Monthly Archives: March 2015

Bitcoin platform claims thousands of victims in Hong Kong

Posted: March 8, 2015 at 4:46 pm

Leung estimated that more than 3,000 Hong Kong people have invested a total of about HK$3 billion in Bitcoins issued by mycoin.hk.

An investor, surnamed Lau, said a law firm employee persuaded her to buy Bitcoins at mycoin.hk last September. She alleged that the person collected a HK$1.3-million cheque from her to set up an account at mycoin.hk without her consent. No document was signed in the process, she said.

Each of the company's Bitcion has depreciated to less than HK$20 since last December and withdrawal instructions by customers were ignored. The market value of a Bitcoin, as provided by preev.com, was about HK$1,760 on Sunday.

Another 81-year-old investor, surnamed Chan, told media that she had invested HK$3 million in buying Bitcoin on the platform, hoping to make a profit of HK$5 million a year later. But she could only recover HK$1.8 million so far.

Leung said the platform apparently lured investors with rebates and dividends to introduced friends and relatives to buy Bitcoin.

The investors suspected that they were the victims of an illegal pyramid scheme. A group of investors had said that they would report the case to the police this Wednesday. A police spokesperson said they would keep a close eye on the development.

Bitcoin is an online payment system without backing from a central bank or any government. Bitcoins are generated from a computing process called mining. It was first introduced in 2009 and first came to Hong Kong in February last year. As its value is determined by agreements of users, Bitcoin's undulation is severer than normal currencies. Authorities in Hong Kong have long warned that Bitcoin was a product subject to high risk. Hong Kong has no law to regulate virtual currencies like Bitcorn. The once biggest Bitcoin trader, Mt. Gox headquartered in Tokyo, went bust early last year. The value of Bitcoin dropped more than 50 per cent last year.

See the original post here:
Bitcoin platform claims thousands of victims in Hong Kong

Posted in Bitcoin | Comments Off on Bitcoin platform claims thousands of victims in Hong Kong

It's a match Free Staters and bitcoin

Posted: at 4:46 pm

MANCHESTER - New Hampshire has become one of the hottest states in the nation for bitcoin transactions per capita, thanks in large part to the influence of Free Staters, big fans of the virtual currency who convene here this weekend in their Liberty Forum at the downtown Radisson.

One topic likely to generate some buzz is the effort by bitcoin backers in the Legislature to make New Hampshire the first state to accept bitcoin for payment of state taxes and fees.

A bill filed by newly elected state Rep. Eric Schleien, R-Hudson, would require the state treasurer to develop a plan for the state to accept bitcoin beginning July 1, 2017. The bill (HB552) calls for the state to contract with a third-party vendor that would convert bitcoin payments into cash at no cost to the state.

"Just to be crystal clear, New Hampshire would receive payment in U.S. currency," said Schleien, an avowed Free Stater himself. "The state will never have to touch a bitcoin."

You can't actually touch a bitcoin, anyway. The virtual currency resides only on the Internet, with values that can fluctuate wildly from day to day.

Bitcoin has slowly been growing in popularity since it debuted in 2009. It's based on the notion that if enough people believe in it, and enough merchants accept it, bitcoin can eventually become a form of international currency free of government and central bank authority, thus the appeal to liberty-minded folks like Schleien.

It's also a popular method of payment for suspect transactions on the "dark web" since it is untraceable.

A sophisticated computer program developed by an anonymous programmer ensures that only a fixed number of bitcoins will ever be made available. A handful of skilled experts with access to incredibly powerful and expensive computers can "mine" bitcoins, but that has become more and more difficult as the total available begins to decline.

Most users buy previously "mined" bitcoins with hard cash through online exchanges.

Bitcoin is a very speculative investment. Its value versus the U.S. dollar has fluctuated wildly over the years, reaching as high as $1,000 per coin, and dipping below $100. On Friday, a single bitcoin was trading for $274.

Continued here:
It's a match Free Staters and bitcoin

Posted in Bitcoin | Comments Off on It's a match Free Staters and bitcoin

MyCoin closes its doors, $387 million in investor funds vanishes

Posted: at 4:46 pm

Summary:Bitcoin exchange MyCoin has vanished -- leaving up to $387 million in investor funds unaccounted for.

Bitcoin exchange MyCoin has closed its doors, potentially leaving up to 3,000 investors out of pocket.

The closure of the Bitcoin exchange was originally reported by the South China Morning Post on Monday. MyCoin, a supposed Hong Kong-based virtual currency trading exchange, has reportedly closed its doors leaving as many as 3,000 local investors with combined losses of HK$3 billion ($387 million).

Bitcoin exchanges are no stranger to closures and controversy. The most famous example is that of Mt. Gox, once one of the dominant Bitcoin exchanges online. Tokyo-based Mt. Gox closed its doors without warning in February last year, filing for bankruptcy and leaving investors approximately $500 million out of pocket. The closure of Mt. Gox was followed by others struck by cyberattack, including Flexcoin, Poloniex and Bitcurex.

See also: Police suspect Mt. Gox Bitcoin theft was an inside job

However, MyCoin's case may be different. Approximately 30 MyCoin clients are filing reports with local police that MyCoin was less of a Bitcoin exchange and more like a pyramid-style Ponzi scheme.

MyCoin customers were promised up to HK$1 million as a return on their money in four months for buying a HK$400,000 Bitcoin contract. The contract, which was meant to produce 90 bitcoins on maturity, also encouraged clients to lure others to the fold with new customer recruitment rewards such as extra profit, prizes and cars.

No customer was given written proof of their investment, and in December, MyCoin changed its trading rules -- forbidding clients from withdrawing their virtual currency unless they recruited other customers.

One MyCoin client, who has lost HK$1.3 million ($168,000) in four Bitcoin contracts, told the publication:

Originally posted here:
MyCoin closes its doors, $387 million in investor funds vanishes

Posted in Bitcoin | Comments Off on MyCoin closes its doors, $387 million in investor funds vanishes

terraria ios 1.2 space station build! – Video

Posted: at 4:46 pm


terraria ios 1.2 space station build!
hope you injoyed! this took a while to make.

By: Chickendeath11

Here is the original post:
terraria ios 1.2 space station build! - Video

Posted in Space Station | Comments Off on terraria ios 1.2 space station build! – Video

Nunhex at The Space Station – Part 3 – Video

Posted: at 4:46 pm


Nunhex at The Space Station - Part 3
Nunhex at The Space Station in Orlando, FL. 2/26/15. Part 3 of 3.

By: tantrumdan

Read more:
Nunhex at The Space Station - Part 3 - Video

Posted in Space Station | Comments Off on Nunhex at The Space Station – Part 3 – Video

MarcelDeVan – Boot Mix* V [ The Synth Dance* 2015 ] – Video

Posted: at 4:46 pm


MarcelDeVan - Boot Mix* V [ The Synth Dance* 2015 ]
Playlist: "In The Mix" MarcelDeVan - Around Of Life [ Special Edit ] http://marceldevan.bandcamp.com/album/special-edition-2014 MarcelDeVan - Technology ...

By: MarcelDeVan Official

Go here to see the original:
MarcelDeVan - Boot Mix* V [ The Synth Dance* 2015 ] - Video

Posted in Space Station | Comments Off on MarcelDeVan – Boot Mix* V [ The Synth Dance* 2015 ] – Video

Space Engineers Shipyard: The Graviton Station – Video

Posted: at 4:46 pm


Space Engineers Shipyard: The Graviton Station
This Week #39;s Suggestion comes from Axyl who requested a space station with his Graviton core. I decided to turn his design on its head a little bit. Original Graviton https://www.youtube.com/watch?...

By: Wedgehog

Read the original post:
Space Engineers Shipyard: The Graviton Station - Video

Posted in Space Station | Comments Off on Space Engineers Shipyard: The Graviton Station – Video

A Waste of Space [Commentary]

Posted: at 4:46 pm

NASAs new space station mission is not a big step toward Mars, but mostly a holding pattern

In late March astronaut Scott Kelly and cosmonaut Mikhail Kornienko will take off in a Soyuz rocket from the steppes of Kazakhstan, heading to the International Space Station (ISS) for a yearlong stay. NASA bills their mission as a crucial stepping-stone toward sending humans on a multiyear trip to Mars. That interplanetary voyage, part of our human drive for new frontiers, is the greatest dream of the space age. Yet rather than making that dream a reality, this mission seems to be a distracting detour. During their orbital sojourn Kelly and Kornienko will undergo rigorous medical testing designed to show researchers what long-term spaceflight does to human beings, particularly how prolonged weightlessness and radiation exposure cause harm. The results, NASA says, could lead to medical breakthroughs that make interplanetary hauls safer. Couldbut it likely wont make them safe enough. More likely, Kellys and Kornienkos tests will just confirm in greater detail what we already know from several previous long-duration missions: Our current space habitats are not adequate for voyages to other worlds. The lack of money to build these habitats, more than any lack of medical knowledge, is what keeps humans from Mars and other off-world destinations. For instance, we already know that living without gravity is a problem. Long periods of weightlessness atrophy muscles, weaken bones and worsen vision. Vigorous exercise can minimize some of these effects, so astronauts on the ISS spend hours each day working out. Even so, no matter how much they sweat in space, when Kelly and Kornienko return to Earth they will almost certainly be weaker than when they left. Investigators have known how to solve this problem since 1903, when Russian scientist Konstantin Tsiolkovsky described a spinning space habitat that would generate a force pulling away from the structures center and toward the outer edges, thereby mimicking gravity. This effect varies with the structures spin rate, creating any gravitational strength the structure can withstand, whether the comfortable one g of Earth or the languorous 0.38 g of Mars. (No one yet knows the optimum g-levels for healthy, affordable long-duration spaceflight, and Kellys and Kornienkos mission wont tell us.) Why doesnt NASA avail itself of this solution? Because it costs a lot, and the agency has already spent more than $75 billion on the weightless ISS. A rotating habitat would be more costly and complex than a weightless one (although it need not be a prohibitively pricey behemoth like the doughnut-shaped space station from 2001: A Space Odyssey). Two modules connected by a long spoke, set spinning by modest bursts from thruster rockets, could create artificial gravity at a more reasonable price, although this solution would still be more expensive than simply performing more medical tests in weightlessness. What NASA should be testing is how to build such a craft, and how to live and work within it without becoming disoriented and dizzy. As a starting point, a scaled-down centrifuge could be installed on the ISS to test how lab animals respond to varying levels of artificial gravity. The station was originally designed to include such a facility, the Centrifuge Accommodation Module. NASA, however, scuttled the project by removing it from ISS assembly flights during the shuttle era, in part due to budgetary concerns. Radiation, the other health threat in space, is a more pernicious danger. Showers of solar protons and galactic cosmic rays can rip through cells, wreaking biological havoc. The current remedy is to clad living quarters in layers of dense material, which adds weight and increases the amount of fuel needed to get off the ground. It doesnt have to be this way. Advanced space propulsion systems paired with cheaper rocket launches could allow properly shielded craft to make faster interplanetary trips, decreasing a crews overall radiation exposure. Such protection will be possible only if NASA rekindles and follows through on developing advanced solar- and nuclear-electric propulsion, efforts which have been started and canceled several times over the past half century. It would be unfair to blame NASA alone for this shortsightedness. Integrating artificial gravity and better propulsion into its human spaceflight program would require many billions of dollars, and that money is not forthcoming from Congress. So NASA has struck a pragmatic course, tinkering with well-worn technologies instead of spending the financial and political capital to develop new ones. This path of least resistance is not going to take us to Marsor on long-duration trips to the moon, asteroids or other deep-space destinations. NASA leadership should take a page from the playbook of Elon Musk and SpaceX and be bolder, pushing technologies for future exploration rather than relying on those from the past. If the American people do not feel that it is worth the money to take these next steps, the nation should face facts and abandon this dream of sending space travelers to worlds beyond our own.

2015 Scientific American, a Division of Nature America, Inc.

View Mobile Site All Rights Reserved.

More:
A Waste of Space [Commentary]

Posted in Space Station | Comments Off on A Waste of Space [Commentary]

Astronauts try to complete tricky cable repair outside space station

Posted: at 4:46 pm

Spacewalking astronauts successfully completed a three-day cable job outside the International Space Station on Sunday, routing several-hundred feet of power and data lines for new crew capsules commissioned by NASA.

It was the third spacewalk in just over a week for Americans Terry Virts and Butch Wilmore, and the quickest succession of spacewalks since NASA's former shuttle days.

The advance work was needed for the manned spacecraft under development by Boeing and SpaceX. A pair of docking ports will fly up later this year, followed by the capsules themselves, with astronauts aboard, in 2017.

Once safely back inside, Virts reported a bit of water in his helmet again for the second time in as many spacewalks. He stressed it was "not a big deal" and said there was no need to hurry out of his suit.

Virts and Wilmore installed two sets of antennas Sunday, as well as 400 feet of cable for this new communication system. They unreeled 364 feet of cable on Feb. 21 and last Wednesday.

It was complicated, hand-intensive work, yet the astronauts managed to wrap up more than an hour early Sunday, for a 5 -hour spacewalk. Their three outings spanned 19 hours.

"You guys have done an outstanding job," Mission Control radioed, "even for two shuttle pilots."

Sunday's 260-mile-high action unfolded 50 years to the month of the world's first spacewalk.

Soviet Alexei Leonov floated out into the vacuum of space on March 18, 1965, beating America's first spacewalker, Gemini 4's Edward White II, by just 2 1/2 months. Leonov is now 80; White died in the Apollo 1 fire on the launch pad in 1967.

"It's amazing ... to see how far we've come from the very first steps outside," Virts said.

Follow this link:
Astronauts try to complete tricky cable repair outside space station

Posted in Space Station | Comments Off on Astronauts try to complete tricky cable repair outside space station

Astronauts complete 1st of 3 spacewalks

Posted: at 4:46 pm

Published February 21, 2015

Feb. 21, 2015: In this image from television astronaut Barry "Butch" Wilmore begins the spacewalk to wire the International Space Station in preparation for the arrival in July of the international docking port for the Boeing and Space-X commercial crew vehicles.(AP)

CAPE CANAVERAL, Fla. Spacewalking astronauts routed more than 300 feet of cable outside the International Space Station on Saturday, tricky and tiring advance work for the arrival of new American-made crew capsules.

It was the first of three spacewalks planned for NASA astronauts Butch Wilmore and Terry Virts over the coming week.

Altogether, Wilmore and Virts have 764 feet of cable to run outside the space station. They got off to a strong start Saturday, rigging eight power and data lines, or about 340 feet.

"Broadening my resume," Virts observed.

NASA considers this the most complicated cable-routing job in the 16-year history of the space station. Equally difficult will be running cable on the inside of the complex.

The extensive rewiring is needed to prepare for NASA's next phase 260 miles up: the 2017 arrival of the first commercial spacecraft capable of transporting astronauts to the orbiting lab.

NASA is paying Boeing and SpaceX to build the capsules and fly them from Cape Canaveral, which hasn't seen a manned launch since the shuttles retired in 2011. Instead, Russia is doing all the taxi work -- for a steep price.

The first of two docking ports for the Boeing and SpaceX vessels -- still under development -- is due to arrive in June. Even more spacewalks will be needed to set everything up.

Read the rest here:
Astronauts complete 1st of 3 spacewalks

Posted in Space Station | Comments Off on Astronauts complete 1st of 3 spacewalks