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Tag: virtual currency

US Researcher Caught Mining for Bitcoins on NSF Iron

Jun 9, 2014 |

The National Science Foundation has banned a researcher for using agency-funded supercomputers to mine bitcoins, a virtual currency that can be converted into traditional currencies through exchange markets. According to a recently surfaced report from the National Science Foundation Office of the Inspector General, the NSF banned the unnamed researcher after receiving reports that NSF Read more…

Digital Gold Rush Powered by GPUs

Oct 9, 2012 |

<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/Bitcoin_Panning_small.jpg” alt=”” width=”99″ height=”78″ />Coinlab, a Seattle-based startup that offers a unique monetization service, is considering a move into high performance computing. Today the company mines Bitcoins, digital currency to help online gamers make money. But they believe the same infrastructure that powers their operation can be parlayed into an HPC service business.

Digital Gold Rush Powered by GPUs

Oct 9, 2012 |

<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/Bitcoin_Panning_small.jpg” alt=”” width=”99″ height=”78″ />Coinlab, a Seattle-based startup that offers a unique monetization service, is considering a move into high performance computing. Today the company mines Bitcoins, digital currency to help online gamers make money. But they believe the same infrastructure that powers their operation can be parlayed into an HPC service business.