If you’re into the Bitcoin world, you’ve probably heard about the Bitcoin mining process.In other words, producing digital currency.Also, if you read our previous posts, you know that Bitcoin mining is not easy, but what we’re going to show you is another level of difficulty.Some of the Bitcoin pioneers built crazy computers in order to create digital currency.Well, crazy isn’t enough.Actually, we have never seen nothing like this.Being protected by complex mathematical problems, which help maintain the public transactions, Bitcoin miners receive 25 “coins” as a payment for every mathematical problem they solve.Most of them even work in teams and split the rewards.However, to do this, some of these geniuses had to adap their computers and you can check the result in the pictures.There’s thing like liquid nitrogen, Lego pieces and a lot of random household products, but also high-end computer components.Maybe it’s not that dangerous, are you thinking.Maybe… But that didn’t stopped a Bitcoin miner from burning his house, in Ottawa, while he was building his megalomaniac computer.

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Try again or visit Twitter Status for more information.bitcoin cad price chartSign up Add a location to your Tweets When you tweet with a location, Twitter stores that location.You can switch location on/off before each Tweet and always have the option to delete your location history.Learn more Turn location onNot now List name Description Public · Anyone can follow this list Private · Only you can access this list Here's the URL for this Tweet.Copy it to easily share with friends.Add this Tweet to your website by copying the code below.Learn more Add this video to your website by copying the code below.Learn more Include parent Tweet Include media By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.Sign up, tune into the things you care about, and get updates as they happen.Sign up Country Code For customers of United States 40404 (any) Canada 21212 (any) United Kingdom 86444 Vodafone, Orange, 3, O2 Brazil 40404 Nextel, TIM Haiti 40404 Digicel, Voila Ireland 51210 Vodafone, O2 India 53000 Bharti Airtel, Videocon, Reliance Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata Italy 4880804 Wind 3424486444 Vodafone » See SMS short codes for other countries Welcome home!

This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.Tweets not working for you?Hover over the profile pic and click the Following button to unfollow any account.Say a lot with a little When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.Join the conversation Add your thoughts about any Tweet with a Reply.Find a topic you’re passionate about, and jump right in.Learn the latest Get instant insight into what people are talking about now.Get more of what you love Follow more accounts to get instant updates about topics you care about.Find what's happening See the latest conversations about any topic instantly.Never miss a Moment Catch up instantly on the best stories happening as they unfold.With an ATM doling out Bitcoin and a popular eatery taking it in, the controversial digital currency is establishing a presence in Ottawa.But what exactly is a bitcoin?

Glue’s Michael Timmermans breaks it down.Ottawa’s first bitcoin ATM – or BTM – went online in mid-January at the Clocktower Brewpub in the ByWard Market.BTM users can deposit cash into the machine using an online mobile application.The BTM then converts the cash to the equivalent value in bitcoin and transfers it to the user’s Bitcoin wallet.The machine can also convert bitcoins into cash with the maximum being $10,000 a day.Never heard of Bitcoin?Credited as the world’s first digital or “cryptocurrency,” Bitcoin was founded in 2009 by Satoshi Nakamoto., the currency’s online base of operations, explains it this way: “From a user’s perspective, Bitcoin is nothing more than a mobile app or computer program that provides a wallet [allowing] a user to send and receive bitcoins.” “In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service.This is often called mining.” The controversial digital dollar has seen its fair share of headlines recently and it hasn’t been all good news.

Bitcoin has been criticized due to its lack of regulation, possible use in illegal activities and the instability of its value.Charlie Shrem, CEO of a New York based bitcoin exchange, was arrested in January on money-laundering charges for his alleged involvement in a scheme with Silk Road, a company recently shut down by the FBI.federal agents seized 144,000 bitcoins during the shutdown worth a whopping US$28.5 million.Despite the controversy, the popular Elgin Street eatery The Standard Luxury Tavern is now accepting payment in bitcoin for pints and pub fare.“Forty bills have been paid by bitcoin in the past two weeks,” said Mark Uhlmann, co-owner of the seven year-old Ottawa restaurant.“It’s kind of neat to be the first kids on the block to accept it.” Uhlmann explained how standard patrons pay with bitcoin.When the bill is ready to be settled, the server enters the amount into an app on a tablet computer.A QR code is generated on the tablet that the patron scans with their smartphone’s Bitcoin wallet app.

The amount of the bill is transferred from the customer’s Bitcoin wallet to the restaurant’s.Just as fast as paying cash, Uhlmann told Glue and often faster than the debit system.Uhlmann and his business partner have been following the Bitcoin story and recently decided to start accepting them in order to save on transaction fees.“I’m paying between $50,000 and $60,000 a year in [credit card and debit] fees at all of my places,” he said.“There’s little to no fee for bitcoin transactions.” While only a handful of businesses in Ottawa are currently accepting bitcoin, Uhlmann thinks the idea resonates with restaurant owners because of its low percentage-based fee structure and the cost of credit and debit charges.From his perspective, bitcoin payments are the same as customers paying cash.He doesn’t view the payment as eliminating other options, but rather as an additional option and marketing tool.Accepting the e-currency could lend a certain ‘cool factor’ to a business.

Ottawa’s BTM is courtesy of local start-up company Bit Access.co-founder of the Ottawa based company, Abdul Haseeb Awan, said the Bitcoin platform allows for sending money with no third party and is considered to be the internet of money.Vancouver was the first city in the world to receive a BTM with machines also in Toronto and Winnipeg.With one BTM in Ottawa, Awan explained that his company will also expand internationally.The firm’s aim is to bring Bitcoin to the masses.In terms of the currency’s controversy, Awan said that people are bound to abuse bitcoin, but it is important to remember that Shrem was not arrested for using the currency itself.The alleged illegal activity involving Silk Road could just as easily have been carried out using US currency.And for the volatility of bitcoin’s value, “it’s not a good thing,” according to Awan.“It’s still early in the game,” he said, predicting the currency will at least triple in value.“The more people want it, the more the value will go up.”