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Fun facts about Bitcoin

Posted in Life, News

Bitcoin is a peer-to-peer electronic cash system.  It’s purpose is to solve the double spending problem and 3rd party trust system that is inherit in most modern currency systems.  It was first proposed by Satoshi Nakamoto in this paper – http://bitcoin.org/bitcoin.pdf.

Every 10 minutes, 25 Bitcoins are generated by the network.  Every miner or mining pool is competing to find those 25 coins.

In 2017, that number will be halved to only 12.5 bitcoins being generated every 10 minutes.

The system can only create a total of 21 million bitcoins.  This limit will be reached in the year 2140.

A chart illustrating the total amount of Bitcoins generated over time

 

Bitcoin mining is basically a modern day computing arms race.  Whoever has the most computing power essentially has a better chance of solving the blocks.  Costs include hardware, internet connection and power consumption.  To setup your own Bitcoin miner, check out our tutorial here.

 

 

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How to setup a basic Bitcoin Miner (GPU or CPU)

Posted in Life, News, Tutorials

First things first.  You need to make sure you have the right hardware to mine.   Check the link below to find your video card and make a note of its Mhash/s speed.
https://en.bitcoin.it/wiki/Mining_hardware_comparison

The recent Bitcoin surge has greatly effected the video card market prices.  In general for GPU mining, you want a decent ATI Radeon HD card.   Solving the hash is an integer operation and since most Nvidia cards do floating point calculations, they are not optimal for mining.

Ok, so now you have the right hardware.  Next, you want to download Bitcoin-QT (http://bitcoin.org/en/download).   This program serves as your “wallet” and synchronizes you to the Bitcoin P2P network.  After you install Bitcoin-QT, make sure to encrypt your wallet with a pass-phrase by going to Settings – Encrypt Wallet

 
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and make note of your wallet address by clicking on “Receive Coins”

 

You are halfway there!  Let’s continue…Now you need a miner.   For simplicity, lets use GuiMiner (http://guiminer.org/).   Install the program and you should see a list of available devices for mining:

 

 

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Don’t start yet! You need to join a mining pool first.  I recommend Slush’s Pool (https://mining.bitcoin.cz/).   Until you have a good amount of computing power, its best to mine in a pool rather than on your own.  I may talk more about this in another article.

 

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Sign up for an account at Slush’s Pool (https://mining.bitcoin.cz/) and create a worker. Go to My Account and copy in your Bitcoin wallet address and then write down your worker ID and password.   Switch over to GuiMiner and add the worker.  Make sure you have slush’s pool selected. Now you are ready to start mining!  Press Start Mining and the app should connect to the pool and start doing its thing.  You should see the hash rate at the bottom right and current shares on the left.

Remember when I said to take note of your Mhash/s speed?  This is needed to set the difficulty of your worker.   Go back to My Account at Slush Pool and edit your worker.   Select your hash rate and the difficulty will be updated.  You can also set this value on GuiMiner.

That’s it!  Happy Mining!

 

 

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Stereo Chromatic Best of 2012

Posted in News, Production, Video

When we’re not creating websites, we like to shoot HD video for the web.  Check out some of our favorite video highlights from 2012

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Retro Solutions Company Site

Posted in Development, News, Web

retro

 

We developed this custom WordPress site for Dayton, OH based consulting firm Retro Solutions LLC.   The site features a responsive layout and integrated marketing tools from AWeber.   Content provided by Warren Strategies from Detroit, MI.

www.rsolutionsllc.com

 

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Loreem Skincare E-Commerce Site

Posted in Development, News, Web

Screen Shot 2013-01-14 at 4.19.25 PM

 

This e-commerce site was developed for Skin Armor Technologies and Loreem Skincare, a Cincinnati, OH based company.   The site runs on the CMS platform OpenCart and features a customized responsive theme.

www.loreemskincare.com

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NAHA Promo Video

Posted in News, Production, Video

 

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Reunion Weekend Video Series

Posted in News, Production, Video

Welcome to Reunion Weekend from Stereo Chromatic on Vimeo.

Experience Reunion Weekend from Stereo Chromatic on Vimeo.

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Building 13 Portfolio Site

Posted in Development, News, Web

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The Place to Be – Scene 75 First Impressions

Posted in Life, News

 

Scene 75 Entertainment Center opened this week in Dayton, OH.   The complex located at 6196 Poe Avenue, Dayton, OH 45414 is the “largest indoor entertainment center in the country” and its right here in our backyards.  I got a chance to go check it out yesterday (July 4) and also met the owner, who is a really nice and genuine guy.   Overall, I was extremely impressed with the whole experience and only see it getting better in the months and years to come.

I spent a few hours there on my first visit and really just scratched the surface of all the things to do.  Here are my first impressions of what I did check out.

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