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FAQ – Bitcoin

Find answers to recurring questions and myths about Bitcoin.

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.

Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. 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". To learn more about Bitcoin, you can consult the dedicated page and the original paper.

Yes. There is a growing number of businesses and individuals using Bitcoin. This includes brick and mortar businesses like restaurants, apartments, law firms, and popular online services such as Namecheap, WordPress, and Reddit. While Bitcoin remains a relatively new phenomenon, it is growing fast. At the end of August 2013, the value of all bitcoins in circulation exceeded US$ 1.5 billion with millions of dollars worth of bitcoins exchanged daily.

While it may be possible to find individuals who wish to sell bitcoins in exchange for a credit card or PayPal payment, most exchanges do not allow funding via these payment methods. This is due to cases where someone buys bitcoins with PayPal, and then reverses their half of the transaction. This is commonly referred to as a chargeback.

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FAQ - Bitcoin

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BTC Guild – Bitcoin Mining Pool

BTC Guild will be shutting down its mining servers on June 30th, 2015 at 23:59 UTC. Users will still be able to log in and retrieve their history (CSV exports on the settings page) and request withdrawals until September 30, 2015. Why is BTC Guild Shutting Down? This is the second time BTC Guild has announced closure, but this time the decision will not be reversed. The reasons have not changed much since the original announcement.

As mining has become more centralized, BTC Guild has continuously shrunk in proportion to the network, now being less than 3% of the network hash rate. The costs of running the pool have not changed, and the amount of funds at risk in the event of a compromise is significantly higher than what the pool could ever recover from. When the pool was 20-30% of the network, the amount of funds at risk was slightly higher, but the ability for the pool to recover from that loss was present. At 3% of the network, the pool would not be able to recover from such a loss.

Additionally, the NYDFS BitLicense regulations have now become finalized, and the final regulations have enough gray area that BTC Guild is at risk. The fact that BTC Guild is not in New York does not matter, since it would be doing business with New York residents while they are physically in New York. This fact makes it possible for New York to attempt to claim jurisdiction to enforce regulations. Whether or not BTC Guild could win in defense of such an attempt is irrelevant, since the cost of defending the pool would be greater than any income the pool is expected to generate going forward.

Finally, I have been growing concerned for some time now about attempts to defraud pools. The pool's luck has been on a decline for over a year. The luck on a few other pools has also shown a negative trend. While it is not impossible that it's a coincidence, this is something I have been constantly made aware of and am helpless against. There is no way to know whether it's just bad luck, a small bug in older miners (BTC Guild probably has the highest percentage of first/second generation ASICs) resulting in a few % of block-solving shares to disappear, or a large pool trying to hurt the competition (many of the largest pools have large private mining operations now). It would only take a fraction (1 PH/s or less could do it) to cause significant harm to a competing pool, and that activity could be masked by proxies and multiple accounts to be impossible to catch.

The PPLNS shift length will be steadily reduced starting June 16th. This means that more shifts will likely end with 0 blocks, but shifts that find blocks will receive a larger amount than they would have previously. It is not recommended that users wait until the last minute to change pools.

The minimum balance for a manual withdrawal is reduced to 0.0001, and will not require a transaction fee to be paid in order to request the withdrawal.

Users will have until September 30, 2015 to issue the request for their final withdrawals.

The risk of users being cheated or stolen from as a result of transferring pool ownership is not something I am willing to accept. This is part of the reason the pool is closing in the first place: Risk of users losing funds because the pool would not be able to cover losses in the event of compromise.

I will not be entertaining offers on purchasing the pool this time around. There is no (reasonable) price the pool would be sold for.

Thank you to all the users and the Bitcoin community for making BTC Guild a success for the last four years. It has been hard to finally make this call a second time with the determination to not reverse the decision. You will still be able to find me around the Bitcoin Talk forums (outside of the Pools subsection for once), and on IRC in #btcguild (and probably #bitcoin once the pool winds down).

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How Cloud Storage Works – HowStuffWorks

Comedian George Carlin has a routine in which he talks about how humans seem to spend their lives accumulating "stuff." Once they've gathered enough stuff, they have to find places to store all of it. If Carlin were to update that routine today, he could make the same observation about computer information. It seems that everyone with a computer spends a lot of time acquiring data and then trying to find a way to store it.

For some computer owners, finding enough storage space to hold all the data they've acquired is a real challenge. Some people invest in larger hard drives. Others prefer external storage devices like thumb drives or compact discs. Desperate computer owners might delete entire folders worth of old files in order to make space for new information. But some are choosing to rely on a growing trend: cloud storage.

While cloud storage sounds like it has something to do with weather fronts and storm systems, it really refers to saving data to an off-site storage system maintained by a third party. Instead of storing information to your computer's hard drive or other local storage device, you save it to a remote database. The Internet provides the connection between your computer and the database.

On the surface, cloud storage has several advantages over traditional data storage. For example, if you store your data on a cloud storage system, you'll be able to get to that data from any location that has Internet access. You wouldn't need to carry around a physical storage device or use the same computer to save and retrieve your information. With the right storage system, you could even allow other people to access the data, turning a personal project into a collaborative effort.

So cloud storage is convenient and offers more flexibility, but how does it work? Find out in the next section.

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How Cloud Storage Works - HowStuffWorks

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Best Cloud Storage Providers and Reviews Online | Top 10 …

All Cloud Reviews

We review all cloud storage companies, so even if they didnt make our top 10 list, you can still find them here!

Not sure what the cloud is or how it can help you? We answerthe most common cloud storage questions.

With the introduction of cloud storage and cloud servers, it has become easier than ever to backup all your important computer files online. You are now given the flexibility of accessing all your files from anywhere in the world, with the benefit of knowing that all your important pictures, videos, music, files, documents, as well as other programs and data are securely stored and available to you 24 hours a day 7 days a week.

With our extensive knowledge of cloud storage and backed up by customer and webmaster reviews we help you chose the best cloud storage service provider for you.

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Best Cloud Storage Providers and Reviews Online | Top 10 ...

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Bitcoin Forum – Index

Bahasa Indonesia (Indonesian) Moderators: dbshck, BitRent 33756 Posts 696 Topics Last post by Mediator in Re: PERHATIAN! untuk sem... on Today at 09:12:27 AM Child Boards: Jual Beli, Mining (Bahasa Indonesia), Altcoins (Bahasa Indonesia) Espaol (Spanish) 144389 Posts 10001 Topics Last post by Bitchain.eu in Presentacin Cajero Bitc... on Today at 07:41:29 AM Child Boards: Mercado y Economa, Hardware y Minera, Esquina Libre, Mercadillo, Primeros pasos y ayuda, Altcoins (criptomonedas alternativas) (Chinese) 265941 Posts 22304 Topics Last post by ngokiemtuan in Re: TEKcoin please... on Today at 08:44:53 AM Child Boards: , , , , Hrvatski (Croatian) 5153 Posts 53 Topics Last post by ljudotina in Re: Nudim mikro repo kre... on Today at 09:28:27 AM Deutsch (German) 204209 Posts 13081 Topics Last post by MrLehmann in Re: 20% Rabatt auf amazo... on Today at 09:43:40 AM Child Boards: Biete, Suche, Anfnger und Hilfe, Mining (Deutsch), Trading und Spekulation, Projektentwicklung, Off-Topic (Deutsch), Treffen, Presse , Auktionen, Altcoins (Deutsch) (Greek) 6419 Posts 561 Topics Last post by nikosk in Re: Bitcoin ATM... on Today at 08:34:38 AM Child Boards: , Mining (), Altcoins () (Hebrew) 988 Posts 256 Topics Last post by Meni Rosenfeld in Re: ... on July 09, 2015, 06:32:12 PM Franais 61837 Posts 3812 Topics Last post by yohannc in Re: antminer s3 setup on Today at 09:38:05 AM Child Boards: Actualit et News, Dbutants, Discussions gnrales et utilisation du Bitcoin, Mining et Hardware, conomie et spculation, Place de march, Le Bitcoin et la loi, Wiki, documentation et traduction, Dveloppement et technique, Vos sites et projets, Hors-sujet, Altcoins (Franais) India 24562 Posts 2617 Topics Last post by harika in Re: Quickr app Giving fr... on Today at 08:07:45 AM Child Boards: Mining (India), Marketplace (India), Regional Languages (India), Press & News from India, Alt Coins (India), Buyer/ Seller Reputations (India), Off-Topic (India) Italiano (Italian) 134513 Posts 7966 Topics Last post by gbianchi in Re: La Grecia risponde a... on Today at 07:40:30 AM Child Boards: Guide (Italiano), Progetti, Discussioni avanzate e sviluppo, Trading, analisi e speculazione, Mercato, Accuse scam/truffe, Mining (Italiano), Alt-Currencies (Italiano), Raduni/Meeting (Italiano), Crittografia e decentralizzazione, Off-Topic (Italiano) Nederlands (Dutch) 23460 Posts 2390 Topics Last post by neoneros in Re: Bowling for Bitcoin ... on Today at 07:16:08 AM Child Boards: Markt, Gokken/lotterijen, Mining (Nederlands), Beurzen, Alt Coins (Nederlands), Off-topic (Nederlands), Meetings (Nederlands) (Korean) 767 Posts 368 Topics Last post by bankerkorea in Re: ... on July 12, 2015, 12:10:07 AM Child Boards: Alt Coins () Polski 3095 Posts 516 Topics Last post by Pab in Re: BitBay.net - polska ... on July 13, 2015, 07:35:31 PM Child Boards: Tablica ogosze, Alternatywne kryptowaluty Portugus (Portuguese) 34507 Posts 3570 Topics Last post by isaque16 in Gente, quais so os 5 me... on Today at 02:25:13 AM Child Boards: Primeiros Passos (Iniciantes), Economia & Mercado, Minerao em Geral, Desenvolvimento & Discusses Tcnicas, Criptomoedas Alternativas, Brasil, Portugal (Russian) 375906 Posts 18409 Topics Last post by CryptInvest in Re: B Pocc ooae... on Today at 09:44:53 AM Child Boards: , , , , , , , , , , , , , Romn (Romanian) 20397 Posts 2247 Topics Last post by MiraBit in Re: Ce ascultati acum? on Today at 07:05:41 AM Child Boards: Anunturi importante, Offtopic, Market, Minat, Tutoriale, Bine ai venit!, Presa, Altcoins (Monede Alternative) Skandinavisk 5033 Posts 699 Topics Last post by CCEDKaps in Re: Verdens frste bitco... on July 13, 2015, 10:30:54 AM Trke (Turkish) 53050 Posts 4029 Topics Last post by marketingcoin in Re: Koinim.com on Today at 09:15:57 AM Child Boards: Bitcoin Haberleri, Pazar Alan, Madencilik, Ekonomi, Servisler, Alternatif Kripto-Paralar, Konu D, Yeni Balayanlar & Yardm Other languages/locations 9597 Posts 173 Topics Last post by zecexe in Re: Pilipinas (Philippin... on Today at 08:00:15 AM

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Bitcoin Charts / Markets

USD BitfinexbitfinexUSD 288.41 0 min ago 266.85 21.56 8.08% 905,064.72 241,520,698.97 USD 232.51 316.23 288.41 288.82 288.66 -0.25 -0.09% 51,013.68 14,725,450.61 USD 281.5 295.59 CNY BTC ChinabtcnCNY 1792.52 0 min ago 1629.58 162.94 10.00% 709,007.24 1,155,384,653.42 CNY 1436.21 2400 1790.72 1791.86 1797.94 -5.42 -0.30% 29,774.25 53,532,367.24 CNY 1740.21 1840 USD BitStampbitstampUSD 286.91 0 min ago 265.21 21.70 8.18% 370,371.92 98,227,339.92 USD 230.94 317.99 287.29 288.05 287.84 -0.93 -0.32% 20,337.66 5,853,897.11 USD 281 294.47 USD btcebtceUSD 282.949 0 min ago 260.40 22.55 8.66% 203,029.93 52,869,675.57 USD 233 298.999 282.949 283 284.37 -1.42 -0.50% 5,773.09 1,641,688.67 USD 277.011 289.361 USD itBititbitUSD 287.5 0 min ago 264.85 22.65 8.55% 144,569.09 38,289,268.73 USD 231.56 313.5 287.23 287.42 287.15 0.35 0.12% 7,242.03 2,079,524.61 USD 279.35 293.7 EUR KrakenkrakenEUR 260.5 0 min ago 235.81 24.69 10.47% 119,719.80 28,230,752.39 EUR 202.3021 281.21811 260.93738 261.2 259.84 0.66 0.26% 5,558.24 1,444,243.71 EUR 252 267 USD LakeBTC.comlakeUSD 287.1 0 min ago 263.75 23.35 8.86% 112,186.26 29,588,593.34 USD 232.97 318.23 287.03 287.27 286.68 0.42 0.15% 6,497.74 1,862,756.77 USD 273.69 295.16 PLN BitcurexbitcurexPLN 1063.1911 just now 949.78 113.42 11.94% 28,740.53 27,297,060.22 PLN 848.6971 1152.5 1063.131 1079.7899 1074.93 -11.74 -1.09% 630.98 678,258.69 PLN 1035 1130.5009 USD ANXanxhkUSD 289.25064 0 min ago 260.04 29.21 11.23% 24,890.57 6,472,561.32 USD 227.03607 315 287.51002 290.98491 289.48 -0.23 -0.08% 657.78 190,414.95 USD 280.52657 297.11643 SGD ANXanxhkSGD 393.29873 0 min ago 350.67 42.63 12.16% 24,516.38 8,597,065.74 SGD 305.20755 425.59744 383.82372 403.85154 392.91 0.39 0.10% 658.12 258,583.12 SGD 379.57515 403.10901 CAD ANXanxhkCAD 369.56832 1 min ago 325.50 44.07 13.54% 24,514.68 7,979,450.76 CAD 279.6176 398.71442 361.04053 379.07604 368.77 0.80 0.22% 658.12 242,697.37 CAD 356.79615 378.03311 HKD ANXanxhkHKD 2242.19171 0 min ago 2017.58 224.61 11.13% 24,505.24 49,441,238.87 HKD 1760.20064 2441.66612 2225.13129 2261.96801 2244.29 -2.10 -0.09% 658.12 1,477,025.85 HKD 2174.44027 2298.54369 AUD ANXanxhkAUD 389.62608 0 min ago 343.07 46.56 13.57% 24,502.29 8,405,956.41 AUD 293.55219 423.09069 380.30076 400.01365 390.17 -0.55 -0.14% 658.12 256,782.11 AUD 378.00509 401.49163 GBP ANXanxhkGBP 187.0607 1 min ago 166.74 20.32 12.19% 24,495.95 4,084,437.94 GBP 145.89497 202.97151 185.30592 189.50106 186.85 0.21 0.11% 650.11 121,474.19 GBP 180.71072 191.84422 NZD ANXanxhkNZD 432.5934 1 min ago 383.54 49.05 12.79% 24,493.87 9,394,374.30 NZD 325.00143 468.71083 421.44588 444.99432 432.70 -0.11 -0.02% 656.11 283,896.35 NZD 418.52796 444.6576 EUR ANXanxhkEUR 262.37927 0 min ago 233.53 28.85 12.35% 24,491.98 5,719,672.49 EUR 202.31795 282.28725 260.05001 266.25129 262.70 -0.32 -0.12% 658.12 172,888.40 EUR 253.38 269.97275 CNY ANXanxhkCNY 1790.18588 0 min ago 1610.97 179.22 11.13% 24,482.30 39,440,209.95 CNY 1406.36145 1949.94 1749.76259 1836.66702 1791.70 -1.51 -0.08% 656.32 1,175,919.87 CNY 1736.25472 1838.62978 JPY ANXanxhkJPY 35670.74528 0 min ago 31973.63 3697.11 11.56% 24,469.84 782,389,744.20 JPY 27999.69103 38663.9343 33098.14341 38414.99999 35703.39 -32.65 -0.09% 658.09 23,496,161.89 JPY 34590.69498 36651.96494 USD hitbtchitbtcUSD 333.96 1 min ago 286.52 47.44 16.56% 22,844.59 6,545,332.42 USD 265.81 376.79 304.89 333.97 309.77 24.19 7.81% 679.56 210,505.12 USD 301.01 341.71 EUR bitcoin.debtcdeEUR 260.67 0 min ago 236.48 24.19 10.23% 18,750.78 4,434,213.77 EUR 190 400.56 261 263 262.06 -1.39 -0.53% 1,025.58 268,760.52 EUR 240 350 EUR itBititbitEUR 262.42 15 min ago 233.68 28.74 12.30% 17,425.04 4,071,853.33 EUR 206.43 279.12 261.68 261.94 262.18 0.24 0.09% 712.19 186,720.52 EUR 253.79 267.65 SGD itBititbitSGD 390.6 3 min ago 368.77 21.83 5.92% 14,613.31 5,388,944.50 SGD 309.64 416.69 389.38 389.94 392.15 -1.55 -0.39% 638.81 250,505.53 SGD 376.3 397.57 PLN BitBaybitbayPLN 1072 7 min ago 987.55 84.45 8.55% 12,760.77 12,601,851.93 PLN 853 1271.57 1072 1090.69 1067.45 4.55 0.43% 678.56 724,327.75 PLN 1038.11 1091 RUB btcebtceRUR 16179 5 min ago 14470.63 1708.37 11.81% 12,441.47 180,035,932.73 RUB 12417 20669 16170 16280 16252.25 -73.25 -0.45% 676.94 11,001,815.83 RUB 15557 17000 CAD Canadian Virtual ExchangevirtexCAD 369.6 5 min ago 344.00 25.60 7.44% 11,653.33 4,008,698.33 CAD 285.00001 398.98869 368.98 369.48 368.35 1.25 0.34% 1,382.61 509,283.08 CAD 359.58268 380.88 PLN BitMarket.plbitmarketplPLN 1055.1001 8 min ago 994.72 60.38 6.07% 11,600.50 11,539,300.20 PLN 854.03 1157 1055.1001 1068.9999 1056.64 -1.54 -0.15% 500.28 528,613.36 PLN 1026.33 1079.9999 EUR hitbtchitbtcEUR 297.99 0 min ago 270.05 27.94 10.34% 9,670.04 2,611,439.85 EUR 233.01 305 275.7 298 278.43 19.56 7.03% 1,200.61 334,283.18 EUR 267.71 299.98 GBP CoinfloorcoinfloorGBP 187.72 1 min ago 167.68 20.04 11.95% 9,568.38 1,604,450.13 GBP 149.52 204.73 187 187.33 186.49 1.23 0.66% 629.95 117,478.76 GBP 182.41 190.79 AUD btcmarketsbtcmarketsAUD 394.98 3 min ago 348.51 46.47 13.33% 8,508.80 2,965,435.03 AUD 7 427.73 390.02 394.98 392.65 2.33 0.59% 399.40 156,823.98 AUD 380.64 405 EUR BitcurexbitcurexEUR 258.3081 1 hr, 33 min ago 231.27 27.04 11.69% 7,038.06 1,627,709.35 EUR 203.6332 280.9073 258.4909 269.31 262.58 -4.28 -1.63% 126.29 33,160.87 EUR 254.0694 271.9355 IDR bitcoin.co.idbtcoidIDR 3830100 4 min ago 3445091.29 385008.71 11.18% 5,552.05 19,127,322,166.52 IDR 3069400 4254000 3835500 3860900 3856950.50 -26850.50 -0.70% 294.69 1,136,616,042.32 IDR 3765000 4050000 LTC KrakenkrakenLTC 62.9 43 min ago 56.37 6.53 11.59% 4,798.67 270,484.19 LTC 31.12245 125.58717 62.32149 63.29995 62.75 0.15 0.24% 106.69 6,694.78 LTC 59.3002 65.82686 EUR btcebtceEUR 251.08 4 min ago 240.65 10.43 4.34% 3,490.73 840,028.13 EUR 202.81 275 250.47 253.66714 250.35 0.73 0.29% 58.89 14,743.98 EUR 235.04 259.3 EUR zyadozyadoEUR 261.18 0 min ago 237.20 23.98 10.11% 3,215.87 762,797.56 EUR 203.09 267.32 261.36 261.42 260.36 0.82 0.32% 961.24 250,265.04 EUR 252.62 267.32 EUR The Rock Trading CompanyrockEUR 260.69 2 min ago 231.69 29.00 12.51% 3,106.13 719,673.76 EUR 203.44 280 260.69 262.11 259.94 0.75 0.29% 144.19 37,480.49 EUR 252.02 266.69 BRL Mercado BitcoinmrcdBRL 940 38 min ago 832.68 107.32 12.89% 2,814.68 2,343,711.09 BRL 724.99998 1010 929.8335 943.57198 946.82 -6.82 -0.72% 116.41 110,222.56 BRL 903 990.00001 USD KrakenkrakenUSD 286.78751 3 hrs, 31 min ago 268.88 17.91 6.66% 1,925.02 517,604.21 USD 231.19035 316.01249 287.89811 289.38 288.58 -1.79 -0.62% 204.87 59,121.27 USD 281.48 294.85016 USD bitKonanbitkonanUSD 295 3 hrs, 5 min ago 258.98 36.02 13.91% 569.63 147,524.39 USD 230.01 324.88 296.64 299.64 293.03 1.97 0.67% 11.24 3,292.44 USD 282.01 308 ILS Bit2Cbit2cILS 1109.99 28 min ago 980.77 129.22 13.18% 547.37 536,839.45 ILS 850 1237 1090.2 1109.99 1051.36 58.63 5.58% 58.57 61,581.89 ILS 1006 1109.99 NZD bitNZbitnzNZD 420 3 hrs, 58 min ago 393.15 26.85 6.83% 535.01 210,337.59 NZD 334.2 459.49999999 414.7 437.1 432.51 -12.51 -2.89% 35.28 15,259.45 NZD 400 455 XRP KrakenkrakenXRP 33411.294 1 hr, 55 min ago 26336.71 7074.58 26.86% 375.98 9,901,949.44 XRP 20500.001 39000 33344.448 34572.675 33939.75 -528.46 -1.56% 13.96 473,686.74 XRP 32679.097 35612.499 SEK FYB-SEfybseSEK 2402 2 hrs, 50 min ago 2288.39 113.61 4.97% 316.14 723,443.32 SEK 1911.88 2699.99 2433.68 2591.1 2577.81 -175.81 -6.82% 19.52 50,323.65 SEK 2402 2649.08 USD The Rock Trading CompanyrockUSD 289.17 1 hr, 32 min ago 257.26 31.91 12.41% 265.84 68,388.89 USD 229.15 313.92 284.43 289.35 285.13 4.04 1.42% 0.91 259.47 USD 273.65 299 USD CoinTradercotrUSD 291 2 hrs, 21 min ago 260.61 30.39 11.66% 262.52 68,415.31 USD 231.99 316.62 290 291 292.49 -1.49 -0.51% 6.77 1,981.56 USD 290 297.24 USD Camp BXcbxUSD 289 3 hrs, 18 min ago 263.46 25.54 9.70% 236.23 62,237.56 USD 230 312.99 291.05 297.99 289.38 -0.38 -0.13% 6.70 1,939.04 USD 285.01 295.99 SGD FYB-SGfybsgSGD 361.02 3 hrs, 24 min ago 346.42 14.60 4.21% 225.40 78,083.62 SGD 250 429.99 370.01 400 387.38 -26.36 -6.81% 8.25 3,194.57 SGD 361.02 409.99 USD BitBaybitbayUSD 287.93 40 min ago 426.24 -138.31 -32.45% 195.62 83,379.68 USD 237.9 4767 278 287.97 287.32 0.61 0.21% 0.39 112.39 USD 283.14 287.95 NMC KrakenkrakenNMC 390.9499 7 hrs, 1 min ago 379.98 10.97 2.89% 102.36 38,895.40 NMC 210 704.00401 387.88301 398.362 396.04 -5.09 -1.29% 5.81 2,300.19 NMC 310.111 400 EUR BitBaybitbayEUR 270 8 min ago 227.77 42.23 18.54% 19.12 4,354.00 EUR 214.75 270 270 349.99 270 0.00 0% 0.40 108.00 EUR 270 270 USD VircurexvcxUSD 301.000027 22 hrs, 45 min ago 330.32 -29.32 -8.88% 16.38 5,411.40 USD 270 398.97 301.000027 354.99765702 301.00 0.00 0% 0.00 1.20 USD 301.000027 301.00082775 GBP IBWTibwtGBP 180 3 days, 15 hrs ago 154.38 25.62 16.59% 3.74 577.75 GBP 146 180 950 0.00 0.00 GBP USD IBWTibwtUSD 500 6 days, 9 hrs ago 0.85 499.15 58411.69% -11.99 -10.25 USD 1 500 1200 0.00 0.00 USD

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Cloud computing changes IT job roles – Thoughts On Cloud

IT job roles and responsibilities have changed as a cloud-based delivery model has become the norm for IT infrastructure. For the majority of IT jobs, cloud proficiency has become standard, a pre-requisite key word for every resume.

A quick search for cloud skills on job sites like Monster.com or Dice.com reveal more than 800 jobs hits. These numbers have grown exponentially in the last few years.

CIOs are increasingly implementing cloud in their IT environments. Finding the right individuals or educating current employee base is key to their cloud strategys success or failure.

The vice president of IT for a goods distribution company told me few weeks ago that his board told him, Our company is not in business of infrastructure management. This illustrates where the future of hosted IT infrastructure is going. His biggest challenge was not only to find a hosting partner but also to educate his team on cloud services and benefits. He had to hire new employees with a cloud computing background.

He found that along with a move to cloud, he had to rethink some of the roles and responsibilities within his organization. Here are few examples of job roles with additional responsibilities that cloud brings:

1. Vice President of IT/Chief Information Officer

IT executives are now tasked with making the decision on going to cloud versus keeping processes in-house. The VP of IT or CIO is also in charge of outsourcing strategies and choosing between IaaS/PaaS/SaaS cloud models along with public, private or hybrid cloud strategies. And they have to manage budget, IT manpower limits and business requirements. VPs of IT and CIOs will need to assess CAPEX spending versus a monthly recurring cost model in cloud. They have to evaluate cloud providers cost models, services offered and experience in the field.

2. IT Managers/IT Directors

In a cloud environment, IT directors and managers decide on automation needs and standards for cloud services. They work with cloud vendors to assess workloads and governance models.

3. Security Architect

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Cloud computing changes IT job roles - Thoughts On Cloud

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Forbes – Cloud Computing – Forbes.com

Chicago wants to tax the sky - or at least the cloud. A recent move by the Chicago to clarify that the city's Amusement Tax also includes subscription based services like Netflix and LexisNexis has many wondering what's next. read

Sales organizations plan to increase their use of sales analytics 58% from 2015 to 2016. Smart selling fueled by predictive analytics will jump 77% among high performing sales organizations in the next 12 18 months. 60% of high-performing sales teams already use or are planning to use a mobile sales apps. read

IBM Research announced that it built a microprocessor on the 7 nanometer process earlier this week, another notable sign that Moores Law, the driving force of the technology industry, is far from over. read

Pattern of Life analytics (POL) is a new predictive data analytical method that is similar to profiling. The implications of POL in the context of the Internet of Things (IoT) are far-reaching for both governments and business. With the recent estimates of IoT financial impact being in the trillions of dollars, Big Data is getting exponentially bigger and data analytics is becoming increasingly important and complex. Security, privacy and data protection legal compliance are paramount; the laws and[...] read

It must be tough to be an analyst estimating the size of the cloud market. Where do you draw the line between a "cloud" system and a "non-cloud" system? It's a fuzzy line at best, if there even is a line any more. read

In a colossal training initiative, Indias largest IT services firm, the Mumbai-based Tata Consultancy Services (TCS), will train 100,000 employees this year in digital technologies such as automation and artificial intelligence. The humongous training program has been necessitated by a strong demand for new technologies from customers in key verticals like retail, financial services and life sciences. About 12.5% of TCS revenues already accrue from digital technologies and the company[...] read

A few months ago, Microsoft launched a preview of Office 2016 for Mac and now it has officially launched to the public today. The last major Office release for Mac was Office 2011. Office 2016 -- which includes a new version of Word, Excel and PowerPoint -- is available in 139 countries and 16 languages. The new version of Office for Mac includes support for Retina displays,the signature ribbon interface, task panes, cloud integration, Multi-Touch gestures and a Full Screen view mode. read

Rolling out so many exciting new products at once shows why AWS is, and will remain, the cloud leader for the foreseeable future. read

Oracle is trying its best to catch up with the cloud world. Last month at a marathon five-hour online event, Oracle Executive Chairman of the Board and CTO, Larry Ellison and Thomas Kurian, President, Product Development announced 24 cloud services (phew!) cutting across IaaS, PaaS, SaaS segments. Six platform services including RDBMS, NoSQL, MBaaS, Big Data, process, and integration services are available today. While the market leaders are moving in a direction that blurs the line between infrastructure,[...] read

Corporate IT spending is on the move. Obviously the CEO is not dead, nor is the chief financial offer (CFO) or the chief information officer (CIO) for that matter but changes are afoot. The current renaissance witnessed in information technology sees multifactorial but essentially decoupled service-based chunks of IT (you can just say cloud computing and virtualization if you prefer) now impacting the way technology itself is procured. read

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DriveHQ Enterprise Cloud IT, Online Storage, Backup and …

You won't find the same powerful features at such an incredible price anywhere else! Compare and Comment Features DriveHQ Dropbox Carbonite Box.com Egnyte Google Drive WebDAV Drive Mapping

Accessing cloud storage just like a local drive, it is the most straight-forward way of accessing cloud files. Anybody in your organization can do it. Migrating to the cloud will be very smooth as you can continue using your desktop software to view or edit files in the cloud.

The WebDAV feature seems to be available, but Box's own website says it's not officially supported on PC. So use at your own risk.

For a business with more than 20 computers and 1TB of data, folder sync will be extremely inefficient. Directly accessing and managing cloud files using File Manager is the best option.

Folder sync is not as safe as online backup, and it lacks the advanced backup features. If you delete a file from a sync-ed folder, it will delete the file in all folders sync-ed to it.

Users may need to sync one folder in real-time, and another folder at night time. If files are being changed very frequently, sync-ing in real-time can be very inefficient.

Select any folder on a PC and synchronize it to a folder in the cloud. The folder on the PC should not be limited to a special folder such as "Dropbox", "Box", "Google Drive" or "Local Cloud".

Automatically backup files and emails online, access data from anywhere, 99.99% uptime with bank level security, ten years of track record.

Business-class folder sync, can sync any folders on your PC, USB drives and network servers. Multiple sync schedules, one-way or two-way sync.

Like C: drive that can be accessed anywhere, it is the most straight-forward way of cloud storage. Migrating to the cloud cannot be easier.

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Virtualization Security – Server Virtualization – Deep …

Deep Security delivers automated and highly scalable cloud security

Already selected by thousands of global customers to protect millions of servers, Deep Security powers Trend Micros Cloud and Data Center Security solution, providing market-leading security capabilities for physical, virtual, and cloud servers from a single integrated platform.

PROVEN LEADERSHIP Corporate Server Security market share leader 2009-2013 IDC: Server Security: Not What It Used to Be! December 2014

Cloud Security Leader 2014 Experton Cloud Vendor Benchmark 2014, June 2014

Available as software or as a service, Deep Security protects enterprise applications and data from breaches and business disruptions without requiring emergency patching. This comprehensive, centrally managed platform helps organizations simplify security operations while enabling regulatory compliance and accelerating the ROI of virtualization and cloud projects. Tight integration with CSPs dramatically reduces operational impacts by automating policy-based security for instances as they are launched or terminated.

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