Bitcoin Use Growing
September 8, 2014 by admin
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Bitcoin is gaing greater acceptance at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
Though sales paid for in bitcoin so far at vendors interviewed for this article have been a fraction of one percent, they expect that as acceptance grows, the online currency will one day be as ubiquitous as the internet.
“Bitcoin isn’t going anywhere; it’s here to stay,” said Michael Gulmann, vice president of global products at Expedia Inc. in Seattle, the largest online travel agent. “We want to be there from the beginning.” Expedia started accepting bitcoin payments for hotel bookings on July 11.
Until recently a niche alternative currency touted by a fervent group of followers, bitcoin has evolved into a software-based payment online system. Bitcoins are stored in a wallet with a unique identification number and companies like Coinbase and Blockchain can hold the currency for the user.
When buying an item from a merchant’s website, a customer simply clicks on the bitcoin option and a pop-in window appears where he can type in his wallet ID number.
Still, broad-based adoption of bitcoin is at least five years away because most consumers still prefer to use credit cards, analysts said.
“Bitcoin is a new way of making payments, but it’s not solving a problem that’s broken,” said George Peabody, payments consultant at Glenbrook Partners in Menlo Park, California. “Retail payments aren’t broken.”
There are also worries about bitcoin’s volatility: its price in U.S. dollars changes every day.
That risk is borne by the consumer and the bitcoin payment processor, such as Coinbase or Bitpay, not the retailer. The vendor doesn’t hold the bitcoin and is paid in U.S. dollars. As soon as a customer pays in bitcoin, the digital currency goes to the payment processor and the processor immediately pays the merchant, for a fee of less than 1 percent.
“We don’t have to deal with the actual holding of the bitcoin: it’s the payment processor that takes the currency risk for us,” said Bernie Han, chief operating officer at Dish Network Corp, in Englewood, Colorado. “That’s what makes it appealing for us and I guess for other merchants as well.”
Can A Linux Cert Payoff?
The Linux Foundation has announced an online certification programme for entry-level system admininstration and advanced Linux software engineering professionals to help expand the global pool of Linux sysadmin and developer talent.
The foundation indicated that it established the certification programme because there’s increasing demand for staff in the IT industry, saying, “Demand for experienced Linux professionals continues to grow, with this year’s Linux Jobs Report showing that managers are prioritizing Linux hires and paying more for this talent.
“Because Linux runs today’s global technology infrastructure, companies around the world are looking for more Linux professionals, yet most hiring managers say that finding Linux talent is difficult.”
Linux Foundation executive director Jim Zemlin said, “Our mission is to address the demand for Linux that the industry is currently experiencing. We are making our training [programme] and Linux certification more accessible to users worldwide, since talent isn’t confined to one geography or one distribution.
“Our new Certification [Programme] will enable employers to easily identify Linux talent when hiring and uncover the best of the best. We think Linux professionals worldwide will want to proudly showcase their skills through these certifications and that these certificates will become a hallmark of quality throughout our industry.”
In an innovative departure from other Linux certification testing offered by a number of Linux distribution vendors and training firms, the foundation said, “The new Certification [Programme] exams and designations for Linux Foundation Certified System Administrator (LFCS) and Linux Foundation Certified Engineer (LFCE) will demonstrate that users are technically competent through a groundbreaking, performance-based exam that is available online, from anywhere and at any time.”
The exams are customised somewhat to accommodate technical differences that exist between three major Linux distributions that are characteristic of those usually encountered by Linux professionals working in the IT industry. Exam takers can choose between CentOS, openSUSE or Ubuntu, a derivative of Debian.
“The Linux Foundation’s certification [programme] will open new doors for Linux professionals who need a way to demonstrate their know-how and put them ahead of the rest,” said Ubuntu founder Mark Shuttleworth.
Those who want to look into acquiring the LFCS and LFCE certifications can visit the The Linux Foundation website where it offers the exams, as well as training to prepare for them. The exams are priced at $300, but apparently they are on special introductory offer for $50.
The Linux Foundation is a nonprofit organization dedicated to accelerating the growth of Linux and collaborative development. It is supported by a diverse roster of almost all of the largest IT companies in the world except Microsoft.
Applied Materials Makes A Profit
Chip-equipment maker Applied Materials has surprised most of the cocaine nose jobs of Wall Street with a better-than-expected third-quarter profit. It appears that contract manufacturers are spending more on technology used to make smartphone and memory chips.
The company also forecast current-quarter adjusted profit largely above analysts’ average estimate. Chief Executive Gary Dickerson said that demand for DRAM chips is expected to grow in the current quarter.
Applied Materials, which also provides equipment to make flat panel displays and solar cells, forecast an adjusted profit of 25-29 cents per share for the fourth quarter. Wall Street was expecting a profit of 26 cents per share.
Applied Materials expects revenue growth of about 10 to 17 percent, implying revenue of $2.19 billion to $2.33 billion for the quarter. Analysts on average were expecting $2.28 billion. Applied Materials’ net income rose to $301 millionin the third quarter ended July 27, from $168 milliona year earlier. Revenue rose 14.7 percent to $2.27 billion.
Revenue in the company’s silicon systems business, which brings in about two-thirds of total sales, rose 16 percent to $1.48 billion.
OpenSuse Goes Rolling
OpenSuse, the free Linux distribution forked from Suse Linux Professional and the basis for Suse Linux Enterprise, is switching to a rolling release model.
The development change will see daily builds released to keep the distribution at the cutting edge of development.
Announced by the Opensuse Project on Wednesday, the rolling release model for the development version of Opensuse, which is called Factory, will shorten the stabilisation process for releases and eliminate the need for pre-release or “milestone” builds, the project said.
Opensuse board chairman Richard Brown said that the project team was hopeful that the move would lead to more users of the software and more contributors to the code, which would have a knock-on effect on quality.
“With a daily fresh Factory distribution making it easier for those who want to preview and test, we hope to see more users and contributors, leading to faster fixes and even higher quality. Factory is critical as it provides the base technology for Opensuse and Suse Linux Enterprise, which is used by tens of thousands of organisations around the world,” he said.
The new development model balances responsibility among packagers, testers and end users while putting more emphasis on automated quality assurance. As a result, Opensuse Factory is no longer just the development branch of Opensuse but becomes a reliable, always-ready working distribution, according to the project.
The move also means that Opensuse is following a similar development model to Fedora, the cutting-edge Linux distribution sponsored by Red Hat that Red Hat Enterprise Linux (RHEL) is based upon.
More information on Opensuse Factory can be found on the project’s online portal. However, at the time of writing this was still showing a notice warning that the Factory repository is not guaranteed to be fully stable, and advising users to download the current release build.
An Opensuse spokesperson told stated that this is because the Factory build is primarily for developers and those keen to see the latest developments, and is not recommended for production environments.
HP Increases SlateBook Pricing
Hewlett-Packard’s SlateBook 14 laptop with Google’s Android OS has started shipping on schedule, but it’s priced at $429, which is $30 more than the company had said it would cost.
The laptop, which has a 14-inch screen and Android 4.3, was announced in June. At the time, HP said it would be priced at $399.
It is available on HP’s website.
The SlateBook 14 was introduced after customers told HP they wanted laptops with Android. The laptop has an interface similar to that on Android tablets and can adjust mobile apps to run on the larger touchscreen. Users will also be able to sync laptop data with mobile devices and vice versa.
The laptop is also for those who rely on the Web for most of their computing, much like Chromebooks. It has a few advantages over Chromebooks, with support for key Android apps such as Skype. Android also boasts better wireless printing support than Chromebooks.
The laptop weighs 1.68 kilograms and offers nine hours of battery life, according to specifications on HP’s website.
It has a quad-core Tegra 4 processor, 2GB of DRAM and 16GB of storage. Connectivity features include 802.11b/g/n Wi-Fi and Bluetooth 4.0. It also has a webcam, USB 3.0 port and a micro-SD slot for expandable storage.
It could be a strong multimedia laptop with a 1920 x 1080 pixel screen and an integrated graphics processor that can handle 4K video. TVs can be connected to the laptop through an HDMI port.
AMD’s Carrizo Goes Mobile Only
AMD’s upcoming Carrizo APU might not make it to the desktop market at all.
According to Italian tech site bitsandchips.it, citing industry sources, AMD plans to limit Carrizo to mobile parts. Furthermore the source claims Carrizo will not support DDR4 memory. We cannot confirm or deny the report at this time.
If the rumours turn out to be true, AMD will not have a new desktop platform next year. Bear in mind that Intel is doing the exact same thing by bringing 14nm silicon to mobile rather than desktop. AMD’s roadmap previously pointed to a desktop Carrizo launch in 2015.
AMD’s FM2+ socket and Kaveri derivatives would have to hold the line until 2016. The same goes for the AM3+ platform, which should also last until 2016.
Not much is known about Carrizo at the moment, hence we are not in a position to say much about the latest rumours. AMD’s first 20nm APU will be Nolan, but Carrizo will be the first 20nm big core. AMD confirmed a number of delays in a roadmap leaked last August.
The company recently confirmed its first 20nm products are coming next year. In all likelihood AMD will be selling 32nm, 28nm and 20nm parts next year.
Is The Demand For DRAM Slowing?
Hynix has reported a slowing down of growth in the memory chip profits as it posted its first drop in quarterly profit in two years, casting doubt on medium-term revenue growth.
SK Hynix President Kim Joon-ho told analysts that the problem was a change in product mix and a transition to more complex production technology will crimp third-quarter shipments growth for the key DRAM business. Analysts are concerned that DRAM shipments growth will be increasingly limited in the latter half of the year, given the technology migration issues, which would lead to slower top-line growth. But Hong said such concerns were overblown, as limited shipments growth would help keep supply tight and support chip prices.
Hynix posted an operating profit of $1.07 billion for the April-June period which is not to be sneezed at. But that result was 2.7 percent below the same quarter a year earlier. The other problem is the rise in the value of the won, which toll on revenue, which fell 0.2 percent compared with the previous corresponding period. The currency on average gained more than 9 percent against the dollar during the April-June quarter from a year ago.
President Kim said growth in shipments of DRAM chips, mainly used in personal computers and servers, would slow to a mid-single-digit percent rate in the third quarter, from 13 percent in the April-June period. Shipments of NAND chips, typically used in mobile devices, would slow to a high 20 percent rate from 54 percent.
He said that DRAM market trends will remain favorable due to better-than-expected demand for personal computers as well as data centre-related server demand.
“The launch of new mobile products by major companies and the development of LTE-related demand in China will likely keep demand-side conditions firm,” he added.
Analysts played down concerns of a supply glut arising from the company’s plans for capital investment in the second half of 2015, and expected short-term earnings to remain firm.
Is Oracle’s Linux 7 Unbreakable?
Oracle has announced the release of its Linux distribution Oracle Linux 7.
Oracle Linux 7 is the latest release of the company’s version of its enterprise grade Linux flavour that is a fork of Red Hat Enterprise Linux.
This latest release adds a range of features including XFS, Btrfs, Linux Containers (LXC), Dtrace, Ksplice, Xen enhancements and the Oracle’s Unbreakable Enterprise Kernel Release 3.
“Oracle Linux continues to provide the most flexible options for customers and partners, allowing them to easily innovate, collaborate, and create enterprise-grade solutions,” said Oracle SVP of Linux and Virtualization Engineering Wim Coekaerts.
“With Oracle Linux 7, users have more freedom to choose the technologies and solutions that best meet their business objectives. Oracle Linux allows users to benefit from an open approach for emerging technologies, like Openstack, and allows them to meet the performance and reliability requirements of the modern data center.”
Oracle’s outspoken CEO Larry Ellison recently claimed that its servers were “untouchable”, two weeks after it released patches for 36 vulnerabilities in its Java platform.
The company recently won a court case against Google after successfully arguing that the APIs used in Google’s Android mobile operating system infringed Oracle copyrights.
The Oracle Linux 7 operating system is freely downloadable and distributed with updates and security fixes subsequently available from Oracle Yum servers. A paid option is also available for anyone wishing to buy Oracle support.
Oracle Linux 7 has a 10-year production lifecycle, or lifetime support for subscribers, with additional upgrade support available for users of the Unbreakable Enterprise Kernel.
Intel Reveals 750 Series SSD
During the 3D Revolution 2014 presentation held in Rome, Intel has showed its updated SSD roadmap unveiling the new August Ridge SSD 750 Series which will be available in multiple form-factors, including lately popular M.2.
Spotted by Techpowerup.com, the Intel SSD 750 Series will be aimed at both the consumer and the professional market segments and be available in three form-factors, including 2.5-inch SATA 6Gbps, mSATA 6Gbps as well as the M.2 form-factor.
The new 750 SSD Series will most likely be available in all the popular capacities, up to 960GB, and be based on 20nm MLC NAND flash.
Unfortunately, the roadmap does not reveal many details regarding the performance of the SSD 750 Series but does note that it should launch in Q4 2014.
Will MasterCard Sell Big Data?
June 23, 2014 by admin
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MasterCard Inc, the world’s second-largest credit card association, sees business booming from selling data to retailers, banks and governments on spending patterns found in the payments it processes, a top executive told Reuters.
MasterCard, which handles payments for 2 billion cardholders and tens of millions of merchants, uses that information to generate real-time data on consumer trends, available more quickly that regular government statistics.
“It is an incredibly fast growing area for us,” Ann Cairns, who heads MasterCard’s business outside North America, said in an interview, stressing that the company respects cardholder privacy, using anonymous data rather than personal information.
MasterCard does not give figures for its information services products but “other revenues”, which include the sale of data, grew 22 percent in the first quarter of 2014 to $341 million, outpacing the growth of total revenue dominated by payments processing, which rose 14 percent to $2.177 billion.
Cairns said clients for the data include retailers, banks and governments, with MasterCard tailoring it to their needs.
“Retailers are fantastic at using the data they have available about how people shop in their store, how their inventory turns over, but what they don’t know is what happens outside their store,” she said. “The data we’ve got is ubiquitous across the whole market. We can help retailers see what they need to do to capture more sales.”
Cairns, 57, a statistician by training who joined MasterCard in 2011 after helping manage the disposal of Lehman Brothers assets in Europe, revels in the insights real-time card data can provide, such as London’s popularity as the world’s top travel destination and a rise in spending on experiences such as eating out or going on holiday rather than shopping in stores.
MasterCard has recorded a spike in spending in Brazil on groceries and a drop in spending on luxury goods as the price of food has risen ahead of the World Cup, she said, the kind of insight valued by companies such as Nike and Adidas that are hoping to sell $300 soccer boots during the competition.
While MasterCard expands in “big data”, Cairns sees no slowdown in its traditional business of processing payments, with plenty of potential for growth as 85 percent of consumer transactions are still made by cash or check.
“Moving money and doing it safely and securely is so deeply cared about by so many people around the world that it will be a business that has fantastic value now and for years to come,” said Cairns, who previously worked at Citigroup and ABN Amro.