Password hash

[eluser]someone [/eluser]
[quote author="someone " date="1340715228"]I have tried bcrypt and it works well, but after reading of articles I don't know what to use now. Some says it's better to use bcrypt (crypt() blowfish) but others then tell me, that is easy to put site down because crypt() use a lot of cpu.

What's now true and do you recommend me blowfish or sha512 (again some are saying that blowfish is better)?

EDIT: Is blowfish always 60 chars long?[/quote]

I'm still interested into this two questions, so if anyone know, please reply.

What about storing hash into database as in the linked article - is this secure?

Thanks! :-)