Bitcoin Forum

http://www.newegg.com/bitcoin

thoughts.

Holy cow. I thought it would be a bit longer before they implemented it - guess Overstock accepting it was a big turning point for them. Well it's nice to see more major retailers takig Bitcoin seriously, the more merchants there are the more consumers will be interested in it and possibly begin using it.

Great but we are still far from the customer adoption tipping point
Where is the killer app? Merchant adoption isn't it

Need Apple to change their stance on mobile wallet and payment application.

Excellent!  ;D

I definitely will use this for my next company purchases!

Holy shit! I go to sleep for 5 minutes and now this! lol!

Edit: Confirmed, news items are starting to pop up - http://thenextweb.com/insider/2014/01/10/newegg-teaser-suggests-the-us-online-retail-giant-may-begin-accepting-bitcoin-soon/

I will reserve my opinion until after I see BTC prices on newegg's site.
Until we see exact prices in BTC, we don't know which is cheaper: paying in USD or BTC.
BTC should be cheaper because it does not involve credit/debit cards.
chargeback is impossible.

so that explains why the price drove up 50 dollars today... insider information. probably doesn't have that much to do with the marshal auction.

this is pretty big news though.. much bigger than tirgerdirect accepting it. i think newegg has the clout to push the ball along.

Marshal auction is a non event, same for the senate hearing last year.

E-commerce news have a much deeper impact on price than anything else.

dam this is good news. to the moon:D

Good News!

Just how bearish can you be?

Even in a thread about good news you complain about the news not being good enough.

Wow this is huge! They have such large market share that this will drive other merchants to start accepting btc also, otherwise be left in the dirt. I'm surprised that TigerDirect actually beat them to accepting btc. Now... only if we can get Amazon to also accept it.

This is amazing news, the future is approaching.  ;)

oh yeaaaa +1 to Bitcoin

What is really great is that they have not just started accepting it, but they are educating people about it too

I'm waiting for the LG G3 price to come down a few bucks and I'll go ahead and buy it on NewEgg.

I did see that the price is a few percent lower on Amazon but the Amazon companies all ship from South Korea. Not sure if the phones are different coming from Korea or not.

This really is great news, could it be the reason why btc prices hit $660 since yesterday?

I wonder whose next amazon, PayPal(scratch that f**ck PayPal), ebay, walmart...

BTC acceptance from a company I actually use!
I finally get use it as a currency. That is assuming that NewEgg values the BTC acceptably.
I love their customer service. Makes me very loyal to them.

I want paypal more then anything.

great company, and am really excited to start buying with bitcoin there.. huge news...

http://www.coindesk.com/online-retail-giant-newegg-now-accepts-bitcoin/

this is big ;D

Even though TigerDirect was the first to accept Bitcoin in that industry, this is still very good news. Ever since Overstock started accepting Bitcoin earlier this year, many companies have begun accepting Bitcoin as well. Not only small companies but big ones like DISH and Expedia too. It seems like 2014 will be remembered as the year of Bitcoin merchant adoption.


I thought they did?

Bitcoin is the killer app - the first of many! Central banking and nation state scrip are the victims being killed.

The blockchain is the platform.

This is really huge. Newegg is a massive supplier of tech to Americans. It's taken them a while to come around, but it's clear they've done it in a big way. Look at that promotion.

It seems like companies are starting to fall like dominoes now. I wonder how much longer it will be until it's going to be the exception when a company doesn't take bitcoin.

This is seriously cool.  I want more and more companies to start following this, between this and overstock heck I can pretty much get whatever I need but groceries at the moment!

Newegg -> eBay & Apple -> Amazon.com -> 1,000 valuation -> People of China begin to realize their clueless government fucked them over -> Chinese reinvestment, this time permanent -> we're all rich.

Prophet Beliathon has spoken.

I figured this would be another joke thread, or another "I think Newegg should accept bitcoin don't you?" Good to see, another step forward.

Huge News!
NewEgg is big retailer and known retailer for computer user to buy hardware and peripherals ;D
I hope their decision to accept bitcoin as payment options will bring new bitcoin adopters
and i'm happy i can buy new computer hardware using bitcoin again ;D
i'll try buy new ssd from there using bitcoin, it seems they use bitpay for payment processor

First Tiger Direct now NewEgg!
1-2-3-4 I declare a price war!  :D

This is huge news actually. Newegg is 4 times bigger than Tigerdirect.

All of us should resolve to shop at Overstock and Newegg for all products competitively priced.  By collectively exercising our bitcoin buying 'power' - we FORCE other retailers into using this currency system too.  We are now a very big group.  

Please buy your stuff from Newegg!!

I second this, now Amazon is surely going to have to implement bitcoin payments.

I predict that by mid july or earlier ^^ this will happen. ;)

-BTC

Newegg accepting BTC is definitely awesome! They are one of the top places for PC parts!

Great news, but we need more consumer adoption!! What good is it if we have merchants accepting bitcoin but nobody to spend the bitcoins?

I thought this is another false thread but , hurray!!!! Another giant accepting bitcoin. Indeed this is enough to stop all chinese banning forever.



Why do you think people aren't spending their bitcoins?

let it be, hopefully the 9 btc im holding would give my kids the future they deserve.

lets go btc! opps back to work.

a lot of people will, once they realize is cheaper to buy with btc then a credit card.

$6000 bucks for your kids future?  That's all they deserve? 

talking about the future in price buddy, not in the present value of btc. 6000 could turn into 60k or 600k who knows!

There is no need for that step anymore.
It has already been proven that we don't need China anymore.

Bitcoin can grow with or without it and it's fake news /exchanges/ yuans.

Well, they are your kids, I guess you know what they are worth.  I figured most people would be willing to kick down a few more bucks when investing in their own flesh and blood.  Who is going to take care of you when you get old?

In some part of the this world 6000 means something like 30 wages.
Also..9 btc at 1000$ alone would make 9000$ (and that in any math all over this planet).

Well i wouldn't say no one is spending their bitcoins as even the ones who hoard their coins(users on this forum) do actually spend them but in small amounts

This is actually great news and terrible news at the same time!!

Great in that one of my fav stores accepts bitcoin, bad in that it will make me more bitcoin poor than I already am.  :)

There are a lot of people who just purchase bitcoin as an investment hoping the value will rise in the future. There are many others who will use bitcoin to buy things as it is easier then other payment methods

i understand bud, and of course i don't want put a value on my family and never will, is just a figure of speech when you talk about the future you want for your kids or yourself, we all wanna have a joyful life what we deserve, maybe in 10 years from now 1 btc would be 1 millon who knows, i know my investment in btc is little b/c i dont feel like putting all my eggs in one basket, but im defedendly looking to increase my holdings now that we have new egg in play, soon to see ebay and so on.

since this news came out, bitcoin hasn't really gone up much, which leads me to think the recent run-up prior to newegg's announcement = insider info speculating on newegg and not because of the marshal auction.

Not only do they accept it, they are also promoting it. Just look at their homepage :D

No , it's the usual move. Keep calm and hodl.
One bit of chinese news and we go down 25%. Newegg accepting it , after so many other business and we move up a cent.
Expedia episode allover.

I do find that Newegg's Bitcoin purchased return policies a bit medieval.  Gift cards only, pah!

Awesome development. I think this marks the beginning of a whole new phase of big businesses entering the Bitconomy.

In the next 6-12 month the number of multi-billion dollar revenue companies accepting bitcoin will more than quadruple.

Quote me on that.

Awesome!  My go-to site for tech stuff. 

In order for this to happen we would have to find some way to demonstrate to Amazon that they are losing potential profits by not accepting bitcoin. There has to be a threshold of loss that would make them implement bitcoin as a payment option. I don't know what that number is though. It might be very high. But I think we can count on Amazon to act rationally in a situation like this.

The only reason they won't eventually accept bitcoin is if they want to compete with it directly somehow.

Holy crap!  Newegg accepting bitcoin is absolutely huge.  I imagine it won't be too much longer before Amazon starts accepting bitcoin as well now.  Can you say domino effect?

Seems like they were waiting for the new law.  They announced acceptance a couple days afterward.

Amazing i didn't know this NewEgg store, they have beautiful prices and offers, i assume this page accepting cryptocurrencies will surely increase it's sales like Overstock did...

Indeed pretty amazing you didn't know about newegg :).
But now , I wonder , newegg has store in China. Will they accept bitcoin from customers in China also :) ?

Not if you aren't in the US or UK.  They don't exist anywhere else.

(OK, and China.  It's illegal to sell items for bitcoins in China, so probably not.)

It is ?
I thought that selling and buying products was not banned in that god forsaken country.

http://www.newegg.com/Product/Product.aspx?Item=9SIA4811N22567

Aww, decided to celebrate and get my dog a toy, but apparently you can't use bitcoin on anything.  I can't checkout with bitcoin with the above item.

I can't speak for anyone else, but personally I am willing to invest $0 in mini-me narcissistic clones. That's why I got a vasectomy, which was free. It was the second best decision of my life (after my pre-China Bitcoin investment).

Now I'm having loads of raw sex with my bombshell girlfriend and we are fluid bonded. Honestly RawDog, sex feels so much better without a condom.

When I am too old to care for myself, I'll take that as a hint that it's probably time to embrace the sweet release of death. Although my girlfriend IS 6 years younger than me, I have no illusions about the permanence of monogamous relationships.

Monogamy is totally unnatural for Homo Sapiens, after all.

I think it was more of TigerDirect accepting it.

Wow lots of good news coming all the time. I have been using newegg for quite while. Next time I need something from them I will buy bit coin to use.

hä? already happend.

I'm starting to think maybe "paypal" wont take btc, what they may be doing though is trying to purchase bitpay! ;)

Just a hunch!

For the sake of my wallet, please god, no!!!!

Well, for sure no items can be listed for sale in a bitcoin price.  It may be possible for them to accept bitcoin, but AliBaba was made to stop when they so much as hinted at it, so most likely no.

Awesome NewEgg accepting is big! Amazon would be supernova big but doubt we will see that soon.

I'll give you one guess why that might be.

Hint:

https://i.imgur.com/Kj8OVTO.png

Yea I saw that, but then checked some other toys as well. None of them had bitcoin as an option.  Guess howie doesn't get a celebratory toy :(

here's another one announcing it's going live (autumn) with Bitcoin !

This is today.

http://online.wsj.com/article/PR-CO-20140701-906106.html

Main engine ignition.

Expedia , Flowers , Newegg and the price is actually going backwards.
This happens when the price is decided by a few traders and whales and not by usage.

With overstock and newegg accepting Bitcoin we are sure to have prices go into the thousands by the end of the year.

Didn't Overstock send the price up by $100 or something?  Newegg news is way bigger

wait, how is it going backwards? few day's ago we were in the low 600's. today we near the 650's.

No it's hype buying.

Technically speaking - the more liquidity in Bitcoin the more the price will decline.  Merchants, when they get their hand on BTC, will dump to get $Fiat to pay their overhead, employees and taxation obligations.  Newegg does $25 billion in revenue but only has like $22 million in net income, so any BTC they get they'll be dumping within minutes.

It's no coincidence that after the Silkroad was busted that Bitcoin went way up, as there was no where to spend BTC but demand was persistent so the price went way up.

I don't remember the price moving that much on the Overstock news.

I think they did.  There is a Coinbase app now that looks like it sends and receives though I haven't used it.

They announced at WWDC that they would be allowing bitcoin apps I believe. Or at least in-app purchases with it.
http://tech.firstpost.com/news-analysis/wwdc-apple-may-allow-bitcoin-payments-for-app-store-purchases-225065.html

Great news, I love how they added the btc background banner on the homepage and some information on btc. Newegg gets millions of unique visitors monthly, surely this will get some more people curious about bitcoin. 

Adding Wall Street, and oil trading, those thousands will be millions !

All this great momentum for bitcoin! I need more freakin coins!

1-800 flower also accepting bitcoin.

We have to wait for the news to be properly confirmed first, so far this is only a rumour, when we see them actively using it on their checkout then it's news, the problem with these websites that suddenly declare they accept Bitcoin is they do a pretty poor job of showing it.

What? It is implemented, in fact Bitcoin is the first option available on their checkout screen.

Do you have to log in and register? :( Like I said, they're pretty poor at showing it, I had to point out to scan.co.uk they had left bits of their website without the Bitcoin logo on it though that seemed more of an honest mistake than anything deliberate.

http://www.coindesk.com/online-retail-giant-newegg-now-accepts-bitcoin/

It is confirmed that they are starting to accept bitcoin

I am somewhat embarassed to admit that I don't know what newegg is. I will find out now obviously. Never been a tech savvy person.

understandable especially if you don't live in the US or canada. if you do live in one of those countries, then you must be an old guy to not know what newegg is.

I dunno, there's also a big background on the front page that says 'Pay with Bitcoin - Learn How'. Not sure how you'd miss that, maybe it isn't showing yet for everyone...

If you're in the UK, could be why as the background might be geotargeted I guess.

You're missing the bigger picture here - it's not about liquidity, it's about Bitcoin's market share of all wealth in the world.

Every new business that accepts Bitcoin as a form of payment adds value by adding UTILITY to the currency - when this is public and major FURTHER value is added as more people realize this isn't some fad, and investment continues to increase.

This is true. The more people that use bitcoin the more legit of a form of payment it will become, which means more merchants will start to accept it, which means more people will use it and the cycle will continue.

Once enough people start to accept bitcoin merchants will be able to pay their suppliers and other bills in bitcoin

Not only that. Since bitcoin is price in USD, as USD losing its market share and BTC gaining market share, it has a double positive effect on btc.

More adoption and more recognition gives Bitcoin validation

Can't wait for the day Amazon accept BTC

I was sure I saw that once. It has never appeared again, though, even when I've tried different browser and different IPs. I was wondering if I had only been dreaming.

It's interesting that this would be huge news a year ago, but there has been good news so frequently that now it's almost ignored by mainstream media. It's just a constant trickle, which hopefully will make it slip into the usage of "common" people without them even noticing. BitPay is doing a great job for this on the business side, but we still need something similar on the consumer side.

I'm waiting for the likes of Amazon and Ebay, although this is great news.

er how to promote btc by setting aside some usd for that future newegg laptop (as an example)

or 'how to use usd and btc and pulling the trigger so to speak"

for you organized and far planning folk

.....buy bitcoin on coinbase...hope/wait for next rise (the usd you bought btc for at least mentally was for the old say laptop purchase on newegg) ...bide your time...

viola ..you have taken the usd you would have paid for the laptop on newegg.com but you waited..if really lucky btc goes up 1/3 on this set aside usd for a laptop..you make a killing

(too much planning)

but hey it is possilbe (if you are all like us and believe btc will go up ) kinda a btc 'faith/growth' kinda deal 'washing' your USD you'd use to buy laptop anyway in more valuable (hopefully) btc when you pull the trigger and get it from newegg...call it "get a coupon for ??>?  off via btc timing"

again I impulse buy so it won't work...for those of you with OCD it will work just grand......  :)

Searing

If only they had this at the end of last year or beginning of this year. I could have bought a bunch of mining equipment with them for scrypt mining, then use the proceeds to buy more mining equipment.

Is it US only so far?
I see no mention of it on the UK and Australia sites.

i think you see it on payment options when you buy something try a test of that

Searing

i wonder how much shipping to australia would be.
time for a new motherboard,
has anyone from australia bought anything before ?

not too surprising. Tiger Direct has been accepting it for awhile now and I am sure Newegg doesn't like loosing all their potential bitcoin customers to their competition.

From what I understand it is only in US right now, could be easily wrong but that is what I thought I read somewhere.....

You can always check yourself by making an account and then when you get to the payment part, if BTC is an option, I guess you can use it.

Wow , really ?

Now people can buy computer parts or mining rig with thier BTC straight from a trusted site  :o

Too bad they are shipping to us uk australia only.
But I still hope that the big guy will change it's view on bitcoin.

You know who I'm talking about:).

Crap...  already bought my gtx 660.... too bad I would have used my bitcoins for this.

Checked the UK and Australia websites.
There is no option for bitcoin payment at check out unfortunately.
Hopefully this will change in future.

On a side note, delivery in Australia costs a fortune.

Hopefully more sites will realize the potential ability to raise their market share by accepting bitcoin.

LOL! this community is funny.  Nope, they're not taking BTC.  They're taking USD from Bitpay.  Of course they're not actually gonna touch something like BTC, wouldn't make much business sense at all. 

is that the kind of thing you would have said about overstock too? newegg could eventually do what they do, and take out a portion of it.

Kind of a silly thing to say. You could say the same thing about any payment method that isn't cash in the mail.

"They don't actually take Visa, they let a 3rd party handle it and take cash from the payment processor."

"They don't actually accept Euro, they have their bank convert it and take dollars."

Etc etc for literally any payment method.

 What they do on their end is their business. People just want a choice in how to pay, and that isn't a bad thing.

I have never shopped at newegg, but from what i have seen about the company, it looks really good for BTC. I checked out the website, I like how they announce BTC adoption right on the homepage. A lot of the larger corporations that started accepting BTC (like Dish Network), did not do that...

If only NewEgg where competitive in Australia, more companies accepting Bitcoins the better!

You're ignoring a huge difference between real money and BTC.  A business cannot risk actually touching BTC, as their banks would likely stop doing business with them.  They also risk becoming a target of launderers, and thus risk criminal investigation.  Besides the wild fluctuations in value that make BTC as a currency very dumb, the rampant criminal activity in this community assures that no business will touch BTC except through shady VC-funded ops like Bitpay.   

man, you're from CA but never shopped at newegg? what is with that? outside of amazon, newegg is probably the biggest internet retailer in america. maybe you don't want to pay the 9% sales tax though.

You're getting pretty desperate to justify your outdated viewpoint, keep the blinders on, the world will move on without you ;).

Sorry for feeding the troll, I'll stop.

i'm not quite sure if he's a troll, but he's definitely wrong. overstock has hoarded some bitcoins, and im sure banks are still working with them.

hmmm... yet us election candidates can accept and touch bitcoins for donations to their campaigns and not have these same problems and risks ??

The idiot doesnt even know what real money is..... why even bother?

I swear i can teach my old dog a new trick b4 he would realize how dumb he sounded.

Banks court big business not the other way around.

Banks do court big businesses however they also have compliance teams and risk teams that can veto transactions and relationships that are too risky

Bitcoin expansion is continuing!

Has there been any news on how well newegg.com is doing collecting BTC now? curious?

Searing

Such a great thing to happen.  I am sort of looking forward to something breaking on my computer and paying to fix it in Bitcoin (wait....nevermind don't break computer)!

lol cpu smashed

doubt they'll release that info just yet. the latest will probably be the end of the 3rd quarter in september i think. i'm suspecting that it'll be good news, but not enough to influence the price of bitcoin significantly.

They may be able to give some preliminary information about early sales numbers. IIRC overstock provided I believe it was the first day's sales only a few weeks after they started accepting bitcoin

i posted this in the other thread, but it bears repeating.
WTF is newegg doing selling overpriced "mining packs"?

https://i.imgur.com/o7vxkoC.jpg

one of The things I liked about them taking BTC is the fact they showed it in big text/color in homepage. it wasn't just added to their payment methods "secretly" but they provided some more publicity for BTC within consumers -link to instruction, what it's etc...-

Amazing you haven't shopped yet, they have very good prices. Indeed Nice Bitcoin announce, they probably checked Overstock and realized the sales-increasing they had...

Once the few big company accept BTC, apple will change their stance.

Apple is so stubborn，I dont think that will happen in the near future.

They no longer accept bitcoins.
https://bitcointalk.org/index.php?topic=688652.0

That is crazy. Why would they stop accepting bitcoin?

They probably just wanted to get the free publicity.

I just checked. It's still there.

I've been waiting for newegg to start accepting BTC so I can build a new workstation and slap a paid w/ btc sticker on it. :D

I went to buy something at NewEgg today and I didn't find anything about bitcoin there.
I actually left feedback that I was disappointed.

Why did they stop?

I beat you to that dude - I built a monster Hackintosh entirely with bitcoin. But I did it through Amazon and Gyft.

When I went there it said the promotion had ended.

EDIT: It is still an option to use bitcoin to checkout, it does say that the promotion has ended when you go to newegg.com/bitcoin (the site must assume you are responding to a promotion when you go to newegg.com/[word]

I wish I had of found it! I was looking at checkout.

This is not true. If you put something in your shopping cart and try to checkout it will give you the option to pay in bitcoin

Newegg accepts bitcoin. Not their store fronts.

So accepting bitcoin is half ass dumb.
Example:
http://www.newegg.com/Product/Product.aspx?Item=9SIA1VJ0P07248

Add this and find out yourself.

Fantastic news and not just merely added, it's the primary payment option (first in the list of options!). Awesome!

Paypal please :p

Don't talk to me about Paypal!  hahaha!

This is awesome, hopefully a lot more online retailers will jump on board. If we could get more stores taking it, more people will use it.

wohoho easy to order some hardware this month :D

I just built a computer with all newegg parts just 2 months ago. With this news though I may be upgrading again rather soon.

These would be useless for mining Bitcoin directly.

However, they would be great for mining altcoins and exchanging them to BTC. You could also use them for gaming too, although the Sempron processor is a bit weak.

These setups are really no longer ideal for mining even scrypt based alts. Other alts are really too new and speculative to invest any meaningful amount in mining them.

Mining an altcoin and selling it on an exchange for BTC doesn't require any significant amount of investment in the actual coin itself. You could use a site like Coinwarz.com (http://www.coinwarz.com/) to find the most profitable coin for your setup, mine it, and then dump it on an exchange for BTC. It doesn't really matter what coin you choose to mine since you'll be getting rid of it anyway. It's just the short-term profitability that matters.

If you want to go through this route, then those Newegg mining kits would make sense. Not to mention they can double as a gaming rig when you're not mining.

Let's say Amazon gets around to accepting bitcoin. Only an idiot would then think that the millions of little mom and pops that also sell through Amazon but are completely separate entities handling their own inventory, shipping and finances would all also accept bitcoin.

Same situation here, just one level up.

Just about to make my first purchase on the site, and the only reason I'm using them is that they accept bitcoin.  :)

Omg. Omg. Omg. I've been using Newegg for ages. I absolutely love them, their support is awesome. Now I can use my BTC to good use.

Never heard of Newegg, but it looks pretty good. I'ma start using them, since they offer BTC. Any other sites like this that accept BTC as a payment?

If talking about computers, DELL shop accepts bitcoin payments directly from the company which is really awesome.

Good news indeed. I guess it's time for me to buy a new graphics card.

do they use bitpay?

I'm not sure, but judging by their instructions it seems they accept direct deposits.

Gonna buy several hundreds dollars worth of stuff on Newegg now, getting rid of all of my BTC. (: