Yes, they should address this problem, they say bitcoin is decentralized but the exchange value against other currencies isn't.  |
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No tax to pay until you swap them for legal tender and then don't forget to remove your electricity costs, equipment costs, ASIC scam losses, to come to your final capital gains.
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Speculation of course... Yes, in hindsight I should have let them run at a loss.  |
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"No credit. From Germany. Weird/random picture. Probably a copy/paste job. Looks legit" Ask them to upload a photo with a piece of paper with their username written on it. Then at least you know it's in their possession. They also say they will accept escrow which means they won't get paid until your say you received the goods. |
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I shut them down after reward halving and opened them again after BTC $30
The market is pricing bitcoin as though ASICs don't exist at $40-50 GPUs are still profitable.
The heat is useful in winter and as long as it covers the energy bills keep 'em running until you have an ASIC in your hand.
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"It's being there for a while now (since the site redesign). They might still refund you if you ask." No it hasn't, the evidence of that is on the thread "BFL Fuck Us Over Again" https://bitcointalk.org/index.php?topic=150803.260It was added when they changed the delivery schedule from mid Feb to mid March and that was done today/yesterday. It does translate as "no refunds". For those that don't know they built a prototype board and tested it (yesterday/day before), didn't say how it went (despite asking) but they did do a poll of how people would feel if there were less than 4/8 chips but reached MH/s targets, then Luke-Jr was put on a flight over there at BFLs expense. Make of all that what you will. |
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Max Keiser has been pumping this thing for all it's worth this month. http://www.youtube.com/watch?v=_t39jCXXIrYThat goes out on RT RT broadcast through 30 satellite and 500 cable operators to over 100 countries, 25 percent of all cable subscribers worldwide. |
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Just noticed BFL's term of sale just became "All sales are final" (legal speak for no refunds!)
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don't laugh I put it in the oven for 30 min@160 deg C. I give it 3 months, hot sunny weather, and it'll be dead again. Baking never lasts. |
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Only LEGAL TENDER is recognized in the law. That's part of why fiat money has value.
You only have to comply with laws if you changing money into legal tender.
If you just trade Bitcoin -> PayPal -> Poker Chips etc. the regulations should be minimal.
But as soon as you add £ $ € symbols or equivalent prices that trade will be recognized by the laws and taxes of said currency.
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"do any of you have ideas about if we use a super server to make it work" Even the worlds fastest super computer Titan is just made out of graphics cards like every other non-ASIC person is doing. http://www.olcf.ornl.gov/titan/Your question should be, "how can I get free electricity"  because all we are doing is turning electricity into currency. |
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"do any of you have ideas about if we use super server to make it work" Even the worlds fastest super computer is just made out of graphics cards like every other non-ASIC person is doing. http://www.olcf.ornl.gov/titan/Your question should be, "how can I get free electricity" because all we are doing is turning electricity into currency. |
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try using the Sapphire drivers and not the Ati ones. Mine ran at half speed until I did that!  |
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The only ones I had problems with are XFX they cut to many corners and make the fan/heatsink too small on their cheaper end models. It's a ring heatsink that goes around the fan, but some times it's hidden behind a plastic cover, avoid those kind of coolers.  |
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