I offered to sell an item with 10% reduced price if thwy would pay in bitcoin .

Here is the result



MC018 Listing policy violation alert: Accepted Payments



Hello madscientistpaul,
After reviewing your eBay account, it appears that you have violated eBay's Accepted Payments policy. As a result, we've taken the following action on your account:
- Violating listings have been removed. A list of removed items is available further down in this email.
- We have credited all associated fees except for the final value fee for your listing(s).

Discouraging buyers from using a payment method that is offered on the listing page is not allowed. Sellers may be required to offer PayPal or a merchant credit card as a payment method.

Sellers are required to accept payment from buyers via the payment methods offered in the Payment Details section of their listing. Sellers are not allowed to discourage buyers from paying via these methods.

Sellers shouldn’t tell buyers they only accept certain forms of PayPal or certain credit cards. If you offer PayPal as a payment method in a listing, you are required to accept all forms of PayPal payment options without restrictions.

For more information on accepted payments, go to:
http://pages.ebay.co.uk/help/policies/accepted-payments-policy.html
You Stated ? I will offer a 10% discount if you can pay in Bitcoins ? . The listing description should not any way discourage buyers from paying by one of the methods that they offer. PayPal is not only convenient to use, but it also offers buyers and sellers protection assistance against fraud, chargebacks and theft of financial data. You mentioned ? Your bidding PER litre.I have 80ltrs ? in your listing. Sellers are not permitted to place conditions that require buyers to purchase additional items or services outside of eBay. As eBay makes its fees based on the insertion price and the final bid price of the listing the conditional required amount the buyer needs to pay after purchase goes directly to the seller which is considered as fee avoidance. You can relist after making necessary changes in the listing. I've noticed this is the first time you breached our policy, please take some time to read our help page below. If you have any further questions or doubts, please do not hesitate to contact eBay.
If you have more questions, contact our policy experts:
http://ocsnext.ebay.co.uk/ocs/home

Please be sure your future listings follow these guidelines. If they don't, they may be removed, and you may be subject to a range of other actions, including restrictions of your buying and selling privileges and suspension of your account.
Here's a sample of the listings we removed. To see the full list, go to My eBay, click the "Activity" tab, and then click the "Unsold" link under the "Sell" heading.
171134966815 - Used Vegetable oil
We appreciate your understanding.
 
Regards,

eBay Customer Support

Does not look like e-bay are friends of bitcoin

Thank you will keep an eye on it

Looking at various exchanges MTgox seems the most expensive to buy bitcoins from.
If I understand correctly currently the platform only supports MTGox ?
I would like to Buy bitcoins from the cheapest exchange .
I would also like to sell on MTgox .

I need a platform that can have multiple feeds of the exchanges used by 
http://www.coindesk.com/coindesk-launches-proprietary-bitcoin-price-index/

Will this be possible soon ?

Thank you Dr Haribo for taking the time to explain the concept ,

I initially did the research to determine a pool ,but when it came time to physically put my asicminer to work I found I was unable to get it to function in what I felt may be a suitable pool .
I found a video instructing people how to easily setup my little miner in the Bitminter pool and to be honest the interface of the software is very cool it is like a gaming dashboard with some really nice information included .as soon as I downloaded the drivers and software client it basically did everything for me which was not the case with the other pool so I think I will build my little miners and send them down the Bitminter mine lol.

I appreciate you peeps helping me understand.

Not sure lottery is a fair comparison since not many if any win twice even in pools of 1000's of factory workers .
But yet 13 pools averaging 637 lottery tickets  have in a one week  won our bitcoin lottery 1322 times.
This is far from a lottery this is the result of a complex mathematical algorithm controlled to results in a payout every 10 minutes ,a lottery can go for long periods of time and on most occasions resulting in one payment to one individual.
Considering these facts what has bitcoin mining got in common with a lottery apart from who in a short period of time will be allocated the winning ticket ?

I wish the lottery had a mechanism to regulate the payout to once every 10 minutes perhaps I would not be here lol.

Is variance not the randomness of blocks mined ?

If so it would not affect what I see as efficiency per block .

I see Slush found more blocks per ghs .

BTC is 5 times larger but is on par with 5 other pools for returns per gh.

If my data can be proven over a longer period of time 1ghash would be better ultilies in the 3 better performing  pools and may help miners to look at something other than hash power alone .

It is not in anyone's interest to have one pool become over dominant .
I hope a different viewpoint can help to attract miners to spread the power knowing that there gh's are at least even in returns with possible higher returns for joining the smaller pools .

If someone gives you a specific answer I would also like to know how to turn water into wine and next weeks lottery lol

I had not noticed it was one week ,thank you eleuthria ,maybe I can find a longer history .

Thank you Dr Haribo for the link but there are only couple posts discussing the merits of pools .

What I was referring to was that even though BTC Guild has the most Blocks discovered does not instantly mean it is the preferred choice for a small new  miner .

I suspect a lot of new miners think big is better and of course that could have been the case .

My findings suggest that,
Slush's pool over the 100 blocks found took 580 ghs of power per block .
While:
BTC    pool over the 465 blocks found took 619 ghs of power per block.


When your pool find a block my share of the block would acoount for a larger percentage of the reward .

It was surprising to find the largest pool equal to some of the smallest pools in hashing power required to reveal a block exactly 617 ghs that was not expected by me.

The top pool BTC has 5 times the power of Slush's yet produce 4.5 times the blocks .

So it seems based on the graphs provided 1gh works more efficiently in slush's pool than any of the competition so far .

Obviously history is not the best forecasting tool but it is all we have as far as I can tell .

It would be interesting to find out what all the 617ghs groups have in common since blocks are said to be a lottery the hash rate to find them seems to have some common ground .

This is the information I was basing my research on :-

https://bitcointalk.org/index.php?topic=104664.0

I assumed it was over a long period of time since one pool alone had 465 blocks .

My hash rate is only 400mghs yet lol .

Still cannot figure out how to get an asicminer working

Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .

I eventually got the drivers installed and the usb stick plugged in .

But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .

But if I open open slushes website there is no such software it is just a place to register new workers .

Is there any videos of someone setting up a usb stick to mine on slush's pool .?

any help would be appreciated ty.

I prefer videos to a wall of text tbh .

Hello ,
I got my Asicminer today and was figuring out which pool would be best for my miner .

I have been trying out mining with my graphics card gtx460 for a few days to see how it all works .
I watched a video and the guy showed me exactly how to set up my GPU to get on Slush's pool so thats what I did .
But now I got something 5 times faster and uses much less power I wanted to make sure I was using it efficiently and to set the foundation for future miners .

Lucky for me Slushes pool seems to be top of the list for efficiency.

There are some small pools that are as efficient but I trust slush's pool so no reason to try others .

Using the data on the pie chart we have :

POOL               Ghs  per block found   

Slush's pool       580
Eclipse             590
Giga's              593
50BTC             617
Asicminer solo   617
Discus fish        617
Ozcoin             617
175BTC.com     617
BTC                619
P2pool            645
GHash.10        674
Bitminter         715
Eligius            787

Although BTC Guild has the most Ghash powerand the most Blocks found Slush's pool finds more blocks per Ghs of power .
Since I'am only ever likely to have a couple Gh's of power I think Slushes will be the best for me.

I'am very new to bitcoin so any comments or advice would be very welcome .
Especially if I'am talking out my bottom.

Looking at the MTgox chart we look like we are done with The $100 dollar channel .

We have Strong support at $120 and have from sept 1 tested the $150 lower channel getting resistance at $148.

Personally I would say for speculative traders averaging in as close to $120 would be cool .

No one knows when $150 will break but as the buy level rises $150 will come under pressure and if the fundamentals stay constant . $150 will break we could see $1170 quickly at which point a short term speculater would be wise to sell and be looking to average in around       As close to $140 as possible .

Has anyone found a correlation with oil and Bitcoin ??

Oil is the life blood of the global economy and can act as a leading indicator for short term trading .

If we can find a correlation with a commodity we could give ourselves an edge .

I was just thinking though ,
My suggestion was long winded but any thing to the right would be simply :

S= satoshi .

eg 1,320s
25,623s
345,699s
1,345,699s
25,456,789s



and to the left

2Btc
30btc etc .

while say sterling has a format 0.00 left = pounds, right = pences .
Dollar has 0.00, dollar to left ,cents to right .
The peoples currency could simply be :
BTC to the left satoshi to the right

BTC10.99
would be simply 10.99 btc
and without full BTC's in the transaction just like £ we will simply have satoshis(s)

These days abbreviation and speed seem to be priority .

Just throwing it out there

Ok lol it was just an idea .

From my reearch on currency charts globally Predicting tommorows price is like gambling .

Every currency has psychological barrier levels .

$100 ,$150 are the current levels .

15  above and below is is likely to be repeatedly tested before a move higher .
.

I will refer to mtgox since it has the largest cap .
This is a new currency and and still maturing but the psychology will be the same for traders.

I have not researched the fundamentals of bitcoin but I will lol .

But without  major events affecting price I can give an overview of likely buy sell areas .

Check out $100:00 level .

We seem to currently have support now at $120 Buy as close to that as possible .

Since sept 1, we have tested resistance approaching £150 but people seem to currently sell approaching that level and are buying heavily at £120 .the more £15o is tested the weaker it will get  ,once broken we could see a spike but £140 to £160 areas will be likely tested over a period of time so buying £140 and selling $160 would become nice buy sell levels to make short term gains on a daily chart .

Since leverage in bitcoin is very small and you if do not panick on a spike sell off there is potential for extra profit apart from the buy and hold deal .

To make short term gains in fiat is very difficult and requires extreme leverage and risk since the big boys play there .
true volume in fiat is limited for small players .
Real market depth is not available to small speculaters .

So to be honest day trading fiat is more of a casino since the tools to trade efficiently are withheld .

I see opportunity in Bitcoin if we have full access to market depth and true volume .

I'am new to bitcoin but hopefully we can free ourselves of manipulated corrupt markets and possibly return to honest market price discovery .
Once the whales become more involved small players will lose this opportunity but for now we have a chance at least .

Thank you .
I believe as the market cap rises and The central banks keep weakening currencies globally .

One satoshi will be worth a British penny within 10 years .

At  that point we will all be millionaires ,unfortunately a tin of beans will likely cost £10,000 or a few  satoshi.

.01 satoshi is worth pennies in 4 years .

I firmly believe .001 will be worth pennies within 12 months .

Once a large foodstore starts to accept bitcoin .001 to a penny will happen real fast .

1BTC for £85:00 will be laughed at in the next 4 years .

Hello ,

I read a few posts and when people posts in a " 0.00005 " I have to close one eye to read the zeros especially when they do not put zeros after the "5" lol.


Would it be possible for forum goers to assume anything to the left of the decimal  is a BTC  and to the right is a satoshi ?

To save my winking at the screen We could have a format :-

1btc ,10btc, 100btc etc...

 To This ------>                1satoshi         ,10sat,    ,  100sat     1Ksat ,    10ksat,   100ksat,     1milsat ,   10milsat;
                                          ^                   ^            ^             ^           ^             ^             ^           ^                                                                                        ^                                        ^                   ^            ^             ^           ^             ^             ^           ^
 This --------->               .00000001 ,    .0000001 , .000001,   .00001   .0001         .001            .01             .1 
...
Just my humble suggestion after reading various threads.

What do you peeps think for my first post ?