I know I'm Necro'ing this, but I was recently thinking that I should try to get Just-eat Canada to accept Bitcoins. 

Have any of you met with success?

I've done my research into mining, don't worry.  I see it as more of a hobby then a moneymaker, so if I lose a few bucks, oh well.

I've also been sitting on these rings for a few years now, I bought them when gold was cheap, hoping that they'd appreciate in value.  So selling these, and getting Bitcoins, is just trading one investment for another in my eyes.

Where do you live? If you're in Canada, (BC specifically) then we're getting a group buy together for <0.25 BTC apiece

I have two rings that I've been trying to sell, so I can have some cash to buy a BTC miner!  So why not sell them directly for BTC?

You can see them here, no sense writing all that information twice.  Both are 14k gold.

White gold with 1 carat Tanzanite: http://vancouver.en.craigslist.ca/bnc/jwl/3994979683.html

Yellow gold with 0.26 carat alexandrite, and two 0.02 carat diamonds: http://vancouver.en.craigslist.ca/bnc/jwl/3994978103.html

Make me an offer I can't refuse!

I like the idea of Coinchoose, the idea is excellent, being able to compare different coins for profitablity.

However, I think we should have one for real currencies!  Line up Euros, CAD, USD, Yen... All the major currencies, and see how they are relative to each other, same way we can see how cryptocurrencies are relative to each other.

The main use I can think this would be good for is exchanging currencies.  I know one of the great thing about bitcoins is the ease of transfering money across borders, buy turning CAD to BTC to Euro (for example).  So, if we had a comparison chart (like coinchoose!) we could see what the best exchanges would be!

I'm no programmer, so I'd have no idea how to implement this, but if the guy who runs coinchoose sees this... I'm sure it wouldn't be too hard to copy the code and have it watch real currencies instead of cryptos

In the spirit of Coinfest, and trying to attract new people into Bitcoins, we're doing a group buy for Canada!

We're selling Eruptors for 0.25 BTC each, plus 0.02 for shipping and GST.  If you buy in bulk (10+) the price will be lower. We will ship anywhere in BC, if you're outside we can work something else out for shipping.  If the price drops again, we'll lower the cost.

We're going to be doing promotions at Coinfest (https://www.facebook.com/events/305766732893569/?ref=br_tf), and collecting more orders then. We will send out the order on Sunday night, and will receive the Eruptors in that week.  Then, you can come visit the Bitcoiniacs store (http://www.bitcoiniacs.com/) and pick up your miner if you live in the Vancouver area.  Otherwise, we'll ship them to you directly on Monday (the 16th of Sept)

Email me at bryanhellard@gmail.com for more information and to place your order, or post in this thread.

Should stick with International notation, milli and micro.

1 BTC = 1000 millibitcoins (mBTC)
1 mBTC = 1000 microbitcoins (uBTC)
1 uBTC = 100 satoshis.

Right now is a good time for millibitcoins, 1 mBTC=~10 cents.

Dont think about getting a miner until you do some serious research and understand the difficulty changes and how that relates to network power.  The bitcoin wiki https://en.bitcoin.it/wiki/Main_Page should help you out here.

Now is an interesting time to get into mining, it's highly speculative and there is huge potential for epic losses, and not so much chance for epic gains.  Be wary with your purchases, and do your research.

There is lots of information out about what your asking, so people (like myself) will be hesitant to spell it out for you when you can do the research yourself.

So if bitcoins are the next "quality currency", are they better then gold because they can't be "diluted"?

It said 20$ worth of bitcoins.  And it's rewarding 5 people, so I'm guessing they're giving out 0.2 BTC

Well, if you're expecting the value of BTC to rise, you'd be better off just buying BTC and holding.  Now, I like mining and think that holding BTC is boring, but economically, that's the best.

Say BTC are 100$ apiece, and you spend 2 BTC on a miner.  That miner only mines 1 BTC!  But, luckily the price of bitcoins rose to 200$!  So even though you only mined 1 BTC, and spent 2, you still make your fiat back.

But wait!  There's more!

You would have been better off buying 2 BTC, instead of a 2 BTC miner, and then when the price rose to 200$, you can sell those BTC for 400$ total!

Yes, you can try to resell your hardware, but once it's no longer profitable to mine, noone will buy.

So if you're hedging on the price of BTC to rise, you're best off buying and holding BTC.  A miner must make its BTC value back to have been profitable (if you bought with BTC).


That all being said, I just bought a block eruptor for 0.49.  It may never make that 0.49 BTC back, but that's ok, I just wanted a miner to stay in the game with. That 0.49 BTC was mined with free electricity, so it's a free eruptor!

Good thing group buys are easy to get into. Contact Canaryinthemine or teek

Exactly.  If they're a scam, I've got nothing to lose.  If they aren't a scam, I've got an early order in.

Let's hope it's here by Christmas!

Buy a few Block Eruptors (maybe a 5 pack to get a bit of a discount), get a Raspberry Pi, and a nice powered USB hub. 

Hook it all up into a rig that will consume <30 watts of power, so you can run it for pennies a day, and leave it on for a year.  You might get lucky and make ROI.

The good thing about Block eruptors is that they take so little power, you can run them until the difficulty hits about 750 million, before they start consuming more power money then they produce.  If you can set up a super power efficient rig, you may get lucky.

This is a small investment suggestiong, assuming you have ~200$ to burn, and are OK with maybe only making 100$ back.  From my calculations, you can make ROI on block eruptors still, assuming you can run them for a year.  the difficulty can't rise forever, it has to level off sometime, and I'm placing my bets that it will level off under 750 million at least until you can make ROI on the eruptors.  Maybe next year, when the next gen ASICS hit the market, the difficulty will skyrocket too high.

And yes, you could just buy a few bitcoins and hold onto them, but that's boring If you want to get in as a hobby, go for a few eruptors and be content with only making half ROI (that's realistic, though I believe you'll make full ROI).

If you want to get into serious business mining, try to buy an early BFL preorder (back from late 2012) and hope that you get lucky on getting it delivered. Otherwise, pick a new company and hope you can get an early preorder.  I've got an Xcrowd preorder in, I'm hoping I can get some good stuff going with that.

What are the chances of bring able to use a relay and connect the arduino to turning of the fuse directly?  Connect all comps to the same fuse, and away you go.

+1 for using a Raspberry Pi.

You might want to get a powered USB hub, just in case.

I don't really see the downside here....  I'm guessing that they have a stock of bitcoins that they're wanting to give out, not planning on mining them to give them out.

Besides, isn't IndieGogo one of those sites that doesn't take your money unless the campaign is successful?  So by backing, you just say "if you raise enough money, then you can charge my credit card for 25$".  So, it's not even a risky investment.  You offer them 25$, they fail their campaign, and nothing is lost, or else they succeed, and have to give you a bitcoin.  If they don't, they get in trouble for not fullfilling their rewards.

EDIT:: About them already having the coins, I take that back.  If they get $6500 in 25$ increments, it takes 260 coins.  So if they had the 260 coins, they'd just use that $26 000 to fund their project.

Here's in Canada

http://www.wtcr.ca/catalog/bitcoin-mining-asics

Because new, better miners are entering the network, causing the total network power to skyrocket, causing the difficulty to skyrocket.

It's going to keep going up for a long time....But It'll level off eventually

So I preordered a miner, and I have yet to pay for it... So I'm happy.  I can just wait and see and when they actually try to take my money, then I can see if it's a scam.