When will the Euro cards be available? Dont mind using a dollar card to test this out, but the fees will make this pretty expensive to use in Europe.

Sent you an email to remind me of my birthday :p


About a week I think.


Yes, it has Mychoice on it. TBH, it looks better than the one on the first post,  but its not branded with your company.

I received my card today. A few things where unexpected.
First of all, the card actually carries my name, which is cool but some may not like. Those polish cards were all generic and "anonymous"
The card is actually issued by https://www.mychoicecorporate.com/company/
Which at first glance seems legit.
I got no pin, but it states I have to call mychoice in the UK to activate the card. The letter states I will have to confirm the card number and my date of birth. I dont remember giving the latter when I signed up (and it may not have been my actual birthdate), but we'll see.

Bitfury is still among the most power efficient chip, achieving ~0.75W/GH at the wall. So far only Bitmain is doing significantly better, and only since a few weeks. So it all comes down to their electricity cost.

You will note however, that even KnC has not shut off their miners, despite considerably worse efficiency. Clearly they still think its operationally profitable.

Oops, indeed I meant that ponzi instead of the other ponzi..

Seems like cloudminr.io just collapsed. Surprising absolutely no one reading this thread.

With these polish cards, you could check the balance by SMS if knew the last x digits of the cards. Instructions for that where in a separate letter (not in the tamper proof envelope) , so whoever sold the card would have had access to those balances. But not to the funds (no pin code, no CVC, possibly not the entire card number).

So they got no miners, but a toilet where they can flush your bitcoins ?

Still waiting

Thats most likely what MtGox wanted to do. And then the price went ballistic.
Bitstamp doesnt didnt lose $5M; they lost a shitload of bitcoins and as long as they dont obtain them, their liability has no upper limit.

Kano, Ive not yet received my card from this company, but like I said, Ive had many of these prepaid visa cards, they all work alike.
Those cards are actually managed by the issuing bank, not by e-coin. e-coin will only fund the card for you, via SEPA / wire transfer. The cards normally come with the code in tamper proof envelopes produced by VISA themselves, without that, ecoin cant do anything with them. Well, other than fund the card, but anyone can fund them, as they have their own bank account numbers.

These prepaid cards are nothing new, the only novelty here is that ecoin will manage a bitcoin balance for you and do the btc->fiat exchange and transfer it to the card for you. Well, that and the fact they may have found a bank that doesnt block these cards (yet) when used for bitcoin.

You seem to be "upgrading your back-office" on average 5x per day.
And even if that where true, you should put a notice on the front end that its planned outage.

The idea is the same as those Polish prepaid visa cards, of which Ive owned quite a few. They work fine, be it with similar restrictions in terms of limits, the only problem is that the issuer (mbank) recently changed its terms and prohibited using the card for bitcoin related activities, ie, if you fund the card through a bitcoin exchange, they block the cards. AFAIK, that was an mbank decision, not VISA, so its plausible whatever Granada bank ecoin is using has different policies -for now. I will say there is a serious risk of these policies changing, I dont think Id want to bet my company on this. For this reason I also think ecoin should disclose what bank they are using.

As for the balance, with these polish cards, you could send an SMS to view your balance, or you could register the card and you'd have a webinterface (never tried that). That service was provided by the issuing bank. I suspect something similar here, but we'll see.

Lastly, about the russian, the linkedin profiles of the people behind this where posted, they are all from russia originally.

EUR cards no longer or not yet available?

You can send my 1BTC here: 1KM5LnpqdJD9jUGkLvA6d7qQN6gpjZCUJS

AFAIK Zoomhash are not paying out for the same reason cryptx and cex.io are not paying out: mining revenue < fees.
While Ive not rated them, from what Ive seen they appear to be honoring their contracts. Dont blame them for not reading/understanding what you bought.

ok, lets see what happens. Can you pm me a beta code invite thingy?

Added. It ended up scoring 'only' 4 points, despite there not being a shred of evidence they own any hashrate. OTOH, its a fairly small IPO and cryptsy has more to lose than to gain by robbing customers over 140TH. That is, if you trust cryptsy. One important thing to note is that they give no information on fee structure, so its anyone's guess how much they will pay out going forward.

scrypt.cc was added too, scoring a solid 6 ponzi score. Their domain registration info is not hidden, but also impossible for me to verify (street view shows what appears to be a garden), there is no company registration info, so I rated them as if anonymous.

Most legitimate companies have more to lose than to gain by disappearing, because of a variety of reasons, the most important one being accountability. Im not yet convinced you could be held accountable if you decide to run one day. But here is a thought, again based on escrow: put a non trivial BTC amount in escrow, to be released to you after x months, or to be used to compensate victims if you turn out to be a scam. In the line of business you're in, you should be able to afford more than a symbolic amount for this.