I'm trying to stay around $100. It's a little too close to Halfsies Day for me to be plunking down $1k on a rig. I'm more or less piddling with mining. I just want to do a little faster than 9Mh/s.
Your dilemma can be resolved with a simple bit of math. How much do you pay for electricity? |
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I ended up doing the trade with him. We'll see how things go, but I have the money in my paypal account now.
Chargeback in 3..2..1.. A consumer can't initiate a MoneyPak chargeback, but a report of fraud can cause Green Dot to ask for the receipt proving you bought the MoneyPak yourself. There's a piece of malware going around (FBI MoneyPak virus) where your system is held hostage until you pay off the ransom with a MoneyPak. I can imagine the authorities working with Green Dot where they have some MoneyPak codes that will be accepted but because they were obtained through fraudulent means would later be reversed. Here's more on the scam: - http://www.gamersdailynews.com/story-29007-How-FBI-Moneypak-Scam-Victimized-Me.html |
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So, in view of the latest developments, seems like it's time for BitMarket to institute some kind of a 2-factor authentication also.  I would prefer a 1-time code via sms. Does BitMarket have plans for that? Yes, we have plans for that, but because I'm on vacation, you will have to wait a bit for it  . It will be based on the same process Google uses for it's 2-step auth. Does BitMarkte.Eu offer multi-factor auth? [Edit: Inner quotation presumed from message context.] |
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Hi Stephen,
You weren't able to withdraw bitcoins before the security breach? Can explain this more how is that possible?
Sorry, that wasn't clear. I'm still unable to withdraw my bitcoins that were deposited before the September security breach. My ~30BTC coins, and others with about 24,000 BTC in total still show "hold". |
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does anyone know how i can get bitcoins in the uk?
i have a moneybookers account or by visa card?
About the only method to buy using MoneyBookers/Skrill is through VirWoX. How that works is you buy Second Life Lindens (SLL) with MoneyBookers, then convert those to BTCs and then you can withdraw BTCs. With being a new user and using credit card there is about a day delay before you can withdraw, as they complete fraud checks. I don't know if the same applies for MoneyBookers/Skrill. - http://www.VirWoX.comHere's a method of buying bitcoins from the UK. BitInstant now has an online bank transfer methods which supports a couple dozen countries, including the UK: For Bitcoin in the UK, BitInstant just released an online bank transfer system. This has not been publicly announced yet, but it works, and is very fast.
On BitInstant.com, select your UK flag (You can see many other countries are available for this as well), then select Online Bank Transfer and go through the process. You can have the funds converted automatically into BTC and sent to your Bitcoin account, so you don't even need to bother with any exchanges. Fee is 3.49% if over $100 worth, and 3.99% if under.
EDIT: note that these bank transfer payments are nearly instant (matter of minutes). It does not take 1-3 days like most bank transfers. It's pretty baller, actually - http://www.BitInstant.comBlockChain.info now accepts funds from Barclays Pingit: - https://blockchain.info/wallet/deposit-pingitAlso, you can send cash (GBP) in the mail to Bitcoin Nordic (in Denmark): - http://www.BitcoinNordic.com And, or course, there may be a chance for a local trade: - http://www.LocalBitcoins.comThere may be other methods that work for you as well: - http://en.bitcoin.it/wiki/Buying_bitcoins |
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Now I am imagining an alternative crypto-currency that allows people in low kwh areas to effectively sell their kwh through mining a coin and selling them to someone where their costs are high who then can redeem it for their electricity payment.
Currently, there is no "Credit Society" to backstop these obligations. However, there is a risk for borrowers who need to repay loans by acquiring kilowatt-hours, which is that the price of a kWh note may change as electricity prices rise and fall.
Repayment of these kWh loans would be the responsibility of the individual borrower, but in the event of default, the larger Credit Society would repay the Kilowatt Cards owed. So you are buying an insured contract where you own paper electrons. We know where this ends. - http://www.kilowattcards.com/template/page.cfm?id=109 |
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Do we have to worry how we will obtain our bitcoins? Intersango was one of just four exchange methods that accepted Dwolla USD as funding methods. Intersango was the only one that ONLY accepted Dwolla. So now there are three. - http://www.MtGox.com - http://www.CampBX.com - http://www.BitInstant.comAlso, there's nothing stopping you from doing a person-to-person trade using Dwolla, if you can trust the counterparty. Bitcoin-otc can help lessen the risk a little. Dwolla isn't as easily reversible as PayPal (as there must be a fraudulent claim made) but the risk is above zero, thus should be considered before trading your bitcoins for Dwolla. |
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Which BitFloor issues are you referring to?
I am still unable to withdraw my bitcoins [edit: deposited] before their September 2012 security breach. Therefore BitFloor is technically insolvent. They are registered with FinCEN as a money-service business in the U.S. Thus I assume they are not immune to U.S. courts and U.S. bankruptcy laws. Thus technically, your funds held by BitFloor are at risk. - http://bitcoin.stackexchange.com/a/5023/153 |
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If it were me, I would grind on them a few more weeks.
If you pay average price for electricity or less (e.g., $0.12 per kWh) then mine away for the next seven weeks, assuming you don't need to make any additional purchases to get it operational. If you pay way over (e.g., you live in California, Europe, etc.) then cut your losses and sell the hardware sooner rather than later as there is little profit from mining for you. If you think the BTC exchange rate will rise, then use the proceeds of the sale to buy bitcoins. |
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I have the impression that, if your node is not listening to incoming connections, bitcoind will not attempt to establish more than 8.
Can some one confirm that?
Correct. The Bitcoin.org client will made eight outgoing connections. So either the client isn't configured for UPnP or the network doesn't support it or the network (or local system's software firewall) is restricting port 8333 traffic from reaching the client. |
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Forget about the mere difficulties of obtaining and trading bitcoin for national fiat currency in Iran — without the client software, they are not even there yet. On a related note: Now that there is a 100% Farsi translation of MultiBit I have improved the right-to-left layout.
It is not perfect but I think it is now usable.
Screenshot in Farsi:
[...]
I plan to get this released this week.
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As Inflation Rages In Iran, Bitcoin Software Not Available by Jon Matonis The regular people of Iran have had access blocked to certain open source software sites for downloading applications such as Bitcoin.
[...]
The 20-month-old blockade hasn’t been instigated by Iran’s mullahs but by the U.S.-led embargo which prohibits certain persons from receiving services via open source hosting sites.
[...]
Forget about the mere difficulties of obtaining and trading bitcoin for national fiat currency in Iran — without the client software, they are not even there yet.
[...]
Source code can also be distributed in text-based form like a PDF or scanable book which is what MIT did for Phil Zimmermann and later what 70 international volunteers did for the PGPi Scanning Project in 1997.
[...]
More and more, the Bitcoin Project is starting to look like the Pretty Good Privacy (PGP) secure email program with each passing day. - http://www.forbes.com/sites/jonmatonis/2012/10/09/as-inflation-rages-in-iran-bitcoin-software-not-available |
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I actually sat in on a presentation last week from AMD. One of the things they talked about was this , GPGPU and the first thing I thought of was Bitcoins...
Well, CoinLab, for instance, is building a client meant to offer GPGPU cloud computation service and is hoping to draw from Bitcoin mining's excess GPU capacity (which will greatly expand once either "halving day" (block 210,000) arrives or ASICs start shipping in number. Oddly, AMD GPUs yield more of their loyalty points now than NVidia, but once GPGPU computation rather than mining is the desired activity, NVidia hardware will yield better. So, if you have both AMD and NVidia, perhaps mining today through CoinLab will build up enough loyalty points to then be able to further milk the NVidia cards after halving day. - http://bitcointalk.org/index.php?topic=99643.0 |
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This works now if you have MultiBit or Armory. And now also on the Bitcoin-Qt client running on Windows (re-enabled with v0.7 of the Bitcoin.org GUI client) |
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This post would really be more appropriate under the Mining Speculation board. The way BitcoinWatch does its estimate has been pretty accurate: - http://www.BitcoinWatch.comThe live view shows:  Difficulty: 3,054,628 Next Difficulty: in 1071 blocks 3,016,686 So at mid-point, it is about even (there is a margin for error, so no clear direction increasing or decreasing has been established yet) If I had to bet I'ld still say the next difficulty number will begin with a three. |
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