Sorry for asking here, but couldn't find it... Are KnC miners running cgminer on OpenWRT? Does the interface look similar to the ones of Avalon and Antminer? Will the scrypt ASIC be similar probably?
No. No and I doubt it.  Thanks. But they are running cgminer on some embedded Linux? Where could I find some info? |
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Sorry for asking here, but couldn't find it... Are KnC miners running cgminer on OpenWRT? Does the interface look similar to the ones of Avalon and Antminer? Will the scrypt ASIC be similar probably?
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No. Every Chinese citizen can convert CNY to the equivalent of 50k USD per year without special requirements.
Thanks for the correction! A source: http://www.chinalawblog.com/2012/07/on-getting-paid-from-china-is-there-really-a-50000-yearly-limit.html (but also heard that from the locals) Chinese citizens can convert and remit freely up to USD $50,000 equivalent per year. Conversions exceeding the USD$50,000 quota is still possible, but the citizen cannot complete it at a bank counter freely; he or she must apply to the local State Administration of Foreign Exchange for written approval. Chinese banks will not let the extra conversion go without seeing SAFE’s approval letter. However you have to open a special account, running in multiple currencies and deal with an overseas transaction which is far more work than a local wire which goes trough almost instantly and is done in a matter of minutes. Also receiving back money from the exchange, meaning receiving an overseas transaction might be a real pain... don't know about that exactly, would be interested myself. |
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I understand that to mean: any Chinese citizens who can send their CNY offshore (which turns them into CNH) can now deposit them directly to BTC-e, without converting them to EUR or USD first. That could be one option for Chinese citizens to put new money into the cryptocoin market. However it seems to be limited to 50,000 CNY/year for most people, is that correct? Chinese citizens who already have money in their Chinese exchange accounts would probably want to buy bitcoins there and export them to an account on BTC-e or any other exchange. I suppose that the PBoC would not mind, quite the opposite, if Chinese citizens withdraw CNH from BTC-e and bring them back into the mainland? If I see it your way, it means that the Chinese have a BTC/LTC-way to escape capital controls until April 15th. Also 50000 CNY is almost 6 grand in € which is not much to some of us western middle class spoiled people but it is a lot to small Chinese worker class that is desperate for investing into stores of value that are not debased/stolen by their own government. So if BTC-E provides them with a way to withdraw CNH, and if they can convert CNH to CNY easily, they could put some of their savings into crypto. Can any Chinese citizen here please confirm that this is the case? No. Every Chinese citizen can convert CNY to the equivalent of 50k USD per year without special requirements. |
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Ooh, some new FUD at last. Bitstamp hit by localised apocalypse, withdrawals and deposits only possible through God.
source? |
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Has anyones Bitstamp wire been credited yet? Noramlly in by now  Maybe you'll be grateful for that... |
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I hope the statement is true, so it prevents us from crashing for the same reason over and over again.
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Dogecoin rules, because it doesn't take itself too serious and it has a really nice and outgoing community!
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Seams like every continent waking up causes a new crash because of the fake news. And America by far the biggest of course.
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Why are people dumping again? Really, why?
And btc-e 10$ over bitstamp? WTF? |
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Not sure if still crashing on the China FUD?
Why do you guys call it "China FUD". It is a FACT that PBOC issued advisories in DecemberShould be priced in by now? |
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Not sure if still crashing on the China FUD?
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I'm catching up here. Is this what happened?
We were going up, someone spread some fake info, the sheep panic sold, info turns out to be fake, price stays down. Correct?
Another perspective: We we're going down, hit the minor 540 support into a dead cat bounce, then some sheep started panic buying because of all the latest 'hot news'. Now that the hype is over, we can resume the downtrend. I wasn't here too see what happened. I guess the answer is simple. Did the selling start when that China "news" came out? Amazing how there is so much good news and it does nothing to the price while any person can create a fake tweet or whatever to instantly make the price crash. The big dumping started on the news. However, the de-trending from the rally started this morning before the news. Ah ok. Yeah, the insider trading (of the people spreading the "news") started of course before it was published... |
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It's almost lunchtime now in China, and no trace of real panic on the Chinese Exchanges. -10% is not panic in Bitcoin world, so people move on, there is nothing to see here. |
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Has anyone might declaration of conformity CE for AntMiner S1? I need urgently to the customs office.
It shouldn't need one, it's a 12volt device, it doesn't hook up to the mains. Tell them you are going to run it off a 12volt battery. Sure it does. Also "RoHS". Would be nice to stick those two onto the package, wouldn't cost a thing for them nor impose any additional risk as that is anyways with the importer. |
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I found that there is an exchange (VirWox) where one can trade BTC and other cryptocoins for Second Life's currency, the Linden dollar (L$, SLL). https://www.virwox.com/It seems that one can buy SLLs with cash at VirWox, to use in the game, but not sell them for cash. What is the legal status of Linden dollars in the US? It seems that they are not considered a currency. Are they considered valuable property? It's one of the oldest exchanges, located in Vienna, Austria - I guess under the radar of regulators for a long time now... |
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They look very suspicious. In the Chinese forum they always claim they are "coming from Wall Street", and have been "dealing with derivatives 1000 times more complicated than BTC margin trading (offered by OkCoin and Huobi)" .....
我们LakeBTC华尔街出身，比融资融币复杂1000倍的结构化衍生产品都做过无数，为
......
Maybe they are from wall street? I wondered cause they operate since march and have a daily Dollar-volume of 4k. No word about them on bitcointalk and reddit, so they need to have some other fiat-sources (supposed they don't fake volume). This sharp rise and the operating outside this community can be a sign they have a direct link to big money They claim to be Shanghai based. Does anybody have a detailed address? |
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Whoa 8 blocks in 25 minutes.
Difficulty is still much too low compared to BTC price, considering ASIC manufacturing costs. The speed it raises and latest the next reward halfing will fix this issue. |
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Switched off the miners because of power/bitcoin price... if somebody wants it, just shoot me a pm.
One might even be able to use the cooling blocks for other miners....
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Hi, could you please answer my email sent last Friday regarding order #1221?
It was replied to a few minutes after you sent it - I'll PM you the link to the ticket so you can view the response:) Oh - sorry, my bad. Package waiting for me at customs, thanks! |
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