Wow you guys really think mastercard and visa is so stupid. First do know the history behind Visa and mastercard. they are all owned and operated by a group of banks. including American express.
Bank love to keep money . there for they dont want any thing to take their money from them . hense they dislike bitcoin . period. try as you may to open a CC gateway it will work for may be 3 - 5 months but once their filter catches the word bitcoin in their system it will notify the HQ and the cc gateway will be canceled for some strange reason. trust me this happens , i have worked in Banks. they dont like the idea of bitcoin, and their filtering mechanistic catches bitcoin. Look what they made paypal do.
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You wanna buy FPGA for mining, seriously guys FUND my project. I will update the details soon once my engineer can confirm it and gets one prototype ready. Probably will take anywhere from 2 weeks to the end of July. keep in mind india is NOT a destination for FPGA chip sellers. I have found some contacts seriously cant rely on all of these guys as they are complete strangers to me. I must visit these manu-factories myself and do all the talkings & confirmings in person.
come over to delhi a group of us can get some of these people do the work. hehehe .
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and that is the reason why all my coms are throgh a vpn, wrapped in I2P, and all drives encrypted using physical key. i hate cell phones any ways . so who cares if i'm talking about ponies, pink dresses, world of Warcraft, and anime, and any ways my power lever is over 9000. ps- its time for a nation wide cryptoparty. Who's hosting, i'm getting the beer. try to find a balance between life and security not an easy at all. Live life with security in mind. be paranoid. be very paranoid. who knows "All your bases are mine". just have a home router with a vpn, infact build your own linux router will cost you less than 5k and does every type of work a enterprise class router could. get your vpn from PRQ they kick ass. they the boss. One of the solutions is to use OpenVPN with server hosted outside of India. It requires both client and server to authenticate using certificates. To some extent it can be mitigated. Moreover, am little skeptical of this happening. I strongly feel that this is just a fake news to scare people that they are keeping track of their usage. Because, there are a lot of things to consider and comply to. For instance, there is PCI compliance that needs to be taken care as users are using credit cards over the internet. The companies based out of India like google and microsoft should have a SSL certificate termination and again the traffic needs to be encrypted. It took Indian Govt several years to convince Blackberry to have a encryption termination server installed in India and give them access to messages. Am not saying it cannot be done, but that needs a lot of investment and time. There are a lot of International Privacy laws to be considered and adhered to. Never underestimate the power of a government , especially when it gives them more power over you to oppress and spy on you . it is not that expensive to have the countries traffic routed to a central point , and filtered, scanned and abused. When Iran can stop all vpn and tor networks , India can do alot more. So pack up you bags and get your bugout bags, every one go off grid, and live with the sadu's in the Himalayas and smoke ganja, see the mountains and swim in the freezing rivers. lol.
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2ndly Dude dont buy cards JUST to mine BTC you will make NOTHING.
I am interested in ltc mining If you have 30k with you I'd suggest giving that money to a local fpga developer buy some fpga chips & have yur custom built FPGA miner these fpga's easily consume a lot more power than a normal Card.
I am really out of idea what is it ?....can you please help me in finding a local fpga developer. I am totally a newbie. well if you want to join me on this quest. i am trying to get a few FPGA developers in Noida to give this a try , we can pool in the money and any on who want to join in can .
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and that is the reason why all my coms are throgh a vpn, wrapped in I2P, and all drives encrypted using physical key. i hate cell phones any ways . so who cares if i'm talking about ponies, pink dresses, world of Warcraft, and anime, and any ways my power level is over 9000. ps- its time for a nation wide cryptoparty. Who's hosting, i'm getting the beer.
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Botnet .. of fuck , those thing are killing the litecoin mining. some of these botnets are targeting high end computers with gpu, mines using the gpu when the user is using the computer , and when on idel mode uses both the gpu and the cpu. killed off my mining rig .
Legal botnets will not be allowed. to much legal mumbojumbo regarding privacy laws.
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And also looks like they have a good FPGA experience. ,may be i should also try to contact them .
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So, how do we start?
We lets first start with a new thread. i will put in an update on this post that the discussion about the Alt coin dev has moved. Secondly , all conversation needs to be done on the new thread, for a open project to be successfully all conversation needs to be public. nothing to be discussed closed door. Third a open publication/invitation for voluntaries :- Category:- coders, Testers, project coordinator, artists, and designers. over all invite any one wiling to help in their own way. Forth is to start the initial discussion on the deadline set for the release of the Alt coin, that way all the different people involved will be able to sync their work and start off with the promotion and public awareness. Fifth , this is important, although we are planing this for the indian markets, and to work around the the problem of low bitcoin volumes, there will be and should not be any pre mining, and no one will discourage people from the globe from participating, a crypto currency is inherently a global currency and can never be a local currency. businesses and other exchanges should not be the priority as they will follow once the community is built and more people start using it.
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Hi , I dont know if this belongs here but i am noticing that bots are artificially raising prices in mt gox. I know this because i see multiple small transactions of 0.01000 or 0.001000 BTC selling . in the mean time after each of these transaction the prices increase.
It looks like good news to those owning bitcoin, but on a longer run artificially maintained prices tend to burst the bubble. and i think the Bots are aiming for that.
Once panic selling starts and bitcoin bottoms out again, the bots again pick up from where they left off from.
I think we are getting scammed. But i am not to sure.. I'm thinking to buy more bitcoin but, looking at todays charts and numbers it looks kind a sketchy . please advise.
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that was big mistake for many not to jump into GPU mining, when it was a time. Electricity is cheap in India compared to West. For example in Russian electricity also very cheap and GPU mining went on big scale there. Now 3 Russian teams on btcguild minng 274 btc per month
Russian Federation 84.94 GH/s Krasnoyarsk 73.39 GH/s OverClockersRu 23.78 GH/s
most of this hash is GPU farms.
I'm considering to order batch of 10000 Avalon chips, any idea who can make boards in India. 20 chips board from burnin (Germany) will cost 100 Euro aprox, If it will be possible to make boards in India I will def order chips.
There musht be a lot of companies that does this. try http://bitmapper.org/ they are local to you . thanks a lot, already talking to them Cool what they say?
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Selling 0.5 btc at Mt.Gox rate + 9% . Please pm if interested.
Hi Axorb please put in the amount you are charging This is not going to be a pegged rate to gox or any other exchange. You ask for what you want for your coins.
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that was big mistake for many not to jump into GPU mining, when it was a time. Electricity is cheap in India compared to West. For example in Russian electricity also very cheap and GPU mining went on big scale there. Now 3 Russian teams on btcguild minng 274 btc per month
Russian Federation 84.94 GH/s Krasnoyarsk 73.39 GH/s OverClockersRu 23.78 GH/s
most of this hash is GPU farms.
I'm considering to order batch of 10000 Avalon chips, any idea who can make boards in India. 20 chips board from burnin (Germany) will cost 100 Euro aprox, If it will be possible to make boards in India I will def order chips.
There musht be a lot of companies that does this. try http://bitmapper.org/ they are local to you .
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Ok then, lets do it. Start a thread for technical and marketing strategies. We can recruiter voluntaries , for coding, marketing, art design, webmaster and project coordinator, and testers.
lets discuss when to put in the deadline, and bench marking the project.
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Creating another fork of a alt coin is easy, but the usability , acceptance, and overall new users is hard to gain. if a desi coins is created, the first problem is the people using in india would be low. miners from outside the country would have a instant monopoly on the generation of the coins. hard for exchanges to accept the coin until a certain user numbers are reached. New alternative desi coin can only work once the user base of crypto currency increases. p.s - i'm not a ripple fan.
I took a look at the Litecoin code yesterday. It is about a months work for someone like me to fork with very minimal exposure to C ++. Anyone else who can fork LTC to make an Indiacoin in a faster timeline would be awesome. We can manage a strong marketing campaign to gain adoption of this as it is based on CPU/ GPU mining. If it fails, would have atleast been a good project to try. Lets discount the time taken , if you guys are serious , we can give it a shot. It does not harm any one to try, but we need to put in the characteristic that is required for the indian market. may be some thing like the number of coins that needs to be capped . how it is gona hash the transactions. , but before that how we are gona convince the miners in india, to mine for it in a larger pool, before foreigner miners come into the picture and limit the coin volume in India. Strategy for success lies in the initial number of people involved in the project and the participation in the first phase. If we fail to get the numbers in india then the alt coin will fall. My only fear, is that marketing pulls in big time miners and the one especially owning bot nets , they will destroy the project before it can take off.
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So let me put in my first bid.
INR 4,400/- - 2 8,8000/
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Trust me CHC has the user base and there are already a good number of chinese exchange there, number of people, involved in bitcoin in china is verry high compared to india with just a few hundred (and yes i know some news report said 2000 but i dont think so) . banking system there are also not that ridgit.
Creating another fork of a alt coin is easy, but the usability , acceptance, and overall new users is hard to gain. if a desi coins is created, the first problem is the people using in india would be low. miners from outside the country would have a instant monopoly on the generation of the coins. hard for exchanges to accept the coin until a certain user numbers are reached. New alternative desi coin can only work once the user base of crypto currency increases. p.s - i'm not a ripple fan.
FTC has 4X the number of coins as Litecoin. making it fare more suitable for transactions on a daily basis.
And also I proposed this as a method to increase the volume of bitcoins in india. once the volume is there, over pricing from sellers would vanish. (oops i think i am making some enemies already).
FTC is new and Can be mined, without people investing in ASIC , or FPGA, mining can be kept with many people, not only the ASIC miners like in bitcoin.
*Question out of topic, why is it that india being one of the largest software industry in the world, still manages to lag being China in terms community driven open source projects?*
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Solution for low bitcoin volume in India (FeatherCoin FTC)So for the past few months, i've been trying to find a way to increase the volume of bitcoins into india. I looked at the volumes, an ASIC of a FPGA mining riggs could generate, but the investment and the shear amount of initiation money needed was huge. and also risking a monopoly in the supply chain. {i'm for open market.} The other road blocks are the rigidity and boneheaded banking system we face. The Four horseman is used to justify this clamp down on free flow of money for the common man. 1. Terrorism 2. Money laundering 3. Drugs 4. Child pornography This has always been the best weapon used by big businesses in line with government to stop free market and progress. There are too many rules and regulations that prevent people to do any thing. Trust me people if these rules was to keep corruption and criminals down , then it has failed badly. there are criminals and corrupt people using the same banks for Terrorism, Money laundering, and drugs. And that is a fact. Crypro currency, is by far the most effective currency out there, better than Fiat currency, better than online digital currency, and far better than the old barter system. The second option for the increase in the volume of Bitcoin is obviously trade, but that also gives verry little inflow unless services are provided in a massive scale. for this what can be created is a point of contact that provides freelancing jobs to prople looking for these type of work and those who want to give work. payments from the freelancer to be made in INR and the receipt from the person seeking freelancers to be made in Bitcoin. India has no shortage of skilled people, outsourcing is a dam well defined industry. I guess we just need people to get together. and form a loose net organizing group and start creating a list of freelancers, then go out and provide that service out. The most effective solution Feather Coin : But the far more effective method of getting volumes into India is to use an alternative crypto currency. Right now i seee Feather Coin FTC as a good option. relatively new , accepted in a good number of exchanges, they have reliable pools for mining , the exchange rate to BTC is also quite good. it is ASIC resistant, so cpu and gpu mining can take place , letting people with average budget to mine the coins. If we can put out enough mining rigs out in the wild, the rate and volume of FTC increases. using the FTC to eventually get bitcoins, or just use FTC as Standard for india which ever is better. Mining -> FTC -> BTC -> FTC -> INR Or Mining -> FTC -> INR -> FTC Feather coin like Lite coin is fast, faster then BTC, and small groups of miners can actually get together , start a mining pool and start hashing . I know we have been talking about a creation of a new crypto currency, even i am for it , but looking closer to what the new currency would add is alot of PR time to have it accepted by other exchanges , and the problem of acceptability with other users from around the world. I will start awarding FTC soon to indian users so as to increase the acceptability of it, and in the process also build the volume of btc in india. Which on a longer run translates into businesses accepting bitcoin . Who know's it may work it may not. but that is just an idea. What do you guys think. More info on Feather Coin :- Official FeatherCoin Site - http://feathercoin.com/Bitcointalk Forum : - https://bitcointalk.org/index.php?topic=181807.0Official FeatherCoin Forum - http://forum.feathercoin.com/FTC Exchange BTC-e - https://btc-e.com/exchange/ftc_btcMiners (mining software)cgminer - https://bitcointalk.org/index.php?topic=28402.0 Mining pool http://feathercoin.is-a-geek.com/
Mining Info http://dustcoin.com/mining
FeatherCoin Blockchain Statistics - http://benhohner.com/feathercoin/statistics.php
How to Mine Feathercoin on Windows Guide - http://bitcoinboard.net/how-to-mine-feathercoin-on-windows
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India has always faced this problem of trust. Scams are rampant, and people dont emphasize much on trust.
It is gona be hard to build the trust of this community but i am sure that enough of us getting together can build that trust.
Says a guy who belongs to a country where the most famouse dialogue is of a lootera "Kitne Admi the ?" Dont worry I m from the same category lol Dam! i hate that movie so much. hahah LIAR ooops my pants just went off on fire *goes running out of the window and jumps into the pool* India has always faced this problem of trust. Scams are rampant, and people dont emphasize much on trust.
It is gona be hard to build the trust of this community but i am sure that enough of us getting together can build that trust.
Well said. Hummm thanks :-)
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Tested this service today . they have a real good service prompt and quick response time. Recommend them for emergency small buys . [You guys should have to find a system to make larger purchases possible, may be take cheques] Thumbs up .
But the bankers there was not really nice.
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