I guess you could consider that GPUMax was doing something similar but they used other's hashing power to back the service. You would only get "virgin" coins if you directed your hashing power to a pool that allowed coins generated directly into your wallet.

So just pointing hashing power to say ozco.in, would get you nearly virgin coins, but there would still be transactions leading from the generation.

Agreed.

I think a lot of the inconsistencies arise from normal daily operations. Things change, I'm not sure it can get any simpler.

When you are trying to build a business, product, whatever of significant magnitude, it's like trying to fly a plane while you are putting it together. When shit happens, you change the plan while you are still flying.

I experience this everyday. Unless you have a reality distortion field like Apple (which their's has even started to falter a bit, aka Apple maps...) things NEVER GO AS PLANNED.

What's that saying "the best laid plans of mice and men often go astray". You try to plan for the unknown unknowns, but something almost always comes up that takes your plans and throws them out the window.

I'm sure this post will bring out the "gigavps is a BFL shill" but this is the reality of things when you are building a business.

That video is the best thing to ever come to this thread.

I believe with the pool setup correctly, this could be done. I'm pretty sure it can be setup to fill an address to an exact amount or over a specific amount.

I'll make sure to add this to the feature list.

Hello fellow miners,

I've been interested and getting a better handle around the "data" that is produced from mining. Specifically, historical data that can be graphed or totals around a mining operation. So, in the interest of discussion, I've been wondering what other miners would like to know about their mining operations.

I've come up with a few that I believe would be valuable to me.

• Plotting earnings over time against expected PPS.
• Seeing overall up times for pools I mine on.
• Which one of my devices / mining instances is the most problematic.

I'd like to hear what other miners feel are important data to see in aggregate or graphed over time.

Thanks,
James

That is both awesome and heartbreaking all at the same time.

I think this is why mining directly to paper wallets is key for pre-generated coins. I am starting to agree that the less trust approach would be for customers to make purchases before hand and then mine directly to their address. They would know that they would be getting 25 BTC and whatever transaction fees come with the block.

The paper wallets are good if you want to receive something in the mail. I personally like receiving things in the mail and, if done right, I think others would like it too.

It is also good to be able to mail (and have customers sign for) something if you are accepting meat space methods of payment.

Very cool vanity addy. That one must have taken a while to make!

I'm glad to see that most seem to think that this is a novel/interesting idea.

Good idea on the tough print paper. I was thinking about regular paper with lamination but I'll need to look into this more.

I wonder if there is a similar company in the US.

That is definitely an interesting idea. Although, it would probably be over 25 coins with the transaction fees in there.

Goat's been banned so I don't think he'll be replying.

I'm pretty sure someone else has similar winnings, probably more bets though. 

I'm just not naming any names.....

I've seen an idea like this before somewhere, I think there would need to be a lot of transparency around the bidding process and current bids. This does add the element of competition though which is always interesting.


At first I was thinking the same as you here, but the numbers quickly change if you wanted 500 or 1000 coins (aka multiple blocks) generated to a single address.

To all Gigaminers:

Below is a screen capture of what the users area of the new virtualprocessingsolutions.com site will look like. There has been a lot of progress on the site that most will never see. Specifically, these are the features for tracking claimants to users, making individual or bulk payments and general functionality to help VPS staff have a clear picture of what is going on.

https://i.imgur.com/24CJl.jpg

I am currently reviewing the site and making a final todo list so hopefully it will be live next week.

Best,
James

Hi Coinlab,

Is there anyway you can publish the blocks that you find to a page on your site. Similar to:

https://www.btcguild.com/block_list.php

This would go a long way to keeping your service transparent and in the "known" mining space.

Thanks,
James

Thanks SAC.

Correct. This is why I've stated that the coins would be mined to paper wallets (most likely laminated) or mine directly to the buyers address.


Sending the coins to an address is not the idea here. Only a generation transaction to an address.


Thanks for the link.

Indeed you can.

Hello Bitcoin Community,

I would like to discuss the topic of "virgin" bitcoins. Specifically, I would like to discuss the possibilities of being able to purchase a private key to coins mined directly to paper wallets.

• Is this a niche market that only a few zealots would be interested in or this is more appealing to a broad range of Bitcoiners?
• What kind of premium, if any, could be associated with virgin coins?
• Would you consider a service that sells virgin coins for non-virgin bitcoins a laundering service?
• Is a service like this appealing for payment via meat space methods including wire and cash?

I've always found this topic to be interesting and I look forward to your responses.

Best,
James