When it looks like India is going the china way. first the raids or technically surveys, then arm twisting banks and payment gateways to cease operations, it looks increasingly likely that they will ban exchanges. not the right decision - but u can trust them to do wrong.

So u r saying funded companies dont run away? Get a life man. Whichever way u look at it 2% + charges for NEFT - is daylight robbery.

Read somewhere in the media, Indian Government is a Ponzhi Scheme.

I dont know how you got trust score of 40.
A lot of us got our refunds from Bitmain.
The same amount we had paid be it BTC, LTC or USD.
U R  A BIG FAT LIAR.
SHAME ON U.

This is one of the transactions through which Bitmain paid our refunds.
https://blockchain.info/tx/e1c45b66b61570113eab1838b329a2f8785d15e8814f7b501918073702a083b3

You will get back same amount in same currency you paid. It has been clarified by Bitmain hundred times. Again same question.

If you paid in usd you get same usd back.
If you paid in btc you get same btc back.
If you paid in ltc you get same ltc back.

1. Agree with privacy issue. But as far as wallet is concerned, you can move to your private wallet from exchange.
2. True. But even if u r buying off the exchange, in this case you are not doing a cash transaction. So the debit and credit of INR  entry is anyway there in bank in this case also. Generally people dont keep their investment porfolio in schanges after buying on exchanges. Its only the amount they earmark for trading that people keep in exchanges.
3. Cash Withdrawal: Nowdays, no one charges more tham 10 INR or mostly its free withdrawal. Atleast the 3-4 sites I use, thats the case.
BTC Withdawal: Ya, thats high. Except for coinsecure which allows you to use .0001 BTC, others charge between 0.0003 to 0.0005 BTC. (currently, sites review these charges from time t time based on traffic congestion. Not very frequently though.)

The reason I asked this question was to know if really sell at preev price. If yes, I could get some good arbitrage opportunity by buying from sellers who are ok to sell at preev price and then sell at exchanges. As I have done my kyc and pay tax on any profit i make in fiat.

Can anyone explain why do people sell at rate on this link. http://preev.com/btc/inr

Because when I checked the sell rate at 1:33pm IST  28 Oct, the sell rate was higher on zebpay, unicoin, coinsecure and almost every other site.

I can understand buyers wanting to buy at this price, but why would people sell, if they do.

That was a month back..And now it is completely different.
Kyc is done within minutes. Max 2 days.
Instant imps withdrawals. Yes you read that right.
Imps deposits are done within 20 minutes.
Neft rtgs with in 2-4 hours.
Very good support/ response on telegram.
Good clean UI.
Cons:
Low liquity. However Considering the rapid progress they have made so far, liquidity should increase. They need to market well. Maybe they are focusing on giving final touches to the site, before Going all out on marketing.
I would bet , in a few months time people will ask coinsecure who

Which City's customs are your miners struck at? And what are the objections being raised by them?

Its expensive. In the market 200 MH/s ETH rigs are available for 3 lac.

There was L3+ sale today morning on bitmain website for 2280 USD.

I would suggest you to either buy from bitmain or buy in person. Put a buy ad on olx quikr etc. Negotiate with sellers and meet up and buy. I won't trust shipping from individuals. As a ballpark figure for buying from individuals , be prepared for a markup of 20% over the product price and another 50k approx for customs + courier handling charges that the original buyer would have paid.

dont bother with these scamsters.
you wont find a genuine seller of L3+ quoting less than 2 lac INR for a delivery period of less than a week.

Hi,

I would be getting an antminer from Bitmain next month.
Will a PPPOE internet connection work fine with miner or would I need to switch to a different internet service provider that is on DHCP?
The user manual of antminer states DHCP. Anyone tried with a PPPOE connection?
Thanks

The thread is of ripple price prediction by year end 2017. So, when I said "Ripple wont touch that price" it was for this time period. Sure, in a decade or 2 ripple can touch that price or beyond when the cryptocurrency becomes 2-3 trillion industry.

@wojak Thanks for the stats

I also factored in the 1 billion xrp that ripple can withdraw every month. However, going by the past stats, they are withdrawing about 300 million ripple and not 1 billion xrp. So with another 4 months left till the end of the year.. I added another 1.2 billion ripple to the current supply to arrive at the figure of 250 billion USD @ 6 USD price.

At 6 USD, the market cap of Ripple alone would be 240 Billion USD. To put that into perspective, the market cap of all crypto combined today (including Ripple) is 161 USD Billion.
So, if I am sure about one thing in the world, that would be Ripple wont touch that price.

For speculation, I think one should first try to arrive at the market share that ripple can command of the total cyptocurrency market cap.

I would not expect it to command more than 10% of the total cypto market cap.

also taking into consideration 38 bllion current supply and a total supply of 100 billion, for ripple to touch .50 USD total market cap has to touch atleast 200 Billion USD.

For this year, 40 cents should be tops if the supply remains at 38 billion or there about.

Hi, I would be getting a L3+ in sept last week. Will a PPPOE internet connection (eg Excitel)work fine with miner or I would need to switch to a different internet service provider that is on DHCP (Eg Hathway, Den)?
Thanks

IEC is for firms/companies and not for individuals.
Are you importing miners on firm's name?

Hi, now that you have sold all, can you share your experience on customs in detail on the forum for other members who are potentially looking at buying miners from bitmain in future.