I see your point. My collateral would be the SSDI winnings, however, I wouldn't be able to provide any digital collateral to clear things up.

Here's the deal. I have a pending social security hearing for disability benefits worth about 140k in backpay. Its set to go before a judge next month. I have all the paperwork from spinal, bone, blood, GI, psychiatrists and my primary care doctors and more whove filled out the necesssary paperwork to say im fully disabled and can no longer do the only job I did for 20 years nor answer telephones or be a Wal-Mart greeter. Pretty solid case.

When we win, my lawyer gets paid (maxes out at 6K for disability cases) and hed pay you the balanced owed plus interest. Would be able to have the lawyer send a notarized document with the agreement.

My situation is currently a tough one but outlook will soon be good. Is this something anyone would be interested in doing?
 

That poor bastard could become the owner of a near 500K house depending on terms if I default. <br /> <br />Google bad credit on HELOC loans and you'll see my problem. Not saying I'd need that much, but the process of falling of short and asking for more looks worse dowm the road. That's why i like line of credit from my experience.

Mmmhmm, Yeah, thanks for the laughs. Didn't know where to turn. Have the collateral, no lenders, anyone who has knowledge working with title companies might be interested in the transaction, but perhaps not.

It's an unfortunate story, one I won't go into much. schizo's can be very intelligent, scary, and wait forever, the perfect moment to screw you over in the most unimaginable way. That's what happened, and his lawyer agreed, signed some shitty bogus paperwork that he didn't even file with the courts to take action (used bogus case numbers with the county auditor), withdraw from the case after his work was done, and essentially retired. Now I can sue him for damages because everything he did was either invalid, expired after 60 days (statue of limitations, its been 1 and 1/2 years now), was done with malicious intent, is considered criminal and possibly more.

/not_a_schizo

Would like to establish a line of credit of about 200k to deal with some legal matters with my schizophrenic family member and permanently put him out of the picture, clear up some minor legal issues and put a few upgrades into my house that im at the present not allowed to live in before i sell it. Id like to also take to court the attorney who made this all possible by fililing wrongful and malicious paperwork to evicit me from my own home that i am the only owner and causing losses of several thousand us dollars for two years.

I own the deed free and clear only my name in seattle, wa.  Due to brother and him being schizophrenic and helping him in past I cannot get loan or HELOC at bank because of bad credit. Perhaps bitcoin and clear house title is my best option as I would like to capitalize on the property but am currently stuck.

I am in Washington, so that could be great. You say we, who is we, if you don't mind me asking?

Since most mining gear uses between .4 and .5 watts, what would be the cheapest zone or area to locate mining equipment? I was told to look for a .3-.4W zone, but I don't know where that would be. Is such a power zone available in the US, or would it have to be in a 3rd world country....?

Thanks in advance.

Well, it was mostly a hardware mining question, since I wanted to know which miner was the best bang for the buck (one that would be out or coming out soon) or even if 16 or 20NM ASICs were available. So I don't know.

Really yourself, buckwheat. You must really enjoy moving threads, as we're not all hip to each category. This was a mining hardware question. TBYSADH. :\

My calculator @ .10 for power and 1.2PH/s put me at around 9 months, but I wasn't looking at ANT Miner's, but rather a new product that is due out soon. I'd need about 200 of them, and might boost it to 1.8PH/s.

The problem I run into is that's a lot of colocation space. Each server is 2u, 1600W and does 6TH/s. It may make more sense to host it at home, but I'd need about 500kW of power....Lol..Not sure what is needed to get that kind of set up, but hey I do have a 4 car garage with no cars it could all fit into.


I think 9 months is a reasonable return on hardware if I'm between 1.2-1.8PH.

I was thinking about renting some colocation cabinets and estimate a $600+ day power bill. This would probably place my rent in the $25K a month range if I decided to get into the bitcoin business and drop some serious cash on hardware.

If you were to drop $500K in hardware, what would you buy that is available or expected to be available in the next couple of months? I would think the price of bitcoin would need to be about $250 or greater to return a profit, and I believe eventually it'll work its way on up to the 4's and $500 again. But hey that's just me, and lots of folks I've talked to say bitcoin is dead. It's been flat, and growing slower in acceptance this year, but I have hope.

I've read 16NM has been in development and I think 20NM ASICs are available. Can one buy just the chips themselves and have them assembled on a PCB? Essentially, what would be the best bang for the buck to return a profit? Or is the difficulty just too great now and power consumption too much that its impossible? Somewhere the numbers must add up to return a profit, but I've had no luck in finding the hardware needed to do so. And other companies have decided to no longer sell to the public and just mine for themselves. That's why I was curious about sourcing the ASIC chips themselves. But I have a feeling it would be a lot more work to assemble a working rig if one were to drop a few hundred grand. Is cloud hashing a good bet?

Thanks in advance.

Could be. Stock was up today.

Go http://coinqx.com / BITCF stock ticker

It has seen a lot of trading activity since http://coinqx.com went live in its beta stages.

Looks like a new bitcoin exchange has opened up. They are called CoinQX. The website is http://coinqx.com. They are also publicly traded and released a PR earlier today. Their ticker is BITCF. The F stands for Foreign because they are located in Vancouver, British Columbia, otherwise it would be BITC for Bitcoin.

Some user generated forum history about them can be found here:

http://investorshub.advfn.com/Grand-Pacaraima-Gold-Corporation-BITCF-5344/

And here is the PR (Press Release):


First Bitcoin Capital Corp.(OTC Markets: BITCF) Launches Digital Currency Exchange, CoinQX.com in Beta

VANCOUVER, B.C. / ACCESSWIRE / May 21, 2014 / (OTCMARKETS: BITCF) First Bitcoin Capital Corp., is pleased to announce that it has launched the company’s digital currency exchange, CoinQX(TM) in the BETA phase and it is available to the public at www.CoinQX.com

Company is seeking regulatory backup to create fully licensed Bitcoin Exchange by FINRA and other authorities and will officially launch operations immediately after obtaining all the necessary approvals and fully completing exchange platform development.

CoinQX.com will facilitate the conversion and trading of Bitcoin into more than 100 crypto-currencies. This will enable users to securely trade Bitcoin and other digital currencies with ease and efficiency.

Traders are now able to register with CoinQX.com to begin exploring feature rich trading platforms immediately.

CoinQX.com will soon be available in multiple languages, but is currently available in English and Chinese and geared towards the Chinese-speaking bitcoin traders and enthusiasts that reside outside of China.

The front-end suite will provide Bitcoin traders with a comprehensive market view with advanced functionality including customizable market depth, time and sales, advanced charting with overlays, drawing tools, customizable time-frames and indicators, and algorithmic trading.

CoinQX.com Bitcoin Exchange will provide of a cold storage wallets that will enable traders to keep their wallets offline.

For additional security measures, the company will also require traders to complete a two-step verification process for account login, withdrawals, deposits and other transactions.

CoinQX (TM) also utilizes a "know your customer" or KYC verification process to identify new customers.

Furthermore, the company’s risk management platform is designed to detect and prevent money laundering and other suspicious online activity, helping protect customers against risks posed by Distributed Denial of Service, or DDoS, attacks and other nefarious activity.

The company’s security policy complies with the ISO27001 data security standard.

"By offering a higher level of security and compliance, we hope to service institutional investors and provide global services for Bitcoin and crypto-currency users," the company said.

Bitcoin is a digital crypto-currency that allows consumers to electronically exchange Bitcoin, or units of value, for a service or product anywhere in the world with no or minimal fees.

Hi Apxu thank you! Have you done this or know anyone that is?

I was interested in started my own network, a P2P, like the -testnet but as the main net. It would be on a different port and the client would be associated and updated with that port. So that was why I asked if there was a way to reset it and not have it it connect to the actual bitcoin network. I tried to experiment, but each test resulted in massive amount of blockchain data from inception. Hehe.

It should be possible but I'm wondering if it involves massive amounts of coding, or is it just undocumented features?

My previous question was regarding starting your own coin, but that didn't seem to get anywhere. I was able to download the code off of github and get it compiled within an hour, minus some libboost issues. I see that testnet is used to mine or otherwise test coins and hardware and has been reset twice. I believe -gen may be related to -testnet? Is it possible to reset and generate your own coins using the main network and not testnet? I know the answer is yes but I don't see any instructions on how to do this. If someone could let me know either publicly or privately I would appreciate.

Thank you.

Ah, I see. I was looking at some others here, looks like one started in 2011, maybe I will check that out. Seems like coingen might be easier, and was recently updated. I read the story and It was available for 0.01 BTC, but recently, at least as of yesterday, the person who made the updates the the free version changed it to .05 BTC, so I thought that was too much. Since there was no licensing issues, I thought I would ask if someone might want to email me a copy anyhow. :-)

Does anyone have the source from coingen.io to generate bitcoins? It was originally posted here at http://coingen.bluematt.me/build/f6ae0f64.zip but I believe coingen.io made it easier to use? Anyway, thanks in advance.