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1  Local / India / I dont know why im surprised , still ?? on: October 31, 2013, 05:46:49 PM
During the next six months, I am going to make a master thesis about Bitcoin.

Currently my working title is "Bitcoin as a disruptive technology". My main hypothesis is Bitcoin is changing the value chain in finance, which basically means huge disruptions can, and probably will, happen.

However, I would love to hear YOUR thoughts! I need a shitload of literature, and I am currently collecting that. So far I've basically taken all the top 10 papers on Google Scholar about Bitcoin (the official paper, two Bitcoins at the price of one, how to make Bitcoin a better currency) and some others.

I am not trying to cover Bitcoin from a technical angle (besides 5-10 pages which is necessary to understand its implications), but from a business+society angle.

- What literature would you include? Any ideas is MUCH welcome and appreciated Smiley

What's your masters' in?
E-Business (a combination of business, law and technology).


Anyone else: Thanks for the input Smiley Of course, any science is in English, so the report will be written in English as well. Luckily Indians with PhD's in English cost 5-10$ an hour, so they can fix all that spelling/grammar stuff! :-D
I thought Indians were good in IT. Wrong tool for the right job eh?

Indians are good in everything 'cause there are so many of them.

2  Local / India / Cointerra Miner: 2000 Gh/s @ 0.6 W/GH/s (featured On AnandTech)- PreOrders Open on: September 03, 2013, 02:52:07 PM
http://www.anandtech.com/show/7246/the-rush-to-bitcoin-asics-ravi-iyengar-launches-cointerra


http://cointerra.com/cointerra-announces-highest-performance-2-terahash-per-second-bitcoin-asic-mining-rig/
Quote
Company Launches with $1.5M in Funding and a World-Class Team of ASIC Designers, Mathematicians & Bitcoin Community Members; Chips and Rigs Available for December Pre-Order with  Price Protection Policy

August 27, 2013 – Austin, TX – CoinTerra™ <www.cointerra.com>, a pioneer in the design of ultra high-performance Bitcoin™ ASICs (Application Specific Integrated Circuits) and systems, today announced the official launch of the company and its first products.

CoinTerra is now taking pre-orders for December 2013 delivery on both its in-house designed GoldStrike1™ ASIC and the company’s 2 Terahash per second TerraMiner™ IV Bitcoin mining rigs – both representing the highest performance Bitcoin mining hardware that are currently announced.

The 28nm GoldStrike1 ASIC is both incredibly powerful and energy efficient: it is currently the highest-performance announced Bitcoin ASIC, processing hash calculations at an unprecedented 500 Gigahash/s at a power consumption of 0.5W/Gh/s. Fabbed at Global Foundries, the GoldStrike1 is being offered by CoinTerra as both a chip for integration into other Bitcoin miner rigs as well as directly powering the TerraMiner IV system.

The TerraMiner IV offers a hashrate of greater than 2 Terahash/s., delivering unprecedented performance while maintaining an exceptionally efficient wattage rating. It is optimized and designed for use by Bitcoin mining professionals who demand the very best cost/performance ratio for their systems.

CoinTerra and Team

CoinTerra was founded by a team of world-renowned chip designers, mathematicians and Bitcoin community pioneers and recently closed a $1.5M seed round of funding from a range of private Angel investors who recognized the potential of the company’s unique team and technology.

The company’s founding members include CEO Ravi Iyengar, who was previously the Lead CPU Architect at Samsung® Corporation as well as holding senior design positions at Qualcomm®, NVIDIA®, and Intel®.  

Other team members include:

Dr. Timo Hanke, one of the world’s leading experts on cryptography and mathematical algorithms;
Tuur Demeester, one of the Bitcoin community’s strongest proponents, editor of the financial newsletter “Macrotrends” and a leading financial advisor;
Dr. Naveed Sherwani is the lead company advisor for Cointerra and brings decades of semiconductor industry leadership and perspective to the company. Dr. Sherwani co-architected the Intel microprocessor design methodology and environment used in several microprocessors
Having worked on several generations of low-power mobile devices, the CoinTerra team brings unmatched experience in power-efficient circuitry, design methodology and implementation to Bitcoin mining.

-more-

Unlike most Bitcoin hardware companies, CoinTerra wants people to know the capabilities of its full design and advisory team as well as their personal involvement in the Bitcoin community. As such, there is a video detailing the CoinTerra products, technology and team at http://www.youtube.com/watch?v=K199f61n4qM. Detailed pricing on both chips and rigs are at www.cointerra.com.

Fair and Transparent Dealings

The issues surrounding the failure of Bitcoin hardware vendors in delivering on-time products into the hands of customers are well-documented – failing to deliver products that can be up to a year late after taking orders is a trend that has badly tarnished the reputation of the entire industry. As such, CoinTerra has taken the following steps to prevent these issues from happening with its own products in the hope that other companies will reciprocate in supporting these customer-centric measures:

On-Time Delivery Commitment – If CoinTerra fails to deliver chips or rigs within 30 days of its promised December delivery window, the company will credit your account 20% of the hash power of your order;
Price Protection – For any undelivered orders, if the company changes the price of TerraMiner systems or GoldStrike1 ASICs before delivery, CoinTerra will re-price all orders and offer either a cash refund or a larger and more valuable hash power credit;
Customer Exchange – If a customer has a confirmed order and their circumstances change to prevent them from completing the sale, CoinTerra will help them find another party amongst their existing customers to take their place in the product queue. While CoinTerra cannot guarantee there is a buyer for an order or a place in the queue, the company will do its best in good faith to help.
“With the launch of CoinTerra, our hope is that we can support the Bitcoin community with not only the highest-performance ASICs and rigs on the market, but to further enable the Bitcoin network itself with additional security and resilience thanks to the adoption of our bleeding-edge technology,” said Ravi Iyengar, CEO and founder of CoinTerra. “It’s not just about making a profit for us, we want to see Bitcoin established as a trusted and secure solution for payment – and we intend to be the company that establishes that level of industry transparency and credibility with our customers.”

About CoinTerra

CoinTerra designs and produces best-in-class Bitcoin mining ASIC processors and systems. The company’s state-of-the-art design methodologies and advanced architectures enable the delivery of Bitcoin mining solutions with the highest performance ASICs for the lowest power and die area. CoinTerra boasts a highly experienced engineering team of semiconductor architects and designers who have previously designed some of the world’s highest performance CPUs, GPUs and chipsets for NVIDIA, Intel, Samsung, Qualcomm and Nortel.

http://cointerra.com/
http://www.youtube.com/watch?feature=player_embedded&v=K199f61n4qM


Personal Note: Well, thats a team..

Since they don't plan to follow the ASICMiner model,which is a bit grey due to the Money Transmitter Business registration reqired, they wants to place themselves as a pure  hardware vendor,and hence the ROI on this machine seems to be excellent at first glance.
Fill your farms with stuff worth filling it with.
Happy Hashing.
3  Local / India / SBI international fund transfer on: July 05, 2013, 01:06:12 PM
https://www.onlinesbi.com/personal/international_fund_transfer.html
Quote
International Funds Transfer
Scheme Objective & Purpose:
To introduce a product offering to our customers in India with the convenience of remitting funds abroad for gift-designed / sundry remittances' without visiting any of our branches, at competitive cost, within the RBI guidelines.
Customized Internet-banking user-based outward remittance functionality.
International Funds Transfer up-to a value equiv. of USD 2,000 per transaction, Maximum 4 transactions permitted per month i.e. maximum USD 96,000 per calendar year, designated as education, medical treatment abroad and maintenance of close relatives are offered to our retail customers. The scheme envisaged is within the scope of RBI Master Circular No. 01/2012-13/6 - dtd. 02-07-2012) on Misc. Remittances from India-Facilities for Residents
Compliance Requirements:
Remitter / Applicant’s registration of PAN no. in CBS with the Home Branch is mandatory.
Remitter / Applicant has maintained the bank account for a minimum period of One year prior to the remittance. Not available with the new customer for less than One year.
Restriction on initial remittance to overseas beneficiary within 5 days of new Beneficiary activation is equivalent in INR 50,000/
User-ID and Password security is exclusively to the responsibility of the remitter / applicant (INB user) and no claim subsequent to remittance application received shall be accepted by the Bank.
Total amount of foreign exchange purchased / remitted through all sources, in India during this financial year shall not exceed the annual prescribed limit of Reserve Bank of India under Liberalised Remittance Facility for resident individuals, for the said purpose, as prescribed from time to time.
Pricing:
Our charges upto the beneficiary Bank of the customer is USD 10 equiv Fixed (@ TT Selling Card Rate for the day) to be recovered up-front alongwith the application for effecting the remittance.
Platform: - "Online SBI" i.e "www.onlinesbi.com"
This product is delivered through the "Online SBI" platform, through technology interface. Only individual "Per" Segment customers registered in Internet Banking of our Bank and maintaining account with any of our Metro / Urban Branch for minimum period of one year prior to the remittance would be eligible for availing the facility.
Available Currencies for ordering remittances:
In three currencies viz. USD, Euro and GBP.

Available at Geographical locations:
United States of America (USA)
United Kingdom (UK)
Australia
New Zeland
France
Germany
Japan
Canada
Singapore
Hongkong
South Africa
The benefit of the proposed scheme can be summarized as:
Advantage for Customers:
hassle-free forex funds remittance option  from within the comfort of their home / office
e-mail confirmation to Applicant conveying  remittance transaction details
system-driven funds delivery within reasonable time (next working day) at minimum cost
Simplified RBI/ FEMA, etc. regulatory compliance requirement.

Does this solve the exchange a/c funding problem from an INR bank a/c.
4  Local / India / Mining fundamentally is only marginally profitable. on: June 28, 2013, 04:45:05 AM
BTC is no get rich quick scheme. Miners paying for power will cry very very soon, as they have always been crying. More hash rate is added to the network until mining is only marginally profitable, and the guys paying expensive electricity have no other choice than turning off their rigs or away from BTC, which happened at the end of 2011 and in 2012, and is happening now to all those that have no asic (gpu miners).

We just had a very short time window(disruptive tech window) in which mining with an asic was wildly profitable: that window is closing right now.

Good luck to guys with low power costs.
Happy hashing.
5  Local / India / KncMiner Mars 6Ghps FPGA OpenDay on: May 24, 2013, 09:59:20 AM
KnCMiner is showing off their FPGA in a few days Openday

Hi all,

This topic has been created especially for the Mars open day.

We have some pictures for you to look at as all parts are in the building
below is one the Mars blades with heat sinks mounted.



Then we have one without heat sinks mounted so you can see the chips.





Thanks

KnCMiner team

Their FPGA is almost ready,
Order the FPGA for $ 2,795.00
You get the FPGA.  
Automatically get in Queue for their ASIC scheduled for September,
Pay extra $1795 for the ASIC when its ready.
Get the ASIC.

Note: FPGAs and ASICs are worlds apart, ASIC dev and release might not be as fast as as FPGA.
6  Local / India / BitcoinStore.com - Electronics super store with over 500K items! on: May 21, 2013, 09:03:00 AM
https://bitcointalk.org/index.php?topic=122190.0

I'm proud to announce the beta launch of BitcoinStore.com
BitcoinStore.com is the world's first, Bitcoin only, super store.
We currently have more than 500,000 products available for immediate shipment, including PCs, Laptops, Hard Drives, Printers, Digital Cameras, Monitors, TVs, Software and more!
Our prices are often lower than other major retailers like Amazon.com, NewEgg.com and Buy.com
This is possible because we have partnered with the worlds largest wholesale technology distributor, and avoid traditional merchant fees because we accept Bitcoin only.
In the very near future, content from other partners will be added so we will have more than 1,000,000 products and full international shipping support.

Some current examples of great deals from BitcoinStore are:

LG 55" 120HZ LED TV

BitcoinStore $1,163.17
Amazon $1,303.13
Newegg $1,249.99


HP 17.3" LED Notebook - Core i7 i7-2640M 2.8GHz

BitcoinStore $1,985.51
Amazon $2,266.66
NewEgg $2,317.00


Dell 2350D Laser Printer

BitcoinStore $175.66
Amazon $202.01
NewEgg $204.99

and much much more!

Domesting shipping is FREE on all orders over $100 USD.
$4.99 shipping for all domestic orders under $100
International FedEx and USPS shipping options are now available.
There is currently a $1,000 order minium during our beta launch.  (This will be removed soon)

In order to maintain these competitive prices, I will need to sell more than $800K USD worth of goods per quarter,  so please place your orders and help spread the word!

Please post your questions,  bug reports, and feature requests in the thread below.

Quote from Bitcoin Core Developer Jeff Garzik
Another review:

1) Ordered loaded Samsung laptop.  Was marked in stock, and arrived within 2-3 days of ordering.  Very fast turnaround, even with "standard shipping" (I was hoping for next day processing and shipping).  Laptop works great.  Very happy with this order.

2) Ordered 4x LED flashlights, with 3x of the same type (0.5W "super-led").  1x shipped immediately.  2x just arrived today.  Still waiting on 1x.

Checkout the Graphic Cards section.
7  Local / India / Old News: LTC Payment Processor By MtGox on: May 18, 2013, 01:41:22 PM
http://ltcpp.net/


http://www.whois.com/whois/ltcpp.net


Nothing new as such.
8  Local / Mining (India) / Avalon chip @ 0.086 BTC/chip + ASIC Board Assembling Services. on: May 13, 2013, 04:23:41 AM
[Work in progess] Burnins Avalon Chip to mining board service
https://bitcointalk.org/index.php?topic=179769.msg1875862#msg1875862
I decided to move my project from the DIY thread to prevent mixups with the other DIY projects.

Product Description:
# 10/20 Avalon chip module - 2.82/5.56 Ghash/s nominal speed
# 4 Layer thermally enhanced PCB
# PIC32 native USB-Controller
# CAN-Bus inter-module communication (Only one USB connection for up to 32 Modules)
# Power Connectors: 6Pin VGA, barrel jack for wallwart, power-stacking-connector.
# Power requirement: ~20/40 Watts @ 12V
# Onboard 25A/50A switcher for core voltage
# Easy stacking option
# Host protocol: Avalon emulation
# Temperature controlled Fan



Stacking will be similar to the cairnsmore boards from Enterpoint.
The CAN-Bus module connection will allow modules to form a big cluster like the Avalon machines.
That way you need only one USB-Connection for up to 16 Modules, maximum bus-length >10 Mtr.
Adequate cooling solution will be provided.
The host protocol will be an emulation of the Avalon host protocol.
Mining Software will be cgminer.
This is an open-source project, the sources will be released when the product ships.

Ordering and Pricing Info:
i offer only an assembly service this means you have to buy the Chips yourself and have them send to me for assembly.

List of Chip distributors i work with:
Zefir (order window closed)
ragingazn628 (order window closed)
SebastianJu (open)

Zefirs sale thread: https://bitcointalk.org/index.php?topic=177827.0
SebastianJu's: https://bitcointalk.org/index.php?topic=187660.0


How will the ordering work?
When ordering from me you'll have to include a message, signed by your address, that you want me to receive your chips.
I will run checks that that address has indeed paid the amount of Chips and that you indeed own the address.
That will be handled by Scripts.
I forward a list of all the signed messages to the Chip distributor (Zefir, SebastianJu, ragingazn628) so he can verify the data himself.
Then the Distributor will ship the chips directly to me for assembly.
That will greatly reduce the amount of work and communication.
>> you have to be able to sign messages with address used for the payment of the chips!<<

A how2 for the signing process with bitcoin-qt can be found here:
https://bitcointalk.org/index.php?topic=179769.msg1922342#msg1922342

Assembly cost can be paid in BTC or Eur. (Paypal, Wire Transfer)
Expect about 80 Eur assembly cost per module (that doesn't include chip cost).
For The 20 Chip Module expect about 100 Eur.

There will be the following order options:
1. Completed 10 Chip PCB with mounting materials and cooling solution
2. Completed 20 Chip PCB with mounting materials and cooling solution
3. Bare bones assembled 10 or 20 Chip PCBs for the DIY folks
4. Empty 10 or 20 Chip boards for hard-core DIY (If you ordered chips from Zefir i can send them together with the boards)

Ordering will be done through an dedicated website that is not up yet.
The website will open in mid May.

Timescale:
Shipping could begin within a week of receiving the chips.
This will put the date approximately mid July.
Production capability ~1000 modules per week.

warranty
There will be a limited 2 year warranty on my products.


FAQ:

Q: Can I order now to have a "good" place in the order cue?
A: No, you can't, ordering will start with announcement of the definitive price.

Q: I bought 10k chips on my own, can you assemble them?
A: My assembly service is open to anyone who wants Avalon chips turned into mining boards.

Q: Does it have LAN or Wifi connection?
A: No, it is a USB device, you could use a Raspberry Pi, Wifi-router, NAS-device or your PC/Laptop/Mac as host.

Q: Can't the chips be put in sockets?
A: The chips conduct almost all the heat trough a pad underneath, sockets don't provide an adequate thermal connection to this pad.

Q: Where are you based?
A: Germany

Q: Whats your email address?
A: burninmining_AT_gmail.com

Q: Do you offer Shippment to country X?
A: I will ship to almost any country worldwide but check your customs regulations first

Q: I have ordered from a different chip group buy can i use your service?
A: Yes you can, in the best case we would arrange a direct shipping from the distributor to me.


[Group Buy] Avalon ASIC Chips (SebastianJu) Batch 2: 1373 ASICs gone 11373 sold
https://bitcointalk.org/index.php?topic=187660.0

List of Avalon-ASIC-Miner-Developers
Hello,

i would like to have a list of asicminer-developers that want to create a miner for avalon-asics. This list should stay here in first post to have an overview.

Ill start here:

Quote
Forum-UserProject NameThreadMiner for X AsicsMiner TypeCost of MinerDeveloper LocationMiner sent to Customer or handled by Developer?Sending Groupbuy-Asics to Developer for assembly?
burninClick10Complete Miner80€GermanySent to CustomerYes
burninClick20Complete Miner100€GermanySent to CustomerYes
flyonwallClick10Complete Miner2.54BTCCebu City, PhilippinesKept by Developer and pays out dividendProbably yes
BkkCoinsKlondikeClick1DIY (Including board + parts | without ASIC, heat sink, ATX PSU and cables) See Note *1$16ThailandSent to CustomerProbably yes
BkkCoinsKlondikeClick16DIY (Including board + parts | without ASIC, heat sink, ATX PSU and cables) See Note *1$35ThailandSent to CustomerProbably yes
BkkCoinsKlondikeClick64DIY (Including board + parts | without ASIC, heat sink, ATX PSU and cables) See Note *1$100ThailandSent to CustomerProbably yes
BkkCoinsKlondikeClick1DIY (Including board only)$6ThailandSent to CustomerProbably yes
BkkCoinsKlondikeClick16DIY (Including board only)$12ThailandSent to CustomerProbably yes
BkkCoinsKlondikeClick64DIY (Including board only)$25ThailandSent to CustomerProbably yes
alltenProbably yes

Note: Please check out for yourself if the developers are trustworthy.

*1 (Klondike) If you want to create a miner with this set you need: "Board, parts, oven (preferably with temp profile controller), skill, solder paste, stencil, technical aptitude, some inspection magnifier probably, tweezers (preferably vacuum), dexterity with tiny parts (0402 caps are the size of a grain of rice), soldering iron for fixes and thru-hole pins. Maybe I've forgotten something, but otherwise that's it."

Please give more details, ill add it here then.

Batch Buy 10+ Avalon chips from Sebastian Ju(Germany) > Ships to Burnin (Germany) > Multiple Miners in Single Package to India> Redistribute here.

Expected Shipping Time Scale: August- September
Avalon Chips: shipping takes 10 weeks.
Assembling Time : Production capability ~1000 modules per week. Depends on your order number.


Burnin Complete Miner:
10chip Miner: 2.8Ghz :100$+ 0.86 BTC ~ 200$
20chip Miner: 5.6Ghz :130$+ 1.72BTC  ~330$

Note:Assembling is a complex process, it isn't simple soldering.
Alternative,
BKKcoin Miner Board Only
Bkkcoin Board +Chips:
1chip miner :   0.28 Gh/s : 0.866BTC+6$(Kit) = 16$
16chip miner : 4.5   Gh/s : 1.376BTC +12$(Kit) = 170$
64 chip miner :18.04 Gh/s : 5.504BTC +25$ (Kit) = 660$

+heat sink, ATX PSU and cables +  Local Parts [not sure what else] + Assembling cost (More headache)

Alternative,
BKKcoin Miner Board +Parts
Bkkcoin  Kit +Chips:
1chip miner :   0.28 Gh/s : 0.866BTC+16$(Kit) = 26$
16chip miner : 4.5   Gh/s : 1.376BTC +35$(Kit) = 195$
64 chip miner :18.04 Gh/s : 5.504BTC +100$ (Kit) = 735$

+heat sink, ATX PSU and cables+Assembling (Less Headache)
9  Local / Alt Coins (India) / INR to Bitcoin via Ripple on: May 12, 2013, 02:28:25 PM
Sorce : https://ripple.com/blog/disruption-target-1-remittance/

Quote
Ripple comes to Hyderabad.
Let’s imagine how Ripple could impact India, the world’s largest remittance destination.

You own a gas station in Hyderabad and want to increase revenue and help your community. You set-up a Ripple gateway and stick a sign in the window: “International payments, 5,000 rupee limit, 1% withdrawal fee.” Gradually at first, and then with regularity, payments start coming in from around the world. It’s a steady profit that requires almost no work and creates a new stream of grateful customers — for some, their Ripple account is their first account of any kind. Soon other businesses have Ripple signs in their windows, and later the cooperative credit unions also join. Your 1% fee is now considered a bit high, but just to remind everyone, you add “First Gateway of Hyderabad” to your sign.

India has a wealth of candidates for Ripple Gateways: banks, gas stations, cooperative credit unions, NGOs, hotels, post offices, telecom companies, convenience stores, or almost any reliable business — in other words, the same pool that serve as agents for Western Union or other remittance companies. The upside is obvious. The barrier to entry is low.

What would happen if Ripple replaced the remittance operators in India? India is a $70 billion remittance destination, which means, based on the global average, $6.65 billion goes to the remittance operators. If remittance costs dropped to 1% (as a reference, the gateway Bitstamp charges 0.20% for Ripple transactions), then poor Indian families would have an extra $5.95 billion annually. To put that in perspective, India’s education budget in 2013 is $12.25 billion

I see potential in Ripple in solving the Lack of INR > BTC exchange.
Could be used in many ways :
INR > USD > BTC @ gox
BTC @ gox > USD > INR

Anybody could setup a Gateway, before Foreign remittance kicks in(long term), BTC buying via Ripple could help ease the BTC supply problem.(1.5% fee)
Its still in Beta, Dont know what the situation is currently.

Quote
How Ripple works
At its most basic, Ripple is a simple way for anyone in the world to send money to anyone else at practically no cost. This reach, speed, and affordability are the advantages of a platform built for the distributed internet.
Because Ripple is a single unified system that doesn’t require ACH, banks, or credit card networks, Ripple avoids many of the obstacles that drive other systems’ fees and hassles. Ripple also automatically exchanges currencies within the platform to make global payments easy. Finally, Ripple network is truly open. Anyone can use it. It will be fully open sourced soon, so anyone can build on top of it.

Lets Wait n Watch..
10  Local / Off-Topic (India) / Satoshi on: May 11, 2013, 04:46:25 PM
Found this after a search,
Profile :
https://bitcointalk.org/index.php?action=profile;u=3

500+ posts:
https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts;start=0

We should have a gentleman's agreement to postpone the GPU arms race as long as we can for the good of the network.  It's much easer to get new users up to speed if they don't have to worry about GPU drivers and compatibility.  It's nice how anyone with just a CPU can compete fairly equally right now.

Din't have to worry about ASICS did he, Lucky lad  Grin

Quote
Question:
Quote
Also you could pre-seed the blocks so they won't have to be downloaded upon initial run. (Downloading 28,000 blocks on a slower ADSL takes forever I couldn't imagine how long it would take when there are millions of blocks -- a lifetime).
Answer:
There were some issues in 0.1.5 where the initial block download could get bogged down.  0.2 has code to make sure it goes smoothly.  It ought to take less than an hour, I think.  I need to hurry up and get 0.2 out the door.

The blocks increase linearly, it'll be decades before it's millions.  In theory, the block download time should top out 8 months from now when Moore's Law will be growing faster than the block chain.

Damn man, this wasn't supposed to go out of hand. Look where; we are at.  Embarrassed
We definitely took him more seriously than he did  Grin

The second last post:
Quote
It would have been nice to get this attention in any other context.  WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.
My inference: Swarm=US Govt. He definitely thought Govt regulation was coming.   Sad
Maybe thats where the end is.
I'm still hopeful, like alcohol they just tax it, rather than Ban it. Fiat to USD regulation is easy; think i read Gox stopped Gox codes coz of that.
Bloody weed on SR, who cares. Well in the end laundering and funding in grey and black areas might attract a critical mass of attention>> Hornets Nest> Stung on the Ass.  Shocked


Just for the lulz.
11  Local / Marketplace (India) / Poll: Would you buy a 300 Mh/s USB ASICMiner? on: May 08, 2013, 01:31:43 PM
Introduction

The Block Erupter USB series is the second major product of Bitfountain. Its experimental batch (Emerald) has passed all tests. Each one mines at more than 300MH/s, powered only by the USB port.

It serves as a replacement of GPUs for mining hobbyists. Your GPUs could be freed from calculating hashes and resume rendering for you. It is also a perfect gift for getting people knowing about Bitcoin and Bitcoin mining.

The Emerald Batch

This is our experimental batch, and consists only a few number of devices.

This is a picture showing the relative size to the laptop. One with heatsink and one without.


We also tested it on the USB-hub. Seven in a row run over a whole night and are all very stable.


This is the picture showing its size against a coin.


Specification
Color: Green
Hashrate: >300MH/s
Mining Protocol: Icarus

This batch will be given away to miners, fans and hardware/software developers made the assignments to us long before. It has some issues working with cgminer, but the modular python miner works fine. We will fix this in the first mass production batch (Sapphire). It also exceeds a bit of the USB spec of max current (560mA vs <500mA), but in our experiment most devices (PC, laptop) could power it up.

The Sapphire Batch

This is the first batch under production in quantity. Its lead-time is conservatively 15-20 days.

Changes and Improvements
Color of PCB changed to blue
Adding a LED which blinks when a share is found
Fixing the cgminer compatibility problem
Reducing the heat generated and the current to <500mA

This batch will be for group-buy and retailers. The quantity of each order should be more than 300 devices. The price is fixed at 1.99 BTC. We will start the group-buy threads as fixed-price auctions in the auction subforum. When your order is fulfilled you could pay and ask for refund anytime before the tracking number is generated (trackable on internet). After shipping we do not refund, but still guarantee a six-month warranty of free replacement like our blades. However the replacement should also come in batch (10 at one time).

Interested purchasers could contact me even before the group-buy threads are created. Smiley

Original Thread : https://bitcointalk.org/index.php?topic=195004.msg2025318#msg2025318
Friedcat has already shipped Block eruptor blades and this is not a pre order, product is ready to ship.

The idea is to club our group buy with some other countrys' group buy. So no need to reach the 300 threshold required for a buy.
This poll is just to gauge interest on the forum.

Expected final price :Cost Price 1.99 BTC + Shipping
(Approximately Rs 12,000+ @ 110$/BTC)
Note: Not capable of Scrypt mining
At current difficulty ROI : 133 days for break even, Profits after that.
12  Local / Buyer/ Seller Reputations (India) / Anybody willing to loan 0.01 btc on: April 28, 2013, 10:32:45 AM
Anybody willing to loan 0.01 btc  Grin ?

Edit: Got it.
13  Local / India / Funding exchange accounts. on: April 12, 2013, 10:49:23 AM
Anybody with experience of funding btc-e account? Fees and which method you used?


Alternative methods
https://localbitcoins.com
http://www.ecurrencyzone.net/buy.php

Which is an economical way of buying bitcoin and litecoins? Western Union, Liberty reserve or any other payment processor?
How do i fund my btc-e account, +fees incurred?
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