Starting Bids at $140/BTC

[UPDATE :]

UPDATE :
KROGYAN IS DEFUNCT.
ALL INVESTORS ARE PAID BACK IN FULL.
Domain/Dedicated servers are released.

So lets make this post the hub where you ask all your trading related queries ? And ask expert traders about various terminologies and tips and tricks .. and offcourse donations

Should I buy or should I wait ?         

Great site if you ask me, but WAY too slow in response !

The signup was a pain in the ass.

However they offer you FREE bitcoins everytime you sign in.

However this amount is not shown in the actual balance .. i dont know why?

The site says that they are 'working' with the banks to enable direct withdrawals. I wanna know how many of you have actually traded/deposited your coins in this bank.

If this site is legit or not.

[**NOTE**AT ANY POINT I WILL NEVER DIRECTLY OR INDIRECTLY BE REWARDED FOR YOUR USE OF THIS GUIDE OR THE WEBSITES MENTIONED]

**NOTE**
AT ANY POINT I WILL NEVER DIRECTLY OR INDIRECTLY BE REWARDED FOR YOUR USE OF THIS GUIDE OR THE WEBSITES MENTIONED



1ST of all you must decide which type of card you want to use to fund your accounts, You can use any type of ATM cards from SBI,HDFC,ICICI etc I personally use VCC2 Visa verified ATM Debit Cards from Bank of Baroda

CASE 1 : ATM CARDS
---------------------

Step 1

With the card ready, head over to www.entropay.com it is preferable you use a VISA verified card but American Express, Maestro and Master Cards are also currently* supported.
Then sign up verify and link your physical card with the website.



Step 2
Create VIRTUAL Credit Cards through the site's interface, these are VISA verified cards and can be used with PAYPAL and SKRILL (i use them personally)

Fund your virtual cards with your real card and you are ready to shop or use them at any online store.

*These virtual cards are not acceptable at any Indian web store except ebay.in*



Step 3
Add the newly created Virtual Card to your paypal account (create one if you do not have one yet at www.paypal.com)


Step 5
Head over to https://join.secondlife.com and Sign up. NOTE the user id you create there.

Download their application & install it, it should take around 20 minutes to download & install.
Second Life is a game-like application similar to IMVU, you must have a Second Life avatar/account in order to use and verify your Virwox account (you may uninstall the application after you are done with verification)


Step 6
Head over to www.virwox.com and register
Use your Second Life avatar id to fill into the registration form when asked.

Confirm your Virwox using Second Life's application interface
(read the guides at Virwox.com to understand better about the verification process & how to do it - its simple basically)




Now you are ready to fund your Virwox account with your entropay virtual credit card using paypal.

*Virwox only accepts payments from verified Paypal accounts so make sure you verify your paypal account with the virtual Credit card*


Once you have funded your virwox account you must use the site's interface to buy SLL (Linden Dollars), you can use these SLL's to exchange with BTC

*Currently 1 BTC = 16400 SLL*

Once your orders are executed your account will have it's balance in BTC and you can transfer it to any bitcoin wallet that you may have.





CASE 2 : CREDIT CARDS
------------------------

Basically the same process just link your real Credit card with paypal directly & fund your virwox account with it, no need to sign up with Entropay



CASE 3 : KROGYAN
------------------

Most of you already know I operate a very minuscule forum exchange by the name Krogyan, and I would be happy to sell BTC, LTC and TRC (only) to my Indian brothers & their sisters

THIS METHOD SHOULD ALSO WORK FOR OTHER COUNTRIES AS WELL



*NEW TIP*

Signup for a NETELLER account it supports Indian VISA and MASTER Debit cards, this way you can avoid the hefty charge of Entropay.



**IF YOU FOUND THIS GUIDE HELPFUL THEN CONSIDER SENDING SOME COINS TO ME AS A TIP **
BTC: 1C5voy2et9odzmocDxirb4S6GrTJ6MeqsW
TRC: 18pokYsWUKkTtFq93WH2wW4heMZ5mF2cCu

Yes you heard it right, I need anywhere between 1200 to 3000 NAMECOINS (NMC)

So let me know if anyone is willing to lend and what kinda interest rates would I be facing ?

-edit-

Lets say now I need more than 4500 to compensate for the Market Crash

Any investor with any amount above 2000 would be appreciated.

Lets say I need a loan of 25 BTC what kind of documents and rates of interest am I looking at ?
I am an INDIAN citizen so i dont have a ssn so dont ask for it.
I am not employed by any company I make my own money by freelancing as a multimedia professional online- so dont ask for income proof, I can provide an *edited version of my paypal's transactions or the past 1 year.

I ve seen too many guys here and everywhere asking for 'loans' so that they will be able to buy a mining rig themselves, and then pay back with interest.
I know this cuz I am one of these guys.

The bad side to this is that most of these guys (not me lol offcourse not me) are Scammers, and the reason as to why there are so many scammers in the market is simple - Bitcoins once transfered is untraceable and un reversible, there is no service or methodology (none that I am aware of) which can guarantee the return of the lender's coins ?


Keeping these factors in mind, My questions are :

Is it in the best interest of the whole mining community in helping someone buy their rig ? Or is it a bad thing considering that another new miner would add up to the difficulty & reduced shares/rewards in a pool mining situation ?

2ndly Is it possible at all for guys like me who are seriously interested in getting into the mining business with the help of LOANS from the already active miners ? If yes, what kind of interest rates would be feasible ?

OK I know nothing about it, i have a little idea on how to start but I'd simply put this question to you guys & would answer and get involved myself with my inputs as you guys (old members) come along with some replies.


Basic question : how to build an FPGA miner using Spartan-6 chip from scratch ?