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1221  Bitcoin / Bitcoin Discussion / Re: America's First Bitcoin Gun Store on: March 17, 2014, 11:56:47 PM
"This isnt about you clearing a building as a one man army Haha!  This is about your personal protection, and the protection of your family"

Right ...

That's why they have semi automatic assault rifles that can fire 60 rounds per minute.

Because as we all know, a minimum of 60 bullets sprayed all over the room is necessary to stop a burglar.

-B-
I prefer a select fire assault rifle that can let loose 18 rounds per second. If it is good enough for the SWAT teams, it is good enough for me.
1222  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: March 15, 2014, 07:36:01 PM
So finally I get a response after almost 2 weeks and they say that the information is invalid. I use a credit Union and as a result there is an intermediary bank that it has to flow through but since KNC's system doesn't allow for that they can't process the refund? I think they are just being lazy or this is a stall tactic. I'm going to be pissed if I need to open a new bank account for this. What a cluster&%@@.

Credit Union's work differently than banks when wiring transfers and receiving write transfers, to you and I we wouldn't know the difference as the customer. So KNC's bank likely won't wire transfers to Credit Union's requiring you to open a bank account. This isn't uncommon for banks to require another major bank to be receiver of wire moneys.

http://money.howstuffworks.com/personal-finance/banking/difference-between-bank-and-credit-union.htm


It is really very simple. In the US a "wire transfer" could mean a transfer of funds over the ACH network or the SWIFT network. The ACH network requires an ABA routing number which is valid in the US only. The SWIFT network requires a BIC number and is valid across the global SWIFT network.

Internationally, a "wire transfer" usually means a a transfer over the SWIFT network. The Swedish bank would know nothing about US ABA routing numbers. If your regional bank or credit union does not have a BIC number, it is not on the SWIFT network cannot receive funds directly from an international bank. It needs to go through a correspondent US bank that has both SWIFT and ACH connectivity, and that is when things are likely to screw up.

Source: Direct experience building SWIFT to ACH gateway systems.
1223  Economy / Speculation / Re: Bitstamp is the Next Gox and why Bitcoin will be at $300 soon on: March 12, 2014, 12:29:55 PM
I was having many problems withdrawing btc and fiat from bitstamp.  I repeatedly entered the amount of bitcoin or fiat that I wanted withdrawn.  This went on for around 10 days with sporadic responses from my daily customer support tickets.  I always confirmed the withdrawal by clicking on the link within the confirming email, and did it right after I received the email. The request always showed "canceled" after one hour.  Finally, someone from bitstamp support suggested that I use the same browser when making the withdrawal through the bitstamp website and when I click the link within my confirming email.  The email address I use is my work email which is on the cloud.  I get on the internet outside of the cloud.  I went on the bitstamp website within the cloud, made the withdrawal request, went to my email within the cloud and clicked the link within the confirming email and I now see that the withdrawal is being processed.  When I withdrew btc in the past I did not have to do this, but apparently you do now.  So try staying within the same browser when confirming your withdrawal. 

I have not received the funds yet.  If I don't I will update.  Good luck
That is a pretty retarded security hurdle, if you ask me.
1224  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: March 11, 2014, 12:24:33 AM
Omg how the hell you want to compare a machine which suxx 400 watt for 190 Gh to machines which use less then half of that power for the same hashpower
Fraking wankers stop comparing these, let your brain work a bit if it can.
I offer some miner for sale who use half the freaking power and people start crying i can buy a ant for less .... brainless twirps

The reality is that the monthly power cost required to operated these miners is still relatively low when compared to the cost of the hardware. For small time home miners who are not close to maxing out their Amps usage it makes sense to compare the price per GH/s with that of an Antminer.
1225  Bitcoin / Bitcoin Discussion / Re: Is bitcoin a white/asian thing? on: March 09, 2014, 01:16:39 PM
A regular buyer of my mined coins happens to be a black guy. Another regular buyer is Hispanic. Due to the fact that I only have 2 regular cash buyers, should I be thinking that the representative Bitcoin buyer is 50% black and 50% Hispanic?
1226  Bitcoin / Bitcoin Discussion / Re: When Wall Street will finally jump in? on: March 08, 2014, 06:33:35 PM
The US is not a democracy. Never was.

bull.  SHIT

It's a republic.

I pledge Allegiance to the flag
of the United States of America
and to the Republic for which it stands,
one nation under God, indivisible,
with Liberty and Justice for all.
1227  Bitcoin / Bitcoin Discussion / Re: Counterfeit Bitcoin? on: March 05, 2014, 02:49:39 AM
Absurd and mathematically impossible. The concept doesn't even make sense... Like saying someone has created a counterfeit solution to an equation  Grin
More like saying that somebody knows a shortcut method to solving a block.
1228  Bitcoin / Bitcoin Discussion / Re: Would you pay for (or want) FDIC-style Insurance for your BTC? on: March 04, 2014, 07:40:24 AM
Yes, I would love an FDIC-style insurance program for my coins ... as long as the premiums are paid by other people's taxes and not mine.
1229  Bitcoin / Bitcoin Discussion / Re: [PROPOSAL] - lock the apparent Mt. Gox coins for now on: March 04, 2014, 07:17:06 AM
If you fork the blockchain it is a guaranteed fact that somebody somewhere will get screwed over. How could this be a good idea?
1230  Bitcoin / Bitcoin Discussion / Re: What's the most stupid comment you've heard about bitcoin? on: March 03, 2014, 03:03:21 AM
"Stolen coins should be tracked and blocked."
1231  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: March 02, 2014, 12:09:33 AM
why even bother to run a jupiter at todays difficulty?

Because each Jupiter costs ~$100 per month in electricity to run at 15 cents per kilowatt hour, and will bring in between 2 and 3 bitcoin in the next month.

We're still a long way from a Jupiter being unprofitable to run, and it's fairly power efficient compared to most other hardware on the network at around 1.3W/GH.
Aren't Jupiters still right up there in terms of power efficiency?  If not, can someone please show me a more efficient miner?  My batch 1 (October) Jupiter is 1.2 W/GH/s.
MegaBigPower Bitfurys are typically 0.9 W/GH/s. I have run them as low as 0.7 W/GH/s when undervolted (375 GH/s @ 260W for 16 cards).
1232  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: March 01, 2014, 09:01:34 PM
why even bother to run a jupiter at todays difficulty?
Excuse me but at the current difficulty a 750 GH/s Nov. Jupiter is still mining at a rate of 3 BTC a month.
1233  Bitcoin / Hardware / Re: Antminer does not power on on: March 01, 2014, 12:25:35 AM
With the newer ants the fan kicks in only after it has been mining for several seconds and has built up some heat. If it is not mining, the fan stays off.
1234  Economy / Service Discussion / Re: clawback risk to former mtgox customers on: February 27, 2014, 09:12:36 AM
How would you even begin to compute the concept of a clawback on an exchange?

There would be:
1) Winning traders who grew their account over time.
2) Losing traders who dwindled away their account balance.
3) People who are in and out quickly, e.g. wiring in USD and immediately withdrawing BTC, but who never maintain amy significant balance over time.
    3a) net sellers of BTC (I heard that this was still possible for non-US non-EU customers)
    3b) net buyers of BTC
4) People who treat it like a bank or online wallet.
5) Any combination of the above.


Plenty of Ponzis/Scams pretended to invest or even partially invested in real stocks/securities/commodities.  All of that is irrelevant if its determined it wasn't real.  See MF Global and PFGBest as examples.
Yes, but these for the most part were not self-directed customer accounts as Mt.Gox accounts were.
1235  Economy / Service Discussion / Re: clawback risk to former mtgox customers on: February 27, 2014, 08:57:43 AM
How would you even begin to compute the concept of a clawback on an exchange?

There would be:
1) Winning traders who grew their account over time.
2) Losing traders who dwindled away their account balance.
3) People who are in and out quickly, e.g. wiring in USD and immediately withdrawing BTC, but who never maintain amy significant balance over time.
    3a) net sellers of BTC (I heard that this was still possible for non-US non-EU customers)
    3b) net buyers of BTC
4) People who treat it like a bank or online wallet.
5) Any combination of the above.

1236  Economy / Service Discussion / Re: Was MT Gox just a ponzi? on: February 26, 2014, 05:59:38 AM
What OP was alleging is embezzlement, not Ponzi. Jeez!
1237  Bitcoin / Bitcoin Discussion / Re: Money stuck in Bictoin-QT on: February 25, 2014, 12:13:42 PM
Can you see the transaction on blockchain.info?
1238  Economy / Service Discussion / Re: Official Money Lost in Mt. GOX Thread on: February 25, 2014, 11:58:23 AM
$0.32, or maybe $0.23, that I left back in 2012. Can't remember the exact number.
1239  Economy / Service Discussion / Re: Mt. Gox just verified me! on: February 25, 2014, 03:00:35 AM
I guess with the imminent demise of the company there are no more new accounts being created. The guy whose job it is to verify accounts could finally catch up with his backlog.
1240  Bitcoin / Hardware / Re: Official BITMINE CoinCraft series 28nm ASIC miners thread on: February 24, 2014, 08:25:29 AM
I'm #39 in queue and still waiting for a confirmation...
We have two threads to track Bitmine orders:
Batch 1 customers: Bitmine list of orders - December 2013 delivery (batch 1)
Batch 2 customers: Bitmine list of orders - February 2014 delivery (batch 2)

I encourage all Bitmine customers to add their information to the appropriate thread.  It helps us as customers to keep track of what is going on. 

If you haven't got a thread for your batch, consider copying one of the above threads to start a new one.
I am pretty sure Batch 2 is January delivery, because I have an order in that Batch and it clearly states that.
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