So what happens to the amount remaining if I am sending less than the available input(s) used?  Is it returned back to that address from the private key?

Heh, payment method arbitrage.

Wouldn't it be better though if oDesk, Freelencer.com, etc, were to simply offer Bitcoin as a cash-out method (and as a funding method for employers)?

Related:

There are a number of Bitcoin-related services experiencing atypical DDoS attacks in the past few weeks and these seem to be increasing in number.  It's like it has gone far beyond simple griefing and / or theft as the motive.  It's like there is a fatwa against Bitcoin.

That is awesome! Thanks!



Incidentally, piuk made it pretty easy to offer this where you don't need to add the private key to your own wallet, ... simply supply the destination address in an API call:

Either way, VirtEx doesn't take Interac ...


Time to start working on finding people locally who are willing to trade.

Actually, the title is rather ambiguous.

Are you offering $120 in MoneyPak to trade for someone else's 10 BTC, or are you looking for $120 in MoneyPak and will pay with bitcoins?

I presume the former, but your post isn't entirely clear.  You might put:  [WTS] $120 MoneyPak for 10 BTC to make it more clear.

I know of there having been trades of Pokerstars $s for bitcoin and vice-versa, so perhaps if there was a way to do account-to-account transfers of funds (or to hand over an account balance to someone else by transferring to them the login credentials) there might have been some Bitcoin related transactions without the site having any knowledge of it or involvement in it.

Also, some of these online gaming services use a payment intermediary (e.g., Moneybookers/Skrill) which can farily easily be converted to bitcoins and vice-versa.

Here's a somewhat-related post on Ayre's site:
 - http://calvinayre.com/2012/09/03/business/bitzino-touts-provably-fair-games-but-can-bitcoin-only-casinos-succeed/

When an exchange or other EWallet provider keeps most coins in cold storage, there is a supply management issue that arises.  This is similar to how bank policies exist so that if you want to withdraw large amounts of cash then you may have to wait a few days for the bank to get a transfer of the cash delivered first.


I don't know that is what happened in this instance, but that would explain why a delay might occur.

Paymium (who operates Bitcoin-Central) is expanding their exchange and seeing fast growth with Instawallet and their other services.  It is possible they are needing to transfer from cold storage with increasing frequency as their services become more widely used for larger and larger amounts

This isn't what you wanted to do but perhaps if you want a quick and dirty solution, you can use Blockchain.info to sweep the funds from a private key to an address in your local wallet.  That way you don't need to import that private key into the bitcoin.org client.

That can be done using the API:

So what do you need to do this, just the VIN and bitcoin payment?

And that is with 50 BTC per block reward subsidy.  So the drop to 25 BTC will in an instant make mining on GPU something you can no longer do at a profit, regardless of whether your rates are daytime or nighttime, right?

If you don't find a trade here, you can try on the #bitcoin-cad channel, perhaps someone there is looking to swell.
 - http://webchat.freenode.net/?channels=#bitcoin-cad


They don't have any cash deposit methods in Canada yet, and their Online Bank Transfer, which was launched as a beta feature, currently responds with an error for me.


Seriously?

The more these exchanges start to look like banks the more dire the need for a peer-network of individual traders.  There's nobody else on LocalBitcoins?  Or have you put up a request to buy coins?  Sometimes miners won't list themselves but do look for a buyer through the site.
 - http://www.LocalBitcoins.com

InstaWallet is a low-security wallet, which doesn't require username or password to access the wallet.

Thus knowledge of the URL gives the ability to spend the funds.

Your browser will cache the browsing history, so unless you clear history you should be able to recover the URL from your browser.

There's a reason why cash-in-the-mail is well used ... privacy for the sender remains intact.

So if you are buying bitcoins with cash-in-the-mail, your transaction remains quite private.

But if you are cashing out your coins, cash-in-the-mail to you does not necessarily protect your privacy from the sender knowing who you are.

The challenge in trying to transfer a physical item without the sender knowing the recipient is something seen quite often in spy movies.  The same techniques applies though for truly anonymous cash transfers, including the tactic of employing a dead drop:
 - http://en.wikipedia.org/wiki/Dead_drop

There are secure communications methods (e.g., GibberBot + Orbot on an Android mobile) that can let two counterparties conduct a trade without ever needing to directly interact.

Certainly though, there could be restrictions against transferring cash in this manner in many jurisdictions -- particularly with larger amounts of cash.

Now if in instead you simply meant how can you trade without showing an ID, there are many methods.

Bitcoins Direct now takes cash deposit at several banks.  BitMe.com accepts cash deposits at Chase.   Individual traders on LocalBitcoins.com can be found.

And for cashing out, LocalBitcoins.com works for that as well.

Another option instead of simply converting to cash for everything, bitcoins can be spent when making purchases.  If the places you would consider spending your coins at don't currently accept bitcoin, each reminder the merchant receives about bitcoin will help make the day where they do accept bitcoins come sooner.

You would be in the extreme minority then.

What do you pay for electricity?

I ran the numbers and find that about $0.11 per kWh is breakeven on the most efficient GPU configurations.  So unless you are paying like $0.07 per kWh or less there's no point in GPU mining after block 210,000  (unless difficulty takes a dive from other GPU miners dropping out).

Dump at block 210,000.  Not a minute sooner, and not any later. 

Let the miners who then move on to dabble with Litecoin be the ones to sell their GPU hardware in 2013.

Well, physical theft is the most likely risk, if I had to guess.

Your renter's insurance doesn't generally cover losses for your customer's equipment.    There might be a commercial policy that you could get that would explicitly cover this, I'm not sure. 

Pick one.

The factors that matter in order to give you the best answer include:

 - Where are you located (country)?
 - How much are you looking to sell?
 - What form of cash are you looking to receive?
 - How soon do you need access to the proceeds?
 - Is privacy important?

In the U.S., ACH cash-out is definitely the preferred way nowadays.

You can get this from:
 - http://FastCash4Bitcoins.com
 - http://BitFloor.com
 - http://BitMe.com
 - http://Coinbase.com

A little above average.

ZeroHedge probably didn't hurt.

Here's a way to see history:
 - http://bitcointalk.org/index.php?action=stats

Be wary of using those metrics as criteria for investment.  It almost seems that when there is a rally there is an influx of the "one liners" who register and post.  Even if it was manual (e.g., paid via mechanical turk) it isn't reflective of true interest in Bitcoin and instead just a way to manipulate the market as some do consider things like forum posts and new users in their investment algorithms.

Anxiously awaiting two-factor auth (e.g., Google Authenticator) for withdrawals.
and redeem private key (w/ button for scan QR code) to add funds.