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1721  Economy / Auctions / Re: Brand New GPU Miner (3x 7970) for sale; 13 BTC starting price on: May 05, 2013, 05:42:02 PM
Just to confirm here that I am doing escrow for this on the request of OP. Please PM me when the auction is done, and I will send the contract out to both the buyer and seller directly.
1722  Economy / Auctions / Re: WTB: ASICMiner PUT option contract on: May 05, 2013, 05:28:32 PM
PS: I can escrow this, of course. Just drop me a PM when it is needed.
1723  Bitcoin / Group buys / Re: ASICMiner Block Erupter USB group buy (US/Canada) on: May 05, 2013, 05:21:50 PM
http://www.pastebin.ca/2374270

http://pastebin.com/raw.php?i=HWHjiWp8

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

The escrow address for Arklan's(the operator) Group buy transaction for ASICMiner USB Miners would be:

1FFyoorSfwQC15Xv7zNZ4Lv5yZcM6WFKuF

Please state and agree to the conditions (if item is received damaged, item lost with tracking, customs fee etc) beforehand.

If possible, GPG sign your agreement to prevent any discrepancies later on and please ship with tracking to prevent problems during delivery. GPG signing is not a requirement, and any verbal exchange in the form of private messages or posts on bitcointalk.org, or email is effective as a statement of condition.

The fine print:
This Contract is solely generated for the purpose of facilitating the transaction between the seller and the buyer, which refers to the pseudonyms used on bitcointalk.org.
The escrow holder, John, assumes and gives no liability or guarantees on the satisfaction of all parties involved, although he agrees to mediate and facilitate the deal to the fullest extent he is capable of.  On the event that any problems arises, he will release the escrow to whichever party that presents him with the most convincing proof and/or after an open discussion with others or theymos. 
The verbal acceptance by both parties (or the failure to reject) and the sending of Bitcoins to the escrow address above constitutes the acceptance of the terms and conditions stated, and the activation of this Contract.

Please understand that I am assuming the risk of holding the escrowed Bitcoins, and I am using my own time to facilitate this transaction.   
I am imposing a fixed fee of 2% for this transaction, pre-paid to 1NB1KFnFqnP3WSDZQrWV3pfmph5fWRyadz .

Thank you.

John (the escrow holder)
6 May 2013
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (MingW32)
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=lGUV
-----END PGP SIGNATURE-----


Perhaps provide the identification information directly to John and he can verify here?

I can do this escrow as what I did in the last here where I held various identifying information by the OP:

I have received the email from OP and I'll verify it when I get home. I'm on mobile currently. Thanks.
I confirm I have received the following from OP
:

Quote
1. A scan of my driver's license.
2. A picture of me holding and showing my driver's license.



In addition to the docs above, I also received a utility bill scan (with the address confirmed as the shipping address, and the operator's full legal name), exterior photo of the house with OP within, and a photo where the house's number is clearly in place.

Arklan, I will PM you my email - please send the documents there. Also, I'd suggest you to make a spreadsheet to keep everything in track and easily updated - an example of spreadsheet is here: https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dGU0VzhHRGpOOUxudWkxdWpDN3RmbFE#gid=0 (what I used previously for another group buy)

Thanks,
John
1724  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 05, 2013, 05:08:12 PM
It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market.  It's a strange phenomenon.  And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price.

I don't know why anyone would buy in the auctions for 1.4+, when they can get them for 1.2 or less in the PTs.  You can buy 100+shares on BF for an average price of about 1.2.  Is having direct shares really worth .1-.3 btc per share?

I find it strange that buyers don't go for the PTs vs the auctions.  Saving 20-30 btc on 100 shares is a big deal to me (I don't have that many btc...)

Maybe it's just me, but with the hashrate increasing + the USB miners, I think a price of 1.2 is undervalued.  I certainly wouldn't sell for that price.  I'm hoping for a good dividend this week to buy more shares while they are cheap!

Maybe they're trying to snap up more shares discreetly and don't want to 'disturb' the prices on PT's.  Wink
1725  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Must Prepare For Mass Adoption on: May 05, 2013, 04:57:27 PM
I think yours is an interesting conjecture but could just as well be a piece done by some mid-level journalist that slid by without much ado. China is probably not as controlled as you are implying. Ie. everything shown on Chinese TV is not Chinese government propaganda per se.
The show is hosted by a famous program there - '经济半小时' (literal: Economics in half an hour). I'd say they did a ton of research on the issue (even going as far as to introduce Avalon, ASICMiner and other companies in China), and didn't brush off the entire idea as a bubble or anything.
1726  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 05, 2013, 04:39:35 PM
why are shares so cheap on the BF PT right now?  I don't know why anyone would sell for less than 1.5 btc.

It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market.  It's a strange phenomenon.  And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price.

Include the fact that most people want to get 'direct' shares, and you get a pretty good idea of why auctions here are going for 1.5BTC each currently while the price is bad on passthroughs.

Not my auction  Cry
You can withdraw to "direct" shares, from the PT to your own account with FriedCat Smiley
//DeaDTerra

250 shares aren't really newbie friendly.  Tongue
1727  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Must Prepare For Mass Adoption on: May 05, 2013, 04:38:42 PM
As you probably know, this special was aired on China Central Television(CCTV).

Um, a link to whatever you're talking about would be nice. Your post currently has no context for me.


This is the video: http://tv.cntv.cn/video/C10329/e5ee4fe9a62b4b24b1080327faaafcb7
And google translation: https://bitcointalk.org/index.php?topic=194865.msg2024867#msg2024867
I read (and write Chinese) and I agree that the news are mostly positive - no drugs/weapons connotations for example. They even interviewed high-ranking bank officers and a Bitcoin hedge fund manager in China about this, and the fund manager says he's been getting overwhelming enquiries from investors/businessmen interested in Bitcoin.

I'm still trying to squeeze some time out so that I can do a sub on this.  Smiley
1728  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 05, 2013, 04:34:01 PM
why are shares so cheap on the BF PT right now?  I don't know why anyone would sell for less than 1.5 btc.

It seems like low-liquidity markets such as Bitfunder, which often have some random guy sell 100 shares, driving down the price by .1, dictate the price for the rest of the market.  It's a strange phenomenon.  And it's strange because the rest of the market, as in the Auctions forum, routinely does hundreds of shares of sales without dropping the price.

Include the fact that most people want to get 'direct' shares, and you get a pretty good idea of why auctions here are going for 1.5BTC each currently while the price is bad on passthroughs.
1729  Bitcoin / Group buys / Re: ASICMiner Block Erupter USB group buy (US/Canada) on: May 05, 2013, 04:30:21 PM
I propose a solution to the distribution problem: Payment.

Essentially, the group buy total would figure in a percentage that Arklan decides is fair for his labor in divvying up the packages. JohnK will receive all the funds, and place the group order shipped to Arklan. The leftover amount should be remaining individual shipping costs and Arklan's fee which will be released as soon as he shows JohnK receives of shipment of these orders from Arklan (via delivery conf #'s). Since John is asking 2% I think this would be a fair service to ask of him, to place a group order and to pay the bounty to Arklan upon success.

We need a total group buy price. Currently each is estimated at 2.0808 which includes John's fee and an assumed shipping cost of 0.05 per unit = 624.24 Shipping assumes all these buys stay in domestic USA, which I believe it was intended to at some point.

Arklan, how much time/money do you need to make sure get all these out? Since JohnK is highly repped and charging 2% I think maybe 1% is fair for this group buy, about 6 btc.

At these terms:

cost           =       units          +       shipping     *    fees
630.36 BTC = (300*1.99btc)    + (300*0.05btc)  *   (1.03)

Grand Total of 2.1012 BTC per device. A price difference of 0.0204 but motivates everyone to play more fair?

Feel free to take shits all over this, I am sure it could be improved and modified but maybe something like this could work....


Uh, you've nailed what I'm offering here as the escrow.  Smiley

As per what I'm doing the previous group-buys, I am also holding the operator's fee until the end of everything including the documents above.
1730  Economy / Scam Accusations / Re: MarlboroMan - SCAMMER on: May 05, 2013, 04:22:42 PM
i counted and report 11 threads

but yes, nothing done.
He got banned as soon as I started deleting his threads. Can't I get a break sometimes? I've only been away from the computer for 1 hour and this is what I see.   Tongue

Yes you should get lots of breaks. There should be more mods for when something like this happens.
Hey, this job is mostly thankless and headache prone - not to mention that the trust issue is on hand here. A rogue global mod might edit posts to add their own BTC addresses in, or ban people for fun.  Undecided
1731  Economy / Scam Accusations / Re: MarlboroMan - SCAMMER on: May 05, 2013, 04:16:44 PM
i counted and report 11 threads

but yes, nothing done.
He got banned as soon as I started deleting his threads. Can't I get a break sometimes? I've only been away from the computer for 1 hour and this is what I see.   Tongue
1732  Bitcoin / Group buys / Re: ASICMiner Block Erupter USB group buy (US/Canada) on: May 05, 2013, 04:14:46 PM
Perhaps provide the identification information directly to John and he can verify here?

I can do this escrow as what I did in the last here where I held various identifying information by the OP:

I have received the email from OP and I'll verify it when I get home. I'm on mobile currently. Thanks.
I confirm I have received the following from OP
:

Quote
1. A scan of my driver's license.
2. A picture of me holding and showing my driver's license.



In addition to the docs above, I also received a utility bill scan (with the address confirmed as the shipping address, and the operator's full legal name), exterior photo of the house with OP within, and a photo where the house's number is clearly in place.
1733  Other / Off-topic / Re: What is your total time logged in? on: May 05, 2013, 04:08:28 PM
Total time logged in: 96 days, 22 hours and 9 minutes.
1734  Economy / Services / Re: John (John K.)'s escrow service (previously known as johnthedong) on: May 05, 2013, 02:04:58 PM
PS: I believe I have replied to all required PM's apart from the lengthy ones - if I missed you please drop me another PM again.  Smiley
1735  Other / Beginners & Help / Re: What's your Mhash/s? (Pissing contest here) on: May 05, 2013, 01:51:59 PM
~1100MHash

Seriously?  1.1 Giga hash rates?  1,100,000 kilo hash rate?  Unless you're running 30 to 40 ATI 7970 cards you're not at even 1,000 fold less than what you're claiming.  And if you're running that many cards it means you've got 10-15 computers running 24/7 which means your burning close to $1,000 per month on electricity.  At some point just common sense should say - this hash rate just isn't possible. 

Don't mean to be a jerk but this is ridiculous and you posted that after I already wrote a post Explaining the huge error everyone is making.

Good luck and lets work together to figure out the cheapest solution to get results. 

Well, they're correct here. I did almost 2GH on one of my rigs before I shut it down. FYI, they're referring to bitcoin mining not litecoin.
1736  Bitcoin / Legal / Re: It is illegal to spend bitcoins in China on: May 05, 2013, 06:56:17 AM
http://www.informationweek.com/internet/ebusiness/china-limits-use-of-virtual-currency/218101859

Quote
"The virtual currency, which is converted into real money at a certain exchange rate, will only be allowed to trade in virtual goods and services provided by its issuer, not real goods and services," the Ministries said.

I wonder why they failed to mention that in the documentary.
Nah, no one cares about that. Seriously, game gold mining is an extremely profitable and public job in China. It's a defunct or dead law.
1737  Economy / Currency exchange / Re: I was buying ripple and now I got SCAMMED on: May 05, 2013, 06:39:40 AM
And did you have a successful trade with this user?

it looks like foofight copy and pasted the contract I originally had with him today that John was escrowing for us, and then he sent it to you.  Let this be a lesson to all.
I returned his funds to him after it was evident that foofight wasn't going to do the trade after all.
1738  Bitcoin / Group buys / Re: ASICMiner Block Erupter USB group buy on: May 05, 2013, 06:14:42 AM
Are these capable of mining other sha256 coins?

most likely yes
Really?
I though they are application specific hence the ASIC.
It's an ASIC for sha256 hashing.
1739  Bitcoin / Group buys / Re: [Group Buy#1] Avalon ASICs CHIPS! Using JohnK as escrow! FINISHED! on: May 05, 2013, 06:14:17 AM
John - please send my overpay to your tip jar.

Thanks.
How much did you overpay again? Thanks.  Smiley
1740  Economy / Currency exchange / Re: I was buying ripple and now I got SCAMMED on: May 05, 2013, 05:51:51 AM
Thanks for the tip only you should of told me before this.  Now you guys come out and say check the message and verify it.

But why didn't you have a tutorial and warning about this before or is this the first time something like this has happened.
... Apparently this is the first time someone sent the coins before checking to see if the contract came from me. *facepalm* Hell, if you received an email saying it's from your bank (and not attempting to spoof the 'from' part), would you give them your ID too?
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