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161  Bitcoin / Mining / Re: calculating expected number of BTC for a mining rig on: March 18, 2012, 07:18:09 AM
http://tpbitcalc.appspot.com/

is my choice
162  Other / CPU/GPU Bitcoin mining hardware / Re: [WTB] ATI GPUs on: March 18, 2012, 07:15:11 AM
wrong place, should be in marketplace ...
163  Economy / Speculation / Re: Last 6 month were ... almost stable on: March 18, 2012, 02:41:48 AM
i dint mentioned wire transfers lol, where did you read that ? banks provide you the only the payment widget like paypal does

Which happens as wire transfer behind the curtain OR is a very expensive merchant account for CC processing.
Just goes to show how little you know.
164  Economy / Speculation / Re: Last 6 month were ... almost stable on: March 17, 2012, 11:43:47 PM
@PulsedMedia
i think you dint get my point view correctly and you are overreacting

you accept payments on what users have not on what you want, until customers wont have a incentive to use bitcoins instead of CC they wont use it  no matter how many sticker/banners with bitcoins accepted here you will put

for me to use BTC instead of CC there is needed to be about 20-25% discount between USD/EUR cost and BTC cost

also i dont know where you have this business but where i am the bank take 0.68% with a minimum 30 eur per moth if total volume goes over 2000 eur per month the 30 minimum fee is removed
First of all, you should learn a little bit of english, if you want anyone to understand you.

Wire transfers are FREE here. I'm talking about PP and CC payments, you said CC is far superior. No one was talking about wire transfers.

Currently users have no need for BTC because so few places accept BTC. We accept on manual request, but only manual as long as there isn't a WHMCS module i'm confident enough with. At this point we have to charge a little bit extra for BTC payment due to it's volatility.

You clearly have absolutely no idea what you are talking about. Were are right now in a state where there is NO demand for BTC payments from merchant point of view, because users see no supply.
As soon as there is a little bit more supply, users will adopt when they see the all around benefits. Stabilizing exchange rate will help there as well.

It's true however that the sole reason we accept PP is because by nature 97% of webhosting payments are via PP.
However, if it would be convenient for us we would push more for Alert Pay, and probably Liberty Reserve too, along with WebMoney and some Asian gateways, unfortunately, becoming a merchant with them has been made rather .... Annoying .... To say it very mildly.

If we would present all those choices, i would bet usage of PP would drop to around 40%-50%, mainly being US and UK customers. But at that point we would also add an extra fee for using PP, allowed by accepting Western Union with even heftier fee Wink At that point PP usage would plummet.
However, right now convenience trumps other benefits, managing a bunch of different payment methods can create a lot of extra burden on managing cash flow.

Did you know that PP TOS denies you right to charge extra fee for using PP *unless* you accept some other payment method as well with the same or higher fee?

PP is currently killing their supply side (merchants), so it's only matter of time supply for BTC services becomes great enough for mass adoption buy consumers (demand of BTC paid services).

So wake up, and get first some experience and knowledge about things you don't clearly understand the slightest bit.
165  Economy / Speculation / Re: Last 6 month were ... almost stable on: March 17, 2012, 10:04:47 PM
cash in hand is cheaper
credit card is cheaper, plz don't tell me that you only look at direct fees
- the client need a smart phone
- a internet connection plan
- a bitcoin client on the phone or a payment processor account
- accepts to pay the same value in USD/EUR using bitcoins but losing the ability to charge back
- needs to know that is doing

if the buyer is a eCommerce site not a shop then instead of a phone he need a PC

so what are the cost of using bitcoins instead of credit card ? and all the burden are shifted on the buyer


WOW! You really don't know what you are talking about.
CC might be cheap for the consumer, but not the merchant!
I operate a small business and pay so much in PP fees it would hire 1 guy fulltime! This with significantly lower than CC processing fees. Changing to direct CC processing now would double up the cost probably.

Right now Bitcoin mostly matters for online purchases, anyone looking to make online purchases does not need any additional investment to utilize Bitcoin. NADA.
Only investment is a little bit of time to install bitcoin client, register on Mt.Gox and buy bitcoins.

Chargebacks are an extreme cost at the merchant side, and this extreme cost is added directly to the end product costs for honest customers. Single chargeback can loose the merchant thousands of euros, atleast in the case of Paypal where paypal might take the chargeback amount + another time the chargeback amount as reserve for costs of handling the chargeback. Even if you disputed successfully the chargeback there is upto 15% cost.

Now even at 7.5% cost, even if 0.1% customers do chargeback and you successfully dispute it 100% of the time, is 7.5%+human resources added to the final product price.

Computers are dead cheap nowadays anyways, 150-200€ for cheapest netbooks, new Smiley
400€ for full desktop.
That is less than any serious business would pay in TRX fees in any given month. Nevermind if they actually process the CC fees themselves there is also reserves etc. holding a % for atleast months, or for the lifetime of the merchant account.

Payment processing is currently *very expensive*, for example for us it accounts for roughly 6% of total costs! More than our marketing budget ffs.

If we'd solely use bitcoin, buyer would benefit:
 - At the very least 3% average lower service price, more likely in the 15% area (for 100% margin service, 1euro saved in costs lowers end price 2euros, 25% margin service price will likely stay the same)
 - No PP Dilemnas, getting verified etc.
 - No random payment reversals with PP and causing need to submit extra info to PP for validation
 - No sending utility bills, drivers license pictures etc.
 - Not having to keep a valid CC on file @ PP to be charged anytime for whatever reason PP decides
 - Not having the chance of PP employee stealing your CC information (In the past even cleaners had access to CC information)
 - No random accounts freezings
 - No waiting always PP to load forever (for finns logging in might take 3-7minutes, amazing it doesn't hit timeout)
 - Fast transaction histories if you need it
 - Ability to purchase sub-1$ priced services (PP Charge minimum 0.39$ TRX fee), in practice availability of good value sub-5$ services. Anything below 5$ and the TRX fee margin becomes too high
 - Some long term payment discounts on low priced services are transferred to even monthly subscriptions (TRX fee minimums)
 - Anyone could use our service, as in practice Bitcoin is available to any nationality without restrictions (Unlike PP)

Many have asked us to support WU, but we'd have to charge 40-60€ per transaction for using WU Sad

166  Bitcoin / Hardware / Re: ZTEX USB-FPGA Module 1.15x: 210 MH/s FPGA Board on: March 17, 2012, 07:32:19 PM
I just noticed Z-Tex offers 2years warranty, while BFL is 6months, and Icarus probably case by case.
So i would think the MTBF is to be calculated around 4-5 years then?

So i did some number crunching and all of sudden Z-Tex actually looks promising when bought at lots of 10 (or more), if lifetime can be expected to be at least 4yrs on average.

Am i correct that it achieves now 225Mhash/s with high confidence? Or what should i expect as the average rate?

Using the fastest bitstream, under proper conditions, does the 2 year warranty extend to businesses as well?

Package contents include heatsink, usb cable, and heatsink?
167  Other / CPU/GPU Bitcoin mining hardware / Re: nVidia GeForce GTX 680 Specs leaked on: March 17, 2012, 04:07:23 PM
the 4608 probably comes exactly from 7990 specs (?)
GTX 680 being the midrange, there will probably be a more powerfull GPU under the way, and with equal amount of SPs it might perform well enough to be a mining card.
168  Other / Off-topic / Re: Mini-Rig from Butterflylabs on: March 17, 2012, 04:03:45 PM
My mining operation is rather small even after current upgrades, but priced at 15k $ i might be able to justify the cost come next winter, 25-30k $ definitively not.
Also depends upon warranty (and insurance terms) i can get for the device.
But if i decide to go for it, expect steady purchases for new ones every few months.

and yeah around 1500W is the sweetspot, can have 2x on 16A circuit. Then again, almost all industrial + DC circuits around here are 25A.
Some offices have only 10A. The gap can be filled with FPGA miners or Sngles Grin
169  Other / CPU/GPU Bitcoin mining hardware / Re: at what point is a person considered a "respectable" miner? on: March 17, 2012, 06:56:48 AM
@DAT yeah, the million BTC question for sure.  Of course difficulty change isn't factored into this again either.  It could spike up before the reward drop then plummet, making it easier to find blocks but agian, it's anyone's guess until it's upon us.  I think we can infer some "more-likely-to-happen" approaches and guesses but still, no one knows.

Difficulty does not factor into your operating costs, it factors on the revenue side. So irrelevant to somehow forcibly include into the COSTS side of things, when it's REVENUE side Smiley

But how does one factor power costs when one pays annually, basicly getting interest free loan to pay it once per year AND doesn't need any kind of A/C AND first 7-8kW usage for 10months a year is "kinda free" in the sense that it replaces (more expensive, heating oil costs more for heating purposes than plain electricity here, thanks to taxes) heating Tongue
Does the first 8kW have negative cost then? *whistles*

170  Bitcoin / Mining support / Re: BAMT won't OC anymore on: March 17, 2012, 06:32:24 AM
now after failed underclocking it reports 0 GPUs >_< ffs
and no files in ACTIVE/

** EDIT: Got it fixed Smiley
171  Other / CPU/GPU Bitcoin mining hardware / Re: Soooo, would this work for mining? PCIe to USB 3.0 controller on: March 17, 2012, 05:25:39 AM
sorry can't find any finnish store that has a 7970 for that $445 price in Dollars I find plenty selling them for £445, in dollars $445 seems to be bellow the company FOB price of ~$475

No finnish store sells in either currency ...

I am sorry but if we are talking about the same thing then you will need to post a link of the place you are buying those under cost cards. When you buy in a different currency they take the numbers of your credit card and Visa, MC, Amex or Disc deal with the currency exchange... but still there isn't a place in the internet that mentions anything about a $445 bucks 7970 they mention a $25 price cut from the base $550 price which retailers don't have to pass on(which newegg gives some when you buy 2+)... but just maybe you are confused about currency we are talking about, the £445 = $704.48 (today's price) not really apples to apples and the 7990 will cost in $ here in america not in £ and $704.48 is 83% of the cost of a single 7990 for half the hashing power. Just saying :p

I'm Finnish, like i told you already, we use Euro, not Pound Sterling.
No, i'm not confusing. They do not accept CCs, only finnish banks etc. Even if you are Finn you can't get that price unless you are a company.
Because Finland has so insanely high taxes we get sometimes subsidized by multinational corporations. For example, many Germans come here to buy their BMW ...

I can sell you some cards for, say 500$ + shipping, i ought to have 2 to sell next week unless mobo, psu etc. for new rig arrives.
172  Economy / Computer hardware / Re: FS: 4x 6950 1GB Video Cards on: March 17, 2012, 03:55:49 AM
Just out of curiosity, have you tried unlocking the shaders on those cards?

Asus cards - tried flashing on day 1 and failed.

Xfx cards - never bothered due to 'soldering' required (as found during a Google search).



Doesn't look too bad soldering case imho.

I'll give 100BTC/520$ in PP for these if you cannot find a buyer.
173  Economy / Computer hardware / [WTS] 5850 HSF on: March 17, 2012, 03:53:34 AM
PowerColor HD5850 Heatsink + Fan. Looks reference design to me.

Fan in good working condition. Heatsink quite clean despite running for a year (no i didn't clean it).
One of the heatsink screws got cut through while i was screwing it back after replacing thermal paste, so i decided to replace it with a AC TwinTurbo. All screws with springs are included however.

Pictures upon request, i already took pictures but it's a PITA to transfer pics out of my Nokia E7.
Shipping from Finland.

Price: Best Offer + Shipping.
Buy out: 25$

Payment PP or Bitcoin equivalent.
174  Other / CPU/GPU Bitcoin mining hardware / Re: Soooo, would this work for mining? PCIe to USB 3.0 controller on: March 17, 2012, 02:42:38 AM
sorry can't find any finnish store that has a 7970 for that $445 price in Dollars I find plenty selling them for £445, in dollars $445 seems to be bellow the company FOB price of ~$475

No finnish store sells in either currency ...
175  Other / Off-topic / Re: Butterfly Labs - Bitforce Single and Rig Box on: March 16, 2012, 09:58:39 PM
I thought there was some encryption involved so you specifically CANNOT reprogram them?
Thus they are only single use?
There is a chance that BFL, as the key owner, can make new bitstreams, but not the user.
Yes, sorry, that's what I meant.
I'm assuming only BFL can supply new bitstreams - so I guess if you wanted a new one you may have to pay them some amount to create it ...
Sure, they can create a new bitstream. But we don't know if the Singles can be user-upgraded in the field (now that would be convenient, via USB), or if they need to be shipped back to BFL for reflashing.

BLF-Engineer has never answered that question ...

Sonny told me that they can be flashed by customers, and they are going to release new bitstream which should increase performance later on, and those will be made available for download.
176  Other / CPU/GPU Bitcoin mining hardware / Re: Soooo, would this work for mining? PCIe to USB 3.0 controller on: March 16, 2012, 08:51:05 PM
?... 850(7990) / 535(7970 on newegg multiple card price) = 1.589 so the 7990 is 59% more expensive than the cheapest 7970, there are lots of them going for $600+, I would venture to say that is quite far from being almost double the price.

Unless you happen to be paying far less per 7970 than newegg pricing Smiley I get new ones for about 445$ incl. shipping, with interest free credit when purchasing them ...



that is very nice indeed, any chance of letting us know where you getting them from for such great price?

It's a finnish store.
177  Other / CPU/GPU Bitcoin mining hardware / Re: Soooo, would this work for mining? PCIe to USB 3.0 controller on: March 16, 2012, 08:14:32 PM
?... 850(7990) / 535(7970 on newegg multiple card price) = 1.589 so the 7990 is 59% more expensive than the cheapest 7970, there are lots of them going for $600+, I would venture to say that is quite far from being almost double the price.

Unless you happen to be paying far less per 7970 than newegg pricing Smiley I get new ones for about 445$ incl. shipping, with interest free credit when purchasing them ...

178  Other / CPU/GPU Bitcoin mining hardware / Re: Soooo, would this work for mining? PCIe to USB 3.0 controller on: March 16, 2012, 06:03:43 PM
Wait, that would require USB 3.0 on a Raspberry Pi.

Nevermind!

Doesn't Raspberry Pi have some USB interface?
USB is backwards compatible on that direction too, i think.
179  Other / CPU/GPU Bitcoin mining hardware / Re: Soooo, would this work for mining? PCIe to USB 3.0 controller on: March 16, 2012, 04:58:25 PM
Yes, but you could using these have more than 5x7970 on single rig Grin

But mostly they are just curiosities Smiley

I've seen mother boards with 8 PCIe slots, they just cost too much. And for 8 x 7970s you could get 6 of the 7990s when they come out.

I seriously doubt 7990 is only 33% more expensive per card. Try more like 80%.

7970s are damn cheap right now, well for me atleast ...

The 7990s have had their price out for more than 4 months. You can just search for it, in 100% of places that talk about it's always the same $ 850 for the basic reference design. If retailers are going to pad the price some then I don't know.

Exactly like i assumed, that is pretty much double price.
180  Other / CPU/GPU Bitcoin mining hardware / Re: Soooo, would this work for mining? PCIe to USB 3.0 controller on: March 16, 2012, 04:46:52 PM
Yes, but you could using these have more than 5x7970 on single rig Grin

But mostly they are just curiosities Smiley

I've seen mother boards with 8 PCIe slots, they just cost too much. And for 8 x 7970s you could get 6 of the 7990s when they come out.

I seriously doubt 7990 is only 33% more expensive per card. Try more like 80%.

7970s are damn cheap right now, well for me atleast ...
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