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Tried and failed again darn it. Failed at Step 2, opening the index.html, did and it did not have the needed fields. Gotta go care for my chickens, hope to get this done tomorrow.
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I've had a MtGox account for 1 year (actually 9 days shy). Today I tried activating the Google 2-step Authorization with MtGox and failed. I don't know where I'm going wrong. Joined Google+. Activated Google 2Step Auth as shown here: https://support.google.com/accounts/answer/185839?hl=enThen I logged into MtGox and in the Security Center and there are three choices, get a Yubi key, add Google OTP, or Get an OTP card. The Yubi and OTP card had buttons in green while the add Google OTP was grey. Tho it was grey it did present a New Software Authentication System page and although I added the hash given by Google 2-Step, the MtGox failed to save it. Must one now _only_ buy a Yubi key or an OTP card? Thanks in advance to anyone who can clear this up for me. soy |
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It seems like the days of the solo miner are quickly disappearing. The big money has moved in, and the hardware companies are either failing or changing their business plan to the detriment of the individual miner
Ah, the way of the world. I think FDIC followed the great crash and depression, insurance against banks failing. But under Bush the rules about failing banks changed to have certain risky bank investments paid off by FDIC before individual savings account holders get to get any, and those risky investments of a volume to break FDIC so essentially an individual savings account holder would get squat if the bank failed. |
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I've had one refunded, one on order. That's the easy "get out" anyone can take.
I still don't have an issue with how things are progressing, and my lack of posting doesn't reflect my experience or understanding of things.
They are simply making the best commercial decisions. If you want charity, donate at the link in my sig.
If you want a capitalist free market economy and private enterprise making the best commercial decisions for success.....
So refunds don't get any kind of fincen hassle? I don't quite understand what the $10k fincen limit encompasses. Isn't it more than just bank accounts but foreign assets as well? Would a 13k miner account be an asset on foreign soil? (for the US users here). |
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KNC are going to offer cloud based hashing - great. Why wouldn't they? I would too.
Great for them but not for the Jupiter/Neptune owners that will earn less BTC because of increased difficulty. They've made no indication they will sell cloud hashing but only offer it for compensation if they fail to deliver. They are offering an iron clad guarantee of hashing delivery date (cloud or physical). Super.
Yes and what iron clad date is that exactly? June 31st. By super I assume you mean negative BTC ROI? Batch 0 preorders were $3k cheaper and 3-4 weeks sooner than batch 1, and the same price but 6-8 weeks before batch 2.
Clearly KNC have a history of looking after their existing customers, and this seems to continue in this vein. They could so easily get the data centre up and running and taking orders while we wait for our Neptune's.... I'm not sure what you are trying to say here but if they wanted to take care of their customers, they could have sold them more Jupiters / upgrade modules instead of building their own farm to compete against us. +1 |
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A simple read on plan B: Knc will give people with neptune orders 3Th of mining power that would be hosted in Sweden (probably/hopefully sometime in Q2 and NOT on July 1!. Once Neptune (20nm) is produced in Q3-Q4, they will give you an option to replace your 28nm chips with 20nm hashing chips while maintaining your hash rate (or slightly increasing it) in lieu of sending you the actual machine.
You mean the hosted compensation while Neptunes aren't yet available might be linked to a forfeiture of ever taking possession of the eventual Neptune or do you mean compensation from their hosted 28mm farm then when Neptunes become available we then still have the choice to take possession or allow them to host? |
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All of this after we gave them piles of money to fund their business a year ago, and again on their 2nd product offering, this is how they repay us.
it seems the shovel makers realized that shoveling makes money too that should be new motto on their neptune boards.. "Shoveling makes our dreams get found" I'd vote for: "All the blocks only one world apart" Regarding their NPS, I guess I understand now why they didn't sell anything. It was them who increased the diff, so they would have "protected" us from them and not from their competitors as stated in the NPS. Maybe it was meant from the beginning to be this way?: if there's competition shipping en mass KnC would need additional money to build additional hw for themselves and it would be paid with the margin from sales yes. knc has so disappointed me that i'm never going to move to sweden. |
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Can you please explain, who will pay for bitcoin 5k or 50k ? What about bitcoin demand decrease ? Meanwhile the price always jump by the miner sale (Avalon, KNC), and by this prices and dates ................  Have you forgotten you don't need to buy a whole bitcoin? Can you please explain, who will pay for a single Berkshire Hathaway Inc. share $165,138? http://ca.finance.yahoo.com/q?s=brk%2daAnd the other side of the coin, new minimal treadmill ($320), and a Samsung 40 dot LED TV w/bells and whistles, for (<$500) for a little more than a single bitcoin. |
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Yeah.. I'm not a KnC customer - BFL (ugh) and HF (ugh) - but when I saw this, my first reaction (and it remains my reaction) is that the consumer-miner is out of business once the present generation of machines is no longer viable - those are already delivered or whose delivery is obliged by contract.
We're walking dead. Zombies. Mining will now be done by chip companies, probably allied with capital for datacenter fab and operation. You might buy shares, but shares that will only ROI with steep BTC appreciation. It's over. And I barely even started!
Possibly true - on the other hand having one of two of the best machines in a home should approach the profit/machine of the large farms in cold climes with cheap energy because they'll pay rent and wages. |
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So who wants to buy a KNC controller card for a mercury/neptune/saturn?
Don't think I will have a use for it now.
ya, i bought a soldering/rework station for adding headers onto my Nov Jupiters that will now prolly just collect dust........ Sigh, I just bought a bag of the sockets and have a new roll of ribbon cable here unused. What's the emoticon for empathy? |
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If one's Neptune is at their hosting site rather than shipped to the customer, it will likely never appear on Ebay and never appear as outright competition.
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Moot now, but wow. Three of my posts wondering if the MtGox situation had any bearing on KnC offering new miners got deleted! I think some guys here complain and ask for my posts to be deleted simply because they're my posts.
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Can you imagine the intelligence that FINCen can gather about the economy if every US corporation registered every financial transaction with a value of greater than $10k anywhere in the world every day?
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If KnC isn't posting new upgrade modules because essentially knowing MtGox won't allow pre-existing Saturn and Mercury customers to access their btc sitting on MtGox then no it is not a derailment. I think I'll go with a single digit here.
You have lost your mind. Why? Are you supposing that KnC doesn't know what percentage of their customers have paid for miners or upgrade modules from MtGox accounts and of those customers which are US citizens? Being in the industry they would recognize if there's a problem that had been created by their US customers paying for Neptunes with a single, greater than $10k value payment. |
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Perhaps KnCminer noted it was seeing such a large fraction of miner buys with money that was transferred from bitpay after a transfer from MtGox that as long as MtGox is showing frozen US BTC, KnCminer won't sell more upgrade boards or miners.
It's Bitpay's responsbility to deal with any BTC -> fiat conversations and I suspect they have a handle on it since they move BTC -> fiat every day for thousands of merchants.. I wouldn't be too surprised if Bitpay has a working relationship with Mt. Gox of some sort but regardless it's still Bitpay's issue, they have a contract with their merchants which gives the merchants the service they require and Bitpay handles the backend work.. Yes, but. If US MtGox users can't transfer btc from MtGox to Bitpay, and someone has said that Bitpay is owned by the owners of KnC tho I have no personal knowledge of that, then if KnCminer were to offer products right now, and if KnCMiner knew via Bitpay that US miner buyers can't access their MtGox btc, and just because I can't doesn't mean others can't either but on another thread someone said nobody in the US is getting anything out of MtGox, btc or dollars, and not to have a run-on sentence but, then KnC would only be selling to those with hard cash or btc outside of MtGox. Is that last a big deal or not? One solution might be for KnC to poll pre-existing customers to find if the MtGox problem would prevent a purchase. However, if the MtGox problem with the US is the FINCen $10k limit on transfers (if by US citizens no matter if the transfer is effected completely outside the US, e.g. MtGox->Bitpay->KnCminer, then ANY Neptune purchase would have been out-of-bounds if done with a single transfer by a US citizen as even at the sub-$10k price, the cost with shipping would have been >$10k. Thread derailment in 3....2....1 What does this have to do with KNC? Best practice is you don't pay anyone from anything but your own controlled wallet. Not Gox Not Coinbase. If KnC isn't posting new upgrade modules because essentially knowing MtGox won't allow pre-existing Saturn and Mercury customers to access their btc sitting on MtGox then no it is not a derailment. I think I'll go with a single digit here. |
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Perhaps KnCminer noted it was seeing such a large fraction of miner buys with money that was transferred from bitpay after a transfer from MtGox that as long as MtGox is showing frozen US BTC, KnCminer won't sell more upgrade boards or miners. |
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I have no intention of doing anything illegal and plan to pay my rightful share of taxes. I hope this freeze on my btc held by MtGox isn't anything serious. Since I am above board with my dealings I may have to remove all my btc from MtGox.
MTGOX shouldn't let people deposit funds before they are verified. Given they do it says they prefer to hold extra funds hostage until people get "verified" to their standards. I have been fully verified since early last year. Unaware of the "normal" delay, what is it about a month(?), I continued to send various documents attesting to the place of my residence and citizenship, documents well beyond what they were requesting. |
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I have no intention of doing anything illegal and plan to pay my rightful share of taxes. I hope this freeze on my btc held by MtGox isn't anything serious. Since I am above board with my dealings I may have to remove all my btc from MtGox.
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Have had btc in MtGox for almost a year. Made one or two withdrawals over the last year no problem. Now, logging in for the first time this year I get "Your account has been restricted from accessing funding options. Please contact support@mtgox.com for additional information on why your account has been restricted." My shown btc balance is correct however. Really an annoyance as I need to withdraw some to pay bills. I suspect the new year celebrations are playing a part. Gox have done this with a bunch of accounts. It means you need to send off documents and get them officially notarized with an apostille. It basically means anybody with Verified that hits a threshold will now need Trusted status. If you have any funds they are basically confiscated until you send docs and get approved, BTC included. It's very odd that they did this just as the BTC withdrawal problem hit. Odd yes. The last withdrawal I made to pay bills around Christmas was 1 BTC and it went through perfectly. There was no additional btc added to MtGox and the value has dropped about $100/btc since then so by any measure the account is less valuable than when I made my last withdrawal. Edit: Failing memory, looking back at my records that 1btc withdrawal was early in Dec 13 but later I made a sizable withdrawal to buy a Neptune and by that time the Neptune cost was > than FINCen allows to be sent from the US in one day. So, perhaps a FINCen objection or a MtGox problem. I understand I have until June to register my MtGox 2013 account with FINCen, but it will probably happen after I wade thru the instructions for the irs 1040 and have gotten my docs from my US bank which says it will probably mail those on 1/31. The MtGox account value is such that it has never triggered the IRS $50k requirement but last year could have triggered the FINCen $10k requirement tho the account has always been in btc except for sub-$300 deposits to immediately buy btc. |
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How can MtGox have maintained its inflated value (presently 114.8% compared to coinbase) and stay in business? Simple math says buy elsewhere and sell on MtGox and that by many would quickly put it out of business!? If a MtGox "in-crowd" did exactly that, depleting its fiat reserve while at the same time blocking non-in-crowd btc owners from leaving or selling, it would explain a lot.
So, who would be to blame, MtGox which tried to maintain stability during the crash of April last year by stopping trades (while bitfloor and others traded as usual) as the US stock exchange stops computer trading when it has trouble, or are the US banks to blame, banks that may have punished MtGox for exactly that attempt to maintain stability, e.g. US banks probably the cause for the very sharp rise up over $1000 then almost crash the day before US Senate hearings on Bitcoin?
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