I can't, because this is not their business model. They are a processor of fiat transactions and nothing more. This is like asking a regular bank to also become a currency exchange.

The best way to get Bitcoin is to do something to earn them, and aside that, at least support true Bitcoin businesses in obtaining them. Paypal is a dinosaur to which Bitcoin is a giant asteroid on a terminal path to the surface.

Mining is currently exploding far past what BTC market value will support, if you intend to be a pro-miner right now then good luck. In comparison hardware prices are high, if you really want to be a miner then you have to pay that price to be one and not expect to hit a break-even. But that is at today's price. If by some miracle Bitcoin hits $500 by the end of the year, miners will be having a pretty good day with each ASIC becoming a winning lottery ticket.

Really the fact that mining hashrate has gone exponential is astounding news on its own. This means that despite the profit-loss apparently many miners are not in it for the money, and more for the cause. People are still buying rigs despite negative ROI on most of it.

Mining as an industry is still evolving and changing, with many new players in the market very soon. At some point hopefully Bitcoin's market value goes up again like it did in April, followed by a flattening curve in hashpower rate when ASICs have finally saturated the market. It will likely happen but not for some time yet, but no one really knows what the future is. Miners in a serious frame of mind are taking a very large bet on Bitcoin's dominance in the future.

I feel many views of this are very short sighted, not taking into account the long term prospects of this emerging business. One must be very vigilant in predicting possible futures in terms of hashpower, difficulty, and overall market activity in Bitcoin and in the fiat world as well.

The network is ready for a much bigger world in the end, only time will tell if all of this hashpower is justified. In a possible future world where everyone is using digital currency, a Petahash will look like nothing as we reminisce of these early days. Or Bitcoin is ultimately a failure and ASICs are expensive paperweights. Either reality is possible, to be a miner is to know this fully.

Bitcoin means we do not need Paypal any longer. Paypal is everything that is wrong with fiat transactions with high fees and moral-right stance

This coin needs to be renamed, pure and simple. Calling it Scrypt Bitcoin (or Bitcoin 2) is just lazy and confusing. Until it is renamed I think the staff here are right to bury it.

The product images are heavily 'shopped


http://fotoforensics.com/analysis.php?id=b8aaf08e45f82404ca4ae0cefc0778bded65c0d7.105781

Montana Bitcoin Exchange - Missoula has booked its first official meetup!

October 23rd @ 7pm - 8:45pm, Missoula Public Library in the Board Room. This event is free and open to the public (and always will be, but donations are accepted to fund group needs)

This one is meant as an introductory meeting that includes an overview of Bitcoin technology, and then some guided discussions.

If interested in attending please RSVP here so I can gauge the turnout in case a bigger room is needed.

MBEX Facebook

"WordPress is used by over 18.9% of the top 10 million websites as of August 2013"

I don't know why people bash Wordpress so much, it's a fine platform for its intended use, and is clearly a popular choice. BlockBurner currently runs with WP at its heart, and it cost me approximately $0 in development cost to set up which supports my bootstrapped startup plans. Granted, it does have a reputation of being attached to severely crappy sites and fly-by-night scammers like these fools.

Bitcoin may yet, erm.., penetrate this market   Though I think more the problem in that industry is finding what people will actually pay for than the method of collection, not to say taking digital currency wouldn't be a lot easier and cheaper regardless.


Generally, yes, but some (that don't know what BitTorrent is anyway) will shell out some cash for high quality productions, or at least high quality video. Thanks to the Internet destroying DVD sales porn studios have to come up with something that will sell as a premium service or product.

The problem with ROI currently is a matter of BTC market price not rising fast enough to offset the hashpower rise. It has nothing at all to do with what it costs right this minute to build ASIC mining hardware. The price is what it is to make these, what is everyone complaining about? Instead of bitching about things that are beyond the teams control maybe adjust your expectations a bit. You guys do realize there are real world costs in production right? The fab doesn't care if their price hurts your mining or not.

 I see a few that were hoping for some really cheap USB miner capable of a fast break-even, which is unrealistic to begin with, and calling BPMC a bunch of scammers for not delivering this which is not fair. If you pay any attention at all to the mining world you know profitable mining is barely possible without investing $1000s up front into full Bitfury racks or something of similar density for the best bang for the buck.

It would take 8 ASICMiner Erupter USBs to equal one of these, or about BTC1.65 to get around 2.5 Gh/s out of them. But then you also need 8 USB slots so your hub cost is much higher if your running a lot of them. I don't think the price is that outlandish at BTC2.1 for the vastly increased density per USB slot, and this is only because the price per chip is high.

Hopefully future chip prices will be lower, but otherwise I say well done on these.

It isn't their fault that mining is currently unprofitable unless you throw down a big heap of investment capital up front. The units cost what they cost to produce, end of story. If you don't like it then don't buy any. There is no need for a flame thread because you can't comprehend this.

BitFury miners are shipping NOW as promised by Buzzdave with zero lies or other BS. KnC and others will hopefully follow this trend.

There is no need to support this sad joke of a company any longer. If we would stop sending them money for bullshit "Pre-orders" they would go away.

"A lot of companies" is who exactly?

Good show BitFury

I too have been coming up with some strategies to start getting my city involved. I started by forming MBEX to get meetings going for enthusiasts and hopefully curious business owners.

But you can market it like anything else through advertising. Flyers, brochures, business cards, etc are all part of the arsenal.

Looks like a pretty good primer so far. I'd say for getting businesses involved just hammer the fact that Bitcoin is far cheaper a way to accept payments over getting railed by a credit card processors and bank fees.

Depends on what your goals are really.

Mining is quickly becoming a serious game with serious capital involved. If you are wanting to invest $40k into mining gear, you would be moving far past mining as a hobby. Bitcoin mining is going pro quickly, but can still enter easily with something as simple as a Erupter USB as long as you don't care too much about ROI and are doing it just because it is cool and want to support the network, as every little bit helps. The ROI issue will likely level out but not for some time in a period of explosive growth, so doing the math is very important if you want to see a profit.

I would say start small and see how it grows on you with some Erupter USBs or other lower cost options. Diversity in your portfolio is recommended as it is impossible to tell ultimately where it all goes from here. Buy some coins, securities (or start a securities fund), mining gear, or use your funds to start a Bitcoin accepting business of some kind. In my case I am doing all of those things in the form of BlockBurner  

Why don't you try again with a less dickish tone, and I'll reply



 

Though it would actually be easier to accept over a credit card, must be the only lemonade stand anywhere that also has a merchant account 

Until Bitcoin's market price increases, which miners are really counting on at this point