Aussie bitcoin fan doing it tough

[zoonosis]

Hi all
Ive known of bitcoin for around 2 years now but never did anything about it until now. Kicking myself I know.
Was going to mine initially but at that time ASIC miners were starting to kick in and its impossible to get one, especially in Oz.
So i forgot about it until recently when the price shot up.
Trading seemed the other option so I tried to get signed up on an exchange.
So far im only referenced checked on 1, still waiting on some others.
Getting cash into it was another hassle, so I ended up just buying some B on localbitcoins and transferred directly to my wallet on the exchange.
Paid a premium for the B but I guess it was my only option.

Anyway im actively trading now, just learning the ropes....charting etc
Im a pretty good programmer so going to try my hand at writing a bot of some sort.
Still trying to wrap my head around EMAs, MACDs and this rolling bot rocking bot thing that I saw in the economics section but I still dont quite understand it.

Anyways Hi and good luck all.

[HashMiner]

Heya Zoonosis.
Where in Oz are you? I'm in Victoria.

Mining BitCoin in Oz is gonna be challenging. There's a dude in Victoria that bought a shitload of GPU and blogged about his experience mining.
IMHO i think there opportunity mining the other altcoins... now which one is the fun and challenging part.

I'm yet to try my hand at trading but definitely going to check it out over the chrissy break.

Do you know many Aussies mining coins?

[inspiredinvestor]

g'day from sydney!
there have been several people mining and
graet owned one of the biggest mining pools Ozcoin
I don't know if as many are now it's a heavy hardware race. but definitely there is potiensal in altcoin if get in early.
as far as opportunities, arbitaging between localbitcoins.com and coinjar.io, 
also there is trading altcoins
there are so many opportunities out there, I'd stop kicking your self and work out what works for you!
selling stuff for bitcoin, especially if it's something no one is already selling.

[oscarg]

Im in Sydney.

Here is a Blog post I did back in May about Mining with 4 different GPUs I had lying around.

http://www.cpubbq.com/2013/05/mining-bitcoins.html   ..

I also kicked myself for not leaving them running once the price shot up, but at 680Watts it was going to cost a bit anyway...

[inspiredinvestor]

Im in Sydney.

Here is a Blog post I did back in May about Mining with 4 different GPUs I had lying around.

http://www.cpubbq.com/2013/05/mining-bitcoins.html   ..

I also kicked myself for not leaving them running once the price shot up, but at 680Watts it was going to cost a bit anyway...

reading the OSX on PC, mind blowing...

now there is a great sydney meet up on meetup.com called talk and trade bitcoin that meets in sydney on wednesday nights, great people organize it and oftern have a speaker.

[old_matey]

Another Aussie here  I'm in Brisbane.

I have been watching bitcoins and alts for a little while now and am wondering which sites you guys are using to buy/sell btc with $'s?
Have tried coinjar.io but they seem really slow to accept deposits. Would prefer Australian based if possible, not too keen on doing internation transfers etc. 
Do you guys have any tips?

[DFiLeR]

lots of aussies popping up  ; ) good to see. I'm near Sydney. was thinking about using CoinJar today, will let you know how it goes.

[inspiredinvestor]

If you are looking to buy several and regularly long term, it's worth investing time building your reputation on localbitcoins.com
i always have ads up buying at a discount (10+ below bitstamp price) and you actually build some good relationships and meet some characters

[tpet93]

Perthian here.
Mining bitcoin isnt really worth it using gpus IMHO. but many of the altcoins can be profitable.
its always a gamble, but my $100 ati 5770 videocard was mining about $5 a day of altcoins during this months spike.
I have used coinjar with a $500 cash deposit and the bitcoins where in my acount in about 5-10 minutes.
if purchasing during a big rush this could take longer.

There is the chance of getting significant amounts of altcoins during launch but it can take time to wait for a good one.
beware of the many "scamcoins" ATM that are premined, justbitcoin clones, or manipulated to show a large market cap.


Tips: 1MLM4A9o5RU6CaeFy56A24LaWDTRh1DiiX

[pand70]

Anyway im actively trading now, just learning the ropes....charting etc
Im a pretty good programmer so going to try my hand at writing a bot of some sort.
Still trying to wrap my head around EMAs, MACDs and this rolling bot rocking bot thing that I saw in the economics section but I still dont quite understand it.

Good luck if you are going to use ema's macd's and charts to trade bitcoins 

[oscarg]

Im in Sydney.

Here is a Blog post I did back in May about Mining with 4 different GPUs I had lying around.

http://www.cpubbq.com/2013/05/mining-bitcoins.html   ..

I also kicked myself for not leaving them running once the price shot up, but at 680Watts it was going to cost a bit anyway...

reading the OSX on PC, mind blowing...

now there is a great sydney meet up on meetup.com called talk and trade bitcoin that meets in sydney on wednesday nights, great people organize it and oftern have a speaker.

Glad to have blown mind - yes that article was from 2008 and it still gets most of my views

http://www.meetup.com/Sydney-Bitcoin/ looks good, as does http://www.meetup.com/Beers4Bitcoins/

Its good to see physical things happening, and trading Bitcoin with people I can sit in the same room with and drink a beer with seems way better than the awkward process for sites like MtGox

As the number of posts on this site show, there is HEAPS to talk about.

[old_matey]

Have tried coinjar.io but they seem really slow to accept deposits.

As an update to this, first deposit took over 24 hours to show up on coinjar and second took about 4 hours.  Both were NAB to NAB transfers via internet banking.
Not sure how they'd take if it was a deposit at a NAB branch though.

[oscarg]

Re Coinjar.io taking time to accept

Most Australian banks will delay a direct transfer between 2 of its accounts for 24 hours,
if it is the first time the first account has sent anything to the second.

Im not completely convinced of the logic behind it, but thats how it is.

[zoonosis]

Heya Zoonosis.
Where in Oz are you? I'm in Victoria.

Mining BitCoin in Oz is gonna be challenging. There's a dude in Victoria that bought a shitload of GPU and blogged about his experience mining.
IMHO i think there opportunity mining the other altcoins... now which one is the fun and challenging part.

I'm yet to try my hand at trading but definitely going to check it out over the chrissy break.

Do you know many Aussies mining coins?

Hi, im in Brisbane
Got myself an R9 290 and currently mining altcoins, getting about 0.01BTC per day which isnt bad i guess. It pays for the electricity at least.
BTC price is going up so fingers crossed it takes off like some are saying.