[SOLD] New HD 5970 for 50k i0coins (~$320!)

[mrb]

Selling one brand new HD 5970 for 50000 i0coins (I0C) which is about 38 BTC or 320 USD at current exchange rates:

0.00075 I0C/BTC   http://www.i0coins.info

Yes, I am looking to promote the i0coin currency! It is the alternate cryptocurrency with the fastest block chain (90 seconds per block, 48 I0C per block):

Exchange: http://i0exchange.bitparking.com
Discussion: https://bitcointalk.org/index.php?topic=36425.msg487953#msg487953  (link to "i0coin 1.1" when the network was "relaunched" on August 29)
Source download: https://github.com/fusebox/i0coin
Binaries download: https://github.com/fusebox/i0coin/raw/master/I0coinClientv1.zip
i0coin pool: http://i0pool.bitparking.com/pool

Edit: sold to 'twobits' (see last comments)! Yay this was the first tangible good ever to be sold for i0coins. There was enough liquidity on the exchanges for the buyer to get 50k I0C, proving that the market is deep enough.

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[mrb]

[CrazyGuy]

How about I give you 50 bitcoins and you go buy 45k iocoins?

[mrb]

That's the point, I am asking for i0coins, not bitcoins. I want people to use it! People go crazy spending $700 on 5970s, surely they can bother reading up about i0coins and making a transaction to buy mine, can't they?

(i0coin is spelled with a zero, not with an o, in case you want to google it.)

[CrazyGuy]

That's the point, I am asking for i0coins, not bitcoins. I want people to use it! People go crazy spending $700 on them, surely they can bother reading up about i0coins and making one transaction with them, can't they?

(i0coin is spelled with a zero, not with an o --in case you want to google it)

You don't happen to have a sell order for 45k I0Coins that's been sitting on the bitparking exchange?

I spent 2.5 bitcoins to buy 900 i0coins when they first came out. I sold my 900 i0coins for .44 BTC a couple days later. Whoops! That is a pretty cool thing you are doing, although I think it may be futile. Saturating the community with multiple crypto-currencies only devalues BTC in my opinion.

[mrb]

We will see if that is futile or not ;-)

No, I don't have any outstanding order on any exchange. I am going long on i0coins.

[mrb]

Price is now 50k i0c. This corresponds to an even lower 45 BTC, for a brand new HD 5970 at the current exchange rates!

[ensign_lee]

Is there an exchange where I can buy IOCoins?

I'll buy that 5970.

{edit, reading up on exchange now}

[ensign_lee]

There's not enough liquidity at the exchange.

It would cost 70 btc to buy 50k IOcoin, which is like $600. :/ Any chance you'd be ok with 25k IOCoin ($248) and then the remaining $132 in btc?

[mrb]

There's not enough liquidity at the exchange.

It would cost 70 btc to buy 50k IOcoin, which is like $600. :/ Any chance you'd be ok with 25k IOCoin ($248) and then the remaining $132 in btc?

Volume has been 100k I0C in the past 24 hours, yet the exchange rate has stayed under 0.001 I0C/BTC. So I would say there is enough liquidity. You just have to buy slowly over time.

[mrb]

A few persons have contacted me and seem interested. I will end the offer to sell the 5970 exactly 3 days from now, which leaves plenty enough time to buy 50k i0coins. I must receive payment by September 7 at 07:00 UTC. The block chain timestamp will determine if the sale will proceed or not. I will accept if the payment goes through 1 block late (ie. in the block immediately following 07:00 UTC). I will wait confirmation by an additional 40 blocks (nominally 1 hour) before acknowledging receipt of payment. Shipping is extra and will be arranged at the buyer's convenience (I accept USD/BTC/I0C).

[BurntSnow]

I don't mean to be rude, but you're not going to get a lot of people that actually have i0coins or will use the client after the purchase. That's because this is a Bitcoin marketplace, so people are generally looking to buy things with Bitcoins or USD. It's like trying to get Amazon to accept ixcoins, you're just advertising in the wrong area.

I personally like Bitcoins. Even though they're slow, it's not like I'll need the money within 5 minutes. That's what block explorer is for.

[Trini8ed]

Guys I just realized its not gonna be 38 btc that's if you could buy 50,000 for 0.00075 you can buy a couple hundred but once you buy more the price is gonna go up and by the time you get to your 50,000 coin it will start costing it like 0.0020 per coin instead of 0.00075 so really you'll be spending about 500$ worth in the end because people most people sell it at the lowest price to sell. this is the order of the way you would buy it so after you buy 219 it will go up in price then the next 198 will be more then the 5 then the 20 and when you get to about 10,000 it will be about 0.00098 per i0 then then the next 20,000 will be like 0.0013 i0 then when you get to 20,000 like 0.0016 etc...

Code:

sell	0.00077999	219.90900000
sell	0.00078000	198.00000000
sell	0.00079000	5.60000000
sell	0.00081388	20.27973468
sell	0.00085000	300.00000000
sell	0.00088000	500.00000000
sell	0.00088999	125.55000000
sell	0.00089000	1225.71600000
sell	0.00089348	4253.03400000
sell	0.00089438	226.63540738
sell	0.00090000	8.96500000
sell	0.00095000	348.00000000
sell	0.00097500	630.00000000
sell	0.00097800	134.90000000
sell	0.00098000	4789.37000000
sell	0.00098185	3870.26100000
sell	0.00098501	29.00000000
sell	0.00099800	110.00000000
sell	0.00099880	240.00000000
sell	0.00099980	200.00000000
sell	0.00099990	247.00000000
sell	0.00099999	500.00000000
sell	0.00100000	127.00000000
sell	0.00106000	250.00000000
sell	0.00107894	133.24000000
sell	0.00107895	3521.93750000
sell	0.00118566	3204.96310000
sell	0.00120000	226.49748608
sell	0.00129970	1000.00000000
sell	0.00129999	2860.00000000
sell	0.00130000	2976.04759479
sell	0.00130292	2916.51640000
sell	0.00134800	1490.00000000
sell	0.00135000	255.00000000
sell	0.00139000	8.78329681
sell	0.00141000	37.65697000
sell	0.00143178	2375.05795258
sell	0.00148677	624.00000000
sell	0.00148699	1500.00000000
sell	0.00149994	15.00000000
sell	0.00149995	1793.70000000
sell	0.00149999	20.00000000
sell	0.00150000	5036.25000000
sell	0.00155000	872.39240734
sell	0.00157339	2415.16730000
sell	0.00158736	428.00000000
sell	0.00160000	50.00000000
sell	0.00165000	20.00000000
sell	0.00170000	78.00000000
sell	0.00172900	2197.80220000
sell	0.00175000	937.00000000
sell	0.00178990	125.00000000
sell	0.00180000	1226.81274900
sell	0.00188800	426.50000000
sell	0.00199997	191.00000000
sell	0.00199999	96.00000000
sell	0.00200000	3232.00000000
sell	0.00213480	100.00000000
sell	0.00215000	419.40000000
sell	0.00219999	20.00000000
sell	0.00220000	1223.00000000
sell	0.00222222	1000.00000000
sell	0.00228999	90.00000000
sell	0.00230000	75.30000000
sell	0.00233000	856.00000000
sell	0.00240000	2053.39640000
sell	0.00243500	48.00000000

[mrb]

Trini8ed: that's only if you buy 50k at once.

30k-100k I0C have been bought, daily, for the past few days with the price staying under .001 BTC.

[Keninishna]

yeah I tried and gave up, and decided to sell my ixcoins at a higher price since I figured someone else would try and it worked lol.
edit: i0coins sorry

[terrytibbs]

[...] ixcoins [...]

what is this i don't even

[mrb]

Woot! A buyer actually did take the offer and sent me 50k i0coins, barely 1h before the time limit! This is the first time ever that a physical good is being purchased with i0coins to my knowledge. At current exchanges rates, that's 40 BTC or 288 USD for that new AMD Radeon HD 5970. That will prove to all the pessimists above that it was possible to grab this deal without too much trouble. On a second thought I should have priced it higher. Oh well

For the record the txid was a3a387066cdad641f71c318993301f662f192765cb5a240e0ff46385e5998cca

However the mystery buyer hasn't yet attempted to contact me... Please reply to this thread!

[zerokwel]

damm I only had 47k left to mine

[mrb]

The buyer contacted me. Hopefully he will post in this thread to demonstrate that the sale truly happened.

First tangible good ever to be purchased with i0coins!

[smoothie]

The buyer contacted me. Hopefully he will post in this thread to demonstrate that the sale truly happened.

First tangible good ever to be purchased with i0coins!

Nice.