the joint (OP)
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January 22, 2012, 09:10:29 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
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rjk
Sr. Member
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1ngldh
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January 22, 2012, 09:16:19 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
EclipseMC already offers this in the form of a PayPal cashout option, but this would be a good thing to have for other pools.
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the joint (OP)
Legendary
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Activity: 1834
Merit: 1020
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January 22, 2012, 09:18:01 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
EclipseMC already offers this in the form of a PayPal cashout option, but this would be a good thing to have for other pools. I'd prefer direct deposit to PayPal. PayPal can kindly suck it. But duly noted.
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Littleshop
Legendary
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Activity: 1386
Merit: 1004
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January 22, 2012, 09:21:21 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
sign up with pimpcoin.com and point your mining payouts to it. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Phinnaeus Gage
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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January 22, 2012, 09:26:39 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
I believe that you can direct deposit into your MtGox account with only one easy step, albeit it'll take at least 7 steps to get it back out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ft2.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcTJR0XY4TFh3NGXLSjpOl5_jxx4iX234adcHmkP3UGZMHoeXZF3sBpXnNgn&t=665&c=YANWcF-xFGTkDA)
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gnar1ta$
Donator
Hero Member
Offline
Activity: 798
Merit: 500
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January 22, 2012, 09:28:04 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
sign up with pimpcoin.com and point your mining payouts to it. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Or a Bit-Pay deposit card.... https://bit-pay.com/cards.html
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Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
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BitPay Business Solutions
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2012, 09:29:24 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
sign up with pimpcoin.com and point your mining payouts to it. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) This would work, although we don't recommend it. It's like running your own credit card on a sale at your own business to live off the float.
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BitPay : The World Leader in Bitcoin Business Solutions https://bitpay.comDoes your website accept bitcoins?
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the joint (OP)
Legendary
Offline
Activity: 1834
Merit: 1020
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January 22, 2012, 09:34:45 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
sign up with pimpcoin.com and point your mining payouts to it. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) This would work, although we don't recommend it. It's like running your own credit card on a sale at your own business to live off the float. I could easily see you guys banking huge if you teamed up with some pools to offer this feature (of course, promising not to release any banking info to the pools themselves).
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CoinExchanger
Member
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Offline
Activity: 76
Merit: 10
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January 22, 2012, 09:36:25 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
I believe that you can direct deposit into your MtGox account with only one easy step, albeit it'll take at least 7 steps to get it back out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ft2.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcTJR0XY4TFh3NGXLSjpOl5_jxx4iX234adcHmkP3UGZMHoeXZF3sBpXnNgn&t=665&c=YANWcF-xFGTkDA) Business is booming on our side, precisely because we do NOT require any type of personal documents for you to get your money. We offer instant withdrawals 24/7. Visit, www.coinexchanger.comPS. If for any reason you can NOT get "verified" with MtGox, and you need your money, they will go into a "detailed review" of your account which could take months to complete. Only then they will refund your account. BEWARE!
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pirateat40
Avast Ye!
Sr. Member
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Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 22, 2012, 09:45:18 PM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
I believe that you can direct deposit into your MtGox account with only one easy step, albeit it'll take at least 7 steps to get it back out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ft2.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcTJR0XY4TFh3NGXLSjpOl5_jxx4iX234adcHmkP3UGZMHoeXZF3sBpXnNgn&t=665&c=YANWcF-xFGTkDA) Business is booming on our side, precisely because we do NOT require any type of personal documents for you to get your money. We offer instant withdrawals 24/7. Visit, www.coinexchanger.comPS. If for any reason you can NOT get "verified" with MtGox, and you need your money, they will go into a "detailed review" of your account which could take months to complete. Only then they will refund your account. BEWARE! 6% on withdraws is a bit high even for me.
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MaxSan
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January 23, 2012, 01:02:37 AM |
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Ruxums pool offered this. Payout in like 14 currencys or something.
Just need miners on it !
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CoinExchanger
Member
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Offline
Activity: 76
Merit: 10
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January 23, 2012, 01:15:40 AM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
I believe that you can direct deposit into your MtGox account with only one easy step, albeit it'll take at least 7 steps to get it back out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ft2.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcTJR0XY4TFh3NGXLSjpOl5_jxx4iX234adcHmkP3UGZMHoeXZF3sBpXnNgn&t=665&c=YANWcF-xFGTkDA) Business is booming on our side, precisely because we do NOT require any type of personal documents for you to get your money. We offer instant withdrawals 24/7. Visit, www.coinexchanger.comPS. If for any reason you can NOT get "verified" with MtGox, and you need your money, they will go into a "detailed review" of your account which could take months to complete. Only then they will refund your account. BEWARE! 6% on withdraws is a bit high even for me. Thank you for your feedback pirate. We now lowered our fees to 3.5%!!
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the joint (OP)
Legendary
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Activity: 1834
Merit: 1020
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January 23, 2012, 01:16:23 AM |
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Ruxums pool offered this. Payout in like 14 currencys or something.
Just need miners on it !
Why the hell isn't this implemented everywhere? If everybody's so worried about being able to convert Bitcoins into (insert currency here) quickly and easily, wouldn't this be an easy solution to ease the worries of miners looking to recoup their hardware investment?
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BadBear
v2.0
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January 23, 2012, 01:26:51 AM |
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A lot of people who are still mining are long term holding, or accumulate and sell into peaks.
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the joint (OP)
Legendary
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Activity: 1834
Merit: 1020
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January 23, 2012, 01:30:40 AM |
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A lot of people who are still mining are long term holding, or accumulate and sell into peaks.
Sure, I get that, but the fees taken from withdrawing from an exchange might minimize the profit generated from selling into short peak, especially if we're talking about a wire transfer. Why not simply make it a payment option like PPS or proportional (i.e. PPS, proportional, or direct deposit)?
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pirateat40
Avast Ye!
Sr. Member
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Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 23, 2012, 01:35:01 AM |
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Has anyone thought about this yet?
Bit-Pay allows for merchants to essentially accept Bitcoins as cash that gets deposited directly into their bank accounts.
Is there any way to extend this service to allow a miner to instantly convert pool payouts into cash that is also directly deposited into his/her bank account?
Edit: I think Bit-Pay could REALLY profit from this.
Edit 2: Hey Bit-Pay, could I arrange something like this with you individually?
I believe that you can direct deposit into your MtGox account with only one easy step, albeit it'll take at least 7 steps to get it back out. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ft2.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcTJR0XY4TFh3NGXLSjpOl5_jxx4iX234adcHmkP3UGZMHoeXZF3sBpXnNgn&t=665&c=YANWcF-xFGTkDA) Business is booming on our side, precisely because we do NOT require any type of personal documents for you to get your money. We offer instant withdrawals 24/7. Visit, www.coinexchanger.comPS. If for any reason you can NOT get "verified" with MtGox, and you need your money, they will go into a "detailed review" of your account which could take months to complete. Only then they will refund your account. BEWARE! 6% on withdraws is a bit high even for me. Thank you for your feedback pirate. We now lowered our fees to 3.5%!! Now we are talking!!!
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rjk
Sr. Member
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1ngldh
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January 23, 2012, 01:35:40 AM |
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What I want is a bot to monitor the market, and determine the best time to sell my mining profits. Then it could be completely automated using an exchange's API. It wouldn't sell unless it met a minimum target amount, and then it would immediately withdraw. In my case, any withdrawals sent to Dwolla are automatically credited to my bank account, no button pushing needed.
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DeathAndTaxes
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Gerald Davis
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January 23, 2012, 06:15:35 AM |
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A lot of people who are still mining are long term holding, or accumulate and sell into peaks.
Sure, I get that, but the fees taken from withdrawing from an exchange might minimize the profit generated from selling into short peak, especially if we're talking about a wire transfer. Why not simply make it a payment option like PPS or proportional (i.e. PPS, proportional, or direct deposit)? Why would that be lower fees. What do you think the pool operator is doing behind the scenes. Hint #1: Selling bitcoins on an exchange for fiat (same fees) Hint #2: Performing ACH transaction to deposit funds (same fees)
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rjk
Sr. Member
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1ngldh
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January 23, 2012, 08:56:28 PM |
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What I want is a bot to monitor the market, and determine the best time to sell my mining profits.
If you can do that successfully, forget mining, just buy and sell. Might as well forget Bitcoin while you are at it, I'm sure there are other, easier to time markets. I mean, if your goal is simply fiat gains. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I only want this until my rigs are paid off, then I will HOARD HOARD HOARD HOARD until $30 again ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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