I'm just a few days into experimenting with bitcoins but a project hit me and got online ordered the parts.
and 200$ later i'm let wondering if i'm going to be able to build this.
I decided I want to build a Linux small PC based Keiosx bitcoin vendor.
I got a Bill Acceptor and PC controller card.
http://www.ebay.com/itm/CoinCo-MAG52BX-MDB-Bill-Acceptor-Validator-NEW-5-2008-/221079794712?_trksid=p5197.m1992&_trkparms=aid%3D111000%26algo%3DREC.CURRENT%26ao%3D1%26asc%3D14%26meid%3D1050772246700215426%26pid%3D100015%26prg%3D1006%26rk%3D1%26http://www.aliexpress.com/product-gs/430436657-MDB-bill-acceptor-Interface-to-computer-wholesalers.htmlI'm currently downloading Linuxcoin
http://www.linuxcoin.co.uk/I have it really set in my head the functionality. A lot of my idea came from reading about
http://bitcoinatm.com/ and the fireball of a mess I read about it.
I intend to not make there mistakes.
This is not an ATM. It is an stupid idea to stock a machine like this with cash. Your right the market of bitcoin is tiny right now and anything catering to people with them will fail. I'm catering to people who have not yet become a part of bitcoin. the idea is a place to go to buy small amounts of bitcoin. couple bucks in my hand and a RedBox vendor feel. No sketchy no name deposits into bank accounts. No moneygram; bank wire transfers, or Photocopys of government issued ID by dwolla <Really?
And at-least this way people will have a phone number on the machine to call. Machine stopped working? transfer coins manually and turn off machine.
Functionality
The way I understand this hardware is that this bill acceptor is pretty plug and play. couple switches for settings of bills, going to take 1/5/10/20. with a minimum transaction limit of 1$ and max 100$. The max is just because I don't want more then a 100$ of coins in any machine wallet. Worst case scam the machine I loose 100$. And the min just because I don't want to buy a coin acceptor.
Im going to have a 3g usb internet card. And each machine has its own wallet I can access at home and dump coins manually.
My big unknown right now is this computer controller card I ordered. I need to have it count the dollars and be able to pull that value into a transaction amount as bitcoins at a adjustable market rate. Bitcoin trading price * pct profit and then transfer onto the customers smart phone wallet. Via QR code reader.
I intended to have throw away wallets made that new people can grab and put them on there too.
The idea is have a website that lets people can see locations of ATM's and real time market rates once these catch on.
Any input on using this computer interface would be helpful it doesn't look like its going to come with software. And im guess it was made for a pay per use computer.
http://www.aliexpress.com/product-gs/430436657-MDB-bill-acceptor-Interface-to-computer-wholesalers.htmlAnd Im thinking this Linux coin OS is going to be hard to dumb down to use. and lock it down so it doesn't transfer more then cash put in.
Thanks
