Cryptocoin Mining?

[pm]

I can't get mine cancelled. Not sure what I will do with it.

Stick it on Ebay... the lowest priced one right now is $297. I sold mine last week for more than I paid for it.

And who knows.. $/BTC may continue to rise. It's $193 now...

But yeah, if yours is still a ways out... then personally, I'd just wait it out. You might be able to upgrade it when you get it to something faster via faster BFL chips... or via overclocking (https://bitcointalk.org/index.php?PHPSESSID=99l7n0g5dln7am10e5v8dcs2u4&topic=244235.0) and if not... well, sometimes you take a gamble and it doesn't pan out... but I hear you guys on the frustration. I bought my jalapeno in early March and if they'd shipped it in June/July/August like they said they would, I would have been thrilled. Instead I got it in early Oct and I'm looking at 100% difficulty increases per month... and I was pretty annoyed.... although I got my money back via Ebay.

 

[Rikard]

What is the reason for the latest increase of BTC/USD ratio? It has been on a steady rise for the past week.

Meanwhile, the LTC/USD has a long term negative trend. I was looking at getting back in the game now that it is getting cold outside and it is a fun way to heat my house, but BTC is not profitable, LTC looks like it has no future and all the other alts are just junk TBH. Thoughts?

Btw, I am mainly using my mined BTC for micro transactions like Humble Bundle and getting electronic goods off BitMit. I find it more convenient than taking out my credit card, and probably safer too.

 

[KentState]

Stick it on Ebay... the lowest priced one right now is $297. I sold mine last week for more than I paid for it.

And who knows.. $/BTC may continue to rise. It's $193 now...

But yeah, if yours is still a ways out... then personally, I'd just wait it out. You might be able to upgrade it when you get it to something faster via faster BFL chips... or via overclocking (https://bitcointalk.org/index.php?PHPSESSID=99l7n0g5dln7am10e5v8dcs2u4&topic=244235.0) and if not... well, sometimes you take a gamble and it doesn't pan out... but I hear you guys on the frustration. I bought my jalapeno in early March and if they'd shipped it in June/July/August like they said they would, I would have been thrilled. Instead I got it in early Oct and I'm looking at 100% difficulty increases per month... and I was pretty annoyed.... although I got my money back via Ebay.

I ordered back in March so not sure when it will come. It was a gamble and luckily I only went in for $300.

 

[pm]

I ordered back in March so not sure when it will come. It was a gamble and luckily I only went in for $300.

I ordered mine March 11th for the old price of around $149 and got it about a week and a half ago. I used it for a day or two, did some calculating and decided that doubling my money on Ebay was a better bet than trying to mine with it. Besides, they are loud.

According to BFL, they've shipped out all of the Jalapenos ordered in March as of yesterday.
https://forums.butterflylabs.com/blogs/bfl_jody/

Jody's blog was spot on for my order. The day she said it shipped was the day it shipped. So yours is on the way to you? I got an email notification when it shipped.

 

[KlokWyze]

I ordered mine March 11th for the old price of around $149 and got it about a week and a half ago. I used it for a day or two, did some calculating and decided that doubling my money on Ebay was a better bet than trying to mine with it. Besides, they are loud.

According to BFL, they've shipped out all of the Jalapenos ordered in March as of yesterday.
https://forums.butterflylabs.com/blogs/bfl_jody/

Jody's blog was spot on for my order. The day she said it shipped was the day it shipped. So yours is on the way to you? I got an email notification when it shipped.

Did the exact same thing with mine ordered Feb 26th. Got about $350 after ebay fees.

Crazy trend in BTC now. People are saying it's because it's rising in popularity in China. A new site opened up.

I've got most my CC in LTC. Crossing my fingers it will shoot up on some good news, like being implemented on Gox or something stupid. Gox is terrible, but the way the value fluctuates isn't based on sanity.

 

[Zargon]

I can't get mine cancelled. Not sure what I will do with it.

ah yeah they changed all their TOS before the last big update, welp.

 

[KlokWyze]

BTC is $225 on Gox. Here we go again... :awe:

 

[24601]

BTC is $225 on Gox. Here we go again... :awe:

Looks like LTC has recovered to 2.00 USD as well in the interim, as the ones using LTC as a hedge against BTC pulled out and others have covered this left-over previous position.

 

[pandemonium]

So, that was interesting. The NDA for the R 290X was lifted at 1am, and coincidentally, BTCs started to plummet. Fell to 175ish then quickly came back up to 200 (currently). I'm guessing all of the AMD favoring for buying that card and vendors that accept BTC surged with BTC traffic sales that the value dropped in reflection?

Either way, interesting coincidence.

Edit: MTGox trading is being pounded with traffic. These prices are fluctuating wildly! >.<

 

[VulgarDisplay]

What's the best way to exchange coins for US dollars these days? I've been sitting on 7.75 bitcoins for a long time. Now looks like the time to get out.

 

[AnonymouseUser]

What's the best way to exchange coins for US dollars these days? I've been sitting on 7.75 bitcoins for a long time. Now looks like the time to get out.

I've used Coinbase which deposits directly to my bank account within a week. There may be better options, I just haven't looked for anything else in a while.

 

[pandemonium]

I'm also on Coinbase. They're legit (registered in all 50 states and federally as a currency transmitter business), super easy, more secure than most, integrated for merchant capture services, recurring payments for general wallet/financial account use, and has lower fees than others.

You'll just have to wait about a week before you can really start trading after you've registered a bank account and bought your first btc. That's the only downside.

 

[24601]

http://www.forbes.com/sites/andygre...rom-ross-ulbricht-alleged-owner-of-silk-road/

 

[Qianglong]

Can someone help me with my MTGOX USD Withdrawal issue? On Sept 25th, I tried to withdraw my USD into my bank account. When I checked the account transaction history, the equivalent dollar amount was converted into BTC and sent an address. So lets say I wanted to withdraw the USD$500 into my bank account, when I performed the transaction, $500 worth of BTC was purchased and sent to an BTC address instead??

To this date I still have not received the deposit...anyone know what is going on?

 

[jester55]

Can someone help me with my MTGOX USD Withdrawal issue? On Sept 25th, I tried to withdraw my USD into my bank account. When I checked the account transaction history, the equivalent dollar amount was converted into BTC and sent an address. So lets say I wanted to withdraw the USD$500 into my bank account, when I performed the transaction, $500 worth of BTC was purchased and sent to an BTC address instead??

To this date I still have not received the deposit...anyone know what is going on?

I waited over 2 months for MTGOX to get there crap together and wire the money to my US bank account. I had to eventually cancel the bank transfer and repurchase Bitcoin to transferr back to my wallet. I plan to try Coinbase and hope for a better outcome.

The sad part is that MTGOX has known about their wire transfer issue to US bank accounts for months and never document it! So they basically never communicate to you the user that there are issues - in fact their site states that the transfer could take 10 day to 2 weeks to complete. To me this is an outright lie.

I HIGHLY RECOMMEND TO NEVER USE MTGOX! JMO...

 

[AnonymouseUser]

I HIGHLY RECOMMEND TO NEVER USE MTGOX!

Is the problem with MtGox, or is it with US banking or government? Do non-US customers have the same delays?

 

[jester55]

Is the problem with MtGox, or is it with US banking or government? Do non-US customers have the same delays?

From what I understand the issues they are having are not just contained to the US, but to countrys that have certain standards when it comes to international transfer. Didn't make a lot sense to me - just know that US is it not the only company effected. YMMV

 

[AnonymouseUser]

From what I understand the issues they are having are not just contained to the US, but to countrys that have certain standards when it comes to international transfer. Didn't make a lot sense to me - just know that US is it not the only company effected. YMMV

The good news is that there are a lot more legitimate places to buy/sell BTC now than there were even 6 months ago. The bad news is it's becoming harder to remain anonymous when doing so.

 

[Zargon]

got my jalapeno

pulling ~9ghs with it

 

[24601]

http://www.cryptocoincharts.info/v2/

Another high. Lots of new money coming in right now. Wonder if it'll hold.

 

[pandemonium]

Yup, BTC has officially matured (adult pun intended). Peaking @290 now.

 

[hawtdawg]

got my jalapeno

pulling ~9ghs with it

and you'll also never make your money back?

 

[pandemonium]

Hey, if all the miners in the world just suddenly stopped working, we'd have no transactions being processed and the value would deflate like crazy. So...I say we get everyone on board so the value drops, then organize the attack and get everyone rich. Go, team BTC, go!

Also, bitcoinity is hilarious. The price hit 300 and a nice little Sparta meme popped up real quick captioned, "madness, aww hell yeah". I was literally rofling.

 

[Shmee]

hmm, lite coins seem a lot more profitable for GPUs, just did some research on them. I wonder how it will do with a 290?

Also, anyone know the best way to get USD from litecoin into either a bank or into paypal?

 

[Zargon]

and you'll also never make your money back?

break even is about 3 months is it sits around 300 bucks


so no, unlikely to payoff in the near term without BTC continually increasing in value



alot better change tho with it hashing almost double what was advertised


but as far as long term, not bad, I need to get it on my kill-a-watt and see what wattage its really pulling

hopefully my 25ghs unit is here by the end of the month

I doubt I can expect 40 out of it sadly

should have just ordered 4 more jalapenos instead