[X] My Assistant

Uh. See the first post. It links to a list of exchanges, but like I've said before, you're not going to be able to buy Bitcoins from an exchange with anything that can be reversed. Which excludes credit cards and shit like PayPal.

So my debit card has the same value as Scootaloo's wings :{

Fine, I'll wait to see what's going to happen with Bitcoin software (8800 blocks left). If it's
too much of trouble then I'll have no other choice by "donating" some pony drawings.

P.S: Btw I have 50 bucks stuck in Payza (meant for donation before you closed the account) &
like I've said before I can't share my bank account so I can't withdraw them. If you could make
an exception just this once then let me know (pm if you want) & I'll gladly give them to you.

You're torturing me Tenbrony Do :[

6500 blocks left...

Nice, accepting bitcoins as donations. Still don't have enough to donate yet, but the prices of BTC keeps going up due to Cyprus being bailed out by the EU. Mining sucks unless you got an ASIC, but even then buying BTC locally is cheaper if prices are low.

Was wondering if Western Union has been brought up before for donations?

I have an idea, maybe irrational but very convenient for members who have trouble buying BTC and/or getting an ASIC.
(under Tenboro's permission of course)

How about a Bitcoin shop thread? Those who have their powerful GPU could share an amount of BTC for credit/hath equivalent
& send through wallet-to-wallet; Like I've said just an idea, or we could make more interesting trades with Payza payment.

Like I've said just an idea, or we could make more interesting trades with Payza payment.

There won't be any "official" backing for anything like that, but it's not like we can stop people from exchanging stuff for BTC privately.

There won't be any "official" backing for anything like that, but it's not like we can stop people from exchanging stuff for BTC privately.

That's understandable, after all it's all about security issues.

So a plain thread in general/tech chat with a title "sell me your btc" won't bring any trouble I hope,
also I found [www.exchangeratehq.com] this site that shows the specific rate between USD & BTC.

Any kind of exchange will be made through PM, is that ok?

Not a bad idea... Exchange virtual cash for virtual cash. (IMG:[invalid] style_emoticons/default/wink.gif)

I wonder how many Hath, one BTC will be worth. I figure at normal Adopt-a-Server rates, it's about 10 cents per Hath. This comes from dividing 27 dollars by 3 months of hath ($27.00/270=$0.10). I think that's about 650 Hath, then. Of course the actual amount will vary with exchange rate of BTC to dollars...

This post has been edited by lovehcomics: Mar 21 2013, 04:13

Not a bad idea... Exchange virtual cash for virtual cash. (IMG:[invalid] style_emoticons/default/wink.gif)

I wonder how many Hath, one BTC will be worth. I figure at normal Adopt-a-Server rates, it's about 10 cents per Hath. This comes from dividing 27 dollars by 3 months of hath ($27.00/270=$0.10). I think that's about 500 Hath, then. Of course the actual amount will vary with exchange rate of BTC to dollars...

Your forgetting the value of time. Using the 3 month price gives you an ever less accurate price then the 1 mount price. The function of AaS price vs time best approximates a log function, and it gives ~$.156 for day and ~$.198 for an hour (saying 1 mouth is 1/12 of 365.2425)

This post has been edited by sigo8: Mar 21 2013, 11:01

Which that explains the high prices (with small exchanges)...

A plain question to avoid bitcoin calculation: let's say I want to buy 10 bucks from you, the
exchange rate shows 0.155458932647, so how much I shoud give you (including the fee)
in order to cover your time expenses?

This post has been edited by BrainSucks: Mar 21 2013, 08:22

Which that explains the high prices (with small exchanges)...

A plain question to avoid bitcoin calculation: let's say I want to buy 10 bucks from you, the
exchange rate shows 0.155458932647, so how much I shoud give you (including the fee)
in order to cover your time expenses?

Um, if you were talking to me, nothing I was talking about involved bitcoin. I was purely talking about how much 1 hath is worth in USD (I just now edited in some $ make that clearer). And by "the value of time" I meant the premium someone would pay to get the hath instantly and not over a month as they would with AaS (Adopt-A-Server).

Um, if you were talking to me, nothing I was talking about involved bitcoin. I was purely talking about how much 1 hath is worth in USD (I just now edited in some $ make that clearer). And by "the value of time" I meant the premium someone would pay to get the hath instantly and not over a month as they would with AaS (Adopt-A-Server).

(IMG:[invalid] style_emoticons/default/mellow.gif)

Oh... my bad then.

I guess it's better to leave such details for btc sellers to calculate their own profit.

All I ask if someone here is kind enough to inform the value of btc & how the fee transaction/send
wallet-to-wallet works (if there's a fee), for example 0.0155[...] BTC which is almost 1 dollar, then
how much is it worth with USD and/or credit/hath with an appropriate fee for seller's advantage?

If I'm gonna make a deal thread (still waiting for Tenboro's greenlight for that) I want to make
interesting offers as a buyer & also for everyone's convenience 'n' interest for trading.

I have an idea, maybe irrational but very convenient for members who have trouble buying BTC and/or getting an ASIC.
(under Tenboro's permission of course)

How about a Bitcoin shop thread? Those who have their powerful GPU could share an amount of BTC for credit/hath equivalent
& send through wallet-to-wallet; Like I've said just an idea, or we could make more interesting trades with Payza payment.

I think it's a good idea.

As long as the deal's good and no overpriced additional charge (IMG:[invalid] style_emoticons/default/dry.gif) Just like .. Mt.gox or whatever trading post out there (IMG:[invalid] style_emoticons/default/dry.gif)

How could if I want to buy $100 worth bitcoins I have to prepare around $200-$300 USD?

Is there any more convenient way like P2P / direct transaction ( but trustworthy ) bitcoins transaction ?

I have an idea, maybe irrational but very convenient for members who have trouble buying BTC and/or getting an ASIC.
(under Tenboro's permission of course)

How about a Bitcoin shop thread? Those who have their powerful GPU could share an amount of BTC for credit/hath equivalent
& send through wallet-to-wallet; Like I've said just an idea, or we could make more interesting trades with Payza payment.

Theoretically, a good idea. But I'll remain reserved for now. I'd like to avoid another disappointment.

All I ask if someone here is kind enough to inform the value of btc & how the fee transaction/send
wallet-to-wallet works (if there's a fee), for example 0.0155[...] BTC which is almost 1 dollar, then
how much is it worth with USD and/or credit/hath with an appropriate fee for seller's advantage?

When you already have bitcoins you do not think in USD or Euro anymore, and I guess you might not want to think in Euro ever again (sorry I could not resist). Given that you have 0.0155 bitcoins in your wallet you can send any amount of bitcoins within 0.00000001 to 0.0155 to anyone else having a bitcoin wallet. Transactions in bitcoin takes long to run (possibly hours), but you can add a fee of 0.0005 bitcoin to give the transaction priority resulting in a faster transaction. This fee is paid to the "bitcoin network" or more exactly to the person that mined the coins you use. It also reduces the maximum amount you can send to 0.015 as you need the 0.0005 for the fee.

Now, if you have ten bucks and you want to buy some coins from someone the situation is a little more complex. Getting the coins in the first place is normaly the most complex part.

A plain question to avoid bitcoin calculation: let's say I want to buy 10 bucks from you, the
exchange rate shows 0.155458932647, so how much I shoud give you (including the fee)
in order to cover your time expenses?

The exchange rate normaly shows "the price of one bitcoin in USD", which is about 60 bucks by today rate. MtGox is actually prety good for you to check the exchange rate, they have it on the front page (it is at the top). If Tenboro can be arsed to add the bitcoin rate to the donation screen here's javascript onliner to get the exchange rate (OK it's a 2 liner, and it's missing the jQuery stuff to get the page in the first place):

CODE

document.location = 'https://mtgox.com';
/[0-9.]+/.exec(document.getElementById('weightedAverage').lastChild.innerHTML)[0];

I just got 64.17407 dollars per bitcoin looking in there just now. Henceforth:

To send 10 bucks you need:
10/64.17407 = 0.15582618 bitcoins

As you want the transaction to take priority you need an extra 0.0005 bitcoin so we need to get 0.15632618 bitcoins.

As you noted, the bitcoin exhange services put an extra fee over the exchange. I never used mtgox so I cannot tell you about their fees, but the exchange I use (blockchain.info) have fees of about 7~9% over the value being exchanged. So:
X*0.91/64.17407 = 0.15632618
And it folows that you need 11.03 USD to cover the costs and get 10 USD of coins into your wallet.

This is all if the bitcoin price would remain rather static, which is hardly true, there's some risk associated with trading bitcoins. A good heuristic to cover the risk and the hassle could be offer 15~25% more over the value. i.e. If you say that you will pay 12~13 USD to someone who loads your wallet with 10 USD of bitcoins at 64.17407 rate it is good business.

Hey folks,

While looking around at bitcoin information, I've come to realize that my nvidia card while great for gaming is not what one wants to use for mining purposes. And since ASIC seems to be the up & coming thing, I ran across this thanks to the mining.bitcoin.cz irc forum. Apparently Butterfly Labs is coming up with their own bitcoin miners. The lowest starts at $149 for a 4.5 GH/s miner and goes up from there. Assuming bitcoins don't suddenly take a nosedive in price, this could pay for itself rather quickly.

The link to their site is right here: [www.butterflylabs.com] Butterfly Labs

I have to admit though, I am somewhat partial to the next one up at $650, but it's not something I can afford (yet).

Anyway, just throwing out other ideas for those intersted in mining, and no I'm not planning on being a spokesperson for them. (IMG:[invalid] style_emoticons/default/wink.gif) Keep in mind that they may still be in the preorder stage since the site has the following:

Pre-order Terms: Bitforce SC (ASIC) products are in final stage development with initial shipping scheduled for the last half of March 2013. Products are shipped according to placement in the order queue, and delivery may take 2 months or more after order. All sales are final.

laters,

RRViper
(who is currently sitting at 0.03200402 BTC after about 3 days)

This post has been edited by RRViper: Mar 21 2013, 16:39

ASIC will never be worth it. The second they are released, the difficulty goes up at the next bi-weekly adjustment, making mining even harder.

When you already have bitcoins you do not think in USD or Euro anymore, and I guess you might not want to think in Euro ever again (sorry I could not resist).

No prob, it's not that I'm gonna burn them or anything XD

Given that you have 0.0155 bitcoins in your wallet you can send any amount of bitcoins within 0.00000001 to 0.0155 to anyone else having a bitcoin wallet. Transactions in bitcoin takes long to run (possibly hours), but you can add a fee of 0.0005 bitcoin to give the transaction priority resulting in a faster transaction. This fee is paid to the "bitcoin network" or more exactly to the person that mined the coins you use. It also reduces the maximum amount you can send to 0.015 as you need the 0.0005 for the fee.

Now, if you have ten bucks and you want to buy some coins from someone the situation is a little more complex. Getting the coins in the first place is normaly the most complex part.

The exchange rate normaly shows "the price of one bitcoin in USD", which is about 60 bucks by today rate. MtGox is actually prety good for you to check the exchange rate, they have it on the front page (it is at the top). If Tenboro can be arsed to add the bitcoin rate to the donation screen here's javascript onliner to get the exchange rate (OK it's a 2 liner, and it's missing the jQuery stuff to get the page in the first place):

CODE

document.location = 'https://mtgox.com';
/[0-9.]+/.exec(document.getElementById('weightedAverage').lastChild.innerHTML)[0];

I just got 64.17407 dollars per bitcoin looking in there just now. Henceforth:

To send 10 bucks you need:
10/64.17407 = 0.15582618 bitcoins

As you want the transaction to take priority you need an extra 0.0005 bitcoin so we need to get 0.15632618 bitcoins.

As you noted, the bitcoin exhange services put an extra fee over the exchange. I never used mtgox so I cannot tell you about their fees, but the exchange I use (blockchain.info) have fees of about 7~9% over the value being exchanged. So:
X*0.91/64.17407 = 0.15632618
And it folows that you need 11.03 USD to cover the costs and get 10 USD of coins into your wallet.

This is all if the bitcoin price would remain rather static, which is hardly true, there's some risk associated with trading bitcoins. A good heuristic to cover the risk and the hassle could be offer 15~25% more over the value. i.e. If you say that you will pay 12~13 USD to someone who loads your wallet with 10 USD of bitcoins at 64.17407 rate it is good business.

Finally an enlightening answer, thank you kindly ^^

So if I understand correctly & make things simple 'n' easy in a deal thread:
I have to show [mtgox.com] this link so everyone can check the current value of 1 bitcoin.
Then [x] dollars division with the valued [x] btc, plus 0.0005 btc fee for a quick transaction with wallet-to-wallet.

Show [blockchain.info] an alternative exchange service for a similar process with additional 7~9% fee.

And the best deal should be an offer of 15~25% for seller's profit & expense cover.

Edit: I forgot the limit of 0.0155 for wallet-to-wallet without an exchange service, sorry.

Edit 2: If the deal operation is success it would be convenient for those who collect btc for their own, but in my
case who made a btc wallet just to support Tenboro, paying fees from seller's transaction & then paying other fees
for sending to T.brony Do would be kinda stupid for my behalf. So I'm thinking to make offers with the 15~25%
bonus but send the btc directly to Tenboro instead of me (I repeat, it's additional trade for my case), everyone
will be happy & me who can finally remove that 6 GB of waste from my HDD.

This post has been edited by BrainSucks: Mar 21 2013, 20:23

Given that you have 0.0155 bitcoins in your wallet you can send any amount of bitcoins within 0.00000001 to 0.0155 to anyone else having a bitcoin wallet.

Not quite, transations that have any outputs (including [en.bitcoin.it] change) less then 0.0001 will likely be rejected by the network if it doesn't have a transaction fee. The default client won't even let you sent a transaction if any outputs are less then 0.001 without a fee.

[en.bitcoin.it] https://en.bitcoin.it/wiki/Transaction_fees