Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 271. (Read 479317 times)

Quote from: Stuartuk on July 21, 2013, 03:36:08 PM

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

It wouldn't if you were able to withdraw funds from MtGox. Since it's not the case, as it has been widely reported, this might just freeze funds for an unknown amount of time.

Correct me if I'm wrong as I may be but they said at least a week ago that USD withdrawls have resumed and regardless you have always been able to take out in Euros and convert.

Someone picked up a bounty a few days ago for posting a screenshot of them having an approved withdrawal in USD from Mt Gox

They finally found someone? it was about time...

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: Stuartuk on July 21, 2013, 03:36:08 PM

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

It wouldn't if you were able to withdraw funds from MtGox. Since it's not the case, as it has been widely reported, this might just freeze funds for an unknown amount of time.

Correct me if I'm wrong as I may be but they said at least a week ago that USD withdrawls have resumed and regardless you have always been able to take out in Euros and convert.

Someone picked up a bounty a few days ago for posting a screenshot of them having an approved withdrawal in USD from Mt Gox

E.Sam

sr. member

Activity: 393

Merit: 250

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

It wouldn't if you were able to withdraw funds from MtGox. Since it's not the case, as it has been widely reported, this might just freeze funds for an unknown amount of time.

Correct me if I'm wrong as I may be but they said at least a week ago that USD withdrawls have resumed and regardless you have always been able to take out in Euros and convert.

MtGox withdrawal issues are not a secret. Browse a bit around the forum for this, read comments on their Twitter & Facebook page... It might just be a huge conspiracy against Gox, or they might have some issues with liquidity. Either way, I don't think it's wise for a multi million company to take such a risk.
Now, they could of course try to withdraw in euro, hope it goes smoothly, and then convert in $ (losing a substantial amount of fees in the process) - or find an alternative (such as different markets http://bitcoincharts.com/charts/volumepie/, Bitcoin-OTC, etc.)

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: kslaughter on July 21, 2013, 11:31:38 AM

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

It wouldn't if you were able to withdraw funds from MtGox. Since it's not the case, as it has been widely reported, this might just freeze funds for an unknown amount of time.

Correct me if I'm wrong as I may be but they said at least a week ago that USD withdrawls have resumed and regardless you have always been able to take out in Euros and convert.

superduh

hero member

Activity: 602

Merit: 500

Quote from: funkymunky on July 21, 2013, 11:19:02 AM

Fantastic news

Thank you for the update.

Quote from: lewicki on July 21, 2013, 10:50:43 AM

News: Ken is flying out to California this week to talk to eASIC. Also this week, we will be getting a finished prototype of the Avalon board around the 23rd from an engineering firm. This firm will also be building the entire device once the board is approved and the chips arrive.

We are about a week behind on the Avalon prototypes, due to us having to get some bitcoins converted. I was dragging my feet due to the price of bitcoin being $68 at the time. Everything is looking good for the end of August for the Avalon clones. Looks like our 20,000 chips are going to be about two weeks late from what I have read.

consider posting in here:
https://bitcointalksearch.org/topic/public-announcements-large-verifiable-transactions-259206

matuszed

full member

Activity: 154

Merit: 100

Quote from: VolanicEruptor on July 21, 2013, 02:50:07 PM

Quote from: canuckgal on July 21, 2013, 02:37:40 PM

Quote from: VolanicEruptor on July 21, 2013, 02:33:46 PM

Quote from: canuckgal on July 21, 2013, 02:37:40 PM

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

Mt. Gox has been experiencing problems. This is why i ask. And Ken hasn't answered any of us who have asked. Undecided

Maybe we could talk with BtcQuick to see if they will buy the Bitcoins for a decent return? It should benefit both parties, BtcQuick gets Bitcoins at a decent price, and we get a fair exchange for USD?

I doubt BtcQuick has that kind of money laying around..

Yea very few parties have that kind of cash sitting on hand to just allocate to btc exposure.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: VolanicEruptor on July 21, 2013, 02:33:46 PM

Quote from: VolanicEruptor on July 21, 2013, 02:33:46 PM

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

Mt. Gox has been experiencing problems. This is why i ask. And Ken hasn't answered any of us who have asked. Undecided

Maybe we could talk with BtcQuick to see if they will buy the Bitcoins for a decent return? It should benefit both parties, BtcQuick gets Bitcoins at a decent price, and we get a fair exchange for USD?

I doubt BtcQuick has that kind of money laying around..

ffssixtynine

sr. member

Activity: 364

Merit: 250

It's actually about the time to receive funds as much as anything. Gox isn't practical if you need to pay anything in advance, let alone the current risk. I would assume that private deals are being done but I don't know.

Gox may be in use and it may be ok, and payment terms for suppliers may be 30-60 days credit.

Once we've had confirmation from eASIC themselves that the deal is done then we're on the way. Ken is there this week so if this is all going to happen we'll know very soon.

canuckgal

member

Activity: 104

Merit: 10

Quote from: VolanicEruptor on July 21, 2013, 02:33:46 PM

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

Mt. Gox has been experiencing problems. This is why i ask. And Ken hasn't answered any of us who have asked. Undecided

Maybe we could talk with BtcQuick to see if they will buy the Bitcoins for a decent return? It should benefit both parties, BtcQuick gets Bitcoins at a decent price, and we get a fair exchange for USD?

WildFire.ca

hero member

Activity: 980

Merit: 503

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

Mt. Gox has been experiencing problems. This is why i ask. And Ken hasn't answered any of us who have asked. Undecided

It probably best Ken keeps that information too him self.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

Mt. Gox has been experiencing problems. This is why i ask. And Ken hasn't answered any of us who have asked. Undecided

E.Sam

sr. member

Activity: 393

Merit: 250

Quote from: kslaughter on July 21, 2013, 12:29:07 PM

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

It wouldn't if you were able to withdraw funds from MtGox. Since it's not the case, as it has been widely reported, this might just freeze funds for an unknown amount of time.

Stuartuk

sr. member

Activity: 266

Merit: 250

Its the biggest exchange it wouldn't make sense to off load a large amount anywhere else would it?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: kslaughter on July 21, 2013, 12:29:07 PM

Quote

We are about a week behind on the Avalon prototypes, due to us having to get some bitcoins converted. I was dragging my feet due to the price of bitcoin being $68 at the time. Everything is looking good for the end of August for the Avalon clones. Looks like our 20,000 chips are going to be about two weeks late from what I have read.

@Ken - so all BTCs have now been converted to USD?

No, Working on it now.

People have also asked quite a few times if you are using Mt. Gox.
Ken, are you using Mt. Gox?

vlaoou321

sr. member

Activity: 266

Merit: 250

Quote from: kslaughter on July 21, 2013, 12:29:07 PM

Quote

We are about a week behind on the Avalon prototypes, due to us having to get some bitcoins converted. I was dragging my feet due to the price of bitcoin being $68 at the time. Everything is looking good for the end of August for the Avalon clones. Looks like our 20,000 chips are going to be about two weeks late from what I have read.

@Ken - so all BTCs have now been converted to USD?

No, Working on it now.

Please check information

E.Sam

sr. member

Activity: 393

Merit: 250

Quote

We are about a week behind on the Avalon prototypes, due to us having to get some bitcoins converted. I was dragging my feet due to the price of bitcoin being $68 at the time. Everything is looking good for the end of August for the Avalon clones. Looks like our 20,000 chips are going to be about two weeks late from what I have read.

@Ken - so all BTCs have now been converted to USD?

No, Working on it now.

Nice - thanks for the update

kslaughter

sr. member

Activity: 476

Merit: 250