[ActiveMining] The Official Active Mining Discussion Thread - page 271.

Stuartuk

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Quote from: E.Sam on July 21, 2013, 02:13:54 PM

Quote from: Stuartuk on July 21, 2013, 02:07:58 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.

superduh

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

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

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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: Stuartuk on July 21, 2013, 02:07:58 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

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

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

Quote from: Stuartuk on July 21, 2013, 02:07:58 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

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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

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

Quote from: Stuartuk on July 21, 2013, 02:07:58 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

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

Quote from: Stuartuk on July 21, 2013, 02:07:58 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

It probably best Ken keeps that information too him self.

VolanicEruptor

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Activity: 392

Merit: 250

Quote from: Stuartuk on July 21, 2013, 02:07:58 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

E.Sam

sr. member

Activity: 393

Merit: 250

Quote from: Stuartuk on July 21, 2013, 02:07:58 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 from: E.Sam on July 21, 2013, 12:22:24 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

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

Quote from: E.Sam on July 21, 2013, 12:22:24 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

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Activity: 393

Merit: 250

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

Quote from: E.Sam on July 21, 2013, 12:22:24 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.

Nice - thanks for the update

kslaughter

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Activity: 476

Merit: 250

Quote from: E.Sam on July 21, 2013, 12:22:24 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.

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?

WildFire.ca

hero member

Activity: 980

Merit: 503

Quote from: ffssixtynine on July 21, 2013, 11:59:48 AM

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

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.

Are they paid for now?

Yes, the chips and assembly is paid for.

ffssixtynine

sr. member

Activity: 364

Merit: 250

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

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.

Are they paid for now?

matuszed

full member

Activity: 154

Merit: 100

Quote from: LordMeowMeow on July 21, 2013, 11:49:07 AM

I don't understand why people put big buy orders way above the current bids. Why pay more?

4,907 ฿0.00266540 -> all the other bids are @ 0.025x

Yea I don't know why you wouldn't just cross in that scenario.

Fyi on bitfunder the market is 0.00266540 by 0.00266550 at the time of this writing

matuszed

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

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.

Too many people discount the BTC/USD conversion risk, the markets just don't have the liquidity in place yet for large transfers.

People hate on regulation of BTC so hard but if the CFTC stepped in it would bring currency futures for BTC and allowing mining operations such as ActiveMine to hedge the fluctuations, hell it could even bring liquid difficulty futures.

LordMeowMeow

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Activity: 617

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I don't understand why people put big buy orders way above the current bids. Why pay more?

4,907 ฿0.00266540 -> all the other bids are @ 0.025x

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 271. (Read 479475 times)