Topic: [ANN] TagCoin - Multi Token Wallet and Trading Platform - page 77. (Read 301292 times)

OK..will try that out..spent quite a bit of time getting the xubuntu to work, so might as well do something with this..I take it you updated it manually since the current version needs latest drivers etc.. Once i Have it up and running, then I can sell individual mining rigs to people here to mine TAG (or whatever else they want, but TAG will be the primary one I will push..)

I'm getting 740ish, using BAMT 1.1 with some tweaks. It's based off of Debian I believe. No undervolting, just stock.

What OS are you using to get 750 khs? I can get that using Windows 8, but not with xubuntu..max i get after tweaking is around 550 to 600...

Yeah I'd love to grab the GPU's and/or the rigs for a good rate, but shipping it here makes me wonder if it'll take too much of a hit. Sapphire 280x's are getting 740-780 depending on which model it is. To reach 3mh you'd need 4 of them. Unless it's a 290, which can do close to 1mh per gpu.

My MSI R9 280X rig is 2.2mh, 3 @ 740kh. $300USD per GPU to my doorstep, or $240 if I'm using amazon giftcards.

I think 2 x 280x would be more lik 1.5-1.6MH.  But 35k PHP is like 800 USD, and a steal on a full rig.  You'd get killed in international shipping and taxes if you had one shipped to the US.

Damn stupid taxes 

Mark, if you wonna spread your exchange you can add dogecoin/btc to tagchash. But you should make it quickly and tell everyone about it.

This has been asked before but I can't recall the answer--is there an explorer which can search for transactions/final balance based on wallet address?

Mark,

Thanks for the detailed replies. I will explore the exchange further tomorrow. And many thanks!

24Kilo

Bid 99, Ask 101. In PHP. Both orders are worth 1 or 2 million pesos. That will peg your exchange rate until February 2014, I think.

Or Bid 99.99, Ask 100.01. Well, you get the idea.

As for those rigs, PHP35k is a 2 MH/s miner? Reserve me a couple of units, I'm buying after Christmas (when I get my bonus).

tag.hashfaster.com is down?

@24kilo - regarding charges, we are dependent on the banks for the wire transfer charges - Standard Chartered charges $10 to receive and $20 to send, and we add on $5 to each. Within the Philippines, in PHP there are no charges dealing in Pesos. If we were to open a bank account in USA, that would require me creating a company there, which is not an option right now due to regulatory concerns in USA. So we are stuck with the charges for wire transfers.

Paypal have recently made positive comments about Bitcoin, so we have decided to take in up to $200 ($50, $100 and $200 payments), with a 5% fee taken off each before depositing to the Tagbond account (they charge us 4.4% plus transaction fee). For payouts we can pay out with a $5 fee. However, we can only pay out from the Paypal account as much as in there - we will display the Paypal balance publicly so people know how much is available. With our Philippines Paypal account, we cannot deposit USD from a bank, we have to depend on USD coming in from customers, so no choice on that. We would also require KYC stuff done (govt ID and utility bill, same as for wire transfers) and display a message stating that if any chargeback was to take place, the user would be permanently banned from Tagbond. We have to do this to make sure we are protected. China now has KYC regulations for people trading crypto currency, and even though we don't have it yet, I think it is not far off where exchanges in the West are also required to do the same.

We will work on other emoney systems to get money into Tagbond, but that's what we have at the moment. If anyone has better ideas let me know - it' a problem for all businesses like ours - cannot imagine what Cryptsy will have to do to satisfy banks and regulators in USA...

@Dabs - This is pretty much what we are planning on doing here. We set a price for merchants or customers to buy at in PHP, direct from us or via the exchange at fixed price of 100 Pesos (about $2.50). If it is cheaper to buy from customers that want to cash out their TAG rewards, that is fine, but we will always have a stock of TAG that will sell for that price. Merchants then use that as rewards currency in mTAGs so they last longer..so for 10,000 Pesos they get 100,00 mTAGs, given away for whatever promotions they want have in mind. The cost is minimal for the returns. We set that price and don't price it lower, but as demand rises we reserve the right to move the price higher. If the bigger merchants want to buy using BTC on other exchanges they can do that, but that is a way off - most merchants don't want to bother, in any case that will force the price higher anyway.

We will build rigs like the ones I have, for users that want to mine TAG, and we can broker larger amounts so we have a regular supply to meet merchant demand here, or they can sell it on the exchange to merchants.

All of this should have an effect on pricing on other exchanges, and will probably result in more TAG being sold on our own exchange. If the merchant demand is there, and we don't have enough TAG here, then we have to buy on open markets, which will no doubt move the pricing up. We just don't know yet how much demand there will be...merchants we have spoken to like the idea, but we have to educate quite a bit on cryptocurrency in general.

Just as an aside, now we have separated Tagcash and Tagbond, we are changing the color scheme of tagcash.com to blue - I am sure you can work out why... We have been meaning to do this for a while, as they are 2 different companies with similar codebase. Tagcash is the payments platform. Tagbond is the rewards platform that needs the payment system embedded. Although we are pushing the platforms here in Philippines, some of our staff are going to be targeting businesses via email in the Bay Area and Silicon Valley - tech aware as they are, it should also mean some write ups and more exposure for tagbond, and by extension TagCoin

This is exactly what I was implying when I stated that I would rather see the $50,000 used to support TAG instead of building a mining farm. I am not suggesting currency manipulation by setting an unreasonable price, but say pegging a TAG to $1USD is a very realistic price, 60% below its high of $3USD, keeps mining profitable and tells the world that TAG coin has a real and useful value as currency as intended by its creator, which is what makes TAG unique among crypto-currencies. A crypto-coin with a purpose.

At current prices, I am not going to release any TAG instead I will mine some other rubbish and dump it to pay costs. I suppose that in the end, demand will start to drive the price of TAG upwards as market forces come into play.

I am more than happy to channel all my TAG trades through the TAG exchange, the $15USD deposit and $25USD really makes it difficult to trade small quantities of TAG for fiat. Not sure if these charges can be minimised in any way.

@tagbond, I'll let you know. Waiting for my money first.

@vesperwillow, I can do the "escrow" if you want to buy the cards. I'll get it from Mark, wrap it up, fed ex to you, charge you the same price, and get my 1% or whatever.

@tagbond, I just had this idea. Go put a massive buy order on your own exchange for TAG at the price you think it should be. You can also peg it to the PHP, because most of your business will be from there anyway. Your target market will be PHP businesses right?

See, if you peg it to the USD or BTC (or any other crypto), it will be more volatile. If you peg it in PHP, since that's a fiat currency, the price will be stable no matter what the value of BTC is. And the rate between USD and PHP doesn't change much every week. (It's about 1 USD = 44 PHP).

That way, all the miners will want to sell their TAG on your exchange, and all the other exchanges will follow whatever pricing you put. Yours will be the "standard" price, and all the others will be +/- a few percent, but close, so people doing their day trading can still do it.

Just an idea. Dunno if that makes sense.

I know right? One day.

Newegg had stock on Sapphire 280Xs earlier today.  I got all excited until I remembered that I don't have any fiat lol.

If Newegg only took Tagcoin... oh man.

You're safe for now, more MSI's became available on Amazon but before I could finish checking out, they were sold. Stupid mobile internet connection died on me lol.

Back to refreshing the inventory pages every few moments.. lol

Damnit, Vesper... let me catch up to your hashpower first lol.

How much for just the GPUs shipped to America? lol

@Dabs - Sapphire R9 280X (same as 7970's I think) - I can do the whole rig of mobo, 2 x Sapphire 280X cards, 2GB RAM, 1050 PSU, 8GB USB with Xubuntu, latest catalyst drivers, cgminer with scripts ready to go, working (no case)...just plug in and mobo will startup automatically, then can remotely administer via ssh or hook up a monitor. Change one line in your mine_tag.sh script for the pool to connect to..obviously you can mine anything you want.. - Price is 35,000 Pesos (or equivalent in BTC, TAG)