Author

Topic: FinCEN aftermath - We need more ASIC, pronto (Read 2922 times)

sr. member
Activity: 462
Merit: 250

Truly the ones making out big in the gold Bitcoin rush will be the ones selling the shovels ASICs.

not until the easy gold is dug first
legendary
Activity: 1002
Merit: 1000
Bitcoin
and about helveticon ?
full member
Activity: 196
Merit: 100
Another block in the wall
According to FinCEN, I can mine/trade any cryto-currency just as long I don't try to peg the value to uncle sam's dead prez. That for me is good news, for others, perhaps not.
full member
Activity: 196
Merit: 100
Another block in the wall
I'm a miner, so my thing is hardware.

As of now, all my transactions will be done only in BTC, given availability.

I've already bookmarked https://www.bitcoinstore.com/

Now it's official.
hero member
Activity: 490
Merit: 500
Yeah, people don't get that ASICs don't produce more bitcoins, they just take more share.  

I can imagine 2 hedge funds spending $millions of investors money on them and each wondering why they never produce more coins. Grin

Truly the ones making out big in the gold Bitcoin rush will be the ones selling the shovels ASICs.
hero member
Activity: 868
Merit: 1000
I'm not sure why you think the FinCEN guidelines mean more ASICs are needed.  3600 BTC are going to be produced per day whether they're produced on GPUs or ASICs and FinCEN doesn't going to give a damn about what hardware you used to produce them - only what you do with them after you've mined them.
full member
Activity: 196
Merit: 100
Another block in the wall
That's why 'more' is in the title.

So far we have Avalon, ASICMINER. Yea, we need some more....
legendary
Activity: 1764
Merit: 1002
don't worry.  the asics are coming.

Is this a BFL quote?   Grin

no, an Avalon one.
legendary
Activity: 1974
Merit: 1010
don't worry.  the asics are coming.

Is this a BFL quote?   Grin
legendary
Activity: 1764
Merit: 1002
don't worry.  the asics are coming.
hero member
Activity: 700
Merit: 500
What is the current status of an actually BTC debit in whatever fiat?

This my friend is the million dollar question.

Give me the ability to withdraw bitcoin from ATM as cash and I will glady stuff all of my savings into that account.
full member
Activity: 196
Merit: 100
Another block in the wall
Who's making it happen?

Also,

What is the current status of an actually BTC debit in whatever fiat?


EDIT:
ATTENTION NEW MEMBERS

  • PRIMEASIC - confirmed scam, [FAKE]
https://bitcointalksearch.org/topic/m.1579440

  • GalaxyASIC - possible scam, [PENDING VERIFICATION]
https://bitcointalksearch.org/topic/m.1672838

  • ASIC Cedartec - confirmed scam, [FAKE]
https://bitcointalksearch.org/topic/m.1686811

  • kncminer - possible scam, [.......?.......]
https://bitcointalksearch.org/topic/swedish-asic-miner-company-kncminercom-170332
Jump to: