I have lots of 5970s, so my (hopefully temporarily) devalued sale does not affect me so much.
On the other hand, I hope my experience prove a point to all the people who said "there is not enough liquidity to buy 50k": ensign_lee, Trini8ed, etc.
Topic: [SOLD] New HD 5970 for 50k i0coins (~$320!) (Read 4041 times)
i feel bad for this guy 
his .00075 exchange rate has dropped to .00029
in addition, btc prices have dropped to 6$
so essentially he sold his stuff for 50,000*.00029*6$ or around 87$
his .00075 exchange rate has dropped to .00029
in addition, btc prices have dropped to 6$
so essentially he sold his stuff for 50,000*.00029*6$ or around 87$
not to mention that the price will go up and he can sell off his iocoins for a good profit
I have been telling myself I would finally set up a rig in the fall once I would not have to deal with the heat as much. This seemed a good chance to get the video card, though it was a pain getting that many i0coins. I then had to find some people selling a few of the other parts I would need.
The buyer contacted me. Hopefully he will post in this thread to demonstrate that the sale truly happened.
First tangible good ever to be purchased with i0coins!
First tangible good ever to be purchased with i0coins!
Nice.
The buyer contacted me. Hopefully he will post in this thread to demonstrate that the sale truly happened.
First tangible good ever to be purchased with i0coins!
First tangible good ever to be purchased with i0coins!
damm I only had 47k left to mine 
Woot! A buyer actually did take the offer and sent me 50k i0coins, barely 1h before the time limit! This is the first time ever that a physical good is being purchased with i0coins to my knowledge. At current exchanges rates, that's 40 BTC or 288 USD for that new AMD Radeon HD 5970. That will prove to all the pessimists above that it was possible to grab this deal without too much trouble. On a second thought I should have priced it higher. Oh well 
For the record the txid was a3a387066cdad641f71c318993301f662f192765cb5a240e0ff46385e5998cca
However the mystery buyer hasn't yet attempted to contact me... Please reply to this thread!
For the record the txid was a3a387066cdad641f71c318993301f662f192765cb5a240e0ff46385e5998cca
However the mystery buyer hasn't yet attempted to contact me... Please reply to this thread!
[...] ixcoins [...]
what is this i don't even 
yeah I tried and gave up, and decided to sell my ixcoins at a higher price since I figured someone else would try and it worked lol.
edit: i0coins sorry
edit: i0coins sorry
Trini8ed: that's only if you buy 50k at once.
30k-100k I0C have been bought, daily, for the past few days with the price staying under .001 BTC.
30k-100k I0C have been bought, daily, for the past few days with the price staying under .001 BTC.
Guys I just realized its not gonna be 38 btc that's if you could buy 50,000 for 0.00075 you can buy a couple hundred but once you buy more the price is gonna go up and by the time you get to your 50,000 coin it will start costing it like 0.0020 per coin instead of 0.00075 so really you'll be spending about 500$ worth in the end because people most people sell it at the lowest price to sell. this is the order of the way you would buy it so after you buy 219 it will go up in price then the next 198 will be more then the 5 then the 20 and when you get to about 10,000 it will be about 0.00098 per i0 then then the next 20,000 will be like 0.0013 i0 then when you get to 20,000 like 0.0016 etc...
Code:
sell 0.00077999 219.90900000
sell 0.00078000 198.00000000
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I don't mean to be rude, but you're not going to get a lot of people that actually have i0coins or will use the client after the purchase. That's because this is a Bitcoin marketplace, so people are generally looking to buy things with Bitcoins or USD. It's like trying to get Amazon to accept ixcoins, you're just advertising in the wrong area.
I personally like Bitcoins. Even though they're slow, it's not like I'll need the money within 5 minutes. That's what block explorer is for.
I personally like Bitcoins. Even though they're slow, it's not like I'll need the money within 5 minutes. That's what block explorer is for.
A few persons have contacted me and seem interested. I will end the offer to sell the 5970 exactly 3 days from now, which leaves plenty enough time to buy 50k i0coins. I must receive payment by September 7 at 07:00 UTC. The block chain timestamp will determine if the sale will proceed or not. I will accept if the payment goes through 1 block late (ie. in the block immediately following 07:00 UTC). I will wait confirmation by an additional 40 blocks (nominally 1 hour) before acknowledging receipt of payment. Shipping is extra and will be arranged at the buyer's convenience (I accept USD/BTC/I0C).
There's not enough liquidity at the exchange.
It would cost 70 btc to buy 50k IOcoin, which is like $600. :/ Any chance you'd be ok with 25k IOCoin ($248) and then the remaining $132 in btc?
It would cost 70 btc to buy 50k IOcoin, which is like $600. :/ Any chance you'd be ok with 25k IOCoin ($248) and then the remaining $132 in btc?
Volume has been 100k I0C in the past 24 hours, yet the exchange rate has stayed under 0.001 I0C/BTC. So I would say there is enough liquidity. You just have to buy slowly over time.
There's not enough liquidity at the exchange.
It would cost 70 btc to buy 50k IOcoin, which is like $600. :/ Any chance you'd be ok with 25k IOCoin ($248) and then the remaining $132 in btc?
It would cost 70 btc to buy 50k IOcoin, which is like $600. :/ Any chance you'd be ok with 25k IOCoin ($248) and then the remaining $132 in btc?
Is there an exchange where I can buy IOCoins?
I'll buy that 5970.
{edit, reading up on exchange now}
I'll buy that 5970.
{edit, reading up on exchange now}
Price is now 50k i0c. This corresponds to an even lower 45 BTC, for a brand new HD 5970 at the current exchange rates!
We will see if that is futile or not ;-)
No, I don't have any outstanding order on any exchange. I am going long on i0coins.
No, I don't have any outstanding order on any exchange. I am going long on i0coins.
That's the point, I am asking for i0coins, not bitcoins. I want people to use it! People go crazy spending $700 on them, surely they can bother reading up about i0coins and making one transaction with them, can't they?
(i0coin is spelled with a zero, not with an o --in case you want to google it)
(i0coin is spelled with a zero, not with an o --in case you want to google it)
You don't happen to have a sell order for 45k I0Coins that's been sitting on the bitparking exchange?
I spent 2.5 bitcoins to buy 900 i0coins when they first came out. I sold my 900 i0coins for .44 BTC a couple days later. Whoops! That is a pretty cool thing you are doing, although I think it may be futile. Saturating the community with multiple crypto-currencies only devalues BTC in my opinion.
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