Post
Topic
Board Hardware
Re: [Work in progess] Burnins Avalon Chip to mining board service
by
SebastianJu
on 25/07/2013, 17:53:39 UTC
I personally had to pay 5% extra to go from cash to bitcoins for my chip order, which was almost $100 premium and it took some time to do. That plus the bitpay exchange rate used would leave me short funds for a whole board or more. I don't think Paypal isn't the best exchange, I prefer google checkout, but bitcoin is not as easy to buy when the better payment methods start getting taken away by the government.

I didn't realize we had an option of a bank wire as he mentioned a sepa wire, which is a European union thing. Guess I don't wire money enough to know.

Where has one to pay 5%? oO I only know this from localbitcoins because work is involved to get fiat in hands. For example using bitstamp is 0.5% fee only. Thats pretty normal for exchanges. The bitcoin price is low there too because many cash bitcoins out there. They have a fast and working cashout, not like mtgox. So you could buy bitcoins for a lower price there. In fact for the normal price that bitinstant is using too.

Bitpay exchange rate is more normal than the one at mtgox. Check out bitcoincharts to see the average price. I believe mtgox price is higher because they have so much problems with paying out cash. It takes weeks and months to get your money to your bank account. So no one is selling at mtgox and the price is higher than normal.

It takes fucking forever to get btc with USD on exchanges

Why? I normally send euro and it reaches very fast. I wonder why it shouldnt work for usd. I mean bitstamp IS even in USD only.

How many PSUs do i need to order to run 30 Boards with 20 Chips each... And do i need to buy a splitter or something like that for the 6 pin power connectors ??

Depends what MHz you run the chips, what voltage and so. Ill let them run at 450MHz and 1.3V and they will eat 93W each miner. So you would buy 3 psu with 1000W for example so each psu powers 10 miner. Or 2 1500W psu's.