Quote from: btcshiner on April 02, 2014, 10:26:28 PM

Quote from: nlsupernova on April 02, 2014, 10:16:43 PM

hmm that sucks.
it shouldnt matter really.
we exchange our coins to fiat, send it to him, and he exchanges it back to btc again Wink

i hope he gets it sorted. he had a nice buisiness going for himself.

question is, what will fiat prices be like.....

hope it isn`t to much more then btc pricing

I agree I just got two S1's in yesterday. But I also trade BTC in addition to mining. With the price as low as it is for S1's and some reports of exchanges saying china banks are cutting off accounts related to BTC, how else could he exchange it? Ie if I get more than 50k in orders a day I am at risk of currency swings since cant exchange at the price as soon as I get it. I don't know if this affects Bitmain currently but if it does I would hedge and look to a solution that helps him and us as customers out. Ultimately I hope the PBOC rumors aren't true or as harsh but appriciate a stance that doesn't leave me or my hardware supplier holding a smelly bag of sh....

IIRC Bitmain was looking for a private party to exchange their BTC. It was a separate thread a month or so ago, so if that went through that may help mitigate the threat of Chinese banks freaking out. Assuming, of course, that the private party doesn't run into the same issue....