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[SURVEY] Writing a biz guide to accepting BTC; I need BTC businesses' feedback!
Hi everyone! I'm looking for Bitcoin-accepting businesses to take a survey that will go into a decision maker's guide to accepting Bitcoin payments. Responses will help me focus on the biggest technical and regulatory pros and cons, versus credit cards, PayPal, and other payments. Once I complete the guide this winter, I'll release it and the survey results for the community to use!
Survey link
Who should take the survey? Business owners/decision-makers who already accept Bitcoin payments.
Why should you take the survey and reshare it? Addressing other businesses' technical and legal concerns is key to whether they adopt Bitcoin. Consider how quickly the BTC regulatory environment has evolved over the past year -- that's scary to most businesses! I want to help them over the biggest hurdles and show how adopting Bitcoin will help them succeed.
Who am I? I've been mining, trading, and paying in Bitcoin for two years. I'm taking a technical writing class, and want my work to go to something useful. (You can also find me on Reddit as u/BitcoinBizSurveyor.)
Feedback is welcome! Thanks in advance for your time, and please send the survey to any Bitcoin business owners you know.
Survey link
Who should take the survey? Business owners/decision-makers who already accept Bitcoin payments.
Why should you take the survey and reshare it? Addressing other businesses' technical and legal concerns is key to whether they adopt Bitcoin. Consider how quickly the BTC regulatory environment has evolved over the past year -- that's scary to most businesses! I want to help them over the biggest hurdles and show how adopting Bitcoin will help them succeed.
Who am I? I've been mining, trading, and paying in Bitcoin for two years. I'm taking a technical writing class, and want my work to go to something useful. (You can also find me on Reddit as u/BitcoinBizSurveyor.)
Feedback is welcome! Thanks in advance for your time, and please send the survey to any Bitcoin business owners you know.
Today's VWAP is $91.42 for redeem pool payouts
Hi Chris. I still haven't received my payout from my last activity on protected. Any update on when I'll receive it?We have received a request for orders that far exceeds the amount of Avalon chips that we have already ordered. The money raised from pre-orders will be used to order more Avalon chips, to ensure a constant supply of our products.
That's excellent news, but many of us are still waiting for proof you have, indeed, pre-ordered Avalon chips.
Why not wait until you have at least a working model before taking pre-orders? The most you will lose if you guys can complete a demo by next Friday is a what, a week?
The best way to gain trust on an accelerated schedule would be to assemble and have someone independently verify your demo board with an on-site visit -- then announce a preorder something like a week after their review.
The absolute best way to gain trust from the entire community would be not to take money for products you don't have, as you originally planned. Assemble a ton of modules and DXes, enough to verify you've thrown a lot of money at this and won't disappear overnight. Have one or two people come in and confirm for us, then go buy trashbags to hold the incredible amounts of money people will throw at your 100%-guaranteed-legit product.
I just received this email.
I'm disappointed that Terrahash is going to a preorder scheme when we have no manufacturing timeline, no way to guarantee a timeline would be adhered to, and still no details of (e.g.) their Avalon bulk order. I also find it odd that this reversal came so suddenly.
Also, while I'm glad they will accept PayPal, if preorders are far enough in advance of projected delivery, that may hinder our ability to obtain refunds (through PayPal) should Terrahash disappear or miss a delivery target after PayPal's dispute resolution period has expired.
Side note: Can we get a guarantee of what will happen if Terrahash gets board manufacturing rolling long before the DX cases are ready? In a preorder scheme, I think the only fair approach is to wait to release both DXes and standalone modules at the same time. (This is coming from someone who only intends to buy modules at this point, too...)
Quote
Hello,
Thanks for expressing your interest in our products. Over the last month we have received numerous emails and calls, enquiring when our products will be available for pre-order. People interested in our products have been continuously requesting us to take their orders. We have kindly declined to honor all such requests so far. Another request we have received a lot is to start accepting alternate forms of payment including PayPal and Wire/Cash.
Due to the huge demand, we have decided to start taking orders. Our website will start taking orders starting Tuesday June 18th, 2013 at 9:00 am Pacific Standard Time. For the first 24 hours, only the folks who have signed up for an account on our website before this email, would be allowed to place an order. After that anybody would be able to order.
We have also accepted the second request, and will accept PayPal and Wire as a payment method. We will not be accepting any cash at our office.
As a consequence of accepting PayPal/Wire as a payment, we will have to fix the prices of our products in USD. BTC prices will vary by the day, but users wanting to order with BTC will still be able to do that.
We have made considerable progress towards the development of our products. We are very hopeful that by next week we will have a working demo board ready.
Thanks,
TerraHash Team.
Thanks for expressing your interest in our products. Over the last month we have received numerous emails and calls, enquiring when our products will be available for pre-order. People interested in our products have been continuously requesting us to take their orders. We have kindly declined to honor all such requests so far. Another request we have received a lot is to start accepting alternate forms of payment including PayPal and Wire/Cash.
Due to the huge demand, we have decided to start taking orders. Our website will start taking orders starting Tuesday June 18th, 2013 at 9:00 am Pacific Standard Time. For the first 24 hours, only the folks who have signed up for an account on our website before this email, would be allowed to place an order. After that anybody would be able to order.
We have also accepted the second request, and will accept PayPal and Wire as a payment method. We will not be accepting any cash at our office.
As a consequence of accepting PayPal/Wire as a payment, we will have to fix the prices of our products in USD. BTC prices will vary by the day, but users wanting to order with BTC will still be able to do that.
We have made considerable progress towards the development of our products. We are very hopeful that by next week we will have a working demo board ready.
Thanks,
TerraHash Team.
I'm disappointed that Terrahash is going to a preorder scheme when we have no manufacturing timeline, no way to guarantee a timeline would be adhered to, and still no details of (e.g.) their Avalon bulk order. I also find it odd that this reversal came so suddenly.
Also, while I'm glad they will accept PayPal, if preorders are far enough in advance of projected delivery, that may hinder our ability to obtain refunds (through PayPal) should Terrahash disappear or miss a delivery target after PayPal's dispute resolution period has expired.
Side note: Can we get a guarantee of what will happen if Terrahash gets board manufacturing rolling long before the DX cases are ready? In a preorder scheme, I think the only fair approach is to wait to release both DXes and standalone modules at the same time. (This is coming from someone who only intends to buy modules at this point, too...)
If difficulty was going up at this rate with only GPU miners, in the interest of their own profitability I think they'd all be asking for higher prices. ASIC miners are in their own golden age now, making money hand over fist, and are willing to take this price.
Meanwhile, volume is affected by the moderate drop in media attention post-crash, and the most "user-friendly" exchange becoming significantly less so, with a lack of comparable alternatives stepping up to fill the gap. The higher barrier to entry and lower volume reduces speculation that could jump the price up more regardless of miner profits.
Meanwhile, volume is affected by the moderate drop in media attention post-crash, and the most "user-friendly" exchange becoming significantly less so, with a lack of comparable alternatives stepping up to fill the gap. The higher barrier to entry and lower volume reduces speculation that could jump the price up more regardless of miner profits.
I understand credit cards add hurdles and processing fees for the merchant, so I'd gladly pay a 5% fee to make up for Terrahash's trouble. Honestly, given the wild west we live in, the ASIC ventures that decide to take credit cards are probably the ones I'll invest with.
Re: Bitsyncom, can you please hire some employees, answer emails, and tickets?
I would have bought a Batch 2 Avalon, if they had put a decent share of Batch 1s in consumers' hands before throwing open the next ordering process. BitSyncom's inconsistent and downright snippy forum presence wasn't exactly reassuring. When you do honest work in a den of thieves, you really need to show your hand.
I think we have the alts to thank for Bitcoin's relative price stability lately.
I certainly hope so. Bad for those coins but good for Bitcoin.First: Bitcoin was always crushing the altcoins. 
But I think despite the raft of pump-and-dump schemes, altcoins are a fertile ground for real experimentation in terms of algorithms, transaction secrecy, and economics (inflation, deflation...).
My hope is that some altcoin will actually reconcile P2P (and propagation delays) with the need for near-instant transactions. The current propagation model can be minimized but not fixed. Take block time down to the exact minimum time to propagate throughout the global network (Bitcoin's 10 minutes is too conservative, but is Mincoin's 1 minute too liberal?), and you're still talking minutes of delay; besides which, quick confirms means you need more confirms to achieve the same assurance.
An architectural delay of more than ~2 seconds ensures that large-scale retail adoption will depend on payment processors, who are willing to quickly front unconfirmed transactions in exchange for a fee. Congratulations, Visa keeps its middle man role and gets us to do some of its processing.
If power then (inevitably) becomes centralized in the most competitive payment processors, government can decide to go after those few juicy targets. Bam! Bitcoin's appeal to physical businesses collapses, except for the geeks who can afford to sit around for an hour to finish a transaction.
But I think despite the raft of pump-and-dump schemes, altcoins are a fertile ground for real experimentation in terms of algorithms, transaction secrecy, and economics (inflation, deflation...).My hope is that some altcoin will actually reconcile P2P (and propagation delays) with the need for near-instant transactions. The current propagation model can be minimized but not fixed. Take block time down to the exact minimum time to propagate throughout the global network (Bitcoin's 10 minutes is too conservative, but is Mincoin's 1 minute too liberal?), and you're still talking minutes of delay; besides which, quick confirms means you need more confirms to achieve the same assurance.
An architectural delay of more than ~2 seconds ensures that large-scale retail adoption will depend on payment processors, who are willing to quickly front unconfirmed transactions in exchange for a fee. Congratulations, Visa keeps its middle man role and gets us to do some of its processing.
If power then (inevitably) becomes centralized in the most competitive payment processors, government can decide to go after those few juicy targets. Bam! Bitcoin's appeal to physical businesses collapses, except for the geeks who can afford to sit around for an hour to finish a transaction.
Today's new week didn't start up, bug?
Seconded, just noticed this. My stats are flatlined for the past two days.Today's new week didn't start up, bug?
Seconded, just noticed this. My stats are flatlined for the past two days.Hello,
Despite stability are there other advantages to mining on linux? Reduced power consumption? Better hash?
Thanks!
Despite stability are there other advantages to mining on linux? Reduced power consumption? Better hash?
Thanks!
Not sucking, pretty much
I've run Xubuntu on my main rig the past year, and if I didn't see myself out of the GPU business in a few months, I'd actually chuck $100 at a Windows license.
SSH is nice though.
Word. Just bought a couple 7950s to replace my 5970s. For some reason 5970s are worth more on eBay than I paid for them last fall! 7950s, however, will depreciate far less when GPU mining dies down and the market is flooded with two-year-old 5970s.
@Terrahash:
- Could you please post a snippet of your Bitsyncom order stating:
- The two order numbers, the order status & order date
- Could you please sign a short message with the Bitcoin address you used to
pay the two Avalon ASIC batches and state the unique payment address you used.
And post the info in this thread (bitcoin address, message, signature)
- Some group sellers have done that in the past already, see:
https://bitcointalk.org/index.php?topic=192916.40 - post #57
- Could you please post some proof of your company registration (Terrahash Inc.) e.g.
an official registration no. and / or link to some official commercial register.
This would be what it takes for me to order at least one K64 unit.- Could you please post a snippet of your Bitsyncom order stating:
- The two order numbers, the order status & order date
- Could you please sign a short message with the Bitcoin address you used to
pay the two Avalon ASIC batches and state the unique payment address you used.
And post the info in this thread (bitcoin address, message, signature)
- Some group sellers have done that in the past already, see:
https://bitcointalk.org/index.php?topic=192916.40 - post #57
- Could you please post some proof of your company registration (Terrahash Inc.) e.g.
an official registration no. and / or link to some official commercial register.
You will need an external power source, a usb cable for connection to host and a proper cooling solution.
Do you mean heatsinking, or general ventilation/case fans?
CoinLab not related to the new exchange to take over gox USA operations?
They are one and the same.I suppose they may have their hands full presently...
Can you hint us if the idea was well received, or if it wasn't even listened to?
Yeah, bumping in hopes of an update.