Would you accept Bitcoin?

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Hehe. So it's safe to say you're a glass half full sort.

This thread is all kinds of fail.

As long as it remains bit coin. But if you start converting your BTC to traditional currency at high levels expect some interest from the tax man.

Guys it's not a "pyramid" "scheme"... It's a "triangular" "opportunity".

Credit to Simpsons. I'm here all week.

Since this is the bit coin forum I'd suggest making the BTC rates more accurate before you advertise further.

12.5BTC for something that is 1 USD? Thats a little beyond inaccurate don't you think?

Best of luck with your endeavor otherwise.

To the OP per the FAQ the mining option was removed due to the futility of CPU mining.

A I missing something? According to the charts Slush is almost as big as Deepbit.
Seems as long as their is direct competition it's not the end of the world.

What do people find the general time it takes for Betco.in to process withdrawals is?

Anyone have any insight as to why there is a payout delay? Just for security?

The sad reality of the Bitcoin economy is that there is a large volume of 'people' who only see BTC as easy money that they can trade their mommy and daddy's electricity for.

Sigh.

Can you be more specific about how you're moving values around?
Is this all within a PHP app talking to MySQL or are you interacting with bitcoind via JSON?

To the above - varchar probably isn't the best way to store BTC values. You're storing the value as a text string that represents the value rather than storing the value itself.

+1.

I just moved CAD in and BTC out via CAVirtex.
Total process from EMT sent to BTC out took less than an hour.

Very good service.

Hoping moving currency the other way is just as smooth.

This has been said many times around the forums but basically unless you're going to throw a few GHash at the problem (multiple boxes with multiple modern GPU's) solo mining is probably not going to be profitable.

UNLESS...

a) You don't care how long it takes you just want the 50BTC for pride reasons.
b) You are happy depending on luck, as really this is what you're going to be using...
c) Your power is included with your rent (or you live with your parents / in a college form, etc). Mining draws power and mining solo with low hash rate likely means you'll burn more power than you'll generate in BTC. At the very least any value in BTC you generated will be reduced by your input power costs.

https://en.bitcoin.it/wiki/PHP_developer_intro
Bitcoin amounts can range from 1 (0.00000001 BTC).

MySQL:

mysql> create table bitcoinTest (bitcoin double not null);
mysql> insert into bitcoin values (0.12345678);
mysql> select * from bitcoinTest;
+------------+
| bitcoin    |
+------------+
| 0.12345678 |
+------------+

So double works. On the other hand:

mysql> create table bitcoinTest (bitcoin float not null);
mysql> insert into bitcoinTest values (0.12345678);
mysql> select * from bitcoinTest;
+----------+
| bitcoin  |
+----------+
| 0.123457 |
+----------+

FLOAT lakes sufficient precision.

Currently trying out CAVirtex. I transferred them some CDN via an EMT and am just waiting for deposit confirmation to place a BTC order (acronymageddon).

Hoping it goes well. An easy way to electronically move BTC in and out of Canada would be most helpful.

I really don't think you should bother.

I have dozens and dozens of spare CPU cores available in server farms that I manage (and could utilize no questions asked) and doing the math just didn't add up for me. Even if I throw 64 cores at BTC in their spare time, you're still only really getting 2000khash per core for a total of 128,000khash across the entire 64 core cluster. That's about as much as a single RADEON 5770 worth of computation and you're now dealing with the constant dimeing of your server resources (potentially lowering their lifespan as the fans labour to keep up) plus the energy and cooling (and noise) overhead.

You'd see more return from just buying a cheap-o rig at Best Buy and sticking a couple of 5770 cards in it in SLI.

By all means if a spare server farm is your only cluster go nuts but there isn't much, tuning wise, you can do to make a Xeon keep up with even a trivial onboard GPU.

The answer seems pretty straightforward:

Supply and demand steps in and the value of the remaining BTC goes up accordingly.

As the BTC pool reduces the value of a single BTC goes up and you get more purchasing power for that single BTC. What was 1BTC yesterday is 0.99 tomorrow and 0.90 next year, etc.

You could potentially keep this going down to the point that a world supply of 100,000 BTC would place a value of 0.004761904762 BTC on something that previously cost 1 BTC, etc.

Of course, if we are down to 100,000BTC from 21M I suppose the community would devise a new currency standard - at which point your remaining BTC would buy that new currency at market rate.

Any chance you could accept Interac E-Mail Money Transfers in the future? You should be able to accept them instantly from any big 5 bank with minimal scrutiny from the bank itself. In my experience they really don't' care -why- you use EMT's as long as you pay the fees.