Sure, I can set it up just like a CASH terms, then issue an Invoice with my Bitcoin account number and wait for the payment to come settling the invoice, then ship the goods.

But since I wanted to do it quick and easy and fast, I've looked up OpenCart extensions for Bitcoin support, and had found only this one - opencart-bitcoin-payment-module-v03-beta.zip - which has this clearly in the README:

About
   BTC payment via mybitcoin.com module for opencart.

There is a thread about somebody pledging 100 BTC to write an extension for OpenCart, but seems that the only thing that resulted from this is this one (that uses mybitcoin.com). Although hacking is very cool, I need to think about cash flow also... so I'm trying to figure out simple ways to get this going with OpenCart.

Which one of those has best BTC support? I started looking into OpenCart setup, but got under the impression it has to be used in tandem with mybitcoin.com, which does not work for me as of now (July 3rd 2011).

I was trying to register today with mybitcoin.com, but although it accepts my desired login/password, I can't login with them later... I wonder if their code is broken, or their site is hacked (so it is phishing going on). I always using different passwords on different sites - thus it's not a big deal, but would like to know what is going on. Anybody who is using mybitcoin.com please comment on this - is anybody able to login or is this affecting only newly created logins?

The whole reason why I want to register at mybitcoin is that I'm under the impression that you MUST go this route in order to accept BTC payments for a web-store, but maybe I'm wrong, if somebody has experience using different means, would appreciate a note on that. I'm setting that up for OpenCart based store.

Thank you.
Vassili.

Hmm - I also got 260 MHash/sec under Fedora 14 and AMD openCL v2.1 - is this normal then?

Me too - under upgraded Fedora 14 with pocibm and AMD openCL v2.1 - about 260 MH/sec on HD 5850 Sapphire card.

Seems I'm also missing some important point, since I assume that even w/o overcloking it should run at about 320 MH/sec

What is your configuration - OS, kernel, versions of sofware and libraries used?

Wow! I did my first cut on setup under Fedora 14 and got only 250 MH, under pocibm, I understand I should move to phoenix.

What is the system/kernel/libraries/software/versions you're using?

But's are't reasonable miners constantly cashing out while they grow their mining farm?

But he is USEFUL - the less people will get into mining, the better for those that will.

Now, another thing to think about - different locations on Earth have different electricity costs. Mine is about 1/2 of the US right now.

Then think about solar and wind power. Yes, if we were not all enslaved by the Govts., then we could just sell the electricity in the open market, but with millions of regulations and high entry cost - it's not as easy as Bitcoin mining way to convert electricity into some personal power (a.k.a. money).

Third point - it's just FUN. People are playing on the stock market in a WAY more hostile environment, geared to cheat and rid small players of their money. Bitcoin scene is very refreshing after THAT. And, yes, investing $15,000 you don't have is probably not a good idea, but investing $1000 certainly is (just think about all these loosing tens of thousands of USD on futures and Forex).

According to the very insightful movie posted above US HAD already fallen - as long ago as 1913 (FRS/IRS creation)

The problem is to bring the original principles US was founded on back. By now, the WHOLE WORLD is ready to REVOLT against the RULE OF BANKSTERS (call them Rotshilds if you wish). It's very sad to see the US being perceived as the Banksters, but it is so - US is totally occupied by them.

I'm into Bitcoin for this reason, as well as because it's a great technology and social phenomena. Are people of the US ready to do their share in establishing of the Fare New World Order? Forget about capitalizm/communism - I want to have MY MONEY BACK. Money is a social phenomana. They belong to the people, not to the Govt, not to any social class (if we use Marxist discourse), not to any nation, not to any corporation.

I don't like Banksterism, I don't like Socializm or Communism. I just want the normal free market back. With taxes on monetary gains ONLY. In other words, nobody should be able to hoard MONEY. If you can spend what you've earned - no taxes. So - majority of people will not pay any taxes. But those - like these Banks now, that have TRILLIONS in reserves, shall pay, and Govt. SHALL put these money back into the economy. Seems simple.

Maybe with Bitcoin and no ability to issue more money when somebody is hoarding them we can demonstrate that it's simple to run the economy and w/o Banksters and corrupt Govt. the Free Market will do what it does - grouth, prosperity and happiness to the people.

As far as the Idea goes - I have similar thoughts.  I'm EE/software engineer, did Altera development on both hardware and VHDL side and Bitcoin design would be for FUN and PROFIT as well. If I can build a business case out of this, I will develop a special computer for Bitcoin mining. These can be much more efficient in terms of energy and have other advantages (security).

I'm looking for partners/investors, if I find those I can switch to this full time, ( my current software development job& - low level C, video processing/H264 - is similar in spirit to SHA256 calculations),  focus on high-performance Bitcoin systems, that will also have potential use for similar types of number crunching applications. If not - will see if GPU mining brings money as expected and then switch to FPGA development.

Evidence on this BB is that it is way more energy efficient. Development cost is rather high, but if you manufacture your own boards, the cost may be much better. If things go really big - custom FPGA to  ASICS conversion route will reduce per-system cost an order of magnitude, as well as power consumption.

How funny, I got EXACLY the same situation, but I was able to find 5850 at about $140, so I've bought 1 pcs and ordered 3 more. I just explained to my wife, that we can make fortunes, and the very worst case, we'll end up with decent gaming cards on our hands that we can eventually sell, keeping in mind USD weakness it's not a bad idea to turn some cash into something more solid.

Bingo. Now building 1st system and when it gets running I will get 3 more

Another calculation goes like that - say calculate your electricity costs to produce one block (there is calculator on the internet that allows to estimate Bitcoin mining profitability), then calculate how low BTC has to be to make mining lose money. For me it's like $2/BTC. Well, since it's at $15 now it's not very likely that it will go lower then $2, therefore we'll either be making tons of money, or just break even in 6 months. And will get 4 very decent video cards on top of that.

AAAmazing! So clear, easy to understand and historically and factually correct.

In view of current issues with nuclear energy, a very appropriate analogy.

MONEY is like NUCLEAR ENERGY. Very powerful invention, that requires a LOT OF CARE even when used by good people, and CAPABLE OF ENORMOUS DAMAGE when used by evil ones.

After watching it  I feel that America HAS future, in spite of all damage done by banksters.

Say average power cost is about $0.1 USD / KWh

Say we're using 5850 on a MB, for a total power req. of  500 W.

Calculator at http://bitcoinx.com/profit/index.php says that we'll need an average of 120 days to get a block of 50 BTC.

120*24*0.5*0.1/50 == 2.88 USD / BTC

This is the absolute minimum - cost of "goods", since there is also equipment cost/amortization, building rental costs, support tech. salaries, profit of whoever bothers to mine.

Now, compare that to completely insane valuations that stock market has, like 100 times P/E ratios.

Ergo => current price of 15 USD is only 5 times the very minimal Intrinsic value. And if  KWh costs 0.2 USD, then only 2.5 times, NOT taking other costs into account, and not reflecting the UTILITY of the electronic currency.

Draw your own conclusions.

I'm running a small webstore and I will be adding BTC as a payment option since it is a) secure b) has huge Wow! factor. And I can easily adjust prices in real time, or maybe on a certain timeframe average. Need to model to find out which will be a better approach overall.

ergo - big players will not use it for a while, but that's OK with ME

Yes, time to start selling various T-shirts and mugs with "BTC - currency of the RevoluSion" for BTC of course And, what about the "B" symbol in Unicode?

Yes, freedom had been in shorty supply - first average taxes around 70% when you factor everything in - how the fuck are you supposed to make a profitable business with that? Seems that running business implies having access to free credit and connections to warrant writing these debts off eventually. Is this called free market??? It's mathematically impossible to have a stable economy with 70% taxation rate...

Then "intellectual property" - means you have to pay for thoughts, ideas etc.

Then "war on drugs", which is governed more by some monetary interests - I mean, cannabis costs pennies, compared to alcahol and tobacco, and does much less damage to health - guess what is legal and what's not...

Then it is "war on terror", meaning that anybody that goes against the World Govt. can be labelled as such and treated accordingly....


Are we in the 21st century or some Dark Ages in fact? Will our grandchildren see FREEDOM?

p.s. Or, I did not mention "sex crimes"... don't even get me started on this...

But good hackers/engineers will have an advantage. That is REALLY what I like about Bitcoin - not financial crooks, that can do nothing, but down to earth practitioners will benefit. What a relief for a change, after all the "outsourcing" done by greedy assholes not willing to consider implications of their unlimited greed (defined as a desire to improve your position 10 times at the cost of making position of 1000 people 10 times worse). That is generally road to nowhere, whereas Bitcoin is a road to sanity.

A group of people or better yet Govt. with power to protect itself that will adopt Bitcoin will RULE THE WORLD.

It's up to the US Govt. to decide if they want to bullshit about "Full Spectrum Domination", or really do something.  Yes, crooks running Federal Reserve should be prosecuted for what they've done. It's also up to the US people to DO SOMETHING NOW.

Hardware has value in itself, especially gaming videocards bought at bargain prices ...

Wow! Yes, sure, please tell me where they can be ordered for $50, preferably online?

Are you sure about $0.074  - http://www.bigpowernews.ru/news/document26748.phtml - looks like 2.66 R/KW for electric ovens, no TOU (which I have).

Oh, I see, that is the average, so, assuming flat load (i.e. you constantly consume 5KW for Bitcoining 24/7, it will be - (0.67*8 + 2.66*7 + 2.24*9)/24/28.2 == 0.065 USD/KWh average...
I should get TOU immediately...