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Showing 20 of 28 results by lordgrows
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Topic
Board Exchanges
Re: bitfloor issues?
by
lordgrows
on 14/07/2013, 00:29:47 UTC
What's the go with people with over $3000, but who reside overseas. How am I supposed to sign up for that account without a US taxation number.

After 9/11 it is illegal to open a bank account for a non-US national.
- http://www.ehow.com/list_6812342_patriot-requirements-opening-bank-account.html

It is not.
Banks just have to collect more info such as Passport and national ID numbers instead.
After 9/11 I opened a US bank account without a tax ID #.
And after I got a non-resident non-citizen taxpayer ID # (ITIN) banks didn't even bother to ask for duplicate documentation. You don't need a SSN at all.
http://www.irs.gov/Individuals/Individual-Taxpayer-Identification-Number-(ITIN)
(note it can take some months to get your hands on such a number after application is sent)

But note you will need to travel to the US to do it personally, usually banks will not open an account remotely if you do not have an ITIN or SSN.
Post
Topic
Board Service Discussion
Re: CoinLab suing MtGox for $75 milliion?
by
lordgrows
on 04/05/2013, 14:52:12 UTC
What are the chances of the money and bitcoins being frozen until this is settled?
   

Zero unless Coinlabs sue them in Japan. But then only Fiat assets frozen.
Post
Topic
Board Service Discussion
Re: CoinLab suing MtGox for $75 milliion?
by
lordgrows
on 04/05/2013, 14:51:18 UTC
They wouldn't show up with a court order from Japan.  They'd show up in court here with the foreign judgment, and depending on the jurisdiction, have the foreign judgment domesticated and enforced, obtaining an enforcement order from the local court.  Then they would serve the bank with an order from the local court incorporating the judgment of the foreign court.

*I* understand how these things work.

I was replying to an assertion that it's easy to sue a company in a foreign jurisdiction with servers/financial assets in further foreign jurisdictions and how you could quickly and easily start an action against them, get an order, and get that order enforced in a "couple of hours".

Anyways as a party to the action now I think it's highly unlikely they'd get an order in the american court without mtgox knowing about it and then getting that order to japan/wherever, filing to enforce it and showing up at the bank/ISP/etc. and having the assets seized/frozen/etc all without mtgox seeing this coming. So mtgox would still have much more notice than "sorry your accounts have been frozen".  (If they wanted they could play cat-and-mouse and move the assets once the order has been issued but before it has been enforced - the judge would be really pissed but in that case they're obviously thumbing their nose at the jurisdiction anyways.

Quote
Japan is, of course, party to the treaties which allow this, and United States law has, itself, recognized the judgments of foreign courts both in common law and under statutory law passed pursuant to the mostly Twentieth Century treaties.

Well first, depending on the government, being a party to the treaty can be meaningless. I can't speak for Japan but in some countries the government can do what it wants internationally but those treaties will not become actual domestic law until they are properly ratified in the country.

That aside, even if Japan has agreed in certain areas to have the same law as the USA that definitely does not mean an order from an American court will be enforced in Japan. Even if the Japanese court is satisfied that the American court made the correct decision in law it still might decide that America was not the correct forum or that according to their laws the proper jurisdiction was Japan. In that case you'd have wasted tens of thousands and months/years of your time to get a court order that is worthless.

I have never said that it is impossible - only that big lawsuits like this move at a glacial pace when they are dealing with domestic parties and assets - the fact that the company that is being sued here and its assets are in many foreign jurisdictions will only slow this process down further.

So like I originally said, this might not be a huge pressing concern for mtgox as it isn't likely something drastic would happen overnight.


Ditto. That was what I thought before but preferred to e xpress in more simple ways.
Post
Topic
Board Service Discussion
Re: CoinLab suing MtGox for $75 milliion?
by
lordgrows
on 03/05/2013, 04:16:56 UTC
In the real world, although the jurisdiction is set to Washington state, there is still an international process to be followed as Gox does not have physical or legal presence in the US. To be served the court papers, it must be done through a court-to-court petition (rogatory letter, that cannot be sent by post office) the US court must request the Japanese court with jurisdiction over Gox to serve them the papers officially. Not only the japanese court can refuse ou delay it as much as possible (I've seen such cases take from 6 months to years just on this int'l paperwork come-and-go, it is usually a very very slow proccess even when the Hague Convention is applicable.

http://en.wikipedia.org/wiki/Letter_rogatory

Nothing is going to happen in the weekend. Or for a good number of weekends to come.
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: Colocating your rigs
by
lordgrows
on 26/04/2013, 14:51:29 UTC
As said, it supports 270W per U max. And this is a high density facility.
No datacenter will allw more than 10 or 13kW per rack, and the usual is 2kW usable...
Post
Topic
Board Trading Discussion
Re: Has anyone been verified on BitFloor on 4/22, 4/23, or 4/24?
by
lordgrows
on 25/04/2013, 00:02:12 UTC
Me too...

UNINFORMATIVE POST! Can that post be any more stupid?

Did you get verified? Or did you not get verified? I DON'T KNOW???!!!

I have no fault in you being dyslexic or incapable of interpreting texts (which ism by the way, elements of stupidity itself, so look yourself in the mirror before issuing judgement on others).
But to explain and appease Mr. Know-it-all: "Me too" refers to the last line written by the OP, meaning I am in his exact same situation.
Post
Topic
Board Trading Discussion
Re: Has anyone been verified on BitFloor on 4/22, 4/23, or 4/24?
by
lordgrows
on 24/04/2013, 21:59:26 UTC
Me too...
Post
Topic
Board Beginners & Help
Re: Official Newbie BitInstant Support Thread (Active Customer Support)
by
lordgrows
on 23/04/2013, 15:29:27 UTC
I also have just submitted a new case to your helpdesk/contact form, quote ID is 0cdf3248-e128-4abb-998f-7a85e86bb19b
Post
Topic
Board Beginners & Help
Re: What is the best way to cash out from BTCE or Gox to a US Bank Account?
by
lordgrows
on 22/04/2013, 17:00:01 UTC
Coinbase does withdraw to US bank accounts via ACH.
Post
Topic
Board Beginners & Help
Re: Official Newbie BitInstant Support Thread (Active Customer Support)
by
lordgrows
on 21/04/2013, 04:05:03 UTC
Reposting my question as I did not get an answer:

URsay, please let me clarify a question I have.

Site says 500 for any deposit or 1000 for bank cash deposit, and 2000 per day.

That is:
Coupons/Non-fiat: US$ 500
Cash deposit: US$ 1000 per deposit
Daily limit: US$ 2000 (so two cash deposits total)

Brazil "Boleto" method fits in the $1000 or the $500 limit?

On my last operations ZipZap only allowed me $350 on a single transaction although the limits should be higher as per your site.



Post
Topic
Board Beginners & Help
Re: Mt.Gox Verification Speculation
by
lordgrows
on 20/04/2013, 04:49:20 UTC
Just got verified.
Post
Topic
Board Beginners & Help
Re: Mt.Gox Verification Speculation
by
lordgrows
on 19/04/2013, 22:07:26 UTC
They are processing around 2000 verifications per business day, give or take a few hundred.

I'm about to be verified tomorrow or monday. Around 850th on the queue.
Post
Topic
Board Beginners & Help
Re: Official Newbie BitInstant Support Thread (Active Customer Support)
by
lordgrows
on 19/04/2013, 22:02:26 UTC
URsay, please let me clarify a question I have.

Site says 500 for any deposit or 1000 for bank cash deposit, and 2000 per day.

That is:
Coupons/Non-fiat: US$ 500
Cash deposit: US$ 1000 per deposit
Daily limit: US$ 2000 (so two cash deposits total)

Brazil "Boleto" method fits in the $1000 or the $500 limit?

On my last operations ZipZap only allowed me $350 on a single transaction although the limits should be higher as per your site.


Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: Colocating your rigs
by
lordgrows
on 19/04/2013, 15:05:23 UTC
Have fun cooling 1KW of heat in a 2U server. Ah yes that's right, you can't.
Whole idea sucks in terms of actually being able to do what you said, and the fact it would cost about $1.5k a year per computer.

Cheaper than at home as proved.
But it is possible. If you are using 1kW then you will need at least 4U space using it or not (this datacenter maximum cooling capacity is 225W/U or 11.25kW/cabinet). It's not a home setup with a fan over the case. Plus if Supermicro makes these 2U cases with GPU support then they come with enough fans to do so properly.
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: Colocating your rigs
by
lordgrows
on 18/04/2013, 20:51:49 UTC
It's really an interesting idea to keep mining rig cool during the summer

But here is some of my concern, I might be wrong in doing my calculation coz I've never dealt with datacenter space rent.

From data you provide,

1U rackspace comes with 90W of power costs $20/Month, I only consider in terms of power supply (not space in the rack) ATM,
in order to power a 4-video cards ming rig, it requires 7-9 blocks of 90W depends on cards, so that is $20 for the first 90w block plus another 6-8 90W blocks @ $15/each, that's about $90-$120

So only power supply will cost around $100/month/rig

I've read through a little on the forums here and saw one GPU can use around 200-250W of power.

The all-inclusive (conditioned power with UPS, BW, rackspace) cost in the model I proposed is around $0.30/kWh ($0.30 * 0.09kW * 744h on a month = $20.09).
Comparison: Domestic/Residential power in the US is around $0.10-0.17/kWh (source: http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_06_b), but don't forget air conditioning expenses (without being optimized as in a datacenter you are looking at least at a PUE of 2, so $0.20-0.34/kWh) and bandwidth (mining uses almost nothing but still you have a minimum monthly internet bill to pay at home). Not even counting the initial investment on a UPS and on an airconditioning unit.

Quote
Now, get back to space in the rack, a full size video card is about 5 inch and a typical 2U is about 3.5 inch, I don't know if there is enough space inside to accommodate a typical 4-video cards mining rig.

For ppl who are using FPGA might be a good idea?

Usually on rackmount servers a video card will be sideways 90 degrees from the motherboard (facing the floor/top) connected to the motherboard by a riser card. On a 1U you can fit up to 2 PCI slots on a single case depending on the case.
On a 2U you usually can fit 4 or 5x half-height, full length cards.
Supermicro also has servers that go up to 4x GPU PCI-e slots distributed over the chassis in 1U or 2U config.
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Re: Whould this be ok for a mining rig? 10 7950's
by
lordgrows
on 18/04/2013, 16:55:00 UTC
Post
Topic
Board CPU/GPU Bitcoin mining hardware
Topic OP
Colocating your rigs
by
lordgrows
on 18/04/2013, 16:05:38 UTC
I've got some good space in a datacenter, on a secured suite with AC, rackspace, power and bandwidth for you miners. Cheaper than running it from home.
But I'll need a case to present to the boss and need a minimum number of people to make it worth.

Location: Chandler, Arizona
Minimum order: it's a block unit of 1U rackspace (19"wide by 1.75" tall by 24-32" deep), and 90W of power. 1Mbps bandwidth included.
Cost: US$ 20/month

Power per U can go up to 270W at a cost of $15/90W block.

If your equipment is not rackmount (like custom mining rigs or ztex boards) we can provide 1U and 2U shelves for $60 each (one time fee) to accomodate them.

Setup fee of $100 but that will be able to be negotiated down or to zero.

I need a minimum 800 units sold (or 72kW, whichever comes first) to have the case and authorization from management.
 
BTC will obviously be accepted.

Interested people, please PM me. I'll be making a waitlist and will not require any personal identification or commitment or payment at this point until we reach the minimum goal.
Post
Topic
Board Beginners & Help
Re: CampBX - location /yellow flags
by
lordgrows
on 18/04/2013, 10:14:29 UTC
Their office is in Alpharetta, Georgia. But GA secretary of state shows no record of BulBul investments LLC or CampBX.   

https://cgov.sos.state.ga.us/Account.aspx/ViewEntityData?entityId=3929272
Post
Topic
Board Português (Portuguese)
Re: Acesso ao MtGox a partir do Brasil
by
lordgrows
on 18/04/2013, 08:52:45 UTC
Cartao de credito, ta doido? isso nao tem seguranca nenhuma e eh facilmente reversivel. risco muito alto!
Post
Topic
Board Português (Portuguese)
Re: pagamento no BitInstant por boleto?
by
lordgrows
on 18/04/2013, 02:55:48 UTC
Eu fiz duas transações bem-sucedidas. O negócio que travou é que apesar da confirmação do ZipZap ela não foi repassada pro BitInstant.
Por isso eles pedem o account # (9 dígitos) que vem no PRIMEIRO email do zipzap). Mas aí o povo confunde e manda o número de confirmação/recibo (6 dígitos) que vem no último email do zipzap. Este último número não serve pra nada...