Shop Computers & Electronics TigerDirect.com

Which retailers (Overstock?, Newegg?, TigerDirect?) are going to offer discounts for bitcoin use on top of their Black Friday deals?

I imagine that Black Friday is a popular day for credit card fraud, with theives trying just as hard as consumers to capitalize on holiday deals. I'm hoping these retailers and others will offer their customers incentives for using a non-reversible payment method, which eliminates these businesses' risk of fraud.
This might also have the added benefit of getting the most savvy bargain hunters interested in bitcoin to capitalize on the extra discount.
I know it's probably too early for any of these retailers to have announced their plans for a sale at the end of November, but I'm looking for a little light at the end of the tunnel during this price decline. Any thoughts on the matter are welcome.
submitted by bobbyb500 to Bitcoin [link] [comments]

TigerDirect Offers $20 Discount for Bitcoin Shoppers

TigerDirect Offers $20 Discount for Bitcoin Shoppers submitted by BTCNews to BTCNews [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Additional Bitcoin statistics can be found here. Developer resources can be found here and here. Peer-reviewed research papers can be found here and here. And of course, the whitepaper that started it all :)

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, more can be found here.
Here is a listing of local ATMs. Also, Lawnmower is also a handy way to make small recurring purchases of bitcoin. If you would like your paycheck auotmatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Here are a couple useful sites (bitkoin.io, preev.com) that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "be your own bank" and personally secure your bitcoins OR you can use third party companies aka "bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Comprehensive lists can be found at the Trade FAQ or The Bitcoin Directory, some more commons ones are below.
Store Product
Steam, Disco Melee, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch and BazaarBay Retail shopping with millions of results
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
NewEgg, TigerDirect and Dell For all your electronic needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LRoS, Wagepoint, Hyphen.to Bill payment
Foodler and Takeaway Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege and 9flats For when you need to get away
BoltVM VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker to allow users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Tipping

Use ChangeTip.com (/changetip) for tipping people on Facebook, Reddit, Twitter, YouTube, Tumblr, Google+, GitHub, Slack and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor). Read more about ChangeTip at their reddit wiki.

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] /r/Bitcoin FAQ - Newcomers please read

The following post by BinaryResult is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
reddit: /Bitcoin/comments/6jlop4
The original post's content was as follows:

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
  • Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary.
  • Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
  • Accountable - The public ledger is transparent, all transactions are seen by everyone.
  • Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works.
  • Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
  • Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
  • Low fee - Transactions fees can vary between a few cents and a few dollars depending on network demand and how much priority you wish to assign to the transaction. Most wallets calculate the fee automatically but you can view current fees here.
  • Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
  • Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
  • Pseudonymous - No need to expose personal information when purchasing with cash or transacting.
  • Secure - Encrypted cryptographically and can’t be brute forced or confiscated with proper key management such as hardware wallets.
  • Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
  • Nearly instant - From a few seconds to a few minutes depending on need for confirmations. After a few confirmations transactions are irreversible.
  • Peer-to-peer - No intermediaries with a cut, no need for trusted third parties.
  • Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply remembering a string of words for wallet recovery.
  • Scalable - Each bitcoin is divisible down to 8 decimals allowing it to grow in value while still accommodating micro-transactions.
  • Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiat
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
  • If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, there are many software wallet options here. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor or Ledger is recommended. A more advanced option is to secure them yourself using paper wallets generated offline. Some popular mobile and desktop options are listed below and most are cross platform.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
  • If you prefer to let third party "Bitcoin banks" manage your coins, try Coinbase or Xapo but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
  • 1-3% savings over credit cards or PayPal.
  • No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
  • Accept business from a global customer base.
  • Increased privacy.
  • Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin ?BTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (?L) or micrometre (?m)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
  • 0.02 BTC
  • 20 mBTC
  • 20,000 bits
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV . Peer-reviewed, research papers can be found here and here. Developer resources can be found here. Lots of Bitcoin statistics can be found here.

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank account. A good list of exchanges sorted by region can be found on the exchanges wiki here.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Here are a couple useful sites [bitkoin.io, preev.com] that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "be your own bank" and personally secure your bitcoins OR you can use established companies which have secured wallets where they hold the bitcoins for you and provide insurance.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below.
Google Authenticator Authy
Android Android
iOS iOS

Tipping

Use ChangeTip.com (/changetip) for tipping people on Facebook, Reddit, Twitter, YouTube, Tumblr, Google+, GitHub, Slack and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor). Read more about ChangeTip at their reddit wiki.
Go to /FreeBits to get a few bits to practice with and then tip them forward. Go to /BitTippers to play games and solve riddles to earn your bits. Don't forget your flair!

Where can I spend bitcoins?

Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock and Rakuten Everything under the sun
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky and 9flats For when you need to get away
BoltVM VPS service
Namecheap For new domain name registration
Cryptostorm, Mullvad, and PIA VPN services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle, Disco Melee, GreenmanGaming, and Coinplay.io For when you need to get your game on
Reddit Gold Premium membership which can be gifted to others
Shipnik Discounted USPS Priority & Express mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.
Additional resources can also be found at TheBitcoinPage.com

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker to allow users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Fundraising

You can use Lighthouse to crowdsource fundraising initiatives with bitcoin. It's similar to Kickstarter, but without intermediaries or exorbitant fees. You can participate in project discussions at /LighthouseProjects, and watch the progress of fundraisers at lightlist.io.

Bitcoin Projects

Here is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
If you want to use 'bits' exclusively, just remember that there are 100 satoshis in 1 bit, and 1 million bits in one bitcoin. For more information check out the Bitcoin units wiki.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out, or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

[Build Complete] A PC Upgrade paid in Bitcoins for me and a reuse of parts for my Son

Original Post
Pics
System 1 - My PC: PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i5-4670K 3.4GHz Quad-Core Processor $209.99/ +$11.24 [email protected] TigerDirect
CPU Cooler Noctua NH-U9B SE2 37.9 CFM CPU Cooler Already Owned
Motherboard Asus Z87-Pro ATX LGA1150 Motherboard $184.99+$12 S&H/ @ TigerDirect
Memory Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory $79.99 / ## BTC
Storage Samsung 840 EVO 250GB 2.5" Solid State Disk Already Owned
Storage Seagate Barracuda 3TB 3.5" 7200RPM Internal Hard Drive Already Owned
Video Card Sapphire Radeon R9 290X 4GB Video Card Already Owned
Case NZXT H440 (Red/Black) ATX Mid Tower Case 4000 THB @ Local Thai Vendor
Power Supply Corsair Enthusiast 750W 80+ Bronze Certified ATX Power Supply $119.99 @ Amazon
Operating System Microsoft Windows 7 Ultimate SP1 (OEM) (64-bit) 0.03959 BTC
Monitor Asus VS247H-P 23.6" Monitor Already Owned
Monitor Asus VS247H-P 23.6" Monitor Already Owned
Keyboard Tesoro Durandal G1N Wired Standard Keyboard Already owned
Mouse Cyborg R.A.T. 7 Wired Optical Mouse Already Owned
Total
Prices include shipping, taxes, and discounts when available. $618.20+4000 THB ~=$750
Generated by PCPartPicker 2014-04-15 06:36 EDT-0400
System 2 - My Son's PC: PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i5-2500K 3.3GHz Quad-Core Processor Already Owned
CPU Cooler Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler Already Owned
Motherboard ASRock Z68 extreme 3 gen 3 LGA1150 Motherboard Already owned
Memory Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory Already owned
Storage OCZ Agility 3 90GB 2.5" Solid State Disk Already Owned
Storage Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $59.99 / @ Amazon
Video Card Sapphire Radeon HD 7850 2GB Video Card (2-Way CrossFire) Already Owned
Video Card Sapphire Radeon HD 7850 2GB Video Card (2-Way CrossFire) Already Owned
Case Rosewill BLACKHAWK-ATX Mid Tower Case Already owned
Power Supply Corsair Enthusiast 650W 80+ Bronze Certified Semi-Modular ATX Power Supply Already owned
Optical Drive Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer Already Owned
Operating System Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) Already Owned
Total
Prices include shipping, taxes, and discounts when available. $59.99
Generated by PCPartPicker 2014-04-15 07:16 EDT-0400
Why I upgraded:
I wanted to teach my son how to build a computer, he's 12. My old case was damaged during a move and I wanted a new one. The old case also had a side exhaust fan which was unbearable even at A/C room temperatures. I continually upgraded my PC. I bought a 2nd monitor and 7850 last February, a new SSD and CPU fan in October and the R9 290X in NovembeDecember. So I was already half way to having a new PC. I still need to figure out howto get Steam family sharing to work properly, but he will be happy with my game catalog.
Lesson learned:
-Be careful on picking out your PSU, I pulled the trigger too early and now want to return my PSU for a RM750. Semi modularity is a must have! For the same price I could have gotten a 750 80+ gold and modular.
-Take some consideration on overall look and feel. For maybe $10 more I could have gotten Black or Red Ram to go better with the overall design. I probably won't do that because where I have the the case, I don't really look inside, but would have made me happier.
-Plan for the removal of CPU coolant before you start taking things apart.
-The I/O thing is a bitch.
-Have a plan for migration of data and operating systems. Have Hiren's BootCD on bootable flash drive. Have a flash drive big enough for a Windows Boot and have a backup, in my case have a DVD-R to burn a windows boot disc to. It also would have been easier and in my opinion worth it to have a USB DVD Drive.
Shit I might need help on:
-I can't overclock my CPU above 4.0 GHZ without hitting hardcore Blue Screens of Death.
-Should I attempt to watercool my GPU? If so with what?
-Any 1440p screens that would go with my desk for a reasonable price?
Bitcoin:
Used Gyft.com for an amazon gift card. Placed my order and found out that the motherboard and CPU wouldn't ship to me. Used a VPN for tigerdirect and was able to order the same combo for about 5 dollars cheaper with shipping paid bitcoins directly to the vendor. The case was also on extreme backlog and while I was out with a friend, we found the case in person, so I bought it and cancelled the order with Amazon.
submitted by veul to buildapc [link] [comments]

Retailers should give a discount for paying with Bitcoin!

Pros and cons of pay with credit card at a major retailer, like tigerdirect or overstock:
Pros: 1% cashback, buyer protection (ability to charge back), extended warranty for many cards.
Cons: Slight risk of fraud/identity theft.
Bitcoin Pros: no risk of ever being charged more than I send, potentially better privacy.
Cons: Return refunds issued as gift card, I pay the transaction fee, have to deal with merchant for all claims, no discount.
While I love the idea of bitcoin, I will not use it unless I get a discount. 2% would probably be enough for most purchases, but there has to be SOME incentive for me to use it. For example, I'd love to use bitcoin to buy gas if I could pay the cash price. Agree? Disagree?
submitted by hpa to Bitcoin [link] [comments]

Start a bitcoin virtuous cycle - get companies to pledge to spend X% of their bitcoin income on other bitcoin businesses

etc, instead of immediately converting all their bitcoin to cash (what Bitpay & Coinbase offer), they could spend their bitcoin by:
Businesses can start out small, like 10% or something. As the bitcoin economy grows it will get easier for companies to use bitcoin to cover costs they would incur anyway. Businesses that take the pledge would get our love (and bitcoin).
We would love to plug businesses contributing to this virtuous cycle on our discounts site - etc by sorting their deals to the top.
Ideas for something snappy to call it? What would help make this work or keep it from working??
submitted by thegoodbit to Bitcoin [link] [comments]

Give me reasons

Say im a regular person(not a miner, not envolved in bitcoin).
Considering the most usual way of getting bitcoins is through some exchange and considering bitstamp fees: Why would I spend 0.1%(USD 15 min) deposit fee + upto 0.5% transaction fee to pay for a coffee with bitcoins? Using fiat is cheaper, faster and easier.
Same for buying something at, say, overstock or tigerdirect . If not wih decent discounts when paying with bitcoin, I don't see what would convince a regular customer going all over this process.
submitted by Filipehdbr to Bitcoin [link] [comments]

Decided on an $1100 PC vs a PS4. Would you mind critiquing my build?

Hey guys,
I have an updated PC build, that I'll be using for web development, graphic design, and gaming. I've never built or owned a desktop PC before (Other than my awesome Dell XPS 600 years ago)
I run a small marketing agency for a living (WordPress and Photoshop take up most of my day). In addition to that, I'm also looking for something I can game on, without breaking the bank.
Here are a few games I want to play:
I want a build that'll get through most of the games on that list on (for the most part) high/ultra settings, and deal with the new games that come out for the next few years.
Based off of what I'm looking for, are these parts overkill? I don't plan to be maxing out Crysis 3, but want something that can play my games well, and maybe mine some bitcoin.totally optional.
Thanks so much!
* PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i5-4670K 3.4GHz Quad-Core Processor $249.00 @ Canada Computers
Motherboard Asus Z87-K ATX LGA1150 Motherboard $122.99 @ Canada Computers
Memory Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory $101.99 @ Canada Computers
Storage Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $69.99 @ Canada Computers
Video Card Gigabyte GeForce GTX 770 2GB Video Card $389.00 @ Canada Computers
Case Zalman Z11 Plus ATX Mid Tower Case $134.29 @ TigerDirect Canada
Power Supply EVGA 600B 600W 80+ Bronze Certified ATX Power Supply $64.99 @ Canada Computers
Total
Prices include shipping, taxes, and discounts when available. $1132.25
Generated by PCPartPicker 2014-03-23 22:18 EDT-0400
Additionally, I had three questions.
  1. Would a GTX 760, 770, or 780 be recommended?
  2. Do you think the power supply will be enough for this build?
  3. Would I need an additional HSU for this build? The case supports 7 fans.
submitted by acamu5 to pcmasterrace [link] [comments]

How to bring to new money into Bitcoin? Merchants: pass on your savings from bitcoin to the customer.

And I mean permanently, not just a 10% off promo with an expiration date.
There is a lack of incentive for humans to convert fiat into bitcoin for commerce. The average human obtains bitcoin through Coinbase (1% fee +margin), or localbitcoins (+margin), or Mylecium (+margin), or any other method with fees and margins. It costs money to convert to bitcoin.
There is also no incentive to spend the bitcoin with merchants who accept it. If I buy an item with bitcoin on Overstock, or Newegg, or Tigerdirect, or Expedia, or Dell, the total cost to me is the cost of the item + fees and margin for the original fiat-to-bitcoin conversion. On the other hand, if I buy an item using a credit card, I get 1-5% in credit card rewards. Sometimes even more.
All the hodlers, speculators, and gamblers are already in bitcoin and the market has been stagnant. We need to incentivize new users to come in and current users to spend and convert more. To do that we need holding bitcoin to be beneficial on a daily basis, not just from investment speculation. Let the end consumer realize all the benefits and savings from spending bitcoin over fiat.
Merchants: please pass your savings onto the consumer. Fully discount the overhead amount from bitcoin payments that you would otherwise eat if they were credit card payments. It will not affect your margins, as it would be the same if the customer paid with a credit card. Instead of pocketing the savings, give it to the consumer.
Higher merchant acceptance rates by itself do not bring money into bitcoin. But when combined with savings passed to the consumer, money will then come in. Non-bitcoiners will want in when they can benefit from the 3-6% (or whatever credit card transaction fees are) at any time, and from many merchants. And it will likely snowball by bringing in more new merchants, who will bring in more new consumers converting to bitcoin in order to spend it.
Let's stop waiting around for ETF's which may or may not come, which may bring in investment money but won't do a thing to help everyday commerce. Put aside the investment angle for moment and let's start ramping up the commercial transaction usage of bitcoin instead. Make it worthwhile for people to use bitcoin and people will start converting. And when people start converting, everybody wins. Let's do it now.
TLDR: Merchants should pass savings onto the consumer to fuel new bitcoin adoption.
submitted by askdogey to Bitcoin [link] [comments]

[Discussion] Mining is it even worth it?

I often hear about people weary of purchasing used AMD cards because of the fear that they were left mining on end for months at a time. Are those people mining actually able to make a return before running their rig into the ground (or before they begin to cry over their electric bill). For arguments sake, let's say someone picks up 4 R9 290Xs
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
Video Card XFX Radeon R9 290X 4GB Double Dissipation Video Card (4-Way CrossFire) $479.99 @ TigerDirect
Video Card XFX Radeon R9 290X 4GB Double Dissipation Video Card (4-Way CrossFire) $479.99 @ TigerDirect
Video Card XFX Radeon R9 290X 4GB Double Dissipation Video Card (4-Way CrossFire) $479.99 @ TigerDirect
Video Card XFX Radeon R9 290X 4GB Double Dissipation Video Card (4-Way CrossFire) $479.99 @ TigerDirect
Total
Prices include shipping, taxes, and discounts when available. $1919.96
Generated by PCPartPicker 2014-05-30 14:50 EDT-0400
Theoretically how long would they need to leave those cards running before they even saw a return of their initial investment of $1919.96 assuming they were mining BitCoin or Dogecoin
submitted by tylerseitz to buildapc [link] [comments]

Would you mind critiquing my $1100 Gaming PC build?

Hey guys,
I have an updated PC build, that I'll be using for web development, graphic design, and gaming. I've never built or owned a desktop PC before (Other than my awesome Dell XPS 600 years ago)
I run a small marketing agency for a living (WordPress and Photoshop take up most of my day). In addition to that, I'm also looking for something I can game on, without breaking the bank.
Here are a few games I want to play:
I want a build that'll get through most of the games on that list on (for the most part) high/ultra settings, and deal with the new games that come out for the next few years.
Based off of what I'm looking for, are these parts overkill? I don't plan to be maxing out Crysis 3, but want something that can play my games well, and maybe mine some bitcoin.totally optional.
Thanks so much!
* PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i5-4670K 3.4GHz Quad-Core Processor $249.00 @ Canada Computers
Motherboard Asus Z87-K ATX LGA1150 Motherboard $122.99 @ Canada Computers
Memory Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory $101.99 @ Canada Computers
Storage Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $69.99 @ Canada Computers
Video Card Gigabyte GeForce GTX 770 2GB Video Card $389.00 @ Canada Computers
Case Zalman Z11 Plus ATX Mid Tower Case $134.29 @ TigerDirect Canada
Power Supply EVGA 600B 600W 80+ Bronze Certified ATX Power Supply $64.99 @ Canada Computers
Total
Prices include shipping, taxes, and discounts when available. $1132.25
Generated by PCPartPicker 2014-03-23 22:18 EDT-0400
Additionally, I had three questions.
  1. Would a GTX 760, 770, or 780 be recommended?
  2. Do you think the power supply will be enough for this build?
  3. Would I need an additional HSU for this build? The case supports 7 fans.
submitted by acamu5 to buildapc [link] [comments]

[Build Help]Put together a Litecoin mining rig list for laughs

Don't know why but for whatever reason I felt like putting together a rig list specifically for Litecoin or other cryptocurrencies other than Bitcoin. How is it? PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Celeron G1820 2.7GHz Dual-Core Processor $47.99 @ Mwave
Motherboard ASRock H81 Pro BTC ATX LGA1150 Motherboard $59.99 @ Micro Center
Memory A-Data XPG V1.0 4GB (1 x 4GB) DDR3-1600 Memory $37.61 @ TigerDirect
Storage Sandisk ReadyCache 32GB 2.5" Solid State Disk $39.99 @ Micro Center
Video Card XFX Radeon R9 270 2GB Double Dissipation Video Card $169.99 @ Newegg
Case DIYPC Alpha-GT3 ATX Test Bench Case $73.98 @ Newegg
Power Supply Cooler Master V1000 1000W 80+ Gold Certified Fully-Modular ATX Power Supply $203.98 @ SuperBiiz
Other XFX Radeon R9 270 2GB Double Dissipation Video Card $150.00
Other XFX Radeon R9 270 2GB Double Dissipation Video Card $150.00
Other XFX Radeon R9 270 2GB Double Dissipation Video Card $150.00
Other Risers $50.00
Total
Prices include shipping, taxes, and discounts when available. $1133.53
Generated by PCPartPicker 2014-05-20 20:10 EDT-0400
I also thought about switching the 270's for 750ti's since they consume a lot less power.
submitted by MeteorValor to buildapc [link] [comments]

[Build Help] First gaming PC and it seems like what I've picked out is overkill.

My wife wants to play Fallout (mods and stuff), Skyrim, The Sims and since it's our first gaming PC I'm sure we'll play a few new games. I don't know if it makes a difference but we both prefer sandbox type of games.We'd also use the computer as a HTPC. We'd use a 60'' LCDTV or a 24'' LCD monitor (both 1080p).
We don't really have a budget but I also feel like what I have now is way overkill for the games we'll be playing. My wife's budget was $1000 total) and mine was $500 less.
First question would be: Would this work in its current form ?
Second: Where could I downgrade without losing much power?
Third: Would these be equivalent to what I have now? http://pcpartpicker.com/part/asus-motherboard-z87a http://pcpartpicker.com/part/asus-motherboard-z87k
Fourth: Should I scrap my mobo/cpu/gpu and go with this + $60 mobo + sub $200 gpu.
Do I really need a cpu cooler ?
SSDs seem overpriced these days so I'll wait on that. I couldn't find the proper Viper RAM on pcpartpicker.com. It's this one.
I'm intrigued by bitcoins but it shouldn't be a factor in the decision.
My main issue is that I don't know what benchmarks translate to in terms of performance. Is Madden 14 gonna be that much better on a $200 gpu vs a $260 gpu ? What about next year's games , etc.
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i5-4670K 3.4GHz Quad-Core Processor $179.99 @ Microcenter
Motherboard Gigabyte GA-Z87X-UD3H ATX LGA1150 Motherboard $139.99 @ Microcenter
Memory Patriot Viper 3 8GB (1 x 8GB) DDR3-1600 Memory $50.00
Storage Western Digital Caviar Green 2TB 3.5" 5400RPM Internal Hard Drive $79.99 @ Best Buy
Video Card Gigabyte GeForce GTX 760 2GB Video Card $259.99 @ Amazon
Case Rosewill BlackHawk ATX Mid Tower Case $69.99 @ Amazon
Power Supply Corsair CX 500W 80+ Bronze Certified Semi-Modular ATX Power Supply $34.99 @ Newegg
Optical Drive Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer $16.99 @ Newegg
Total
Prices include shipping, taxes, and discounts when available. $831.93
Generated by PCPartPicker 2014-01-28 15:48 EST-0500
P.S.: My wife is a terrible gamer.
submitted by eurekabru to buildapc [link] [comments]

[Build Help] my first built PC: bitcoin rig two 7970s with occasional gaming

I'm building mainly a bitcoin mining rig with occasional gaming, and would love your help. I've never built a PC before but look forward to it!
Two 7970s have been purchased for a total of $900 including tax because it was good sale. Now the rest I'd like lots of input to decide upon. I want it to last as long as possible. Am Canadian (in Toronto) and a student. Willing to put additional $600-$1100 max into rest, nothing else bought. The main thing is it will be running 24/7 at max settings, and would shut down mining for occasional gaming.
A very knowledgable technician at TigerDirect gave me a great start but now I need to get more feedback. Looking for advice what to get, from where, and why.
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
Video Card XFX Radeon HD 7970 3GB Video Card $407.13 @ TigerDirect
Total
Prices include shipping, taxes, and discounts when available. $407.13
Generated by PCPartPicker 2013-06-06 09:32 EDT-0400
Run down:
• COOLING? - air or liquid? - liquid is ruled out due to expense, since it's been explained to me it costs ~$600 for the assembly to liquid cool the cards directly. Seems pointless to get CPU cooling for the 1-10% time I'd use it for gaming.
• MOBO? - this is the biggest part want help with. I have no concept how to select between the suggestions Sabertooth Z77 (Intel) or Gigabyte 990FXA-UD3 (AMD). My understanding is the bus capacity is 16X for two cards is good just for gaming I'd do, otherwise wouldn't matter for bitcoin. I'm willing to invest an additional $100 above these if the quality of the parts will really last longer, but I don't want needless expense.
• CPU? - i7 ruled out as unnecessary expense, I'd get i5 if Intel. AMD is more power-efficient, but for at least the next 6-12 months I won't care, my rent includes electricity. My understanding is any performance difference of i5 vs. i7 would be A) neglible at 15% improvement, and B) only for video editing which I'd only do a few hours per year max, or never. If I were to get an AMD, an AMD FX 8320 was suggested. It's 3.5 Ghz for $160. Need help choosing between AMD or Intel. OVERCLOCKING - Also note my friend is considering overclocking speed of cards, underclock memory, and overclock the core for me.
• CROSSFIRE - desired. don't know much about.
• POWER SUPPLY? - my understanding is Corsair is a good reliable brand, for a few bucks can get 3 years warrenty for over-the-counter. know there's 4-6 tiers like AX HX TX CX, was planning on getting cheapest CX unless I understand the expense is really justified. i'll stay away from no-name brands, but don't know others. Also dunno exactly about power consumption or margin of error.
• CASE? - a case that fits, so please note the massive size of these cards, consumes 2 slots. Want lots of air cooling to mitigate costs. Aesthically also highly considering a plain white exterior to be painted... but the whole case is lowest priority for now, I want it mining bitcoin soon exposed directly to air for a short while, then can leisurely acquire case.
• MEMORY? - 8 GB was suggested, Kingston, Hyperx 1600Ghz. no clue what matters here.
• HARD DRIVE? - I want SSD, Samsung's 250 GB for $230 was suggested. I can use a spare regular harddrive to begin with to get started, add after.
Have looked at TigerDirect and NewEgg, can also look at NCIX.
submitted by ian-nastajus to buildapc [link] [comments]

[Build Help] Suggestion for buying TV for monitor

I want to trash my TV and buy a monitor that I can use as a TV in emergency situations. Is it possible to get a monitor that has the 3 prong setup(for peasant box or direct DVD hookup) or must I buy a TV and just use it as monitor at performance handicap?
I'm hoping to use the $20 tigerdirect discount using bitcoins on orders over $100. What specs would be most important for something in $100-$250 price range?
submitted by Ripsaw1990 to buildapc [link] [comments]

[Build Ready] Mid-End Gaming/Video/Audio/Mining Rig

PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i7-3770K 3.5GHz Quad-Core Processor Purchased for $230 at Microcenter
Motherboard Asus P8Z77-V LK ATX LGA1155 Motherboard $124.97 @ Outlet PC
Memory Crucial Ballistix Sport 8GB (2 x 4GB) DDR3-1600 Memory $62.13 @ TigerDirect
Storage Plextor M5S Series 256GB 2.5" Solid State Disk $169.99 @ Microcenter
Storage Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $66.59 @ Outlet PC
Video Card Sapphire Radeon HD 7870 XT 2GB Video Card $254.29 @ SuperBiiz
Case Corsair 200R ATX Mid Tower Case $59.99 @ Amazon
Power Supply SeaSonic 650W 80 PLUS Gold Certified ATX12V / EPS12V Power Supply $104.99 @ Newegg
Total
Prices include shipping, taxes, and discounts when available. $842.95 + 230 = $1072.95
Generated by PCPartPicker 2013-06-24 18:23 EDT-0400
The time finally came to give up on upgrading my old rig, one running an Athlon 64 XII. One of my favorite things to do for a solid week back there was to look up comparisons between it and the 3770k - it was hard to even find the Athlon on the graph, given the curve the i7 was setting! I won't be overclocking for now, but probably will in a few years.
While I know the bitcoin mining game is pretty much diminishing returns at this point, I'd still like to stick with a Radeon over a GeForce so that I can keep this guy chugging away and making me back some pennies. I'll put Windows 8 on it (I have a license already) and will eventually add in some sound production peripherals down the line. Hoping to finally be able to play huge Civ 5 maps and start composing some music with Ableton. Maybe I'll even start doing some video editing again! It's like reuniting with old friends! That said, I'll take any tips you guys have for me, thanks!
submitted by arcadeflyer to buildapc [link] [comments]

[Build Ready] Well almost ready - Radeon + GeForce for non-gaming applications? Audio/Video/Mining/Gaming Rig, ~$1050

Hi all, I presented a version of this rig yesterday but thought of another question.
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i7-3770K 3.5GHz Quad-Core Processor Purchased for $230 at Microcenter
Motherboard Asus P8Z77-V LK ATX LGA1155 Motherboard $124.97 @ Outlet PC
Memory Crucial Ballistix Sport 8GB (2 x 4GB) DDR3-1600 Memory $62.13 @ TigerDirect
Storage Plextor M5S Series 256GB 2.5" Solid State Disk $169.99 @ Microcenter
Storage Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $66.59 @ Outlet PC
Video Card Sapphire Radeon HD 7870 XT 2GB Video Card $254.29 @ SuperBiiz
Video Card EVGA GeForce 550 Ti Purchased
Case Corsair 200R ATX Mid Tower Case $59.99 @ Amazon
Power Supply SeaSonic 620W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply $74.99 @ Amazon
Total
Prices include shipping, taxes, and discounts when available. $802.95 + 230 = $1047.95
Generated by PCPartPicker 2013-06-24 18:23 EDT-0400
The time finally came to give up on upgrading my old rig, one running an Athlon 64 XII. One of my favorite things to do for a solid week back there was to look up comparisons between it and the 3770k - it was hard to even find the Athlon on the graph, given the curve the i7 was setting! I won't be overclocking for now, but probably will in a few years.
My new question is that I have an old EVGA GeForce 550 Ti that I'd like to reuse. I know I can't SLI/Crossfire the Radeon and the GeForce together, but a friend told me that I can still benefit from having both in at the same time for some purposes like bitcoin mining. While I know the bitcoin mining game is pretty much diminishing returns at this point, I'd still like to get a new Radeon over a new GeForce so that I can keep this guy chugging away and making me back some pennies. The idea is that eventually I'd make enough to replace the aging GeForce with another Radeon. But can I get the new Radeon to play nice with the old GeForce at all, even non-SLI/CrossFired?
I'll put Windows 8 on it (I have a license already) and will eventually add in some sound production peripherals down the line. Hoping to finally be able to play huge Civ 5 maps and start composing some music with Ableton. Maybe I'll even start doing some video editing again! It's like reuniting with old friends! That said, I'll take any tips you guys have for me, thanks!
submitted by arcadeflyer to buildapc [link] [comments]

[Build Help] Updating previous PCPartPicker list (+ potentially swapping to parts to pay with btc on tigerdirect)

A solid five months ago I committed to building my first PC, and then life happened and I never got around to it. Now I'm ready to build again.
Cliff notes version:
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU AMD A10-6800K 4.1GHz Quad-Core Processor $124.29 @ Amazon
Motherboard MSI FM2-A75MA-E35 Micro ATX FM2 Motherboard $57.78 @ Newegg
Memory Kingston HyperX Blu 4GB (2 x 2GB) DDR3-1600 Memory $53.98 @ NCIX US
Storage Samsung 840 Series 120GB 2.5" Solid State Disk $131.45 @ SuperBiiz
Video Card Asus Radeon HD 6670 2GB Video Card $84.98 @ Newegg
Case Fractal Design Core 3000 ATX Mid Tower Case -
Power Supply Corsair CX 430W 80+ Bronze Certified Semi-Modular ATX Power Supply $29.99 @ Newegg
Optical Drive Lite-On iHAS124-04 DVD/CD Writer $19.98 @ OutletPC
Total
Prices include shipping, taxes, and discounts when available. $502.45
Generated by PCPartPicker 2014-03-09 23:25 EDT-0400
My question is: How does this build look five months later? Anything I should change before I pull the trigger? Also, I'd love to spend my bitcoin over at Tigerdirect, so if there are any comparably priced/performing parts that are on that site I would happily switch them. I get nervous with swapping out random RAM without knowing about compatibility.
Thanks for looking.
submitted by dbennett10 to buildapc [link] [comments]

GossipRoom - YouTube ADHD's World - YouTube YouTube

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