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(The Next Web) Newegg teases about accepting Bitcoin soon - Page 2

post #11 of 57
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Quote:
Originally Posted by nyk20z3 View Post

What is the difficulty level involved in Bitcoining and actually making profit of it ?
It's too difficult to mine Bitcoins. If you want to get involved, you can mine Litecoins or other alternative crypto-currency and exchange them for Bitcoins.
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post #12 of 57
Quote:
Originally Posted by nyk20z3 View Post

What is the difficulty level involved in Bitcoining and actually making profit of it ?

Quote:
Originally Posted by OwnedINC View Post

Bitcoin specifically, pretty high difficulty. Altcoins (Litecoin/Feathercoin/Novacoin ect.) make much better returns.

Quote:
Originally Posted by El_Capitan View Post

It's too difficult to mine Bitcoins. If you want to get involved, you can mine Litecoins or other alternative crypto-currency and exchange them for Bitcoins.

See this thread:

http://www.overclock.net/t/1398219/official-bitcoin-litecoin-digitalcoin-and-all-crypto-currencies-club-and-general-information-thread/0_100
    
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post #13 of 57
https://www.ltcasics.com/index.php?route=product/category&path=59_60

You can get Newegg + Amazon giftcards but not Overstock on there, which is why Overstock's acceptance was news and this isn't that much

You can also get physical VISA


edit: also see http://www.gyft.com/bitcoin/
Edited by AlphaC - 1/12/14 at 9:24pm
post #14 of 57
I believe Overstock's return policy on Bitcoin purchases states that if you request a refund on a purchase you made with Bitcoin any refund will be based upon the market value of BC at the time the refund was requested. So how many people will return items in the 30 day window if BC suddenly jumps in value?
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post #15 of 57
Quote:
Originally Posted by BulletSponge View Post

I believe Overstock's return policy on Bitcoin purchases states that if you request a refund on a purchase you made with Bitcoin any refund will be based upon the market value of BC at the time the refund was requested. So how many people will return items in the 30 day window if BC suddenly jumps in value?
that wouldn't make any sense, if you bought something for 1 bitcoin and 2 weeks later the value of Bitcoin doubles and therefore you request a refund, you would get refunded 1/2 of a bitcoin
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post #16 of 57
Quote:
Originally Posted by y2kcamaross View Post

that wouldn't make any sense, if you bought something for 1 bitcoin and 2 weeks later the value of Bitcoin doubles and therefore you request a refund, you would get refunded 1/2 of a bitcoin

doh.gif My pre-coffee reading comprehension is at an all time low.
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post #17 of 57
Quote:
Originally Posted by Zen00 View Post

smile.gif
These places cash out the bitcoins the second they get them for USD, so they don't have to bear the vagaries of the market.

Which means without the USD, nobody will trust Bitcoin.. lol
post #18 of 57
Quote:
Originally Posted by BulletSponge View Post

doh.gif My pre-coffee reading comprehension is at an all time low.

We've all been there.
    
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post #19 of 57
man i should have gotten in to bit coins.
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post #20 of 57
Quote:
Originally Posted by cdoublejj View Post

man i should have gotten in to bit coins.

Sometimes I think the same thing. Then I think I'm doing something selfless in helping with folding instead of fattening my wallet. I'm hoping it brings good karma instead of having brought me good money... rolleyes.gif
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