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Thread: Bitcoin/GBP withdrawal issue...

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    ALT0153™ Rob_B's Avatar
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    Bitcoin/GBP withdrawal issue...

    Hi guys,

    I know a few folk on here were once into Bitcoins, seems they are are at high rate at the moment and I decided to sell the 1.4 coins I have left from my mining days....

    However, they are in Intersango, and they no longer do withdrawals in GBP/they have no UK bank relationship! Also I'm reading a lot of bad things about them. No real loss to me as they were free but would be nice to do something with them!

    So...if I want to get my hands on real currency from my coins what can I do?! Anyone here want 1.4 BTC ?

    Cheers folks!

    Rob
    Last edited by Rob_B; 28-02-2013 at 10:12 PM.

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    The late but legendary peterb - Onward and Upward peterb's Avatar
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    Re: Bitcoin/GBP withdrawal issue...

    Dollar Paypal account? Useful if you want to buy stuff from the States, although you'll probably get caned if you try to withdraw in pounds (assuming you you can get your bitcoin cash out to Paypal)
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    ALT0153™ Rob_B's Avatar
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    Re: Bitcoin/GBP withdrawal issue...

    No idea if I can get them to paypal, mtgox also seems to have a $75 minimum limit to withdraw (?)

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    (evil grin) ehhhhhhh's Avatar
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    Re: Bitcoin/GBP withdrawal issue...

    Quote Originally Posted by Rob_B View Post
    No idea if I can get them to paypal, mtgox also seems to have a $75 minimum limit to withdraw (?)
    I use bitcoin central and mtgox, they are working flawless.

    edit: I'm not sure if bitcoin central has limits

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    ALT0153™ Rob_B's Avatar
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    Re: Bitcoin/GBP withdrawal issue...

    Quote Originally Posted by ehhhhhhh View Post
    I use bitcoin central and mtgox, they are working flawless.

    edit: I'm not sure if bitcoin central has limits
    Can you withdraw GBP easily under $75?

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    Re: Bitcoin/GBP withdrawal issue...

    That reminds me I still have a few bitcoin squirreled away, hmmm.

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    Re: Bitcoin/GBP withdrawal issue...

    I've been looking for somewhere to sell my bitcoins, since I have a couple from mining them a couple of years ago.
    Various sites, all seeming to offer the same service, not really sure which to trust etc.

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    Re: Bitcoin/GBP withdrawal issue...

    I received a transfer from mt.gox today
    Note you have to select international (not euro) when adding your bank account

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    Re: Bitcoin/GBP withdrawal issue...

    $33 will look later. I think I have a few.....

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    Re: Bitcoin/GBP withdrawal issue...

    Bitcoin central seem to want an awful lot of info; have people uploaded documents and stuff it seems ridiculus to me. I have not given any correct details to them.

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    Re: Bitcoin/GBP withdrawal issue...

    Thanks guys, sorted something out. My 5830 mining rig never materialised, probably a good thing as it seems like mining is now a high end venture?

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    Re: Bitcoin/GBP withdrawal issue...

    Quote Originally Posted by Domestic_Ginger View Post
    Bitcoin central seem to want an awful lot of info; have people uploaded documents and stuff it seems ridiculus to me. I have not given any correct details to them.
    They need only the copy of your ID for verification. Your funds are insured on your account (up to 100K), so I cannot fault them for requesting such information. Also, it makes the life of scammers harder.

    on topic:
    I'm interested in buying BTC from members with decent trust.. pm if you are willing to sell them for £


    Quote Originally Posted by Rob_B View Post
    Thanks guys, sorted something out. My 5830 mining rig never materialised, probably a good thing as it seems like mining is now a high end venture?
    Yeah, GPU mining is over for quite a while. Only the ones with cheap (free?) electricity stayed in game. ASIC vendors are working on devices though, which will be the next major step for the mining scene.
    Last edited by ehhhhhhh; 01-03-2013 at 12:40 PM.

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    Re: Bitcoin/GBP withdrawal issue...

    http://products.butterflylabs.com/ho...oin-miner.html

    4.5GH/s for $150? Is that not insanely close to breaking even within 1 week at current values?

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    (evil grin) ehhhhhhh's Avatar
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    Re: Bitcoin/GBP withdrawal issue...

    Quote Originally Posted by Rob_B View Post
    http://products.butterflylabs.com/ho...oin-miner.html

    4.5GH/s for $150? Is that not insanely close to breaking even within 1 week at current values?
    No one can predict this. There are many variables which cannot be accurately estimated.

    One thing is certain though, difficulty will shoot up, so it will make a lot less BTC compared to calculations with the current environment.

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    Senior Member Macman's Avatar
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    Re: Bitcoin/GBP withdrawal issue...

    What the hell is Bitcoin? :L

    In work atm and don't want to be looking it up; I'm pretty sure it's safe for work but still.

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    jim
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    Re: Bitcoin/GBP withdrawal issue...

    It's an online based currency. It's not centrally managed, if you own the string for a particular bitcoin, then it's yours - I don't really understand the technicals of it, but that's very vaguely it. No banks etc need to be involved.

    People mine it with GPUs, and thus create new currency.

    Depending on how much is being created, it becomes harder to mine to prevent inflation.

    Bitcoins are traded online, so they have a cash value which is open to fluctuation with the markets. Right now they're worth about £20. So if you mine with say a 6970 you could be earning around £40/month.

    A lot of us were doing it a couple of years back when it was much easier to mine, and did alright out of it. Now the value of bitcoins has shot up again, which is making it vaguely economical to mine.

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