TigerDirect Accepting BitCoin as Payment

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phatbody

It's not them taking payments, it's TigerDirect actually getting you the product you have ordered. They sell WAY too many items under false pretense. Too many times they have taken an order only to have 'BACKORDERED' appear the next day on the invoice.

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vrmlbasic

TigerDirect did fire-sale me a known-bad Corsair Nova SSD, and they (and others) did the same thing just a few days ago with a Kingston SSD. :(

They haven't really let me down, I guess, but it wasn't exactly on the up-and-up.

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PCWolf

Well, Bitcoin Mining will ensure that AMD will be making Money selling it's GPUs to Bitcoin Miners, ensuring that it wont go under to Nvidia. Thanks Bitcoin for helping keep AMD afloat!

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Ghost XFX

Apparently, there's Cudacoin...

You only have to guess where that's going.

Gamers are screwed by virtual currency net wide...

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lordfirefox

That would be mostly true if GPU's could still bitcoin mine. These days you need ASIC hardware and it's expensive. Don't look for a short turn-around on profit either. It's a long game.

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vrmlbasic

Isn't that what the other virtual currencies were for? I thought that the LiteCoin fad was over-now that Hollywood (Person of Interest, Almost Human) and big business have adopted it-anyway and that the GPU-mineable litecoin was where all the cool kids, and their R9 290s, were going nowadays.

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lordfirefox

No Litecoin isn't as valuable as Bitcoin, Right now on Mt.Gox is trading at $1012 USD

People are mining alt-coins and then trading to Bitcoin on the exchange Cryptsy or BTC-E and Bter.

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vrmlbasic

So litecoin is the new fad for GPU mining now, right? When will retailers accept that?

...this is reminding me of Ron Paul and his call for a zillion different currencies, some virtual, in the US :(

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Pie Eater

Whenever I see a company that offers BitCoin, I always wonder what one would do with it. Although I don't imagine BitCoin to account for too many TigerDirect sales, what is TigerDirect going to do with the BitCoins once it has them?

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lifeboat

"what is TigerDirect going to do with the BitCoins once it has them?"

They are using https://bitpay.com/ as a payment processor and if they wish BitPay will convert the bitcoins to dollars on the spot.

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Pie Eater

Ah okay. That makes sense, I hadn't heard of this before. Thanks for the explanation :)

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Bullwinkle J Moose

What is the World coming to?

So, how much would you need to buy in hardware as of "TODAY" to mine 1 single bitcoin in 1 week

and next week it would take even more hardware to do the same job, correct?

and a lot more hardware next year for the same job?

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kixofmyg0t

To put this in perspective....the best GPU to mine bitcoins is the 290X.

You would need literally thousands of 290X's to mine 1BTC a week. Bitcoin mining with GPU's became unprofitable long ago.

ASIC miners are the new wave.

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Renegade Knight

At least it gives the botnets something less destructive to do.

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Thursday

I don't think it is even possible to GPU mine a bitcoin anymore. Now it's all about customized mining appliances, and tones and tones of them at that.

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AFDozerman

Pfft... Plebs.

Everyone knows DGC is where it's at.

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Thursday

Much coin. So value. Very currency. Wow.

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lordfirefox

DOGE and DGC are two different currencies.

DGC is DigitalCoin.

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d3v

LOL. Whatever floats your boat. When it's time to cash out convert to BTC you will cause doge is worth dog sh*t.

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Ghost XFX

It's still too risky to even consider as legal tender. I've yet to see any kind of consistency out of the virtual currencies out there. Every one of them seem to be volatile...

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d3v

Legal tender is government approved fiat. Bitcoin's very reason for existence is to counter fiat. If you are waiting for governments to approve bitcoin as legal tender you are going to be waiting a long time.

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vrmlbasic

Remember when our dollars were tied to the value of a real, tangible good instead of the word of the government? Yeah, me neither :(

Dam FDR (and, to a lesser extent, Nixon)

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vrmlbasic

This is interesting. I have no bitcoins though. I wish that I did have one as then I could us it to almost buy 2 R9 290s.