4 ms·

I guess it depends on what you mean by "hashing equipment" For example, if you go to Ritchie Street in Chennai, India there are plenty of stores that will sell

I guess it depends on what you mean by "hashing equipment" For example, if you go to Ritchie Street in Chennai, India there are plenty of stores that will sell you a top of the line GTX 1080 GPU for cash. No record of the transaction, and no taxes. A lot of stores will probably even accept USD. You wouldn't be able to launder boatloads of cash this way, but with enough motivation you could do this on a regular basis and offset some cash.

chanfest22 8y ago
Wow, that's terrible! We should probably ban cash because it is being blatantly used for money-laundering.
- Filligree 8y ago
  You kid, but in some places that's already in the process of happening. See Sweden, for instance. https://www.bbc.com/news/business-41095004 https://www.bbc.com/news/business-41095004
  - ur-whale 8y ago
    Yes, it is unfortunately already the case in most EU countries. In France and Italy, for example, you can't buy a new car cash (cash transactions over 2.5K euros are basically illegal). This is a very profound loss of individual freedom, almost as important as losing right to free speech would be, yet strictly no one on the political spectrum seems the least concerned about it.
    - fel0nious 8y ago
      There is likely a balance here, somewhere. Be careful equating money with free speech. Citizens United in the US has had equally-troublesome consequences, based on the premises that corporations are people and money is their speech. Conflict of interest plays a role here, and that's unfortunately something that has been under constant 'redefinition', especially in the last 20-40 years.
- ReverseCold 8y ago
  They're trying to do that in India right now.
chrischen 8y ago
Why not then just sell the GTX 1080 directly to miners?
tschwimmer 8y ago
How much off US MSRP? I’m actually in the market for a new card for a gaming rig at the moment.
- bowmessage 8y ago
  If I had to hazard a guess, it would be for more than US MSRP in order to incentivize the seller.
- fareesh 8y ago
  More expensive because there is an import duty cost to offset, which is between 10% and 30% Taxes are 5-18% on top of that.

chanfest22 8y ago

Wow, that's terrible! We should probably ban cash because it is being blatantly used for money-laundering.

Filligree 8y ago
You kid, but in some places that's already in the process of happening. See Sweden, for instance. https://www.bbc.com/news/business-41095004 https://www.bbc.com/news/business-41095004
- ur-whale 8y ago
  Yes, it is unfortunately already the case in most EU countries. In France and Italy, for example, you can't buy a new car cash (cash transactions over 2.5K euros are basically illegal). This is a very profound loss of individual freedom, almost as important as losing right to free speech would be, yet strictly no one on the political spectrum seems the least concerned about it.
  - fel0nious 8y ago
    There is likely a balance here, somewhere. Be careful equating money with free speech. Citizens United in the US has had equally-troublesome consequences, based on the premises that corporations are people and money is their speech. Conflict of interest plays a role here, and that's unfortunately something that has been under constant 'redefinition', especially in the last 20-40 years.
ReverseCold 8y ago
They're trying to do that in India right now.

chrischen 8y ago

Why not then just sell the GTX 1080 directly to miners?

tschwimmer 8y ago

How much off US MSRP? I’m actually in the market for a new card for a gaming rig at the moment.

bowmessage 8y ago
If I had to hazard a guess, it would be for more than US MSRP in order to incentivize the seller.
fareesh 8y ago
More expensive because there is an import duty cost to offset, which is between 10% and 30% Taxes are 5-18% on top of that.