Silk Road forums

Discussion => Newbie discussion => Topic started by: k1ller on August 06, 2013, 07:44 pm

Title: What's going on?!
Post by: k1ller on August 06, 2013, 07:44 pm
I just bought 12.5 bitcoins from bitstamp, Worth 1300 Sent them to my adress i got when i click on my account. It said the process has been finished on Bitstamp, how long is this gonna take before it show's up on my silkroad account?
Title: Re: What's going on?!
Post by: Divo on August 06, 2013, 07:48 pm
It can take several hours, especially if you didn't include a TX-fee to pay the miners for moving your coins.  Just have patience, they will show up.
Title: Re: What's going on?!
Post by: k1ller on August 06, 2013, 07:49 pm
I paid a 0.50% fee when bank transferring 1350 then buying bitcoins lol
Title: Re: What's going on?!
Post by: Divo on August 06, 2013, 07:52 pm
That's completely separate from the TX-fee to pay the miners on the BTC network.  I might suggest you go do a little reading on how the Bitcoin network works.  Also, I'll mention that transferring BTC from a site that has your identity linked to it, straight to SR is an extremely bad idea.  You need to wash those coins before moving them to the road somehow.  There is lots of information on these forums for new people to educate themselves, take a few hours/days and read up.
Title: Re: What's going on?!
Post by: RunningRiot on August 06, 2013, 07:56 pm
Transferring coins into SR usually takes around 6 hours on average for me. It could be less, it could be more. Wait about a day at least before contacting SR staff or anything.
Title: Re: What's going on?!
Post by: mcguire39 on August 06, 2013, 08:01 pm
Normally it takes a few hours. Check your deposit address at blockexplorer or blockchain, once it hits six confirmations, then it should show up in your SR account within an hour or two.
Title: Re: What's going on?!
Post by: Reely on August 06, 2013, 08:02 pm
  Also, I'll mention that transferring BTC from a site that has your identity linked to it, straight to SR is an extremely bad idea.  You need to wash those coins before moving them to the road somehow.
After I got my BTC's, I moved them through a couple of wallets before transferring them to my SR account, just in case. But I do think that's not nescessary. They get moved around a bit before they end up in the SR account anyway.
Title: Re: What's going on?!
Post by: Transcend Reality on August 06, 2013, 08:06 pm
It will take 1-3 hours to XFER BTC from address to address.
Title: Re: What's going on?!
Post by: Divo on August 06, 2013, 08:08 pm
  Also, I'll mention that transferring BTC from a site that has your identity linked to it, straight to SR is an extremely bad idea.  You need to wash those coins before moving them to the road somehow.
After I got my BTC's, I moved them through a couple of wallets before transferring them to my SR account, just in case. But I do think that's not nescessary. They get moved around a bit before they end up in the SR account anyway.

Yes, when you do a transfer they go through several addresses, this is true, but by looking at the block chain you can see origin address and destination address.  If LE knows the destination address is from SR and the origin address is from somewhere that has your identity linked, like coinbase, bitstamp, mtgox etc., they can absolutely put it together.  Moving them through a few wallets that has no association with your identity is always a good idea.
Title: Re: What's going on?!
Post by: Reely on August 06, 2013, 08:30 pm
Yeah, it's always a good idea to take extra care. :)

Anyway, like k1ller I was a bit nervous that something went wrong the first time I transfered money to my SR account because of the time it took. Then I noticed there's is a cake-diagram in my wallet-program that shows the completion of a transfer, a nice feature.