Bitcoin Forum

Can you perhaps explain a bit more what exactly you present? we deposit x btc and after 24 hours we get like 5 times or deposit? Can't really follow where you're going :p
if (question.this==n00b)
{
   println("So sorry :D")
}

How many th/s are we looking at? I think we could get even up to 48 hours with a little more BTC - 7 I believe. Let me know more about the TH/s as I may be interested in joining as well.

how its work? and how many days do we need to wait profit? is there really 24hour?
why theres no payment has been done yet? well quite interested me here. maybe gonna invest with your mining a little bit, if i saw some proof of it

Can you perhaps explain a bit more what exactly you present? we deposit x btc and after 24 hours we get like 5 times or deposit? Can't really follow where you're going :p
if (question.this==n00b)
{
   println("So sorry :D")
}

NOTE: it's not mine address,it's address generated by nicehash.com i am interested in this can you confirm that the address is still valid and there is open slot.

You invest,wait and if we'll hit the block then you'll receive your deposit back with some profit %. If not then this round will be unsuccessful.

and what, unsuccessful? then you lose what you send or? :p

why the hell are you deleting my messages? i dont even know wtf i said wrong

What is the minimum share? 0.001 or 0.005?

0.005 BTC that's 0.1% (you'll receive 0.025 BTC if we hit the block :)

What is the percentage of hitting a block? May i know?

Do not promore other solo mining groups here.

what other solo mining group? i never mined before, let alone solo lol.

Are you interested or you just spam for your signature?
If you are interested,bitcoin address is in first post

If you want people to trust you, a self-moderated thread is a bad start, I suggest to reopen it unmoderated.

Btw, how many are the chances of hitting a block in 24h with 1 peta?

I would invest in this, but I highly doubt you'll ever make 5 btc and I have some trust concerns about sending btc to you...

I found the answer myself:

http://bitcoin.stackexchange.com/questions/4565/calculating-average-number-of-hashes-tried-before-hitting-a-valid-block

http://tpbitcalc.appspot.com/?difficulty=113354299801.0000&hashrate=1000000000.00&exchangerate=393.79&bitcoinsperblock=25.00&rigcost=0.00&powerconsumption=0.00&powercost=0.10&investmentperiod=355

Time to generate one block: 5.6   days

So I have less than 1/5 chances of getting back my investment ×5, and that’s for a 5 btc investment.... not a big deal, if I'm understanding numbers well...

Yes but we can hit block in 24 hours or more than one block.... It's depending on luck..
Someone hit 3 blocks within one rental with only 500 TH/s

And if we didn't a block then we're going to lose everything right. So percentage wise, there's a 20% chance we could earn x5 of what we invested? Is this correct?

Yea the chance is under 50% but we can be very lucky and find more than 2 blocks :)
Minimum share is only 0.1% or 0.005 BTC - for example in german version you must invest more than 0.5 BTC

I like the idea of this and would be willing to try it out. I think a better approach would be to have a set amount of people invest a set amount of coins. The other issue is that you do not have any trust and it will hard for people to invest due to that.

Something like

30 users invest .25 each or if some one wants to invest .5 then you lower the total users to 29 etc..

Can you just send the coins to the trusted escrow.

Well, If I join I can just handle the coins unless you guys object to that? I used to escrow here but recently stopped since it was too time-consuming.

Address:   1QAQLY7m9TnMYA7RXHTpcftR1RTT5AcqhH  
TxID: https://blockchain.info/tx/dfb5252031e927fa57516fc9868a1dcb639d86c7cee60ea6ff526e66773c6efc
Amount .0199

Listed and thank you for your support. :)

  ;D  8) good luck to everyone who joins

Who added to the fun?

ROUND - 1

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don't forget to leave a positive feedback at the end of the round
Max invest: 5 BTC
We need atleast 0.5 BTC to start ( 100 TH/s - 24 hours )
Mining duration: 24 hours
I'll split the hashrate between nicehash and westhash ( nicehash.com ) and our backup site is miningrigrentals.com
Where we will mine? solo.ckpool.org - i'll add here url for our worker after i rent hashrate.
e: yes
Minimum share%: 0.1% or 0.005 BTC - you'll receive 0.025BTC if we hit the block [ 25:100=0.25 | 0.25x0.1 = 0.025 BTC ]
25 BTC will be sent to investor's via Shares%

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Bitcoin address: 3QGFYfvmPBXBu9k4siC17E2NxFyQmQHmwG (https://www.blockchain.info/address/3QGFYfvmPBXBu9k4siC17E2NxFyQmQHmwG) - this is the deposit wallet (Wallet balance: 0.0749 BTC)

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Please fill this form after you invest:

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@amalref - 0.045 BTC - 0.9 % - expected profit: 0.225 BTC - 1FzFzCM8Zk61gLrvTFh5u6xZdDjqjXsCcw - tx: Transaction link (https://goo.gl/WlYDqP) + Transaction link (https://goo.gl/ftKaBQ)
@ViceLight - 0.01 BTC - 0.2 % - expected profit: 0.05 BTC - 19YngSAo5fwXPzMvqt3NbKtARuS74enTBU - tx: Transaction link (https://goo.gl/sTx9sE)
@AngusCanine - 0.0199 BTC - 0.398 % - expected profit: 0.0995 BTC - 1QAQLY7m9TnMYA7RXHTpcftR1RTT5AcqhH - tx: Transaction link (https://goo.gl/rUFquu)

And what exactly is stopping you from running if you hit a block?
25 BTC. $9792 USD. $13797 AUD. Nothing at all. You could easily run, and just say you had no luck or just leave.
Let's be honest, your account isn't worth 1% of that, so you would.
I don't really see the point of this tbh

And what exactly is stopping you from running if you hit a block?
25 BTC. $9792 USD. $13797 AUD. Nothing at all. You could easily run, and just say you had no luck or just leave.
Let's be honest, your account isn't worth 1% of that, so you would.
I don't really see the point of this tbh

your decimal points are off by one my share should be 3.98% so profit would be 0.995 BTC

Why would the expected profit will be under 1 BTC when you only have 4 players and a block reward is 25BTC? Can you please explain your reward system?

Everything is answered in the first spot - expected profit is paid by shares% and we start only if the wallet reach 0.5 or more BTC - if we hit the block then half or full block is distributed to investors via shares% and rest is re-invested ( if we hit 2nd block = every investor will receive 2nd payment )

You are wrong. It's 0.0199:0.05 = 0.398% ( Max invest 5 btc : 100 = 0.05 BTC = 1 % ) or 0.0199:0.005 = 3.98 x 0.1 ( minimum share ) = 0.398 % :)

OK if you close the pool at .5 btc then my percentages is 3.98% please use this tool  http://www.percentagecalculator.net or please return my btc

Yes if we start with only 0.5 i'll update it.
Don't worry :) And the rest of the block i'll re-invest and if we hit 2nd block then you get 2x 3.98% :)

my bad I though we were starting the run when we hit 0.5btc

How does that giveaway works? i cant see any post regarding account giveaway, what's the procedure to participate?

Read the rules first :)
If we hit the block or blocks i randomly choose one member(investor) who deposited more than 0.1 and give him one account :)

Any word on the escrow

For the giveaway or group funds?
I'm waiting for a pesonal message from Blazed..

ok cool

Don't worry,if you want your coins back,reply and i'll send you bitcoins back but nicehash is taking a fee of 0.0005 BTC for withdrawals :)

Escrow would require OP to have a valid collateral, or the escrow will have to do all the renting work in person.

good point. What do you think Amalref?

I can close the giveaway and use my 3 accounts as a collateral :) It's not a problem..
I can also refund all money on the bitcoin address (-50k satoshi as a fee - this is the withdrawal fee from nicehash.com ).
Btw what about mini-group with max invest 2 BTC, medium-group with max invest 5 BTC and large-group with max invest 10-15 BTC?

I guess I'll take the refund until you can regroup with escrow, I like the idea of the smaller btc entries

Ok wait a minute please.
Edit 1: https://blockchain.info/tx/7b33dfb33c6bf26d9d8be0de89499cefdb41b2bba909d9d6f08cf26cfded3e6c here is the withdrawal to my btc address,after one confirmation i'll refund you.
Edit 2: here you can see wallet balance: https://blockchain.info/address/1FzFzCM8Zk61gLrvTFh5u6xZdDjqjXsCcw

Amalref thank you for trying!!!

idunno how it should work but if you get it running I'll surely join!

My pleasure man! :)
Should i close the giveaway and send the accounts to the escrow as a collateral if something went wrong?

mabye focus on actual BTC collateral. Then the escrower would only have to accept the entry fees and forward them to you after the run. Let's keep the btct accounts out of the lotto run

Okay guys i closed the giveaway. Blazed did not reply to my pm so i don't know where to escrow bitcointalk accounts as a collateral for this group.
If you know where to escrow bitcointalk accounts,please reply.
The minimum invest is 0.01 BTC but it's still lower than in a concurent group :)
As you can see above i refunded all bitcoins back to investor's so the balance is now 0.000 BTC.

I have just replied. I was pretty yesterday and had a flurry of messages - just missed yours was all.

Okay thanks,can you escrow bitcointalk accounts (1x senior and 2x hero ?) as a collateral?
If something went wrong then you have 100% rights to sell my collateral to cover investors money.

Okay thanks,can you escrow bitcointalk accounts (1x senior and 2x hero ?) as a collateral?
If something went wrong then you have 100% rights to sell my collateral to cover investors money.

Can you prove that you own the accounts. And do you really believe that these accounts worth 25 bitcoins if we mine one? I don't trust you enough to do this. Another member with more trust should host this.

... honestly, you'll need more than a houndreds of TH/s to hit a block and distribut rewards.

I'm mining with almost 100TH/s and even doin' solo, I can't find a block... it's not easy, some say they found one in a month... but ujust if it's like lottery, and I don't olike lottery, I like maths.

There are many "small" companies with a batch of 12 PH/s, and that's a small company... the hashrate you can buy with few BTC is so small that if you earn 10BTC from a dozen of people, you cant' even be close to ROI. Not even close.

I could be wrong, I could misunderstood your point.. but this is not like ckpool... I mean, if you prove you are doin' mining since 2011 with large experience, maybe you can get some respect/investments.