Bitcoin Forum

**Announcement**
This service has been closed. We simply provided educated guesses to what we can expect from this mining operation. It was a shared mining op with 50 shares spread out and it didn't work out due to heavy rise in difficulty and fast-price drops. However, ever shared investor who didn't sell at the exchange (after handing out the coins) did potentially see a 75% + ROI due to BTC prices reaching $1,250 USD and primecoin reaching $7.00 USD.  Some people wanted to see an instant return right off the bat... which was not possible and made people unhappy. Like any investment, it takes time to build value into something. Share holders did see a return from a minimum of $200 up to $5,000 depending on the amount of shares owned because 6 Weeks later, primecoin and bitcoin both had a tremendous value increase creating major benefits for coin holders.

Primecoin difficulty has increased by 120% since this operation and no longer is equal to the same value per block generation. If this same service was ran actively today... investors would see a huge decline in value, and would never make it profitable unless holding for another 2-3 months hoping the price hits $14 per XPM.

Note: 0.50/BTC investment was traded for $90-$100 USD at the time. Primecoin was traded at $0.50 USD at the time.
In my opinion, the project did not work out, and I ended it with some Investors unhappy no matter how hard I worked at it, and some thanking me for my duties!

www.XPMcoin.com/mining (closed) 50 Share Subscriptions Available for SOLO Mining
XPM Coin is offering a Shared, Cloud Computing Server Solution - Giving You A Hands-Free XPM Mining Solution.  

Thanks for all interest and support in this private funding.
I will go ahead and keep you updated if future Shares do open. We have closed the payment page now.
Send me a private message for future reservations in this investment - In case shares open up/become available.

XPM Coin will do all the work of setting up servers, optimizing for the best results.
You just make a weekly subscription payment, and earn XPM while you are busy doing other things.

Currently, I am mining about 8-10 blocks/day with 25-50 servers average time on-and-offline
Some servers have been on/off for testing purposes and optimization of better hardware/resources.
I have found my best results, and I am ready to offer XPMcoin.com/mining solutions to the public.

This will only be available and accessible to 50 share subscriptions total. Each subscription (0.50/BTC a week) will count as 1 share.

My efforts counts as 1 share. That is because I am able to get the best available results, and I am constantly monitoring, upgrading,
and optimizing our servers. I work on Primecoin XPM mining 12+ hours a day, and I am ready to dedicate full time to all subscriptions.

Note: This mining business (xpmcoin.com) is not affiliated with Primecoin or its network.
Note: we do not guarantee results! or offer money back. Invest at your own risk.
We are just offering early access for a possible future opportunity to mine XPM as a group if this works out.

*** CLOSED *** No longer a business or a project or service.  Sorry for closing this too soon, it didn't work out after the 2nd trial.

Reserved for Announcements and FAQ

FAQ
Q) What if not all 50 were sold shares?
A) I will deploy 50 and scale up from there, and only 25 shares have been sold, Coins generated are divided by the # of subscribed shares.

Q) How will you track it?
A) I will use one wallet across all deployed servers to keep track of the full balance. I will give screenshots upon approval.
I am programming something to make it display the wallet balance in real-time, online. I will let you know when that is released.

Q) How will you know if I made a payment?
A) Once you subscribe @ http://www.XPMCoin.com/mining - and you subscribe via coinbase, we will receive your order # and Transaction #
your next step is to submit your application on the next page to begin processing your shares.
We need the application filled out so we have your direct contact and payout address on file.

Q) Can I cancel anytime?
A) Yes, anytime. If you made a payment for week 1 (up front) and you cancel it before Weekly Payout, you will still earn for that paid week.
Need to cancel? Go to coinbase, click subscriptions (merchant) and cancel it there. Contact me if you need assistance.

Q) Is there a money back guarantee
A) We have bills, expensive bills, and huge risks ahead. We are taking on this business model as a risk, just like you, as a investor/customer.  
You won't know the outcome until you try, and we can't guarantee outcomes either. However, no strings attached, so you can cancel anytime.

Q) What are the Server Specs
A) We have about 8 to 24 CPU Cores running across our servers. We plan to implement more 24 CPU cores to maximize increased block earning.

Server stats
Currently running Servers #1 - #25
processor : 23
model name: Intel(R) Xeon(R) CPU   X5650  @ 2.67GHz
---------------------------------------------------
Currently running Servers #25 - #50
processor : 14
model name: Intel(R) Xeon(R) CPU   E5645  @ 2.40GHz
----------------------------------------------------
Awaiting 50 Total Subscribers to run Servers  #50 - #200
model name: Intel(R) Xeon(R) CPU E5410 @ 2.33GHz & more of Xeon X5650  @ 2.67GHz

These have been the best mixture of results. I will open up more of these servers to maximize our earnings.
I plan to deploy up to 200 servers, once 50 Subscribers (50 shares sold) have been reached.

Q) If Difficulty goes up, what happens to block rewards?
A) Block rewards usually goes down as more miners come in play. Currently, I am earning 10.50 XPM per 1 Block.
It is better to maximize now before it gets harder and more miners jump in.

Q) I need support or have a question
A) Sure, contact me, MACO anytime or reach me at admin@XPMCoin.com ( I am always monitoring )

Q) Submitted payment?
A) For speed of implementation purposes, contact maco with your ORDER # or Transaction ID from Coinbase.  
I will start processing everything for you right away (I am usually here).

Q) Is the results or earnings guaranteed?
A) Off course not... we are testing the waters and trying to go on a larger scale into Primecoin XPM mining. No one knows what we will earn or how much... As stated on the site: "We do not offer refunds or money back guarantees or guarantee results or claim exact earnings. Cryptocurrency (Primecoin XPM) earnings are estimates only. You can cancel anytime, and you will begin receiving dividends for that entire payment week.Pool Pot and Subscription Shares per week, day or any coin amount is estimated, and we are not responsible for these amounts. You are paying for shares in our services, and we only will host up to 50 subscriptions." - xpmcoin.com/mining  Note- these have been personal results I estimated for myself and have seen an up and down ratio in the earnings. The estimates are clearly not what you will earn. Please do your own research before investing.

This is clearly something you decide to try or not try... no refunds or money back guarantee.

Q) How fast is difficulty going up?
A) Pretty fast! Faster than what people really think. A few days ago we were around 9.5 difficulty and currently we are operating at around 9.7 difficulty. Earnings of XPM is going down, so we need to act quick.

Screenshots:

http://xpmcoin.com/m2.png


http://www.imagethe.net/Jd.png

I have some questions as to the timing.  I ask them because an operation like this, if it's profitable at all, will continue to be profitable until one day when it isn't.  I want to know how quickly I can bail out when that happens.

If I subscribe on a Saturday, does my subscription run Saturday to Saturday?  Or do all subscriptions run Wednesday to Wednesday?

Will I receive my Wednesday dividend in time to convert it to BTC so I can pay for the next week?

Alternatively, will the dividend be announced in time for me to make the decision whether to renew for another week?

Or, will there be some kind of ongoing stats during the week so I can estimate the dividend before deciding whether to renew?

This is a great question. And I was tossing around some thoughts for this. I know all subscribers won't come in the same time, so I decided I will payout on Wednesday, and say we come back to Saturday, you will still get a payout until the 7th day billing period closes. If you did cancel, remaining payout will be on the final 7 day period.

So basically, its really a 7 day payout, it happens every wednesday, and the remaining payout amount will be on the 7th (final day) if cancelled.

All I ask is send me a reminder that you have cancelled, so I can organize it accordingly and provide faster payouts. Otherwise, I can still keep track of all of it.

You didn't answer my questions about dividend announcements or sufficient stats to estimate the dividend, but I will take a chance on a Sunday-to-Sunday subscription.

I encourage you to make things as transparent as possible for your subscribers.

Edit: I set up a Coinbase account and entered a subscription.  Looking forward to seeing how this works out.

Okay. Answering it below.


Yes, what I can do is send you screenshots of what has been earned as a pool and how many subscribers we have on board, at anytime.

What I will do is have some pool stats ready on Tuesday so people know what to expect Wednesday.

A question that immediately pops to mind when I see a service such as this offered is: "Why would you offer it?"

If it was an IPO-like thing, it would make sense: To collect enough funds to purchase the hardware. But this is a subscription-based service. In order to profit, a subscriber needs to earn more XPM than the equivalent amount of 0.5 BTC per week. But if the expected gains are above 0.5 BTC per week, why rent out the mining power at all instead of mining for yourself?

He is shifting his risk to the subscribers.  His commission (the 51st share) is profitable regardless.  For the subscribers, profitability depends on the exchange rate, and possibly on willingness to wait for a sell order to be filled.  For a true believer who wants to accumulate Primecoin anyway, this is an alternative to dollar-cost averaging.

Or it could simply be a lack of capital.

Just guessing.

I'm in for a few shares. Primecoin seems like it could be next to Litecoin in the cryptocurrency arena, and is actually innovative; this is the perfect opportunity to "buy" some.

wasnt primecoin created by sunnyking? everything this person has created has been dumped on why would it be smart to invest in something that is most likely created by a person who is probably dumping them on everyone else?

id stick with coins created by people who are actually reputable, just like how the CEO is one of the most important reasons of the success of a company im going to assume it transfers over to alt coins and those who create them,

Off course, I get that. There is a number of things that comes to my head, as a person of adoption.

I don't think I would take on such a large project myself due to lack of funds. The other thing is, I have generated quite a bit already for being an early-adopter, and I am trying to get more people into primecoin, before we get into major numbers. I want you to remember, you were/are a subscriber of XPM Coin.  I certainly believe we are making history.

Conclusion: without investors, this wouldn't be possible. And if I wasn't here, there would be a chance to generate the type of coins I am able to generate .

Welcome aboard. I have verified this. So far, you own the most amount of shares.

I also believe that Primecoin 'seems' it could be next to Litecoin. I would be guessing in a similar Logic.

Btw, send me a PM with your XPM Address, I am missing thing.

Thanks for your support and investment. Let me know if you have any questions.

What are you talking about? Sunny King is very reputable, and has done great things for the community. Who said he is dumping? I don't understand your logic.

If you reread what I have wrote,

I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was

if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,

best of luck

Why do you assume that sunny king is the person who dumped the coins? There are a metric shit ton of speculators in the altcoin markets and "pump and dump" is the rule rather than the exception. I think in a few years we will have Bitcoin, Litecoin, and Primecoin and most of the others will not see wide use.

Primecoin is interesting to me because it actually innovates unlike most cryptocurrencies; for example it uses (vaguely useful to mathematics) prime number chains as proof of work instead of hashcash. PPCoin just seems like a bad idea with its proof of stake concept -- people don't want an inflationary currency. 

Ah I get you now. I wasn't being defensive, just trying to understand.

Every coin has the pumpers/dumpers. I agree, Primecoin or PPC is no different. But I don't think it has anything to do with Sunny.

+1 exactly.

I just want to keep everyone updated.

We are moving fast in the amount of shares sold.

At the moment of this post, we have 31 Shares Remaining available.

Thanks for all interest so far. I am rapidly expanding our growth as we speak.

I will make generated coin stats/block stats on Tuesday.

26 remaining ;D. Can't wait to see the stats and some delicious Primecoins on Wednesday.

got my share just now

What happens during weeks when you have less subscribers then the maximum?  Can the subscribers expect a larger payout for those weeks as a result of less subscribers to divide amongst?

Now 23

I will release stats on Tuesday for Wednesday. Dividends will be paid out (for the entire 7 day payment)

So if you buy in Sunday, you get a payout Wednesday, and next Sunday covering the 7 Day Payment.


Excellent. Please do not forget to submit your information to my application page. Let me know if you need the link again.

In other news, I just bought a few XPM at .007 (I've sold as high as .009).

Profitability for this venture may require some care in converting XPM to BTC.  Sell too quickly, and you don't get a good price.  Sell too slowly, and you have more capital tied up.  Either way, profitability is lower.  Somewhere in the middle is a sweet spot.

Interested in investing, but I don't want to bother with a coinbase account. Could I just pay you 4BTC, and get 8 shares for one week?

In essence, yes, since it is less payouts but larger amount from the pool. However, I need to make sure 50 Shares around because I still have to pay for the resources. To answer your question in theory, that will earn you larger coin payout .. or if we don't fill up 20 more shares for this week

Good tip.  Thanks for sharing!

1 May I know how the estimation of 8-16 XPM per share per day is obtained? Simulation or real data? Is it equally possible to be in the low side(8) and in the high side (16)? It's important cause with current exchange rate, at least 10 xpm per day per share is required for the subscribers to earn some BTC.

2 It seems the 8-16 per share per day is based on 200 servers. May I know how fast these servers be online after 50 shares are filled? Cause subscriber cannot get their investment back before all servers deployed.

3 you said you will dedicate to this full time. But what you get is at best 1 BTC per week - all the maintaing and server costs. I don't think that justify your efforts.

Moreover, is it possible to provide the exchange service for some subscribers?
 From a potential subscriber. Thanks.

Coinbase would help in automatic billing, which makes it effortless for both parties. However, It looks like we may arrange that to happen.

Thanks for the opportunity. For public record, got 8 shares.

If this continues to be a good investment, I'll make a CoinBase account, however I wanted a low-risk way to get into this scene and wanted to avoid having to make yet another digital currency account.

I agree, if this can be answered then I will be a potential subscriber

I am already starting to deploy most of the servers... I will finish in about 24-48 hours.

Welcome aboard.

Yes, after this week, you can decide to join in via coinbase for further weeks of subscriptions.

I'm in for 2 shares.

Transaction confirmations and XPM address PM'd to maco.

Confirmed!

Thanks for joining.

12 remaining

Why didn't you answer all of BitThinks questions? He has some good points. Let me add a few:

How many servers are actually running right now?

How many blocks were produced in the last 3 days?

When are you going to deploy the next servers? The moment you sell all shares or days/weeks later?

Will the ratio stay at 1 share per 1 server?

Is there a site or tool where you can track daily performance?

1. Most of the tests come from my tests. Primecoin is about 1 month and a half old, so its all relatively new data to all of us, however, I collected that in some small split tests, and the rest is educated guesses.  I must have started this somewhere... this isn't a current exchange gig. This is for those who want to contribute to mining, that are not, and need to hold more coins, and do not want to receive low shares with public pools, and don't have the consumption for solo mining.

3. This line is very disrespectful to me. I really rather not have you investing, if you are going to question my value.

It is like telling the Doctor, he doesn't deserve getting paid to save anyone's life. I may not be in a doctor, but I would like to say, I am one when it comes to Primecoin Mining.

About 20 blocks

The servers will be ready in the next 24 hours or so. I have had my servers running for a while. I am deploying an expansion to more servers.

Not at the moment. I do not have anything programmed yet in this sense. It is just a main wallet I am using across all servers.

Btw, I just thought about something. There is also immature time for coins generated (it takes about 3 days for coins to clear)..

I am going to still payout dividends (regardless of this) with my own matured coins.

Thanks
Maco

Watch  8)

Closing this out in 2 more shares.

I think that the BitThink meant to say that you're only receiving 1 BTC for all of the work maintaining mining and for the server costs and that you are't getting enough for your efforts.

Thanks, but it didn't come off that way to me. I would hope to hear him clear that up, maybe I didn't understand it properly.

please reserve 1 for me, I'll make a payment during the next hour, but I'd like to pay directly in BTC for 1 week subscription, is it OK for you?

Reserved 1 for you, that is fine.

I will send you my address now.

"But what you get is at best 1 BTC per week - all the maintaing and server costs. I don't think that justify your efforts"

He was being nice and saying you deserve more, ....."at best"   so at the most you will only get 1btc,  that is not enough for all your efforts.   100% that means he thinks you should have more than 1btc.

Oh, gotchya. I didn't take it that way for some reason.  I got a lot of black screens going on here so a little intense, but I can manage :)

There are 2 shares still available. 2 Shares did not complete reserved payment for 48 hours - notification was sent.

Now available 2 Shares. PM ME for subscription link.

PM Sent

Thanks a lot for your helping to clarify. Yes, what I mean is that only get 1 BTC per week for maintaining 200 servers does seem too little. Maco seems said he would dedicate to this full time, which seems not practical to me. No offense intended, sorry if my expression is not clear enough.

Thanks BitThink.

Announcement to all:
All shares are sold and unavailable for this week... except for 1 person whom I am awaiting payment from.
If payment doesn't come in today, next person will be sent a message on the waiting list.  (I did my due diligence by reserving it)

Please let me know if you want to join the waiting list for immediate updates when a spot opens up.

Thank you for supporting and investing in this with me. I will keep everyone updated as we progress.
-Maco

Announcement to ALL subscribers that own weekly shares.

We are currently pacing 200 XPM earnings per day. Currently, the difficulty going up at a faster rate,
and earnings of XPM per block is going down, averaging around 10.44 XPM most parts of the day.  

I will begin deploying more servers in the next 48-72 hours + and this will go on day in and out for the life of the shares of 50+

First- I am retracting the Wednesday Dividends since it wouldn't be fair for me, (to dispense coins that are immature) plus, 98% of the shares sold were on Sunday (the 18th) so, it will be logical for me to payout in 7 days. I will still have to handle confirmations (3-4 days maturity waiting period) for most of the mined XPM coins, but I can do that for now by paying out 7 days of the subscription date. I will make an announcement 1 day prior to payout, (Saturday), you can cancel or continue subscribing from there.

Dividends scheduled for 7 days from pay period (majority Sunday night ~ 08/25/2013) or 7 days from your payment day (08/24/2013) for Saturday.

Second- I under estimated the earnings a bit, but then again,
we aren't at full deployment due to a few reasons described below:

1) I do not have all the funds to deploy some more servers. I am waiting for the final funds to come through (for this week).
2) I am still lacking funds to deploy 200+ servers, as for some reason, I would need 2-3 more weeks of funds, I can't cover the costs all at once.

Third- I need all the support I can get! If you, as the investor, could help in anyway.. I would say.. stick around for a bit, and hang onto any Earned XPM coins. I wouldn't use these for current exchange rates today, but for the future resell value that it offers you. For the small investment I proposed, share holders will see a success rate, even at the current rate.  I need your help in riding this out as long as you can! to help me get more server deployments.  After all, this is a private pool, and we aren't on the same program as ypool, trust me, that wasn't a profitable venture for me or anyone I know.

So, this is really the only method available for us, investors, to generate coins. After all, difficulty is shooting up faster than ever, and XPM rewards are dropping significantly... What does that mean for you, and I as early adopters? You can mine without the heavy overheads, headaches, or maintenance that goes with mining, and... you are ahead of the major market that could play a new role into Primecoin, with more users that jump on board, in the near future.

To sum it up, it has been a decent 2-3 days in progress, and I am ready to deploy more as soon as the funds come in.
And anyone who wants shares, you can PM me the amount of shares you want, and I can add you to the waiting list for the next available share spot.

Note: I did notice some early subscriber cancellations. I do not blame you, you want results, and I will bring them, but this isn't a get rich scheme...
we must stay persistent, continuously expand, and work as a team. Primecoin is a long-term coin... I see a horizon for a reason, let's work together, shall we?

Note #2: If you are a Round #1 subscriber, and in the future price per subscriber/share increases to 1.0/BTC + a week, you won't be obligated to pay the difference or subscribe for more of a cost. Only for the amount of shares you pick up at that current pricing state. We need to expand our mining power to earn as much as we can today. That is the goal, before rewards start dropping to 9 XPM per block, 8... 7... 6... 5, etc. So, any subscribers who stick around, do not pay more, if the share cost goes up!

Thank you once again for investing, and lets continue to work together to achieve more!

I think we subscribers understand that this operation will take a bit of tweaking to get going at full speed, and are willing to give you every chance to do that.

However:


This is simply not true.  Anyone who believes in the long-term future of Primecoin can buy them at an exchange.  A bought coin is the same as a mined coin, and will yield the same profit.

Let's work through an example using a recent price at mcxNOW, namely 1 XPM = .007 BTC.  For the .5 BTC per week subscription, I could buy 70 XPM per week, or 10 XPM / day.  If mining yields more than 10 XPM per share per day, then I am better off mining than buying.

If mining yields less than 10 XPM per share per day, then we are all better off buying XPM than mining.


Divided by 50 shares, that sounds like 4 XPM per share per day.  Can you get this up to 10 XPM per share per day?  Seriously, the subscribers do not need 4 XPM per share per day plus a pep talk about the long-term potential of Primecoin, they need 10 XPM per share per day.

It sounds like you have to rent the servers a month at a time, but the funds are coming in week by week, so you can't deploy all the servers at the beginning.  Is that correct?  If so, you should have told people up front that they would be mining at a loss for the first few weeks.

What we really need is a spreadsheet showing how this operation gets up to 10 XPM per share per day as new servers are deployed.  I'd be happy to prepare such a spreadsheet, if you will give me some information, such as cost per server and XPM per server per day.

I've invested my 1 share :)
If all goes well I'll consider investing a lot more next time round.
I suppose we're at the mercy of the difficulty levels?

I think we can achieve and pass 10 XPM this week, and maybe I didn't word the deployment part properly. I want to do more than 200+ servers... so, in essence, we are at 5 XPM per share without full deployment (half way there) and we are going to surpass 10 XPM within a few days (I hope)... but rewards are going down too daily, so that is another challenge, but we should be able to overcome that.

I have deployed servers in the beginning but receiving the funds to pay for the servers has been a delay.
We are currently operating at about 100+ servers... and have more to go in the next couple days.

This is just an announcement so you know what is happening. I am the type of person who keeps an open communication.

No, you are being evasive.  Lots of words, not much information.


No, we are currently operating at some specific number of servers.  Is it 95?  Is it 105?  Why not just tell us?


Surely the subscriptions will pay for some specific number of servers, no more, no less.  Is it 190?  Is it 210?  Just divide the total income by the cost per server.


Do you realize how bad that sounds?

Let us help you.  Just give us straight answers.  We'll build the spreadsheets and profitability models, and you can focus on running the servers.

x1000000 I knew the ramp up would take a few days but this is like false advertising to me.

I would have bought way fewer shares if I knew this was going to be the case. I figured the 8xpm/day was what we would be generating at the start and then it would progress upward.

If you give me you pool configuration info, what software you use, etc. I will contribute the power of my 3570K @ 4GHz to help, even if it is just a drop in the bucket. Ypool was giving total shit returns anyway especially after their latest share value update.

You have to understand... even if I say something to sounds bad, doesn't mean it needs to be 'bad'... I think it is fine to have less investors, why do you think I set a limit at 50 ? so, if people aren't interested, they can exit anytime without subscription... or they can continue if they are happy. That is clearly a choice of yours. But if you do not try, you don't know... same goes with me... we are all learning something new daily with Primecoin.

The reality is... block earning is going downwards, and if you unsubscribe, but in the future (when I am in full deployment) and you decide to come back, earnings of XPM will have dropped.  Today it is 10.44-10.46 XPM, tomorrow it could be 9... or 8 or 7 XPM (per block) - can I control it? No, I cannot.  It is based on the demand of miners.  

I am filling the glass up with water, without asking for much on your end as a subscriber.  I am giving straight answers more than you think, and my announcement is only an update of what is going, so you all know. I have deployed another 2+ servers since my last post, so consider my last post as old data. It wouldn't be right for me to tell you exactly, when that is just have how many I had 1-2 hours ago.

Note: I have deployed my own READY servers (4+ weeks of my personal server farm -- now dedicated to this project)... This was turned ON after subscribers joined, and the new wallet was added to the base. I did not mention this anywhere, but it was done... how do you think we earned XPM that we did? By the way, I think we would have been at 25-50 XPM earned if I had not had those servers ready from the start. The funds also had a delay which I did not expect to happen. I do not control payment processing, and I have acted quickly on it to fund this project.

Sure, I need subscribers, and I Thank all those who invested in my business proposition.
But it isn't fair to jump into so many different conclusions without even assessing the results yet.

Just relax, data will come... I was making a swift announcement. Thank you all for investing!

How was it false advertising? enlighten me. Did you know I was running about 25-50 servers out of my own cost, right off the bat? In fact, I mined 3 blocks without using the new wallet yet since I wasn't fast enough to implement the new wallet. I still need to add about 31.55 XPM to the pool. So, before we get a little jumpy, give credit where credit is due. If I was mining 8-10 blocks, and I disabled it for the expansion of these servers, why aren't we a little more flexible on what you say or how you say it? 

And No, I will not disclose server information at this time. You have to understand, there is security involved in this section. I RUN a server farm...
for security purposes, I will not be disclosing financials or server details anything further than what is available from the start.

Thanks for buying, but who said 8 XPM/day is what you are going to earn?  We need to stop jumping the gun so quickly, it has NOT been a full three days yet.

I need investors to grow this.. it is a team thing! and Thanks to all for buying, but do not take offense to my comments. I am transparent and open, but there needs to be a fine line... This isn't just an investment you will see an outcome later, I am bringing in results today. You do not have to wait months and months for pre-orders or anything out of the ordinary.  All I am asking is, provide me some flexibility to do my job, and I will deliver to you all.

Again, Thank you all for investing, and do not take it the wrong way if I am not clear with exact numbers. I would be lying to you, if I did have exact numbers because every minute, that data is turning old. I will have concrete information within a few days.

I think that "for some reason" no one should ever trust you with their money again.

8-16 XPM per day was on your web page. A couple of days ago, I asked whether it was based on 200 severs and when could all servers be deployed. You answered yes and all servers would be deployed in 48 hours.

You've done something, adding your own servers, to compensate the delay. But it will not be enough to keep the confidence of the investors if the dividend turns out to be far below 8XPM per day. Wish you good luck and that does not happen.

This.

Wow has your tone changed after you received our money.


It's false because you advertised "400 - 800" a day when in reality it's now closer to half of that. That's blatantly swindling people out of money to fund your operation.


Yeah, I run a server farm too. I run one for one of the largest healthcare organizations in an entire state. There is absolutely nothing insecure about telling people "We use IBM Power 7 series hardware and supplement with blades as we need. We have approximately 10 full frames and 30 blades."

OMG SECURITY BREACH HIT THE EMERGENCY STOP BUTTON NOW.


You did. 400 - 800 XPM/day. 1 share = 2%. Let's see, let me break out my calculator OH LOOK AT THAT THE WORST CASE IS 8 XPM A DAY.


No. You need to honor the people who gave you money. Everything you're doing right now is supported by us. If you needed flexibility you should have covered your butt before you started looking for hand outs.


You did lie.

I want you to return/refund my bitcoin and you can find a new buyer for your shares.

The subscribers are coming up on a decision... to cancel or not to cancel.  We will base that decision on whatever information we have.  If you don't want people to cancel, you have to give them a reason not to cancel.


But you're not telling us what they are.


Here's how you do it.  You say "As of today, we have X1 servers mining an average of Y1 XPM per day per server."  Yes, we know the information is out of date by the time we read it.  We don't care.

Then the next day, you say "Now we have X2 servers mining an average of Y2 XPM per day per server." 

And so forth.  And the subscribers think "Ah, yes, there is a trend here, we are not profitable yet, but we will be in 3 more days."  Or whatever the numbers suggest.


If you give us actual information day by day, you will build trust.  If you are evasive and promise to give us information at an indefinite time in the future, you create suspicion.  If the subscribers don't have confidence in you, they will cancel.

For what it's worth I've been talking to Maco in PMs. I would have prefered it be here but that's how it went down.

He said he would post an update. Hopefully that will be soon...

Maco, I trust you for now (I have 2 shares). Please make it work before a GPU miner for Primecoin is ready  ;).

Currently running servers:
Expensive ~ pay as you go of 83 Instance Servers from Amazon EC2
(deploying more of these as we go - except to reach 100)
25 Dedicated Server Boxes (of my own)
37 from a few other VPS providers
Problem host: 20 VPS

The Problem:
Yesterday, I launched 100 servers on a VPS provider and after about 12 hours or so.. we were  asked  to shut down our servers or take action to comply with CPU Usage. I currently am complying  with the company, and they have provided partial refund, and I made an agreement with them, and they are working with me in the refund processing. However, they have allowed me to keep 20 servers for the time being... we kept these up with that host.

Meanwhile, I have launched tremendous amounts of pay as you go servers (that will be a backup source) Amazon EC2 - I am riding Amazon EC2 the entire way until I can get another solution to replace it. We all know Amazon EC2 is not cheap on a long scale, but this was my only Safety net to save the investors on time.

I found another alternative server provider; however, to go with which is going to help me keep my cost down to launch more servers, setup takes about 1 hour for each server, and I am currently at 10+ deployment. Amazon EC2 might be our only shot at the moment, and we won't be able to launch all of those, since the cost will be way over budget in a shorter period of time.

I have used Amazon EC2 ever since day 1, as a backup until we have full deployment of the other VPS, but knowing this did not work out, I am going to launch more EC2 instances, even tho it will be expensive, but it will still generate results, until I can figure out an alternative, and cost-effective way to run more servers.

Here is what the Host said:
"It has come to our attention that all of your servers are using around 800% CPU usage. This is negatively impacting the host. We must ask that you please take appropriate steps to reduce your CPU usage, and update this ticket with the steps you have taken."

Solution to the problem:
The only way I can do this is to make it up by giving all subscribers an additional 2 days of
Free Mining on the house. If you cancel, you still are rewarded by 2 additional days from (your payment date).
Dividends will be paid out on Sunday, and I can add another dividends for an additional 2 days.  
How am I making up the time frame? I have deployed very costly EC2.  I will let you know progress by/or/before Saturday.

I will launch more EC2 Instances so we do not face any down time...
however, I can only do this so much until I reach a budget cap. I can do max another additional 20 or 30 Instance servers for the next few days,
meanwhile, I will deploy additional VPS servers that will not bury me in over-spending, and lower our chances of increased Consumption power,
which lowers our chances of mining more primecoin XPM. Everyone has challenges ahead, any business or idea. I am coming up ways to overcome them quickly and more effectively than what history shows. I do not sleep the extra 4 hours because I need to make this work for us! well, before Primecoin, hits the top of the charts.

I am open to hearing out if any of you have ideas or solutions.

Wish me luck with the new host, as I still have some doubt that once I deploy X amount of VPS that consume a lot of their CPU power, they may ask us to leave. I will see in the next 12 hours if I receive any problems. Otherwise, we will just go all the way with EC2 and earn what we can. I will report on Saturday if this will be a continued venture.

Like I said, I didn't expect this challenge as this primary host has never given me a single problem until now, but we are launched with a backup source at a much higher rate, so lets see how it goes for now until I can patch up the new solution.

How about getting a dedicated server instead of VPS

Good advice but it isn't going to work for this plan.  It is too large of a risk for probably worse or lower rewards than we are seeing now. I wouldn't be able to pull this off in a short period of time (as I can quick enough with it now)...  See, the idea-and-plan here was to use my dedicated's now as a booster to the cloud/vps/ssd servers. The reason is because we power level the consumption of mining all together by using it as one wallet.

From my own testing and what I've seen proven to work - There are major benefits to using one wallet.  The CPU consumption seems to work all together, acting as a Single, Multi-Powered, with all your servers connected.  << my analogy. I have bridged my network with 10,000 keypools, and have triggered it... but in short, I do not think more dedicated would do the trick.  The nice thing about EC2, is that they allow the CPU consumption and are 100% with you and supportive - however, our cost is going to be larger - but then again, we get results with Amazon... Most of my servers range from 0.70 to 1.6 chainsperday with Amazon's service which in my opinion is good. I am trying to make it a happy medium with a lower cost to launch more instances/servers so we can mine all together at a larger rate. It seems like for now, I am going to handle the costs of budget with EC2 and try this new host (well see how it goes, I have about 10 up now) and I will ride this out.

I will keep you all updated as I move forward.

You could virtualize yourself and thus cutting the middle man reducing cost and setup time. (Once a vm is created you can just duplicate it)

Which provider?  have any examples I can look at?

I have done snapshots/clones of instances... is this what you are referring to?

.5 BTC per week seems a little steep... Am I missing something?

Maco, on EC2, are you running Spot instances or On-demand instances?

I bought 8 shares a few days ago, so what would be the current status of them? When are they paying out?

I'm considering your service as an option, if/and when you open it up to more people to buy shares.
But, I think you need to provide more specific information as indicated by Olenader here.

In other words instead of saying you've deployed 10+ servers or vps or whatever, why not just say 'I've deployed 14 vps instances' why are you being vague about that? If its a continual process, say so, nothing wrong with giving an update when you're in the process.

Sounds like you didn't accurately calculate the costs of obtaining the additional hardware when you started this. Do you have a business plan? I would love to see it, and I think others would as well. What you have posted is definitely not a business plan, its more of a wish list if anything.

Have you calculated the cost/benefit value for deploying vps instances vs running dedicated hardware? What are these calculations? I would love to see them. If you haven't done this very minimal step, then I'm going to be very reluctant to invest my coins in this venture.

So like I said, I'm interested, but need very specific information before I buy any shares.

What about Google Compute Engine?, could it be cheaper and/or better?

GCE and AWS seem to be more or less competitive for on-demand servers:

   http://sandhill.com/article/aws-vs-google-compute-engine-who-trumps-whom/

However, AWS offers ways to reduce the cost per hour significantly with a yearly contract.  The spot instances can be a great bargain... for example, a 2-core high CPU instance has an on-demand price of .145 / hr, but a spot price of .018 / hr.

Thanks for all your feedback so far and being an investor.

I have some results to report for those of you who want to decide to stay with or cancel and move without. As you know, we did face some challenges in this launch to expansion, and I underestimated the results as I have seen growth in and out very inconsistently. Even with the expansion of Amazon EC2, my own load of Dedicated + VPS, and some other new VPS providers we expanded on, we were running at a capacity of 185 servers ~  give or take. However, we did drop to about 80 at one point and kept it with a backup source of EC2 to stabilize some trends.

There were only 49 shares accounted for as 1 reserve did not make the payment - including me that is 50 shares of dividends that will be made Sunday night, only 50 shares in total. I am going to continue to keep the mining running past Sunday for another 2 days to make up the delays and earn you some extra coins for the issues at stake in the beginning of this venture.

Q) Which is better? Spot Instance vs Regular EC2 Instance
A) The problem I have noticed with Spot Instance, is that it is never consistent. Normally, I get out-bid by someone with deeper pockets, shuts down our servers, and puts it in 'back of the line' as we are mining up the chain. I kept it steady with EC2 Guaranteed Instances so that we do not experience any downtime. I have split them among medium and large (HIGH performance CPU) c1.medium/c1.large instances as well as Spot Instances as backup.


Here is some screenshots of current wallet progress:

http://xpmcoin.com/minez2.png
http://xpmcoin.com/minez3.png
http://xpmcoin.com/walletbalance.png

Stats:
Currently we have 940.28 + 31.65 before new wallet = 971.93 earned XPM Coins and payouts will happen
Late night on Sunday to earn as much as possible. Second payouts will happen 2 days after Sunday, on Tuesday.

We have not tested HP10 as of yet, as this is suppose to be the next thing to cause the mining up spike in earning droppings.
If you would like to continue, surely have some coins available in your subscription account. We may keep the shares down lower this time to the amounts lower. Please remember to have your BTC available on coinbase if you would like to continue. If not, simply go to coinbase and click subscription and cancel. If this was not a investment you want to move forward with, thanks for giving us a try anyways.. Otherwise, thank you again for investing and sticking around for week 2.  We will continue to use EC2 until full deployment of the lower/more affordable solution is presented. At the time, it seems like our current systems/setup have been doing a decent job but still under what I was estimating as my personal results not too long ago. I have been split testing for the last 2 months. We will not be increasing the subscription for anyone, and maybe might contain at a lower share level to help investors who stick around maximize the most out of their investment for week two.

Beware before investing... Difficulty is greatly increasing and has increased from the time we started. Especially with full
deployment of HP10, we expect it to be at a greater earning drop for anyone mining, with or without this service.

Feel free to ask questions via pm or here. I will send out payouts.

Link to the New HP10: https://bitcointalk.org/index.php?topic=255782.0
is being deployed and worked on as we speak. As others are reporting... difficulty is surely on the rise at a fast pace.

Thanks!

Let's break this out, per share.  We have approx. 1000 XPM mined, divided by 50 shares = 20 XPM / share.

Assume that this represents 4 days of mining, or 5 XPM / share / day.  We get another 3 days, Sunday, Monday and Tuesday, for an extra 15 XPM, or 35 XPM total / share.

Current price at mcxNOW is about .0064 x 35 XPM = .225 BTC return for .5 BTC invested.

So this venture is unprofitable by a factor of 2, for roughly a 50% loss of any BTC invested.

There is some guesswork here, so please correct me if I'm wrong, but if a 50% loss is the right order of magnitude, it will take more than a bit of tweaking to make this profitable.

I am all out. This is half as many as the lowest amount "estimated" on the order page. Ridiculous and clearly was not planned out adequately to be taking investors' money.

I failed to deliver the initial goal. I propose this similar to kickstarter, except we can actually earn something from it if it doesn't fully happen.  
My initial tests showed a larger amount of earnings if we deployed more servers when I was clearly wrong, and I am working on the bugs.  

I deployed a few extra servers on my own investment and started earning more blocks thinking we could do the same here. I can admit, the challenges ahead I was not prepared for... however, I recovered with a backup plan. Note: Less servers were deployed because of the mishap with the initial investment opportunity, and that opportunity is no longer an opportunity as we were clearly shut down by the host.

But how can you claim something is good or bad without trying?
You have the right to voice/express your opinion, no doubt. If you did not think this was worth your time to move forward, you can cancel out... I gave you a no obligation cancellation. I am disappointed that we did reach the goal, but as you can see, I am trying to work out the bugs of where I failed... and give back with a solution as presented, or if you can offer a alternative solution, I AM HAPPY to hear it.

I have implemented HP10, not sure if this will be a tremendous difference but we will see.

Here is our new chainsperday stats... this is a pretty big improvement from our previous results.

Every 5.0s: primecoind getmininginfo & primecoind l...  Sun Aug 25 06:10:24 2013

{
    "blocks" : 132952,
    "chainspermin" : 20,
    "chainsperday" : 2.51289462,

Every 5.0s: primecoind getmininginfo & primecoind l...  Sun Aug 25 06:10:31 2013

{
    "blocks" : 132952,
    "chainspermin" : 15,
    "chainsperday" : 2.52884065,

And in terms of exchange pricing, no one expects the price to go down or up...

so what if the price went to 0.015 per XPM again, would you then be doing the math how this was a success and spreading the word for me? Off course not, or most people wouldn't... because the demand would increase for this service, meaning more shares, and increased prices. So touting about the loss in the current exchange price is unfair. I didn't even bother calculating exchange prices because I know there is no sense in building hype of the 0.009 price jump a few days prior to this launch or when it was 0.018 a few weeks ago.

I hope you stick around because I am going to work twice as hard to improve in the upcoming week, and if you do not, I understand and respect your decision.

Yes, of course!  Instead of cancelling, I'd be trying to buy more shares.

If you're going to deal with investors, you have to run this thing like a business, and that means multiplying your XPM by the exchange rate to find out whether you're profitable.  If you're losing money, stop mining.  You're better off buying from an exchange.  It really is that simple.

You are not right on that. If you had purchased XPM the date of the proposal instead of investing in mining you would also have lost value. We must use the price of XPM on the date-time of the proposal. Or better, we must not convert the dividends to BTC, but  just compare the amount of XPM that we will get with the amount that we (and he) expected as a minimum.

Anyway, there will be notable loss this first week. The question now is trying to analyze data correctly for next week.

Congratulations maco on killing BTC12.5.

Straight out of our economy and right back in to US fiat.

Good Job. At this rate we won't need any of the conspiracies/legislation that threatens BTC. We just need to let you run things.

Out. out. OUT. OUTTTTTTTT.

OK, go back to the original post, and see the estimate of 8 - 16 XPM per share per day.  The minimum is 8.

Or take last week's exchange rate of about .0075, divide that into .50 XPM and you get about 9 XPM per share per day that you could get by not mining at all and just buying at an exchange.  At the time, profitability seemed plausible... a little tweaking to get the XPM per share per day closer to 16 than to 8, maybe space out the selling a bit and get a higher average price than .0075.


Not much data to analyze, and that is the real failure of this venture.  I've already passed the cancel / renew decision point, and I don't know what today's dividend will be, much less Tuesday's.  My best estimate is that we made about 5 XPM per share per day.  Not 8 - 16, not 9, but 5.  I suppose we won't know until Tuesday.

23.0 XPM received.  I assume this is the Sunday dividend.

Note that this is a round number, and unlikely to be the result of actually doing the math and dividing total XPM mined by the number of shares.

Oh wow 3XPM per day... just less than 38% of the lowest amount estimated, and at the current exchange rate a 72% loss.

Also 23 and 3 can't be properly divided

What a complete space cadet this guy was. We basically paid him to learn to deploy virtual servers and find out he can't do basic math. Thoroughly pissed about this chumps complete lack of the basic skills required to even communicate with people. Not to mention the blatant lies he made on top of shoveling all the repercussions from his own inability and lack of planning on to the investors.

What an utter failure. Anyway we can get this guy blacklisted as a scammer?

I left him a negative trust rating. I now notice there was a rating from 3 weeks ago saying he pulled this same bullshit but it isn't in my 'trust network' or whatever so I didn't see it before, sigh.

Well, seems like I may have lost out on a bit of BTC. Not too bothered, I new it was a risk and I only invested what I was willing to lose. You guys all want to just get rich quick! I'm just happy to have supported the XPM network 'hashrate'
I have not yet received my share of the XPM though :(

My own estimates based on what? He didn't post any info about how many blocks he was finding until after the subscriptions were sold, and I don't understand how my estimate is supposed to come up with 70% less than his lowest estimate. My estimates said somewhere between -30% and +60% profit if he didn't lie in his ad, not -72%!! There is a non-zero chance that he scammed us because he sent out integer amounts of XPM per share -- he could have easily just purchased these instead of mining.

Okay. It is time to address a few things.

A) I lost on my own investment... you think I made it out with no scratches?  I lost big time on this investment maybe a few snapshots of my TOTAL costs would be enough to put an end to this madness, but I can understand why you would take the route you are talking about because you expected to earn more, and surely, my personal results and estimates did not make it through.

Why is the XPM exchange rate going down? Not sure exactly, but I believe it is due to the fact that MINING is EXPENSIVE. No doubt about it. Even the 1st and 2nd week of Primecoin Official Release where mining was nearly impossible even at that time and even with VPS, it wasn't affordable.

An estimate is simply an estimate, and I have stated enough information all over this thread and my site, in order for you to make your own estimate and educated guesses. We faced a challenge of the new host, and I made the executive decision to go with Amazon EC2 (pricey servers) because no host would allow us to deploy the amount we were doing.

I didn't say you would go home rich after this. I simply stated this is something I want to try, and if you give it a try with me, then lets see what happens. I didn't over hype and I didn't try to under sell... Challenges happen in every business... I have been mining primecoin since release... and its been a bumpy ride for everyone. Even if I had the best optimizations, there was a lot of things working against this plan, timing, exchange prices, difficulty rate, and new HP10 release (which dropped earnings daily)

1) Exchange prices going down - This seriously made a negative impact because a few days prior to release of coins, the prices dropped by a lot, and perception is everything so some of you perceived it that way... I get it, at the time of exchange of receiving coins, it was not looking good as an investment.

2) Affordable Host was a challenge...
My own servers cost $2,000/month Rounded up (batch of 50)
That itself is $500/week all dedicated for this investment in hopes to take off... It is a first release, either it goes forward or it doesn't.
I tried host after host even after the main setup of servers, and we were getting rejected in all corners of the street, so I kept EC2 online during this problem.

Plan A) failed because once we expanded to 130+ new servers, we were immediately asked to shut down by the new host providers.

I'll post this again if you missed it:
"It has come to our attention that all of your servers are using around 800% CPU usage. This is negatively impacting the host. We must ask that you please take appropriate steps to reduce your CPU usage, and update this ticket with the steps you have taken." - server host.

Plan B) Go to EC2 until we find an affordable rate elsewhere. I have tried Google Compute, but it doesn't match up in Spot Instance pricing; however, Amazon charges $0.5*/hour estimated for c1 large (non spot instance)... I had to run these for stability in the up rising of the block chains. Spot Instances Problem? and why even if I did deploy many of these, it would get cut off, and cause desync issues... Why would we desync? Because spot instances shut down normally after a few hours since someone beats us in price. This has happened on so many occasions but I put up with it. I would say testing daily has been my experience to know I have desynced a few times with Amazon EC2, and having servers go on and off isn't going to help us in mining, so I streamlined them accordingly from both: Non Spot Instance and Spot Instance of C1.Large

Look, I understand you may be frustrated because I am EXTREMELY frustrated that I lost in coins that I was mining myself, which added to this plan as a private pool, only to find out the goal I set was not achieved, and lose of future investments, and not looking good for the community.

Do you think I wanted all of this to happen? Heck no. I have given 100% back to the community... I am closing this offer completely off moving forward until I can figure out an affordable solution and a way to get better results or maybe this will never move forward.

Why was it a fixed integer?
Easy.. because why should I give you .5 XPM less per share if you owned more than that? I was the captain of the ship, and if I could do more, I would... and this is a negative to people? Really? come on.. give me a break, I rounded up on purpose. In addition to all that, I have been spending money for these 2 additional days of paying for EC2 Instances, which is a total loss for me, putting me past the budget. Instead of being more supportive and providing solution to the service and ideas to fix problems, all I heard was things that did not solve anything. I provided a solution, people listened, and some didn't.. but we never went anywhere in the right direction. I offered you to jump in with your idea, and not an idea was presented, so I went with PLAN B) Amazon EC2 as you know it was costly -- I said okay, I will take on the risk factor to spend more to deliver, that is fine. Off course I mined them, I posted them here: https://bitcointalk.org/index.php?topic=276454.msg3002447#msg3002447

Go ahead... say what you want. I did what I can, It didn't work out... and I still delivered coins on Sunday, right? I showed you screenshots... and today was the final 2 days of FREE mining on the house, as I stated, and this will be delivered soon.

There is a couple people I am missing to send transaction/XPM to because they sent me BTC address not XPM. I have sent you an emails, please respond via pm or email.

I haven't even made up the 2 days free yet and you guys decided to say what you said without evaluating the entire service yet... that is uncalled for in all grounds, I didn't even finish my job, the same thing happened on the announcement on Tuesday, when I was letting you know we are extending dividend payouts from Wednesday instead of Sunday. This was very impulsive and uncalled for right off the bat. I took it as constructive criticism and I went ahead with Plan B) Amazon EC2

Conclusion, maybe I was not the right guy for it... or maybe I was... it is clearly your opinion.

Thanks again for all your support in this venture.

Yep, it was very optimistic project from the start! That's why I invested my 0.5BTC with you, because you seem extra keen to get the job done, and not because I thought my $50 worth of bitcoins was going to suddenly multiply into $$hundreds in a week!!
Yeah, I could have made a couple more $$ if I had just exchanged it on the market but where's the fun in that :)

Thank's for giving it a good trial, I now know that mining these CPU hungry coins in the Amazon EC2 cloud is very risky!

All the best for the future, and thanks for contributing to the community :)

Thanks for being realistic revilo.

People jumped the gun on me throughout the entire week without even allowing me to finish the job/service.
Once again, I have sent out the final for Monday & Tuesday, again I rounded up the number.

If I missed you on the final dividends of the free service, or the couple others who I am still waiting on responses
from about Sunday's payout, please send me a message or email with the same address and I will look into it.

Thank you.

Since maco would rather whine about ungrateful subscribers than provide useful information, here's a recap of this venture, per share:


XPM mined compared to original estimate

Sunday dividend: 23 XPM
Tuesday dividend: 8 XPM

Total dividends: 31 XPM for 7 days mining, or 4.43 XPM per day

Original estimate: 8 to 16 XPM per day (these estimates have since been deleted from the original posts). 

Actual results are 55% of the low end of the estimate.

Note that the high estimate is twice the low estimate.  With such a wide range between the high and the low, it is reasonable to expect that the actual results would be somewhere in between, and prudent to invest based on the low end.


Profit or loss expressed in BTC

Subscription: .50 BTC

Value of 31 XPM at end of week = 31 * .0055 = .17 BTC for a 66% loss
Value of 31 XPM at beginning of week = 31 *.0075 = .23 BTC for a 54% loss



OK, the job is finished and the results are in.  If it wasn't fair to criticize earlier, it's certainly fair now.

For starters maco you are probably one of the most oblivious people on the face of the Earth right now - assuming you don't live on the moon. A fact that would not surprise me.


Well boo who for you. It doesn't change the fact that you lied, bold-faced to everyone who you took money from. You don't even consider yourself in debt right now. Anyone with an OUNCE of credibility would see how disastrous this venture was and feel indebted to the people who put faith in them. You aren't an entrepreneur. You're a leech who lies and deceives and relies on the productivity of other people to fund your lifestyle.


No. You don't get it you baffoon. You don't advertise a rate and then tell people to do their own math to cover your ass. If that's your strategy you advertise what you can deliver (THAT MEANS HASH RATE). Then we do our own math predicting best case / worst case. You gave a projection you listed your best case and worst case. You. Failed. To. Deliver.

That's not our fault.


This isn't a business. This was you finding out you don't have a clue how to deploy and manage virtual servers. A trivial task for high school students and you failed. If has nothing to do with going home rich. No one who gave you money thought "Oh wow I'll give him .5 BTC and be a millionaire." The point is you slayed the investment. You didn't just fail. You gave back less than 65% what was put in to you. That is worse than government work.

You should be ashamed of yourself.


No one cares about this. You don't control that. This is not the point. All you do is deflect. Grow a spine, take responsibility.


And you should be paying us back out of your pocket with this investment.


That's your fault. Not ours.


I'll say it again, because you are clearly missing it:
That's your fault. Not ours.


Not only did you pull the rug out from under your investors but you changed how you said you were spending the money. That's fraud asshole. As soon as you had a problem you needed to offer investors back their money.


Oh boo fucking who for you again. You lost coins. Oh no let's comiserate. You didn't set a goal. You had a fantasy and you concealed that fact from the people who gave you money. You lied to let other people fund your daydream and it fell flat on it's face and it fell hard.


No I think you live in a fantasy world and you get other people to fund it. I think you're more upset that you lost your gravy train.


Give you a break? You can seriously look someone in the eye who gave you money and trusted you and then AFTER YOU FAIL TO DELIVER tell us to give you a break? Eat Shit.


A lobotomized circus chimpanzee could have flung it's poo at a poster board and made better choices than what you made. Your best is not good enough.  Live with that.


Why you would even more forward without making sure that was secure is beyond comprehension and further self-damning evidence that you are too inept to be trusted with anyone's money. Ever.


Yes. Please lecture us more about how unkind and unfair we are to you. You are the captain, just like you said, you ran the ship in to an iceberg under your direction and now you are lecturing the people who paid for your ship and your crew and your supplies because it's somehow our fault you crashed the ship. You are such a filthy dickhead.


You aren't even the right guy to butter toast. I'm surprised you figured out how to breath.

die in a fire.

I think you guys are being a bit harsh on him to be honest.

This venture was an investment, with any investment there is risk. He didn't borrow the money from you, he shared in the risk along with you.

Now, that being said, he didn't do the proper math on this from the start. There wasn't a clear business plan showing the ROI etc.. And the fact that he was doing a subscription based investment plan was rather strange.

To set up a business that is supposed to go from start up to a decent ROI in one to two weeks is extremely wishful thinking at best.

You guys invested with him, without the proper information to back up his claims. Shame on you. Don't blame him because you didn't do your due diligence and verify what he was telling you.

The reality is that you invested approximately $50 per share per week you were involved. Did you lose all that much in actual cash?

There is not a business venture ever where the person starting it isn't basing his numbers on best case situation. Look at any business venture on the stock market, if you doubt what I'm saying. And people who invest in those and lose, definitely lose more than $50.

If you didn't learn anything from this, then you did in fact experience a loss. My hope is that you chalk this up to a learning experience, and remember it for the next time when you're investing bigger amounts.

lol

If the market price of XPM had unexpectedly shot up and the difficulty had dropped slightly then we'd all have made some nice profit. But it didn't, because it was a risk that people decided to take. Don't worry about it mate. Chill out, have a herb tea and a sit down or something!

and now the coin's price is dropping drastically. oh no. ::)

Wrong.  This is Blaming the Victim.  It's reasonable for the subscribers to expect that maco knows more about mining XPM than they do, else nothing about this venture makes any sense.


Wrong.  Much of the investment world runs on worst-case scenarios.  Here maco gave a wide range of estimates, 8 to 16 XPM per day per share.  People are not complaining because they didn't get 16 XPM per day.  They're complaining because they didn't get anywhere near 8 XPM per day, the low end of the estimate.

You're confusing dollar amounts with percentages.  People aren't complaining because they lost part of $50.  They're complaining because they lost 50% in one week.  That's a spectacularly bad investment.  Yeah, it's possible to do that badly in the stock market, but you'd really have to work at it.  You couldn't do it by throwing darts at the stock pages, you'd have to find a really bad stock and buy it at exactly the wrong time.  (Anyway, if I knew how to find a stock that bad, I'd sell it short.)

Oleander has got it.

This isn't about the investment this is about the blatant lying/mismanagement then having it thrown back in our faces.

He externalized all of his risk and misled everyone about how much risk their was. He is either extremely stupid or extremely insidious. Either way he is unfit and I can't understand why he is being defended.

This person has literally destroyed value.