Except most who bought AMD already got ROI. So they probably don't care about the declining DAG speeds.  While the ones who bought the 1080Ti at $800 USD will start crying when that GPU is only pulling in $1/day. 800 day ROI.

IF you are bored

https://archive.litecointalk.org/index.php?topic=11743

He made good money in Nov-Dec 2013. Got greedy and kept buying more and more GPUs when bubble burst and became broke 6 months later and in debt.

By the way, I dont know if this was asked before but its a legit question.

With the huge altcoin sell off which is bringing BTC down. Why don't you guys offer USDT Tether as one of your altcoins? In times of crisis and bubbles bursting it seems like a safe haven compared to BTC.

Are there any regulations since its linked to the fiat US dollar?

I think within the next couple of weeks or months many people will stop gambling with altcoins due to the huge volatility. Especially what is happening in the last week in the alt-coins market.

Yes I know BTC also declined but not as badly as sold altcoins which are declining 15-20% daily, everyday.

I think that sites really should start to accept Tether USD for gambling. However I don't know if there are any regulations since its linked to the US fiat dollar.

I think back in the new days of Bitcoin 2012-2013 or so since the value was much less more and more people gambled with the Bitcoins. Because back then there wasn't much you would do with them.

Now there are many services and other altcoins so the total percentage is probably much much less however if you look at the amount of rolls and users registered on sites like Primedice, it shows you what huge amounts of BTC is gambled daily.

I would say its like 5% of total.

Well the only acceptable explaination right now would be that the owner died and couldn't tell us about the downtime.

Normally when you go on vacation you let people know or you bring your computer with you to make any server reboots changes.

Or when you do maintaince you normally let people know ahead of time or get it done ASAP sometime during the night so it doesn't affect your profits.

Either way its not looking good. Maybe exit scam?

Why would altcoins get dumped when the Segwit is related to Bitcoin?

I think the sell-off is more having to do with the ICOs like EOS cashing out.

There is probably about 20-30 million GPUs which are sold annually to gamers by Nvidia+AMD.

So most likely there will be a period where the people who maxed out their credit cards at 20% APR interest will need to dump at the lowest price they can get on eBay but eventually it will level out within time. Like it did for the Litecoin bust. I think 6 months after the crash, GPU pricing returned back to normal.

If you are bored here is a good history lesson.

https://archive.litecointalk.org/index.php?topic=11743

That guy basically started out mining in Nov-Dec 2013 when the mining was VERY PROFITABLE. He kept buying and buying and buying GPUs while others told him to wait. He eventually borrowed money from relatives to buy overpriced GPUs when the mining had turned. Then a few months later he ended up selling those $400 R9 280X for like $100 on eBay because he had to repay his debts.

So instead of him living with a healthy profit, he ended up with a huge loss due to greed.

Mine ETH and sell for USDT and you got yourself some Tether

Nice +15% difficulty gain and -15% price decline.

Those that bought Nvidia 1080Ti must be really feeling it...

Most likely the diff will remain at this rate for the next week while the block times stablize at ~18-19 secs. Usually diff spikes up and then stabilizes for the next week or so looking at

https://etherscan.io/chart/blocktime

Alright exciting times. My sell order filled at the $253 area a couple days ago and well into profit and covered a little since on the long term we are sitting or close to possible support which might or might not hold.

Looking at the 6H ETH/BTC chart. We Break important support at 0.093 ETH/BTC, which will probably be resistance. We might have possible support in the red shaded region ~0.085 ETH/BTC. Will watch that area for confirmation before I cover my short. If you look on the daily. The ~0.085 ETH/BTC area looks like the demand area for a bull flag that formed from 0.085-0.153 ETH/BTC. Looks like a good area to go long with confirmation.



Now looking at the ETH/USD chart. We are basically sitting on support @ 210. My guess is <$200 lots of stops under that. We will most likely at least test that area. That and there is huge trendline resistance. Overall for the long term Daily/Weekly, we are in a huge bull flag formation which can retest the May 2017 areas at ~ $100 ETH/USD

So wait until $210 breaks and then short or wait for a bounce from $210 and short at the trendline or ~230. I am pretty sure we will get some bull confirmation before we are suppose to go long, but for now just stay bearish.

When GPUs are going to be selling for $50 on eBay, nobody will be buying them including yourself because the profitability will suck.

The only people that will benefit from cheap GPUs are going to be gamers.

Choose

Pay $250 for a GPU that makes $10/day

Pay $50 for a GPU that makes $0.10/day

I wouldn't risk using his software either since its closed source. There are smart worm viruses out there and even if you use the software on your mining rigs which have no wallets or private keys or passwords. Since they are on your home network, it can crawl its way into your personal computer and start stealing info, keylogging, etc.

What you are mining is the most profitable, there is nothing else out there.

Enjoy your profits while they last. Next month we might get another halving of our daily profitability.

People tried this before with Bitcoin ASICs and they got a fine after 2-3 months when the office manager got their power bill.

If you read the contract, it says you can't abuse your electricity privilages even though its free.

This site in the last few months is really starting to go down-hill. Basically alot of downtime and alot of unplanned maintaince and alot of extended maintainance. That and also players having withdraw issues doesn't bode well.

It can either be innocence and they are just getting flooded with new gamblers due to ETH and BTC growth. Or it could be laziness and they don't want to fix these issues or take their time fixing these issues, or it could be a scam; which I am pretty sure it isn't.

Well dice is VERY easy to figure out how to play. And the autobot is even easier to learn how to program.

Problem is that casinos rely on gamblers like you, who think there is some "secret" strategy and how will you turn your 0.2 BTC into 0.4 BTC very easily.

However there is something called house edge and the more you roll the harder and harder it makes it to win your BTC.

Basically its no different than using leveraged margin in stock trading or on Bitmex. You don't have to use leverage at all but if you use leverage its a double edged sword.

If the site is doing well you are going to multiple your earnings with the amount of BTC you deposited, however if it has a bad period you can get quickly cleaned out .

Leverage is not bad if you generally don't trust the site and want to wager more but keep less BTC on the site. If it goes against you, you can always refill your bankroll.

Judging by the very small prices

4) Prize: 1st: 0.01 BTC || 2nd: 0.005 BTC || 3rd: 0.0025 BTC

I am wondering if you will be able to post proof or solvency and capital to signing a message from your cold storage wallet.

I understand that the site is new and you want to get as many wages as possible to build capital but some of your gamblers would like proof that this site will still exist in 6 or 12 months down the road.

Well last time he replied it was in January 2017 and yet this topic is still getting replies.

If you take the time to actually read the replies its the same post usually from every person. Typically just spamming or promoting their own sig. This topic really leaves no interest actually.

Some moderator should take over and either continue this thread or just lock it to prevent further useless spam.