This is a good thread.

The point that escrow should always been used when available and you should avoid situations where you can't.
BTC is has a terrible reputation for scammers and for good reason. The non reversible mechanic of bitcoin makes it a target.

Some items are difficult to escrow such as physical items.. but still possible. Use Escrow when you can folks from TRUSTED members.

yeah.. but the components needed to run those hardrives are going to eat power as well.

PSU, CPU, GPU, Ethernet, RAM all use electricity.

Maybe if you had a machine with a whole shitload of drives it could be profitable.. But a single or dual harddrive computer? I highly doubt!

This is one of the main reason that banks are militant or unaccepting of BTC.
I know I've had atleast 1 bank account closed due to BTC use.
Had some asshole charge me back $400 interac e-transfer and had to spill the beans that I had been trading BTC with him..
Now my SIN and email are banned from the interac e-transfer system and I have to find other means to buy/sell BTC..

Absolutly sucks ass.

Ahh, Going back and re-reading that it appears you are correct. That really sucks.
I hope not to many people got scammed by this site but I'm thinking they likely did.
Please be carefull folks about investing in sites like these.

Well, atleast as stated above they are honouring deposits and withdrawls and paying people out..

I wonder the true reasoning behind this seems like a cop-out to me.
Was this site ever proven to own hardware or was it an elaborate ponzi based theme?

I would have to vote nay on this matter..

I don't think their is any good reason to increase the block size so large at this point in time.
In the future I could see it being a good thing but as it sits right now I think it would just be a waste of resources.
Not to mention that if the block size goes up the transaction fees may as well.. Not something I can stand behind at the moment.

I think the time has come and gone for BURST being worth the electricity you put into it..
If you have a spare box going and free electricity I say go for it.. But for the most part I think you'll be mining at a loss.

That being said I do like the fact that BURST is something new.. so if you have space hard drives laying around.. go for it!

Its a great idea to unplug your miners during an electrical storm and maybe even uplug the PSU's and whatnot.

Electrical surges are TERRIBLE for any electrical equipment.. And I've lost a PC back in the day due to power surges.
I couldn't imagine losing my mining equipment to an in-insured act of god such as lightning.

I for one am sort of glad that FinCEN is cracking down on these shitty IPO coins to be honest.
FOr the most part their should never be a need for an IPO to launch your coin.

I honestly think this is a good thing and people may think twice about posting garbage IPO coins from now on.

See, the problem with physical goods is the fact that they are a bitch to ship and cumbersome to escrow.
As stated in the post above you should also really specify exactly what it is you intend to use as collateral.

I'd also advise not bothering getting into the mining game with such a small investment (or at all for that matter).
The days of small mining farms are basically done and most hobbyist miners (5 BTC won't buy you much) don't make a cent on them.

When you have a large forum like this it is nearly impossoble to eliminate all spam bots.. people will always find ways.
I think it boils down to maybe having more moderators patrolling different sub forums and looking for spam bot garbage.
Then maybe go about banning the IP's of those doing such activity and then go on from there.

It sounds like you might be having power issues.

I remember reading on the forums that if your powered USB hub isn't powerful enough or the adapter used it will cause some to malfunction.
Try taking a few of the USB sticks out and seeing if your hashrate improves a bit will be a way to troubleshoot it.

Is their any proof that these people even have any hashing hardware at all?

I'm quite weary of these "cloud mining" sites these days. It truly appears that alot of them are just nicely planned ponzi esque schemes.
Unfortunate there is no way to tell if this is a legitimate cloud mining service or not.. But my 0.02 BTC is going to guess that it likely isn't.

I would like to see this idea come to life in the near future..

Imagine being able to buy an upgradable minger tat instead of becoming obsolete you could just swap out the hashing banks (which would have built in on heatsinks or something to compensate for heat). You could have lets say 20 hashing banks per a miner and be able to have each hash bank have 8 chips or something of the like that are able to pin to the main board something like how modern CPUs are attached. Hell, Even have build your own miner kits and allow people to mix and match hash banks and cooling systems and you might be onto a really neat and succesful business idea for ASIC hardware in the near future.

Please state how much pay per 100 emails you would be willing to part with for compensation.
I would gladly take on this project if the pay rate was enough for me to justify the time spent on the project.
Please feel free to PM me if you would like to make your offer private, and get your user list you would like done and sent over.

Something tells me there are going to be alot of games from the "and..." category at the bottom.

This user is likely selling off humble bundle extras and or crappy games he doesn't want.
However, If the user wanted to sell me a working CS:GO key for 30 cents I'd gladly fork it over!

As always on the forums be careful. (Pssssst, OP sell me a CS:GO key for $0.30)

Good grab on that URL!

Often I look down on TLD squatters but in this case it certainly looks like you've got a winner there.
That site name has tons of potential and in the hands of the right developer could be a multi-million dollar site.
That being said I likely don't have the funds you are looking for but are going to start off the bidding anyways.

I'll start of the bidding at 0.01 BTC for it. This bid is good for 24 hours or until I am outbid.

Hey cabinetmaker. I understand you wanting to develop a coin and thought I'd lend a hand in your decision making.

By tthe sounds of it you have an idea for some sort of innovation in crypto and aren't looking to make a copy/paste pump and dump coin.
If you have an idea for a coin that you would like made, seek a developer that has a proven track record of good work.
These guys are not cheap.. And to get a coin built from "scratch" with some sort of innovation is going to cost alot of man hours and BTC.(+10BTC)
Many competent programmers in the Bitcoin ecosystem. But as you had mentioned in your original post finding a developer that won't backdoor things might be a problem. Sadly it seems that alot of people with programming knowledge use it for less than honorable deeds.

That being said I know a few developers that I would consider trustworthy, but they are likely balls deep on their own projects at the moment.

Perhaps you could create a post here calling developers to aid you in coin creation? Then decide who will be best for you to work with.

Price works out to 0.08BTC for 3.6GH/S.. Wow.

I think the days of USB miners even possibly pulling ROI is completely out of the picture.
I think these are neat little devices.. don't get me wrong. The design is neat and the speed is ok though.
Maybe for a collector of mining hardware or people first getting into BTC it would be ok.. But it will never mine .08BTC.

In Bitcoin the miners fee that you pay is included in the block reward when a miner finds it.
I believe this is in place in order to have more incentive for mpeople to mine.
Remember, one day the miners will be paid strictly from transaction fees (although we will likely be dead by then).
Normally I set a .0001 fee, Unless of course the transaction has a bunch of inputs. Then I advise using more.