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1241  Bitcoin / Bitcoin Discussion / Re: Do you believe we need more ways of advertising Bitcoin currency? on: October 25, 2015, 07:29:54 AM
Well everyone need more advertising, I mean everyone. The proof for this is Coca-Cola that still pays for advertising even though some would say that it has a brand name and a brand image that doesn't need commercials at all.

Have to agree with this point - no matter how big you are until you're the market leader (or have a monopoly) you can always try and reach more people. For Bitcoin as a currency - it'd just need to get to the point where everyone would use it, once that happens you wouldn't need to advertise anymore. It's just like any other currency - you never see anyone advertise for the USD.

I think that are very few they which don't agree with the fact that needed more advertising to make bitcoin more known. The "why" are to many but the example of Coca Cola (which is a world giant) is one of the most significant.

So i think that the problem which must be discussed could be another: "how to make true that"? In which way is possible to make possible the work of this "tool"? Coca Cola has its owners which work for their pockets. Bitcoin has only its followers which are everyone for itself and God for everyone. In other words the million dollar question is: How to make possible the advertising of bitcoin?

Maybe Bitcoin Foundation can play a decisive role in this direction.... But what we can do to move it?
1242  Economy / Economics / Re: Machines and money on: October 25, 2015, 07:15:05 AM
When the time comes, we will manage the balance between the robot and human.
Now our focus should be developing Artificial intelligence. 
The scenario you mentioned should be in science fiction now.

The thing is, once AI technology has been fully developed and is capable of replacing humans in some kind of jobs, companies would surely choose machines for efficiency and cost. This could render human workers unnecessary for jobs. :/


This sounds so much like the positronic man will happen one day.Although I believe this day is still very very far away. Furthermore I doubt that humans still will be needed. Intelligent machines is one thing.But will they also have the same sleight of hand or motor abilities where it is desperatly needed?!



With the current advancement in technology and the determination of humans, fully-functional AIs would not be that distant into becoming a reality. Even the slightest human motion could be replicated by Science and be implemented to robots. What I'm even worried about is if this robots would be sentient and start to think of its own.

For the first part in bold: The development bring always new work places. So it is up to people to be adopted to the new reality. Never can be less work places when the society go forward. 

For the second part in bold: It will be again only a machine. So will have always a key in his "mind", well protected and not accessible from this machine which will stop everything on it in the moment when this machine can (might) be dangerous for the human kind.
1243  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: October 25, 2015, 07:09:12 AM
As the title says, is the halving good or bad for the price of bitcoin?

The halving will decrease the supply of bitcoin, whole keeping the demand, so that would make bitcoin worth more.

But the halving will make mining profitibilty worse, meaning less miners, a higher trans. fee, and maybe causing a smaller demand.

What's your verdict?

I think bitcoin will still go up, as the fees might, let's say, double, but that's still a smaller transaction fee than through the banks...

The halving doesn't mean stop of mining. Mean only halving of the new amounts of bitcoin added in the market. So the mining will continue with more or few miners. The new 12.5 bitcoin will be in the market every about 10 minutes. There have not any importance the number of miners which participate in this process. I don't understand why the fees must go high with less miners (but I'm not an expert in this field and maybe have wrong). Less miners will earn their part in the production of new bitcoins. Less miners mean maybe more earnings than before halving seen that are less miners than before. That's all.

As for the demand, this have nothing to do with the miners. They are not at all part of the demand. They don't buy bitcoins. Because earn it through the mining. The maximum of their activity in the report supply/demand is the sell of their bitcoins earned. So, on the contrary, are part of supply. The demand is who buy. And for sure are not the miners why buy bitcoin. I don't see any reason why the number of why buy will be reduced. Maybe increased make sense but decreased .... Why?
1244  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: October 25, 2015, 06:46:19 AM

It is enough this that him be punished with lifetime in prison or not?  


It would be if he'd actually been tried for it and it had been proven. It didn't come up in the case at all. I've no idea what the truth is regarding that area but it seems a little strange that they didn't pursue it. Perhaps they felt they already had enough.

It is true who must not be? I read it from several sources since the times when Ross Ulbricht was arrested. Nob has no one interests to lie. And cannot be proved differently as it is already. It was something between Ulbricht and Nob. And in such situation it is normal that be Nob to be credible and not Ulbrich (if he denied this thing). Nob have no reason to lie. Ulbricht is a criminal. It is normal that him deny everything against it (always if deny something). Who would be more credible for you?

DA's lie, cops lie, special agents lie....they all lie!  I don't believe none of them!  This whole thing was wrong from inception to outcome on all sides, period!

Lol. "Agree" with you. Only Ross Ulbricht don't lie. He is not guilty for everything and must go ahead with its wonderful and necessary former activity. In this way all the people will feel free from every kind of lie and cheat made from every USA Authority. Long live to Ross Ulbricht, long live to drugs and every kind of such things, long live to the american freedom which allow such very needed things for every person..  Shocked
1245  Economy / Economics / Re: IBM working with US Federal banks to develop digital currency on: October 25, 2015, 06:35:52 AM
I see the content of the article of the OP in the post below but any comment. Naturally Cutesakura (the author of post) cannot pretend that is him the author of the article. So remain mister for me the post of this post.

Could its author give some explanations about the "why" of this its post? Some explanations or interpretations? So we can learn more about its idea about this thread and about the posts written on it.

Maybe there are big errors made from some poster in this thread and needed basic corrections. Me, as author of many comments, could be one of them. The probabilities to be me are to high. If me such person, would love to understand where I'm wrong or what's wrong with my thoughts. Everything is totally new and the thoughts can be created erroneous more easily.  

So Cutesakura stay in touch with us ....
1246  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: October 25, 2015, 06:15:07 AM

It is enough this that him be punished with lifetime in prison or not? 


It would be if he'd actually been tried for it and it had been proven. It didn't come up in the case at all. I've no idea what the truth is regarding that area but it seems a little strange that they didn't pursue it. Perhaps they felt they already had enough.

It is true who must not be? I read it from several sources since the times when Ross Ulbricht was arrested. Nob has no one interests to lie. And cannot be proved differently as it is already. It was something between Ulbricht and Nob. And in such situation it is normal that be Nob to be credible and not Ulbrich (if he denied this thing). Nob have no reason to lie. Ulbricht is a criminal. It is normal that him deny everything against it (always if deny something). Who would be more credible for you?
1247  Economy / Economics / Re: Machines and money on: October 24, 2015, 03:46:51 PM
Artificial intelligence and the fridge
http://on.ft.com/1zSz2tw

Quote
In science fiction, this scenario — called “singularity” or “transcendence” — usually leads to robot versus human war and a contest for world domination.
But what if, rather than a physical battle, it was an economic one, with robots siphoning off our money or destroying the global economy with out-of-control algorithmic trading programmes? Perhaps it will not make for a great movie, but it seems the more likely outcome.

With Bitcoin, it's hard to see the downside. DACs (decentralize autonomous companies) are inevitable. This article is another vestige of irrational fear about money.

About the part in bold I would tell "the more unlikely outcome". The robots will always be a product made from the mind and the hands of the human being. A very secure product. With to many rules to be followed, the first of whose is to serve the human being and to kill himself before making something bad to him or to not execute the orders of him.

The human being has survived and developed for thousand years. Who think that this survival was easy is in big wrong. Was through big and hard "wars" (physique and mental). This kind of development has "engraved" on its DNA the instinct of self-defense from everything. So even if the mind of him can make something wrong (very improbable) it will be this instinct which will impede him to materialize such product.

The human kind will not produce never a robot which can damage in some way him or him's life and existence. Robots will be always obedient servants of the human kind. Every kind of their development will make them even more servants of the human being. So the situations quoted in the post of OP is pure fantasy and poor imagination. This kind of fear is result of bad dreams seen the night before their creation and their destiny, in the best of cases, is to become a very good movie (if it will be a very movie maker which will take care of it).

There it will be never no any kind of product created by the mind and the hands of human being which will destroy him's world. Even less the robots. For sure can be other things that can disturb him's life and equilibrium much more than the robots. I can tell one: the uncontrolled biological "weapons" created in various secret laboratories. If they, for various reasons, go out of those laboratories, while yet don't exist their antidote, this can be a much more higher risk for the humanity than the most developed robot. But even in this case I think that the human kind will survive. Like he has made during all him's life story.
1248  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: October 24, 2015, 01:52:15 PM
yes i think it will soon by 2022 replace local currencies of 80-90% countries....will love to see it then  Roll Eyes

This is another pearl of this forum. Must be read from everyone. The poster believe that bitcoin will replace the local currencies in 80-90% of all the world countries. Not from 81% or 81.7% until 89.8% or 77.6% until 92.3% but fully 80-90%. I made several searches in internet to find some other more comprehensive data about these figures given without doubts by the poster but was unable to find something other. So must be contented only with those.

But I found that there are only 51 the countries for which are data about bitcoin. For the remaining (more than 150) nothing. So the last ones, or don't know it at all or are very few those who known and the Authorities don't mind about bitcoin. I though that the poster had in mind exactly the last countries when had write its post. These countries can go directly to bitcoin for as much as don't know it. It will be more easy for these exactly for this reason. But yet there is something that must be wrong in my reasoning. Those are not 80-90% of all countries but less. Which of the others will go with those? I thought two-three hours but then left the thinking because was unable to find the solution.

So I would ask the poster if kindly can show us which are the other countries which will join the group of about 150 countries (which for the moment don't know at all or ignore bitcoin) to reach the 80-90% of the countries which will use bitcoin by 2022 (no day before and no day after) as a local currency. I am so curious to learn this. Can't wait that this happen.

Maybe the poster can give even the change of bitcoin with the other currencies this year. It is an important year (have three 2) and the poster must have other data about it.

Dear StarofBTC!

Everything of us make something wrong. It is human thing this. But this post is out of everything. You are part of a signature campaign. Your post is so strange that I cannot tell that you made this post only to be paid. Because is impossible that this kind of post be counted for having reward. I want to ask you only something. Have you thought even one time that this post have your nick and will be read and associated always with your nick? Will be always (if not deleted by you) in your archive of posts and everyone who will read will remain without word?

How can touch your mind this thing you have written? How is possible to be so easy to write such thing? Where do you have hear or see this inaudible thing? How is possible to be so irresponsible in writing such things?

Maybe I'm doing much bigger that needed this post but are tens and tens the post like this. That cost loss of time and nerves when is read. Then why read such things when have this judgement for those - can ask someone. Because no one know what is written in a post before reading it. Me too. So who want to know new things or learn new things from the others (like me) want to read everything. And this is the why of the read. When are one row it is everything easy. Sometimes even funny. But when are long and incomprehensible it is very difficult to be chewed.

I want to end here this long and maybe in vain post. But at least pulled out from my mind my annoyance about this kind of posts.

Please be responsible when write.
1249  Bitcoin / Bitcoin Discussion / Re: BITCOIN the PORN and GAMBLING future? on: October 24, 2015, 12:54:46 PM
Bitcoins are a great currency for secure payment. There's no questioning about that, but this has become it's disadvantage also. Because of it's privacy and internationality , gamblers and porn industries are using it immensely as a mode of payment as it's secure and retains privacy, but this advantage of bitcoins is now being used as disadvantage by these industries.. Which hinders the uniqueness of btc. Something is needed to be done in this direction.

I don't understand nothing from your post. Even after reading it several times. So bitcoins is a great currency (ok). Then this quality (great currency) become its disadvantage because gamblers and porn industry are using it. Then this use is being disadvantage even for the industries cited in the last sentence. I don't understand why. I can find in any word this "why". Then this disadvantage hinders the uniqueness of btc. And the end something needed to be done in this direction. Great end. Full of meaning. Even I don't understand the direction in which must be done something the end of post is great. Big words. Touch the heart.

Can you clarify this post please? I want to understand am I the stupid which is unable to understand your deep thoughts or are you the fox who want to have one more post to be paid?

Show me please that I have wrong....

Or you are a bot like the numerous ones launched by your signature campaign...
1250  Other / Off-topic / Re: What is the wrong with sex and gambling on: October 24, 2015, 12:35:47 PM
They are two different things. Gambling is for make money, sex is for relaxing. I don't like gambling. I prefer the first. Smiley

Who told you that? Who proved you that? Can you show me how is possible this? Show me at least (or even) only one way that can prove without any doubt and with facts this your thoughts and I will give you 1 bitcoin. In this way (if will win) you will have another fact that can prove that with gambling can be made money. This that I'm asking to you is a gamble game. Show me that you are able to make money gambling with my proposed gamble game.  Wink
1251  Economy / Gambling discussion / Re: Everyone looses in the long run on: October 24, 2015, 12:21:51 PM
I read some people were saying professional gamblers never loose as they are sponsored by others.If we put very small percentage of professional gamblers away and talk about usual and normal gamblers then my answer is clear that everyone looses in the long run .

First of all there are not any kind of profession in "doing" gambling. So no one can be professional in something that is not a profession. But even if there is something that can be called "profession" in gambling (which can be the place of staying all the day within a casino or gambling online - again all the day - for those who have  nothing - or don't know what - other to do and have tons of money to spend) there can be never "professionalism" in this kind of "profession". Gambling cannot be learned and it is impossible to learn something from or about it even if everyone stay with during all its life applying it.

Then what does it mean "never loose as they are sponsored by others". My brain understand this sentence in this way. They ("the professionals") gamble always and lose but don't lose their money but the money of the others (sponsors). If so where is the "professionalism" here? In losing the money of the others? Or simply in the loss of money ongoing?

But for sure the author of the post mean another thing with this sentence. Maybe he wanted to tell that they earn because are sponsored by the others. This is another thought without sense. It is the sponsorship that condition the earnings? This seems strange for me. What have in common the give of money with the gamble of those? Why the first act must affect the second one?

Maybe because someone thing that having to much and gambling to much money it is sure the win in it. This is a pure fantasy. Have nothing true in this. It is only the luck who decide. You can win the jackpot with 1 us dollar and loss even your home within a day. Have nothing to do the amount of money gambled with the probability to win. Especially in long term as can be deducted from the quoted post.

The probability to win is always (especially in medium and long term) for the owners of the casino or the online gamble site. Nothing can change this elementary but basic and unchanged rule. Everyone which gamble will have always loss. Being him a "professional" gambler or a novice one.
1252  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: October 24, 2015, 11:16:39 AM
Hi all,

I can assure you that it's not possible to win in the long run in an online casino. I can say so, because I work in the online casino business. Many players have won big amounts, like 100K, but lost everything again in the following months. Just because the system keeps track of your total balance (win/lose ratio).
The only way to make a long term profit from gambling is by playing poker or sportsbetting, but you have to follow the right tipsters.

If you are looking for the best tipsters, please follow this post:

https://bitcointalk.org/index.php?topic=1218261.0

Jean

Good to see the first part of your post. If this is something write from someone which work within the online gambling site there must not be more doubts about the sure loss of money in long term in an casino. This post must be used by everyone which want to give facts about gambling in online casinos.

Then I read the second part and in my mind born a question. Is this your first part of your post a trick used to have more players in poker or sports betting? Are not gamble both of those activities? Are more smart the owners of the first gamble than the seconds one which earn? So the owners of online casino are smart, do everything as it is needed and earn always. Until here nothing new. The new is only that, for the first time, (at least for me), this thing is accepted by someone which work within a casino. So know the tricks of the tradecraft. Cannot be doubts about its words.

On the other hands we have some "stupids" owners which are incapable to do as it is needed and make the others win. Losing themselves. And even this can last in time they stay again in business. My questions are: Why? What is the reason of their staying in this business if they don't earn nothing? Not only this, but even lose money?

Very strange. Hard to believe.
1253  Other / Off-topic / Re: Will you quit your day job to go full time on bitcoin? on: October 24, 2015, 10:57:01 AM
Good things bots now are disqualified. They ruining our campaign.

Anyways back to topic, for those people who said they will go full time on bitcoin and leave their job, what method are you going to full time? Signature campaign are not forever. Trading? You need everyday spendings. Is trading can give you 3 times a day to eat more? Mining? Electricity sucks. What method you will do? Care to share as an inspiration lol.

I can tell you a kind of job which can be paid with bitcoins and can give you a lot (very much) bitcoins. If you are a programmer or developer (especially in specific fields which I don't know which are because I have not such kind of profession) you can be paid very well. With only one month of your wage you can live to many months without problems. In cities with normal (medium) level of cost of life. But this depends even from your ability to "sell" yourself and the business which will hire you.
1254  Economy / Economics / Re: How too get rich on: October 24, 2015, 09:05:09 AM
Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

Invest in bitcoins it one way of getting there easier and faster.


I don't know investing bitcoin will make any one rich or not but it is good investment option for one to start exploring as an investment option. The prices are very volatile so after investing you must watch out the prices to avoid bigger losses. Just like who ever brought bitcoins at 1000+ couple of years back they are still waiting to reach their.

There's a lot people become millionaires because of bitcoin and most of them were the early adopters of bitcoins. So investing on bitcoin can make anyone rich and it's indeed a good investment. Personally I'm looking forward to become rich because of bitcoin, especially when the price will pump out in the near future (hopefully) Cheesy

Everyone of us here hope the part bolded in your post and there are people which are less sure and other more sure about the higher price of bitcoin in the future. Maybe there is even someone (one of those am and I) that are almost sure (but me with conditions) that one day (which will be in a remote future) the price will be very high. But I haven't read no one that had hopes that the price will go very high (pump out) in the near future. It is a hope that this price will go high with the halved and than can be true. But go very high this is the first time that I hear that. I hope that your desire become true but I want to advice you to not put to much money in buying to much bitcoins if you want fast profit from it. I don't believe that you will have it so easy and so fast.
1255  Economy / Gambling discussion / Re: How much can you earn with gambling? on: October 24, 2015, 08:45:51 AM
best way to make money in gambling is getting referrals  Cheesy

So you are telling that spending money to find referrals about whom no one know how it will be their behavior about the gambling, and in the same time gambling even yourself with other money can be made more profits? And even that this is the best way to make money in gambling?

Have no end the new things that can be learned by the addicted of gambling. Can you tell us how many millions have you made applying this alien strategy? Can you tell us the percentage of the referrals found by you (using your money) has gamble and what is the amount of money you had from those who gambled?

If your data are accurate maybe one day I can apply myself this strategy....  Huh  Shocked
1256  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: October 24, 2015, 08:29:15 AM
Read this dialog:

Later that day, DPR messaged Nob.

DREAD:  ok, so can you change the order to execute rather than torture?

DREAD:  he was on the inside for a while, and now that he’s been arrested, I’m afraid he’ll give up info.

Of course, DPR was right that Green had been flipped—by the very same man he’d just hired as an assassin. It was a surprising escalation. The Silk Road leader, who waxed lyrical about “respecting” the Silk Road community, was now pondering pricing for murder.

DREAD:  never killed a man or had one killed before, but it is the right move in this case.

DREAD:  how much will it cost?

DREAD:  ballpark?

DREAD:  less than $100k?

DREAD:  have you killed or had someone killed before?


DPR is for Dread Pirate Roberts alias Ross Ulbright.

This dialog is taken from: The Untold Story of Silk Road. Who want to learn more can read here: http://www.wired.com/2015/04/silk-road-1/

In other words, Ross ask to someone to kill someone. Want to hire someone to kill someone. Paying for this.

It is enough this that him be punished with lifetime in prison or not? 
1257  Other / Beginners & Help / Re: What is the best Cloud mining Site? on: October 24, 2015, 07:57:25 AM
*edit getting long
I can prove that you are not able to realize your possible risk in your investment on mining. You have no idea and cannot never have idea in which amount will be the difficulty in mining. So your calculations have not taken in consideration something very important in such process. The rezult is that your calculations are not reliable.

Yes I have experience in mining. To much. I have mine with my computer (when this was possible) with gpu and then in cloud mining. The first was short and without to many earnings. The second experience lasted more than 1 year and was in three sites (pb mining, cloudminr.io and cointellect.com). I had earnings from the first (double of the amount invested), loss in the second (a little less than the amount earning from the first investment) and (strange but true) almost nothing from the third (about 10 us dollar earnings). All the three these sites were scammers. I was lucky in the first because invested between the firsts and not lucky in the second because was from the lasts enter on it. Much than luck in the third (which in time was before the last mentioned) because had invested to much but with the profits had from the previous investments. The luck was because the last contracts purchased was not with earnings but mostly with my bitcoins: was a big amount.

But I have knowledge even because I have read even more about this phenomenon. So my overall experience tel, to not mine at all.

But even without all this, it will be enough for me (and for everyone - according to me) to understand that if mining depend from the difficulty, the difficulty is totally unpredictable and can arrive big amounts within 14 days, that this story that continue without end, then can be told without doubt that it will be not possible to made any kind of calculation able to have an reliable conclusion.

Then you can ask me the why of my mining when I knew all this thing. The answer is: firstly because before had not such knowledges and experiences. So was something new and I want to tried this something new. Then even to earn (in the case of cointellect - seemed serious in everything since the moment I made my last investment and a few time after). But the results have from those experiences convince me to tell to everyone that, as for me, mining must not be made because are to many unknown factors. Even those which seems the must (easily) predicable and calculable are only one illusion.

I know my risks when I invest, I never invest more then I can lose.  But mining has changed drastically from GPU day's.   Yes believe it or not I have been here mining since then.  Back then we were looking at 30+ some weeks on difficulty change.  

Move into day's of asics (which you are missing from mining experience).  Difficulty has gone down a lot on changes. Don't take my word on it look here -  https://bitcoinwisdom.com/bitcoin/difficulty  It's at bottom of page.  

Again I'm not pushing anyone to mine I make 0 even if you mine through my signature.  So don't let anyone push you into a investment.  But mining is not for all and has change drastically since day's of GPU.  

You will find always something to discuss about your topic and this is not my attitude. So I will close this in vain discussion with this my post. No one told that the mining has not changed. I tried to have experience even with the ASIC-s trying to buy one at Butterfly Labs. But haven't it because they promised to ship their in January and didn't was able to ship since October. Than (luckily) I had my refund because was a big amount of money. I had taken a big ASIC with to many ghs for that period. But this (the change you pretend) doesn't change nothing in my discussion. You are making again game of words and in van discussion.

THAT DOESN'T MEAN NOTHING. EVERY KIND OF ASIC DON'T CHANGE THE INABILITY TO PREDICT THE DIFFICULTY. THEN THE PRICE OF ASIC IS SO HIGH THAT DON'T LEAVE TO HAVE EARNINGS. THE MINING MUST REPAY FIRSTLY THE ASIC AND THEN EARN.

Then if the difficulty has gone drown that doesn't mean at all that can be so even in the days to come. Thinking so is to think that a child or like someone who have not even the much little experience in this field.

I have no reason to see your link about the difficulty of mining because I know it very well. And even mentioned data from it only few posts above. But, as I can see, you don't read what it was written by the others. You read only the phrase that tell don't mine. Any other word which argue this phrase it is not important for you. I am bringing again my phrase write two-three posts above:

"If you had no profit during this time when difficulty was up and down since almost one year and the rise was at minimum amounts you can find yourself easily how much can be the earnings if the difficulty rise constantly (no drops as it was verified during the above periods) and in amount more than 10% every 14 days."

See my post above and your find easy this sentence. In that clearly is spoken about the difficulty during the last year. From what had the data which make me to write this sentence? What do you think?

I CAN TELL TO EVERYONE AGAIN MY THOUGHT: DON'T MINE. THIS IS MY SUGGESTION. BUT EVERYONE CAN DO WHAT HE THINK IS BETTER FOR HE/SHE.

PERSONAL MINING IS TO RISKY AT LEAST FOR THE MONEY USED TO BUY EQUIPMENT. CLOD MINING IS NOT PROFITABLE IN THE CASE WHEN THE SITE IS NOT SCAM. BECAUSE MOST OF THOSE ARE NORMALLY SCAMS.

EVERYTHING IS TOLD HAVING IN MIND THE ACTUAL SITUATION. ABOUT THE FUTURE I CANNOT TOLD NOTHING. THINGS MAY CHANGES. WHO KNOWS?
1258  Other / Beginners & Help / Re: What is the best Cloud mining Site? on: October 24, 2015, 07:17:50 AM
As I told in one of my previous posts mining is not profit. Whatever you do and whenever you do about it: at home mining or cloud mining. At home mining needed expensive dedicated hardware which costs to much and even you have much earnings at the beginning everything go to repay the hardware. Then the difficulty rise and the earnings drop. Si you will never arrive at break even. The same with clod mining. They who sell ghs know all that and make their calculations to not lose them. So here the possibility to earn something is even less. Must earn the owners of site which give the clod first. There it will be nothing from you. Even the possibility of selling ghs is nothing. All the factors are connected with each other and the price of the sell will be never profitable for who buy, and maybe even for who sell.

If you had no profit during this time when difficulty was up and down since almost one year and the rise was at minimum amounts you can find yourself easily how much can the earnings if the difficulty rise constantly (no drops as it was verified during the above periods) and in amount more than 10% every 14 days.

Even this have less probability to be verifies because of halving (is supposed that to many miners leave mining because of the halving of the amount produced and as a consequence less profits) no one can  know if this can be true for sure. Who knows which factors can enters in the market and make again the rise in big amounts.

There are many that break even and even ROI.  It takes smart strategy.  It in no way is a guaranteed profit. I personally do mostly hardware mining as I have mentioned many times I enjoy playing with the gear.

But you cant make blanket statments saying you will never break even.  Mining is so dependent on certain varibles it's not one size fit's all.  For example electricity... that varies a lot and home miners will see some should mine ... some should not.  Same with VAT some countries have some that kill mining profit.

Cloud mining is a lot of strategy to.  With the different kinds of cloud mining, you have to decide do you want one that buys gear? Do you just want less and get one that sells GHs.   What price are you willing to buy in at?  What price is your sell price?    It goes on and on.

But your right mining does not mean profit.  But it does not mean loss either.  It all depends on certain factors that are different for everyone.   And your bringing having into it which will effect it no doubt... but no one can give a good speculation of factors at having yet.

You can have or profit or loss. So your expression is game of words. As the most of your post. As I told in my posts. Mining is not profitable in every kind of point of view. Not because cannot be earned. But because has to many unknown factors which can, in every moment, make you loss forever. So the risk is so high that don't mine it is the best choice.

I mean no game of words.  Just that it is not a blanket statement of profit or loss.  And I do not mean either is guaranteed, as they are not.

I realize my possible risk on each investment mining or other.  You should always try some ROI math.  Do you mine?  I just don't feel like you are a miner most likely.  And nothing wrong with that mining is not for everyone.

I can prove that you are not able to realize your possible risk in your investment on mining. You have no idea and cannot never have idea in which amount will be the difficulty in mining. So your calculations have not taken in consideration something very important in such process. The rezult is that your calculations are not reliable.

Yes I have experience in mining. To much. I have mine with my computer (when this was possible) with gpu and then in cloud mining. The first was short and without to many earnings. The second experience lasted more than 1 year and was in three sites (pb mining, cloudminr.io and cointellect.com). I had earnings from the first (double of the amount invested), loss in the second (a little less than the amount earning from the first investment) and (strange but true) almost nothing from the third (about 10 us dollar earnings). All the three these sites were scammers. I was lucky in the first because invested between the firsts and not lucky in the second because was from the lasts enter on it. Much than luck in the third (which in time was before the last mentioned) because had invested to much but with the profits had from the previous investments. The luck was because the last contracts purchased was not with earnings but mostly with my bitcoins: was a big amount.

But I have knowledge even because I have read even more about this phenomenon. So my overall experience tel, to not mine at all.

But even without all this, it will be enough for me (and for everyone - according to me) to understand that if mining depend from the difficulty, the difficulty is totally unpredictable and can arrive big amounts within 14 days, that this story that continue without end, then can be told without doubt that it will be not possible to made any kind of calculation able to have an reliable conclusion.

Then you can ask me the why of my mining when I knew all this thing. The answer is: firstly because before had not such knowledges and experiences. So was something new and I wanted to try this something new. Then even to earn (in the case of cointellect - seemed serious in everything since the moment I made my last investment and a few time after). But the results have from those experiences convince me to tell to everyone that, as for me, mining must not be made because are to many unknown factors. Even those which seems the must (easily) predicable and calculable are only one illusion.

1259  Other / Beginners & Help / Re: What is the best Cloud mining Site? on: October 24, 2015, 06:39:12 AM
Cloudmining was never profitable. I have some small investments in different sites for almost two years now but never did i make money. High maintenance fees and mining difficulty eats up your payouts plus almost all cloudmining sites turned to scam later on. Just hold on to your coins Smiley

did you sell your hashpower at some point? because as it is right now, cloud mining is not about sitting there and waiting for roi

it is now very similar to trading, you need to sell your hash after some time to have  aquick roi, and buy again when the price fall, repeat

Yes i sold all my ghs recently as they were depreciating in value and rewards dropped. The company released new hardware and people are dumping outdated hashpower. By my calculations coins mined plus the sale i'm still at minimal loss. You are right i should have traded and monitored everyday price. My other cloud investment is a lifetime contract and you can't sell or trade hashpower. A year ago payouts were okay but now it only pays trickles of btc's in my wallet and i don't know if i ever will ROI. The rest turned to ponzis and scams..


I personally would avoid anything that say's "lifetime" or anything like that.  Because we know no miner last's a lifetime they have a certain lifespan.  

I think being able to sell hashing power is pretty important.  Without this there is not much strategy on it.  It's almost like gambling as I'm not sure who can get a good ROI equation on "lifetime".  I sure cannot predict that far in crypto world.

Right Mate. I was new to crypto then and was blinded by their marketing strategies..

As I told in one of my previous posts mining is not profit. Whatever you do and whenever you do about it: at home mining or cloud mining. At home mining needed expensive dedicated hardware which costs to much and even you have much earnings at the beginning everything go to repay the hardware. Then the difficulty rise and the earnings drop. Si you will never arrive at break even. The same with clod mining. They who sell ghs know all that and make their calculations to not lose them. So here the possibility to earn something is even less. Must earn the owners of site which give the clod first. There it will be nothing from you. Even the possibility of selling ghs is nothing. All the factors are connected with each other and the price of the sell will be never profitable for who buy, and maybe even for who sell.

If you had no profit during this time when difficulty was up and down since almost one year and the rise was at minimum amounts you can find yourself easily how much can the earnings if the difficulty rise constantly (no drops as it was verified during the above periods) and in amount more than 10% every 14 days.

Even this have less probability to be verifies because of halving (is supposed that to many miners leave mining because of the halving of the amount produced and as a consequence less profits) no one can  know if this can be true for sure. Who knows which factors can enters in the market and make again the rise in big amounts.

There are many that break even and even ROI.  It takes smart strategy.  It in no way is a guaranteed profit. I personally do mostly hardware mining as I have mentioned many times I enjoy playing with the gear.

But you cant make blanket statments saying you will never break even.  Mining is so dependent on certain varibles it's not one size fit's all.  For example electricity... that varies a lot and home miners will see some should mine ... some should not.  Same with VAT some countries have some that kill mining profit.

Cloud mining is a lot of strategy to.  With the different kinds of cloud mining, you have to decide do you want one that buys gear? Do you just want less and get one that sells GHs.   What price are you willing to buy in at?  What price is your sell price?    It goes on and on.

But your right mining does not mean profit.  But it does not mean loss either.  It all depends on certain factors that are different for everyone.   And your bringing having into it which will effect it no doubt... but no one can give a good speculation of factors at having yet.

You can have or profit or loss. It is impossible to have both. Maybe no one yes but is a very rare thing. So your expression is game of words. As the most of your post. As I told in my posts, mining is not profitable in every kind of point of view. Not because cannot be earned (potentially). But because has to many unknown factors which can, in every moment, make you loss forever. So the risk is so high that don't mine it is the best choice.
1260  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: October 24, 2015, 06:32:55 AM
I think my history about gambling is im always lose than win.. Even im not always win , im always play gambling because its fun if you win some bitcoins in gambling and very addicted..

This is really funny. You enjoy your loss. To tell the truth (according to you post) you mostly loss and sometime win. You have fun when you win even when, most of times you lose. Good way to enjoy things. For more, you enjoy even because you are addicted by gambling.

You need urgently to do two things (to enjoy more after). To find a good doctor to take away this your addiction and to find someone which can be able to not leave money in your hands for at least 2 years. In order that don't gain again the same addiction. During this time, this person must show you that in the world exist to many other things which can be enjoyed much more than the gambling.

For example have you tried to stay and make love with a beautiful or even normal girl?
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