Yeah, you write ok.


So how do you monetize it? What are you monetizing, puff pieces?

Bill, I hope you don't mind me drive-by commenting in this Sisyphean project/thread that you have created here, but I have a few points up for grabs for low post count members.
I randomly looked at these


isomoyes, the point you are missing here, my friend, is that these are essentially opinions. And, as they say, opinions are like a**holes, everyone's got one.
If there is a particular aspect of Bitcoin that interests you then research, understand and incorporate that in your posts.
Just an example, your shopping post.
Where do you live?
Do a bit of research locally, find where and who accepts Bitcoin, ask them about it. If they don't, why not?
Add to the sum of knowledge here.

Fwiw, to put in global context the amount of industrial mining going on in the EU a year ago

https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-04-20-global-cryptocurrency-benchmarking-study.pdf

Don't make the erroneous assumption that, because people who buy cloud mining contracts from Genesis find ROI difficult to achieve, that therefore Genesis aren't making money themselves or that pure mining is unprofitable.
That's the whole point; Genesis' business model is

1) Sell mining contracts to provide capital to buy mining equipment
2) Mine
3) Keep majority of profit
4) Throw a bit of dust to investors


They never had hardware in that State. Read what the situation actually is, why not.


or this thread

https://bitcointalk.org/index.php?topic=3114931.0

Streng has replied to the order in a bullshitty language press release, theme "We are Special".

The Tl:dr is that they will be complying with the cease and desist in S Carolina and appear to have no intention of registering themselves and their products to comply with the State law under which the C&D order was issued, despite the S Carolina law being essentially similar to Federal Law and that of other States.
Registration would mean they would have to behave like any legit business that offers investment/passive income opportunities and provide audited accounts, detailed reports of their operations and breakdowns of the sources of profits and dividend payments made.
Instead, they're going to pour your money into the Government Lobbying Machine.


where innovation=ability to do what the fuck we like.

https://blog.genesis-mining.com/the-importance-of-collaboration

And over a year later the list is 12 restaurants shorter @ 83. That's in the U.S. which has 620,807 restaurants altogether.
Some adoption.

Trusted and legit....
From your other thread

LOL. Not quite proof of anything really.
(although I note you say you have sent a copy to gondel who hasn't replied).

I see you also have a Forex trader (Pro Tip, Forex is old hat) who makes 3% a day.
Quite the powerhouse of profit, aren't you?
Here's another Pro Tip (free)...run your "script" for a few hours at $450 profit an hour, and then put the profits into Forex. Within, oh about a few weeks, you'll be a multi millionaire.
That will be good all round.
It will let you retire to hookers and blow, and will mean a couple of less old scammy schemes on here.

An orthodox trader would have a stop loss price in place or in his mind when he made the buy order.
You are now in OMG territory where nothing can be seen rationally.
Some of the advice here, "double up" "wait a bit" "never sell anything" is frightening.

Yeah, theymos changed someone's name for them recently, what was it?
Began with an "a"......

Genesis say


Cloudmining and the Howey Test were always going to have problems, but Genesis brought this on themselves by using a seedy MLM "bullion" house like Swiss Gold Global to resell their mining packages in the US.

Binary options are the crack cocaine of trading.

This is of course true, my bad, should read "Europe", which I suppose makes any discussion about Iceland off topic in this particular thread anyway.

It is an interesting subject nonetheless, as until the arrival of Bitcoin mining as a major consumer of electricity Iceland's choices of what to do with their non domestic generating capacity were restricted to aluminium smelting or potential export to the UK via cable.
Electricity production increase is not quite as cheap, or straightforward, as it may appear.

http://www.thinkgeoenergy.com/opinion-aluminium-and-electricity-export-might-not-what-should-matter-for-iceland/

also read the linked report.

Although this is about the EU in general, as Iceland hosts a significant proportion of EU based mining it's worth looking at separately as it's a unique situation.
I have visited Iceland recently and gazed thru the razor wire at huge data centers.
Going by their car park size and general activity, I'd say security guard jobs are probably the only spin off for the local community who, in response to small talk, gave the impression that Bitcoin mining is regarded as something done by "them", as in foreigners.

Iceland has a population of around 330,000, with no noticeable special interest in Bitcoin that I found, which translates into very few likely home miners.
Although not xenophobic, that small population has a community approach to the outside world and a distrust of magick financial maneuvering of the sort which reeked especial havoc with their economy in the global crisis ten years ago.
As a whole, they do not resemble the hip young cosmopolitan Reykjavikers depicted in the media quaffing $10 lattes and snowboarding. The general air is pragamatic and utilitarian, which I believe would make them amenable to taxation of energy extraction for crypto mining, if only to reduce their high personal taxation levels.  
Although the leverage games played by banks and the crypto industry are qualitatively different, it would be understandable for Icelanders to lump them together as uncontrollable and with potentially highly negative influences on their country, not least crime associated with it, whether money laundering or more prosaic, like...

 https://cointelegraph.com/news/culprits-apprehended-in-alleged-icelandic-bitcoin-miner-theft

Governments will put up with many things if they bring tax revenue.
Although the Pirate Party is only small and would superficially be thought to be supportive of disruptive technologies like crypto, they have opened that conversation in Iceland.


Genesis don't like the idea, surprise, surprise, but come up with a weak response.


https://apnews.com/a6cd50b37105447991be9a9ce76c2421

I would think that an attempted BTC purchase of this value would trip quite a few "WTF" flags in the AML procedures which apply in Spain.
Both purchaser and vendor may be willing to make the deal, whether any notary would be willing to authenticate the transaction is another matter.

To do what you are doing now, telling people they are legit because they sent you some small change.

As I said, Cmf admit they don't actually mine anything. "VIRTUAL BITCOIN MINING". You can read that on their website.
So, if they don't mine anything, then how are they making a profit to pay you out?
From new investors money.
Ponzi.

Ok, so if it's not hypothetical, then why bother post this? Compound interest we learnt in school.

The reasons you are getting negative and even mildly sarcastic replies from older members are two fold:

1)We already trade, some of us with considerably more experience of markets and analysis tools that you agree that you don't have. We know how difficult it is to make regular, yearly profits.
2) You mention some sort of relationship with others in this venture. If this is just comparing trades and views on Telegram or where ever, then fine. But if this is going to involve anyone giving you money to trade with, then you would be treated as just another scammer making impossible promises to get 'investment'. We see these all the time.

Go ahead, give it a go with your own money and good luck.

Cryptominingfarm have nothing to do with coin mining, cloud or otherwise.
They admit as much themselves, calling the scheme "virtual mining". As there is no such thing as virtual mining, they may as well say "forex" or "arbitrage" or "tulips".
All that happens is you give them money and they promise to repay you loads more back. As there is no central profit making business being done by Cmf, then the only way those repayments are being funded is by later investors' money.
This is called a Ponzi scheme.

Anyone who is doing the "I got paid it must be legit" posting is either the admin and his friends or, possibly, one of the early "investors" who will get some repayments until the supply of new fools runs out and it closes down.

---

Bullshit, he moved thread that's all. Moderators don't moderate scams, but I'm sure -ck would have thrown it in the trash if he was allowed.