1) and 2) If you are asking questions like these, I think you may be needing a bit more experience before attempting to construct your own ASIC. 3) Those $600 S9's don't exist, atelcominer is a scam.
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It's amusing when scammers and their lowlife buddies get all butthurt about potential gullibles being warned off, like OneCoin and MMM go on about "haters" and "establishment stooges".
Turning it into a "Scammers have Rights too!" Freedom of Expression deal is going to get you a long way.
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You appear to have lots of Trademarks registered thru Creda Software Inc. Where would they be Incorporated? How old is Allen Pulsifer? Co-Founder and former CEO of $4M/year hardware and software developer. What would they be called?
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***This conclusion is made through fundamental analysis of LARA's portfolio***
Go on then share your 'analysis'. Let's have a look at this portfolio that guarantees 3% a day. Or is it 6%? Whatever...
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Ignoring the lies, contradictions, behaviour and general seediness of Gainbitcoin and its operatives, the bottom line here is... "Will I make a profit if I give Gainbitcoin money?" According to them, you will be paid back ~10% a month of the money you give them in the first place. So, for ten months, they are giving you your "investment" back in installments. After ten months you are back where you started. As their contracts are 18 months, then a further 8 x 10% is your profit. (If they still exist, haven't been "hacked" or unilaterally cancel your contract [see Genesis, Bitclub etc.].......18 months is an aeon in BTC) Let us accept, for the purpose of this exercise, that they mine with S9's. Also, for simplicity's sake, let us say that those S9's hash at 12.5 Th/s, so when you buy an "Amaze A5" (25 Th/s) package you effectively lease the output of two S9's for eighteen months. This will cost you 13.75 BTC, $8250 at $600 exchange. According to Gain's figures, at the end of your 547 day contract you will have received 18 x 10% x $8250 = $14,850.A net profit of $6,600
Back in the real world, let's use Coinwarz calculator {1}. I have reduced the power consumption pro rata 0.098 J/Gh to 2450 watts for 25 Th/s of S9. I have put pool fees to zero. I have used $0.06 for electricity. It looks like they are banditting electricity in their videos, so let's make this a general overhead figure. (Way too small). With these highly optimistic cost figures* (in Gain's favor), what do we get? Days to break even, 681.36. According to Coinwarz's figures, at the end of your 547 day contract you will have received 547 x $12.11 = $6624.A net loss of $1626 Who do you believe, Bhardwaj/Kumar or Coinwarz? Hmmm..... *Costs. The $0.06 Kwh I used is deliberately derisory as an overall cost of operation. Also to take into account before the gross S9 revenue gets to your account are: Capital cost of equipment Maintenance of provenly unreliable S9's and subsequent down time On site wages Bribes Mark Lee Flights for the family Indian based infrastructure Kartik Kanwar's suits MLM Referral commission structure (can reach 30% of gross revenue), including rake off for Ver(manen) and Guzda (YT vid) to throw away into FutureNet
{1} Coinwarz does not attempt to predict difficulty increase. As difficulty increases, rewards will drop. In the last year, Bitcoin mining difficulty has increased by a factor of ~5. Should the next eighteen months continue this trend (and why should it not?) but only double, then rewards will be cut by 2/3.
The moral of this story is: Do not buy cloudmining contracts under any circumstances, especially when the seller lies thru his teeth about ROI.
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Just a quick bump for this TX3 scam, if you fancy a laugh go and have a look at the totally real reviews they are writing for themselves on the totally untrustworthy TrustPilot. Report of these reviews being fake and links to evidence of how this Colombian domain is fraudulently imitating an unconnected UK-registered company sent to compliance@trustpilot.comGood luck with that. TrustPilot appear not to be interested in whether the reviewed schemes are legit or not, only that reviewers can prove they have actually dealt with them (by providing some meaningless reference). A bit like when you press the "Scam" report button with Facebook, and you get "Oh well, you can block them if you like". They don't care that they are facilitating scammers, too busy with their clickbait shit.
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Just a quick bump for this TX3 scam, if you fancy a laugh go and have a look at the totally real reviews they are writing for themselves on the totally untrustworthy TrustPilot.
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I see that the Shiny Suit Scammers are now pushing that ridiculous shitcoin AsiaDigiCoin..... You have to laugh, otherwise it would be depressing.
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Is this shitcoin the same as this shitcoin?
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Learn About Russian Assholes with.me
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@ TX3solutions Hey asshole, talk your way out of this.... Although it's a blatant passing off scam, I'm intrigued by the amount of work that's gone into some aspects of it, mainly the Facebook pages. I couldn't work out why I wasn't getting any matches on some of their claimed pics, then the penny dropped.....they're reversing them. Example #1 As you can see from their blurb, TX3 claim this to be taken in 2013 in Central Europe. Note their logo on the sail. If you reverse the image, you find that it was in fact taken at a KPMG shindig in Hong Kong. Note their logo on the sail. I have a feeling that the other faked conference/meeting pics that the TX3 scammers have used will also probably be found in the same website's archives, but I haven't had time myself. I am getting the feeling from a couple of other pointers, that HK may be the origin of this scam. Also, on the faked image you can see where I have hovered the cursor, that although the post is pretending to be from 24th Feb 2013, it was in fact added a couple of weeks ago. Similarly, if you go the the famous but not famous Mr. Cornwell's FB you will see on his friendless profile Apart from the obvious absurdity of a VP at JPM posting on FB, "Left job", the dates.....
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Although it's a blatant passing off scam, I'm intrigued by the amount of work that's gone into some aspects of it, mainly the Facebook pages. I couldn't work out why I wasn't getting any matches on some of their claimed pics, then the penny dropped.....they're reversing them. Example #1 As you can see from their blurb, TX3 claim this to be taken in 2013 in Central Europe. Note their logo on the sail. If you reverse the image, you find that it was in fact taken at a KPMG shindig in Hong Kong. Note their logo on the sail. I have a feeling that the other faked conference/meeting pics that the TX3 scammers have used will also probably be found in the same website's archives, but I haven't had time to check myself. I am getting the feeling from a couple of other pointers, that HK may be the origin of this scam. Also, on the faked image you can see where I have hovered the cursor, that although the post is pretending to be from 24th Feb 2013, it was in fact added a couple of weeks ago. Similarly, if you go the the famous but not famous Mr. Cornwell's FB you will see on his friendless profile Apart from the obvious absurdity of a VP at JPM posting on FB, "Left job", the dates.....
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Ok, so apologies for a slight necro and a slight off topic, BUT There is a dubious "cloudmining aggregator" on the forum, claiming that they are buying cloudmining contracts from Bitfury. No details but I thought I'd ask. Anyone?
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There are elements to this which are quite intriguing, from an analysis point of view. If it is a scam, there's been some interesting work put into it. Will have an in depth look soon.
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Hey guys .. some friends of mine suggested flyingbtc to me for investing , i wonder if they're legit or not.. anybody checked it? And thanks for the great thread..
A quick look results in lots of these Some friends you've got, suggesting you piss money up the wall by giving it to this crew, "trading since 2013" with a 9 week old website.
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Nope, they don't sell any. But we are packing 2 year contracts in cloudpack. We have special contract.
You are reselling Bitfury hashrate thru a "special contract" that you have with them?
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We added BitFury mining contracts.
Bitfury are selling 2 year cloud mining contracts?
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@tmfp
Yes sir, Mr Adam James, Cornwell resume is on TX3 Arbitrage. More informations on Mr Adam James, Cornwell may be found on our website too.
Yes, so I see, and you also have a Facebook page that appears to check out the dates. I'm travelling for a while, will be interested to check it all out further. You can keep the red for the mo: IF it turns out legit then you certainly fucked up the debut. To quote Mr. Cornwell and a few others “It takes 15 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” — Adam James Cornwell, Founder/CEO of TX3
And will someone please fix the bugs on the website?
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@TX3 Please address these reasonable questions. If you are not capable of doing so, find someone who is. TBH you aren't doing a very good job up till now. @tmfp
With regards to your enquiries on Mr. Adam James, kindly refer to our website for more information.
So his name is Adam James... Adam James, Cornwell is the founder and CEO of TX3 Solutions Limited. So what's the "Cornwell" bit then? The way it works here is, basically, we/I start off not believing anything anyone says on their websites until it is verified by external sources. Mr. James/Cornwell appears to have a very low Net footprint considering you say he is ..a former executive at Google, Oracle and Intel, he is a veteran of Silicon Valley for over 30 years with a strong network and solid relations. He is a recognized thought leader in the cryptocurrency industry, promoting positive awareness of bitcoin through public speaking, strategic partnerships with incumbents, and policy work. Give us a for instance of his "thought leadership" or "public speaking". Who "incumbents"? tia.
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@tmfp
With regards to your enquiries on Mr. Adam James, kindly refer to our website for more information.
So his name is Adam James... Adam James, Cornwell is the founder and CEO of TX3 Solutions Limited. So what's the "Cornwell" bit then? The way it works here is, basically, we/I start off not believing anything anyone says on their websites until it is verified by external sources. Mr. James/Cornwell appears to have a very low Net footprint considering you say he is ..a former executive at Google, Oracle and Intel, he is a veteran of Silicon Valley for over 30 years with a strong network and solid relations. He is a recognized thought leader in the cryptocurrency industry, promoting positive awareness of bitcoin through public speaking, strategic partnerships with incumbents, and policy work. Give us a for instance of his "thought leadership" or "public speaking". Who "incumbents"? tia.
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