Renting rigs can be extremely profitable, and in my view, less risky than buying into newer coins with less than stable prices. You can always calculate the expected profitability of mining in terms of btc/mh/day if you know the block reward, difficulty, and price. Just estimate conservatively and see if your profit calculation beats the rental price. If it does, you'll probably make money. Even if you don't earn back the full rental price, you'll only lose a percentage of the rental price, which is likely to be much less than you would have lost with trading. Note that you can rent for as little as 3 hours, which is what I tend to do when renting to mine newer coins.

Basically: I think the potential upside to renting is slightly less than trading, but the downside potential is dramatically less.

That's so weird I had that in my head for some reason too. You got one syllable to many though.

I like your Product,I will always support you.

Yep, I'll be updating the FAQ page soon. They've been edited slightly so far, but they're mostly from Multipool.us, where our code comes from

We're definitely considering adding a voting mechanism - maybe when our hashrate grows we'll offer two multiports, a community-voted one and the standard one. We can also easily add direct ports for coins in the future.

We may mine coins that look promising at launch if the difficulty is reasonable for the likely potential profits. Most recent launches of promising coins have seen huge multi-GH/s hashrates making the difficulty spike to unreasonable levels for the likely price (which can often be estimated for new coins by the total number of coins and block rewards).

We don't typically mine coins for extended periods (read: more than a few hours) if they aren't on /any/ exchanges, except potentially at launch. Our goal is to provide reasonable daily profits while offering the huge potential upside that newer coins can provide.

Basically we will adapt and do whatever seems reasonable to generate better than average profits. We're experienced and have made significant profits with mining in the past, but we are always open to new ideas and are happy to discuss things.

what is interesting is that the difficulty is going higher and higher but the volume on poloniex itself is very low. It seems that not a lot of people want to sell their coins. Then again, not a lot of people want to buy coins either. It's really interesting to see what is going to happen here. I'm guessing some big guys will jump in sooner and later and will try to pump and dump this coin. Really curious how the aircoin team is going to handle them.

Thank-you for educating me, this is what the forums are all about! Please read my previous post in regards to me mining and buying as I don't think I claimed any pity but that's up to your interpretation. As I stated I'm now educated thanks to you :-)

 

Hey i'm not being ungrateful or anything but i still haven't got them. Are u sure u sent them to me. If u look on page 39 of this forum u responded to the guy under me saying u sent some. Maybe they went to his address
mine was this address AWwBhSeAn7XhWwqcpd81ykrXyjNWFJSnQZ i'm not lying look in the block chain and see whats been sent to it.

Anyone can help me out joining AIRcoin, I also have none :-(  Anyone giving any away free? Cant wait to see it on the Exchange!

AIRCOIN:    AMykSYGaLrkTqZopTHQBde3T5jF5264iHV

Is it safe to deposit to polo? Guess there won't be any trading today regardless though.

LOL. you guys are giving MightlyX such a hard time.

Both MightlyX and Alexander addressed each other's concerns in a very elegant and professional manner. And I like that since it stimulates discussions. I don't think MX is trolling.

For those who have been doing crypto for a year or so, they have every rights to be skeptical and cautious. Many have been burned by the coin creator and because of that, cryptocurrency dies a little bit every time that happens. Perhaps MightlyX has been around long enough to see the rise and fall of many coins and through that, he became toughened.

I like what the Aircoin team proposed. I'm not following because of blind faith, but more of an educated guess of what can happen.  Since this whole thing is experimental, no one would know what will happan until we tested it out.  If it works, yay. If it doesn't, go back to the drawing board. 

We also need to take lessons from what made certain coins successful (at least initially). 1. Community (As evident by dogecoin) 2. Financial backer (Maxcoin was backed by Max - although maxcoin died after Max showed little attention to the coin after launch and how the community basically turned against it) 3. ASIC and multipool protection.

I think our community is growing, so it is up to the aircoin team to test out whether their promises work or not.

While centralized control and cryptocurrency seems like an oxymoron, I think this is worth a try.

As for the 2.5 mil coin, it's impossible for them to convert all of them to bitcoin and value them at ~$2 mil.

In the event that the Devs just want to dump the coin to earn a few bucks, At most they can dump a couple thousands of Real dollars during the first week or two. The trade volume would not be that high. For them to be a millionaire, they need to slowly maintain the price of the coin while selling their shares without perturbing the price too much. If that's their plan we will earns a handsome some from our initial investment. That means our shares are not going to be devalued anyways.

But if they really want to earn the big bucks, they would need to stick to their original plan and if they do succeed, we also win big.