that btcminer84 guys must be reported for spamming his useless calculations again again
I disagree. His calculations are not useless. They are illustrative of several logical fallacies and can therfore be of some value if you have a strong bullshit detector. Exponential growth is impossible in the long run. This has been prove so many times that anyone claiming it as a basis for real world calculations should just go ahead and check themselves into either the mental ward or the Federal Reserve. "On the subject at hand, I think you'll find the price is about the same as buying ants, when you factor in electricity, except that you'll eventually (much sooner than 5 years) have to either turn the ants off, or mine alts with them. As with all things Bitcoin, it's something of a gamble. It's one that has paid off handsomely for me, and I will continue to solicity referrals and buy GH's. There are too many customers for too long of a period for it to be a ponzi. I suspect they're being circumspect because it keeps people off their back, including the bastards that keep DDOSing every public pool. By maintaining the secrecy, they have less of a target painted on their backs. I don't know this to be true, but it's a good line of reasoning." Challenge: Do the sums, buy an ant and sell the GHS. Can profit? at current prices on both, 2.10 per GH/s for an Ant, $2.70 GH/s for pbmining. calculate electricity and PSU into it, and I suspect you're looking at a better deal at pbmining. There are too many regional variables for that to be a blanket statement, but it's going to be generally true. @ $.10 kw/h, the ant eats just shy of 87 cents a day, so right out the gate it's more expensive to operate. And you pay that every day you run it instead of just once in five years. You can profit both ways, and if you play Alt mining and trading games you MIGHT outperform the bitcoin mining at pbmining. I think they are both valid investment vehicles. But very different animals as well. Ants give you more flexibility, pbmining gives you more stability. The electricity cost vs. difficulty pretty much means that even though the linear growth cannot continue, the ant will cost more to operate than it returns well before five years have passed. AT least in bitcoin. S1 ant is now 0.893 BTC for 180 GHS Just use BTC for your calculation. Show me it's viable to sell GHS @0.0065 plus PSU and electricity for 5 yrs you seem to be assuming that pbmining are running ants. They probably are, to some extent, but I would think they would have a variety of equipment. For one thing, there is always some guy that got in over his head and wants to sell used equipment. I could have gotten a couple of Jupiters not that long ago for quite a bit cheaper than market price, had I the coin. They do, and I would think they are reinvesting it in equipment all the time. The other part you leave out is industrial electric rates. In Colorado, they run about 2 cents a killowatt hour even after the taxes are figured in. That extends things a lot right there. There are a dozen ways of generating power that they could be using to eliminate/supplement their electric needs. The scenario you paint is not a show stopper. |
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Logical Fallacy: Appeal to authority. Worse Fallacy: Appeal to a half assed two bit US president who can't even speak without the aid of multiple teleprompters and who has no balls. This guy is what you get when you choose the lesser evil. As to the coin, I'll mine it and dump it. Asics gotta do something  |
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what do you think about bitcoin prices ? currently 394$ and still dropping?
is it a btc buy time and re-invest to ghs in these cheap prices??
or the bitcoing era is over?
It's completely over. They will never be worth anything again. Nobody will adopt it, as there is no central authority to oversee and steal confiscate devalue regulate it. Therefore I think it best if you send all of your BTC to this address, lest they take it from you by force. 15KU7NmtLdu49yu7ZCf5SamuSH8C9A8U8j You, sir are troll. Anarchy is not chaos? I LOL'd though how intellectual a response!? personal abuse does in no way back up your arguments. in fact it makes you look like a dunce, who didn't actually understand what the poster was alluding to. Look at previous posts about "flying pigs" and shit, that's normal? i don't care about your trolling mate, this thread is for users of PBMining, please take your teenage angst elsewhere. You are right, we should talk about PBmining so what about new payout system? 0.01 BTC or customizable threshold like on the pools would be nice, wouldn't it? I'd like to see the time of the payout optimized a bit, for the sake of consistency, but otherwise I'm quite happy with a weekly payout. I know approximately when and how much I'm going to get. Not as random as straight mining, though I have more fun with that What I'd really like to see is that fucking slider on the buy page be banished back to whatever hell spawned it and replaced with a text box where you can just input a number. |
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what do you think about bitcoin prices ? currently 394$ and still dropping?
is it a btc buy time and re-invest to ghs in these cheap prices??
or the bitcoing era is over?
It's completely over. They will never be worth anything again. Nobody will adopt it, as there is no central authority to oversee and steal confiscate devalue regulate it. Therefore I think it best if you send all of your BTC to this address, lest they take it from you by force. 15KU7NmtLdu49yu7ZCf5SamuSH8C9A8U8j You, sir are troll. Anarchy is not chaos? I LOL'd though This isn't really the place to discuss the political theories. as it's about pbmining. But no, Anarchy is not chaos. Chaos is where you have so many rules that they cannot be obeyed without violating causality. Anarchy is self rule, and an ideal to be aspired to. The modern "democracy", on the other hand, is demonstrably the most tyrannical form of polity ever devised. As for the above idiot... Well, some days I suffer fools more easily than others. |
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that btcminer84 guys must be reported for spamming his useless calculations again again
I disagree. His calculations are not useless. They are illustrative of several logical fallacies and can therfore be of some value if you have a strong bullshit detector. Exponential growth is impossible in the long run. This has been prove so many times that anyone claiming it as a basis for real world calculations should just go ahead and check themselves into either the mental ward or the Federal Reserve. "On the subject at hand, I think you'll find the price is about the same as buying ants, when you factor in electricity, except that you'll eventually (much sooner than 5 years) have to either turn the ants off, or mine alts with them. As with all things Bitcoin, it's something of a gamble. It's one that has paid off handsomely for me, and I will continue to solicity referrals and buy GH's. There are too many customers for too long of a period for it to be a ponzi. I suspect they're being circumspect because it keeps people off their back, including the bastards that keep DDOSing every public pool. By maintaining the secrecy, they have less of a target painted on their backs. I don't know this to be true, but it's a good line of reasoning." Challenge: Do the sums, buy an ant and sell the GHS. Can profit? at current prices on both, 2.10 per GH/s for an Ant, $2.70 GH/s for pbmining. calculate electricity and PSU into it, and I suspect you're looking at a better deal at pbmining. There are too many regional variables for that to be a blanket statement, but it's going to be generally true. @ $.10 kw/h, the ant eats just shy of 87 cents a day, so right out the gate it's more expensive to operate. And you pay that every day you run it instead of just once in five years. You can profit both ways, and if you play Alt mining and trading games you MIGHT outperform the bitcoin mining at pbmining. I think they are both valid investment vehicles. But very different animals as well. Ants give you more flexibility, pbmining gives you more stability. The electricity cost vs. difficulty pretty much means that even though the linear growth cannot continue, the ant will cost more to operate than it returns well before five years have passed. AT least in bitcoin. |
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If it were a scam, you wouldn't make an ROI. If they didn't pay you every sunday like clockwork, you would not make an ROI. If you don't break even, but still got paid, then you made an ROI.
Except, in a ponzi there's always a bunch making a profit. That doesn't make it less of a scam. Honestly, the subject has been debated to death. Anyone still opting to invest only has themselves to blame when the payouts stop coming. I get it, you're pulling revenue from a different source. If you spam "pbmining is great" enough times, you'll get more signups through your referral. That still doesn't help the other people who genuinely believe it's a good investment. Your point is taken. I do however think they're legit. I chose the avenue of referrals because I enjoy the game, partially, and because I posted the link in my sig on a total whim and it paid off Truth is since I started actively promoting it I've done worse than when it was just sitting there. Mainly, though, I compared the cost to existing hardware, vaporware scams, er, I mean, Pre orders! yeah, that's it. Pre orders. And I came down to basically two choices at the time. There are a few more now, fortunately, but then there were basically two choices. pbmining and Bitmain. Bitmain is hardware that I can put my fingers on and play with. But it don't come with a decent PSU and it sucks electricity like a politician sucks life. Still the best game in town... but when you factor in electricity costs, even as low as Idaho rates are, and the expense of a PSU, plus the possible down time from power outage, children fingerpoking, random acts of vengeful gods... it worked out better to go with pbmining. Not by much, pretty close to even in fact, but slightly better using those same calculators that the trolls love to (ab)use. There is a school of thought that holds that mining is never as profitable as buying and holding. I think people like this suffer from tunnel vision, or have a very narrow view of profit. Or just no patience. Bitcoin is at a nexus right now. It will either die very quickly, or it will soar in value. I can't really see any other outcomes. Also, to all you buy and hold people? Without us who mine, there would be nothing for you to buy and hold. Mining gold is not as profitable as trading gold. But without the miner, the trader has empty pockets. We may not be the most financially savvy people in the world, or perhaps the compulsion to hunt treasure is a disease... but we produce what others want because we want to produce it. Sometimes the adventure is worth a monetary loss. Other times it's just a fuckup, but nevertheless, without the miners there is no bitcoin/gold/silver/platinum/shiny rocks... |
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what do you think about bitcoin prices ? currently 394$ and still dropping?
is it a btc buy time and re-invest to ghs in these cheap prices??
or the bitcoing era is over?
It's completely over. They will never be worth anything again. Nobody will adopt it, as there is no central authority to oversee and steal confiscate devalue regulate it. Therefore I think it best if you send all of your BTC to this address, lest they take it from you by force. 15KU7NmtLdu49yu7ZCf5SamuSH8C9A8U8j |
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that btcminer84 guys must be reported for spamming his useless calculations again again
I disagree. His calculations are not useless. They are illustrative of several logical fallacies and can therfore be of some value if you have a strong bullshit detector. Exponential growth is impossible in the long run. This has been prove so many times that anyone claiming it as a basis for real world calculations should just go ahead and check themselves into either the mental ward or the Federal Reserve. |
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Well, everyone jump on the hater wagon now.......... If you don't like it or don't believe it'll return, don't buy gh/s, it's pretty simple! Always the best option is to buy BTC flat out and hold onto it but that's no where near as fun as mining is. I've made really good money mining and believe in PBmining!
Your answer is legitimate and I don't want to create a flame reply. I am very interested in PBMining, I already have 53 GHS with them (you can check on the global stats) and I was thinking about buying more GHS. The first purchase was a impulse purchase, I did not think about it a lot. Now I wanted to invest a little bit more and I was doing some calculations and I wanted to get the feedback of other piggies who have invested a lot. My question was: am I correct when I say that with the current PBMining price you will never ROI or am I missing something? In the first case, why people has massively invested in PBMining? Bad calculations or anything else? Thanks! I made a measurable ROI within fifteen minutes of paying my money. Due to referrals I broke even in three weeks. This is one of those things on this forum that drives me nucking futz. ROI is a very specific financial term and it does NOT coincide with breakeven or profit. It means Return ON Investment. Not Return OF investment. If it were a scam, you wouldn't make an ROI. If they didn't pay you every sunday like clockwork, you would not make an ROI. If you don't break even, but still got paid, then you made an ROI. I'm sure I'll get flamed, but I can guarantee you that if you walked into any other setting involving money management and started using ROI in the manner that it is on this forum, you'd either be yelled at, shunned, or a laugingstock. and since somebody always brings up the "language evolves" load of bovine excrement, it's only true in a general sense. ROI is NOT a general term. It's an accounting term, technical jargon. It doesn't evolve. It's definition is fixed. Short of the disciplines of accounting getting a complete linguistic overhaul, it's not going to change. ROI =/= breakeven or proft. </rant> On the subject at hand, I think you'll find the price is about the same as buying ants, when you factor in electricity, except that you'll eventually (much sooner than 5 years) have to either turn the ants off, or mine alts with them. As with all things Bitcoin, it's something of a gamble. It's one that has paid off handsomely for me, and I will continue to solicity referrals and buy GH's. There are too many customers for too long of a period for it to be a ponzi. I suspect they're being circumspect because it keeps people off their back, including the bastards that keep DDOSing every public pool. By maintaining the secrecy, they have less of a target painted on their backs. I don't know this to be true, but it's a good line of reasoning. If I were the one running this, I'd sell 2/3rd's of the actual hashpower I bought, allowing a fair amount of "slush" along with a profit. Would be sufficient to guarantee the returns as per the way PB pays out, and make a handsome amount for those who invested in the hardware as well. |
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This openSSL stuff got me spooked. Finally made a paper wallet. And now I get to be paranoid about my house burning down, instead of my computer getting hacked.
Perhaps you should engrave it on iridium plate then  now, that, sir, is a brilliant business idea I'd buy it. |
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Cryptogir, you should REALLY put up a donation wallet to help defray your development costs and compensate you for your time. Actually, you should put up 2. SHA and BTC. I have little to give, but it's yours as soon as there's a place to send it. Currently faking patience for the next wallet upgrade (sometimes things don't translate well, so before anybody yells, that's not a jab at our new and honorable dev. It's self referential. I have no patience, but I fake it pretty well )i can vouch for that, this is the man that wakes his baby up pre-emptly at 2am because he knows he has to get up at 3am to feed her. they don't come much more impatient. oh' sure. tell my secrets!! Besides, she'll wake up screaming if I wait an hour |
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Cryptogir, you should REALLY put up a donation wallet to help defray your development costs and compensate you for your time. Actually, you should put up 2. SHA and BTC. I have little to give, but it's yours as soon as there's a place to send it. Currently faking patience for the next wallet upgrade (sometimes things don't translate well, so before anybody yells, that's not a jab at our new and honorable dev. It's self referential. I have no patience, but I fake it pretty well ) |
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yes. linki is working on a serious wallet upgrade. not sure of timeline. No timeline = nothing. The openssl security issue is an easy fix, just need to recompile with openssl1.0.1g, will take only 5 mins. Not sure dev is doing anything there. I think the coin is pretty much dead. Our wallet guy is half a day out of sync with me I'm waiting on him to come online and give me an answer one way or the other. I suspect he's working on it, but I'll keep y'all informed. ...and... The client should likjely be compiled against openssl 1.0.1g for cautions sake but risk is very low for most. 0.9.0 added in the payment protocol which was a more serious point of attack. The only people possible effected by this would be people using rpc over ssl which is not enabled by default. Also, new version of the wallet is in testing. I should have more news on that in the next day or so. code base is the latest litecoin updates and does address the exploit. |
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yes. linki is working on a serious wallet upgrade. not sure of timeline. No timeline = nothing. The openssl security issue is an easy fix, just need to recompile with openssl1.0.1g, will take only 5 mins. Not sure dev is doing anything there. I think the coin is pretty much dead. Our wallet guy is half a day out of sync with me I'm waiting on him to come online and give me an answer one way or the other. I suspect he's working on it, but I'll keep y'all informed. |
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yes. linki is working on a serious wallet upgrade. not sure of timeline. |
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just listed a few homemade cards that the wife makes, easy to ship so why not, just having a difficult time with the price of eac being so low, given that shipping rates from Canada can be so high, adds a bit to the store anyway. not sure its the right customer base but can't hurt. Ill keep an open mind and see what else I got.
Lmfao, why bother. This coin is dead, you think it'll ever seen anything near the 1K satoshi highs? You're dreaming. Why you keep writing EAC is dead? Don't you have other things to do? If you do not buy EAC, why you take part in this thread? What do you want to achieve? Interesting.... pump is coming and you want cheap coins? You all seem so bullish about it, mind telling me why? There is still a community, even if we only lurk. Lmfao, what kind of community is that? Communities are groups of people with a common goal who actively work towards it. Lurking eliminates that second part. I'd say the dev team is kind dead. Look at "earthcoin", he hasn't been online for a week, and hasn't posted for long time... I see only Biomech is active and I am not even sure he's from dev team. I'm in and out due to personal problems. The earthcoin account it used mostly for official announcements and news. I have access to it, as do some others on the team. I usually just post under my own name, as it's easier to do and I can differentiate my own opinions from those of the rest of the team. I'm more or less the interface between the community and the devs |
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In light of my earlier temper fit, I have been laying low, following, doing the updates and watching.
Happy to say, today I have, for the first time, a STAKE!!!!
Thanks CryptoGir! You done good! The wallet does still go out of sync from time to time, but if I leave it be it catches up (usually). When it don't, restarting it fixes it in seconds. That's minor. The system is working.
Great job!
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Unlikely. I'll ask the wallet guys, but we're on a litecoin source. We were looking at going to the latest bitcoin core OR the latest litecoin. But neither has been completed yet, and our coders know their stuff, so I doubt this will be an issue in any way. |
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EAC community....AltAccept.com is coming and we would like to add EAC to our stable of accepted coins as we believe there is still some strong community support for this coin and it was one of the coins we were watching early on.
If any of the current DEV team would like chat....drop me a line.
Our payments system is going to concentrate on ALT coin payment processing at this point with much larger aspirations down the line....watch for the official announcement soon.
Send me a PM, we'll arrange a chat. |
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Please remove Coinex from the first post,so nobody goes there to trade.Its a dead one.
Been up about 30 hours. But I'll take care of that when I've slept |
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