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It would be very good trait, if it would be possible to implement it. It would be a very powerful weapon against scams and ponzies. But I do not think this is doable.
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All Bitcoin-related companies need to offer salary in bitcoin. Put up or shut up.
Not only salary, vendors and large manufacturers are the key. Once retailers can replenish their stock by paying their good in BTC, we can hope for less sell pressure and volatility. |
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Has anyone used them before?
If so:
How smooth was the process to buy from them using BTC?
Have you confirmed the quality of the metals received from them? Looking to purchase some Silver.
How does this work, you order and you actually get precious metals delivered to you? Yes. If you have any questions before placing your order you can reach out to customer support and even place the order over the phone at 1-800-882-8496. Thanks! I m in Europe. How does shipping work for EU? |
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Any plans on adding more coins in the future?
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A closing loop could help stabilization of the price of bitcoin, but I doubt such loop can really be setup.
I think at the bitcoin's adoption rate is increasing, more and more merchants, individuals, vendors are adopting and using bitcoin. The bitcoin's ecosystem is forming. Ppl will find the benefit of just keeping bitcoin rather to dump to cash paying the conversion fees every time. Not so sure. Some recent research show that the speed of merchant adoption s actually decreasing. Coindesk latest report for example. |
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I noticed that DMD is in Top100 coinmarketcap. Sounds like a very good achievement.
Top 100 s nothing. We re going up to 50. |
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The problem is that without selling them the retailers are assuming risk that the exchange price will fall - meaning their value falls. Not to mention they don't currently have a means of using the coins they earn, a majority wouldn't accept BTC as an alternative to fiat for their pay packet, mainly because they don't know what it is or don't have an easy means of spending them in comparison to fiat (let's be honest here - nearly everyone accepts fiat, very few accept BTC).
I fully agree. This is why people speculate 21 s going to be something about bringing vendors in the story. Cause if I am a retailer and I can purchase my inputs for BTC and replenish my stock the moment I sell an item, why would I exchange BTC for FIAT. If nothing else, this would reduce the amount being exchanged for FIAT. |
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Home mining, probably not. Mining industry has become very competitive and it s very hard for newbies to actually build up any sizable farm size to stay in business. All in all, it depends on your electricity price and the ability to achieve economies of scale. In other words, to buy as many miners as possible at the lowest possible price. I highly doubt many newbies can do that.
If they have cheap electricity and plan it out yes they can. You get some of the advantages of scale as you buy from a asic maker who made a ton of machines. Now you need cheap electricity, that is not everywhere I agree on that. Also really need a place without high import tax/vat. You just have to mine smart. I personally have started to put together my summer mining area. I will use fan's to cool miners during summer as AC is to expensive to do it with. I still prefer cloud simply due to the fact you can easily upgrade your cloud farm and more importantly get out and sell your farm in case you do not like how things develop. It s gonna take months for a newbie to optimize the farm and everything related and do not forget we are getting closer to that reward reduction in 2016. Nobody knows how s that going to affect mining. |
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I was in the same boat sorta. Im worried I'm not computer savy enough to get the most out of mining. Instead I decided to get into the p2p lending. I'm using bitlendding club. Started with 2 btc spread across 12 loans. I earned $34 in my first month and am now increasing my investments.
The free electricity is nice but you will blow circuits with multiple miners imo. I'd run just 1 miner and I bet you can slip under the radar.
This seems as an interesting alternative. What about losses, non paying loans? |
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Has anyone used them before?
If so:
How smooth was the process to buy from them using BTC?
Have you confirmed the quality of the metals received from them? Looking to purchase some Silver.
How does this work, you order and you actually get precious metals delivered to you? |
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Its 20 pages thread. Could you pls sum up the result in 3 sentences? Thx |
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Here is the whole official announce: Hi all - Due to the falling bitcoin price this week, ANTS2 and UMISOO contracts currently have higher maintenance fees than they do revenues.
From April 14th, 2015 (Beijing time, GMT+8), Hashnest will calculate once daily ANTS2 and UMISOO expected revenues on a PPS basis. This calculation will be performed between 12:00 and 13:00 Beijing time each day. If this calculation returns a negative result, the losses will not be deducted from your remaining balance.
If negative income conditions persist for ten days in a row, ANTS2 and UMISOO contracts will be terminated.
Currently, theoretical PPS return per terahash should be 0.01017BTC, and the daily electricity cost per terahash of ANTS2 and UMISOO is $2.304 USD. As long as BTC price is lower than $226.54 (2.304/0.01017), the electricity fee will exceed the mining rewards.
The bitcoin price used will be the CoinDesk BPI USD price. When we wrote $226.54, we used it to calculate the situation "ANTS2 and UMISOO contracts will be terminated". BTC price used to calculate will change along with difficulty increasing. Hashnest will pay you by PPS mode instead of frequently changing between PPS and PPLNS mode due to the fluctuant BTC price. It is the best way to reduce user's loss under current conditons. Janet, I see hashrate on Antpool s been rapidly decreasing recently. What do you think might be the reason for this? Recent bad luck of the pool? |
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yeah all4btc is very similiar, actually is brawker that copied it
Have you used it personally? Has anyone else used it? I do not like to play with untested services. personally i'll not use such service for buying big items, too much risk, and i don't know how they will handle taxes, brawker was okish for small purchase like videogames Brawker was also pricey on some items. I tried to get a few things and every time it was too expensive when calculating markup and fee. |
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Yes. Ideally a bottom up approach would have worked. The vendors at the start of the business chain should have adopted Bitcoin, followed by B2C companies. The reverse would work too.  Having said that, we shouldn't really be bothered about the price now. Yes, this would be a way towards life exclusively on BTC. However, I do think his presentation s a bit too optimistic. Alternatively, maybe he s got more info then I do about the current state of crypto economy. |
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Does 21 pay salaries in bitcoin? I don't think the question was asked.
Hah. A good point. However, he only hinted they ll have something to do with including vendors in the loop. |
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I haven't mined in about a year. I now have access to entirely free electricity. Is mining worth my time, from my calculations it seems like it will take about a year or more to pay off any equipment. What would you do?
Always the same story. We re talking here about plugging in your radio. We are talking about much more more. If you try to plug this in, somebody s gonna figure out, I can guarantee you that. All in all, it s not worth it, go cloud or try some staking. |
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Seems a lot of mining facilities are located in Mongolia where the earthquake was. Has anybody any information about the impact on these?
Never heard of a single farm in Mongolia. Where did u get that info from? |
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morda i don't understand your signature. you request a tip for investigate of the scam of cointellect ? what's up to investigare? it was a ponzi like more other
What s to understand? He wants to try to do find a legal way to get his money back. It s highly unlikely but why not try if he s got resources to do so. After all, its EU. |
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Video footage from a recent call Josh had with his lawyers.... Very telling. Again the same question. If he really broke so many laws, how come he s still around? It's better to take a long time to build a strong case than it is to act quickly on a weak case. With the level of evidence they have at this point, the government will almost certainly get a plea agreement out of him, saving them time and money, when the time comes. Then people say we do not cryto related regulation. What s wrong with scammers getting what they deserve? |
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