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Well, if you don't want folks to fall for this 'bad' investment and sully the coin and possibly ruin their lives and time and frustrations. Then you agree the mining reward should be abolished. Fix the problem. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Then lets get rid of those pesky transaction fees too. That's stealing. Nobody should need to actually work for what they receive. All means of earning should be abolished for the good of mankind. Edit: on a more serious note, if you abolish the reward you abolish coin generation and abolish the coin altogether. So what you really want is to abolish Bitcoin. This I am sure it will survive. And if a fork is needed to fix the difficulty due to so many farms shutting down, then that is all that might need to happen. If people want this to survive, they will mine, just, it wont be for the mining incentive. And nobody will get scammed by these companies either. So, it is better for everyone.
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mining is/should be voluntary, no mining reward means no corporate scams (bfl, knc). ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) full pre-mine and sell off the main web-site (based on the price at an exchange or an average).
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Sure it is. They could get a loan then? 10k for something that only 5 months ago looked worth it. Yea, they twist it and use is, its a scam. The mining incentive allows companies to do this... So: The mining incentive needs to be removed. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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I'll just re-post this so that others do not have to scroll to the beginning. Perhaps someone can contribute something. Some have expressed concern that the coin would not survive without the mining incentive. I think, if the world wants bitcoin, then it will survive by means that do not cause companies like BFL or KNCMiner to rip off its customers. I'm sure it will survive. Please proceed:The mining incentive is a scam. Everyone who supports a coin with a mining incentive is a criminal. Mining incentive needs to be removed from all coins. The mining incentive is a scam. http://www.vnbitcoin.org/litecoincalculatorNo incentive, no war, probably only exchanges would ever buy hardware. I will re-post this recommendation, you can be sure of that. In the mean time. Join the class-action.
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Hi Guys ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But, what about the idea.
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Refund your customers Sam. Do it, or be faced with the difficult decision, of exactly how to liquidate your company to me. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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After (some) research, MANY believe the mining incentive can be a nice business to get into. Instead MANY are being scammed by these hardware manufactures.
It does seem to be or at least has been a nice business to have been in. Whats wrong with that? Many are buying or have bought hardware of their own free will. That does not constitute a scam? Sure, Titan batch1 not delivered yet. Folks paid 10k for it and look now: http://www.vnbitcoin.org/litecoincalculatorPay close attention to the 'days to break even', then try to tell me the company did not know about this. Then try to tell me where on kncminer page you see the company explaining that it is not an investment, in a way that everyone can understand, are they trying to really tell the customer that this is a bad idea if you intend to obtain an ROI (return on the investment), i think not. Anyway, I did say discuss among yourselves... Now we have: http://kncclassaction.com/Only problems. I highly recommend the mining reward be removed from all coins. Thank You, Cryptocurrency Processing.
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After (some) research, MANY believe the mining incentive can be a nice business to get into. Instead MANY are being scammed by these hardware manufactures. Please, discuss this topic among yourselves. Remove the mining reward, it is a scam. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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abolish the mining reward. pre-mine the rest of them and sell them. otherwise, the coin is a scam. i don't care how you solve it. I dont have all the answers. just do it. do it now. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Well, if you don't want folks to fall for this 'bad' investment and sully the coin and possibly ruin their lives and time and frustrations. Then you agree the mining reward should be abolished. Fix the problem. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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The mining incentive is a scam. Everyone who supports a coin with a mining incentive is a criminal. Mining incentive needs to be removed from all coins. The mining incentive is a scam. http://www.vnbitcoin.org/litecoincalculatorNo incentive, no war, probably only exchanges would ever buy hardware. I will re-post this recommendation, you can be sure of that. In the mean time. Join the class-action.
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The mining incentive is a scam. Everyone who supports a coin with a mining incentive is a criminal. Mining incentive needs to be removed from all coins. The mining incentive is a scam. http://www.vnbitcoin.org/litecoincalculatorNo incentive, no war, probably only exchanges would ever buy hardware. I will re-post this recommendation, you can be sure of that. In the mean time. Join the class-action.
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Nobody posted anything today yet, so I will. Tensions are high. Have not received my product as of yet and have requested a refund CCing the FBI, FTC, and a lawyer in Sweden who has already received complaints. After a phone call with them they claim a little over a thousand units were orders (most on the first day). They are still working orders generated from that first day. They may have manufactured 10 units for every 1 unit ordered and have been mining with all of them since the first few days. Slowly driving the difficulty up. Now that it is unprofitable and pressure from the public is high enough, they are starting to release a few miners. They claim that customers did not purchase ROI for a machine, that is literally only designed to do one thing... make money. If it does not 'make money' at least a return on the investment KnC, then you are not delivering. Standing by, not quite sure the world will give you or any other manufacture another chance ever again. Not without Proof of coordination between all competitors.
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Hi guys, I need KnC to RMA the ROI issue... any tips? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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My god, this looks like the perfect forum to put this, at last, a sheep among sheep.
Hardware cannot reach a return on the investment. So... NO. Bad idea. Expect to lose your investment. Check calculators with a difficulty change over time to see if in 1 month you will be making the same... you won't be... there is simply too much hardware being brought online by too many manufacturers and they have only hurt themselves. Do not buy hardware, you will loose your investment. They are now knowingly trying to sell you goods they know you cannot profit from, but simple calculators say that you will. Good Luck. (Good Luck to us all, I suggest you all re-post this comment where ever you ended up getting sucked into this black hole business, stop others, stop the new hardware, and maybe we can ROI, this includes all over china so get someone who can translate this to Chinese & get it into their forums to).
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