If you need proof contact me to show you
Good, while you do that please provide me with an expected return of investment on your product in months. Taking into account BTC difficulty and power consumption please. |
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Of course they are. Expecially in arbitrage "setting up" requires big money which people can't just withdraw at leisure. It cannot be sustained. He is just a shill for btc-arbs or a very weird trader which doesn't know the difference between primary and secondary bond market. YET he managed to raise money for his kids trading options for years, which is downright gambling. Suuuure...  Just look at his post history. Stalwart BTC-Arbs defender. |
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You guys are defending a site that locks you in for 120 days? In 20 years of trading that is the shadiest thing I've ever heard of! (My trading includes stocks, options, ETFs, etc.) I actually considered trying bitcointrader.biz, but was too put off to try.
Both bitcointrader.biz and btc-arbs.com are equally poor about revealing trades or basic information, which really brothers me too. However arbitration trading and mining are completely unrelated but I have seriously wonder about it. Bitcointrader.biz seems much more likely to just be a Ponzi scheme with its 120 day lock-ins and results that don't seem to jive with what is going on in the market. Even the mining results pay far to much to be real. The share concept is another way things can be hidden, seriously if you are doing arbitration trading you need both bitcoin and currency. Converting everything to currency is wasteful at best and at worst deceitful.
In the end, bitcointrader.biz is far to shady for my money. The only thing they have going for them is that they have been around a lot longer.
Man, come on... you claim to have 20 years of trading. Sorry, I actually have 3 FOR REAL and comparing stocks, options, ETF and such with BitCoin arbitrage is like trying to find a match between whales and watermelons. The products you mentioned earn a commission to the provider, he/she is not actually using your money to make a profit just "dealing paper for cash and viceversa". They do not care if you buy thrash or gold. Commissions, commissions, commissions. Win-win. As a veteran you should have mentioned bonds that, guess why, only pay nominal value at maturity because the company actually needs the money to operate. They are doing (claim) arbitrage on borrowed money, not having a lockdown period is SHADY AS HELL. A simple example: btc-arbs pays interest at a specified time of day. I could deposit cash ten minutes before and withdraw with ~1-2% interest ten minutes laterThe mining results pay too much?? Sorry again, but at current market juncture no one is buying mining shares anymore because their current break even is at 200+ days. And that will worsen over time as difficulty increases and CoinTerra/Knc throw PHs around in June and July. Bitcoin Trader Inc. offers mining shares to people who don't want to risk a negative return of investment. Ah, for what its worth: http://www.scamadviser.com/check-website/btc-arbs.comCheers |
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I guess everyone is entitled to his own opinion. Good luck.
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It shouldnt have. Big drops should create big arb opportunities. BTC arbs got over 2% today. Hopefully tomorrows % will be better.
This assuming BTC Arbs its legit. It looks shady as hell, tells lies about its geolocalization and is operated by a user of this forum which is trying to sell 1 THs machines at 3800$ for some days. |
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Maybe a capital letter in your password?
I bet on an unallowed symbol like "/" or letters that only exists in certain keyboard configurations. Stick with numbers and lowercase/uppercase letters and it will work smoothly. |
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I deposited BTC into my account.
It seems it got converted to USD, which I then bought arbitrage shares with at $20 each.
When it comes time to withdraw, will it be in BTC or USD?
Thanks
The system uses USD dollars, so if you deposited BTC they were converted to USD at Coindesk rate. When you will decide to withdraw you will see your cash listed under "Bitcoin" processor. If u wish to use another method (Bank wire, OKPay ecc.) you will have first to change processor under Currency Manager. This action carries a 1-3% fee. |
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Power Consumption? I know the Zeus clocks at 2800 W but Olympus is unknown to me.
About 2100 W Please check at the wall, this is around the power consumption of a TerraMiner IV with 1.2-1.3 THs more hashing power. |
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"macchine con una efficienza attorno agli 0.5 GHash per Watt "
"a 0.893 BTC glieli avrei tirati dietro uno sopra l'altro, altro che lasciarli a fare 0.014 BTC/giorno (ad adesso 3,4 euro) con 8,6 kWh di consumo giornaliero"
Potresti spiegarmi ciò che hai scritto , perchè non riesco a capirti .  Certo! La bontà di un miner si giudica dalla sua capacità di produrre GHs e quindi BTC in un certo lasso di tempo contro il suo costo elettrico d'esercizio. Un Antminer S1 ha 180 GHs per 360 W di consumo quindi mezzo Gigahash/s per Watt. Tu richiedi 0.893 BTC + 119 euro contro una produzione giornaliera di 3,4 euro. Per rientrare dal costo dell'apparato ci vogliono 135-140 giorni senza contare l'aumento sicuro della difficoltà e il costo elettrico di 8,6 kWh giornalieri (360 W * 24 ore = 8600 Wh) E questa è matematica, inutile discuterla. Da lì il mio "a 0.893 glieli avrei tirati dietro ecc.. ecc.", perchè SECONDO ME almeno avresti recuperato una buona porzione dell'investimento. Se poi sei convinto di riuscire a piazzare a qualcuno gli AntMiner S1 a questi prezzi fai bene a insistere! C'è anche chi tenta di vendere un preordine per 2 Butterfly Monarch 600 a 11000 euro su Ebay dopotutto |
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The units are hosted with Minersource.net, the cost per month for the 4 units is 650 USD.
I will ask the host to send me pics and I will post them as soon as I have them.
I can post screen shots of the CT interface for each box if that is of interest to anyone.
Cheers
650 USD for 4 units is a really good deal. Congratulations! However I don't think you need to bother with pics and such if you ask for 15 BTC each. Are you firm on this price? |
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So the shipping company drops and damages a miner, it's the buyers fault although he has no way to deal with it, even if insured it's the senders responsibility to file a claim..
+1 that. Steep price and weird escrow release. Hard to find a deal. |
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I can sell for lower...
He keeps asking for around 8.55 BTC for a 1 THs unit with no brand. People here are selling TerraMiner IV for around the same cost (and it is overpriced) Nothing personal, verifiable reality /thread |
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Hi, I am looking to buy an ASIC Miner with an hashing power of at least 1 THs
Please reply with unit characteristics
- Hashing Power (normal and overclocked if possible)
- Power consumption (normal and overclocked)
- Ask price
- Brand / Technology used
- Operating time, I'll pay more for a brand new unit.
Thanks!
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Still no changes in price?
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Hi,
Pictures/proof? Cost of hosting after six month? Which company are we talking about?
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A quanto ammontano le performance in dual mode visto che non farà mai 10 GHs sha256 e 361 kHs scrypt insieme?
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Aggiornamento:
Visti i movimenti di mercato tutte le offerte per Antminer S1 al di sopra di 0.698 BTC non mi interessano più.
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Is this auction over? Did squall fluke or pay?
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Prices are firm
Sorry to hear this as 8 BTC is out of market. If you change your mind we can start talking at 6.5 BTC otherwise good luck with your sale. |
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Power Consumption? I know the Zeus clocks at 2800 W but Olympus is unknown to me.
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