I'm not sure if this was asked before. By the time they deliver the units, wouldn't the difficulty rate be at a point which would render the 5mhs or 25mhs you're getting useless?
The asics will not provide and exponential hash rate increase like we've seen with sha-256. In fact GPU's will be able to compete as far as hashing power goes, but the Asic will win on less energy consumption so the electric bill wont be so astronomical. ^-- This is the best reason for these machines. If I can cut down from using 100amps of power and get the same--even more--hashrate.. I'd be super thrilled. Yeah great at what expense though? That is a hefty price to pay for a cut in the energy bill, upfront, and who knows where the price will be next year. If I examine it purely from an electric bill standpoint, the unit would pay for itself instantly as soon as it began mining. How could you not see the benefit? Even if the machine only mined at half the estimated speed and took up 1,000watts, it's still ahead of the game. At least for me. I use scryptmining to pay for its electric bill, and to still provide profit. Something like this is a benefit, despite the cost. You are all assuming that the company will deliver and will stand behind their promises. If they do deliver then yea, you will double your profit because you won't pay astronomical electric bills. On the other hand but you are paying upfront 2-6 months in advance and that money isn't mining while you wait, meanwhile you could purchase GPUs and start mining, and by the 4 month mark your rig will have paid for itself even with the electric bills. Keep funding them with your money for a promise that doesn't even have such a good return/risk ratio  Such is the gamble. Speak with your wallet. We get it, it is a no for you. It is a yes for many of us. We are taking the chance. Being in Cryptos is a HUGE chance anyways for most people, getting into ASIC SHA256 mining is a chance on top of that and now into Scrypt mining (the FIRST one), is an even huger chance. I like the chance. I like being a part of history, regardless of the results. Such is life. Well you are here for the gamble and the thrill, not for making sensitive decisions. My post was about sensitive decisions. |
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I wouldn't even try to transfer 1 million USD to my bank account if your account doesn't handle those ammounts regularily.
Try doing it slowly if possible over a few months, or try selling your BTC for cash locally.
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I'm not sure if this was asked before. By the time they deliver the units, wouldn't the difficulty rate be at a point which would render the 5mhs or 25mhs you're getting useless?
The asics will not provide and exponential hash rate increase like we've seen with sha-256. In fact GPU's will be able to compete as far as hashing power goes, but the Asic will win on less energy consumption so the electric bill wont be so astronomical. ^-- This is the best reason for these machines. If I can cut down from using 100amps of power and get the same--even more--hashrate.. I'd be super thrilled. Yeah great at what expense though? That is a hefty price to pay for a cut in the energy bill, upfront, and who knows where the price will be next year. If I examine it purely from an electric bill standpoint, the unit would pay for itself instantly as soon as it began mining. How could you not see the benefit? Even if the machine only mined at half the estimated speed and took up 1,000watts, it's still ahead of the game. At least for me. I use scryptmining to pay for its electric bill, and to still provide profit. Something like this is a benefit, despite the cost. You are all assuming that the company will deliver and will stand behind their promises. If they do deliver then yea, you will double your profit because you won't pay astronomical electric bills. On the other hand but you are paying upfront 2-6 months in advance and that money isn't mining while you wait, meanwhile you could purchase GPUs and start mining, and by the 4 month mark your rig will have paid for itself even with the electric bills. Keep funding them with your money for a promise that doesn't even have such a good return/risk ratio |
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this altcoin craze has been going on for about 8-9 months now, probably people that are trading BTC or LTC for these altcoins are starting to realize that they are just holding big bags of worthless crap.
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Please everyone point your GPUs to coinye so next LTC difficulty is lower.
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Oh look, still no binaries and no details.
Let me make a prediction, OP will release sourcecode 10 min before launch and binaries 1 hour later after it has been instamined.
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I send Visacoin 2BTC. I ask him to send me my money back after the rumor about the SCAM allegations. He didn't respond to my message for 2 days. This is the prof. Visacoin is a SCAM.
No sympathy for you. LOL idiot. |
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Another "newb" announcing a "new" coin.
This is new.
Will be back when thread is 150+ pages of people wondering why the price crashed.
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Their whole "30%" down deal is BS. WTF is it good for if you still have to put 70% down 8-10 weeks before shipment? YOU STILL HAVE TO PUT 100% DOWN WAY BEFORE YOU EVER SEE ANY PRODUCT!
The way I see it, the 30% funds the ASIC engineering development. Then the 70% funds the mask set and initial wafer batch (hence the 8-10 weeks which matches an optimistic version of the foundry turnaround time). The way I see it: 30% of the funds are used for their expenses and manufacturing, this wey they don't have to invest a dime, they will receive the first batches and mine the hell outta them for a few months. 70% Then they receive the rest 70% which is their actual profit, keep mining for a few weeks and then they ship to you when the difficulty is already up and you will just break even a few years later. LOL at all the idiots that preorder this shit. |
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Their whole "30%" down deal is BS. WTF is it good for if you still have to put 70% down 8-10 weeks before shipment? YOU STILL HAVE TO PUT 100% DOWN WAY BEFORE YOU EVER SEE ANY PRODUCT!
Hey, talking sense is not allowed in this forum. |
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If you mean send BTC without transaction fees it is possible although will take longer to confirm. Although it is always better to send with fees not only for speed but to support Bitcoin!
Yes, please pay your fees  |
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Looks promising.
Reserved.
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What posters above me said  |
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Lets see where this goes.
Just speaking for myself, but I can't see myself paying 30% upfront for a promise of delivery 3-6 months in the future of an untested and unknown product.
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Please keep mining it and keep LTC difficulty at bay.
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Lol, idiots gonna idiot. No sympathy for the retards that traded BTC or LTC for this shit premined coin. |
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Sent 1 BTC
A fool and his money... I Can sent 1 BTC also to you, as i sent to Aerocoin  Got it thanks.  |
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Buying 50 million for 0.01 LTC
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