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1  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you usually do after token sales? on: September 28, 2017, 01:20:33 AM
Typically, I will do a lot of research before investing my hard earned funds into a given ICO. There are many fakes and phonies out there that are simply trying to cash-in on the hype surrounding the industry. I will check for the following first:

1) After reading the whitepaper, does the company have a coherent vision/roadmap to be pursued upon completion of the ICO?

2) Do they have a solid team of LEGITIMATE advisers?

3) Are they selling an original concept or are there numerous other companies already established that will generate competition?

4) Is the project back by a legitimate, high-profile corporation/institution/organization? (Examples of such companies include: any of the major banks, government entities, well established industry leaders like Amazon or Overstock.com, or any major financial services firms such as; Deloitte, PwC, Accenture) Chances are, if any of these companies see fit to put their name on the project and/or provide funding, they have probably done far more extensive leg-work and research than you have time for.

5) Have they partnered with exchanges and, if so, what s the quality/popularity of such exchanges? I want to make sure that I have the ability to exit an investment before I make the decision to enter in the first place.

These is simply a preliminary checklist I use when evaluating a currency, ICO, or blockchain-based startup. There are plety of other things to be considered before placing an investment in ANY venture, but this is a good place to start. Once I have acquired the coins which I am due, I will typically transfer them from my Ethereum wallet to the exchange on which they will be traded as soon as possible so as to take advantage of potential price movements. As far as determining the best time to sell, I will set a percentage gain that I am hoping to make from the investment. Once I have achieved that gain, I sell and don't look back. It is important to stick to your guns and have conviction in your decisions, else you risk losing money or worse... your sanity.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] | PARAGON | Revolutionizing the Cannabis Industry | on: September 26, 2017, 01:52:33 AM
This is yet another example of a business startup combining blockchain technology and legal cannabis without providing any worthwhile value for the members of the medical marijuana industry. What the hell does rented office space have to do with helping cannabis startups get off the ground in states where is/will be legal? This is an entirely fragmented idea without any form of legitimate plan for capitalization.

What the industry needs that you should consider:

1. Banking services - federal banks are not permitted to accept funds from dispensaries as it is still federally illegal. It would be simple to create a wallet client that allows users to pay employees, expenses, and send/receive invoices.

2. Funding - it is speculated that the cost for licensing in the state of Michigan will soon be as high as $100,000 USD. The same wallet client mentioned above may be utilized as a conduit to provide business owners with a P2P network (similar in nature to that of NEO or NXT) where smart contracts can be created that will facilitate the funding of up-and-coming cannabis ventures; effectively providing a secure lending platform through which interest may be earned on investments similar to the way in which interest would be earned from USD sitting in a bank account.

3. Secure medium of exchange - being that the industry is virtually all cash based due to the aforementioned banking restrictions, a hostile and sometimes dangerous environment is created as vendors are forced to hold as much as $100,000 or more [in cash] at a time. By providing the industry with a secure currency through which B2B and B2C transactions may be facilitated, the problem will be effectively mitigated in theory.

PS: I didn't mean to come off as sounding rude at the beginning of this post. This is simply something about which I am very passionate and it pains me to watch blockchain startups flounder as they attempt to create a solution. Trust me, if I had the resources at my disposal, I would not be typing this out to you right now. I would be executing the plan I just laid out.

Best of luck
3  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 on: September 20, 2017, 09:28:33 PM
Should the ICO not garner the 40 000 ETH, how will the first DAFs be seeding if not by Napoleon Crypto?
4  Alternate cryptocurrencies / Mining (Altcoins) / Re: Antminer D3's will be obsolete by June 2018 on: September 20, 2017, 09:14:35 PM
The Antminer D3's are specially made for mining the x11 hashing algo. Could they not be adapted to mine other alts utilizing x11 that might have a far lower difficulty than Dash?
5  Alternate cryptocurrencies / Mining (Altcoins) / Why are ASICs bad? on: September 19, 2017, 11:58:24 PM
Recently, I have been researching the various types of hashing equations used by the many different altcoins available on the market currently. Throughout my research, I would find mixed feelings amongst the authors of particular articles and from members of different mining communities regarding the apparent contempt for ASICs miners. In general, the criticism of ASICs processors with regard to a given currency would come about after a long period of incompatibility with the the devices. Once ASICs compatibility is achieved, people will often say the currency has been ASIC'd... why is this a bad thing?

I was hoping someone could shed some light as to why the OG members of a given mining community might be turned off by the advent of ASICs compatibility. Is it simply because there will be greater competition amongst miners? Does it have something to do with the fact that the difficulty will be increased at a new, exponential rate due to the computing power of the ASICs?

Thanks a bunch!

JG
6  Alternate cryptocurrencies / Mining (Altcoins) / Bitmain - Antminer D3 setup on: August 28, 2017, 08:09:49 AM
I was recently able to purchase three Antminer D3 ASICS processors that will be arriving sometime in November of this year (I think I was in on the second batch). I have kind of thrown myself to the wolves in terms of getting started in the mining. I have never setup a rig before, however; I am confident that with the aid of the internet, and forums such as this, I will have no trouble getting my rigs up and running.

What I am curious to know is the peripheral equipment that will be needed in order to get my rigs going. I realize I will need to purchase a power supply and all sorts of other things. I am just wondering if there is anyone out there that can shed some light on what exactly I will need to purchase, and I where I might be able to find it. Also, What do you guys think would be the best mining OS to use?

Thanks a bunch!
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