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1  Alternate cryptocurrencies / Mining (Altcoins) / Re: I'm glad I didn't buy any more video cards, a 1080ti barley makes $1 a day on: March 20, 2018, 08:58:35 AM
I stopped mining crypto a week ago no reason to make my rigs work when we are in bullshit age i wait and use my rigs when something profitable comes along.

You'll be waiting until the heat death of the universe. Might as well put your rigs to work on cracking Satoshi's private keys, it'll be more profitable over the timeframe  Cheesy
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Minexcoin - A new era of payments on: March 11, 2018, 02:09:21 AM
Network Hash rate is increasing like crazy lately, my Luck has doubled within the last week, soon it won't be as profitable to mine as Nicehash/MPH Sad

I really like mining it because lolminer is very power efficient and my GPU temps remain cool. I don't feel like I am abusing my cards, like I would be if I was mining ethereum or something.

Also monthly parking is the best rate atm. Compounding is very simple. Add 1 to the rate, then raise it to the n'th power (n = compounds/year)

Daily: 1.0024 ** 365 = 2.39875650196, profit = 139.88%
Weekly: 1.0189 ** 52 = 2.6475321128, profit = 164.75%
Monthly: 1.114 ** 12  = 3.65276968652. profit = 265.28%
Yearly: 1.702, profit = 70.2%

Monthly is the best return right NOW, but keep in mind if rates plummet, it might make locking in a longer term more profitable. So while 70.2% may seem like the worst, it can turn out to be the best if all the rates drop to 20% of their current value within 3 months.
3  Alternate cryptocurrencies / Mining (Altcoins) / Re: Gateless Gate Sharp 1.2.10: zawawa's open-source dual ETH/XMR/PASC/LBC/FTC miner on: January 27, 2018, 10:43:50 PM
Tried this out first time today, good rate on neoscrypt with my Tahiti 7870 but then it got to dev fee and gave me authentication error. now no matter what algo i try I still get the error. Gave up for a couple hours to try again now, same thing.

Code:
2018-01-27 15:42:17.2132 [1] Launching NeoScrypt miners for NiceHash...
2018-01-27 15:42:18.1270 [15] Miner thread for Device #0 started.
2018-01-27 15:42:18.1310 [15] Loaded BinaryKernels\Tahiti_neoscrypt_64.bin for Device #0.
2018-01-27 15:42:18.1410 [15] Built neoscrypt program for Device #0.
2018-01-27 15:42:18.1410 [15] Build options: -O5 -legacy -IKernels -DWORKSIZE=64
2018-01-27 15:42:18.2582 [1] Stopping miners...
2018-01-27 15:42:18.3422 [15] Exception in miner thread: Stratum server failed to send a new job.   at GatelessGateSharp.OpenCLNeoScryptMiner.MinerThread()
2018-01-27 15:42:18.3593 [1] Stopped miners.
2018-01-27 15:42:20.1219 [1] Launching NeoScrypt miners for NiceHash...
2018-01-27 15:42:21.1110 [15] Miner thread for Device #0 started.
2018-01-27 15:42:21.1161 [15] Loaded BinaryKernels\Tahiti_neoscrypt_64.bin for Device #0.
2018-01-27 15:42:21.1291 [15] Built neoscrypt program for Device #0.
2018-01-27 15:42:21.1291 [15] Build options: -O5 -legacy -IKernels -DWORKSIZE=64
2018-01-27 15:42:23.2521 [1] Stopping miners...
2018-01-27 15:42:23.3322 [15] Exception in miner thread: Stratum server failed to send a new job.   at GatelessGateSharp.OpenCLNeoScryptMiner.MinerThread()
2018-01-27 15:42:23.3512 [1] Stopped miners.
4  Economy / Speculation / Re: Bitcoin crash, when will it end? on: January 22, 2018, 11:54:41 PM
The markets are not ran by the traders anymore, but by the exchange owners. Completely manipulated markets with price fixes, buy all orders, and Tether pumps. Just watch Bitfinex's BTC/USDT pair and see for yourself. Bitfinex and Tether is running the biggest scam Bitcoin has ever seen. It's all going to come crashing down whenever they are ready to exit.

https://www.bitfinex.com/trading
5  Economy / Speculation / Re: Sugar, We're Goin Down on: January 22, 2018, 01:38:17 PM
This is what you get when you prop a market on Tether (monopoly money)
6  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Ponzi scheme? on: January 21, 2018, 11:42:11 PM
Bitcoin is negative sum game, and with Tether, real dollars are leaving and going into the scammers pockets and fake dollars are entering. Bitcoin itself is not a ponzi, but in it's current state with scammers running central exchanges, it all but is.

Tether is greatly accelerating the collapse of crypto.
7  Bitcoin / Bitcoin Discussion / Re: HOLD your sh*t on: January 21, 2018, 11:22:34 PM
So the dumb noobies who 'sat there and took it' from the time bitcoin was 5$ till now really needs to learn how to 'trade' from a guru like you, huh?

The fuck outta here with that shit..

Yeah those people generally don't exist. They mined back when it was $5 and sold when it was $10 or 20 for 400% profit. They didn't have the ability to read the future and think "if I just hold til December 2017, this will be worth $19000".

Most of the people who actually make it rich with Bitcoin are scammers and hackers. Or drug dealers who had Bitcoins left in an old wallet they forgot about, then saw the news and said "bitcoin is worth HOW MUCH?!" . Hard drive failures, giant hacks and scams, forgetting passwords/passkeys, etc makes people who got rich from Bitcoin a rarity.

I got out of the trading market @ 12700 because the Tether manipulation/pumps/price fixing going on the last 3 days is too great to ignore now. The scam in the works is larger than Mt Gox as you will see in the coming days. Can you hear the Tether printer warming up again?

edit: uh-oh, I said something negative about the near future prospects of Bitcoin. Must just be spreading FUD cuz I am secretly a banker scared of crypto.
8  Bitcoin / Bitcoin Discussion / Re: HOLD your sh*t on: January 21, 2018, 10:18:07 PM
Market cap is a useless number to ever look at with crypto, it's a zero sum game. Just two players in a zero sum game can bring the market cap to any arbitrary number.

Imagine you create a new crypto, and mine 1 billion coins for yourself.
Your friend also creates a crypto, and mines 1 billion coins for himself.

You tell your friend "I'll give you a thousand dollars for one of your coins, if you give me a thousand dollars for one of my coins" and you both agree. You exchange $1000, meaning $0 between you two.
Last sale price of one of your coins? $1000. Last sale price of his coin? $1000. $1000 x 1 billion = 1 trillion.  Congrats, you are both the world's first trillionaires in terms of market cap. Despite the fact that $0 has really been exchanged.

Instead, you need to look at if you are putting money INTO the system, or taking money OUT of the system. If you take out more money then you put in, you made a profit and are winning the game. If you put more money into it than you take out, you take a loss and are losing the game. Guess what holders do? They lose. The only thing you are holding is the bag.

The fact that HODL is a meme and an army of people are trained to sit there and take it is why professional traders love crypto. In any other financial market, the investors generally know they must be defensive at all times. You don't hold a losing asset. You get rid of it, and when it represents good value again, you rebuy in at a lower rate. You save yourself from loses and maximize gains. HODLers are such noobies that they make crypto markets easy prey for manipulation.
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