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Currently 2 open invites for Merit Wallet Unlock Available. Please be serious about mining the project and send in a request for a wallet/unlock using the link and joining our community. https://wallet.merit.me/?invite=Cetra |
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Pyramid Scam Alert!!! Stay Away!!!! I have taken a good look at this project, and it is surely a pyramid scam. It is in your best interest to grow your community, so you can earn these so called growth rewards. These growth rewards are based on your community score, where score is based on a combination of things like how many coins you have, how many people you have under your community, the age of the coins you have, etc.
The problem here is, there is only so many invitations available, and they are basically produced at a steady rate. This means the supply of invitations will always be limited and will be scarce. Right now, the early adopters of this coin have the majority of the invites, stocked up from the earliest mining days. So they are getting all of the new invitees, while people are in the trading channel trying to sell invites up to 10-30 merit each, which currently translate to $2.65 - $7.50 per invite at 4250 satoshi per merit. Sure, these people claim it is easy to get invited, but to grow your community, it is a mission in it self. You can try to invite people in various ways, but the easiest way would be to invite someone through the discord or telegram. However, there are the same people there, fighting over invitees, spamming their invite link over and over again, like clockwork, some even have bots running, so your chances to get a invite is basically 0.
When you do get a invitee, the chances of that person being a real active miner is low because it was most likely a spammer, trying to make as many fake accounts he or she can. Why do they do this? because of the invite situation. 40% of new accounts eventually mine a invite over time, so people are spamming the discord bot and using posted links to generate new accounts. Many of these accounts are being made in order to farm invites. With invites only being generated at a steady rate and the spam account nonsense, how can anyone new build their community effectively without having to spend $2.65-$7.50 per invite, and without that invite getting wasted on a spammer?
This coin looks like a sh*t show, and stinks of pyramid scam. You basically can get invited for free from someone, but would then have to spend money in order to buy invites to grow your community. However, most of the time your invite will get wasted by a fake/spam account anyways. People say you can verify your invitee, but it is just as easy to log in from another computer and verify using a different username on discord or telegram.
Stay away, there are better projects out there.
Read everything you have to say and gave you a fair take but what you've explained here doesn't add up to a pyramid scheme but rather something you don't approve of because you weren't here from the beginning. From there you've just made a ton of assumptions, some may be true about others having more invites and how difficult it is to built a good community but that still has nothing to do with being a bad coin or pyramid scheme. You can always mine something that makes you 25 cents per 1080TI instead if you want. |
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The hashrate smooths out, but power spikes for this coin are literally indistinguishable from RVN. There is no benefit from a power-use smoothing perspective with this coin. I confirmed this on 6 separate rigs of mine.
Yea it's the same 16 algos and they are still in a random order it's just slightly less random. Literally the only thing they did was made it so the hashrate number in the miner be more even. There is no actual benefit and it was like 10 lines of code. No development of any value has been contributed by this team. At best you could try to mine some to try for a quick flip but I wouldn't waste your BTC trying to buy, I can't see any value here. They just cloned a repo and skinned the wallet, all marketing hype and no substance. They even used a polygonal bird for the logo. It's sickening. Fair enough and you may be right but you're also not a member of the Dev team so you don't know what they plan on doing with this after proof of concept. I heard similar talk about Bitcoin back when it came out and several other coins, they ended up worth a lot of money because of things you and the rest of us don't know about. It doesn't matter how someone approaches a project, there will always be 1000 posts on how people don't believe in it and talk negatively. |
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Premine was made, they pretend it was not!
AMD GPU LINUX MINER NOT WORKING!!
So if I have 13x AMD GPU. I can't mine this pigeon shiet.
Cause hey ... you can't do facking "windows" with 13xgpu... but what the fack do these noobs know?
They know a little scrypting ... copy/pasted a code and voila they have a coin...
"Because this is how you launch coin, not ready and with you're pants down..."
Lol@pigeon shit hahaha |
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I'm sorry but when RVN came out it was the same deal, I was mining it before it was on an exchange and saw no mention of the overstock backing. I still support rvn 100% and still mine it but people are just bitching and complaining either because they have alternative motives to keep others from mining to keep the Diff low for themselves or they're just dumb period.
Thing is, when i started mining RVN at the beginning of february, RVN has been ongoin for a month or so with the same accusations of "no fair lunch". But in this month, most mining was done with CPU, GPU Mining happened the time around I entered the project. Nevertheless and following the accusations, I checked the RVN Explorer, top wallet back then had 2.4M RVN-coins with the project going on for one month! Have a look at PGN's top-100 List, after a couple of days now. Premine 1-2 days with GPU (which now is possible thx to RVN), and you're sitting like a god. Anyone else may start then with an already to high diff. That said I'm going to mine this anyway for 24-48h, but I am quite sure, it never ever comes in the spheres of RVN, regarding the future of the project itself or returns moneywise. What happens on the 3.4., do they just copy the roadmap also, but check it for misspellings?  And after mining it now for an hour: no fluctuating power for GPUs, yeaaah, right. learn about plimit in the .bat file and you have the same small spikes with RVN. I'm off again but wish you all the best of luck with this one! Lots of truth in your post! You have to remember that 16s is still using the 16 algos so you will still get spikes but they're nowhere near the crazy of 16r and WAY more stable. If pign isn't anything special as you said, you can still mine a freakin boatload and sell for 4cents and profit hard. Good luck! I'm still mining RVN too so all good here! |
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Man the stupidity is real around here lol, great for entertainment. Focused on whether or not the devs premined to get rich or not rather than mining the F out of this coin while the diiff is low I'm sorry but when RVN came out it was the same deal, I was mining it before it was on an exchange and saw no mention of the overstock backing. I still support rvn 100% and still mine it but people are just bitching and complaining either because they have alternative motives to keep others from mining to keep the Diff low for themselves or they're just dumb period. Even if the coin turned out to be a pump in dump the amount you could mine from the start is insane and you will profit much more than most other coins during a horrid time for mining. If you want a case use for the coin, how about we dump the 16r algo which tears your PSU and Card up via powerspikes etc. and see this new far superior algo adopted by RVN instead and drop 16r? That's good enough for me. Too many scrub miners with no idea what they're doing. Good, keep crying about the coin and spreading the fud and by the time the coin hits exchange some of us will have well more then 100's of thousands mined and you'll be sitting there pissed mining at 30K+ Diff instead which is where about RVN is at or heading. This is why some of us are still making money in bad times and MOST others are barely able to compensate for their power bills. If you're going to gamble on what to mine these days, now is a perfect time while the market is still trashed and bleeding out until it goes bull in the future. Some people here complaining about pump n dump, = same ppl who mined and dumped MLM/MKT ROFL |
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