Thank you!
That answered all my questions.

Just to make sure I've understood the game..

When/if the balance reaches zero, it's "end-game", aka game over, right?
Does that mean like system meltdown- game over, or game over - new game - insert coin ?

Site is up, no divends since february 22nd, no ability to withdraw funds, nor buy/sell, but hey.. at least the deposit seems activated

Sorry, but I'll wait until withdrawals and trading continues before considering myself convinced.

It does look a brighter than before though, if you ask me.

'I want to link my Bitcointalk name with BTCJam's. Verification code: 2bfa2810-d167-4c27-9282-7aaf95d3aa49'

Kinda hard to tell what those two things actually are from that picture.
Even more so, what's in them.

Either way, like previous posters have mentioned, the difficulty is too high for mining to profitable using anything but ASIC hardware.
In case you're not familiar with the expression, ASIC stands for Application-Specific Integrated Circuit.
It basically means that the hardware in question has been specifically designed to perform one thing and one thing only.
Bitcoin ASIC miners are designed to mine bitcoins, obviously, and they do it very well. Just don't ask them to do anything else

To get an idea of how big the difference is, you may want to have a look at this hardware comparison.
https://en.bitcoin.it/wiki/Mining_hardware_comparison
This list mentions the hashing power in MH/s (MegaHash per second).
In comparison, my overclocked ASIC S1 Antminer is running at 200 GH/s, and I make between 0.005-0.015 BTC / 24 hours.

With the current price/BTC of ~600 USD there's just no way you could generate enough to cover the electricity it consumes using a computer/server.

And even if you add the possibility of the bitcoin prices skyrocketing (and it's not unlikely), I doubt you'd make more using the server to mine for bitcoins than you would simply selling it for whatever it's worth and buying ASICs for that money.


That being said, there are still altcoins out there which might be somewhat profitable to mine using your GPU. (there are so called CPU-algos, but from what I've seen, they don't last very long. Some clever guy just comes up with a way to use the GPU to mine them, and then CPU is pointless - correct me if I'm wrong)
Then you either keep the altcoins that you mine or trade them for bitcoins, if you prefer.



What a long post to say so little >_<

I'm not sure I agree that having all the assets in one place is necessarily a good thing, but I can't say that I've got any manageable alternative suggestions, in other words, while I agree with your choice of having them in one account, I'm a bit concerned that the balance of your account alone might attract too much unwanted attention for my preference.

This makes sense. Thank you for clarifying this.

Thanks to the edit, this makes sense as well.

Point taken. And I agree with your logic.



I might have exaggerated my concerns regarding your identity. I fully understand you do not wish to expose your identity, and get phone calls in the middle of the night 365 days a year.
My only excuse is some recent news articles that awakens paranoia, specifically the article from a couple of weeks back about the fraud at btcjam


That being said, your detailed explanations are very much appreciated
To me, the purpose and business model of this asset is clear now.

Thank you.

I feel I must be missing something..
What's the benefit of adding you as a middle hand in this?

From the looks of it, the interest you offer follows the bitfinex FRR to the decimal.
And if I read your announcement right, the risks are exactly the same as if we would all offer our funds as liquidity directly from our accounts on bitfinex, except for the uncertainties regarding you.

We don't know who you are. The good thing about this, I guess, is that (hopefully), this makes hijacking your account harder for potential attackers.
Problem is that - aside from your word, your personal view of how security aware you are - we have no way of knowing if what passes as safe to you, would pass as safe to us.

Additionally, Damelon, who I was not previously familiar with, but who is indeed administrator on nxtforum.org, and who did confirm your statement regarding knowledge of your identity, kinda...


I might be going at this a bit too aggressively, but stating to have proven your identity to someone by sending a PM (even if it was in fact from a senior account, and even if there was an obvious, non-disputable link between those accounts (which we - as potential investors - so far know nothing about)), and a skype call, is what I personally would call an overstatement.

What kind of verification was done using skype? ID?
IDs are easy enough to forge, and if they are only needed to look legit when held up in front of a webcam, scanning an ID, manipulating the details, printing it and laminating it could be done in an hour or two.


For me to willingly invest the suggested (or example, if you prefer) amount of $1000 into an account that is out of my control, and get a divend once every two weeks at the same rate that I would receive if I were to offer the same amount for liquidity on the same exchange, from my own account, I would need some sort of benefit that I wouldn't get if I were to just use bitfinex' autorenew feature at FRR rates on my own account.



So, again.. What am I missing?

Om du nämner hur mycket du vill ha för dem tror jag du får mer feedback.

Personligen är jag lite nyfiken på 200GH/s- maskinen. (önskar jag hade råd med en jupiter, men så är tyvärr inte fallet)
Så hur mycket hade du tänkt ta för dem?