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1  Economy / Service Announcements / Re: Cloudhashers - custom mining contracts starting from 0.01 BTC on: July 08, 2014, 05:20:01 PM
And who are all the complainers about transaction fees? Sounds like a crock of sh&t to me.

You feel this way because you are a complete bitcoin novice.

YOU DO NOT UNDERSTAND THE PROBLEMS OF EVERY HOUR PAYOUTS. This makes investing small amounts, say 0.01 BTC totally unprofitable because of transaction fees.

So now cloudhashers is "working" on converting everything to once a day payouts, which will make investing  small amounts like 0.01 BTC profitable.

If you do not understand this, then again, it is because you are a complete bitcoin novice and a frightfully strident one at that --the worse kind.

I'm a novice too. This thing about fees is a very crap. And this is just another of many reasons that why btc will never take off.
So in example, if I receive 0,1 btc with ten incoming transactions, to spend 0,1 I have to pay ten transaction fee? This is the most ridicolous system to cash and spend money.
Probably after the speculative bubble of this year, btc will decrease his value close to Zero, because this bullshit make wallet menagement not clear for most of people.. bah maybe I'm wrong..


2  Economy / Service Announcements / Re: Cloudhashers - custom mining contracts starting from 0.01 BTC on: July 03, 2014, 05:51:27 PM
How do you plan the asset of payouts when the difficulty grow next months? You'll bet everything for LTC growing this year, as never grow before?

That's not it. Cloudhashers doesn't expect LTC to grow, but to DECLINE THIS YEAR. They expect to mine more LTC in the future than they do now. They expect LTC mining difficulty to DECLINE, not increase in order to do these payouts. If LTC grows then that means mining difficulty grows and that means cloudhashers make less coin and that means eventually they'll be unable to do payouts.

Their Plan B disaster plan? They even expect to be able to throw enough ASICs into their mining pool to compensate for any increase in mining difficulty, presumably using our "investments". This is their business plan.

How do you feel now?

Mate, are you sure to having understood the implications?
The litecoin now it's more or less 100 time lower than bitcoin. Their payouts are made in BTC, and I don't think BTC will still grow 100 times by now.
If they mine LTC, and LTC value grow like BTC, substantially they have to make esbursment for payouts about 100 time less of today.

If diff grow 200% they just mine half of actually LTC, but likely the value will at least double. (I know that those parameters are not closely related, but today we can just take btc as previous experience, and the value yes, will grow with diff growing).

You know that since sha256 Asics become in the market, the btc value it's gone to the stars. It's possible that the same thing happen to ltc.

If difficulty decline, will mean less market volume and less interest by stock exc. for this kind of "goods", and the value dramatically will decline.
So in this case they can't pay btc if they mine ltc undervalued. Well, at this point cloudhashers.net would disappear very fast. For me this is the real risk.

With "little bit complicated" I mean that if they have a good plan, they have considered this eventuality and for example they can mine other scrypt cryptos like ftc or so.

Yes, I know, too many "if"... and I was hoping the owner could say us something about a sort of B plan, Not me or other ppl but him..
I hope he is a true badass in his work and he will provide a strong warranty for his investors. (also I know well a saying in my country: who live in hoping, die shitting...lol)
3  Economy / Service Announcements / Re: Cloudhashers - custom mining contracts starting from 0.01 BTC on: July 02, 2014, 11:26:05 PM
Just newly checked over the web today, and I have found that the site cloudhashers.net is now in some black-list as probably scam, as Ponzi scheme. Cause the owner has submitted to the public a fake photo of his hardware. Sure you didnt a smart move, and this is not confortable for us, your investors.
I know the say no pain, no gain. But from there, the distance to become cheated is very tiny.

Lab location in Norway (?), and server IP si located in Illinois USA. The owner registred name is Peter Till (? from Cypro), but I guess it's a fake name, since in some message here he said he can't relase more info for "privacy reasons".

Me, as many people (I think) don't care about knowing your real address or real name, but at least you kindly could give us some addictional info about the activity.
How do you can get electricity so cheap in europe? Which kind of cheap custom asic do you use? The actual cheapest price for scrypt hardware (available in the market now) is about 8MHs/BTC, and mining today you can get 0,20 BTC in one month (converted from 15 LTC). How you can pay to us five time this gain? Did you pay hardware less of 1/5 of actual quotation?
Your hardware is mining LTC or others scrypt criptos?
Are you an individual or are you a team?
How do you plan the asset of payouts when the difficulty grow next months? You'll bet everything for LTC growing this year, as never grow before?
To be honest I think you need to give us those infos about the risks.

In my opinion, the warranty of 365 days payout to investors could be possible with differentiated asset, but a little bit complicated. However we would like to know some of this thing by your voice.
4  Economy / Service Announcements / Re: Cloudhashers - custom mining contracts starting from 0.01 BTC on: July 02, 2014, 02:44:49 PM
Sillywhim, are you sure that those transaction fee are a must? I'm very newbie, so maybe I'm wrong.
But in your local wallet, under setting-options-wallet, isn't possible deactivate those transaction fees? I read there, fee are optional... I'm wrong?
Probably these are optional and different from fixed fees as you talking about? Could you confirm?
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