Ok I went and updated my info. I just didnt want to bother if it wasn't useful.

Yeah, I gave up on the spreadsheet. I was pretty up on it through the first steps of the process.

When I got my first payment I went back and found I couldn't edit it. Ok thats fair. Waited a while and went back, and found that my info had been deleted from the sheet entirely.

So theres at least some percentage of people that have given up on it I believe. If it becomes relavent for some reason, post about it. Ill head over and see if I can recall the info.

Received my first refund deposit! Just as promised in the PM a week or so back. Not made whole yet, but I do appreciate the effort.

I was going to go update my info on the spreadsheet, but I find my info has been deleted. It had been there for several weeks after it first went live, but I havent checked since.

I sent a pm on 6/8 and last week received a pm back with estimated date of first payment. It was the only response I've gotten so far.

Glad for the response. Just thought I would update people here for the general info pile. I did make an initial entry on the spreadsheet. Ill check it presently to see if it includes a spot for 'response received' or not and update it if so.

Hey..
I did send in a request about a month ago now, and have received no PMs or anything back from you. Reading up on the threads I realize how that works., so I continue to wait. I'm hoping that if you need more info that you'll contact me. I don't want to resend and be put at the back of the line as you stated would happen in the beginning.

Thank you for your work. I know my deposite was small compared to others, but it was significant enough to me that it would be nice to have back.

No, you're not the only one.

For the record just got dont moving out my coin crumbs from hash.so accounts as directed. All those amounts under the autopay limits I had set.

LTC RDD Karma Leaf Mint and many others. I've received every one of both the manual and adjusted auto pays that I put in.

Thanks hash.so. Wish you were staying.

Not kidding.

You can't lose what you don't keep on pools long term. Keep an eye on your miners and your wallets, if you stop getting payments, you stop mining that pool. Done.

Instead what we have here is people whining for days about how they built up millions of coin and cant get payouts. ..then they continue to complain about how they kept on building up coins even after that point. That is ridiculous.

Watch your miners. Watch your wallets. When 1 of the 2 stop functioning as expected, move to a different pool. Do that and you can't lose large numbers of coin on a pool, ever.

If you want to be lazy and come back in 2 weeks without getting any payouts, then expect instant support from someone who has consistantly said he has a life outside the pool. Well that is your problem not his.

Lame.

I came here to see what was going on after seeing the shutdown posting on the Pool.

Too bad it was a good pool. I mined there for monthes with no troubles. I always got my payments.

Claims of no support.. so what?! It ws up until very recently a free pool, of course theres no support. The thing generally worked, and kept up with most new coins. It did better then many other pools that Ive tried.

The only way you can lose a large number of coins at a pool is by not paying attention. You get to set the payments, you get to set how much sits in the pool. There is NO reason to leave large amounts of coin sitting on any pool. Its foolish to do so. If you let your miners run for a long period without paying out, then its your problem. Watch your miners.

Sorry to see you go hash.so You were a good pool.

When your stated goal is to distribute to the entire population strict authentication is not the the highest standard. Its good, but there has to be some expected inefficiency, because no enterprise like this can be 100% certain that only the intended targets recevied the distribution. Thats fine though as long as a critical mass is achieved to reach their goal.

I thikn the hard part would begetting the general public interetsed enough to care about such a project. It sounds like they are achieving enough media coverage that may actually achieve that however.

You don't have to have fiat in places like BTCe as I've explained many times before. You need to have BTC and some other currency to trade into, ltc for example. Some place it would be good to have fiat trades as well, but that does not have to be BTCe where there are high fees for that particular transaction when using your apparently preferred method of bank wire. Its preferable that they have fiat -somewhere- but where that is none of us know.

You are also using in your 'totally unrealistic scenario' a mixture of 1 high cost exchange for fees and my randomly chosen price difference. You have mysteriously not chosen one of the 3 ways to get Fiat onto BTC-e with no deposit fee.  I chose BTCe as my example because that is the exchange that I use most.  So the fact that it comes out with some profit makes it even more feasible.

Perhaps he has accounts on Huobi? Where there are 0 trading fees. Other sites have graduated fees that reduce with increased usage. We don't know, and guessing is as previously stated, ridiculous.

Its clear you don't know where these trades are happening. If we did, we would be doing it on our own for a greater profit. Its also clear that it is possible as many of us have done it ourselves with far less resources at our disposal.

You have outlined more overhead then I considered in my example. Certainly when you add more overhead you increase the work necessary to overcome that. So perhaps I would have had to wait 5 minutes either way to take care of bottled water, maybe another 15 minutes either way to take care of the hot secretary. Again, its a pointless exercise when the basic premise is feasible. I have worked the numbers and as outlined in previous posts I see it as quite clearly doable. If you want to imagine your paying for his Rolls Royce Phantom, run youre own calculations to satisfy your imagination.

Wrong.
Quoted from their deposit window:
"We do not have fee on BTC deposits."
Quoted from the BTC-e withdrawal window:
"* Fee for withdrawal is 0.001 BTC."

Thats not 1% deposit or withdrawal.

From their trading window:
"At the moment, the fee for transactions is 0.2%."

0.2% is insignificant to the normal differences between the major exchanges in BTC alone, let alone other currencies. Which again for another random point in time compared to my earlier post of the other day sits at 627.297 vs 637.46 which is 1.6% right now. Relatively easy to give out a .5% gain from that with your own profit if you had resources in both places.

So lets everyone guess and make up their own strategies, and continue to assume from what the bot we designed would do.

Its already been outlined by me and a few others how fiat and BTC are not the only 2 choices to arbitrage, especially when you're not just talking the main few exchanges. BTC is faster then fiat? Certainly, and LTC is faster still, and Fast is faster yet again. Converting to fiat would be a last resort as its slow to move, and there's always significant fees involved, greater then converting to any of the other coins.

Mods from BTCe have been reported from their own admins in chat to 'dislike arbitrage' and work to minimize that. Cryptsy just 'happens' to slow down during periods of high arbitrage trading opportunities. Its reasonably clear that they do their best to discourage the draining of their own reserves simply because of a price difference.

With that it would be silly if btc-arbs would 'open up his books' and explain to us what he's doing. It doesn't do any of us any good, as we're clearly not doing any better ourselves. At the same time it puts his own operation more at risk, as reps of the exchanges are just as likely to be reading as we are. Not only does it not do any good, it likely wouldn't even make any of the whiners any happier then they are now. So what if he works out a few trades on paper to tell us about, does that make it any more real then it is now? No. Is he likely to outline every trade and every move? As explained, No.

If hes buying bread with the BTC and Fiat, feeding it to hamsters, and using that to power his massive mining operation, it doesn't matter. The only true thing that matters is that we are continuing to get a documented percentage, deposits, and withdrawls are both working and continue to do so reliably. BTC-arbs withdrawls are more reliable lately then a lot exchanges out there in fact.

If someone does manage to go to one of the cocktail parties great. If you see his giant hamster farm power his arduino trading platform, even better drop a report on us. Ideally, include pictures. This constant stream of suppositions and guessing is ridiculous.

Short answer is yes.

If your living around these server power supply fans, they become the ambient noise level. They are essentially about as loud as a hair dryer on low. Sitting out in the living room, in the middle of theday, with general noise around I started one up. I thought it wasn't too bad, definitely noticeable, but not too bad. Get them running for a while, and its not really that great as an example, to sleep near.

I set mine up in the basement with a bunch of vibration absorbing rubber material. With that, I cant hear them.

What are they going to say that fixing the site wouldn't say better?

Poloniex had a thread about their recent hack issues where the owner was open and honest, lined out the technical issues as well as how and why he intended to pay back. What did he get for that? Hate mail.. high up egotistical people telling him to shut down his business that he had no justification for running in the first place. Every point he made, while reasonable, was taken out of context to just generally be a douche because .. internet.

That kind of example is probably specifically why so many choose just to stay quiet and do what they're going to do. While there was some praise in that thread, there is here as well, in about equal measure. People who are going to be douches about this stuff are going to be either way, the rest of us are going to be patient, either way. May as well go with the one that gives your critics less ammo.

Ok we'll start now and see how long it takes you to write up a trading platform. The time is only surprising to those who haven't been in that kind of situation.

..and yes I know this opens me up to the huge population on here that have triple doctorates from MIT and coded 1/2 the NYSE, all while pregnant with your 4th child, and juggling your 3 full-time jobs. Spare me, because I know thats b.s.

After adding up my returns I can see that they are indeed rounded as was suggested earlier. Thats fine, add that to how they make money. I'm still happy with the percentage they're offering.

Actually that makes it more likely that I will invest over there. 12% ongoing interest is almost definitely unsustainable. 4% I can definitely see that being doable. I'm already getting 2% from my own investments. Good to know the skinny on this though.

https://barclaysclub.com/

Note.. I have no knowledge or interest in that site. I just went to look at it after it was mentioned earlier in the thread here.

Also interesting to me is that theres a whole bunch of these services. I had no idea. They must go out of business regularly with as many as there are. There's probably at least a dozen active ones with a similar model. Looking at about 5 of them, about 1/2 accepted bitcoin as a form of deposit.

This makes me think its best to do for a short period of time, with funds that you don't really need back.

Wow I looked at that page so many times, and totally missed that link. Thank you for posting it. Exactly what i was looking for.

Edit: after noting that the link was added per the note below.

Even better!
I was kinda worried about my having missed that so often.