1. If a miner was more profitable than the price payed, wouldn't the mining companies use them instead of selling them?

2. If a cloud miner was more profitable than the price payed, wouldn't the mining companies use them instead of renting them?

3. Isn't it less risky to buy the coins upfront and not compete with the rising hashrate and diminishing returns?

In my opinion, there is an influx of math-deficient kids and young adults spending money to buy miners in hopes of getting rich. This causes an influx of miners and less buying pressure on the actual market. In time, this influx should slow down as the general group will realize the futility of buying miners, and thus the price will begin to rise again.

Am I missing something as to the advantage of mining?

Hello

http://blog.moolah.io/2014/10/14/moolah-is-having-to-close-its-doors/

Regarding Mintpal:

As a result of this, MintPal will no longer be managed by Moolah (we do not own it, we are responsible for management). We have sourced a new management team for it, and the following will be occurring.

MintPal will be coming down immediately – in light of critical errors being disclosed. The new management team will be making a number of stability changes, UI improvements and bug fixes. They will also be handling the resolution of issues surrounding missing balances. An update will be following on mintpal.com shortly, with details of further timeframes.

Hello IconicExpert. Yesterday you accused me of using a template for the design of the Blackcoin logo. This is most definitely a lie and I asked you to provide proof. You said it wasn't worth your time to show the template image I used. I offered to bet you 100,000 BLK ($8,000) to make it worth your time. You, like the person you are, deleted my posts about the bet in your self-moderated "LibertyCoin" shill thread.

So, I'm raising the stakes.

If it is agreeable to you (which it would be if you weren't lying), I propose a bet of  1 Million Blackcoin, currently valued at $80,000, that you can't provide any proof I used a template for the Blackcoin logo. We can agree on an escrow and send funds to that address. As you say you are a businessman with millions of BLK it shouldn't be too big of a problem for you. Then again, you probably lied about that too.

So what's it going to be? It's an easy bucketload of money for whoever is telling the truth. All you need to do is find that "stock image available to purchase on many sites" and paste it in this thread.




P.S. You can send the money to the address in my signature after you lose the bet.

Send money.

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