I have not even heard of a single miner who has profited EQUAL to, much less above, what they could have earned if they skipped that and simply bought the coins.
Well, who have you talked to? I don't think firms like Bitmain or BTCC are particularly open about their mining profits. I don't think you have the numbers to make these determinations. Plus, that example is cherry picked. Like any other entrepreneurial endeavor, enter if you have an edge. Otherwise, stay out. The people that lost were the people that invested in GPUs near the end of their usefulness (many of whom put those to use on alts), or bought pre-order ASICs and didn't account for time and difficulty growth. Anyway, my main point is that these numbers we can pull out of our asses just don't apply to the big mining firms. Particularly in China, where there is significant oversupply of electricity in certain areas. I was under the impression the topic was about the "average joe," as stated in the title. Not about corporate (i.e., massively-funded companies). What you're saying when you bring them into the equation is like saying "the lottery is profitable... didn't you know every month or so someone wins?" Ignore the other 99.99999998% of the players and you're absolutely right. |
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those with more money will print faster than others. You end up with the same situation. If a 3d printer takes 1 hour to make a chip and the printer is $1, someone with $100 can buy 100. Someone with $1m can buy 1m of them and hire others to help run them. In that case, the guy with $100 still just has 100/1,000,100 of the hash rate and will get almost nothing. Not to mention the guy with more money would go straight to the manufacturer of the 3d printers and offer a premium to obtain all of them that are created, as opposed to marketing it to the masses.
 And your scenario differs from the CPU/GPU mining days in what way exactly? You're essentially saying "there's a limited amount of silicon ore available". No shit. Will you be happy if there's a ban on people owning more than their "fair share" of chip 3D printing capacity? This is Bitcoin: communists go home CPU mining days were only a select few. There's a massive difference between a small group of people who mine it for lulz when it has no value and those who are mining it for profit. That should be obvious -- something that has ZERO value at the time, NO uses, etc. would obviously not be competitive. GPU mining screwed most (if not all) people who took part, due to basic economic concepts. So let's break this down. You buy a GPU for $300. BTC is at $100. You spend $1/day in electricity and mine for 5 months. At this point, your total cost (not including time) is $450. Over this period, you mined 1.5 BTC, and BTC is worth $500 now. At this point you've spent $450 + time, and in return, you've gotten 1.5 BTC, or $750, for a profit of $300, right? You could have, instead, spent that $450 on BTC in the beginning. Now you'd have 4.5 BTC, or $1350, for a profit of $900. Essentially, you not only wasted your time, but you also LOST $900 in the process. And all of this ignores all of the other things that are involved with mining (such as the other PC hardware being burned out, cooling cost consideration, etc. Hell, we can even take the pizza time period. For $20 you could have gotten 10k BTC. Instead, you spend $500 building a rig so you can mine a few hundred/thousand BTC. Were both profitable? Yeah. But your mining actually cost you significantly more than you'd have earned if you had skipped the time sink, work, and risk, and just bought BTC outright. I have not even heard of a single miner who has profited EQUAL to, much less above, what they could have earned if they skipped that and simply bought the coins. Then again, this goes into economics, which is something the vast majority of people seem to have zero knowledge about. |
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Update on the POSWallet situation. They released a bug fix that credited my coins to my account. They staked 10+ blocks today, so now wondering if they're going to alter the staking system to be more efficient. They aren't really talking to me so hard to know, they just told me to refresh the block (option on their site) and then closed out my ticket with no further comment or anything.
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I completely agree with you Jeremiah. In regards to him remaining anonymous I have a PM from him where he tells me that he was going to come out and announce who he was but.. he never did. The only connection that I can make to HF is through Psybits who owns http://altcointalk.org. He is listed as the current manager of HYPER and was the one who asked me to contact HYPERfuture to talk about adding HYPER to my services. I ended up getting really busy at the time at which point HF contacted me about it instead. I've posted my thoughts previously in the thread about what has been going on but at this time I would like to offer a suggestion on how to improve HYPER and get it going back on track. My suggestion is to make a new HYPER coin. One that has a fully functioning wallet that doesn't eat up RAM and CPU to keep running. The most recent coin to be added to DKV is called Rubies which is a gambling POS coin. Their wallet is super fast and very lightweight in regards to resources needed to run it. Modeling HYPER after Rubies would greatly improve the support it would receive as anyone would be able to use it. Remaking the coin using Rubies software would improve the speed and use of HYPER as well as remove the massive resource cost to use it. The dev fund for here is what worries me if my accusations are indeed correct. Remaking HYPER using more efficient code would also allow the possibility to create a new dev fund that will be used to advance the coin to where it should be. Instead of a single person holding all of the funds it would have to be a team that does it. One person to do PR would hold a portion of the coins, one person in charge of developments would hold a portion, one person would hold a backup portion to support the other departments with a managing team above them to hold it all together. Something along those lines, that way if one person is unavailable the coin could still move forward. If this were to be done then a swap would also have to occur to allow current holders to switch over with ease. In addition, 5% stake per month is too high, it needs to be closer to 5% per year or lower. Personally, I can only support HYPER via my services as I run multiple websites and do the majority of the work required for them by myself. Some of my other sponsors help me with promotion and other aspects of running the sites which is awesome and appreciated but all of the coding and updates falls to me. I've put a lot of thought into this... I think a new coin may be the only solution here. It has its downsides, of course, but as long as all existing HYPER can be traded in for the new coin and a solid team is set up to back the coin, I think we can resurrect it. |
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Also interested in more info. Price? Model? Condition?
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The whole deal seams rigged to the chip producers, they are the ones in control hence why putting chip production in everyone's hands will flip the game. No. Then those with more money will print faster than others. You end up with the same situation. If a 3d printer takes 1 hour to make a chip and the printer is $1, someone with $100 can buy 100. Someone with $1m can buy 1m of them and hire others to help run them. In that case, the guy with $100 still just has 100/1,000,100 of the hash rate and will get almost nothing. Not to mention the guy with more money would go straight to the manufacturer of the 3d printers and offer a premium to obtain all of them that are created, as opposed to marketing it to the masses. |
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Does anyone think that some day Bitcoin may become mine-able again? Could advances in technology make it possible again? I was reading something last night about quantum computing being just around the corner. i am not talking in the short term here i mean like in 30 - 50 year time scale.
If you get access to a quantum computer, so will everyone else. If you have $1 million and someone else has $99 million (or collectively have 99), your million will still only represent 1% of the mining power. This is all basic math and economics. Your mining ability/profit will only ever be as great as your financial status vs. the rest of the miners as a whole. If you own 1% of the mining power, you get 1% of the coins. If there is $99m of mining equipment out there, this means you must have $1m to obtain that 1%. What hardware is released is absolutely irrelevant because if you can get it, so can everyone else. It's entirely a money game. How much money do you have? |
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Lets hope hyperfuture comes back  but its really said that he kinda left  How much dev fund was there and is it enought to kill the project if dumped? He didn't seem the type to run with the loot. Perhaps something happened to him? This coin had an awesome community and that UFC fighter having hyper currency on his shorts was pretty cool Surely this coin can be revived. Dev fund holds 224k (3.4% of all in circulation). |
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That is not efficient staking as those are all max rewards. Coin age is being wasted because the inputs are either too large or have sat and accumulated coin age for too long
That was my thought. I added info about efficient staking to my ticket with them. Still haven't gotten any responses about anything yet though. You are correct Is there another way to get a hold of whoever runs the site? They haven't been active on Twitter in a week and a half, aren't responding to support ticket still, and still aren't staking (just for perspective, the deposit I personally made is already at its peak for earnings -- I deposited 5m a couple days ago -- so that itself is already losing value due to not being staked, not even taking into consideration the other 15m+). He used to watch this thread, I think his username might be poswallet or something like that Well, he released a new update to the site but still hasn't responded to my ticket. And as of now no new blocks have staked yet, so everyone's still losing coins. Wish I hadn't sent all mine over there, . |
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Is there any update on the quest release yet? "Next week" was posted on the 10th, which would mean 12th-17th. It's the 19th now.
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As Promised I made a video to explain where I'm at with things. It is unlisted and has no searchable tags. I don't feel it's necessary to make public. Most of the players of HYPER are right here. https://youtu.be/_LynbTmw8qYIt's 15 minutes and gives to my best knowledge what I've contributed and my stance on HYPER moving forward. Please watch in its entirety. If I didn't mention in the video I've managed the Twitter feed since January. The bot went off when it was clear HYPERfuture was gone from this thread. I'm still here but I'm not going to do PR if certain things don't happen. I'm not a shill for the sake of bagholders if the dev is gone with the bounty funds. Either HYPERfuture comes out of anonymity or places the bounty wallet over to the community on here. I can't run a coin. I can help with PR and work in that arena and be a face. PLEASE communicate with me here in public or PM if I'm way off base or completely wrong on some of my points. My memory fails me and I make mistakes too... Bittrex isn't playing with low volume coins anymore it seems and they are about to hammer out several of them...not just HYPER. I need a list of developments from someone as small or large as you can think of so I can communicate them back to Bittrex. I'm in contact with them. That's what they need. Daily volume is only ONE requirment. They also want to see development. HYPERfuture is gone for now if that continues this bodes very badly for Bittrex listing HYPER going forward. Watching now. Looks like I'm first! "No views"  Actually I didn't watch it either. I hope I hit all the main points regarding history of HYPER as I know it. Let me know if I'm off base on the timings/details. You did, and I'm 100% with you -- I want HYPERFuture to turn over the bounty fund to someone. I don't see the community following him anymore after the past, and that's the only way I can see this becoming viable again. I'm also amazed at how little you were paid for all you did -- 7k HYPER, even in the beginning wasn't a lot. And FWIW, my hostility towards the coin isn't due to FUD. I'm one of the top 20 richlist (and considering at least 3 of those belong to exchanges, that's more like the top 17, at least), have invested a lot of funds AND time in the project, and gone way out of my way to help bring success to it. I've sold a grand total of ZERO coins to this point, and still don't plan to sell any. That said, the project, as it is, is not going to go anywhere. Either HYPERFuture returns to allow someone to take over or we're all going to tank. |
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That is not efficient staking as those are all max rewards. Coin age is being wasted because the inputs are either too large or have sat and accumulated coin age for too long
That was my thought. I added info about efficient staking to my ticket with them. Still haven't gotten any responses about anything yet though. You are correct Is there another way to get a hold of whoever runs the site? They haven't been active on Twitter in a week and a half, aren't responding to support ticket still, and still aren't staking (just for perspective, the deposit I personally made is already at its peak for earnings -- I deposited 5m a couple days ago -- so that itself is already losing value due to not being staked, not even taking into consideration the other 15m+). |
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As Promised I made a video to explain where I'm at with things. It is unlisted and has no searchable tags. I don't feel it's necessary to make public. Most of the players of HYPER are right here. https://youtu.be/_LynbTmw8qYIt's 15 minutes and gives to my best knowledge what I've contributed and my stance on HYPER moving forward. Please watch in its entirety. If I didn't mention in the video I've managed the Twitter feed since January. The bot went off when it was clear HYPERfuture was gone from this thread. I'm still here but I'm not going to do PR if certain things don't happen. I'm not a shill for the sake of bagholders if the dev is gone with the bounty funds. Either HYPERfuture comes out of anonymity or places the bounty wallet over to the community on here. I can't run a coin. I can help with PR and work in that arena and be a face. PLEASE communicate with me here in public or PM if I'm way off base or completely wrong on some of my points. My memory fails me and I make mistakes too... Bittrex isn't playing with low volume coins anymore it seems and they are about to hammer out several of them...not just HYPER. I need a list of developments from someone as small or large as you can think of so I can communicate them back to Bittrex. I'm in contact with them. That's what they need. Daily volume is only ONE requirment. They also want to see development. HYPERfuture is gone for now if that continues this bodes very badly for Bittrex listing HYPER going forward. Watching now. Looks like I'm first! "No views" |
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Sent $10,000 because you are clearly professional, highly-knowledgeable (especially being that you know New York is located in the United Kingdom and not the United States, like most maps and other people would try to make you believe), and are offering a very solid platform for growth where you're able to GUARANTEE profit at the rate of 1.5%+ per day for LIFE -- something NO OTHER company in the world's history has ever been able to pull off! A++++.
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That is not efficient staking as those are all max rewards. Coin age is being wasted because the inputs are either too large or have sat and accumulated coin age for too long
That was my thought. I added info about efficient staking to my ticket with them. Still haven't gotten any responses about anything yet though. |
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I send poswalet adres for twitter campagin is ok?
Made a little deposit yesterday and it's not showing up there. Their blockchain even shows 0 were transferred, but in raw data there it shows the transfer. 1200+ confirms now but due to that bug it's not crediting. No response from support yet, either. Please keep me updated on the progress of this issue, I want to make sure everyone in my sig is staying legit Will definitely do, and thanks for caring, . Also wondering what their returns will be like (assuming this is fixed). Over the past 30 days they've only staked 10 blocks. With 15m+ coins in their wallet, they should be staking far more frequently than this. 15m should be staking 7 blocks per day My thought exactly. Even splitting it up, it should still average 7/day. Their last stake was 12 days ago... on the 6th. If the time between stakes doubles each time, they are efficient, if that makes sense Here's the last 7 stakes I have info for (can't tell how much was input in each): 8/25 - 1021177 8/25 - 1021178 8/29 - 1022178 8/29 - 1022179 8/30 - 1023939 9/6 - 1024389 9/6 - 1024390 Maybe that will help analyze it a bit further? |
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I send poswalet adres for twitter campagin is ok?
Made a little deposit yesterday and it's not showing up there. Their blockchain even shows 0 were transferred, but in raw data there it shows the transfer. 1200+ confirms now but due to that bug it's not crediting. No response from support yet, either. Please keep me updated on the progress of this issue, I want to make sure everyone in my sig is staying legit Will definitely do, and thanks for caring, . Also wondering what their returns will be like (assuming this is fixed). Over the past 30 days they've only staked 10 blocks. With 15m+ coins in their wallet, they should be staking far more frequently than this. 15m should be staking 7 blocks per day My thought exactly. Even splitting it up, it should still average 7/day. Their last stake was 12 days ago... on the 6th. |
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I'm putting coins on both sides of the order book on Bittrex. I've also emailed support. I'm mobile right now and will take some time to record a video explaining my position on this. Hyper can stay but I'd like to see a team take over if that's even a thing that can happen.
A takeover can only happen at the moment if we ignore the coins HYPERFuture has (which means we'd have to start a new bounty fund and everything). |
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I send poswalet adres for twitter campagin is ok?
Made a little deposit yesterday and it's not showing up there. Their blockchain even shows 0 were transferred, but in raw data there it shows the transfer. 1200+ confirms now but due to that bug it's not crediting. No response from support yet, either. Please keep me updated on the progress of this issue, I want to make sure everyone in my sig is staying legit Will definitely do, and thanks for caring, . Also wondering what their returns will be like (assuming this is fixed). Over the past 30 days they've only staked 10 blocks. With 15m+ coins in their wallet, they should be staking far more frequently than this. |
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I send poswalet adres for twitter campagin is ok?
Made a little deposit yesterday and it's not showing up there. Their blockchain even shows 0 were transferred, but in raw data there it shows the transfer. 1200+ confirms now but due to that bug it's not crediting. No response from support yet, either. |
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