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i will pm you the details tomorrow, a friend manages that for me
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Wouldn't he make much more actually building the mining rig than scamming?
Of course, i never ever disputed that he is making his cut either way. Food for thought: wouldnt he make much more actually building the rig and scamming at the same time? Also, with 150BTC already invested as someone in the other thread pointed out, one has to ask where the first two rigs are. After all shareholders are already now losing out, after all two 500$ rigs are at least 10BTC per day, so with each day that passes with these rigs not running shareholders lose their cut of say 60$ per day due to a bad management of the entrusted investments . This of course assuming that the two rigs are not already up. Given the way communication is done i am certain we would have seen the first SEE IT WORKS PR postings of the rigs if any existed, hence i assume its safe to say they are not up yet. My point was NEVER that it was a bad idea for the original poster, my point is the risk of community damage. There are already dozens of issues where people lost BTC, its detremential to the community as such. "Investment Schemes" that offer negligible benefit with great risk to everyone except the person who collects the coin are always highly suspicious, lets not forget that BTC is at a point where its a business about hard $. In such an environment, you ought to expect scrutiny when offering business services. Given that the OP has done certain effort to ensure he is using blank accounts for everything but has not even paid enough scrunity to his numbers that his simple calculations add up, all red flags go off unless you are guillible. |
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You seem to have done quite the effort to start with blank new accounts everywhere, including YouTube. The only thing known is your voice. You fail to make ANY point how your operation offers better ROI than using pooled mining, even the most "horrendous" 10% tax pool will offer a better ROI to "investors" or "miners" with the very cruicial point of adding security.
Usually "internet investment schemes" that usually have zero leverage by the investors to get their investment back heavily rely on social reputation juice. Your activities of heavy cross promotion along with brand new accounts on YouTube and here along with very flawed operation schemes that only look good to the naive, innocent investor and do not stand up against scrutiny further affirm my opinion.
I am 99% sure this is a scam. 1% this is a bad investment.
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As stated, I will not collect any dividends (AKA I WILL NOT BE PROFITING) until I have paid off my shares. I will also be supplying most of the overhead that ISN'T being paid for by the investors (space, network infrastructure, TIME) I disagree very strongly with your statement that there is not a case for starting a Bitcoin mining company. If someone goes out and buys a single $500 rig, they will NOT be able to make enough money to expand before difficulty overtakes them.
yes, a double 5850 rig is not much more than 500$ depending where you buy it. you yourself state its what you want to start with. considering you took in 150 btc you should already be mining and giving payouts. i am convinced that you either lack the business sense or you just keep promoting it to collect more btc and be off with them to anonymousland. If enough people pool their money and not their computing power together, the money generated from the venture will be enough to stay competitive despite increases in difficulty. thats called pooled mining. there are plenty of 0% pools out there. If people want to buy $50 worth of BTC, that's fine, but they will be stuck with that amount of BTC and will be limited to appreciation of the money, never generating anything with that money. yes, btc they already have. its a moderate risk moderate payoff investment. investing into someone elses mining rig is a very high risk low payoff investment. there is ZERO mechanism that prevents you from "taking the btc and run with it". zero. for a benefit that is mathematically very dubious, lets not forget you havent even factored in diff increase etc into your initial proposal. I am not the only one to benefit, if you look at the numbers you'll see that initial investment will easily be repaid once the company is fully funded. in theory, according to numbers that are not sound in the first place. Your last point once again goes back to my credibility and the credibility of GLBSE, and once again, that is an excellent point, which is why I expect small investments by many people until things get rolling.
so why dont you roll off with a track record. i have the impression you dont even command a 1gh/s. i think you have no ressources "in real life" to start mining hence you use this to kick you off. or its a scam, the fact that you spam this proposal everywhere seems to indicate you really want this outside btc so badly, it cant be legit. just my 2 cents |
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Thank you very much for your kind words! I feel like my lack of a reputation is the biggest hurtle this company will face, but when things get started, I think my reputation will improve and more people will invest.
The biggest hurdle is your lack of funds or unwillingness to commit own funds to run your mining. You want to spread your investment risk across parties yet you fail to make a complete and compelling business case. Why? Because there is no such business case as starting a mining company. If people want to dump 500$ into mining, they are better off mining themselves. If people have 50$ to spend, they are better off buying BTC. The only advantage that exists in this endeavour is for you, you spread your investment risk across third parties who help you fund this operation with zero waterproof mechanism that ensures these parties any payout or even a return of their initial investment. |
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Another idea to give names basing on how many times you have to divide Bitcoin by 10:
1 Bitcoin = Bitcoin
1/10/10 = 0.01 Bitcoin = Dibit
1/10/10/10 = 0.001 Bitcoin = Tribit
Use greek prefixes mono, di, tri, tetra, penta, hexa, hepta, octa, nona, deca
by far the best discussion. it has something the other suggestions lack: - it scales - it sets the matter down to the smallest unit, once and for all - it is logical, a very important prequesite for the units that will be the most common ones once btc is widespread |
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looking at the numbers at mtgox we might have it the tip of the xmas tree bubble at around 9, lets see how far down it falls.
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i think the current bubble is just people not understanding the system. some people make nice profit for a few days and as soon as difficulty adjusts itself the people are stuck with no profit for their hardware.
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i think i will bring my btcg total to 2gh/s next week, i like the network and how it works, despite 150ms ping from europe to cali, deepbit is only 30ms but i dont like 3% tax and the huge size of the pool
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moved my miners
Listener for "BTCGuild": 13/05/2011 10:41:57, Problems communicating with bitcoin RPC
Listener for "BTCGuild": 13/05/2011 10:42:03, Problems communicating with bitcoin RPC
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@cschmitz you could otherwise use my own tool and add it into your android bookmarks  brilliant, thx, will use it! |
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Do I understand correctly that PowerFolder Server is essentially a Dropbox-like solution for file storage and sharing over the Internet, except you host the files on your own server? If so, this seems very interesting.
The basic functionality set, yes, would cover what you describe. We recently released 3.0, an exhausive list of features is listed here in the release notes http://www.powerfolder.com/wiki/Server_Releasenotes#Version_3.0.0 |
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I just triggered a 1BTC Payout but it doesnt show up in my bitcoin despite it being an hour or so old. Also had connection issues to deepbit tonight, it seems not a conn issue on my side.
Anyone else have issues with deepbit? Connection issues tonight were caused by server updates, sorry. Are you talking about instant payment or autopayment ? PM me your login so I can check the status of this transaction. Thx for the explanation. The transaction went through, it was just odd that it took almost 1.5hrs to show up even as 0 confirmed despite my client being well connected. It went through and is verified etc  |
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One of our coders at PowerFolder has added a module to InterSpire Shopping Cart to supply bitcoins, he will make it OpenSource aswell. Not sure how it Qualifies, his initiative allowed us to make our software available to BTC (see selling section) but i am sure he would appreciate a tip or two here at this addy 1MYo5xaGxz5VFJHUgai9b6RbDKvCJ87Z4x. edit: documentation and download now available http://bitcointalk.org/index.php?topic=8034.msg117169#msg117169 |
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Technical Info: We have added a module for the shopping system "Interspire Shopping Cart" to include Bitcoins: Interspire shopping cart checkout module ALPHA HOWTO: 1) Create currency BTC 2) Enable checkout via Bitcoin. Add your bitcoin address to the info text 0) Copy the module into your interspire shopping cart installation This module was copied from the COD (Cash on delivery) module. So each transaction must be manually processed now at the moment. http://download.powerfolder.com/development/interspire/ISC_modules_checkout_bitcoin.zip |
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