I know lol.  keep in mind i'm just playing around with ideas here and getting some input from everyone.  I'll make sure to have flashy colors when it launches   The index is pretty much done, it was a little complicated.  I'll post results probably today.

He aint no troll, he speaks the truth, praise be he who rises above the shit waters, and scream, thy be shit here !

the 1600w G2 supernova is a good choice, even though its expensive.  10 year warranty - so you use it for 10 years full blast.  Its quality built, connectors and wires are tough too.  No risk of fire there.  You should at least get a 20Amp plug on the 120v, or go 220v.  ask an electrician, but its going to cost you 100-150$ just to get him to your door and get him to do some work   unless you got a good plug for an electrician. 

I like these speculations.  Another way to view it this:  If you have s7's that you want to sell, sell now or wait ?  We know miners hit a "floor" value at some point.  So is selling an s7 for 250$ reasonable right now ?  How much will it be worth after halving ?  In october ?  100$?  Maybe its better to keep it ?  I too feel (and I have said before) we are due for a massive pump, and the last one took at least a quarter to materialize, this one will be longer.  Mayyyybe, just maybe, the smart move is to keep the s7's until they hit "floor" value, and just keep that sweet btc, and dont give it to Bitmain.  Then at some point switch em for the s9's or actually skip this generation.  Its a tough call.  Like I feel btc will really double or triple, and i'd buy a ton of it, but unfortunately money doesnt grow on trees.

I just wanted to press F for respects.  Was a good coin, much fun was had. 

wow that was fast !

Yes quick, before there are none left !  We all know thats ridiculous.  I feel the diff of btc will rise over the summer and in the fall it will be quite dramatic as all the new gear comes online - I think we'll get a huge btc price bubble in the fall again (it is time imo).  I also feel price will not come down much, but there will be coupons.  always the coupons.  I feel many things

Thanks for the input guys.  For the div payouts its true it would be a major undertaking, i should then just add it up in the fund (adds to the NAV).  Then the fund's NAV becomes higher than the funds exchange price, and people can redeem units for btc.  So in practice, lets say the unit is worth 0.025btc total net asset value - and we get a huge POS payout for some reason of 0.01 total value - the NAV is now 0.035btc.  Anyone can then buy units @ 0.025btc, redeem @ 0.035btc and make a profit.  This leads to destruction of units and the total number of units decreases.  In the inverse scenario, people send btc and get new units, so there is unit creation.  There will probably be a fee for unit destruction, and no fee for unit creation.  I still have to work out some details of how that would actually work in practice but I think its do-able.


Roadmap:
I'm going to start by doing the crypto index - so we can follow the market as a "whole".  This is like the S&P 500 of crypto - I believe its outdated to simply look at the btc price/market cap, there is so much more going on now.

Then I'll create the units once the automatic redemption/calculations is done on excel and test it out.  This won't be mineable, and it won't be like all other coins - it'll be more like DAO (we can say DAO follow the ETH price, because it holds ETH), except no one votes for anything and this will follow a global price index.

I am in IRL a trader in finance.  Arbitrage and ETF market maker and liquidity provider.  


HOW IT WORKS:


-The fund does an ICO which has a fix value.  All funds are used to buy currencies that are in the fund.  The top 10 currencies will have 85% of market weight, and 15 more will have 15% weight.  The fund will invest in 25 currencies total.  At the end of each day the fund is re balanced according to market weighting.  Simply put, the fund will follow the CMCI INDEX (Coin Market Cap index).  

-Redemptions :  Traders can redeem CDF units for cash equivalent (in btc of course) at the NAV, at the end of the next day's rebalancing.  The NAV (net asset value of the fund) is calculated daily.  All this is transparent and will be posted.  The redemptions will have a min amount of units to be exchanged and must be exchanged in blocks of units (round numbers).  This permits traders to arbitrage the fund, and permits the fund to correctly follow the NAV.  If there are too many redemptions, a designated market maker may be given to 2 or 3 groups, based on an auction, which proceeds will be paid as a special dividend to the fund's unit holders.

-Dividends : Any proceeds by POS coins held by the fund or others will be paid out to unit holders on a monthly basis (in btc).

-Fees :  The fees will be 0.45% yearly, calculated Daily at each re-balancing.  Can be lower as fund grows.

-Tech : The fund will be based off EDIT: will be on the ETH network, like DAO.  



The idea is that a lot of people want to diversify from bitcoin, and this is an excellent diversification vehicule.  It is transparent and predictable.  It is self-regulating - that is - if more people buy it, the price will go higher than the NAV, and traders will arbitrage it - creating new units through the redemption process - or destroying units (inverse scenario).

This is different from a normal scam coin ICO.  Hence no flashy graphics and smart sounding gibberish.  The NAV, fund holdings, and relevant information will be updated daily for all to see.  All proceeds will be held in cold wallets on an always offline system - and transfered only through the redemption process.


BOUNTIES:  The totality of the funds fees will be given out to people who want to help with this idea.  I do this IRL, so I figured why not create an ETF in the crypto world.  So PM me if you want to help or post here.  I'm looking to have people involved in this project, so we can have a real diversification option.  This will be run on the backside like a real ETF, like I do everyday.  

This is interesting...!  I'm all in for the airdrop !

+6.1 = fr4nkthetank


both btc and diff is going to the moon

maybe put power limit to max (i think its 20)

well...there goes the difficulty  At least we know for sure the reason for the recent spikes....  The good thing is that this is a major improvement over the s7.  I'll probably buy (maybe) AFTER the halving....my guess is price will be down by then to something reasonable, and the diff curve should be flat...er

seems fixed now   Anyways, I would recommend every one to simply put a shortcut to your .bat file into your startup folder (if you run windows), so when the computer reboots, the miner starts automatically.  Also I put a .txt to pop up so I know it rebooted.  Oh the psu....its a beast, evga g2 1600w, has a massive 133A on a single rail...

ah thanks, I literally just thought of that.  didnt really want to bring my monitor all the way down there lol but hey what can you do.  thanks ill give it a try.

Hey everyone, hope mining is good.  My garage rig = 2x390, 2x380, pulls 1140w at the wall, about 15% overclock, slight undervolt.  could be better but hey power is cheap here


Anyways, since I added my 4th gpu, I got these weird reboots once in a while, error is win bug recheck.  so thats hardware I suppose.  any ideas ?  its a z97 ann edition with 4 slots (3 x1 and 1x16) and I run 3 gpus off usb extenders.  never rebooted before.  psu is fine, its a 1600w evga I had laying around...

edit: for fun, im getting 108 on eth and 2.15 on dcr

yeah I got mine (i dont own a lot lol).  import the correct private keys into your omni wallet, they should appear.  if not send a msg on the safe forum pdc coin place.

I dont know about you guys, but with the halving coming up quite soon....and diff rising estimates....and assuming btc is in a 50$ range....this will maybe ROI in 3 months, then produce about 0.003 btc per day or even less.  not calculating electricity.  no calculating taxes.  I mean its still positive I suppose.   I guess thats as close as we are going to get to a home miner.

lol

sorry to hear that, a lot of people are assholes in crypto...because of money.