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Yes my calculations are in btc because those are what I invested & what the returns are in, obviously it would have been better to have not paid for an upgrade to TM & just kept the 382.50 btc & taken the free upgrade it was Giga who promoted this as a way to help recoup some of the losses made earlier by those who invested in GM. I was warned att that I was just throwing good money after bad & I said that I was probably naive to still trust this & now looking at the figures it seems that was the case, unless Giga comes up with something fairer.
Otoh, Please go back and read the emails that have been sent to all Teraminers. If, once you read those emails, you still believe Teramining will be a loss, email me directly and we can discuss the finer details of those emails. If, for some reason, you were not included on those emails, let me know and I'll forward them to you. Thanks, James Hi James, I had forgotten about your commitment & promise to investors in the June 25th Teramining update, I mistakenly thought that we were now on a fixed max hash power with fixed time scale, my mistake & please to accept my apologies, it hasn't been easy for any of us & if you manage to pull through with this then that will be a superb achievement. The only other email I received was August 26th re TM officially starting. Otoh |
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Many thanks, it's now installed, I couldn't tell avast it was a false positive because that popup option went away, just need to get the Bitcoin-Qt now.
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Bump for my question above if anyone is so kind, maybe missed as I added a little while it after posting.
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i noticed that there were no more exchange on bitstamp since 09 sept, am i mistaken?
-- edit --
i found the answer
Their API was broken, it's fixed now so Bitcoin Charts work with them again. |
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Looks like all your calculations are in BTC. Is the same true for USD?
Bitcoin is but a means of transfer to take advantage of this opportunity. Had you invested USD, perhaps the story would be different...
Yes my calculations are in btc because those are what I invested & what the returns are in, obviously it would have been better to have not paid for an upgrade to TM & just kept the 382.50 btc & taken the free upgrade it was Giga who promoted this as a way to help recoup some of the losses made earlier by those who invested in GM. I was warned att that I was just throwing good money after bad & I said that I was probably naive to still trust this & now looking at the figures it seems that was the case, unless Giga comes up with something fairer. |
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The contract runs until 2014 05 26, so approx 31 weeks more, I have 22,950 contracts & if we continued to get about 10 btc / week (the average of the last 2 weeks, one bad & one good), then I would receive about 310 btc but of course it will be far, far lower than this due to ever increasing difficulty.
Since upgrading to TerraMining on 2013 02 26 I have received a total of approx 142.84 btc & lost approx 69.13 btc that I would have received by continuing with GigaMining, maybe more with the free upgrade option.
So 310 + 143 - 69 = 384 btc about what I could be getting if no difficulty increase & not counting the continued loss of GigaMining payments.
I paid 382.50 btc for the upgrade path as GigaVPS assured me it would be a better deal in the long run, I trusted him even though my original investment in GM had lost a large amount, it seems obvious now that the switch to the TM paid upgrade is going to lose me yet more unless Giga does the honorable thing which is to, at the very least, commit to paying back to investors eventually a minimum of what they paid to upgrade plus the amount that they would have received on the free upgrade path, preferably more to retain some goodwill for the future.
As it is right now I will never have anything to do with any mining operation in the future & so far am very disillusioned by participating in any of these ventures.
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Many thanks indeed uvwvj for your kind donation, it is very much appreciated & your mentioning the fund in this thread is super thoughtful - wishing you & your teams all the best. |
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Not that that would necessarily be a bad thing. We have plenty of investment. It's been a long time since we had anywhere near a max bet placed.
I often bet the max return on low odds, like 0.057 BTC @ 0.01% (maybe half a dozen times so far just today) so you would have less &/or lower bets like that if the max profit was lower, but I guess you are more referring to the 531 BTC bets @ 50% etc, I'm sure these will be back when Bitcoin becomes more widespread & new whales adopt to it - hopefully not causing too many nightmares, just to be able to bet over $60,000 on basically a coin flip is a big potential draw for the site making it one of the most extreme casinos ever in existence & certainly the only one at that level with just 1% house edge (not sure what SD offers atm, but with an unknown owner I wouldn't trust it anyways for that large a betting). |
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at 22:55 UTC I shall reset the seed & start Martingaling with 0.01, 0.03, 0.1, 0.3, 1, 3 BTC - when we hit the 3 BTC bet then those are the winning lucky numbers.
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Lightlord 1N25xrQZmTLs6wpnEXPy995qQrJoDMAtNH
5 tickets, 00. 01. 04. 05. 06
many thanks!
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under 1/2 an hour, last chance...
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I have BITCO1N here in Ohio.
Could you post a pic for the collection here pse, many thanks. |
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So expected to be wound up "in the next month or two" & reg it is 751 BTC that went to Bitcoinica.
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New Jersey again, but this time with SATOSHI by theinfiniteidea  |
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About 9 hours until the draw if anyone would like the chance to win 5 + 3 + 2 BTC for only 0.1 BTC per ticket with no house edge  |
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Hi, could you update your locked thread with the details of the assets, those liquidated so far, earnings & when the investors can expect their share of these, many thanks. I started a thread to follow the winding up of Bitcoin Mining Company BTCMC: https://bitcointalk.org/index.php?topic=292788 |
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