@iamnotback

I'm a hobby miner and I used to play online poker for a living so I'm more familiar with most things you touched on than you think. Nevertheless, I do agree with most of your points and I can believe the few people at the top can profit from ICOs long term but the vast majority of people are not on that level and will lose.

At least, that's my experience since I generally only get exposed to people who either keep losing or just breaking even with ICOs. Which is one of the reasons why I try to sway people away from them.
And because, as I said, they also encourage people to keep coming up with more scams which are just annoying for everyone (and there are so many of them) and disencourages new people from crypto who fall in their trap.

@iamnotback

I see your point but even if you sometimes hit 10x gains, you can't possibly have sufficient knowledge to base your decisions on in a way that would guarantee that you gain long term. ICO price to market cap relation speculations are far from being reliable long term.

ICOs are pretty much unregulated and almost always revolve around anonymous entities (not that publicly known people never scammed others) therefore there's not even a shard of insurance present.

But even if I disregard that and accept that you don't need any insurance, 10x gains would only worth it if every 9th ICO you invest in was a success but it's hardly the case. It's a massive sea of scams with some rare gems which means either you have to hit way more than 10x gains on average or be sure what you pick will be a winner - which I geniunely believe you can't possibly do long term with consistency.
Sure, you won't throw money at every ICO but even if you disregard the most obvious scams, the ratio is still terrible.

And of course it's a sea of massive scams because there are people who make it profitable. Just like why some people create wallets with malwares inside - because some people doesn't practice security.
And the victims of both will definitely won't help popularizing crypto due to their terrible experience.

You being lucky is not something you can build upon. You can't be lucky reliably. Basically, even if you only invest in every 100th boat, there are tens of thousands of boats and all them are likely to sink.

There are no guarantees, no safety nets, nothing, just you giving money blindly to some random anon dudes.

Of course they're not going to dump it. They're still a reputable pool.

But, it's an exchange. They provide a service and take a fee from both the block rewards and from transaction fees so I think we're allowed to be angry if they don't deliver.

Especially in this case where a few hours of delay could mean a difference over a couple of full bitcoins payout for some miners.

Buying waaay overpriced cloud mining contracts is the worst decision you can do. I could offer what they do for half the price if I wanted to with above normal electricity prices.

This is fucking ridiculous. I've never seen this pool to be this unprofessional.

The Ethereum and Coke examples along with "following your balls" all points towards that you like gambling.

There's nothing wrong with gambling, but gambling in crypto is especially stupid. And you should acknowledge that you're gambling and not making educated decisions (investing).

In most form of gambling the house has an edge which is acceptable but giving money to a random anon character over the internet in exchange for some magic internet money he created out of thin air and some promises is just on a ridiculous level.

If I were you I'd not waste money on ICOs at the off chance of hitting a goldpot because even if you sometimes get lucky, you're guaranteed to lose money long term (e.g. when variance cathes up with you). You'd probably earn more money grabbing a shovel and just start digging in your backyard trying to find artifacts and whatnot.

With that said if you do want to throw money randomly at the wall and encourage the scammy nature of ICOs, you better be prepared to lose all of it.

Come on, please reduce minimum payout threshold and of course enable payouts.

We'll lose out a lot if you don't.

....aaaaaand coinmine.pl payouts are disabled.

That transaction leads to this address: http://www.presstab.pw/phpexplorer/UTC/address.php?address=UXZCMmmsTjvW6bxsbbrL9vVaQmNHuWt56s

which has over 10 million (over 30% of total supply) of UTC.

If the numbers are right (hopefully not) that address is most likely an exchange or a pool. But I couldn't tie it to any of them (didn't spend much time on it though).

Based on a block explorer (https://explorer.zcha.in/) the current supply is 68 ZEC.
I have no idea how accurate that is.

Also, here's an emission chart I found in another thread:

That happened while there were maybe 1.5-2.0 ZEC total on Poloniex. It's easy to manipulate the price that way.

Nicehash's zcash.nicehash.com pool keeps disconnecting me. It was fine about half an hour ago.

Suprnova almost always has issues. Mostly with the site being very slow or timing out.

I'm using www2.coinmine.pl for the time being. But on coinmine the minimum payout is 0.1 ZEC.

Yes, though there's only 0.83 ZEC total on the sell side.

Everyone's waiting for block maturity.

It will go sub 1 BTC in a few hours.

This is hilarious (and sad as I missed the start):

For anyone wondering since I couldn't find the numbers:

Nicehash 0.2a:

750 Ti - 9.8 h/s
970 - 17.7 h/s
1070 - 25 h/s

Nicehash 0.3a:

750 Ti - 0 h/s (!)
970 - 21.8 h/s
1070 - 29.1 h/s

these are without CPU (-t 0) so pure GPU stats.

LEOcoin is as big of a scam as they come. I made a few bitcoins mining it while it was flying under the radar (e.g. it wasn't posted here) but everywhere I looked I was met with the lowest quality shady shit the worst MLM scams usually have. I genuinely believe it's a low level shitshow of a scam targeted at crypto-illiterate people.

Because of either; laziness, stupidity, lack of understanding of hashing algoritms or most likely because they have a private GPU miner.

Unless someone comes up with a very unconventional hashing algoritm that clearly negates the advantages of GPUs, there's zero reason to create a CPU exclusive hashing algo. Even then, botnets are way worse than massive farms (ASICs included).

Boring ASIC algo, way too high premine and unnecessarily high block times.

Litecoin is the old, dirty, hole-ridden ball at the playground even your parents used to play with. Sure, a few people will keep playing with it but there are brand new quality balls around to play with.

Basically, LTC doesn't offer anything at all. To me at least, it's a mystery why it's even alive. Though it might all just come down to regular manipulation.