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1  Economy / Service Announcements / Re: Genesis-mining.com || World's first large scale multi-algo cloudmining company on: August 26, 2014, 07:43:16 AM
I'm also interested! Are there news about the exact date of the release?
2  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: July 30, 2014, 07:22:31 AM
Facebook post was:

"Better Prices and some astonishing news to be announced soon! www.Genesis-Mining.com at its best!

PS. Don't forget the coinpoll which will end tomorow! (https://apps.facebook.com/my-polls/coinpoll)"

Apparently something else will follow...
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Economy on: July 29, 2014, 09:40:54 PM
Hey guys,

apparently Genesis-Mining.com will add Monero to their mining engine. There is a public poll ongoing about this question ( https://apps.facebook.com/my-polls/coinpoll ). I like Monero so if you guys would engage at this poll as well this would be awesome.

Cheers
4  Economy / Service Discussion / Re: Review of all cloud miners and leased rigs on: July 26, 2014, 05:52:12 PM
http://fuk.io/cloud-hashing-and-rig-renting-services-review

Noit comparison as they do different things

Why are there so many typos??
5  Economy / Service Discussion / Re: PBmining - legit? on: July 26, 2014, 05:48:13 PM
I skimmed the thread and looked at the website. I'm suspicious as their price is very low and there is no evidence that they are actually mining.   Possibly a very professional ponzi.

Ponzis are realizing they need to be pretty smart to fool bitcoiners after the big Pirate fiasco.  See Bitcoin Trader (sponsoring bitcoin conferences to build its reputation - and very nice website).

I think a lot of people know that they are doing a ponzi, but they risk it and you can obviously make a profit out of it. It is at the expense of some who buy late relatively to the time the ponzi scheme will get to an end.
The prices are too low, and this is why it is not possbible (when you compare the prices to the prices of all other suppliers (Gawminers, Genesis-Mining.com ...)
6  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: July 22, 2014, 07:27:30 PM
Don't waste your money! I've sent in my order a few days back, my payment has been confirmed for over 3 days now, I've tried to get some response via a support message; but nothing, no communication, the transaction doesn't show and the order is "pending". It seems that something shady is going on with their services, so again I would be very careful

I dont think this is GMs fault.
Something like this happened to me a while back..i sent the money to the exchange and got it confirmed many times in my wallet. Even looking on the blockchain i can see the coins at destination. I had to wait out about a week and they appeared there.

Supposedly this happens if you send it while being offline. I'm not 100% sure about this last part though.

Definitely GM is not trying to scam you.

I'm sure your problem will be resolved soon. Experience has shown that they react quickly and generously when problems like yours occur.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency "The Alt-ernative" Beginners Reference Book on: July 16, 2014, 11:06:14 PM
What is about Blackcoin?
8  Economy / Trading Discussion / Re: Where should i invest my bitcoins ? Wanna daily income on: July 15, 2014, 10:48:00 PM
Hello,

if you are looking for a daily income and don't want to trade yourself, finding a business is a very difficult task. There are - among others - two things you could do:

1. Mining

There are many mining pools out there. My advice on all them: Don't. Mining - in my view - is not an attractive investment anymore. The price per GH/s is simply too high with most of the sites out there. What's worse: You will never know how difficulty changes. With so many orders on new mining gear that could hit the consumer, the overall hashing power might increase big time making mining even more difficult.

Trading

There are websites out there that do the trading for you and will pay out the gains on a daily level. There has been much talking about one particular website lately that I personally have tried as well. bitcoin-trader.biz (there is my ref link in the link)

They do mining and trading. Forget about the mining (because of the reasons already stated). Their trading option is worth a look, though, if you are confident that they are legit. And this is the question with many, many, many, many Bitoin related web offers. In case of BT we don't know.

What we do know:

1. Your initial investment that they use to trade, will be blocked for 120 days. During those four months you will get a daily (Monday to Friday) payout that you can cash out or reinvest. After 120 days you will get your principal back.

2. They exist since November 2013 and so far have been paying all their investors. Unfortunately, this is no proof that they are legit. There is chance that they are paying their old investors with the money paid by new ones. We simply don't know.

3. If they are legit, then their offer is fantastic as they pay out around 0,8 percent at the moment. They do this with arbitrage trading, a method where you exploit different prices of Bitcoin on different market places to your advantage.

BT sells shares at 20 USD per piece so you could start with little money. Personally, I invested significantly more. Still, it's part of my previous gains I achieved with Bitcoin so it does not hurt as much if BT runs away. But I don't think that this will happen.

I hope that helped - good luck with your investment


iFlash

If you still like to mine choose wisely, check for example http://cloudmining.guru/ for more info.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: altcoins and btc on: July 14, 2014, 10:05:13 PM
Alts have an effect by making the BTC more stable and have less/smaller spike effects. Simply because alts are traded against BTC and this generates a deeper market.
Some major alts like LTC and DOGE can also have small effect on BTC price, but not too much.


Only when you think of different crypto coins serving different purposes, it would lead to a higher overall market cap of crypto coins and therefore to a deepening of the market. By increasing the market cap of all crypto coins and introducing auto mining and trading mechanisms like the one of www.genesis-mining.com the price of bitcoin could be stabilized. This mechanisms mine the most profitable altcoins and exchanged them to bitcoin. Introducing a perfect market Smiley

I'm I don't quite see what you mean here. Why would that lead to the stabilization of bitcoin? And why does miners hopping around drastically changing the hash on different networks help?

Because it can cause a "deepening" of the market. The higher the market cap the lower the volatility since the impact if single transactions decreases. Whether the drastically changing hoppers stabalize or destabilize is a good question.. Think of high frequency trading (super computers which predict stock prices by using past price developments http://en.wikipedia.org/wiki/High-frequency_trading) On the one hand it smoothens market imperfections on the other hand it might cause significant price jumps.
10  Economy / Trading Discussion / Re: Borrowing Bitcoin in order to rent hashpower on: July 14, 2014, 10:01:18 PM
Most mining rental websites will charge you a price above what you can expect to earn by using the hashpower

Yes, at least it currently seems so.. The person who borrows money does not only have to take the loss by renting hashpower but also has to pay the interest rate..
Maybe times will change concerning cloud hashing services..
hashpower rental sites will have no reason to charge less then wheat it would be expected they would earn by mining themselves.

It really only makes sense to rent hashpower if you are trying to test something/do some kind of research or if you are trying to attack a pool/altcoin


I think thats too easy. It is also a question of collecting enough money to be able to run rigs. As a provider you can use new revenue to buy new rigs and scale it up this way..

Besides that I don't think it is clever (from the view of the provider) to put all money on one bet. It also about risk diversification to rent hashpower to others. Especially because the development of prices and exchange rates is NOT predictable as you can see on the last two days upturn..
11  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: July 10, 2014, 11:06:44 PM
So next conference is going to held in Tel Aviv . Is there any chance of south Asia?

Maybe the conference in Tel Aviv will be canceled (gaza war) and by coincidence relocated to e.g. singapore Wink
12  Economy / Trading Discussion / Re: Borrowing Bitcoin in order to rent hashpower on: July 10, 2014, 10:56:15 PM
Most mining rental websites will charge you a price above what you can expect to earn by using the hashpower

Yes, at least it currently seems so.. The person who borrows money does not only have to take the loss by renting hashpower but also has to pay the interest rate..
Maybe times will change concerning cloud hashing services..

13  Alternate cryptocurrencies / Altcoin Discussion / Re: What's Your Favorite Altcoin? on: July 09, 2014, 11:57:48 PM
Feathercoin all the way. Apart from all the great work they are doing over there it has the best community I've found. Friendly helpful the whole package. We all need to learn about something right?

 Smiley Smiley

Made the same experience!
14  Economy / Services / Re: Looking for a place to mine on: July 04, 2014, 06:41:20 PM
I am mining with https://www.genesis-mining.com They are based  Bermuda because of 0% VAT.

Price reduction today!! Contracts range now between 11.9 Cent and 9.4 Cent per kh/s (before it was between 18 and 14 Cent).
15  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider! on: July 04, 2014, 06:32:23 PM
I want to vote for the new coin that Genesis mining is going to add. Can anyone give me the link where i can submit my vote.

There is no permanent poll. Apparently they do polls every two or three weeks. The polls happen on facebook, so you should like the facebook page in order to be informed.
16  Economy / Trading Discussion / Borrowing Bitcoin in order to rent hashpower on: July 01, 2014, 05:16:26 PM
What do you think about this business model? Would you give somebody a bitcoin loan for mining? Or take a loan?

I read that https://bitlendingclub.com/ offers a combined loan and mining service.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: altcoins and btc on: July 01, 2014, 05:04:32 PM
Alts have an effect by making the BTC more stable and have less/smaller spike effects. Simply because alts are traded against BTC and this generates a deeper market.
Some major alts like LTC and DOGE can also have small effect on BTC price, but not too much.


Only when you think of different crypto coins serving different purposes, it would lead to a higher overall market cap of crypto coins and therefore to a deepening of the market. By increasing the market cap of all crypto coins and introducing auto mining and trading mechanisms like the one of www.genesis-mining.com the price of bitcoin could be stabilized. This mechanisms mine the most profitable altcoins and exchanged them to bitcoin. Introducing a perfect market Smiley
18  Other / Beginners & Help / Re: A list of Bitcoin investment opportunities on: June 27, 2014, 04:45:39 PM
www.cloudmining.guru
19  Economy / Economics / Re: Why the fuck do we still use cash? on: June 27, 2014, 04:41:58 PM
Go buy a hotdog on the street shop and pay him with paypal
LOL, now yes i got your point. bt why do we still use cash for larger transactions?

I personally don't know many people that use Cash for "large" purposes. Cash still has some advantages over BTC atm, for example it is much easier to transact in cash when you do not have access to an internet connection.
Another advantage of cash it it's relative anonymity as it generally cannot be traced and it is nearly impossible to determine who had/spent what exact dollar bill

I am glad you saying nearly impossible.  Wink I know law enforcement use "micro dot" technology to mark money, and serial numbers on bills etc.. to track "dirty" money. But as for tracking it, from mint to let's say 2 years use... yea I grant you that it's nearly impossible.

I think we will have fiat cash with us for many more years... Some people still trade in cattle in 3rd world countries, and they had "cash" for years.

Merchant adoption, would determine, how fast fiat cash would dissapear. {Imagine years from now, when people will say... "Do you remmember, when we still used cash, to pay for stuff"  Grin
Generally speaking most cash transactions are truly untraceable. It is just that you don't know which ones are not untraceable until after the fact (when an attacker uses this information against you).

I am not familiar with "micro dot" technology but I know that even using marked bills to track someone can be very difficult. If person A were to be given a marked bill they could easily give that bill to Person B who gives it to person C all the way up to person "x" and there would be little if any record/link to each of these transactions. It would be very plausible for person "x" to have a small amount of marked bills that are a small subset of all the bills in his possession and he would have no link to person A except for a legitimate business transaction with person "x-1" who would have no link to person A except for a legitimate business transaction with person "x-2" and so on.....

Best arguments so far Wink

And I don't think the future lies in the digitisation of every aspect of our lifes. I think people start to be sick of watching all day on computer displays. It's nice to actually "feel" the money instead of only mentally knowing that it exists.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: I know everyone asks this same question, right? on: June 27, 2014, 04:30:28 PM
I belive in Reddcoin. Popular alt coin mining pool www.Genesis-Mining.com has lately added them to there mining pool (in total only 9 coins). These guys are professionals I think you can count on their oppinion.
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