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621  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: August 15, 2015, 01:11:22 PM
just a stupid move for genesis mining. they believe in a free market but yet they cut off about 8m people .
622  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: August 15, 2015, 01:08:44 PM
this makes no sense at all . why just new york ?

Quote from: Genesis-Mining on August 13, 2015, 12:30:58 PM
Dear Genesis Mining community.

Genesis Mining will not be able to comply with the regulations set forth by the proposed BitLicense and as such, we will no longer be able to accept customers from the state of New York. All current customers will be able to continue their services, but going forward, no one with an IP address from the state of New York will be purchase hashpower contracts with us from this point onwards.

We stand by the cryptocurrency community and believe this particular piece of legislation is unnecessary and is an obstacle to free market innovation. We also believe that is exactly what it set it out to do. Companies across the world today posted similar announcements about leaving New York, and while it may seem like a victory to those who passed it, it is important to understand the difference between winning a battle and winning a war. Those who passed this bill have only succeeded in winning a small battle, and as a result have set their state further behind.

More information here
http://blog.genesis-mining.com/bitlicense-red-flag-acts-of-our-era

Coindesk have also written about it here.
http://www.coindesk.com/genesis-mining-leaves-new-york-following-bitlicense-deadline/
623  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: August 15, 2015, 01:04:26 PM
Quote from: alienesb on August 11, 2015, 11:36:52 AM
Quote from: MegaMike on August 11, 2015, 11:34:16 AM
Quote from: crazyivan on August 10, 2015, 10:00:26 AM
Quote from: BitcoinNewsMagazine on August 09, 2015, 06:39:40 PM
If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.
the is complete and utter BS


Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.

This has already been addressed before:

Quote from: Genesis-Mining on July 01, 2015, 05:46:15 AM
...

3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...

All the best and happy mining!
Marco Streng


According to FinCEN ruling cloud mining companies that simply pay out mined coins to the customer are not labeled money transmitters, see http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf Others that offer markets and exchanges (where the company transfers coins on behalf of customers to other customers) can be labeled as money transmitters.

And this following article is interesting as it tells us that getting proper licenses is (too) costly, and therefor you can assume failing to defend your business in US court as not being a money transmitter is even more costly/deadly: http://www.coindesk.com/bitcoin-law-money-transmission-compliance-avoidance

So... What is safer? Investing using a company that's making sure it's still operational next year and beyond, or investing using a company that may not have the required licensing to service US customers or to operate inside the US?

Good points new guy
624  Economy / Scam Accusations / Currency trading site exmo on: August 12, 2015, 10:50:30 AM
Site claims to sell BTC

Site is in Spain .

Site claim to be a crypto-currency market

bet yet doesnt take funds from Americans Huh  

As of right now their is no regulation for Bitcoins in Spain or most european countries for that matter .

Site claims to take paypal but when you login to deposit with paypal . the option isnt their(because it cant be tracked ? )

Be very wary of anything that says their banks cant accept money from americans . I have personally wired money from my US bank to a Bank is spain before .



625  Bitcoin / Mining speculation / Re: antminer s6 4500gh/s 1000watts on: August 10, 2015, 03:10:54 PM
funny they told me they werent doing an s6 design and where going to jump straight to an s7 design with a new chip.
626  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: August 09, 2015, 11:46:27 PM
Quote from: ashfaq on August 09, 2015, 10:35:11 PM
what is the current roi for genesis??? and also for short term 1 year ,anyone has a rough idea

roi prolly 13 months .
627  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Genesis-mining.com || World's leading hashpower provider! on: August 09, 2015, 11:45:48 PM
Quote from: BitcoinNewsMagazine on August 09, 2015, 06:39:40 PM
If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.


so true  Smiley
628  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: August 09, 2015, 11:40:13 PM
Quote from: CanariAnali on August 09, 2015, 03:34:51 PM
Quote from: bastilar on August 09, 2015, 03:14:23 PM
Anyone ever had issues with khs stuck in pending orders for hours or days? I already wrote a support ticket but given how admin is likely to just delete, was wondering if anyone had this problem.

Thanks.

I never opened a ticket, sometimes it takes a few ours, sometimes 2 days


you shouldnt lie . admin doesnt respond to anything . he just deletes it
629  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: August 09, 2015, 11:39:22 PM
Quote from: capone1340 on August 09, 2015, 09:52:57 PM
more 24 hours waiting for my withdrawl and still nothing  Cry this is the end?

the end was awhile ago
630  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: August 09, 2015, 11:37:45 PM
admin their is worthless . the site is a joke .  anyone with a half of a brain could fix the issues on that site .   they still dont have an email server but yet they have 850 ghs of scrypt mining lol
631  Bitcoin / Mining speculation / Re: SP35 Yukon Power vs Uranus v1 Miner on: August 08, 2015, 09:54:34 AM
If the Uranus model is real its a lot better than the Sp35 .  

sp35 uses .66W/GH/s total power usage 3200 wats 28nm chips

 uranus uses .26 watt per gigahash total power usage 1700 wats  20 nm chips

huge difference
632  Bitcoin / Mining speculation / Re: Antminer S6 speculation on: August 06, 2015, 03:53:10 PM
Get an Uranus miner . its 6th and is more energy eff.
633  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: August 06, 2015, 03:51:51 PM
still cant login .
634  Economy / Service Discussion / Re: Genesis-Mining Review on: July 31, 2015, 08:14:11 AM
usd btc . no profits showing up
635  Economy / Service Discussion / Re: Genesis-Mining Review on: July 31, 2015, 03:14:53 AM
looks to be a ponzi scheme here as well .  purchased hash power nothing is mining .
636  Economy / Service Discussion / Re: Genesis-Mining Review on: July 30, 2015, 05:25:01 PM
I got 350 ghs their . And no coins have been added to the account yet . its been up for 6 hours now .




v9ZLJY 2.5 percent discount .   enjoy
637  Economy / Investor-based games / Re: Ore-Mine.org - 100% Real income! Mining in the form of the game. 600+ BTC paid. on: July 29, 2015, 03:52:20 PM
you might wanna advertise google ads on the bottom of your site since they pay both clicks and impressions . and if your site has lots of traffic you make a good amount of money.
638  Economy / Investor-based games / Re: Ore-Mine.org - 100% Real income! Mining in the form of the game. 600+ BTC paid. on: July 29, 2015, 12:44:25 PM
they arent mining . most of their profts come from that chart game and advertising .
639  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: July 29, 2015, 12:42:28 PM
The site is a joke to many errors . and most of all 0 account recovery .
640  Economy / Investor-based games / Re: Ore-Mine.org - 100% Real income! Mining in the form of the game. 600+ BTC paid. on: July 28, 2015, 07:32:25 PM
make it 3 atleast
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