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sorry for the late response.
thread didnt catch much traction as I've expected.
nevertheless, your's was/is a really interesting story/journey.
wish you good luck my friend and many hopes for further successes and fruitful ventures.
J.
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private msgs enabled. please submit links to your personal sv or company portfolio for serious consideration.
Thanks.
J.
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hello fellas,
a new startup blockchain project is looking to hire people with the following demonstrable skills:
Ethereum smart contracts / Solidity, Blockchain, Hyperledger, Node.JS, Pivotal Tracker, Jira, Trello experience React.js, Backbone.js RubyonRails/PostgreSQL /Redis Foundation skills of web development HTML/CSS /Javascript.
if anyone finds himself skillful in any combination of the above, drop me a line here.
Thank You.
J.
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Sorry but I don't see it working without transfer of money being met with an opposite transfer of risk. Be it collateral, reputation, what not.
At the least there should be some sort of law binding contractual agreement.
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Just now I came across a new hyip service that doesn't look any more creditable than the others - in terms of transparency at least.
It also promises those ludicrous astronomical ROI but this time, to my surprise, it wasn't in Ukraine, Russia, Romania, or what not;
it is registered in UK! and boasts about showing an official letter upfront in the welcome page.
After few clicks and searches I found out that it was a legit company number and registration letter.
How a scam like that be allowed to operate in UK?
Thought UK laws and regulations were tough to play around in that matter; After all, an estimated one quarter of the world is operating under UK maritime commercial law, is it not? Singapore, Hong Kong, Dubai, etc and so forth..
Must be a new loophole or something, or could it simply be legit?!
I refuse to believe the latter. It just doesn't add up. |
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I think dev got an interesting start here and a wonderful concept behind SPP coin. But it lacks momentum and initial funds to build a campaign around it. I can see voting at c-cex didn't go as planned, at merely 302 votes atm. Is there a plan to promote it more widely as a viable investment opportunity? Mind sharing it? Has a roadmap been formulated yet? Hope it works out. Keep us posted. Got this one on my watch list  |
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Who said, said that mining is not profitable?
I mine LTC with TITANs and BTC with Antminers S9
My last month's electricity consumption total in two places was 3267 euro. (This is with my home electricity cost. Hot water, cooking, etc. )
last month BTC mining result was 9.55 BTC (22 x S9)
and 600 LTC ( at the moment 2200-2300 Mhz)
After deducting the cost of electricity at least 7 BTC month for cover the investment .
U forgot to factor in equipment cost, which obviously isn't little with the size of operation ur running now... After re-doing calculating that in ( cost spread over 12 month till bep,) net profit is deduced. If you read again, you will see that I did not calculate profits. It is more than 7 BTC in month, is that will repay the investment. S9 price was at the beginning 2300 USD 11 x 2300 =25300 USD Add another 12 pc about the same amount of money and get 50 600 USD for23x S9 miners. I got my first 11x S9 over three months ago. after the halving until today all my S9 miners have mined total 18,7 BTC However, for 11x S9 there still were 3 weeks prior to the halving, which came 2 times more BTC . So it was still 0,3 BTC per day + 600 LTC per month, only electricity went less. So in the last three months has come to pay back the investment total at least 21 BTC With today's prices, this is 13 125 USD, by doing this with a year 52 500 USD which almost covers S9 investment. After 9 months from now i still have at least 15 working S9 and 1800 Mhz Titans. Their sales should cover TITANS purchase price. So, in 12 months, I have recouped the investment .. But TITANs have mined much longer than last three months. Thanks for replying to my question tupsu. Still u managed to neglect electricity cost ( no matter how small that might be where u at) but I get the bigger picture you're trying to paint here and let me tell u: it looks good :-) However I have another technical question pertaining to ur setup and consequently to the given calculation above. Why not connect ur miners to a switch and through to 1 central PC ( or two ) instead of 11 PC ( if I understood u correctly )? I believe there are certain mining softwares that enables u to monitor and supervise miners' work from a single station. Not just cheaper but more efficient and cost effective. Thanks again for sharing this with us and wish u good luck with ur operation. |
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Who said, said that mining is not profitable?
I mine LTC with TITANs and BTC with Antminers S9
My last month's electricity consumption total in two places was 3267 euro. (This is with my home electricity cost. Hot water, cooking, etc. )
last month BTC mining result was 9.55 BTC (22 x S9)
and 600 LTC ( at the moment 2200-2300 Mhz)
After deducting the cost of electricity at least 7 BTC month for cover the investment .
U forgot to factor in equipment cost, which obviously isn't little with the size of operation ur running now... After re-doing calculating that in ( cost spread over 12 month till bep,) net profit is deduced. |
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Why u selling those not-so-old models almost half price , if I may ask? Is it because or ROI decreasing ( halving & difficulty increasing )? Or maybe ur looking to purchase the next gen asic gear for better efficiency.. What's is the rate for a kW of electricity in MY anyways? Just curious  |
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Today I read a price in bittelegraph about the those who can conned by Hashcloud filing a petition to get FBI and Interpol to catch those who ran Hashcloud ( not sure if company name is correct though)
Those Hashcloud ppl ran off with 40-60. Million dollars !!!
Such huge scam should be enough for FBI to pursue them and get whomever else worldwide involved if they were serious about bringing em to justice.
Which brings the concerns of lack on the legislation side when it comes to crypto currencies to light. Yet again.
Either "the system" exploiting such misfortune te events to discourage bitcoin wide adoption or probably if pushed hard to seriously investigate a compromise bargain to give up anonymity in exchange for instituting a law against cryptocurrencies fraud.
Isn't a cryptocurrencies a form of property after all? Why established laws aren't enforced in theses cases?
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Lara and BtcTrust as well?
One look at BtcTrust.biz and Larawith.me and I can tell that they're ponzis that will make people lose their money sooner or later, so yeah. Totally agree with you. But I'm still not clear on the criminality charge of those "services" in the eye of the current laws. Certainly, if allow ppl to run a con on u it's ur fault. But laws shouldn't make it easy for those criminals to operated. As a counter argument and out of fairness: many of those websites operate fom countries with neutral to bad commercial legislation and lousy book keeping records. Stand to be corrected though...  |
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In the Bitcoin scene a responsible Ponzi operator at least openly tells people that he is operating a Ponzi. Even that won't prevent people from investing in the hope to be quicker than all others...  ya.ya.yo! Hahaha Ain't human nature a wonderful thing though.... |
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Thank you PO for the nice technical analysis..
Seems about right given the chart attached...
However, I'm more concerned with the fundamental analysis in the case of BTC ( long term )
Doesn't the "boom and bust" market theory apply to BTC as well ( in a limited manner probably since it's not widely in circulation and interest rates or credit have little implications here)
or is it entirely in a different market category by itself?
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Lara and BtcTrust as well?
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BTC capital management businesses are booming nowadays it seems. With several new one springing up everyday. With Lots or online advertisements and big lucrative claims to boost their case. From 30% roi to 300% and even upto 600% roi a day. Leterally. ( Whoa!!  ) To sweeten the deal even further, they even accept initial deposits as low as 30$!! Combine that with something I read today about: If ones wallet wasn't hacked, and some one conned u outa ur Bitcoins, it wasn't considered Criminal! BTC are considered fair game, in the eye of the law. Hanging for grabs, so to speak. According to the random post mentioned  That being said, I wonder how legit their claims are? How do they do that? Can trading crypto-currencies only make you 300-600% profits on a daily basis consistently? What're the legal position or consequences of a fraud occurring in the BTC paradigm? Where the law stand on these issues? If u ask me personally, this is has Ponzi scheme written all over it. But I'm not a markets wiz , so whom I to say, right?? |
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help down vote and methods destroying competition- paying 0.001 btc for each downvote or comment
How is that a thing! please rephrase your question? I meant to say: Where do I sign up? how active ur reddit account? Not so active... Not Just Yet |
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help down vote and methods destroying competition- paying 0.001 btc for each downvote or comment
How is that a thing! please rephrase your question? I meant to say: Where do I sign up? |
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help down vote and methods destroying competition- paying 0.001 btc for each downvote or comment
How is that a thing! |
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So I'm confused now Is peep coin still on and legit to invest in? Or is it a bust already? Did the main dev's abandoned it? Or was there a takeover by somebody else ( who probably, but highly unlikely, didn't get around to this thread somehow) ? "We" got to investigate this ppl... Hmm  |
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