So, did anyone from this corrupt company go to jail yet? What exactly does it take? Hopefully Justice is served.
Nope. The went back to India I read, with all that nice BTC. I got my 1/3 down pre-order back from Amex Card used with Paypal, even after both Paypal and Amex denied it. I re-submitted a dispute with American Express ...pointing out that the bill they sent to Amex as proof I was past the 60-day dispute limit (unless you file another appeal which I did) that said PAID IN FULL ...but awaiting shipping. I then pointed out to Amex that I only paid 1/3 for the unit, it was not paid in full as stated, and showed them the Paypal screenshots ..Amex was really, really, pissed off, took I think bank to task got mine and a mess of other $$ back in some manner and that was the last you heard of them. Except somewhere on this thread they went back to India that nice commonwealth country under the U.K. to live with the Alpha Tech Spoils without any consequences. Anyway, surprised they never locked up this thread, newbie scammer mistake....but at the time 1/3 down seemed fine with PayPal but in the end, PayPal said screw you after the 45-day delay (they never shipped anything) and those who did not have the credit card option who did not get a refund in 60 days (more if you filed a dispute under that timeline) also mostly got shafted! Dumb luck and newbie bad forged paid documents by them to Amex is what saved me
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Just as an aside.
BTC was at a high this month on 2/13/20 of $10,425.85 USD.
15 days BTC was at the current price (just looked) of $8,740.45 USD.
This is a 16.16% dump in price in those 15 days for Bitcoin, as best as I can determine.
The Dow Jones was on 2/13/20 a price of $29,290.85 USD.
Again, 15 days Down Jones was today at $25,409.36 USD.
This is a 13.25% dump in price in those 13 days for Dow Jones, as best as I can determine.
Gold was $1,575.74 on 2/13/20. Gold was $1,585.78 on 2/28/20.
So far stocks and BTC are pretty much neck and neck and gold was pretty much flat in price.
We will see, I find it interesting we are in this groove with stock losses.
Anyway, for your consideration of the possible correlation of the Coronavirus situation.
Brad
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I have a few SC1 and may be willing to sell at least one of them, do you have an asking price?
a lot less than 7 days ago when they made $2.10 a day and now make (as I look at below link) https://www.whattomine.com/coins/161-sc-sia or now 44c per on my 3 card unit(s) I got then. FML. Using this calculator at my 10c kWh electric (all included with setup/fixes) At 250gh per board, I get the following for a 500mh 500-watt 2 card setup SC1 I'm making 28c a day over $1.48 in electric thus won't offer much...what do you think you need... I assume it is not being recently used? Anyway..you'd be selling in fear of a dump...I'd be buying in hopes of a pump..flip a coin....ugly indeed! Quite a day from 7 days ago...when the same unit made 77c per day...still ugly...but now with these prices, it has moved into brutal. The only reason I'm mining is that I bought of course units at the high, like 7 days ago only! FML. When a 3 card unit made $2.10 a day, after electric. Now the same 3 card unit makes (using above calculator link) makes 44c a day, after electric. Indeed check my calculations. So I am in a position where I HAVE to mine/hope in that I jumped in at 'obviously' the worst time. Others who have made profits may want to just plain get out, because they have made their profits and don't want to do the hassle of 44c per loaded machine in working on such. pm me if you wish...not sure what is fair to pay..but we can at least discuss, (cry?) about my lack of timing in buying and your lack of faith in selling. But again, I'm pretty much 'forced' to mine these...others maybe not so much. You could say I timed my buy of 7 days ago, really, really, bad huh? later brad
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Well ...interesting....GOLD is down..due to use in manufacturing will slip....stocks are down..bitcoin/crypto is down...so this whole BTC/Crypto use for 'bad times' is coming to pass...too bad, IMHO, BTC/Crypto is being dumped first, because of ease of use. Especially in that, you don't want to take the time to sell your stocks..or gold or whatever ...but 'damn' i can liquidate BTC/Crypto 'fast' to fill my 'empty emergency fund' in case of layoffs because my company can't get China Widgets. So BTC/Crypto is indeed fulfilling its catastrophic and/or emergency use...I just wish it was not so frigging likely for folk to 'prudently' dump such first, because of ease of liquidation. Shoulda saw this coming in 20/20 hindsight.
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Feels good being invested in the safest haven there is as the Stock Boyz meltdown continues.
Bitcoin 'the merciless bitch' is still thinking about following the stock market..or more likely is just messing with our minds for a few days..... When did scientists stop working to cure diseases?
Is it because they can make more money injecting the 99.99% of people that do not have the disease than they can make curing the .001%?
here ya go..what they have been discussing..buying back their own stock or cures the last few years https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html
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Btctalk name: Searing Btctalk URL: https://bitcointalk.org/index.php?action=profile;u=99165Rank: Legendary Merit: 1275 (last 120 days: 75) Current post count: 9139 BTC address : 1PbhCD56EE1ur45UvTca5wEUkAPpTi25oq Will take a step down from Legendary spot, if no openings, at your discretion!
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Well looks like Pence will be the person who will run point on the virus outbreak.
We're screwed. But at least he will prey for us.
i feel safer already Is he not with the Trump Crowd that does NOT believe in Vaccination? Maybe not. HE JUST HANGS OUT WITH THOSE THAT DO! (we are so screwed) I, on the other hand, AM RETIRED EARLY, somewhat due to crypto, though I've been in HODL mode for more than a year on BTC/Crypto/Alts selling of such to live on now. Thus I should start stocking up to live at home, do the over $100 delivery on the web for groceries free to the house thingy ahead of the curve and get lots of rubber gloves, figure out how to 'sanitize' the canned goods as they arrive in bulk. Oh, such 'fun' this will be! NOT! So it MAYBE finally happened...10 years ago I would 'laugh' at those folks that built bunkers and said it was in case of this stuff...DOOMSDAY stay at home and it was really annoying when the main 1st adopters were these guys...getting into BTC and then making said 'fancy bunkers'. Now instead of out of sight out of mind...I'll likely croak, in my home, hearing them 'crow' about their foresight (never really did the foresight thing)....anyway....they just said today the Vaccine is speeding along much faster than in the past and should ONLY take 1 to 1.5 years to distribute...if IT DOES NOT MUTATE TO SOMETHING WORSE...really did not need to hear that last part....it should be fine right? FML? Maybe I should just run about and buy a lot of meaningless sex/sell bitcoin/to take my mind of this .that will help right? Brad
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Interesting..you have a crisis...a potential 'pandemic' thus BTC is used as a store of value in countries where such things would be much worse..you can't trust your government or your banks are corrupt or whatever, like say Venezuela. So now you have your crisis, the one that states 'bitcoin will be a store of value' but what you find is..don't want to take $$$ out of the bank (or hard or like Venezuela you have no cash in banks) So of all the assets, you have set aside like, gold/silver and US currency and Bitcoin which is the 'easiest to move' in a country like Venezuela for quick emergency cash? You could make the same argument for the USA..do I really want to call my broker to move $$$ out? Or wait for long-term on such? Say you are cash poor and 'iffy' on your finances if this goes on for a bit, as a result of a potential layoff or whatever or coronavirus fears...due to slowdown and stoppage of parts in China? But damn, I can dump BTC to 'refund' my (ashamed because empty) "emergency/catastrophe fund' in case any/all of above come to pass. Take this logic worldwide on the status of the current economic issues of all these worldwide and peoples likely reaction to such and it seems to humble a BTC/Crypto HODL'er indeed! So we have the 'twin' fun times of when the stock market crashes on fears of something like this ...discretionary $$$ move out of BTC/Crypto and we dump too. But like today, when the stock market pumps, BTC/Crypto also dumps as much or more. Great thing BTC as a store of value for trying times...until the trying times come...damn this is harsh... HODL I guess, but I'm also as 'cash strapped' as all the idiots above if this continues, so sh*t, this cluster could go on awhile if my 'dubious' above views are kinda correct. The only hope is this resolves itself and stabilizes and Bitcoin recoups as a store of value and being just temporary shakeup/crash in BTC/Crypto. Indeed I hope so! Brad
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Interesting..you have a crisis...a potential 'pandemic'
thus BTC is used as a store of value in countries where such things would be much worse..you can't trust your government
or your banks are corrupt or whatever, like say Venezuela.
So now you have your crisis, the one that states 'bitcoin will be a store of value' but what you find is..don't want to take $$$ out
of the bank (or hard or like Venezuela you have no cash in banks)
So of all the assets, you have set aside like, gold/silver and US currency and Bitcoin
which is the 'easiest to move' in a country like Venezuela for quick emergency cash?
You could make the same argument for the USA..do I really want to call my broker to move $$$ out? Or wait for long-term on such?
I"m cash poor as a result of a potential layoff or whatever or coronavirus fears...due to slowdown and stoppage of parts in China?
But damn, I can dump BTC to 'refund' my (ashamed) "emergency/catastrophe fund' in case any/all of above come to pass.
So we have the 'twin' fun times of when the stock market crashes on fears of something like this ...discretionary $$$ move out of BTC/Crypto and we dump too.
But like today, when the stock market pumps, BTC/Crypto also dumps as much or more.
Great thing BTC as a store of value for trying times...until the trying times come...damn this is harsh...
Brad
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The OP could be right, look at the Litecoin Halving....splat..that went down... I'm in this long term...but it is 'entirely' possible that halving is already factored in with the price...probably, if so, because volume/adoption is not what I think BTC should be at now. I'll HODL anyway, but hard to deny the possibility with BTC looking to go below 9k here soon, that halving could have little effect on price and indeed go sideways in price if not down. Brad
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In the last 6 days, mining profits on these units are down 61.69% with whatever pump and dump reason on top of the BTC dump in price which, as I type BTC looks like it is gonna go below 9K. I'm looking for cheap units from folks who have made their profits on these units and want to bail out. ( 6 days ago Siacoin price was 0.003600 and currently today it is at 0.002221) that is a 61.69% decrease in price and/or mining profits. Yech! So don't get your hopes up boys and girls, but I may take a chance and buy some of these prices are right. But with the current BTC/Crypto sh*tstorm it may be very 'difficult' to put it mildly to make any kind of deal..but what the heck....I'm a stupid 'optimistic type'...so made this posting here. Currently, an Obelisk SC1 1st batch with 3 cards is 800gh at 750 watts and a 2 card unit conservatively would do 500gh supposedly at 500 watts..supposedly or so it states on eBay auctions, which are 'insanely high' by the way...and this is why I'm posting here. https://www.whattomine.com/coins/161-sc-siaA 'supposed' 3 board full batch 1 SC1 model unit will run at 800gh and 750watts makes at 10c kWh exactly $0.45 USD by using this calculator (put the values in above with your electric costs per kWh) So call me stupid, but considering buying some in I think this dump may be a bit more and some recovery will happen...but again, be realistic on my 'guess' and what has happened in the last 6 days. You can post your views here....people can look at my past escrow and or such on here via Trust Settings or suggest someone we can use in escrow should some deal comes to pass. So, I'm betting on this dump being excessive and looking for those with Obelisk SC1 Siacoin Miner equipment (only Obelisk brand does Blake2b-Sia now FYI) that what to trim their amount of miners or are taking their past profits on these used machines and selling them here and/or just getting out of Siacoin Mining. Anyway, again feel free to PM me or hell hash out the likely 'demise' of my plan here as being silly, I don't mind...on the thread here...I'm just 'winging it' here. Do your own research and double-check my work and calculations above to your satisfaction and let me know if you want to sell any via pm or on this thread. And for all of us good luck and hope that BTC/Crypto recovers enough where our 'dubious' hardware purchases of whatever flavor of Algo or ASIC improves beyond the sh*tstorm we seem to be in now. thanks Brad
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Doom.
Yep, it looks like Bitcoin is heading under 9k soon. I swear on any decision crypto-related I should just 'flip a coin' on what to do and keep a chart...I swear one of 2 things. (1) my judgement on all this would improve dramatically or (2) it would still be more or less a 50/50 crapshoot....but at least I could blame the damn coin! Brad
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What is truly purpose of this project ?
I suspect there is 'some' if not 'a lot' of befuddlement about the purpose of the project at this point in time with the latest dump in price. With Bitcoin looking like it is going under 9K, I expect a lot of 'angst' soon about 'dubious' progress on this project...likely and unfortunately will relate to price...likely downward.
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well with a 33% or more price dump and compare that to the payout/vs bitcoin dump and a miner went from $1.80 a day to now 65c or some such... classic pump and dump the last 4 days....even at flat difficulty on the network that has really, really got to hurt...especially in usa with 10c kWh rates kinda/sorta. oh well, its only money right? man, you're lucky in the good old USA, its actually very cheap over there Imagine if you'd live in Denmark or Italy, or pretty much most of the Europe Well, Siacoin in the last 6 days has dumped from 0.003600 to 0.002221 which is a 61.694 % decline and it is still dropping as I type this. As well as Bitcoin dumping which looks like it is gonna end up going under 9K here soon. Well, jeez ain't that kick in the nuts! So price vs progress and timeline..how is this supposed to go again? Seems some major Siacoin Whales are dumping for 'real-world problems' in a big, big way.
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Do not fear the coronavirus.
Prepare for the government exploitation/reaction to the hysteria.
Well, why would the government not react in the same manner as the rest of us are likely too? I should google how long they figure a virus should take to get and deploy but at best I'd guess that is at best 4 months away to end user...likely longer. fun frigging times brad Update: Some foreplay action before we move along. OMG according to this graph 9500 needs a thorough.... testing Still, I don't have enough Bitcoin/Crypto to 'seduce' such as her....need much more BTC for someone like that to pay attention to me, in a very, very, inappropriate relationship, lots more BTC I need to hoard! (hey, any excuse to HODL right?)
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well with a 33% or more price dump and compare that to the payout/vs bitcoin dump and a miner went from $1.80 a day to now 65c or some such... classic pump and dump the last 4 days....even at flat difficulty on the network that has really, really got to hurt...especially in usa with 10c kWh rates kinda/sorta. oh well, its only money right?
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hurry up already...jeez, the time it takes BTC to get 'dressed up' and make an entrance after a stock market dump..is just annoying.... I have lifestyle goals?
Frugal or extravagant or anything in between... we all do. My goal is for BTC to "secure" my currently very frugal lifestyle (expenses.. investments are another completely different thing)... for life. Then we can start talking about new goals. I am sure you have your goals... mind to share? Unfortunately, my life seems to be your life....frugal/boring..etc....need to do something truly epic and senseless and of 'dubious' moral values... but nevermind I need a nap...later Brad
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Coronavirus update.
All of my factory orders in China have told me that they went back to work this week. Now except Wuhan city, others cities are ok Let us know when something actually ships. So the factories are open...what about the cities with main shipping ports..if they are 'dorked' then nothing will move. I am trying to be positive here...but can't see this NOT ending in 'waves' of places shut down as the illness spreads...it will be spotty for months disrupting the supply chain of many interconnected shipping methods IMHO. brad
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Why don't you guys talk about an ordinary flu? It kills more than half a million people every year. Instead of that you like to talk about the corona virus? Why? You want others to stop using cash? Paper bills because they might be infected with a virus? You want to scare them to start using crypto? Is that it? You want cashless society? Well maybe that's better. But lets just say that without playing games around. Lets just say hey people from now on we'll use crypto the new money. Yea!
IMHO, it is 'vaccination' it may come to a point where we are 'vaccinated' for both each year....so I approach looking at this coronavirus as being the flu on steroids with no vaccine yet so a bit concerned myself. See link below on flu WITH vaccinees that do currently exist and double such results of both these outbreaks, maybe each year from now on. http://www.cidrap.umn.edu/news-perspective/2019/04/us-flu-still-elevated-dropping-deaths-high-57000
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Don't let them scare you into reporting you "holdings"!
Tell them NOTHING!
The IRS has known about me since 2013. Banker reported me to SEC for an over 10k sale to get KNC Jupiter Miner from Sweden... ...went to phone meeting with a banker and SEC (voice phone SEC end) and banker's 'proof' was BTC was 'evil' and no way I had done taxes (spring 2014 with new IRS crypto rules) slap'd down my CPA done Tax Forms paid and SEC guy in a 'resigned' voice is why am I here? ...so you can account for the BTC now or when they come later..I myself when the IRS or Whomever comes by saying I am not legit due to my (1) trophy girlfriend (2) boat on the lawn (3) flashy car etc, will show them my 'legit' crypto earnings and tell whoever they are to go 'pound sand' ..eventually KYC will be for all exchanges...so it will only get worse IMHO. (hope it is not as bad as all that ...but soured me on what to expect as a newbie till now from 2013. thats why i have signed some old mining addys with "i am so and so and i mined to this addy between approximately this and this date with this hardware at this pool", saved pool payout logs and screenshots, kept gpu receipts, pics of mining setups etc. i always figured i would have to account for those early btc. it was fine....first went to CPA she said did you spend any BTC you mined..me nope...end of problem...then 2 weeks before the tax deadline of April in 2014....the IRS came out with the 2014 guidelines....went to bank SEC above....thought I was (and happy about it) going to have to pay like $3k to IRS...went to amend taxes with CPA ..she read the IRS 2014 guidelines and laughed and said "you are a farmer' ..thought she had lost her frigging mind...but indeed wrote off all the equipment etc..came out better in HODL'ing BTC back then as a result and such... Anyway, the 'die' was cast...I'm as honest as the frigging snow...i even put my eBay sales and sig campaign money down as income....each year... I may have made mistakes but the whole you deliberately messed with your taxes IRS line is not gonna fly if ever it comes to pass in my future... probably a blessing in disguise actually ...I now have a 7-year track record as a crypto 'small home business' etc. No regrets. later brad
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