Did you guys get instant ROI during the Paycoin scandal of 2014?

[Za1n]

Reading people moaning about how they missed out on selling at 50 BTC/ZEC reminds me a lot about people who also whine about not holding on to this or that collectable; baseball cards, beanie babies, etc. The problem is if *everyone* held on to these they would not be so valuable. Same thing with ZEC. If everything was working perfect and pools were paying out, the price would have plunged even faster and you would have still only been able to sell at 10 btc/zec, 5/btc/zec, or whatever you ended up with.

You might as well bemoan the fact that you didn't pick those exact wining lottery numbers after the drawing has already taken place. And if this explanation doesn't satisfy you take comfort in the fact most of those crazy high early trades were fake with speculators trying to establish an early high price and buying into their own sells. Sorry Sunshine, no one actually bought at 3,600 BTC/ZEC and gave someone else an instant ROI mining farm.

[Prelude]

Indeed. I consider myself lucky to have been able to sell ~0.2 at ~30BTC/ZEC.

[nanona]

Reading people moaning about how they missed out on selling at 50 BTC/ZEC reminds me a lot about people who also whine about not holding on to this or that collectable; baseball cards, beanie babies, etc. The problem is if *everyone* held on to these they would not be so valuable. Same thing with ZEC. If everything was working perfect and pools were paying out, the price would have plunged even faster and you would have still only been able to sell at 10 btc/zec, 5/btc/zec, or whatever you ended up with.

You might as well bemoan the fact that you didn't pick those exact wining lottery numbers after the drawing has already taken place. And if this explanation doesn't satisfy you take comfort in the fact most of those crazy high early trades were fake with speculators trying to establish an early high price and buying into their own sells. Sorry Sunshine, no one actually bought at 3,600 BTC/ZEC and gave someone else an instant ROI mining farm.

True. What people also don't get: Despite the 3,300 BTC/ZEC, the total available coins were just a fraction of one ZEC, so pretty much nothing was sold, i.e. no volume.
As you say, these stories about ROI entire rigs or farms is utter bullshit.

[adaseb]

There were rigs that got instant ROI if you were one of the first 0.01ZEC to make it into the exchange. There was HUGE volume, don't believe me check the charts.

Most pools weren't ready for the launch, so the one pool that was ready got most of the blocks at once. I think within minutes 150 blocks were solved.

You had to sell within minutes of the launch however...

If you sold at 30BTC/ZEC you actually sold way too late hours later.

[nanona]

There were rigs that got instant ROI if you were one of the first 0.01ZEC to make it into the exchange. There was HUGE volume, don't believe me check the charts.

Most pools weren't ready for the launch, so the one pool that was ready got most of the blocks at once. I think within minutes 150 blocks were solved.

You had to sell within minutes of the launch however...

If you sold at 30BTC/ZEC you actually sold way too late hours later.

You could not have sold "within minutes of the launch". There is something called the coinbase maturity duration and the blocks were not found that fast that the coins matured within minutes. The first dust came hours after launch to the exchange. I mined myself from start with the 1.0.0 client and saw in real-time how blocks and difficulty increased. It was much slower than what you described.

[adaseb]

There were rigs that got instant ROI if you were one of the first 0.01ZEC to make it into the exchange. There was HUGE volume, don't believe me check the charts.

Most pools weren't ready for the launch, so the one pool that was ready got most of the blocks at once. I think within minutes 150 blocks were solved.

You had to sell within minutes of the launch however...

If you sold at 30BTC/ZEC you actually sold way too late hours later.

You could not have sold "within minutes of the launch". There is something called the coinbase maturity duration and the blocks were not found that fast that the coins matured within minutes. The first dust came hours after launch to the exchange. I mined myself from start with the 1.0.0 client and saw in real-time how blocks and difficulty increased. It was much slower than what you described.

Yes it launched, and there were bids and no coins on Poloniex, 120 blocks later it hit the exchanges. I have no idea why you people are arguing and think I am making this up. Some people just got in at the right place and right time and cleared a few BTCs because of it. Good for them.