Yakamoto
Legendary
 Offline
Activity: 1218
Merit: 1007
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July 16, 2014, 03:00:30 PM |
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Sorry Yak I was telling others who think that hardware is better then cloud. The only way to benefit from cloud is to trade. You need not trade too much but only a bit to get you on the right foot. At scrypt cc I bought at 58 earned some sold at 44 bought back at 33 then sold again at 48 and now bought at around 25 avg so I consider myself a bit lucky. While I did not invest much I am in positive. And happy with what I have right now. Will wait for it to go back up to 30+ before I sell again. But I think we should all consider the new site the crypto cointrade in my signature they are very open accept paypal so you can trace them to their bank account and I asked a few support questions that were answered quickly.
Oooh, np. I see what you where referring to. Your post is very true, as I have heard stories from other people before. And I'm interested in your comment about the coin trade exchange, I'll check it out using your signature, cause I'm nice like that. That does sound like a professional service, so you've got me enticed. |
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dmz241
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July 16, 2014, 05:34:19 PM |
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Sorry Yak I was telling others who think that hardware is better then cloud. The only way to benefit from cloud is to trade. You need not trade too much but only a bit to get you on the right foot. At scrypt cc I bought at 58 earned some sold at 44 bought back at 33 then sold again at 48 and now bought at around 25 avg so I consider myself a bit lucky. While I did not invest much I am in positive. And happy with what I have right now. Will wait for it to go back up to 30+ before I sell again. But I think we should all consider the new site the crypto cointrade in my signature they are very open accept paypal so you can trace them to their bank account and I asked a few support questions that were answered quickly.
Oooh, np. I see what you where referring to. Your post is very true, as I have heard stories from other people before. And I'm interested in your comment about the coin trade exchange, I'll check it out using your signature, cause I'm nice like that. That does sound like a professional service, so you've got me enticed. like I said it doesnt cost and is worth try. I asked them pics and the admin gave entire detail that they are in canada and have a very small farm so I said I would still like pics and he said that he and his partner have real jobs and work part time on the website so he will send me the pictures soon if that makes me feel comfortable. Also I asked him to use another method other then paypal as paypal doesnt support many countries. I gave him the option of 2checkout and 2 mins later he gave me his personal email address and said he will look into 2checkout also and get back to me. That is true support. I guess I am just really impressed by their reply and their willingness to help the userbase. They even want to implement scrypt-n but only after x11 is completed. |
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forever21
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July 16, 2014, 06:35:51 PM |
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IMO cloud mining is not so profitable anymore also hardware mining because of the dramatic increase of difficulties  the only thing that you will get your money back is purchase hold it for a while and then trade it but even its method is a little bit complicated now as more of the cloud mining site are competing for a low price per GH so better to hodl the coin |
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jersey19957
Member
Offline
Activity: 69
Merit: 10
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July 16, 2014, 07:18:29 PM |
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Is it worth it if you mine a ton of a new altcoin and sell on a bubble for more BTC? im sorry that I have to resort to these practices to get BTC but the rest are too slow  |
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jonnybravo0311
Legendary
Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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July 16, 2014, 07:35:21 PM |
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Is it worth it if you mine a ton of a new altcoin and sell on a bubble for more BTC? im sorry that I have to resort to these practices to get BTC but the rest are too slow Sure, it can be. It's a gamble... maybe you get in early enough and can mine a bunch at a low difficulty. Maybe the coin gets put on an exchange and people inflate the value because it is new. Maybe you trade your coins for BTC while the getting is good. Or maybe you mine a ton of a completely worthless crap coin and have a wallet filled with something that you can look at and say, "At least I have a few million of these." |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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jersey19957
Member
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Activity: 69
Merit: 10
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July 16, 2014, 08:43:49 PM |
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Is it worth it if you mine a ton of a new altcoin and sell on a bubble for more BTC? im sorry that I have to resort to these practices to get BTC but the rest are too slow Sure, it can be. It's a gamble... maybe you get in early enough and can mine a bunch at a low difficulty. Maybe the coin gets put on an exchange and people inflate the value because it is new. Maybe you trade your coins for BTC while the getting is good. Or maybe you mine a ton of a completely worthless crap coin and have a wallet filled with something that you can look at and say, "At least I have a few million of these." I already know the feel of having a coupel million shitty coins, not very good  Imagine if you had cloud hashing power for DRK instamine, thats the shit but its too much luck |
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jonnybravo0311
Legendary
Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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July 16, 2014, 09:35:35 PM |
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Is it worth it if you mine a ton of a new altcoin and sell on a bubble for more BTC? im sorry that I have to resort to these practices to get BTC but the rest are too slow Sure, it can be. It's a gamble... maybe you get in early enough and can mine a bunch at a low difficulty. Maybe the coin gets put on an exchange and people inflate the value because it is new. Maybe you trade your coins for BTC while the getting is good. Or maybe you mine a ton of a completely worthless crap coin and have a wallet filled with something that you can look at and say, "At least I have a few million of these." I already know the feel of having a coupel million shitty coins, not very good Imagine if you had cloud hashing power for DRK instamine, thats the shit but its too much luck LOL... want to buy some FSC? I've got plenty. DRK is X11, so CPU/GPU mined... go and sign up for a ton of cloud servers at AWS, Digital Ocean, etc and install the software on them all... might cost you a bit, though  |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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batmanbad
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July 17, 2014, 01:05:13 AM |
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all cloud hashing services is a disaster waiting to happen, the operator can close at anytime after they see a big deposit and close shop.
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dmz241
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July 17, 2014, 05:24:07 AM |
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Well I have mentioned many times if you want x11 check my signature crypto trade offers x11. But they mine on their own pool. I believe scrypt is 90% gpu or as they say it is but their is no proof from them. They never tell what coins they are mining either. |
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