Bitcoin Forum
November 24, 2017, 10:11:18 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Can someone describe what GPUMAX is?  (Read 1397 times)
Paladin69
Hero Member
*****
Offline Offline

Activity: 784


View Profile
September 13, 2012, 01:30:34 AM
 #1

I have an account but I lack an understanding on what is actually going on over there.  There is no FAQ.  I can buy shares for hashpower?  Sell my own hashpower?  How long do you have the hashpower for when you buy the shares?

Without displaying the hashpower you are getting for the shares you purchase, I can't grasp any tangible understanding of what is going on over there?
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511518278
Hero Member
*
Offline Offline

Posts: 1511518278

View Profile Personal Message (Offline)

Ignore
1511518278
Reply with quote  #2

1511518278
Report to moderator
1511518278
Hero Member
*
Offline Offline

Posts: 1511518278

View Profile Personal Message (Offline)

Ignore
1511518278
Reply with quote  #2

1511518278
Report to moderator
bitmonster1070
Member
**
Offline Offline

Activity: 79


View Profile
September 13, 2012, 02:12:39 AM
 #2

Yes you can buy hashpower.  You pay for it and then randomly from a few hours to a few days it will come on and point where you want until your shares are done.

And for about 6 hours a day they buy the power from the people mining that set thier prices low enough to sell to the people that bought the shares earlier in the day or the day before.

And the payouts are random too, which is nice.

Paladin69
Hero Member
*****
Offline Offline

Activity: 784


View Profile
September 13, 2012, 04:06:37 AM
 #3

So what exactly does buying 2 million shares get you?  What is the resulting hashrate and how long does it last?  That is the highest you can crank up the knob for roughly ~50 BTC give or take.

What kind of returns can you get?  For every BTC you spend, can you generate two BTC in the time you have the acquired hash?

What's the catch?
smracer
Donator
Legendary
*
Offline Offline

Activity: 1045



View Profile
September 13, 2012, 05:05:19 AM
 #4

I bought 60,000 shares and about 1-2 days later they started hitting my pool of choice at about 50-70GH.  I ended up losing .5 coins in the process.  It was awesome.

1smracer15yDLhJG27fd7GV3tegcNjtg2
Graet
VIP
Legendary
*
Offline Offline

Activity: 980



View Profile WWW
September 13, 2012, 05:06:48 AM
 #5

you buy shares to gamble on a pool you choose hope it is lucky and pays back more than you spent

or

you sell your shares at above 100% PPS to gamblers
pretty much

https://bitcointalk.org/index.php?topic=55819.0 is thier thread - it has all sorts of info / opinion / fact / fud enjoy Smiley

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
DiCE1904
Legendary
*
Offline Offline

Activity: 1085

NotPaidForMySig


View Profile WWW
September 14, 2012, 10:38:26 AM
 #6

I bought 60,000 shares and about 1-2 days later they started hitting my pool of choice at about 50-70GH.  I ended up losing .5 coins in the process.  It was awesome.


every time I have bought shared I ended up losing BTC also  Embarrassed

ExchangeD.I2p  First Ever Darknet CryptoCurrency Exchange. Trade altcoins anonymously.
http://ylmulgfskl6uiwac4hw4ecwqdzd3oxtwaemzj25zc6k5q4rkexra.b32.i2p
Official Thead: https://bitcointalk.org/index.php?topic=1092682.0
Paladin69
Hero Member
*****
Offline Offline

Activity: 784


View Profile
September 14, 2012, 11:36:50 AM
 #7

I bought 60,000 shares and about 1-2 days later they started hitting my pool of choice at about 50-70GH.  I ended up losing .5 coins in the process.  It was awesome.

Interesting.  Thanks for the input.

you buy shares to gamble on a pool you choose hope it is lucky and pays back more than you spent

or

you sell your shares at above 100% PPS to gamblers
pretty much

https://bitcointalk.org/index.php?topic=55819.0 is thier thread - it has all sorts of info / opinion / fact / fud enjoy Smiley

Cool.  Thanks man.  Smiley


EDIT:  Oh snap this is that Pirate dude...I think I'll be avoiding...lol
Evolvex
Full Member
***
Offline Offline

Activity: 179


View Profile
September 15, 2012, 02:56:30 AM
 #8

I'm glad somebody asked that because I was wondering the same thing as there site doesnt have much on the way of a FAQ.

Think my head just exploded again knowing this.
Paladin69
Hero Member
*****
Offline Offline

Activity: 784


View Profile
September 15, 2012, 05:20:50 AM
 #9

I bought 60,000 shares and about 1-2 days later they started hitting my pool of choice at about 50-70GH.  I ended up losing .5 coins in the process.  It was awesome.

btw how long did the 50 - 70 GH/s last for?
crazyates
Legendary
*
Offline Offline

Activity: 952



View Profile
September 15, 2012, 06:30:50 AM
 #10

I bought 60,000 shares and about 1-2 days later they started hitting my pool of choice at about 50-70GH.  I ended up losing .5 coins in the process.  It was awesome.

btw how long did the 50 - 70 GH/s last for?

60GH/s would take just over an hour to get 60,000 shares.

Tips? 1crazy8pMqgwJ7tX7ZPZmyPwFbc6xZKM9
Previous Trade History - Sale Thread
Saturn7
Full Member
***
Offline Offline

Activity: 147



View Profile
September 16, 2012, 04:21:03 PM
 #11

The problem is that you don't get to specify a rate.
I would rather have an extra 5g/hashes for a couple of hours instead of 50G/hashes for 5 minutes (even though its awesome when it happens)


First there was Fire, then Electricity, and now Bitcoins Wink
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!