StrokeOfLife
Full Member
Offline
Activity: 165
Merit: 100
Hello there!
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October 10, 2016, 03:31:26 AM |
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For the mining operation, the minimum is 20 MH ($16.95/MH)
Well, I invest the funds of both DI and Omicron into the same digital assets. That simplifies things for me a great deal. The difficulty comes when I need to calculate the payouts for individual users. Many factors come into consideration- date of deposit, percentage of total, percentage increase of total, division of percentages, etc.
Sounds really taxing for you. I really appreciate what you are doing here for us (actually for yourself too) despite being in a section known for scams. I am planning to switch to Omicron after D.I. being dissolved in November.
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puremage111
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October 10, 2016, 03:55:02 AM |
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I'm currently looking at options to provide a profitable cloud mining service. I have already contacted collocation services in Quebec, and have met a developer in person earlier this week. I can expect completion of a fully-functional website with a user interface, stats, payout system, and account registration in around a month. This will allow investors to purchase cloud mining shares, monitor statistics, and enable auto payments from mining rewards. There will also be a built-in exchange later.
The biggest thing with the mining industry is that it is relatively un-ROIable in many cases. The timeframe to achieve a full return on investment on many new Bitcoin ASIC hardware is over a year when factoring in electricity costs. Then, you also have to consider difficulty increases, and the devaluation of ASIC hardware. That makes it next to impossible to make back your initial investment.
Currently, there are no cloud mining services that can offer a reasonable ROI on their issued shares. These shares are often ridiculously priced, and maintenance fees eat into the revenue. I have made that analysis by looking at the biggest cloud mining services: Hashnest, Genesis Mining, and Hashflare.
What I plan to offer is a cloud mining service that is ROIable- a first in this type of industry. I have done my due diligence in finding affordable hosting, and I currently am looking for cheaper suppliers. In addition, I plan to be the first cloud mining service that will offer hashrate redemption- once mining becomes unprofitable, hardware will be sold and the money be distributed with hashrate owners. This will ensure that the underlying value of the hashrate share will be at least a reasonable portion of the sale price. As the mining hardware will only be GPUs and computer components, the hardware will not devalue significantly. There always is a big market for used computer components, as they hold a multitude of use cases. With this in mind, the investor will earn money from cloud mining, as well as the conversion of hashrate to BTC if mining no longer becomes profitable.
There will be a limited supply of MH (Ethereum mining hashrate) in the early months of this operation, as most of the rig deployment work will be done by a very small team. Rigs will be constructed in Toronto, then driven to Quebec (over 5 hours, once every 2-3 weeks). I currently am looking for early backers, if you are interested, please send me a PM (there will be a pricing discount).
As always transparency will be key. Various pictures will be provided of the hardware, both in construction and running in the collocation center. There will also be a pool address from where everyone can monitor the entire farm's hashrate. The MH we sell will never exceed the hashrate we own.
What would be the minimum $ to be backer for the mining? And for DI and omicron, how do you actually manage to handle 2 projects at once. Salute Thanks and regards For the mining operation, the minimum is 20 MH ($16.95/MH) Well, I invest the funds of both DI and Omicron into the same digital assets. That simplifies things for me a great deal. The difficulty comes when I need to calculate the payouts for individual users. Many factors come into consideration- date of deposit, percentage of total, percentage increase of total, division of percentages, etc. For mining will the roi be more compare to DI/Omicron? Thanks
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Gladimor (OP)
Legendary
Offline
Activity: 1050
Merit: 1000
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October 10, 2016, 09:24:35 AM |
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I'm currently looking at options to provide a profitable cloud mining service. I have already contacted collocation services in Quebec, and have met a developer in person earlier this week. I can expect completion of a fully-functional website with a user interface, stats, payout system, and account registration in around a month. This will allow investors to purchase cloud mining shares, monitor statistics, and enable auto payments from mining rewards. There will also be a built-in exchange later.
The biggest thing with the mining industry is that it is relatively un-ROIable in many cases. The timeframe to achieve a full return on investment on many new Bitcoin ASIC hardware is over a year when factoring in electricity costs. Then, you also have to consider difficulty increases, and the devaluation of ASIC hardware. That makes it next to impossible to make back your initial investment.
Currently, there are no cloud mining services that can offer a reasonable ROI on their issued shares. These shares are often ridiculously priced, and maintenance fees eat into the revenue. I have made that analysis by looking at the biggest cloud mining services: Hashnest, Genesis Mining, and Hashflare.
What I plan to offer is a cloud mining service that is ROIable- a first in this type of industry. I have done my due diligence in finding affordable hosting, and I currently am looking for cheaper suppliers. In addition, I plan to be the first cloud mining service that will offer hashrate redemption- once mining becomes unprofitable, hardware will be sold and the money be distributed with hashrate owners. This will ensure that the underlying value of the hashrate share will be at least a reasonable portion of the sale price. As the mining hardware will only be GPUs and computer components, the hardware will not devalue significantly. There always is a big market for used computer components, as they hold a multitude of use cases. With this in mind, the investor will earn money from cloud mining, as well as the conversion of hashrate to BTC if mining no longer becomes profitable.
There will be a limited supply of MH (Ethereum mining hashrate) in the early months of this operation, as most of the rig deployment work will be done by a very small team. Rigs will be constructed in Toronto, then driven to Quebec (over 5 hours, once every 2-3 weeks). I currently am looking for early backers, if you are interested, please send me a PM (there will be a pricing discount).
As always transparency will be key. Various pictures will be provided of the hardware, both in construction and running in the collocation center. There will also be a pool address from where everyone can monitor the entire farm's hashrate. The MH we sell will never exceed the hashrate we own.
What would be the minimum $ to be backer for the mining? And for DI and omicron, how do you actually manage to handle 2 projects at once. Salute Thanks and regards For the mining operation, the minimum is 20 MH ($16.95/MH) Well, I invest the funds of both DI and Omicron into the same digital assets. That simplifies things for me a great deal. The difficulty comes when I need to calculate the payouts for individual users. Many factors come into consideration- date of deposit, percentage of total, percentage increase of total, division of percentages, etc. For mining will the roi be more compare to DI/Omicron? Thanks The ROI timeframe will not be similar. It will definitely take longer, but it will be a much, much more safe and stable form of income. For DI/Omicron, revenue is from trading (high risk, and returns are not guaranteed). For the upcoming cloud mining program, returns will be from GPU mining (low risk, stable daily returns from mining).
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Mining since 2014
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zyrianka
Newbie
Offline
Activity: 34
Merit: 0
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October 11, 2016, 01:24:49 AM |
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may be put omicron funds, those that are for lending, to the mining instead? I feel this lending business is useless and risky, because exchanges get hacked. this way you don't have to run 2 proeject, and you have diversification as needed. and higher returns and you already have the money or may be not, i don't know
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joel_
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October 11, 2016, 04:06:49 PM |
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DI looks like profitable venture, my respect to OP for running this for quite some time & profitably! Just deposited to test the waters Good luck to OP and to all of you! *edit - and thanks OP for quick reply, that was fast!
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someone111
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October 13, 2016, 02:49:27 AM |
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Mine is 10 days now and I don't mind if you delay and optimize returns.
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antiuser1
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October 13, 2016, 06:16:49 AM |
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I also expect payment for my 3 week investment any time soon. I let you know when I get paid (as soon as I get online).
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Gladimor (OP)
Legendary
Offline
Activity: 1050
Merit: 1000
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October 13, 2016, 08:08:36 AM |
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Payments should be coming either tomorrow or Saturday (coinciding with OMC dividend payouts). All late payments will have their excess returns from the overdue days.
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Mining since 2014
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someone111
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October 13, 2016, 01:37:14 PM |
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Payments should be coming either tomorrow or Saturday (coinciding with OMC dividend payouts). All late payments will have their excess returns from the overdue days.
Sounds good to me. If that works better for you, also the better for me.
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Gladimor (OP)
Legendary
Offline
Activity: 1050
Merit: 1000
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October 16, 2016, 05:03:36 AM |
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Late deposits have been returned (all except for 1, hit the withdrawal limit on Poloniex).
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Mining since 2014
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biggbox
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October 16, 2016, 07:01:07 AM |
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Late deposits have been returned (all except for 1, hit the withdrawal limit on Poloniex).
Thank you Adam! Another great week with 12% returns!
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1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
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jongaper
Newbie
Offline
Activity: 35
Merit: 0
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October 16, 2016, 06:15:52 PM |
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Likewise, thank you!
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apitico
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October 16, 2016, 07:05:48 PM |
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Thank you Adam, i will reinvest
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SyGambler
Legendary
Offline
Activity: 2436
Merit: 1804
guess who's back
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October 17, 2016, 02:49:31 AM |
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recieved my payment again with great returns , thanks a lot Adam for your great work hopefully DI will stay longer , but even if you decide to close I will stay with you in omicron or the new cloud mining just sent another deposit
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c2m
Member
Offline
Activity: 80
Merit: 10
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October 17, 2016, 10:54:59 AM |
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Late deposits have been returned (all except for 1, hit the withdrawal limit on Poloniex).
Hi Gladimor, I guess the last one is me Will you be sending it today ? Thank you very much in advance.
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antiuser1
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October 17, 2016, 11:13:52 AM |
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Late deposits have been returned (all except for 1, hit the withdrawal limit on Poloniex).
Hi Gladimor, I guess the last one is me Will you be sending it today ? Thank you very much in advance. I am also still waiting.
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sbtctalk
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October 17, 2016, 01:11:53 PM |
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recieved my payment again with great returns , thanks a lot Adam for your great work hopefully DI will stay longer , but even if you decide to close I will stay with you in omicron or the new cloud mining just sent another deposit
Yes. I am certain many of us hope that DI will stay longer. Like what other members have suggested previously, perhaps Gladimor can consider administrative measures to reduce his workload - such as accepting deposits only on a day of the week, set minimum investment amounts, and amounts must be easy whole numbers. I seen investors sending in odd amounts such as 0.123433 or 0.2273232 etc. Must be quite a task to calculate returns.
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13Sk3gsQ1ogrzmyt3xMVvByxcUvZr98kKN
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ChadTimmons
Newbie
Offline
Activity: 12
Merit: 0
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October 17, 2016, 06:40:20 PM |
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Have sent you a message with my return address yesterday just waiting for you to send my returns, Many thanks
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Gladimor (OP)
Legendary
Offline
Activity: 1050
Merit: 1000
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October 18, 2016, 03:13:01 AM |
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That last deposit that day was for a 10 BTC investment, was unable to make the withdrawal as I hit the limit. For the rest of the depositors, I will be sending out returns in short order after the Ethereum hardfork tomorrow/the day after tomorrow.
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Mining since 2014
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