scam, lost all money , price dump , f#ck you
What you fuck like a dick for dude Orme is tied to Bitcoin's price
after 10 days Bitcoin will cost $ 2700, and Orme will cost $ 0.05
You have to know before investing in ICO or buying coins, see, bitcoin and ethereum dropped to 90% at ATH, this is really terrible, but if you are patient with Ormeus I don't think you will lose more money
Jaso is that he will not get lost by Orme because ,,,. Orme owns 1% of the operational power of SHA 256 that currently supports exactly 17 029 321 ORME (the low value is true because the Bitcoin price is low, Bitcoin Cash while splitting is broken down - SHA 256 works at a loss) but after a while the price of Orme will exceed the price of 150000 Satoshi, thanks to the visceral gentleman. Satoši - the best strategist strategist of the 21st century
@Kachika
What is Orme's current hashrate? According to their website it's 200-250PHs. With BTC current hashrate at 35-40.000 PHs, after dropping almost 40% since mid OCT, that's more like 0.5%. They have said they were going to have 700PHs before the end of the year, but I doubt that'll happen.
The circulating supply volume on CoinMarketCap isn't correct. It's at least 30M according to their website, possibly more if you include bounty and market making.
A simple calculation shows that, given 250 PHs and power cost of USD 30 cents per KWh (a low estimate,) they're generating approx. 10,9 BTC a day. That's a profit of around USD 17.000 a day, after electricity cost, not including other operational expenses than electricity, such as facility and salary.
40% of that should go to ORV or about USD 6.800 (2 BTC) a day. We don't have any information about their operational expenses nor their cost of electricity, so we don't know what the actual numbers are, but this is most likely best-case scenario at the moment.
There's no real connection between Orme price and BTC price, and never has been. I believe it was the initial intention and maybe it will one day, but there's no way to explain trading volume or previous price pumps any other way. Price volatility decreased massively after they detached ORME from its MLM roots. Once that happened there was no reason to pump the price anymore and it's been gradually going down ever since.
Don't forget that there is still liability on ORME from Ormeus Global. Soon they're releasing a huge amount of coins, (don't know how much, guessing some X million) from accounts that have been in escrow since Ormeus Global started. Those coins are coming on the market soon. Additionally, they plan to transfer 50 million Orme to the vault to back up Orme Cash when it launches. How is doubling the circulating supply going to help with the price?
About Ormeus Cash, there’s one thing I struggle to understand, and you or someone here can perhaps help me with. What funds are they using to buy those Orme they’re storing in the vault as collateral or backup for Ormeus Cash? Are they using the reserve vault / mining revenue for that?
