TomosMining - HIGHEST PAID MINING (BTC->FaucetHub) 5% REF!

[winspiral]

Nope. You are the one that needs to use your brain.

Risk implies chance, correct?
For proof I bring Thesaurus.com http://www.thesaurus.com/browse/risk?s=t
A synonym for risk is "luck", "speculation", "uncertainty", and "gamble".

Well. Google gives this definition for "lottery", as the following:

a process or thing whose success or outcome is governed by chance.

So by your own words, it is a lottery.
Perhaps my head just doesn't think right. Enlighten me?

I said it is not a lottery.
The only luck you can have is that an other miner does not "eat" your part of cake.
It is not a game where every one earns the same for the same work.
People with a "little" laptop can earn more they could earn otherwhere if they are strategic.
If earning is not profitable,then they change strategy or stop mining...So easy it is.
Perhaps later it will be worth to mine and take part from the cake...

[shaw1]

It IS a lottery. Even by your current definitions.

The only luck you can have is that an other miner does not "eat" your part of cake.

This is the definition of luck:

success or failure apparently brought by chance rather than through one's own actions.

And again, the definition of a lottery:

a process or thing whose success or outcome is governed by chance.

So it all comes down to who the lucky winner is, who gets the earnings of the rest of the group.

I've noticed about you. You never answer points directly. Including going back to your other failed cloud mining operations that are not a ponzi scheme.

Don't answer back with vague wording, and misdirection. Your definitions are such that this is shown to be a lottery. That's fine. But crawl back to your own thread, and stop comparing yourself with mining operations that pay ALL their users equally per hash.

Yours is gambling. You can't just make more money from nothing. For every "winner" making a fortune, they have to be standing on a pyramid of users who all lost.

[winspiral]

It IS a lottery. Even by your current definitions.

The only luck you can have is that an other miner does not "eat" your part of cake.

This is the definition of luck:

success or failure apparently brought by chance rather than through one's own actions.

And again, the definition of a lottery:

a process or thing whose success or outcome is governed by chance.

So it all comes down to who the lucky winner is, who gets the earnings of the rest of the group.

I've noticed about you. You never answer points directly. Including going back to your other failed cloud mining operations that are not a ponzi scheme.

Don't answer back with vague wording, and misdirection. Your definitions are such that this is shown to be a lottery. That's fine. But crawl back to your own thread, and stop comparing yourself with mining operations that pay ALL their users equally per hash.

Yours is gambling. You can't just make more money from nothing. For every "winner" making a fortune, they have to be standing on a pyramid of users who all lost.

try it and you will see if it is lottery or not.

[shaw1]

Send me money, and you'll see if I send it back or not.
(Same exact logic as you. Just in your case you replace "money" with "time and effort". Which are basically the same thing.)

[winspiral]

Send me money, and you'll see if I send it back or not.
(Same exact logic as you. Just in your case you replace "money" with "time and effort". Which are basically the same thing.)

you have a funny conception about "same" (lol)

[StelioKontos]

The problem is that 300 satoshi per mil is barely profitable for someone who is doing the mining. Anything less than that is only profitable for who hosts the pool, for the miners it's just a waste of time and money. Now if you dont pay for electricity is one thing, but if you do, then it's stupid to invest in something that doesnt pring anything back, unless u just love paying for your computer to mine.

It depends if you look for profitabiliy in short term or long term. Short term profitability is long gone, I don't think it exists anymore.

Infact I don't look for profitability in short term, I take for granted that I'm mining on loss for 95% of the times/coins I pick. So I don't expect to pay the electricity bill with what I just mined the very last month.

Instead, I go for the long term, I know I'm mining at loss now but I hope that BTC will gain a lot more value in the future so what I mine today will be a lot more valuable in 1-2 years.

Tomos instead is enjoying his holidays with what the people are still mining with him lol.

[iiiduncaniii]

The problem is that 300 satoshi per mil is barely profitable for someone who is doing the mining. Anything less than that is only profitable for who hosts the pool, for the miners it's just a waste of time and money. Now if you dont pay for electricity is one thing, but if you do, then it's stupid to invest in something that doesnt pring anything back, unless u just love paying for your computer to mine.

It depends if you look for profitabiliy in short term or long term. Short term profitability is long gone, I don't think it exists anymore.

Infact I don't look for profitability in short term, I take for granted that I'm mining on loss for 95% of the times/coins I pick. So I don't expect to pay the electricity bill with what I just mined the very last month.

Instead, I go for the long term, I know I'm mining at loss now but I hope that BTC will gain a lot more value in the future so what I mine today will be a lot more valuable in 1-2 years.

Tomos instead is enjoying his holidays with what the people are still mining with him lol.

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.

[StelioKontos]

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.

I wouldn't be that pessimistic. There is a chance that if BTC gets mass adoption - now is still in very few hands compared on the mass population of the world - it will naturally increase in value because it's a limited resource. Maybe the satoshis of today will be equal the dollars of tomorrow, who knows

[Senzacervello]

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.

I wouldn't be that pessimistic. There is a chance that if BTC gets mass adoption - now is still in very few hands compared on the mass population of the world - it will naturally increase in value because it's a limited resource. Maybe the satoshis of today will be equal the dollars of tomorrow, who knows

Even if it will ever happen, I don't think it won't be any time soon. I hope you're right because, in this case, the negligible amount of satoshi I own today would make me somebody economically happier. Anyway it is a good point and I stand also with that.

My opinion is that I can "lose" something today when I am mining/collecting, but what I'm losing is something that won't bring me to bankruptcy. It is a kind of bet: if I lose it I won't lose too much, but if I win it I can win a lot

[iiiduncaniii]

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.

I wouldn't be that pessimistic. There is a chance that if BTC gets mass adoption - now is still in very few hands compared on the mass population of the world - it will naturally increase in value because it's a limited resource. Maybe the satoshis of today will be equal the dollars of tomorrow, who knows

Even if it will ever happen, I don't think it won't be any time soon. I hope you're right because, in this case, the negligible amount of satoshi I own today would make me somebody economically happier. Anyway it is a good point and I stand also with that.

My opinion is that I can "lose" something today when I am mining/collecting, but what I'm losing is something that won't bring me to bankruptcy. It is a kind of bet: if I lose it I won't lose too much, but if I win it I can win a lot

It's too volatile, plus the more btcs out there the more hackers, and the more problems like the one from cryptopia which can mean more issues like this we are experiencing with Tomos (not getting paid).

[shaw1]

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.

I wouldn't be that pessimistic. There is a chance that if BTC gets mass adoption - now is still in very few hands compared on the mass population of the world - it will naturally increase in value because it's a limited resource. Maybe the satoshis of today will be equal the dollars of tomorrow, who knows

Even if it will ever happen, I don't think it won't be any time soon. I hope you're right because, in this case, the negligible amount of satoshi I own today would make me somebody economically happier. Anyway it is a good point and I stand also with that.

My opinion is that I can "lose" something today when I am mining/collecting, but what I'm losing is something that won't bring me to bankruptcy. It is a kind of bet: if I lose it I won't lose too much, but if I win it I can win a lot

It's too volatile, plus the more btcs out there the more hackers, and the more problems like the one from cryptopia which can mean more issues like this we are experiencing with Tomos (not getting paid).

By that logic we wouldn't use credit cards, then, because there are far more hackers looking for card information than hackers trying to steal bitcoin.
As for the cryptopia issue, they fixed that pretty quickly, all things considered. Tomos not paying didn't have anything to do with that...

At the end of the day, it's obviously your choice, but I would urge you to carefully look over all the benefits that crypto could bring to the world. Convenience, security, and universality. I bet on that.

[iiiduncaniii]

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.

I wouldn't be that pessimistic. There is a chance that if BTC gets mass adoption - now is still in very few hands compared on the mass population of the world - it will naturally increase in value because it's a limited resource. Maybe the satoshis of today will be equal the dollars of tomorrow, who knows

Even if it will ever happen, I don't think it won't be any time soon. I hope you're right because, in this case, the negligible amount of satoshi I own today would make me somebody economically happier. Anyway it is a good point and I stand also with that.

My opinion is that I can "lose" something today when I am mining/collecting, but what I'm losing is something that won't bring me to bankruptcy. It is a kind of bet: if I lose it I won't lose too much, but if I win it I can win a lot

It's too volatile, plus the more btcs out there the more hackers, and the more problems like the one from cryptopia which can mean more issues like this we are experiencing with Tomos (not getting paid).

By that logic we wouldn't use credit cards, then, because there are far more hackers looking for card information than hackers trying to steal bitcoin.
As for the cryptopia issue, they fixed that pretty quickly, all things considered. Tomos not paying didn't have anything to do with that...

At the end of the day, it's obviously your choice, but I would urge you to carefully look over all the benefits that crypto could bring to the world. Convenience, security, and universality. I bet on that.

U cant compare crypto coins to credit cards, u cant even compare them to stock market. if you get a credit card hacked, the bank will issue u a new one and you will have your credit back. Can anyone guarantee this will happen with hacked bitcoins? I am sorry but i do not see all these great advantages you see. I mined because it was in theory profitable. But at the end of the day since i am not using the earned btcs, i still have a virtual coin in my account not doing anything and i still paid for the electricity.

[shaw1]

Well. If you don't allow credit cards, debit cards then. If those are lost, stolen, or hacked, many banks will do nothing.

Bitcoins cannot be "hacked". You can be careless, and use a very weak password, or share your password with the wrong person, but that is no different than leaving your wallet unattended in a busy place and expecting no one to steal it.

It is true that there is less oversight. But with personal responsibility, there is no reason why that is a bad thing.

Anyhow. Good luck with future ventures.

[flavio.rib]

Hi all,

no news from tomos? He never fail hope this time will be the same

[Coins4Days]

Hi all,

no news from tomos? He never fail hope this time will be the same

What's it been, at least a month now? I don't think anyone is going to see their funds.

[AhmadTaha]

100 People are still mining there lol

[winspiral]

100 People are still mining there lol

Hope is great (lol)

But it is not impossible that tomos pays you out...

[iiiduncaniii]

100 People are still mining there lol

Ya and if Tomos is doing fine and is not in jail, then as long as people mine, hes just going to get all the rewards and stay on vacation or something.

[nosmis]

all my ref already stop mining ...

[StelioKontos]

Guys I've found a rare picture of tomos of about 3 days ago: