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Author Topic: So when can we expect this SolidCoin war to be over ?  (Read 2276 times)
sd
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September 05, 2011, 06:19:40 AM
 #21

Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.

Kartoff, Just in case this hasn't sunk in this message is for you.

Just in case the pretty colors are distracting you:

Past Performance Is Not Indicative of Future Results.


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sd
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September 05, 2011, 07:20:15 AM
 #22

Kartoff,

What did you get for $20,000?

What hardware?

If you are lucky someone will want to buy the GPUs. You might get some money back.

What model are your GPUs and where in the world are you?

Kartoff
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September 05, 2011, 08:00:44 AM
 #23

I am from Bulgaria. I have 5830's, 5850's, 5870's, 5970's, 6870's, 6950's, 6970's, and 6990's as many as i can get. I don't want to sell any hardware even buying when i find something with a good price Cheesy My plan is to continue mining coins in the future and especially SC because they are so good balanced... I am hardware enthusiast and also technican and i want one day when return investment to have bunch of hardwaer to play with Cheesy
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September 05, 2011, 08:20:52 AM
 #24

I am from Bulgaria. I have 5830's, 5850's, 5870's, 5970's, 6870's, 6950's, 6970's, and 6990's as many as i can get. I don't want to sell any hardware even buying when i find something with a good price Cheesy My plan is to continue mining coins in the future and especially SC because they are so good balanced... I am hardware enthusiast and also technican and i want one day when return investment to have bunch of hardwaer to play with Cheesy

What does it mean "good balanced"? I'm really interested in what you think about this. What relevant fundamental is different about SC?

Mining them were profitable because they increased in value. Mining Bitcoin was extremely profitable early this year for instance. Same goes for any of the alternatives as well. Things change. Also keep in mind there are lots of miners and speculators, so the market saturates very fast now, you can't expect ANY fork to help you make more than any of the others for more than a few weeks tops. In addition to all of this, when you make money, someone is losing it, it's a zero sum game. (Zero sum if we don't include additional value the technology provides, which does not turn into reality at the inception of a currency, it needs to build.)
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September 05, 2011, 08:36:59 AM
 #25

I am from Bulgaria. I have 5830's, 5850's, 5870's, 5970's, 6870's, 6950's, 6970's, and 6990's as many as i can get. I don't want to sell any hardware even buying when i find something with a good price Cheesy My plan is to continue mining coins in the future and especially SC because they are so good balanced... I am hardware enthusiast and also technican and i want one day when return investment to have bunch of hardwaer to play with Cheesy

That's actually a good point that many people don't consider, though it also doesn't apply to everyone.

I'm not as concerned as some about my GPU investment (which is small, but was all I could afford at the time) becoming a "loss" if Bitcoin and friends go belly-up.

The reason for this is my roommate and I have two small home businesses, both of which rely heavily on computing. We both use some extremely CPU-heavy things that are starting to gain OpenCL support. If using my GPUs for mining becomes useless 3 months from now, a process I currently wait an hour for on my main desktop will take about three minutes on one of my mining rigs -- the version of the processing library that supports OpenCL for that application is in RC status and will be stable soon. Smiley That ALONE would end up making the GPUs worth it in a couple months, and even if I'm still mining, I plan to have my wrapper scripts just kill the miner temporarily when needed.

"MOOOOOOOM! SOME MYTHICAL WOLFBEAST GUY IS MAKING FUN OF ME ON THE INTERNET!!!!"
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September 05, 2011, 08:53:21 AM
 #26

I am from Bulgaria. I have 5830's, 5850's, 5870's, 5970's, 6870's, 6950's, 6970's, and 6990's as many as i can get. I don't want to sell any hardware even buying when i find something with a good price Cheesy My plan is to continue mining coins in the future and especially SC because they are so good balanced... I am hardware enthusiast and also technican and i want one day when return investment to have bunch of hardwaer to play with Cheesy

What does it mean "good balanced"? I'm really interested in what you think about this. What relevant fundamental is different about SC?

Mining them were profitable because they increased in value. Mining Bitcoin was extremely profitable early this year for instance. Same goes for any of the alternatives as well. Things change. Also keep in mind there are lots of miners and speculators, so the market saturates very fast now, you can't expect ANY fork to help you make more than any of the others for more than a few weeks tops. In addition to all of this, when you make money, someone is losing it, it's a zero sum game. (Zero sum if we don't include additional value the technology provides, which does not turn into reality at the inception of a currency, it needs to build.)


As good balanced i mean sum of SC mined are not too many and can be bought at the price 0.01 and up unlike what happens with IXC where sum is much more wich can't be afforded at such price today...
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September 05, 2011, 09:12:50 AM
 #27

As good balanced i mean sum of SC mined are not too many and can be bought at the price 0.01 and up unlike what happens with IXC where sum is much more wich can't be afforded at such price today...

I really don't get what you mean. Difficulty is a function of price (though difficulty can also affect anticipation and drive price at times), so if it's profitable it will get harder to mine. You can't sell SC for 0.01 BTC now, and that's what is the case. We don't know about the future.

Anyway, Sp0tter posted this today, hope it helps on deciding what to mine: http://allchains.info/
the joint
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September 05, 2011, 09:30:43 AM
 #28

I bought mining hardware in june for more than $20000 i mean... If i mine only BTC i cant pay investment as fast as i should... SC helped me a lot in last week and i want to be sure things will continue in that way... Otherwise how can i be sure same thing wont be happen to BTC tommorow ? I need something i can trust ! I thought at the beginning, before couple of monts, when i heard about cryptocurrency for the first time that it is something can last very long time due to decentralized nature and because nobody can mess up but now i see how bunch of people can ruin whole thing because they don't agree with something...

Relax dude, it's not as bad as you make it seem, because this post makes little to no sense to me lol.   What does the success of SolidCoin have to directly do with the stability and success of Bitcoin?  If anything, eliminating SolidCoin is better for Bitcoin.  It takes more time for vendors/economies to accommodate and invest in 2 currencies than 1, and until then, the economies of each would detract from one another.  Long-term an economy is what drives the value of the currency up - there need to be goods and services backing it.  The only other time you're gonna really profit from a currency is in the very beginning.

You can't be sure the same thing won't happen to the PLANET tomorrow, but that doesn't mean you should kill yourself.  BTC is far more stable than SC.  It as actually has this thing called an economy (kind of) supporting it.  At least your rig is paying you back something and for now, you are, and will continue, to pay back your investment.

It's OK that you can't pay the investment as fast as you "should" (I would like a definition of 'should' in this case).  The mistake was not considering the investment in June!  So, it was an idea in June that really sucked, not this whole SolidCoin thing.  If you redefine how fast you "should" pay it off, then you can fit your expectations to whatever the price of BTC is.  I called this looking at the "glass half-full."

You can trust in Bitcoin because I'm invested in Bitcoin, and whatever I do is a good thing for you to emulate.

Honestly, I'm not sure why you're surprised in the first place.  There have been like 10ish cryptocurrencies between Bitcoin and Solidcoin.  You have (I assume) have witnessed or read about how none of the alternative currencies have managed to break into anything special like Bitcoin.  Solidcoin's been out for what, like 10 days?  I really don't get it.  And don't worry, I'm sure there will be tons of other get-rich-quick cryptocurrencies coming in the near future.

Bottom line - Perk up, get realistic, get a plan, make your money back.

the joint
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September 05, 2011, 09:31:42 AM
 #29

Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.

Kartoff, Just in case this hasn't sunk in this message is for you.

Just in case the pretty colors are distracting you:

Past Performance Is Not Indicative of Future Results.




Yes, it is.

You really didn't see this coming?

zebedee
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September 05, 2011, 12:22:20 PM
 #30

I want to know when all this euphoria around SolidCoin will over and we can go back to time when all worked fine ? I spend time and money with SC and that what happened now are not my fault !!! So i dont want to suffer because somebody dont like what somebody said... Everything worked fime before you to decide to close pools and exchanges... Please bring it back there where it was before... Nobody want to lose his coins and especially when spend a bunch of BTC to buy SC... I will ask it again, why we should suffer when group of people who own pools and exchanges decide to close them because dont like what somebody said Huh I think you can do it in a better way if you can and also is better to try to convince somebody that he is not right with evidences rather than kill him...

Regards.

"Due diligence" includes getting some idea of the persona behind that which you invest in.  Hopefully a cheap lesson in life.
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September 05, 2011, 12:30:50 PM
 #31

Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.
Past Performance Is Not Indicative of Future Results.

Wow, I can't remember I read a post in my head and noticed it had a lisp and said things with sass.

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