Linux_Mint_Pal
Full Member
 Offline
Activity: 196
Merit: 100
Pandacoin (PND) development team member
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July 17, 2014, 04:24:32 PM |
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The same incredibly generous Panda tipped 2 Million pandacoin to the entire IRC channel just moments ago! Come join us and enjoy the rain  Darn I missed it! Keep visiting the irc channel, there is more to come in the future. That's the spirit |
Pandacoin Intergalactic Craft ready for full burn. Commencing diagnostic sequence.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Maurizio
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July 17, 2014, 04:33:36 PM |
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Also missed the rain, but its always worth to join the channel with or without rain.
Today its a sunny day, maybe tomorrow it will rain a lot, just join.
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Maurizio
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July 17, 2014, 05:00:55 PM |
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what a shower now, come and jpin the irc channel
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RTRC
Newbie
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Activity: 52
Merit: 0
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July 17, 2014, 05:35:31 PM |
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Very difficult choice for me right now... Invest my current money in buying PND from the exchange or buying more mining equipment.  |
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pandacoin-official (OP)
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July 17, 2014, 05:44:51 PM |
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Very difficult choice for me right now... Invest my current money in buying PND from the exchange or buying more mining equipment. One thing to keep in mind is that staking is superior to traditional mining in terms of energy costs and hardware maintenance. |
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Linux_Mint_Pal
Full Member
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Activity: 196
Merit: 100
Pandacoin (PND) development team member
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July 17, 2014, 05:45:08 PM |
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Very difficult choice for me right now... Invest my current money in buying PND from the exchange or buying more mining equipment. Mining equipment is becoming less and less profitable with a lower and lower likelihood of a return on investment. There's no telling how mining will change over the next few months, but the trend is a constant decrease in profitability. |
Pandacoin Intergalactic Craft ready for full burn. Commencing diagnostic sequence.
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Linux_Mint_Pal
Full Member
Offline
Activity: 196
Merit: 100
Pandacoin (PND) development team member
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July 17, 2014, 05:48:41 PM |
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Very difficult choice for me right now... Invest my current money in buying PND from the exchange or buying more mining equipment. One thing to keep in mind is that staking is superior to traditional mining in terms of energy costs and hardware maintenance. And if you add this fact into the mix, buying PND now will allow that PND to stake for you, further increasing the amount you have. |
Pandacoin Intergalactic Craft ready for full burn. Commencing diagnostic sequence.
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lynn_402
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July 17, 2014, 05:50:24 PM |
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Very difficult choice for me right now... Invest my current money in buying PND from the exchange or buying more mining equipment. It almost always makes more sense to buy the coins if you think the value will go up, rather than mine. Mining is fun if you want to protect a coin's network, but it seems a bit silly to invest in mining hardware to get a PoS coin. |
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dicksausage
Full Member
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Activity: 220
Merit: 100
PND IS LOVE PND IS LIFE
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July 17, 2014, 06:32:12 PM |
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Very difficult choice for me right now... Invest my current money in buying PND from the exchange or buying more mining equipment. It almost always makes more sense to buy the coins if you think the value will go up, rather than mine. Mining is fun if you want to protect a coin's network, but it seems a bit silly to invest in mining hardware to get a PoS coin. PND's network is protected through PoS staking not mining. Mining PND on the multipool is the same as mining shitcoins and then crushing them to buy PND but the pool does it for you. |
PND IS BEST COIN （´(ｪ)｀） PND IS LOVE PND IS ONLY COIN （´(ｪ)｀） PND IS LIFE |
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Linux_Mint_Pal
Full Member
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Activity: 196
Merit: 100
Pandacoin (PND) development team member
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July 17, 2014, 06:42:50 PM |
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Very difficult choice for me right now... Invest my current money in buying PND from the exchange or buying more mining equipment. It almost always makes more sense to buy the coins if you think the value will go up, rather than mine. Mining is fun if you want to protect a coin's network, but it seems a bit silly to invest in mining hardware to get a PoS coin. PND's network is protected through PoS staking not mining. Mining PND on the multipool is the same as mining shitcoins and then crushing them to buy PND but the pool does it for you. So effectively all mining does is increase buy pressure and get you some coins, So because this is the case, it is only better to mine if spending X dollars on mining will get you MORE than X dollars worth of PND. Which means, it's usually better to straight-up buy PND, simply because mining profitability is dropping such that a return on investment is highly unlikely. |
Pandacoin Intergalactic Craft ready for full burn. Commencing diagnostic sequence.
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RTRC
Newbie
Offline
Activity: 52
Merit: 0
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July 17, 2014, 08:17:26 PM |
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Thanks for all the responses! I totally understand the risk of mining as I already am running some miners I brought a while ago. Anybody who makes a return on their money usually had to mine it before it went huge and everybody brought into it. At the time of PND's release I brought a $5 contract for a guy with 10MH/s to mine a PND pool for an hour. I got 1.7 million PND which was worth about $3-4 at the time. Then a month later prices soared and it was worth about $30. (I also didn't dump the 1.7 like an asshole btw  )There's no doubt in my mind that prices will again soar after the 30th of August. Any coin that brings true innovation to the cryptocurrency is usually worth a lot. So, my major question now is if I buy some more hardware, will it generate enough PND to pay for itself after the price soars? Sure, I could just buy some off the exchange and probably make more after PND soars again, but if I buy more hardware now that could potentially pay for itself, I could continue mining and continue generating PND after the price soars which might give me a better return in the long run. I prefer the latter since I'm in this for the long haul since there can only be a steady incline from here so I might just go ahead and buy a new miner. Hope I didn't come across as some douchebag hoping to make a quick buck. I only intend to sell my PND when I absolutely need the money.  |
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lynn_402
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July 17, 2014, 08:23:15 PM |
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Thanks for all the responses! I totally understand the risk of mining as I already am running some miners I brought a while ago. Anybody who makes a return on their money usually had to mine it before it went huge and everybody brought into it. At the time of PND's release I brought a $5 contract for a guy with 10MH/s to mine a PND pool for an hour. I got 1.7 million PND which was worth about $3-4 at the time. Then a month later prices soared and it was worth about $30. (I also didn't dump the 1.7 like an asshole btw )There's no doubt in my mind that prices will again soar after the 30th of August. Any coin that brings true innovation to the cryptocurrency is usually worth a lot. So, my major question now is if I buy some more hardware, will it generate enough PND to pay for itself after the price soars? Sure, I could just buy some off the exchange and probably make more after PND soars again, but if I buy more hardware now that could potentially pay for itself, I could continue mining and continue generating PND after the price soars which might give me a better return in the long run. I prefer the latter since I'm in this for the long haul since there can only be a steady incline from here so I might just go ahead and buy a new miner. Hope I didn't come across as some douchebag hoping to make a quick buck. I only intend to sell my PND when I absolutely need the money. The sad thing is that the miner you would buy now will be considerably less awesome after August 30th, since this is the period when KNC's titans and their competitors will be released. I would not be surprised if profitability is 10x lower at that time, and because of electricity costs you'd lose money by mining. Congratulations on having the insight to mine PND at launch though |
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Linux_Mint_Pal
Full Member
Offline
Activity: 196
Merit: 100
Pandacoin (PND) development team member
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July 17, 2014, 08:53:57 PM |
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Thanks for all the responses! I totally understand the risk of mining as I already am running some miners I brought a while ago. Anybody who makes a return on their money usually had to mine it before it went huge and everybody brought into it. At the time of PND's release I brought a $5 contract for a guy with 10MH/s to mine a PND pool for an hour. I got 1.7 million PND which was worth about $3-4 at the time. Then a month later prices soared and it was worth about $30. (I also didn't dump the 1.7 like an asshole btw )There's no doubt in my mind that prices will again soar after the 30th of August. Any coin that brings true innovation to the cryptocurrency is usually worth a lot. So, my major question now is if I buy some more hardware, will it generate enough PND to pay for itself after the price soars? Sure, I could just buy some off the exchange and probably make more after PND soars again, but if I buy more hardware now that could potentially pay for itself, I could continue mining and continue generating PND after the price soars which might give me a better return in the long run. I prefer the latter since I'm in this for the long haul since there can only be a steady incline from here so I might just go ahead and buy a new miner. Hope I didn't come across as some douchebag hoping to make a quick buck. I only intend to sell my PND when I absolutely need the money. No problem at all. That's part of the reason we're here, and no, you didn't come across that way. We all make risk/reward analyses when making decisions, and it's commendable that you're making yours so thorough. |
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dicksausage
Full Member
Offline
Activity: 220
Merit: 100
PND IS LOVE PND IS LIFE
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July 17, 2014, 11:20:08 PM |
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 The path of least resistance The perfect time to buy 8ltc worth of PND. |
PND IS BEST COIN （´(ｪ)｀） PND IS LOVE PND IS ONLY COIN （´(ｪ)｀） PND IS LIFE |
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Linux_Mint_Pal
Full Member
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Activity: 196
Merit: 100
Pandacoin (PND) development team member
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July 17, 2014, 11:26:57 PM |
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The path of least resistance The perfect time to buy 8ltc worth of PND. Dat depth |
Pandacoin Intergalactic Craft ready for full burn. Commencing diagnostic sequence.
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Maurizio
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July 17, 2014, 11:45:21 PM |
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where is the daily Panda  |
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Linux_Mint_Pal
Full Member
Offline
Activity: 196
Merit: 100
Pandacoin (PND) development team member
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July 17, 2014, 11:48:34 PM |
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What dost thou mean?
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Pandacoin Intergalactic Craft ready for full burn. Commencing diagnostic sequence.
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