[ANN+IPO][VMC] VIRTUAL MINING COIN | IPO IS OPEN NOW!!! GIVEWAY IS ENDING TODAY!

[somogyipeti]

Much higher profitability here http://scrypt.cc?ref=baanv than on CEX.io.
They mine Scryptcoins so profitability never goes done as much as on CEX.io. The price of KHS is pretty steady, so please consider to invest the IPO there.
BTW I really like the idea of a backed currency.

If you would use my referral I would be really, I mean really grateful

I've used ur referral link.
Will give a try to scrypt.cc

However IPO investment cannot just being changed accidentaly, while announcment shows: CEX.IO
Investors have given their BTCs to IPO for investing there.

Please understand this situation.


Anyways, thanks for ur suggestion.
Will scrutinize scrypt.cc as a possible investment.
If it seems promizing, i'll invest there.

Scrypt is the future BTW. So many cryptos in scrypt, that raising difficulty can't queer my pitch...

Thanks for using of my referral link

I can completly understand your point with IPO investors, but I just wanted to suggest it because on CEX.io the price is always falling, at least the last two months

Yes, price is always falling, but we will buy every days GHS from the mined bitcoins. So price is falling, but GHS will grown on CEX. More GHS = more mining power. We think the price will not lower than 3-4 dollar/GHS.

[SyRenity]

Yes, price is always falling, but we will buy every days GHS from the mined bitcoins. So price is falling, but GHS will grown on CEX. More GHS = more mining power. We think the price will not lower than 3-4 dollar/GHS.

Some are forecasting it will go as lower as 2 GH/s (to compete with upcoming offerings from AsicMiner and others), what is the mitigation plan then?

[somogyipeti]

Yes, price is always falling, but we will buy every days GHS from the mined bitcoins. So price is falling, but GHS will grown on CEX. More GHS = more mining power. We think the price will not lower than 3-4 dollar/GHS.

Some are forecasting it will go as lower as 2 GH/s (to compete with upcoming offerings from AsicMiner and others), what is the mitigation plan then?

The PLAN is: mine Bitcoin on cex, and buy every day GHS from the mined coin. So we will grown the GHS every day. It doesn't matter what will be the price 2 dollar or 5 dollar...

[somogyipeti]

Yes, price is always falling, but we will buy every days GHS from the mined bitcoins. So price is falling, but GHS will grown on CEX. More GHS = more mining power. We think the price will not lower than 3-4 dollar/GHS.

Some are forecasting it will go as lower as 2 GH/s (to compete with upcoming offerings from AsicMiner and others), what is the mitigation plan then?

The PLAN is: mine Bitcoin on cex, and buy every day GHS from the mined coin. So we will grown the GHS every day. It doesn't matter what will be the price 2 dollar or 5 dollar...

And you can redeem your coins to GHS our site.

[Coin.millionair]

Much higher profitability here http://scrypt.cc?ref=baanv than on CEX.io.
They mine Scryptcoins so profitability never goes done as much as on CEX.io. The price of KHS is pretty steady, so please consider to invest the IPO there.
BTW I really like the idea of a backed currency.

If you would use my referral I would be really, I mean really grateful

I've used ur referral link.
Will give a try to scrypt.cc

However IPO investment cannot just being changed accidentaly, while announcment shows: CEX.IO
Investors have given their BTCs to IPO for investing there.

Please understand this situation.


Anyways, thanks for ur suggestion.
Will scrutinize scrypt.cc as a possible investment.
If it seems promizing, i'll invest there.

Scrypt is the future BTW. So many cryptos in scrypt, that raising difficulty can't queer my pitch...

Thanks for using of my referral link

I can completly understand your point with IPO investors, but I just wanted to suggest it because on CEX.io the price is always falling, at least the last two months

Thats the point, thanks for highlighting it !
Lowering GHS price is good for IPO investors and everyone who mine, purchase/trade VMC and use em for converting/buying GHS.
As all the daily income from VMC is going to be used for investing in GHS on CEX.IO, the lower the price of GHS, the higher amount is possible to buy, therefore the bigger daily income is generating by them...

Ofcourse as BitCoin difficulty is getting higher, the GHS prices will be lowered in the future, so daily investment in CEX.IO can get higher and higher amount of GHS every day...

Thats the way this coin will have value  and coverage behind...

[SyRenity]

The PLAN is: mine Bitcoin on cex, and buy every day GHS from the mined coin. So we will grown the GHS every day. It doesn't matter what will be the price 2 dollar or 5 dollar...

Ok, with the geometrically increasing difficulty, how much $ you plan to make from the bought GH/s, and are you sure it will be enough to keep buying them?

Do you have any projection tables and plans, taking into account the ever rising difficulty, and projected GH/s cost?

[Mohabmw]

Much higher profitability here http://scrypt.cc?ref=baanv than on CEX.io.
They mine Scryptcoins so profitability never goes done as much as on CEX.io. The price of KHS is pretty steady, so please consider to invest the IPO there.
BTW I really like the idea of a backed currency.

If you would use my referral I would be really, I mean really grateful

I've used ur referral link.
Will give a try to scrypt.cc

However IPO investment cannot just being changed accidentaly, while announcment shows: CEX.IO
Investors have given their BTCs to IPO for investing there.

Please understand this situation.


Anyways, thanks for ur suggestion.
Will scrutinize scrypt.cc as a possible investment.
If it seems promizing, i'll invest there.

Scrypt is the future BTW. So many cryptos in scrypt, that raising difficulty can't queer my pitch...

Thanks for using of my referral link

I can completly understand your point with IPO investors, but I just wanted to suggest it because on CEX.io the price is always falling, at least the last two months

Thats the point, thanks for highlighting it !
Lowering GHS price is good for IPO investors and everyone who mine, purchase/trade VMC and use em for converting/buying GHS.
As all the daily income from VMC is going to be used for investing in GHS on CEX.IO, the lower the price of GHS, the higher amount is possible to buy, therefore the bigger daily income is generating by them...

Ofcourse as BitCoin difficulty is getting higher, the GHS prices will be lowered in the future, so daily investment in CEX.IO can get higher and higher amount of GHS every day...

Thats the way this coin will have value  and coverage behind...

Exactly

[somogyipeti]

The PLAN is: mine Bitcoin on cex, and buy every day GHS from the mined coin. So we will grown the GHS every day. It doesn't matter what will be the price 2 dollar or 5 dollar...

Ok, with the geometrically increasing difficulty, how much $ you plan to make from the bought GH/s, and are you sure it will be enough to keep buying them?

Do you have any projection tables and plans, taking into account the ever rising difficulty, and projected GH/s cost?

Yes, Mohabmw calculated this weeks ago. Mohabwm can you publish your calculation to us please? Just a sample, please!

[Mohabmw]

The PLAN is: mine Bitcoin on cex, and buy every day GHS from the mined coin. So we will grown the GHS every day. It doesn't matter what will be the price 2 dollar or 5 dollar...

Ok, with the geometrically increasing difficulty, how much $ you plan to make from the bought GH/s, and are you sure it will be enough to keep buying them?

Do you have any projection tables and plans, taking into account the ever rising difficulty, and projected GH/s cost?

Yes, Mohabmw calculated this weeks ago. Mohabwm can you publish your calculation to us please? Just a sample, please!

The basis of my calculations we can increase the investment about 13-15%/difficulty level. This could be different because the GHS value is changing.
The bitcoin difficulty history of the last 5 month:

Dec 21 2013    1,180,923,195    30.01%    
Jan 02 2014    1,418,481,395    20.12%    
Jan 13 2014    1,789,546,951    26.16%
Jan 24 2014    2,193,847,870    22.59%       (68,87% jan. monthly)
Feb 05 2014    2,621,404,453    19.49%       
Feb 17 2014    3,129,573,175    19.39%
Feb 28 2014    3,815,723,799    21.92%     (60,8% feb. monthly)
Mar 13 2014    4,250,217,920    11.39%       
Mar 24 2014    5,006,860,589    17.80%       (29,19% mar. monthly)
Apr 05 2014    6,119,726,089    22.23%
Apr 17 2014    6,978,842,650    14.04%

So clearly shows that the reduced of the increasing.

[somogyipeti]

The PLAN is: mine Bitcoin on cex, and buy every day GHS from the mined coin. So we will grown the GHS every day. It doesn't matter what will be the price 2 dollar or 5 dollar...

Ok, with the geometrically increasing difficulty, how much $ you plan to make from the bought GH/s, and are you sure it will be enough to keep buying them?

Do you have any projection tables and plans, taking into account the ever rising difficulty, and projected GH/s cost?

Yes, Mohabmw calculated this weeks ago. Mohabwm can you publish your calculation to us please? Just a sample, please!

The basis of my calculations we can increase the investment about 13-15%/difficulty level. This could be different because the GHS value is changing.
The bitcoin difficulty history of the last 5 month:

Dec 21 2013    1,180,923,195    30.01%    
Jan 02 2014    1,418,481,395    20.12%    
Jan 13 2014    1,789,546,951    26.16%
Jan 24 2014    2,193,847,870    22.59%       (68,87% jan. monthly)
Feb 05 2014    2,621,404,453    19.49%       
Feb 17 2014    3,129,573,175    19.39%
Feb 28 2014    3,815,723,799    21.92%     (60,8% feb. monthly)
Mar 13 2014    4,250,217,920    11.39%       
Mar 24 2014    5,006,860,589    17.80%       (29,19% mar. monthly)
Apr 05 2014    6,119,726,089    22.23%
Apr 17 2014    6,978,842,650    14.04%

So clearly shows that the reduced of the increasing.

Thank you Mohabmw!

[SyRenity]

The basis of my calculations we can increase the investment about 13-15%/difficulty level. This could be different because the GHS value is changing.
The bitcoin difficulty history of the last 5 month:

Dec 21 2013    1,180,923,195    30.01%    
Jan 02 2014    1,418,481,395    20.12%    
Jan 13 2014    1,789,546,951    26.16%
Jan 24 2014    2,193,847,870    22.59%       (68,87% jan. monthly)
Feb 05 2014    2,621,404,453    19.49%      
Feb 17 2014    3,129,573,175    19.39%
Feb 28 2014    3,815,723,799    21.92%     (60,8% feb. monthly)
Mar 13 2014    4,250,217,920    11.39%      
Mar 24 2014    5,006,860,589    17.80%       (29,19% mar. monthly)
Apr 05 2014    6,119,726,089    22.23%
Apr 17 2014    6,978,842,650    14.04%

So clearly shows that the reduced of the increasing.

I have the feeling you are not taking into account the upcoming difficulty increases due to new hardware generations to be released soon.
To be on safe side, I would set the difficulty jumps to 25% - 30%. Is the GH/s buying strategy still possible on such numbers and how?

[Coin.millionair]

The basis of my calculations we can increase the investment about 13-15%/difficulty level. This could be different because the GHS value is changing.
The bitcoin difficulty history of the last 5 month:

Dec 21 2013    1,180,923,195    30.01%    
Jan 02 2014    1,418,481,395    20.12%    
Jan 13 2014    1,789,546,951    26.16%
Jan 24 2014    2,193,847,870    22.59%       (68,87% jan. monthly)
Feb 05 2014    2,621,404,453    19.49%       
Feb 17 2014    3,129,573,175    19.39%
Feb 28 2014    3,815,723,799    21.92%     (60,8% feb. monthly)
Mar 13 2014    4,250,217,920    11.39%       
Mar 24 2014    5,006,860,589    17.80%       (29,19% mar. monthly)
Apr 05 2014    6,119,726,089    22.23%
Apr 17 2014    6,978,842,650    14.04%

So clearly shows that the reduced of the increasing.

I have the feeling you are not taking into account the upcoming difficulty increases due to new hardware generations to be released soon.
To be on safe side, I would set the difficulty jumps to 25% - 30%. Is the GH/s buying strategy still possible on such numbers and how?

Mate.

Noone can see the future !
Nor me, neither YOU can tell, what is the BTC difficulty going to be in  a few days or months !!!

Probably it is increasing continuosly due to ASIC miner units getting into the system...

BUT:
They have a plan and scheduled continuous improvement/investment to backup and cover their coin (VMC)
Unlike other scrypt coins, VMC will have coverage, and it's going to give value to this coin.

However, probably its value will be volatile too, like any other coin.
But its not the same old story ! Its ratio (of volatility) will be way much lower than any other coin without coverage !
It is pretty sure enough !

With that, lets say "insurance" VMC must be a strong coin, that able to keep its value, and in case there will be a persistent demand for it, value can hit the sky...
Rules of "demand and supply" will do the trick, no worries 'bout that...!

[somogyipeti]

The basis of my calculations we can increase the investment about 13-15%/difficulty level. This could be different because the GHS value is changing.
The bitcoin difficulty history of the last 5 month:

Dec 21 2013    1,180,923,195    30.01%    
Jan 02 2014    1,418,481,395    20.12%    
Jan 13 2014    1,789,546,951    26.16%
Jan 24 2014    2,193,847,870    22.59%       (68,87% jan. monthly)
Feb 05 2014    2,621,404,453    19.49%      
Feb 17 2014    3,129,573,175    19.39%
Feb 28 2014    3,815,723,799    21.92%     (60,8% feb. monthly)
Mar 13 2014    4,250,217,920    11.39%      
Mar 24 2014    5,006,860,589    17.80%       (29,19% mar. monthly)
Apr 05 2014    6,119,726,089    22.23%
Apr 17 2014    6,978,842,650    14.04%

So clearly shows that the reduced of the increasing.

I have the feeling you are not taking into account the upcoming difficulty increases due to new hardware generations to be released soon.
To be on safe side, I would set the difficulty jumps to 25% - 30%. Is the GH/s buying strategy still possible on such numbers and how?

"new hardware generations to be released soon."

What new generation? I think ASIC manufacturers are on the maximum in the technology. They can't produce faster chips at the moment. In my opinion, they change their strategy, and they will produce Scrypt miners, like KNC.

[Coin.millionair]

DEVS: somogypeti and Mohabmw

An additional idea is to launch and operate a MULTIPOOL (scrypt is reasonable) and use all of the mined coins to BUY VMC on exchanges (when market is open) so You could generate artifical demand for VMC !!!

You can then pay Multipool miners with VMC.

In this way demand will always be higher than supply, and You all know the rules of Demand and Supply !

Price of VMC will hit the moon...

[somogyipeti]

DEVS: somogypeti and Mohabmw

An additional idea is to launch and operate a MULTIPOOL (scrypt is reasonable) and use all of the mined coins to BUY VMC on exchanges (when market is open) so You could generate artifical demand for VMC !!!

You can then pay Multipool miners with VMC.

In this way demand will always be higher than supply, and You all know the rules of Demand and Supply !

Price of VMC will hit the moon...

Thank you, and thanks your idea! We will speak about this with Mohabmw.

[SyRenity]

"new hardware generations to be released soon."

What new generation? I think ASIC manufacturers are on the maximum in the technology. They can't produce faster chips at the moment. In my opinion, they change their strategy, and they will produce Scrypt miners, like KNC.

This is not correct, I suggest you check the Bitcointalk miners section again (Spond, AM, KNC again - to name a few).

P.S.: I'm not trying to "slam" the coin in any way, I'm asking exactly because I find the concept new and interesting, and want to understand the odds.

[SyRenity]

They have a plan and scheduled continuous improvement/investment to backup and cover their coin (VMC)
Unlike other scrypt coins, VMC will have coverage, and it's going to give value to this coin.

I understand the concept pretty well, though I'm also trying to get what happens in scenario when the generated BTC's by GH/s held by VMC, are not enough to buy more GH/s.

[somogyipeti]

They have a plan and scheduled continuous improvement/investment to backup and cover their coin (VMC)
Unlike other scrypt coins, VMC will have coverage, and it's going to give value to this coin.

I understand the concept pretty well, though I'm also trying to get what happens in scenario when the generated BTC's by GH/s held by VMC, are not enough to buy more GH/s.

I understand you, but i think this is impossible.

[Mohabmw]

"new hardware generations to be released soon."

What new generation? I think ASIC manufacturers are on the maximum in the technology. They can't produce faster chips at the moment. In my opinion, they change their strategy, and they will produce Scrypt miners, like KNC.

This is not correct, I suggest you check the Bitcointalk miners section again (Spond, AM, KNC again - to name a few).

P.S.: I'm not trying to "slam" the coin in any way, I'm asking exactly because I find the concept new and interesting, and want to understand the odds.

The KNC promised first the new generation miners in January. To date I have not seen one either ..
The average speed of the network now is 58-60 PH/s. The 10% of the 60 PH, is 6 PH. 6PH/3TH= 2000 new devices every 2 week.
Do you think that the KNC can produced and deliver 2000/14 day? That mean 142/every single day.
I don't think so.

[Coin.millionair]

They have a plan and scheduled continuous improvement/investment to backup and cover their coin (VMC)
Unlike other scrypt coins, VMC will have coverage, and it's going to give value to this coin.

I understand the concept pretty well, though I'm also trying to get what happens in scenario when the generated BTC's by GH/s held by VMC, are not enough to buy more GH/s.

I understand you, but i think this is impossible.

Thats right:
Generated BTC's will always be enoguh to buy SOME more !

Let me explain why:
1. In case BTC difficulty going higher and higher, price of GHS on CEX.IO will be lower and lower... (Agree ? Its clear.)
2. In case BTC difficulty decreasing (which i think is not going to be the case) GHS price on CEX.IO could be higher, but income in BTC will also be higher (due to decreased difficulty)

So both cases You'll have the income to invest more and more GHS...


2 additional possible (or expected) scenarios:

1/A. BTC price increasing significantly: Noone is willing to sell their GHS on CEX.IO (GHS price is increasing) but the amount of GHS You have already, will generate higher value of ur income.

2/A. BTC price decreasing significantly: Lot of PPL want to sell their GHS on CEX.IO so the price of GHS will be lowered alot, so You could get way more GHS using ur daily income for investment.



Anyways, if You plan for long term, You cannot fail with this plan in case any scenario is going to happen...