cyclonereverb
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January 27, 2015, 12:20:48 AM |
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Yeah, have just traded my 2MH to GH a few days ago, and am feeling "good" about it. Gone are the days where 1MH scrypt generated the same income as 30-40GH SHA. Those were the good old days in the wild west.
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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thevictimofuktyranny
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January 27, 2015, 01:10:34 AM Last edit: January 27, 2015, 01:37:28 AM by thevictimofuktyranny |
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One should remember every new sector of economic in history has had a period were "buyer and seller ignorance" has led to huge pumps or investments in production that were followed by subsequent brutal corrections e.g. Radio, Television, Internet, IT, and so on. This main ways the masses achieve "buyer and seller wisdom" a) trial and error downwards: do it until you suffer horrific losses, then reduce activity by 20%, do it until you suffer horrific losses, then reduce activity by 20% again, do it until you suffer horrific losses - at some point you will find the long term balance profitability ratio b) trial and error upwards: do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, do it if you get ridiculous profits, then increase activity by 20%, - at some point you will find profits stop occurring over the long term. Literally, that is how most people will achieve "buyer and seller wisdom" Obviously, people like "original philosophers" (from Thomas Paine's "Age of Reason) - can develop "buyer and seller wisdom" from 1st principles "Original philosophers" are pretty thin on the ground and I'm afraid it is either a) or b) trial and error for the masses So, guys don't feel bad about what has happened, just use the more accurate experiences to make profits in the future Thank you for your insights. Please poste also some good money management techniques. Thank you, Zorro Lowest risk buys are, as everyone should know is LTC, below $2.60 I know you guys have spent nearly 1 year selling the coins off for Fiat Currency or BTC Down from $14 last year to $1 Janurary But, you must have known the day would arrive when you would have to buy back all those LTC coins to gain profits It is undervalued until it passes $2.60. May go to a peak price of $4 after block halving in August this year, but you want to have a decent safety margin and decent profit margin for tying up BTC/Fiat currencies for 7 months. 2016 is, as everybody should know, BTC's block halving, value will go to a peak somewhere above $400, but buying 1 year 7 months beforehand you'll need stay under $334 to give yourselves a decent profit and safety margin. Buy in small "bits and pieces" each day or so, so the price does not runaway Not that I should say that, because I've got SHA256 ghs at AMhash and Genisis Mining I'll give those ones out, because sometimes people forget to do the basic crypto currency investments correctly, because of various pump and dump stuff that goes with the new alt coins There is one X11 coin I'm stocking up on this year for late 2015 and 2016, but I'll keep that to myself for few months
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thevictimofuktyranny
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January 27, 2015, 04:30:44 PM |
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Just as reminder, for anyone selling there Bitcoins for Fiat Currency in the UK, the escrow website: https://localbitcoins.com/Sellers are getting 6%-7% over the Dollar conversion price. The Uk's "Fast Payment" is free within the UK as well. Always check feedback before selling, more then 20 feedback, verified identity, account must be in buyers name, etc Every little bit helps
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IanFoxley
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Merit: 1000
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January 27, 2015, 08:33:15 PM |
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Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.
Dogecoin (AUTO)
Ian
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cyclonereverb
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January 27, 2015, 11:36:37 PM |
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Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.
Dogecoin (AUTO)
Ian
Thanks for the heads up. Puts (meagre) daily payouts back on the cards again for those of us with next to no hash rate
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IanFoxley
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Merit: 1000
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January 28, 2015, 05:35:52 AM |
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Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.
Dogecoin (AUTO)
Ian
Thanks for the heads up. Puts (meagre) daily payouts back on the cards again for those of us with next to no hash rate Yeh I thought the same, even 1GH/s which is paying out about 600+ satoshis at the moment, should give you some dogecoins each day, that is better than none.
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Serlite
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January 28, 2015, 05:49:39 AM |
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Ooo just noticed that Dogecoin is now a choice in the SHA 256 Mining Allocation Screen.
Dogecoin (AUTO)
Ian
Thanks for the heads up. Puts (meagre) daily payouts back on the cards again for those of us with next to no hash rate Yeh I thought the same, even 1GH/s which is paying out about 600+ satoshis at the moment, should give you some dogecoins each day, that is better than none. Yep! Shifting my payouts with 1 GH/s to Doge now...thought it's still kinda saddening that faucet sites have outstripped my payouts by a long shot now. '-'
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crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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January 28, 2015, 07:17:39 AM |
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So what s the general conclusion, have you people switched to SHA 256 or not?
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IanFoxley
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January 28, 2015, 08:05:11 AM |
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So what s the general conclusion, have you people switched to SHA 256 or not?
I haven't yet..and I think the offer has ended again so, fingers crossed that I will get a 1 satoshi payout in the coming days or it is bye bye 180 MH/s
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julian071
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January 28, 2015, 08:36:42 AM |
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So what s the general conclusion, have you people switched to SHA 256 or not?
I haven't yet..and I think the offer has ended again so, fingers crossed that I will get a 1 satoshi payout in the coming days or it is bye bye 180 MH/s I still could just now. But after doing the math I decided to take the risk with my 156 MH. 6 Days 0 payout now =/
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=P
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crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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January 28, 2015, 08:52:16 AM |
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So what s the general conclusion, have you people switched to SHA 256 or not?
I haven't yet..and I think the offer has ended again so, fingers crossed that I will get a 1 satoshi payout in the coming days or it is bye bye 180 MH/s I still could just now. But after doing the math I decided to take the risk with my 156 MH. 6 Days 0 payout now =/ What does the current math show, 10 MHS vs 10 GHS for example? I do have any SHA 256 hash so I cant compare.
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IanFoxley
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January 28, 2015, 09:06:05 AM |
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So what s the general conclusion, have you people switched to SHA 256 or not?
I haven't yet..and I think the offer has ended again so, fingers crossed that I will get a 1 satoshi payout in the coming days or it is bye bye 180 MH/s I still could just now. But after doing the math I decided to take the risk with my 156 MH. 6 Days 0 payout now =/ What does the current math show, 10 MHS vs 10 GHS for example? I do have any SHA 256 hash so I cant compare. 10GH/s payout was 6163 satoshis.....10MH/s payout... 0 ..
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Glucose
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January 28, 2015, 06:03:48 PM |
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So what s the general conclusion, have you people switched to SHA 256 or not?
I have.. I don't believe scrypt mining will survive but that's my point of view
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thevictimofuktyranny
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January 28, 2015, 10:14:12 PM |
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Yeah, that is why I bought SH256 GHS at Genesis and AMhash (formerly Hashie) :0 Did a forecast/prediction, which showed mining difficulty would be falling this year on BTC network due to it’s sub-$334 price. Making it less risky to buy SHA256 cloudmining, even if the ROI would be closer to 12 months then 5 months Yet to show benefits on BTC, because the gravity well difficulty is not adjusted live by maths equations on the network, but set every 2 weeks or so by the organisation; it has yet to be reduced I was surprised at how many people were buying scrypt cloud mining before christmas
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tglauner
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January 29, 2015, 02:52:34 AM |
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Is there any way to know how financially stable GM is? If you invest nowadays into sha 256 it will take several months to get your money back based on current BTC price and difficulty. Does GM disclose financials if you ask them or how do you assess in general how sound a miner's business is and how long they will be around?
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thevictimofuktyranny
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January 29, 2015, 03:17:54 AM |
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Is there any way to know how financially stable GM is? If you invest nowadays into sha 256 it will take several months to get your money back based on current BTC price and difficulty. Does GM disclose financials if you ask them or how do you assess in general how sound a miner's business is and how long they will be around?
Well, Ask yourself some questions: 1) Where would I build a Bitcoin mining farm, if I had cash reserves in the industrialized group of nations? Iceland. 2) How would I keep my businesses cash reserves? Sell off some of Bitcoin mining farm output as cloud mining to investors. 3) How do are maximize prices of cloud mining to buyers? No anonymity, openness and transparency and better mining equipment then the competition. Genesis Mining equipment hash output outperforms Gen 3 hash at AMhash by about 40%. Genesis Mining can mine the hash itself for a profit, in fact so could AMhash, but it is better strategy for them to maintain cash reserves and spread the risks back into the crypto-community. Those are some of observable facts At the end of day, you have to judge the risk for yourself There is no past history, it is all on you own judgment
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galdur
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January 29, 2015, 03:18:04 AM |
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50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.
So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.
With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.
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thevictimofuktyranny
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January 29, 2015, 03:48:22 AM |
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50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.
So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.
With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.
Those kinds of ROI are only offered when manufacturers are building new farms This looks like a consolidation year for ASIC manufacturers and there will be little or no new farms built. Therefore, why would they be eager to offload their remaining SHA256 hash cheaply Genesis remaining cloud mining is just teaser that will permanently on offer for 2015, 2016 when the Bitcoin block reward halves is when new/refurbishments of farms may occur. Equally, AMhash has been sold out 2 months so no-one has really any choice. The exchange Havelock, which has trading on AMhash hash shares has some available, which is less expensive, but less productive Therefore, a 320 day ROI looks like a realistic timeframe
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galdur
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January 29, 2015, 04:00:39 AM |
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50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.
So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.
With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.
Those kinds of ROI are only offered when manufacturers are building new farms This looks like a consolidation year for ASIC manufacturers and there will be little or no new farms built. Therefore, why would they be eager to offload their remaining SHA256 hash cheaply Genesis remaining cloud mining is just teaser that will permanently on offer for 2015, 2016 when the Bitcoin block reward halves is when new/refurbishments of farms may occur. Equally, AMhash has been sold out 2 months so no-one has really any choice. The exchange Havelock, which has trading on AMhash hash shares has some available, which is less expensive, but less productive Therefore, a 320 day ROI looks like a realistic timeframe Happy buying then and good luck. My 50% less expensive AMHASH hash paid 0.00000617 per GH/s today or about the same as GM. But with about the realistic term of ROI, ca. 140-150 days, that I mentioned.
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ranlo
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January 29, 2015, 09:45:09 AM |
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50 GH/s costs .104 BTC and I guess a voucher can be found for 5% off. This pays what .00030000/day.
So you lend them money in the hope that they´ll repay it over 320 days or so (plus or minus depending on difficulty and USD price) and THEN you will start seeing net returns? Seems like a terrible deal but definitely not for them.
With BTC this low and general uncertainty regarding its action in the coming year I think the minimum yield demand should be around .7%/day or ROI in about 140 maybe 150 days.
While I generally agree with you on the cloud mining, there's a good thing happening as of late for those that did end up investing: difficulty is about to drop 5% (as of my last look) which is huge. Will it jump back up? Probably. But this gives around 2 weeks minimum of boosted income.
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