BTCD is no more

[bitkokos]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

[1714998421]

1714998421

[1714998421]

1714998421

[1714998421]

1714998421

[Darkoth89]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

[bitkokos]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

How do I buy btcd with my credit card and how much time I need from purchasing until I put them in my wallet ?

[bitkokos]

I have done this before with LTC and it took 3-4 days.
that might end in buying 25 btcd instead of 50 as price go up like crazy

[jl777]

From: https://nxtforum.org/index.php?topic=4788.msg91304#msg91304

###
Asset ID
3267494002243225342
Ticker symbol
ShortBTCD

--------------

This a synthetic shorting product for the price of BitcoinDark (BTCD). If the Bitcoin-denominated price of BTCD (BTCD/BTC) goes down, ShortBTCD goes up (and vice versa). Initial Price: 100 NXT.

ShortBTCD aims to generate a daily percentage gain inverse to that of BTCD/BTC. Issuer will support ShortBTCD Target Price with orders on the Asset Exchange.

ShortBTCD Target Price equals the most recent ShortBTCD Daily Reference Price minus the percentage change in BTCD/BTC from the most recent BTCD Daily Reference Price. ShortBTCD Daily Reference Price is set daily at or around 10 am ET to current ShortBTCD Target Price. BTCD Daily Reference Price is a weighted average as reported at coinmarketcap.com or comparable substitute, at issuer's discretion, at or around 10 am ET. Issuer will maintain price support on a best effort basis and makes no assurances of timeliness or accurate calculation or reporting of involved prices.

Daily reference price updates and history will also be enshrined at twitter.com/shortnxt.

Also worth noting, given the extreme volatility in BTCD, the orders maintained by the issuer on the order book will tend to be smaller than the actual available liquidity at/near the fair market value.  Given the occasional slow block, it's unwise to maintain an enormous bid or ask that can quickly become a foolish price to be picked off.  So if you're looking to enter/exit a larger position than the order book seems to accommodate, just leave the rest of your order on the book and  - assuming the price is still appropriate - it will be filled (up to the point that the issuer's actual risk limits are reached).

###
For those of you that are not quite understanding all this, this allows you to lock in the current price. of course it it keeps going up, you are losing money on the shortBTCD, but its canceled out by the gains. If you match the value of shortBTCD with the value of your BTCD, then your combined value for both should stay pretty much the same.

So, you can keep staking while locking in a nice ATH price and if it does drop, then you lose money on the BTCD, but make up for it with the shortBTCD. Then you sell the shortBTCD right before the price goes back up.

Now, shortBTCD is not a realtime instrument, it is daily, so it is more for hedging your overall risk without needed to actually sell any BTCD

this is not for everyone, but if you understand it, it is quite useful in situations, especially if we ever get back to thinly traded markets where even one BTC would move the price

James

[Darkoth89]

I have done this before with LTC and it took 3-4 days.
that might end in buying 25 btcd instead of 50 as price go up like crazy

I use bittylicious, coins are delivered within 10 minutes of payment. So your just waiting for the 2 confirms to buy your BTCD really.

[jl777]

just an interesting note. i just realized that right now BTCD market cap is almost exactly 1/1000'th BTC market cap
and BTC markecap is less than 1/1000'th USD money supply (at least I think it is)

just to put things to scale, even after all this crazy growth, BTCD is just a tiny little speck of a tiny little speck

[bitkokos]

I have done this before with LTC and it took 3-4 days.
that might end in buying 25 btcd instead of 50 as price go up like crazy

I use bittylicious, coins are delivered within 10 minutes of payment. So your just waiting for the 2 confirms to buy your BTCD really.

what I mean is that it takes 3-4 days for the bank transfer to arrive. not to receive the coins

[IceColdTommy]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good

[bitkokos]

I have done this before with LTC and it took 3-4 days.
that might end in buying 25 btcd instead of 50 as price go up like crazy

I use bittylicious, coins are delivered within 10 minutes of payment. So your just waiting for the 2 confirms to buy your BTCD really.

what I mean is that it takes 3-4 days for the bank transfer to arrive. not to receive the coins

It doesn't. The whole process takes me about 10 minutes, then I'm sent my coins and just need the network confirms to spend them. Im from the UK though and can send faster payments, so It might be different for you.

Yes, payments from within the same country are too fast. I am not in the UK

[jl777]

I have done this before with LTC and it took 3-4 days.
that might end in buying 25 btcd instead of 50 as price go up like crazy

I use bittylicious, coins are delivered within 10 minutes of payment. So your just waiting for the 2 confirms to buy your BTCD really.

what I mean is that it takes 3-4 days for the bank transfer to arrive. not to receive the coins

It doesn't. The whole process takes me about 10 minutes, then I'm sent my coins and just need the network confirms to spend them. Im from the UK though and can send faster payments, so It might be different for you.

in USA it is faster to purchase a gun than crypto
no joke

[BullFrog]

@Dev  A short question about PoS **Proof of Stake Reward**: 5% per year
                                               **Minimum Coin Stake Age**: 8 hours
                                   is there an 'Maximum Coin Stake Age xxxDays

[bitkokos]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good

[bitkokos]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good

I have a small 9.2gh/s sha256 miner a 1.3mh/s scrypt miner and some hours per day an R9-280x gpu.
Do you have any idea why it gives only rejects with scrypt-n ?
sgminer -k scrypt-n -o stratum+tcp://stratum.nicehash.com:3335 -u mywalletaddress -p x -I 13
I have tried -k zuikkis too but only rejects (Share above target)

[Darkoth89]

@Dev  A short question about PoS **Proof of Stake Reward**: 5% per year
                                               **Minimum Coin Stake Age**: 8 hours
                                   is there an 'Maximum Coin Stake Age xxxDays

Code:

unsigned int nStakeMaxAge = -1; // BitcoinDark - unlimited

[macdadon34]

So glad I HODL.  I bet those weak hands are kicking themselves now.

[IceColdTommy]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good

I have a small 9.2gh/s sha256 miner a 1.3mh/s scrypt miner and some hours per day an R9-280x gpu.
Do you have any idea why it gives only rejects with scrypt-n ?
sgminer -k scrypt-n -o stratum+tcp://stratum.nicehash.com:3335 -u mywalletaddress -p x -I 13
I have tried -k zuikkis too but only rejects (Share above target)

are you getting any HW errors

[bitkokos]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good

I have a small 9.2gh/s sha256 miner a 1.3mh/s scrypt miner and some hours per day an R9-280x gpu.
Do you have any idea why it gives only rejects with scrypt-n ?
sgminer -k scrypt-n -o stratum+tcp://stratum.nicehash.com:3335 -u mywalletaddress -p x -I 13
I have tried -k zuikkis too but only rejects (Share above target)

are you getting any HW errors

Just rejects

[BullFrog]

@Dev  A short question about PoS **Proof of Stake Reward**: 5% per year
                                               **Minimum Coin Stake Age**: 8 hours
                                   is there an 'Maximum Coin Stake Age xxxDays

Code:

unsigned int nStakeMaxAge = -1; // BitcoinDark - unlimited

thanks a lot. It should be postet in OP for newbs like me ..

[Darkoth89]

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.

I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good

I have a small 9.2gh/s sha256 miner a 1.3mh/s scrypt miner and some hours per day an R9-280x gpu.
Do you have any idea why it gives only rejects with scrypt-n ?
sgminer -k scrypt-n -o stratum+tcp://stratum.nicehash.com:3335 -u mywalletaddress -p x -I 13
I have tried -k zuikkis too but only rejects (Share above target)

are you getting any HW errors

Just rejects

Try pointing at another pool see if you get the same result?