[KRYPTOLOGIKA] Trade silver-backed hash power for the best prices!

[l3sny]

Hi,

We launched kryptologika.com last Friday for the Polish market. In a moment our website will be available also in English for the wider community
We have competitive prices, reasonable maintenance fees and lots of TH/s to share with you! We are also promoting investing in physical silver, each TH/s is backed by 1 Oz of pure silver in the form of bullion coins (1GH/s = 0.001 Oz).

Should you need any further information just ask in this topic or e-mail us on info@kryptologika.pl

Kryptologika Team




How does it work?

Using the services of the platform is simple and instant.

Registration on the platform in beta version requires a login, password, e-mail address and name. Once you confirm your email with an activation link sent to you, you will receive an account and deposit address. After transferring bitcoins you can buy and sell GH/s for the prices offered on the market. A price and volume chart is visible on the main page. Mining of bitcoins with  acquired hashing power will start almost immediately with the next solved block following the purchase of the shares. You can make an offer to sell the shares on the market at any time. In both cases they are a source of bitcoins corresponding to the amount of GH/s minus the maintenance costs and changes in difficulty over time.
 
At this stage in beta version it is only possible to buy and sell shares for bitcoins. In the nearest future buying shares will be made ​​available for PLN, EUR, GBP and USD payable by bank transfer or by another payment processors.
 
Each power unit has unlimited time operation and has is protected by a "Residual value" liquidation of which will occur when the growth of computing power of the bitcoin network will result in no profit from mining due to costs of maintenance. The residual value is 0.0311 grams of silver for every GH/sec owned,that is one ounce of silver for 1 terahash (equal to 1,000GH/s). The value of the hashing power thus will never fall to zero and will correspond to the market value of silver at the time of redemption of the share. Settlement of the residual value will be made ​​no later than 30 days after the redemption of shares and may be made either in the form of a consignment of easily recognizable silver bullion coins to the address specified by the user or a settlement in bitcoins based on COMEX prices.
 
We invite everyone to read Terms & Conditions.
 
If you have any questions or concerns, please contact us at one of the following e-mail addresses:info@kryptologika.pl or support@kryptologika.pl


Fees:

Purchase / sale of shares  -  0%

Maintenance fee - 0.01175 PLN/Ghs per day
GBP 0.002255/Ghs per day (@ GBP 1.00 = 5.2149PLN approx. NBP av. exchange daily rate)
EUR 0.002804/Ghs per day (@ EUR 1.00 = 4.18PLN approx. NBP av. exchange daily rate)
USD 0.003755/Ghs per day (@ USD 1.00 = 3.1285PLN approx. NBP av. exchange daily rate)

Transaction fee for transfer of bitcoins to an external address - 0.0002BTC


*NBP= Polish National Bank

Technical Information on calculating awards:

When a block is mined, the system will determine an award and credit it to your account.
Awards for the block will be credited to your account after fifteen confirmations from the Bitcoin network
Each user’s award for the block is calculated using the formula:
Owned shares * block time * 1000 * block reward * 1014/ 232*difficulty
There is a maintenance fee that is deducted from the award generated by the shares
The fee for the maintenance of the shares is calculated using the formula:
Owned shares * Base fee per second * time in seconds * 108 / average price during block
Calculation and payout of awards for the block is delayed about  2.5 hours due to the time required to fully get block confirmed by the network.
Any balance of BTC is exact to one satoshi (10-8BTC)
Award and fee amounts are rounded to the nearest satoshi, downward for block rewards, and up for fees.
Awards and fees are processed with accuracy to the nearest second.
When shares are transacted, the new balance will be calculated within the next second after user confirmation.
The maintenance fee is calculated in PLN and charged in BTC.
The conversion rate is calculated using the  daily average rate of exchange BTC/PLN at bitcurex.com

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[l3sny]

Other threads involving discussion about the platform:
https://bitcointalk.org/index.php?topic=723092.40

[Reclaim3r]

Hi,

We launched kryptologika.com last Friday for the Polish market. In a moment our website will be available also in English for the wider community
We have competitive prices, reasonable maintenance fees and lots of TH/s to share with you! We are also promoting investing in physical silver, each TH/s is backed by 1 Oz of pure silver in the form of bullion coins (1GH/s = 0.001 Oz).

Should you need any further information just ask in this topic or e-mail us on info@kryptologika.pl

Kryptologika Team





How does it work?

Using the services of the platform is simple and instant.

Registration on the platform in beta version requires a login, password, e-mail address and name. Once you confirm your email with an activation link sent to you, you will receive an account and deposit address. After transferring bitcoins you can buy and sell GH/s for the prices offered on the market. A price and volume chart is visible on the main page. Mining of bitcoins with  acquired hashing power will start almost immediately with the next solved block following the purchase of the shares. You can make an offer to sell the shares on the market at any time. In both cases they are a source of bitcoins corresponding to the amount of GH/s minus the maintenance costs and changes in difficulty over time.
 
At this stage in beta version it is only possible to buy and sell shares for bitcoins. In the nearest future buying shares will be made ​​available for PLN, EUR, GBP and USD payable by bank transfer or by another payment processors.
 
Each power unit has unlimited time operation and has is protected by a "Residual value" liquidation of which will occur when the growth of computing power of the bitcoin network will result in no profit from mining due to costs of maintenance. The residual value is 0.0311 grams of silver for every GH/sec owned,that is one ounce of silver for 1 terahash (equal to 1,000GH/s). The value of the hashing power thus will never fall to zero and will correspond to the market value of silver at the time of redemption of the share. Settlement of the residual value will be made ​​no later than 30 days after the redemption of shares and may be made either in the form of a consignment of easily recognizable silver bullion coins to the address specified by the user or a settlement in bitcoins based on COMEX prices.
 
We invite everyone to read Terms & Conditions.
 
If you have any questions or concerns, please contact us at one of the following e-mail addresses:info@kryptologika.pl or support@kryptologika.pl


Fees:

Purchase / sale of shares  -  0%

Maintenance fee  -  0.01175PLN/GH/s per day
GBP 0.00222/Ghs per day (@ GBP 1.00 = 5.288PLN approx. NBP av. exchange daily rate)
EUR 0.003573/Ghs per day ( @ EUR 1.00 = 4.199PLN approx. NBP av. exchange daily rate )
USD 0.00375/Ghs per day (@ USD1.00 = 3.13PLN approx. NBP av. exchange daily rate)

Transaction fee for transfer of bitcoins to an external address - 0.0002BTC


*NBP= Polish National Bank

Technical Information on calculating awards:

When a block is mined, the system will determine an award and credit it to your account.
Awards for the block will be credited to your account after fifteen confirmations from the Bitcoin network
Each user’s award for the block is calculated using the formula:
Owned shares * block time * 1000 * block reward * 1014/ 232*difficulty
There is a maintenance fee that is deducted from the award generated by the shares
The fee for the maintenance of the shares is calculated using the formula:
Owned shares * Base fee per second * time in seconds * 108 / average price during block
Calculation and payout of awards for the block is delayed about  2.5 hours due to the time required to fully get block confirmed by the network.
Any balance of BTC is exact to one satoshi (10-8BTC)
Award and fee amounts are rounded to the nearest satoshi, downward for block rewards, and up for fees.
Awards and fees are processed with accuracy to the nearest second.
When shares are transacted, the new balance will be calculated within the next second after user confirmation.
The maintenance fee is calculated in PLN and charged in BTC.
The conversion rate is calculated using the  daily average rate of exchange BTC/PLN at bitcurex.com

Kryptologika seems like a great alternative to CEX.io, but I'm somewhat concerned over its legitimacy.
Would you be willing to provide photographs of the mining facility?

[l3sny]

Hiya

Yes I am working on it. This is just a technical issue, someone needs to go to the DC take kryptologika logo and take the pictures. Please understand that we are not in one place.

I am unsure if I will be able to provide photos with kryptologika logo from the Chinese DC. It depends on the person who is in charge there but I will do my best.

At the moment we have a bit less than 3TH available on the platform on ASK. I am happy to provide a link up to this amount or more if this would satisfy the other people scrutinizing kryptologika here:
https://bitcointalk.org/index.php?topic=723092.msg8308636#msg8308636

Their list is somewhat longer I will provide also photos of the coins along with kryptologika logo;)

I will update this thread shortly.

[Reclaim3r]

Hiya

Yes I am working on it. This is just a technical issue, someone needs to go to the DC tak kryptologika logo and tak the pictures. Please understand that we are not in one place.

I am unsure if I will be able to provide photos with kryptologika logo from the Chinese DC. It depends on the person who is in charge there but I will do my best.

At the moment we have a bit less than 3TH available on the platform on ASK. I am happy to provide a link up to this amount or more if this would satisfy the other people scrutinizing kryptologika here:
https://bitcointalk.org/index.php?topic=723092.msg8308636#msg8308636

Their list is somewhat longer I will provide also photos of the coins along with kryptologika logo;)

I will update this thread shortly.

Ah, okay. Now as for the founders of Kryptologika, would it be possible to see some LinkedIn profiles or some form of professional proof?
And what mining hardware are you using? From the available graphic data, it appears to be spaciously placed Block Erupter Blades with heavy duty heatsinks.
I'm also still somewhat confused as to how the GH\s can be backed by silver.

[l3sny]

Well I am not prepared to send my linkedin data here. I can PM it exclusively for you and you can confirm in public that you have seen it. Is that ok?
The mining equipment consists of Jupiters, Neptunes and Dragons T1. I will provide you with photos tomorrow.

Residual value is to protect 1 GH/s of our mining undertaking to fall to complete zero. I cannot predict how much BTC price would be in a year or two, what difficulty will be or what price of silver would be. However if all falls to pieces one day (following a giant spike in prices!) we will have plenty of physical silver I am happy to send or settle via bitcoin. I has been explained in How it works on the website.  It is just a protection and good investment incentive which I believe makes our product unique and attractive.

[Reclaim3r]

Well I am not prepared to send my linkedin data here. I can PM it exclusively for you and you can confirm in public that you have seen it. Is that ok?
The mining equipment consists of Jupiters, Neptunes and Dragons T1. I will provide you with photos tomorrow.

Very well. Thank you very much for being so cooperative. I hope to confirm the legitimacy of Kryptologika and eventually even invest in it if so.

[l3sny]

link sent via PM

[OgNasty]

Interesting project.  Good luck!  I was planning something similar but you beat me to it by about a month!

[l3sny]

Old good Nastyfans
Well I have had a very good time with you I will never forget !
I think silver protected GH/s would be a new standard. You think where from the inspiration came?
Cheers!

[Reclaim3r]

Thank you for providing me with the necessary information.

Anyway, the photos regarding your mining hardware / center can be from anywhere as long as it shows proof that the hardware is under your control and is real.

[l3sny]

Will be provided no problem.

[Reclaim3r]

Will be provided no problem.

Alright, thank you. Afterwards, I would be happy to post to my blog that you are a legitimate business as well as this and other threads.

[l3sny]

Some mining hardcore porn.... 












I have more pics if you want but you see.... The whole mining operation does not look too good for someone with high estethics expectations. It is however very costs effective. Note suspended PSU's which makes better airflow. There are 2 huge fans sucking air from one end and pushing it out at the other end.  
I will post the pics from our Chinese DC shortly.

[bitgeek]

Wires everywhere

Are you planning to continue using KNC hardware? Their reputation has seen better days.

[l3sny]

No absolutely not! KnC is history.

I will be able to produce  pics from the Chinese DC where we are hosting as well.

We have however some more hardware to be sent by KnC, probably at the end of the month and it will be used for mining as well.

[Reclaim3r]

It doesn't necessarily have to be aesthetically pleasing 
As long as it has good airflow and will work efficiently suits me.

I'd like to give a message to the community saying that I have fully confirmed l3sny's identity as well as his business as legitimate.
I think I am now comfortable to invest in Kryptologika and I encourage the rest of the community to, if willing, do so.

Thank you very much for the cooperation l3sny! 

[l3sny]

Thank you. We have now to move the prices down a bit...

[Reclaim3r]

Awesome  I might as well trade a few of my BTSX for BTC 

[l3sny]

All we need now is to spread the word

I can disclose now, that we will be reducing the maintenance fees. A very little amount at this stage as we still have no decent client base however we want to offer something to our new customers.

I will let you know in 48-72 hrs what the new maintenance fee will be.

I hope that you can see that we are cheaper and better option than the well known three letter cloud hashing platform