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

[l3sny]

2014-08-22
Price min/max, open/close:
0.002343 - 0.002988, 0.002343 - 0.002988

We see now a bit higher prices.

[1715194077]

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[l3sny]

Please keep supporting kryptologika on http://cryptoverse.org/cloud-mining/

[l3sny]

2014-08-25
Price min/max, open/close:
0.0024876 - 0.002499, 0.0024876 - 0.002499

[l3sny]

We are discussing currently options for sig campaign in exchange for shares in kryptologika for those who are interested.
We will be starting a new thread in respect of this in a day or two. Should you be interested please share your opinions and suggestions.

[l3sny]

2014-08-27
Price min/max, open/close:
0.00210976 - 0.0022987, 0.00210976 - 0.0022987

The website was off-line for a couple of hours. Now all is up and running. This would not affect the mining of course.

GH/s prices on the platform are still the lowest on the market! At the moment we have only two digit number of users.

We are working slowly but surely towards implementation of fiat however at this stage we cannot confirm the date yet.

We remind you of the small reduction in our maintenance fees by 2% starting from 01 Sept.

Happy trading!

[Patek]

Just bought small amount of ghs to check it out. Here are some thoughts about the whole thing - as its surely a nice alternative to cex, for now because of almost no liquidity it just cant compete. At least not in model in which you reinvest your profit on daily basis. How about you, as owner/operator act as market maker at this early stage of the project? When I first saw the site and take a look at order book my impression was like "hell, this place is dead."

What IMO site lacks is:

• No TAS, cant really say when the last trade occured.
• Althought I have bought some ghs I cant really see if they are workin at all. Only thing I have found is a mining history tab uner "Your wallet" which is sadly empty for now. This is a cex feature that I value a lot - ability to actually see your investment working.

 
So these are things that struck me the most. I hope the project will grow and we will see improvements. Keep it up!

.//edit// Oh, I forgot... Sites is logging me out like evry 5 minutes... Thats annoying

[l3sny]

You can see your GH/s working under mining history tab. Perhaps it will take 2-3 hrs but not more.

No TAS indeed, we will be improving this gradually. It is really important feature I absolutely agree.

The place is not dead, it is growing slowly but surely. The project has its advantages we do not charge trading fees (and never will) and our maintenance fees are as low as possible (same will never be increased only reduced in the future). In return you are getting tradeable shares in GH/s which actually do work! And they are backed with physical silver!! Probably all those early buyers have more luck than the others who will come in a week or two. So far we have been mor focused on functionality and safety of the platform rather than anything else planning to develop it gradually as we get more attention and credibility. We are working on improvements and we take into account every remark from our customers.

Liquidity wise... we are currently focused on marketing campaign and kryptologika will be much more visible next week. Secondly there is API coming to implement purchasing shares with fiat outside of the platform. This should bring a bit more users in satisfactory numbers. THe system will be tested late September and fully operational October the latest.

A bit improved version of the platform will be launched coming Monday, we will extend the log out time of the session.

At this stage just spread the word about our platform. Bringing new customers at this low number of users (below 100, yes!) may have a positive impact on liquidity and trading for the benefit of the users.

We also encourage our users to get involved actively in promoting kryptologika by voluntarily adding our signature:

[color=#00cccc]▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ [/color]
   [url=http://kryptologika.com][b][color=#0000cc]K[/color][color=#0000cc]R[/color][color=#0000cc]Y[/color][color=#0000cc]P[/color][color=#0000cc]T[/color][color=#0000cc]O[/color][color=#0000cc]L[/color][color=#0000cc]O[/color][color=#0000cc]G[/color][color=#0000cc]I[/color][color=#0000cc]K[/color][color=#0000cc]A[/color][/b][/url] [color=#000]   [b]Trade  Silver-Backed  GH/s  For  The  Best  Prices![/b][/color]                   [color=#0000cc][/color][url=https://www.facebook.com/kryptologika][b][color=#3b5998][size=11pt]f[/size][/color][/b][/url]    [url=https://twitter.com/kryptologika_pl][b][color=#99CCFF][color=#4396E8][size=11pt]t[/size][/color][/b][/url]   [url=https://plus.google.com/u/0/communities/110447920403429245417?cfem=1][size=11pt][b][color=#d34836]g[/color][/b][/size][color=#d34836][size=8pt]+[/size][/color]
[color=#00cccc] ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄[/color]

Do not worry. We will get there!

[l3sny]

 edit: deleted

[Patek]

You can see your GH/s working under mining history tab. Perhaps it will take 2-3 hrs but not more.

Does it take 2 or 3 hours to "turn on" GHS or is it just the time for hashing power to come up on the site?

Another thing I dont quite understand is the payouts from block. WIth cex the payout from block was +/- constant but with kryptologika it varies from block to block even for as much as 200%. Could you please explain the mechanic behind this?

[l3sny]

The delay is 15 block as they need confirmation by the network. We cannot pay the award immediately as a block can be rejected. This is giving us some 99.9999% chances

The award is proportional to the lenght of a block that is related to time spent on solving it. I am not sure what is not clear here?

BTW we may have some technical problems later today as bitcurex.com has just changed their API today without a notice. It should not affect the mining however same may affect the maintenance fees for a short period of time that is about 2 to 4 hours. As per our T&C a 24hrs maintenance breake in mining is permitted for every 30 days of mining rollong without any compensation to the users. We do not think it will take that long of course if at all.

[l3sny]

Our press note from New Money Feed

Low Cost Bitcoin Hashing Power Trading Platform Kryptologika Offers GH/s Backed With Physical Silver
 Submitted by rss parser on Mon, 09/01/2014 - 17:15

“Increased competition in cloud mining should be welcomed by bitcoin enthusiasts, silver bugs and miners,” according to the creators of kryptologika.com—a Polish-Irish-Swedish Bitcoin trading platform that was launched early August 2014.

Differentiating from competitors Kryptologika offers a unique system of backing shares against the gradual drop in profitability of mining, utilizing physical silver. It is a well-known fact that during Bitcoin price stagnation, rising difficulty makes mining less and less productive over time and eventually, the costs of electricity can make the entire process unprofitable. The benefit of silver is ability to ensure that the price of GH/s offered by the platform would never fall to zero, as it is backed by the price of an equivalent amount of physical silver per share. Thus, buying shares is not only an investment in hashing power, but also in silver. This solution, combined with much lower maintenance costs for hosting in China, would result in a very competitive offer. Moreover, the shares can be traded among the users on the platform and in the near future, they will be available not only for Bitcoin, but also in fixed prices for fiat currencies.

“We want to optimize the mining process to make it as cost-effective as possible for the benefit of our customers. At the same time, since we are devoted miners and silver bugs, we created a product that combines the two: low-cost hashing power and an investment in physical silver.” said Project Manager of kryptologika Antoni Lesinski. “At this stage we are still in the beta phase but we will be offering cheap hashing power for Dollars, Euros, British pounds and Polish zloty in a few weeks, bringing the whole undertaking to new levels.”
At the start, the maintenance fees have been as low at $0.11 per GH/s (denominated in Polish zloty) per month. The good news is that this is also changing for the benefit of the users, starting in September. A 2% reduction of fees was offered to Kryptologika users due to an increasing client base and availability of better pricing in China.

“We will be reviewing our maintenance fees at least every quarter. This small reduction in fees demonstrates our commitment to deliver to our customers the best solutions possible, and build long term relationships, which are both very challenging, especially when Bitcoin prices are at lower levels.”
Trading shares on the platform is free of charge and hashing power goes live almost immediately after the purchase making it even more attractive for traders. Kryptologika recently teamed up with UK based onestopminingshop.com— a mining hardware retailer with a view to build a system of distribution of hashing power, for fiat currencies.

To learn more please go to: https://kryptologika.com/

Media Contact: press@kryptologika.pl

[Patek]

Okay, understood.

Anyway, here is another thing - I have buy order at 21 and a new one appeared at the same price. First thing - I guess they should be merged into one since that would make hell of a mess with more liquidity. The other thing is that it looks that the new order would be fulfilled first and it definitely should be FIFO.

[l3sny]

Well, I disagree. Technically they should be merged indeed but on the other hand it creates a bit more buying/selling pressure given that there are no trading fees. If you want to buy/sell make a better offer. So it is neutral from our perspective then. The graph will show them as walls anyway.

We may change it later however should there be people asking for it.

2014-09-02
Price min/max, open/close:
0.0021 - 0.00242826, 0.00242826 - 0.00211

[l3sny]

We are pleased to announce we will be making purchases for fiat possible within two to three weeks. The sale of the shares will go  thorough our business parters.

We are also considering API for trading.

Prices on the market are still relatively low same as our maintenance costs. We have reduced them by 2% starting from September. We will be reviewing the maintenance costs on monthly basis and we expect further reductions depending on the volume.

2014-09-05
Price min/max, open/close:
0.00215001 - 0.00220012, 0.00215001 - 0.00220012


Happy trading!

[l3sny]

A short 1 hr maintenance break on kryptologika.
No impact on the mining process whatsoever

[kingscrown]

just so u guys know l3sny is a mod of official polish bitcoin forum and hes known and respected in the local community

[l3sny]

Fiat paymets will be available later this month!

BTC going down? Our maintenance fees are competitive with the leading hashing power offers!

2014-09-19
Price min/max, open/close:
0.002 - 0.0020009, 0.0020009 - 0.002

[kingscrown]

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.

hey post this to twitter/instagram with #miningporn tag - which ive created 

[l3sny]

I have concerns over children protection

[l3sny]

Recent information on the censorship of bitcointalk in China have no impact on our mining operations hosted there.
We are currently working on the implementation of fiat payments with our new business parter. Initially the services will be available for PLN market only. We will be able to provide more details shortly. Unfortunately this is more complicated than we had thought so we may expect service to be online in October.

2014-09-24
Price min/max, open/close:
0.0019792 - 0.0019792, 0.0019792 - 0.0019792