M8BWNNRFMNdak68c
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August 24, 2015, 09:03:53 AM |
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hashnest support is really slow.. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) here the information for the actual contract end: First " UMISOO PPS Compensate maintenance" ( >100% ) was on 2015-08-19 04:18:53 so the contracts "AntS2" and "UMISOO" will probably end on 2015-08-29 04:00:00 you then can redeem the hardware. for every 1000 ghash you own, you can send one physical miner to your home: this will cost 50 USD fee and UPS costs ( 150 USD to europe they said ) for every miner. And don't forget the fun with customs.. ( maybe they want you to pay ~20% import taxes on the initial price of an S2 ? 2000 USD? ).. so i don't think anybody outside from china will do this?? on the same date, "AntS3" will switch from PPLNS to PPS payout mode..
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ziomar
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August 24, 2015, 11:58:50 AM |
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hashnest support is really slow.. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) here the information for the actual contract end: First " UMISOO PPS Compensate maintenance" ( >100% ) was on 2015-08-19 04:18:53 so the contracts "AntS2" and "UMISOO" will probably end on 2015-08-29 04:00:00 you then can redeem the hardware. for every 1000 ghash you own, you can send one physical miner to your home: this will cost 50 USD fee and UPS costs ( 150 USD to europe they said ) for every miner. And don't forget the fun with customs.. ( maybe they want you to pay ~20% import taxes on the initial price of an S2 ? 2000 USD? ).. so i don't think anybody outside from china will do this?? on the same date, "AntS3" will switch from PPLNS to PPS payout mode.. This redeem system doesn't sound good ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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Tigggger
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August 24, 2015, 01:24:00 PM |
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This redeem system doesn't sound good ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Actually it could be a good opportunity for a few people but it will depend on a couple of factors, namely market price and your electricity rate. If the contracts are terminated the prices will probably drop very low, then it's possible you might be able to buy a machine on the market for say $10, add $50 handling & $150 shipping is $210 That is profitable to run on 7c power (but barely), many people do pay less than that (or nothing) It also may be possible that if you bought a large enough quantity bitmain might offer alternative shipping arrangements (eg pallets of them) to reduce that cost
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ziomar
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August 25, 2015, 04:39:20 AM Last edit: August 25, 2015, 08:28:07 AM by ziomar |
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This redeem system doesn't sound good ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Actually it could be a good opportunity for a few people but it will depend on a couple of factors, namely market price and your electricity rate. If the contracts are terminated the prices will probably drop very low, then it's possible you might be able to buy a machine on the market for say $10, add $50 handling & $150 shipping is $210 That is profitable to run on 7c power (but barely), many people do pay less than that (or nothing) It also may be possible that if you bought a large enough quantity bitmain might offer alternative shipping arrangements (eg pallets of them) to reduce that cost Got it!
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ziomar
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August 25, 2015, 01:06:42 PM |
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cesmak
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August 25, 2015, 01:11:46 PM |
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Bad luck... sometimes happens.....
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ziomar
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August 25, 2015, 01:13:53 PM |
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Bad luck... sometimes happens..... did it happen before already like 7 hours like today? The maintenace fee for these 7 hours must be crazy ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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kevindurant
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August 25, 2015, 03:00:17 PM |
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UMISOO contracts looks very cheap. Are they still mining positive at this rate?
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Tigggger
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August 25, 2015, 03:05:20 PM |
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UMISOO contracts looks very cheap. Are they still mining positive at this rate?
No, and in 4 more days (unless there is a sudden spike in btc price) the contracts will be terminated
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kevindurant
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August 25, 2015, 03:06:40 PM |
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UMISOO contracts looks very cheap. Are they still mining positive at this rate?
No, and in 4 more days (unless there is a sudden spike in btc price) the contracts will be terminated What happens when contracts terminated? Money back to UMISOO owners or something else?
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galdur
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August 25, 2015, 03:32:24 PM |
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No block found in over nine hours. This with like one sixth of world hashrate supposedly so probability about zero per cent.
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BitcoinNewsMagazine
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August 25, 2015, 03:37:47 PM |
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UMISOO contracts looks very cheap. Are they still mining positive at this rate?
No, and in 4 more days (unless there is a sudden spike in btc price) the contracts will be terminated What happens when contracts terminated? Money back to UMISOO owners or something else? Contracts are terminated and those who own UMISOO hash lose their investment unfortunately.
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cesmak
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August 25, 2015, 03:44:52 PM |
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Bad luck... sometimes happens..... did it happen before already like 7 hours like today? The maintenace fee for these 7 hours must be crazy ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Yes, happened, if i rembember well, in the past, one time passed half a day without a block, very rarely, but happened... Yep maintenance will be a bomb.....
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galdur
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August 25, 2015, 03:47:40 PM |
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I can already see the headline in bitcoin news magazine.
Miracle Math. One sixth of the world,s hashrate fails to find a single block in ten going on twelve hours. Thought to portend the second coming of satoshi.
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ziomar
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August 25, 2015, 03:56:51 PM |
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I can already see the headline in bitcoin news magazine.
Miracle Math. One sixth of the world,s hashrate fails to find a single block in ten going on twelve hours. Thought to portend the second coming of satoshi.
I think they simply stop mining since the price of BTC get lower than 230 USD, just to collect the maintenance fees. Of course it's just my opinion nothing more
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kevindurant
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August 25, 2015, 04:01:40 PM |
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UMISOO contracts looks very cheap. Are they still mining positive at this rate?
No, and in 4 more days (unless there is a sudden spike in btc price) the contracts will be terminated What happens when contracts terminated? Money back to UMISOO owners or something else? Contracts are terminated and those who own UMISOO hash lose their investment unfortunately. What do you mean by " lose" their investment? No money back for those terminated contracts? Anyway I think they will mine again as Bitcoin price is rising.
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Tigggger
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August 25, 2015, 04:12:42 PM |
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What do you mean by "lose" their investment? No money back for those terminated contracts? Anyway I think they will mine again as Bitcoin price is rising.
Nothing back at all, they are sold as a contract that runs until 10 days have passed where maintenance fees are higher than income. At the moment 6 days have gone by, bitcoin would need to reach ~$249 dollars in the next 4 days for them to continue, can't see that happening.
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kevindurant
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August 25, 2015, 04:26:01 PM |
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What do you mean by "lose" their investment? No money back for those terminated contracts? Anyway I think they will mine again as Bitcoin price is rising. Nothing back at all, they are sold as a contract that runs until 10 days have passed where maintenance fees are higher than income. At the moment 6 days have gone by, bitcoin would need to reach ~$249 dollars in the next 4 days for them to continue, can't see that happening. That's ridiculous man. If all UMISOO investors will lose their whole investments, that doesn't make any sense. Why don't people sell for whatever price now? It's better than lose them all.
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galdur
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August 25, 2015, 04:30:26 PM |
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I can already see the headline in bitcoin news magazine.
Miracle Math. One sixth of the world,s hashrate fails to find a single block in ten going on twelve hours. Thought to portend the second coming of satoshi.
I think they simply stop mining since the price of BTC get lower than 230 USD, just to collect the maintenance fees. Of course it's just my opinion nothing more The pool has been and is reporting about 67 ghs mining. And also reporting not finding a block since 6 am utc, likelihood zero.
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ziomar
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August 25, 2015, 04:32:57 PM |
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I can already see the headline in bitcoin news magazine.
Miracle Math. One sixth of the world,s hashrate fails to find a single block in ten going on twelve hours. Thought to portend the second coming of satoshi.
I think they simply stop mining since the price of BTC get lower than 230 USD, just to collect the maintenance fees. Of course it's just my opinion nothing more The pool has been and is reporting about 67 ghs mining. And also reporting not finding a block since 6 am utc, likelihood zero. Can you kindly share with me these info please ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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