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Author Topic: Investments, 20% bonus  (Read 2693 times)
frostyMiner
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May 24, 2011, 08:46:44 AM
 #1


Hi everyone!
New to bitcoining here.
I've been doing my research and had a brainwave.

Unfortunately, my computer hardware is lowly for mining (HD4850),
and while I would love to invest my own money in mining I am a poor student,
and simply don't have the money.

BUT! I pay a very little amount for power.
SO! If anyone wishes to donate,
I will keep a public log of donations on a website,
and as I upgrade my computer for mining I will pay back your donation + 20%.

All I'm asking for is any bitcoins you have to spare,
even 0.01 coins will help, and I'll reimburse you as soon as possible.

Thanks for taking the time to read, please consider my offer!

My bitcoin wallet is: 1EnVRDvfpkjSYzLWxpkxJBY2oxU4fbUDD1

YOU MUST PM ME ON HERE SO I KNOW YOUR WALLET AND DONATION AMOUNT TO REIMBURSE!

Thanks again!

UPDATE 2! Better targets:

Target 1:
HD5850
Coins needed: 31
Received: 1.2

Donation log:
Code:
Donation 1: 1BTC from Anonymous, yet to be claimed with official data.
Amount owed: 2BTC if they ever identify, because they were the first.
Thanks stranger!
Donation 2: 0.2BTC from Nilarium
Amount owed: 0.5 BTC because he was second to donate!
Thanks heaps buddy!
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Bitsinmyhead
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May 24, 2011, 08:53:49 AM
 #2

Everyone who can't afford...
A mining rig today...
Should not try to get a rig...
You are blinded by the idea...

Your rig won't even make you 20%...
In a year...
So everyone who invest in this...
Is just as blinded...

Trade Bitcoin using credit card and with 4:1 leverage at plus500.
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frostyMiner
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May 24, 2011, 09:00:48 AM
 #3

Everyone who can't afford...
A mining rig today...
Should not try to get a rig...
You are blinded by the idea...

Your rig won't even make you 20%...
In a year...
So everyone who invest in this...
Is just as blinded...
I don't think I agree, I pay very little for power and will run my computer 24/7 in order to refund these donations.
I suppose I can't guarantee that I will pay these back, but I will do my very best.
I am under the impression that many people here consider single bitcoins as nothing.

Unrelated question folks,
I just received my first donation of 1BTC (THANK YOU SO MUCH!)
But when I click the transaction in my wallet program,
it says "From: Unknown."

Uhh... is this on purpose by the sender, wishing to be noble?
Is there something I need to do to see sending addresses?
Thanks!
Bitsinmyhead
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May 24, 2011, 09:30:07 AM
 #4

If you going to beg for donations...
The minimum you could do...
Is putting up some numbers...
Show me your calculations...

Price of rig...
Expected Mhashes...
Future bitcoin value...
Future difficulty level...

Or do you just want free money...
Not even willing to spend an hour...
Putting up some estimates...
To back your lofty dreams....

Trade Bitcoin using credit card and with 4:1 leverage at plus500.
Sign up through: http://www.plus500.com/?id=67176&pl=2 for €25 free, or become an affiliate here: http://www.500affiliates.com/?id=67176
frostyMiner
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May 24, 2011, 09:37:56 AM
 #5

If you going to beg for donations...
The minimum you could do...
Is putting up some numbers...
Show me your calculations...

Price of rig...
Expected Mhashes...
Future bitcoin value...
Future difficulty level...

Or do you just want free money...
Not even willing to spend an hour...
Putting up some estimates...
To back your lofty dreams....
What's with all the ...s?
As per request I will update my first post with some targets.

I plan to upgrade completely depending on the volume of donations received.
This could mean a 6970 to replace my 4850,
then if things keep going well I'll buy some other mining card,
put it in my old desktop and run that 24/7 too.
(My 4850 would sit in that after my first upgrade.)

Or maybe I'll crossfire, who knows.
Point is, all donations will go ONLY towards my mining capabilities.
All will be refunded +20% chronologically.
alexdrans
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May 24, 2011, 09:59:05 AM
 #6

If you going to beg for donations...
The minimum you could do...
Is putting up some numbers...
Show me your calculations...

Price of rig...
Expected Mhashes...
Future bitcoin value...
Future difficulty level...

Or do you just want free money...
Not even willing to spend an hour...
Putting up some estimates...
To back your lofty dreams....

Your replies look like poems. Stop typing like an idiot. If you don't like what this guy's doing then just don't reply to his thread.
alexdrans
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May 24, 2011, 10:01:20 AM
 #7

If you going to beg for donations...
The minimum you could do...
Is putting up some numbers...
Show me your calculations...

Price of rig...
Expected Mhashes...
Future bitcoin value...
Future difficulty level...

Or do you just want free money...
Not even willing to spend an hour...
Putting up some estimates...
To back your lofty dreams....
What's with all the ...s?
As per request I will update my first post with some targets.

I plan to upgrade completely depending on the volume of donations received.
This could mean a 6970 to replace my 4850,
then if things keep going well I'll buy some other mining card,
put it in my old desktop and run that 24/7 too.
(My 4850 would sit in that after my first upgrade.)

Or maybe I'll crossfire, who knows.
Point is, all donations will go ONLY towards my mining capabilities.
All will be refunded +20% chronologically.

I think you would be better off finding friends to donate to you OP. The chances of you getting enough backing from here as an anonymous person with no reputation on the forum are slim. Maybe you can convince your parents, people at your university etc. to invest in you. They might not fully understand the cause as much as people on here do, but you'll get more money out of them.

Just make sure that you've worked it out properly and you can indeed pay these people back, because if you can't afford to do it on your own at the moment then I'm sure that you won't able to afford to pay them back if things go wrong.
frostyMiner
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May 24, 2011, 10:10:40 AM
 #8


I think you would be better off finding friends to donate to you OP. The chances of you getting enough backing from here as an anonymous person with no reputation on the forum are slim. Maybe you can convince your parents, people at your university etc. to invest in you. They might not fully understand the cause as much as people on here do, but you'll get more money out of them.

Just make sure that you've worked it out properly and you can indeed pay these people back, because if you can't afford to do it on your own at the moment then I'm sure that you won't able to afford to pay them back if things go wrong.

Thanks for advice.
Well I guess it's kind of a good faith thing;
I am under the impression that many people here could spare a few BTC without noticing,
or at least a few decimal places of coins without affecting their overall earnings.

Sure, I have just signed up for this place and have no reputation,
but hey, I'll stick around and try and be friendly.
I'm interested in joining this community but I feel like this is the only way I can earn my place,
and of course making a few $ after these are paid off would be nice too.

Most people won't trust me, I'm sure, but I'll do everything I can to repay those that do,
and it's worth taking a leap of faith every once in a while.

If the community all gives a tiny bit toward getting another heavy miner up and running,
and is repaid for their generosity, it benefits the entire community,
and helps some poor bum like me through life.

Well I've said my 2c.
Bitsinmyhead
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May 24, 2011, 10:26:49 AM
 #9

I really think stuff like this...
Should be banned from this forum...
Or set up seperate room for begging...
This is doing nothing good for anyone...

At least spend some time...
Putting up a real prospect...
With some real estimates...
In fact it could work in dedicated room...

If you want to trust this guy to pay you back...
Go ahead...

Trade Bitcoin using credit card and with 4:1 leverage at plus500.
Sign up through: http://www.plus500.com/?id=67176&pl=2 for €25 free, or become an affiliate here: http://www.500affiliates.com/?id=67176
Meni Rosenfeld
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May 24, 2011, 11:14:51 AM
 #10

I am under the impression that many people here consider single bitcoins as nothing.
A single bitcoin goes for about $7, how is that nothing?
Nothing wrong with donating, but TBH I can think of some worthier causes than you.

Unrelated question folks,
I just received my first donation of 1BTC (THANK YOU SO MUCH!)
But when I click the transaction in my wallet program,
it says "From: Unknown."

Uhh... is this on purpose by the sender, wishing to be noble?
Is there something I need to do to see sending addresses?
You're not supposed to know who sent bitcoins. You can find out which address(es) it came from in block explorer, but there's no guarantee the sender even controls that address. You can make it work if you warn people to make sure they indeed control the sending address.
Usually, Distinguishing senders is achieved by giving a different receiving address to each.

If the community all gives a tiny bit toward getting another heavy miner up and running,
and is repaid for their generosity, it benefits the entire community,
Mining is a very small positive externality, partly because the increase in the difficulty will discourage other people from mining. It's not really a very worthy cause for soliciting donations.
If you were under the impression that getting more people to mine is currently an important goal for Bitcoin development, you got it wrong.
A 20% return can be attractive, if you can convince that you are actually willing and able to make good on the promise.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
frostyMiner
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May 24, 2011, 12:00:45 PM
 #11

I am under the impression that many people here consider single bitcoins as nothing.
A single bitcoin goes for about $7, how is that nothing?
Nothing wrong with donating, but TBH I can think of some worthier causes than you.

Unrelated question folks,
I just received my first donation of 1BTC (THANK YOU SO MUCH!)
But when I click the transaction in my wallet program,
it says "From: Unknown."

Uhh... is this on purpose by the sender, wishing to be noble?
Is there something I need to do to see sending addresses?
You're not supposed to know who sent bitcoins. You can find out which address(es) it came from in block explorer, but there's no guarantee the sender even controls that address. You can make it work if you warn people to make sure they indeed control the sending address.
Usually, Distinguishing senders is achieved by giving a different receiving address to each.

If the community all gives a tiny bit toward getting another heavy miner up and running,
and is repaid for their generosity, it benefits the entire community,
Mining is a very small positive externality, partly because the increase in the difficulty will discourage other people from mining. It's not really a very worthy cause for soliciting donations.
If you were under the impression that getting more people to mine is currently an important goal for Bitcoin development, you got it wrong.
A 20% return can be attractive, if you can convince that you are actually willing and able to make good on the promise.

First: Some people mine hundreds per day, was thinking of them I suppose.
Second: That is a problem, I will need to setup some kind of system. For now people can PM me with their amount and wallet.
Third: Got me there, except I'm pretty sure the founder of bitcoins would want more and more miners.
Fourth: ...I promise?
Meni Rosenfeld
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May 24, 2011, 01:02:01 PM
 #12

First: Some people mine hundreds per day, was thinking of them I suppose.
That logic works if you consider bitcoins as play money people got for free and are looking to unload. But it's a serious commodity that people spent resources to obtain and can sell for other currencies, pay with for goods and services, or hoard.
I get hundreds of ILS for my day job every day, that doesn't mean I'm easy on spending them.

Second: That is a problem, I will need to setup some kind of system. For now people can PM me with their amount and wallet.
You can still do what you intended, you just need to know what you're doing and familiarize yourself with http://blockexplorer.com/.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
bulanula
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May 24, 2011, 03:35:37 PM
 #13

I really think stuff like this...
Should be banned from this forum...
Or set up seperate room for begging...
This is doing nothing good for anyone...

At least spend some time...
Putting up a real prospect...
With some real estimates...
In fact it could work in dedicated room...

If you want to trust this guy to pay you back...
Go ahead...

MAN you are my absolute hero !!! This ... thing is so damn funny thank you very much man ! I have had a good laugh from your postings.

And the thing is : they all make 100% sense !

Clipse
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May 24, 2011, 03:44:20 PM
 #14

Those estimates on mining days to replay the card is absurd, unless you meant something else.

...In the land of the stale, the man with one share is king... >> Clipse

We pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
frostyMiner
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May 25, 2011, 07:25:26 AM
 #15

Those estimates on mining days to replay the card is absurd, unless you meant something else.
That was supposed to indicate the amount of time it would take with no help.
i.e. with only my 4850.
Sukrim
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May 25, 2011, 07:39:28 AM
 #16

Those estimates on mining days to replay the card is absurd, unless you meant something else.
That was supposed to indicate the amount of time it would take with no help.
i.e. with only my 4850.
As difficulty increases, you're not very likely (if it continues like this) to mine even 10 BTC within the next 5 years with this card!

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fasti
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May 25, 2011, 07:51:17 AM
 #17

If you are near your computer while mining with 2 cards, you want to make sure there is atleast 2 spaces between cards for air.

1QCcAR3e3wdxr7CcJ8ND1NmWuvLttCJScH
frostyMiner
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May 25, 2011, 08:18:32 AM
 #18

Those estimates on mining days to replay the card is absurd, unless you meant something else.
That was supposed to indicate the amount of time it would take with no help.
i.e. with only my 4850.
As difficulty increases, you're not very likely (if it continues like this) to mine even 10 BTC within the next 5 years with this card!
Exactly why I am offering a 20% return on any investments.
My hardware is abysmal.

If you are near your computer while mining with 2 cards, you want to make sure there is atleast 2 spaces between cards for air.
Luckily I live somewhere very cold,
and my case has quite nice airflow (Antec 300).
Nilarium
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May 25, 2011, 08:57:44 AM
 #19

ur case cant help cards if they are close,w/o atleast 1 slot between them

PS btw i send u that 0.2 btc,wanted to send 0.02,but made mistake 24.05.2011 15:56

Tukotih
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May 25, 2011, 09:06:07 AM
 #20

I really think stuff like this...
Should be banned from this forum...
Or set up seperate room for begging...
This is doing nothing good for anyone...

At least spend some time...
Putting up a real prospect...
With some real estimates...
In fact it could work in dedicated room...

If you want to trust this guy to pay you back...
Go ahead...
Writing like you should be banned from this forum.
Stop doing "..." it looks stupid and honestly, you are the biggest douche I've seen across these threads.

On Topic:
If you have enough PCI-Express slots in your computer you should think of investing in 5850's instead since they are far more efficent per dollar.
They cost about $150 I believe and at standard clock they do 250Mh/s. I have clocked mine to 875/300 without voltage increase and it runs at 345Mh/s.

Donations always appreciated: 1GkRu9rZxk5iMRzsrcZxZ3BUHV1SWNZ9RB
IMPORTANT! Switch from deepbit: http://forum.bitcoin.org/index.php?topic=8653.0
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