Clearly this is having effect on DMD market, I see a 1000 DMD dump and another 1200 DMD dump, not good for me but the "words of one person" have a positive/negative impact LOL.
I'm a DMD cloud share holder (not much, around 1 BTC from dated mining equipment run occasionally) but I began to dump my thousands of DMD earlier this month when they decided to "need more BTC for a press release." That was the final nail in the coffin.
I had been following your posts utahjohn and now talking to a few others out there in PM's. The foundation makes so much DMD (which they then sell for BTC) per day simply by existing, let alone the reactor, then why in the world wouldn't they simply "reinvest" part of their DMD into a press release like a normal dev team.
Oh, and surprise! No reinvestment shares for February! Here is the lovely DMD cloud mining email:
DMD Cloudmining Report February 2015:
3098 new investment
- reinvest
10333 earned DMD
------------------------------
all time stats:
29869 total invested
6647 total reinvested
64593 total earned DMD
-----------------------------
there no reinvest shares for February distributed because the payment didnt arrive from AMHASH1
over 20 thash we run at
there is nothing we can do beside waiting
amhash was considered in industry as one of most secure cloud mining companies
because it was a join venture of two companies which build and sell mininghardware (asicminer and rockminer)
as long as amhash dont pay we can stop reinvesting and keep payouts as we have now
but with the risc that they maybe never pay and we have constant loss of earning power because no reinvest resulting in a end of payout generation not far away
other path could be consider amhash as not existing until it come back (if it come back) and use from the leftover income sources bitcoins for reinvest
this way we can maybe save longterm earning power but reduce payouts significant
after this 6 months we had to analyze cloud setup i would like to change setting towards 50% reinvest from original 30%
to keep at least the long term earning power alive even if weaker
and to be able compensate such little catastrophes better
also i would stop creating free invest shares to keep investing for new people possible
what cloud investors think about this?
please shareholders post ur opinion at
basical we have only two ways
1.) people say we cant change rules because there is a contract
and cloud will run as it does now weaker and weaker in payout until the end of operation
or
2.) we adapt rules as suggested (50% reinvest no creation of reinvest shares) have instant reduced payouts but a realistic chance to get this into a long term income source for investors
if u ask for my opinion i prefer lower payouts but a realistic chance to recover and have real long term payouts because of reinvest cycle runs better with 50%
if u own no shares at cloud please let shareholder express their opinion first
i want to read from the people which are affected primary please
thx for ur understanding
==============================================
Your are receiving this mail because u are registered at DMD Cloudmining/DMD Multipool.
I bet I'll stop earning DMD cloudshares by posting this... oh wait everyone already has.
Could never tell for sure if Cryptonit was just wrong in his thinking or if he was running a con, due to his bad english, but after the latest change to the cloud shares contracts.
It is no doubt now, diamond is a massive con, and the worst part, it becomes oblivious , due to these simple things.
1. You should never ever sell your diamonds
problem: (how are you ever going to profit if you can't sell any)
2. Cloud mining will always increase the value of diamonds
problem: (Ponzi scheme, if cloud mining can provide limitless income, why even mess with diamondcoin)
Also if Cloud Mining is so profitable why do the companies need you to purchase shares.
If it was as profitable as they say, they would just mine themselves and not sell to the public.
(Cloud Mining = Scam)
3. Worst part, followers that believe every word that comes out of cryptonit.
You can't help people that are so desparate to believe that they cast aside all logic.
Sad to be an eloi.
4. The cloudshares , the reactor scam , the cloud mining that was supposed to work forever,
All lies, the cloud mining & cloud shares scam is being revealed , they said it would always work.
Shows they were Wrong and they will change a contract midstream.
How can anyone even pretend to trust someone that changes a deal not even a year old.
Answer : You Can't!!!
