Bitcoin Forum
August 23, 2019, 05:51:52 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 1295 1296 1297 1298 1299 1300 1301 1302 1303 1304 1305 1306 1307 1308 1309 1310 1311 1312 1313 1314 1315 1316 1317 1318 1319 1320 [1321] 1322 1323 1324 1325 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897293 times)
pedrog
Legendary
*
Offline Offline

Activity: 2254
Merit: 1005



View Profile
March 28, 2015, 10:25:47 PM
 #26401

I've sold my havelock shares and have attempted to withdraw from havelock. The withdrawal is still pending after 8 hours. I'm not sure if havelock just isn't processing now and has given up or what?

You may have to wait till Monday, I don't think they work weekends.

1566539512
Hero Member
*
Offline Offline

Posts: 1566539512

View Profile Personal Message (Offline)

Ignore
1566539512
Reply with quote  #2

1566539512
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566539512
Hero Member
*
Offline Offline

Posts: 1566539512

View Profile Personal Message (Offline)

Ignore
1566539512
Reply with quote  #2

1566539512
Report to moderator
OgNasty
Donator
Legendary
*
Offline Offline

Activity: 3010
Merit: 1705


I 💚 Bitcoin


View Profile
March 28, 2015, 10:45:34 PM
Last edit: March 29, 2015, 01:22:26 AM by OgNasty
 #26402

Cloudmining is not only easier/more profitable for the sellers, but also for the buyers.

Where are all the rich cloudmining buyers?

Cheaper hardware + cheaper electricity = more profitable.

It's really that simple.

Unfortunately, it's...

Cheaper hardware + cheaper electricity + advertising costs + insurance costs + employee costs + building costs + cooling costs + development costs + maintenance costs + needing to make a decent profit + taxes = Customers losing money + the Bitcoin network becoming centralized + Future Bitcoin miners/users being discouraged from participating + Current miners being less profitable + More BTC flooding the markets = Worse off for everyone to benefit the few at the top with the most fiat.  Sound familiar?

hdbuck
Legendary
*
Offline Offline

Activity: 1274
Merit: 1000



View Profile
March 28, 2015, 10:48:34 PM
 #26403

Cloudmining is not only easier/more profitable for the sellers, but also for the buyers.

Where are all the rich cloudmining buyers?

Cheaper hardware + cheaper electricity = more profitable.

It's really that simple.

Unfortunately, it's...

Cheaper hardware + cheaper electricity + employee costs + building costs + cooling costs + development costs + maintenance costs + needing to make a decent profit + taxes = Customers losing money + the Bitcoin network becoming centralized + Future Bitcoin miners/users being discouraged from participating + Current miners being less profitable + More BTC flooding the markets = Worse off for everyone to benefit the few at the top with the most fiat.  Sound familiar?

jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
March 28, 2015, 11:31:09 PM
 #26404

Cloudmining is not only easier/more profitable for the sellers, but also for the buyers.

Where are all the rich cloudmining buyers?

Cheaper hardware + cheaper electricity = more profitable.

It's really that simple.

Unfortunately, it's...

Cheaper hardware + cheaper electricity + employee costs + building costs + cooling costs + development costs + maintenance costs + needing to make a decent profit + taxes = Customers losing money + the Bitcoin network becoming centralized + Future Bitcoin miners/users being discouraged from participating + Current miners being less profitable + More BTC flooding the markets = Worse off for everyone to benefit the few at the top with the most fiat.  Sound familiar?

"needing to make a decent profit + taxes" applies to any sort of hardware sales business, not only cloudmining.

You make it seem like adding up all those extra costs associated with cloudmining will make it less profitable than home mining but that's just not the case. There are already several companies offering colocation at rates far below what the average home miner pays for electricity.

As for centralization, that's going to happen with or without cloudmining.
TheIZS
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
March 29, 2015, 12:56:28 AM
 #26405

Wow really Flame1012!!!!! That is so impressive, and with your massive influence over the Chinese Communist Party officials involved, you're finally going to start righting the wrongs committed against non-chinese shareholders by disreputable Chinese businesses. I mean really with the track record the Chinese government has for being sure Chinese business are on the up and up how can you not succeed. Take the offer dipshit and be glad you got anything at all back. Remember Hashie dumbass?

I like your optimism, but you clearly haven't got a clue how it works out there in the real world of Southeast Asia. I thought AMHash was a little sketchy to begin with for the simple reason, if you get ripped off they are in China and you can't do shit. I had hopes the partnerships would keep all parties at least watching each other. Now we know well SHIT, you can't even trust the manufacturer to not rip you off.

The only rules left are, get in early, get out while you still have profit.

Edit

Oh! never mind that retarded post was removed by the poster or a mod before I finished typing.

1KRuaLy9R7r328m2H67xxnJ8QeAbvCDe6C

Mr. GARBOZO you lost your bet pay up 100BTC
lucasjkr
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
March 29, 2015, 01:38:08 AM
 #26406

Cloudmining is not only easier/more profitable for the sellers, but also for the buyers.

Where are all the rich cloudmining buyers?

Cheaper hardware + cheaper electricity = more profitable.

It's really that simple.

Unfortunately, it's...

Cheaper hardware + cheaper electricity + employee costs + building costs + cooling costs + development costs + maintenance costs + needing to make a decent profit + taxes = Customers losing money + the Bitcoin network becoming centralized + Future Bitcoin miners/users being discouraged from participating + Current miners being less profitable + More BTC flooding the markets = Worse off for everyone to benefit the few at the top with the most fiat.  Sound familiar?

"needing to make a decent profit + taxes" applies to any sort of hardware sales business, not only cloudmining.

You make it seem like adding up all those extra costs associated with cloudmining will make it less profitable than home mining but that's just not the case. There are already several companies offering colocation at rates far below what the average home miner pays for electricity.

As for centralization, that's going to happen with or without cloudmining.

Unfortunately, this place seems to attract those without scruples.

Cloud mining sounds great in theory, but lots of operations have turned out to be scams. Even this one, AMHash, run by one of the "gods" of the Bitcoin universe.

Just as they say if you don't control your private key, you don't have any bitcoins, same can be said for mining hardware - if it's not under your roof, or at a cage in a data center that you have the keys to, you don't actually have any mining power, just the hope that whoever you gave your coins to will give some of them back as time goes by
Lesbian Cow
Legendary
*
Offline Offline

Activity: 1554
Merit: 1440


Z, You are missed my friend....


View Profile
March 29, 2015, 09:43:42 PM
 #26407

Hi Not Lamb Chop,

You were correct, Lesbian Cow knows when she is wrong.

Good job!

Fortunately I only risked a bit of grain, so no major worries.  My questions below still remain unanswered.

Cheers!

^One of my problems is idiots like you blaming me for their idiocy.  You don't understand what I said for the same reason you're such a failure as an investor--you're simply not bright enough.
You still haven't thanked me for warning you about Active Mining, where the fuck are your manners?


Hi Not Lamb Chop,

Are you that Marceau Popsicle guy?  The one riding a Camel in an ill fitting suit with an expression on his face like "who farted?".

Sorry to go a bit off topic, but I have been curious for a while - what happened to your alter ego MPeX-PR?  The one with the avatar of a hot looking robot like chick where I think I could see the beginnings of a nipple.  I miss you as that character.   When you posted as that character were you stroking your anus?  I always assumed you were.

Back on topic, Lesbian Cow is adding to her position in AM at these prices.  Can't see why Fried Cat would make such a public display if he was not in a position to deliver. 

To err is human, to moo is bovine...
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000

Unlimited Free Crypto


View Profile
March 30, 2015, 03:35:15 AM
 #26408

Ok I think people around this thread need some tough love.

Friedcat and the people working behind the scenes in ASICMINER are multitudes more honest than most shit big corporate companies outthere. He could have ran with his friends with many many millions that he decided to give back to the shareholders as divs a long time ago. ASICMINER is going down and we all know it but it is not fair when big companies are exposed of screwing up the investors earlier the moment they foresee their doom in the future just so they can still secure themselves with many millions, it is not fair to be this aggressive to friedcat because ASICMINER is going down. You guys though this would be a gold trip for the next century or something? Alot of people here gave many calculations in expectation to this.

Some of you, actually just a few, few few few, Could have done this better when most are likely to screw it up way earlier. If you know that within yourself that you couldn't have done it better, If you know within yourself and be honest to what you rationally believed ASICMINER could do for you. You should be one of the people who keep the silence, and plan their exit.

No hate on you guys and please don't hate on me, this is just an honest opinion.

Will take me a while to climb up again, But where is a will, there is a way...
PeterB
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile WWW
March 30, 2015, 05:42:26 AM
 #26409

So sad to see this happen to a once beloved member of the community  Cry

Mine bitcoins with you mind!  Play poker at Seals with Clubs!  Now with mixed games, stud games, and multiple variants of OFC!  These games are not offered on any other bitcoin poker site!  Sign up with me, PeterB, as your referral and I can help you with eBooks, strategy and more!  PM me for more details.
muyuu
Donator
Legendary
*
Offline Offline

Activity: 966
Merit: 1000



View Profile
March 30, 2015, 07:24:03 AM
 #26410


[...]

"needing to make a decent profit + taxes" applies to any sort of hardware sales business, not only cloudmining.

You make it seem like adding up all those extra costs associated with cloudmining will make it less profitable than home mining but that's just not the case. There are already several companies offering colocation at rates far below what the average home miner pays for electricity.

As for centralization, that's going to happen with or without cloudmining.

Unfortunately, this place seems to attract those without scruples.

Cloud mining sounds great in theory, but lots of operations have turned out to be scams. Even this one, AMHash, run by one of the "gods" of the Bitcoin universe.

Just as they say if you don't control your private key, you don't have any bitcoins, same can be said for mining hardware - if it's not under your roof, or at a cage in a data center that you have the keys to, you don't actually have any mining power, just the hope that whoever you gave your coins to will give some of them back as time goes by

The main problem with cloudmining is that it's based on the equivalent of a futures market, which simply cannot be directly run on a trust-less platform. It's just all too easy to keep the hashing, and exit scam with a bunch of coins and when enough people are involved, it seems statistically very likely that someone is going to be tempted by that scheme.

Now that's just basic cloudmining, like AMHash and others. The case for ASICMiner proper was a bit different because it made sense to ride investment for longer, as long as newer and better equipment kept coming or look like it could. Eventually, that died off and it went the route of cloudmining and exit scam (not sure who exactly was involved in that, but it most likely happened just like that).

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
EternalWingsofGod
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile
March 30, 2015, 08:53:31 AM
Last edit: March 31, 2015, 03:54:06 PM by EternalWingsofGod
 #26411

Ok I think people around this thread need some tough love.

Friedcat and the people working behind the scenes in ASICMINER are multitudes more honest than most shit big corporate companies outthere. He could have ran with his friends with many many millions that he decided to give back to the shareholders as divs a long time ago. ASICMINER is going down and we all know it but it is not fair when big companies are exposed of screwing up the investors earlier the moment they foresee their doom in the future just so they can still secure themselves with many millions, it is not fair to be this aggressive to friedcat because ASICMINER is going down. You guys though this would be a gold trip for the next century or something? Alot of people here gave many calculations in expectation to this.

Some of you, actually just a few, few few few, Could have done this better when most are likely to screw it up way earlier. If you know that within yourself that you couldn't have done it better, If you know within yourself and be honest to what you rationally believed ASICMINER could do for you. You should be one of the people who keep the silence, and plan their exit.

No hate on you guys and please don't hate on me, this is just an honest opinion.

True enough,  since you did bring it up I'm kind of happy that the trust level on FC is fairly constant to reflect that, sure the company is going belly under but he was the only party that offered to comp for AMHash, and he also distributed miners and provided refunds to users for bad units and as a measure of character it is noteable. Even returned that 50200 BTC txt fee back in the day, so while his company may be busting,  its not an untrustworthy operator fault but a failed company.

gogxmagog
Legendary
*
Offline Offline

Activity: 1218
Merit: 1004


View Profile
March 30, 2015, 10:22:47 AM
 #26412

great fukin company!!!
runam0k
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


Touchdown


View Profile
March 30, 2015, 10:26:38 AM
 #26413

Even returned that 50 BTC txt fee back in the day, so while his company may be busting,  its not an untrustworthy operator fault but a failed company.
Did I miss an important update?  Is FC back? Huh

Or is he still missing, having done a runner with company funds?

Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer.  It's just a different type of scam.  It's an exit scam.  I'm sure lots of BTC co operators had good intentions when they started out...
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000

Unlimited Free Crypto


View Profile
March 30, 2015, 11:24:28 AM
 #26414

DISCLAIMER: I have been in ASICMINER since IPO here on the forums and GLBSE and completely out since first time it hit 0.16BTC.

Will take me a while to climb up again, But where is a will, there is a way...
SebastianJu
Legendary
*
Offline Offline

Activity: 2422
Merit: 1042


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
March 30, 2015, 12:28:28 PM
 #26415

Even returned that 50 BTC txt fee back in the day, so while his company may be busting,  its not an untrustworthy operator fault but a failed company.
Did I miss an important update?  Is FC back? Huh

Or is he still missing, having done a runner with company funds?

Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer.  It's just a different type of scam.  It's an exit scam.  I'm sure lots of BTC co operators had good intentions when they started out...

He only says that its not the best decision for a scammer to wait scamming until you have way less money you can run with. You assume friedcat scammed but the possibility that he didnt vanish out of his free will is high.

Saying that... i really have no sympathy for being responsible for so many coins that arent yours and you dont even get the idea to secure them. I mean friedcat dying would have meant the same outcome i guess. Personally i would fear i set myself up to a big risk for my personal life and wellbeing and i would prevent that by making me alone unable to give out the coins.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
hdbuck
Legendary
*
Offline Offline

Activity: 1274
Merit: 1000



View Profile
March 30, 2015, 12:37:21 PM
 #26416

Even returned that 50 BTC txt fee back in the day, so while his company may be busting,  its not an untrustworthy operator fault but a failed company.
Did I miss an important update?  Is FC back? Huh

Or is he still missing, having done a runner with company funds?

Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer.  It's just a different type of scam.  It's an exit scam.  I'm sure lots of BTC co operators had good intentions when they started out...

He only says that its not the best decision for a scammer to wait scamming until you have way less money you can run with. You assume friedcat scammed but the possibility that he didnt vanish out of his free will is high.

Saying that... i really have no sympathy for being responsible for so many coins that arent yours and you dont even get the idea to secure them. I mean friedcat dying would have meant the same outcome i guess. Personally i would fear i set myself up to a big risk for my personal life and wellbeing and i would prevent that by making me alone unable to give out the coins.

too bad he did not escrwo AM funds wit you.. Wink
SebastianJu
Legendary
*
Offline Offline

Activity: 2422
Merit: 1042


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
March 30, 2015, 05:26:11 PM
 #26417

Even returned that 50 BTC txt fee back in the day, so while his company may be busting,  its not an untrustworthy operator fault but a failed company.
Did I miss an important update?  Is FC back? Huh

Or is he still missing, having done a runner with company funds?

Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer.  It's just a different type of scam.  It's an exit scam.  I'm sure lots of BTC co operators had good intentions when they started out...

He only says that its not the best decision for a scammer to wait scamming until you have way less money you can run with. You assume friedcat scammed but the possibility that he didnt vanish out of his free will is high.

Saying that... i really have no sympathy for being responsible for so many coins that arent yours and you dont even get the idea to secure them. I mean friedcat dying would have meant the same outcome i guess. Personally i would fear i set myself up to a big risk for my personal life and wellbeing and i would prevent that by making me alone unable to give out the coins.

too bad he did not escrwo AM funds wit you.. Wink

I would have denied. Or suggested me being part of a ring of many escrows who all are needed in accordance to get the funds moved. Otherwise i would have feared for my live and wellbeing. No money would be worth that. Thats why i dont understand friedcat. Either he really is a scammer and needed to hold the keys for that, which sounds unlikely to me because of his past record, he simply denied the risks or he... i dont know.

If he isnt a scammer then this problem sounds like on a level with "oops my harddisc with my wallet crashed and i dont have a backup". Not understandable for someone this experienced.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
mc_lovin
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


www.bitcointrading.com


View Profile WWW
March 31, 2015, 05:47:54 AM
 #26418







RoadStress
Legendary
*
Offline Offline

Activity: 1862
Merit: 1002


View Profile
March 31, 2015, 06:14:04 AM
 #26419

I tried to warn people early on.  This is what scares me about Spondoolies now taking the same ethical approach to their future business (i.e. selling finite cloudhashing contracts because it's easier and more profitable and passes more risk to the customer).  Once people take the path of using their reputation to screw their customers for profit, it is difficult to recover.

Don't rush with assumptions. SP-Tech has some unique plans about the cloudhashing contracts. Get digging!

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
Fabrizio89
Hero Member
*****
Offline Offline

Activity: 925
Merit: 1000


View Profile
March 31, 2015, 06:27:59 AM
 #26420

I don't even know why Havelock is still online, this was basically the only thing that brought them volume, lol.
Anyway that's why you trade bitcoins if you want to make money and not shitty semi-stocks.
Pages: « 1 ... 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 1295 1296 1297 1298 1299 1300 1301 1302 1303 1304 1305 1306 1307 1308 1309 1310 1311 1312 1313 1314 1315 1316 1317 1318 1319 1320 [1321] 1322 1323 1324 1325 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!