Welcome Guest ( Log In | Register )

2172 Pages « < 6 7 8 9 10 > » Bottom

Outline · [ Standard ] · Linear+

 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

views
     
SUSraynman
post Jun 12 2017, 06:30 PM

Look at all my stars!!
*******
Senior Member
4,333 posts

Joined: Jan 2003


At the price of $411, my Genesis ETH mining contract will net $10K per year.

If it keep rising in the coming months..... biggrin.gif

user posted image
shikimori
post Jun 12 2017, 06:36 PM

Getting Started
**
Junior Member
236 posts

Joined: Jul 2007
From: Penang


sigh why everytime there is a bull run I'm stuck at work ...
zamans98
post Jun 12 2017, 06:36 PM

oquıɐɹ ǝɥ ɹǝo 'ǝɹǝɥǝɯos
*******
Senior Member
8,510 posts

Joined: Dec 2004
From: KayEL


cloud mining is not profitable, there is element u call scam/fraud. they can walk away.

u pay your own hardware, trust nobody.

Not 1st time cloud mining is doing such.

kmarc
post Jun 12 2017, 06:38 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(mois @ Jun 12 2017, 02:52 PM)
Araid and PC image dont have?
*
Nope but they can order if I wanted it

QUOTE(PrincZe @ Jun 12 2017, 03:18 PM)
does lending really make money? i dont know how much profit will rake in.

i get it earn the interest, but at what scale. my own thoughts
*
Some but not much. It depends on the lending rate and how much you lend out. A lot of coins are stuck at 0.0001% because some whale got nothing to do and put thousands to millions of coins at that rate.

I just checked my BTS lending history. Made 380 coins so far. Most of the time very few coins but past 2 days already 200+ coins. Depends on rate and demand. smile.gif

QUOTE(goldfries @ Jun 12 2017, 04:26 PM)
What makes you think ROI is 4.5 months when hashrate is fixed and difficulty rises?

I just made a video on this last night.

Projection looking great? Think again.


*
Nice video and informative! thumbup.gif That's what I need.

Goldfries, you should open a mining thread in hardware section!!!

If your purpose was to reduce the euphoria or discourage mining, you were successful! I think I will hold on my plans for mining and become loan-shark first. biggrin.gif

This post has been edited by kmarc: Jun 12 2017, 06:41 PM
kmarc
post Jun 12 2017, 06:41 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



Damn, this is the second time ETH made a run and causes altcoins to drop. Even BTC dropped. I'm not used to this new scenario and there goes my strategy of deep sea fishing when BTC makes a run. rclxub.gif
SUSdenimblue
post Jun 12 2017, 06:46 PM

Regular
******
Senior Member
1,217 posts

Joined: Mar 2016
QUOTE(raynman @ Jun 12 2017, 06:30 PM)
At the price of $411, my Genesis ETH mining contract will net $10K per year.

If it keep rising in the coming months..... biggrin.gif

user posted image
*
Damn, I can only afford a one-year 10MH/s ETH mining contract with HashFlare at $198 (after 10% discount with your link). sad.gif

kmarc
post Jun 12 2017, 06:53 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



Hmmmm... another correction in progress? hmm.gif

Really missed trollbox..... bangwall.gif
VoxPopuli
post Jun 12 2017, 06:57 PM

Getting Started
**
Junior Member
83 posts

Joined: Jun 2012
Anyone thinking into going into cloud mining should really google and go through the reviews, most of em are scams and many people have fallen into it and didnt breakthrough.
TheReaderReads
post Jun 12 2017, 07:01 PM

Enthusiast
*****
Senior Member
701 posts

Joined: Jan 2011


QUOTE(WooTz @ Jun 12 2017, 06:15 PM)
One condo today or 3 condos next year.

Hmmm
*
time to aim for landed yo


QUOTE(shikimori @ Jun 12 2017, 06:36 PM)
sigh why everytime there is a bull run I'm stuck at work ...
*
plz continue to get stuck at work. I want the bull to continue...
SUSraynman
post Jun 12 2017, 07:03 PM

Look at all my stars!!
*******
Senior Member
4,333 posts

Joined: Jan 2003


QUOTE(denimblue @ Jun 12 2017, 06:46 PM)
Damn, I can only afford a one-year 10MH/s ETH mining contract with HashFlare at $198 (after 10% discount with your link).  sad.gif
*
First of all, thanks for using my link to subscribe to HashFlare.

You are wise to limit yourself to only investing with what you can afford to lose.

Not everybody is like Jack2, who can make sizeable investment decisions on the spot.

Again, my thanks to Jack2 for using my Genesis link. rclxms.gif

blueblueoutofblue
post Jun 12 2017, 07:12 PM

Regular
******
Senior Member
1,683 posts

Joined: Dec 2011
QUOTE(WooTz @ Jun 12 2017, 05:12 PM)
Story time folks.

Last year January in 2016, a few things happened.

We had a contentious scaling event with Bitcoin, Bitcoin Classic was among one of the solution to address it.

I poured money setting up Classic full nodes, and looked at genesis mining, they mentioned they'll support Bitcoin classic!

I was like great! Let me buy some hashpower to help!

Deposited 0.8 BTC with full intention of not seeing anything back. Then at feb 2016 they 180 degrees on Classic and that was that.

The daily payout only lasted 4 months, and no, forget about getting half of my coins back.

It was like 0.001......0.00001.......0.00000001......then nothing

Poof, bye bye 0.8 BTC

Then I diversified some money, like US$4000 into bnktothefuture, their plan very straightforward.

1/3 goes to cloud mining (haha reality haven't hit back then)

1/3 goes to hodling Bitcoin

1/3 goes to buying up a bunch of Bitcoin related companies

Same story, 0.0001.....0.00001......0.000001 and poof

Only Bitcoin core holding and some shares went up big time, barely covering that $390,000 fcuk up
Any more questions?
*
QUOTE(wengherng @ Jun 12 2017, 05:24 PM)
So...you were already a whale even back in the days.
Damn.
*
ok big whale brother.. we will follow you~~ ETHER~


QUOTE(WooTz @ Jun 12 2017, 05:57 PM)
Settle down Ether, you're scaring even myself.

I was expecting my next condo purchase by June next year, not next month
*
no need condo, just purchase a villa by next year

QUOTE(WooTz @ Jun 12 2017, 06:15 PM)
One condo today or 3 condos next year.

Hmmm
*
villa~~~
wiisg
post Jun 12 2017, 07:13 PM

Getting Started
**
Junior Member
288 posts

Joined: Dec 2008
Crazy volatile BTC. I can't imagine some merchant accepting BTC throughout the day to find that they have been losing money because the price decided to dip at the end of the day.

This post has been edited by wiisg: Jun 12 2017, 07:14 PM
mois
post Jun 12 2017, 07:18 PM

Enemy Territory
*******
Senior Member
3,625 posts

Joined: Nov 2007
From: Hornbill land



QUOTE(wiisg @ Jun 12 2017, 07:13 PM)
Crazy volatile BTC. I can't imagine some merchant accepting BTC throughout the day to find that they have been losing money because the price decided to dip at the end of the day.
*
Dont be surprised later still back to 2800-2900
shankar_dass93
post Jun 12 2017, 07:53 PM

Look at all my stars!!
*******
Senior Member
2,955 posts

Joined: Sep 2009


QUOTE(jack2 @ Jun 12 2017, 04:17 PM)
Just signed up genesis-ming ETH 100MH/hash power... LOL

Sign up under me la.. haha
1uIYaZ
*
QUOTE(raynman @ Jun 12 2017, 04:47 PM)
You can even withdraw it on a daily basis if you so wish.

I plan to withdraw on a weekly basis to save some transaction fees.

If you purchase the contract with credit card, they will hold your withdrawal for the first 30 days for security reasons.
*
I know this might sound silly but could i please ask u guys a few questions ?

Was checking out Genesis-mining and realised that they did not disclose how many ETH would one get on average per day for each package. Anyway that i could get this info ?

Presuming that i sign up for the medium package 30/MHs, how many ETC do i expect to get ?
max_cavalera
post Jun 12 2017, 07:55 PM

rebirth
*******
Senior Member
5,613 posts

Joined: Jun 2006
From: Cyberjaya, Shah Alam, Ipoh



Lol bitcoin getting hanmered badly in poloniex
SUSraynman
post Jun 12 2017, 08:00 PM

Look at all my stars!!
*******
Senior Member
4,333 posts

Joined: Jan 2003


QUOTE(shankar_dass93 @ Jun 12 2017, 07:53 PM)
I know this might sound silly but could i please ask u guys a few questions ?

Was checking out Genesis-mining and realised that they did not disclose how many ETH would one get on average per day for each package. Anyway that i could get this info ?

Presuming that i sign up for the medium package 30/MHs, how many ETC do i expect to get ?
*
Let me try to answer your question.

The number of ETH tokens mined per 1MH/s hashpower is dependent on the prevailing difficulty factor and the size of the mining pools used.

That's why they cannot give you a fixed figure of the number of ETH tokens mined per unit hashpower.

If the price of ETH goes up faster than the mining difficulty factor, you don't have to worry too much. smile.gif

rickyro
post Jun 12 2017, 08:10 PM

Enthusiast
*****
Junior Member
914 posts

Joined: Mar 2011
Just bought some ETH... Hopefully it can go up in these couple of days

This post has been edited by rickyro: Jun 13 2017, 04:28 PM
Flaxnot
post Jun 12 2017, 08:11 PM

Getting Started
**
Junior Member
280 posts

Joined: Jun 2012
Guys, in ultra volatile times like this, would it be smart for me to keep my ETH on an exchange rather than MEW to allow for a faster cashout in the event I believe the ETH will crash?
Exploring all the options. I see myself as a long term holder.. but as I said, exploring all options.

Thanks
shankar_dass93
post Jun 12 2017, 08:12 PM

Look at all my stars!!
*******
Senior Member
2,955 posts

Joined: Sep 2009


QUOTE(raynman @ Jun 12 2017, 08:00 PM)
Let me try to answer your question.

The number of ETH tokens mined per 1MH/s hashpower is dependent on the prevailing difficulty factor and the size of the mining pools used.

That's why they cannot give you a fixed figure of the number of ETH tokens mined per unit hashpower.

If the price of ETH goes up faster than the mining difficulty factor, you don't have to worry too much. smile.gif
*
Nice, I've just started watching a few videos on Youtube about genesis mining.

What I'm worried now is that what happens if the level of difficulty of mining ETH goes up drastically and the price of ETH goes down ? I'll be doomed lol
shikimori
post Jun 12 2017, 08:15 PM

Getting Started
**
Junior Member
236 posts

Joined: Jul 2007
From: Penang


what price point for btc long position re-entry ?

Don't tell me its gonna hit low 2600 T_T

2172 Pages « < 6 7 8 9 10 > » Top
 

Change to:
| Lo-Fi Version
0.0325sec    0.24    6 queries    GZIP Disabled
Time is now: 28th November 2025 - 03:12 AM