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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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TheReaderReads
post Jun 12 2017, 09:52 AM

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I stamp my mark on this FIRST PAGE!!!

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TheReaderReads
post Jun 12 2017, 11:18 AM

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QUOTE(raynman @ Jun 12 2017, 10:52 AM)
You are right.

The GTX 1070 is a better GPU for ethereum mining than the GTX 1080TI, considering the price difference.. smile.gif

user posted image
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just checking, what is the current price of AMD Radeon R9 295X2?

looking at the benchmark price tag

This post has been edited by TheReaderReads: Jun 12 2017, 11:18 AM
TheReaderReads
post Jun 12 2017, 03:20 PM

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QUOTE(raynman @ Jun 12 2017, 02:38 PM)
Great!

I just took up another Ethereum cloud mining contract for two years with Genesis.

You can use my affiliate code in my signature to get a 3% discount after you sign up. smile.gif
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base on the link below
https://www.cryptocompare.com/mining/calcul...CostPerkWh=0.12

what power consumption (w) and cost per kW/hr should I fill in? if I buy the Genesis Mining ETH of 100MH/s?
TheReaderReads
post Jun 12 2017, 03:34 PM

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QUOTE(raynman @ Jun 12 2017, 03:31 PM)
I bought the Genesis ETH mining contract at 100MH/s for 2 years at USD2,715 (after 3% discount).

Cloud mining do not attract power cost nor maintenance fee for ethereum.

Here is the ROI computation at current price and mining difficulty.

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thx

so meaning if I were to pump in USD2715 (after 3% discount), I get money in return?

or I get ETH?

Most likely is money eh?

I just give money? or I have to give ETH to Genesis Mining?
TheReaderReads
post Jun 12 2017, 03:40 PM

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QUOTE(Dixon93 @ Jun 12 2017, 03:35 PM)
you will get ETH in return of course, thats why called cloud mining,
then you can decide what to do with the ETH
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Looking at the chart provided from raynman below.
user posted image

I just have to inject USD2715 after the 3% discount right? or I inject in ETH equivalent to USD2715?

Like what u said, I get ETH in return. so per mth, I get ETH equal to USD723.45 and also depending on the increase in ETH price right?
TheReaderReads
post Jun 12 2017, 03:47 PM

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QUOTE(raynman @ Jun 12 2017, 03:43 PM)
You are right, no worries. biggrin.gif

You can use credit card to fund your purchase, not necessarily must use ETH.
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alright

I notice u promote Hashflare and Genesis Mining. Hashflare gives 10% discount. which has better returns if I am looking at ETH 100MH/s
TheReaderReads
post Jun 12 2017, 04:11 PM

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QUOTE(raynman @ Jun 12 2017, 03:52 PM)
I have both Hashflare and Genesis ETH mining contracts.

But the HashFlare contract is for only one year.

Although the price per MH/s is lower than Genesis, you have one extra year in Genesis to collect your ETH.  biggrin.gif

I believe Genesis is more worth it than HashFlare.

Please remember to use my Genesis code when you sign up. laugh.gif
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I am looking to go 100MH/s

of cuz will sign up using ur Genesis code. that 3% is precious drool.gif


anyway another question

for 100MH/s per month is USD722.43. So that means I get ETH equal to USD722.43 right? I get it per month? per day? or per week? or per year?

lets say per year amount it is USD8,789.61. if 1ETH suddenly shoot out USD10,000 this year. then how would they calculate after i get ETH per mth previously at current price.
TheReaderReads
post Jun 12 2017, 04:15 PM

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QUOTE(raynman @ Jun 12 2017, 04:13 PM)
Thanks in advance.  rclxms.gif
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oi

my question leh? u no reply to those yet laugh.gif
TheReaderReads
post Jun 12 2017, 04:23 PM

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QUOTE(GabanGadget @ Jun 12 2017, 04:20 PM)
Why cloud mining if u can setup own hardware and ROI within 6 months and after that all free money (minus tnb bill)? I'm not investor or minor just curious.
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bcuz I am renting a room in this HDB flat in singapore laugh.gif

no space for such hardware

u selling rig???
TheReaderReads
post Jun 12 2017, 04:27 PM

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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
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cheh!

just now say not worth it... and within minutes, 180degree turn. now already sign up for this biggie investment tongue.gif



QUOTE(raynman @ Jun 12 2017, 04:22 PM)
I got it already.

many thanks!  rclxms.gif

user posted image
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wah wah wah

raynman got supporter liao

I suppork suppork jack2 la tongue.gif

This post has been edited by TheReaderReads: Jun 12 2017, 04:28 PM
TheReaderReads
post Jun 12 2017, 04:41 PM

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QUOTE(raynman @ Jun 12 2017, 04:17 PM)
Actually you get freshly mined ETH tokens every 24 hours.

With a hashpower of 100MH/s, you will mine approximately 0.0640 ETH tokens per day based on current difficulty.

Multiply this amount with the current ETH market price and you will get the actual amount in USD.

If the price of ETH hits USD10,000, you fatt lor!  rclxms.gif
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so can I withdraw the ETH every month?

or have to wait for 2years then only can withdraw the total accumulated amount of ETH?
TheReaderReads
post Jun 12 2017, 04:43 PM

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QUOTE(jack2 @ Jun 12 2017, 04:37 PM)
Because you lo..
rclxm9.gif

You can see me sign up under you?
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I no do anything apart from asking raynman question leh kakaka

No, u sign up under raynman. Me not yet sign up. not enuf capital yet for 100MH/s laugh.gif
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post Jun 12 2017, 04:50 PM

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QUOTE(wengherng @ Jun 12 2017, 04:44 PM)
Back to cryptocurrency investing......ETH is pushing USD 380...!
And market cap is pushing USD 115 Billion...!
This is unreal.
shocking.gif

By the way, can anyone enlighten me, what's the deal with Dash?
I know that it originated from Darkcoin and has squeezed into the Top Ten, but what actually fuels it's meteoric rise?
I'm asking because I see that it has been chasing Zcash when they were both below USD 100, until ZCash left it behind recently.
If history repeats itself (and it usually does), then I'm thinking that it would not be unthinkable for Dash to reach USD 330 in the near future too?
Since, as we all know, fundamentals go out the window when it comes to cryptocurrency euphoria.
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strange...

according to cryptocompare
https://www.cryptocompare.com/coins/#/usd

Market Cap:
BTC = 48billion
ETH = 35billion

ETH last couple of days daily volume exceed that of BTC

as for DASH, saw some youtube video of ppl mining DASH at high rates from Genesis Mining

This post has been edited by TheReaderReads: Jun 12 2017, 04:53 PM
TheReaderReads
post Jun 12 2017, 04:51 PM

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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.
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thx drool.gif
TheReaderReads
post Jun 12 2017, 04:52 PM

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QUOTE(raynman @ Jun 12 2017, 04:51 PM)
No worries, my friend.

I have done due diligence and research on these two companies way before I invest in them.  smile.gif
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well the thing is WooTz got scam from Genesis Mining before

that was what he told me last Tuesday when I first got to know of cryptocurrency
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post Jun 12 2017, 04:57 PM

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QUOTE(blueblueoutofblue @ Jun 12 2017, 04:53 PM)
i think is cloud mining right? not genesis mining?
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WooTz sila konfirm ni

I dah konpuis confused.gif


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post Jun 12 2017, 05:15 PM

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QUOTE(wengherng @ Jun 12 2017, 05:04 PM)
It's not really that strange, actually.
For me, the daily volume is a good parameter, but not the best indicator of money flowing in......market capitalisation is a better indicator.
And looking at it, we are looking at 35 Billion, edging closer and closer to bitcoin's 48 Billion.
The flippening is really happening, it seems.

I give them both another 2 days to reach USD 3000 and USD 400 respectively.
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the effect of that coming china forum will definitely see a huge influx of more Middle Kingdom Yuan if things turn out great
TheReaderReads
post Jun 12 2017, 07:01 PM

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

Hmmm
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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 ...
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plz continue to get stuck at work. I want the bull to continue...
TheReaderReads
post Jun 12 2017, 08:19 PM

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do I need to be of concern storing all my ETH in MEW?

I am starting to dread if one day MEW shuts down and along with it my ETH disappears

WooTz
TheReaderReads
post Jun 12 2017, 08:48 PM

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QUOTE(rickyro @ Jun 12 2017, 08:10 PM)
Just bought 40 ETH... Hopefully it can go up in these couple of days
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u sai lang ah???

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