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 Cloud Mining - Cryptocurrencies

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Flame Haze
post Jul 18 2017, 08:49 PM

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Not joining, with Slack, discord, too many apps already. I'll just continue chit chat here laugh.gif
Flame Haze
post Jul 19 2017, 07:49 AM

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Not too sure but my guess is that Dash difficulty will go up 500% at least by the time D3 ships in September. When Hashnest want to add D3 hash plan? laugh.gif
Flame Haze
post Jul 19 2017, 07:51 AM

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QUOTE(Chelsea-Fan @ Jul 19 2017, 07:45 AM)
Litecoin difficulty is increasing fast. Output was lesser from day to day at faster rate now. Maybe will see reduction of another 30% by Sept 20 during L3+ shipping.
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I'm getting less and less per block now but Hashnest is getting more blocks every day. Any explaination? More hashpower joined Antpool so less share but more blocks mined?
Flame Haze
post Jul 19 2017, 08:26 AM

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QUOTE(dwRK @ Jul 19 2017, 08:13 AM)
difficulty is increasing...yes

but HF vs HN block mining....random luck only IMHO...

if you check the blocks...some are solved in 30 sec, some 10 mins, some in hours...lol...

no additional capacity (hashpower) joined HN...you bought hashpower from existing share owned by someone...you get more % payout that's all...
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Yeah I thought so too, just existing hashpower being traded around. But 150 blocks yesterday was crazy luck though smile.gif

Flame Haze
post Jul 19 2017, 09:49 AM

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Anyone grab the Antminer D3? Thinking of getting one next batch, should be out in a few days, but scared difficulty go up too much in September. sweat.gif

P.S Is the genesis mining (dash) still worth it considering difficulty gonna spike in the next few months? Discuss

This post has been edited by Flame Haze: Jul 19 2017, 09:50 AM
Flame Haze
post Jul 19 2017, 09:52 AM

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QUOTE(Dividend Magic @ Jul 19 2017, 09:50 AM)
As for all investments, it gets cheaper per unit as you pay more money.

Ie. for Genesis Dash(x11) contract:

USD30 will get you 5 MH/s
USD500 will get you 100 MH/s

Its cheapest at USD30, but more value for money at USD500.  biggrin.gif
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The new Antminer D3 giving output of 15,000MHs at $2700
Flame Haze
post Jul 20 2017, 04:59 PM

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QUOTE(Spectreoutreach @ Jul 20 2017, 04:39 PM)
hope august can come soon so price back to normal sweat.gif
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Still got November fork yo laugh.gif
Flame Haze
post Jul 25 2017, 09:11 PM

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I don't want to spread FUD, but since my main source of news is reddit, I came upon something that you guys might be interested in.

https://www.reddit.com/r/CryptoCurrency/com..._in_4_days_now/

Flame Haze
post Jul 26 2017, 04:01 PM

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QUOTE(denimblue @ Jul 26 2017, 03:30 PM)
"Investing in cloud mining is not without risk"

Yes, we didn't cater for non-payment of daily mining payouts by Genesis as part of that risk. user posted image
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https://www.reddit.com/r/GenesisMining/comm...so_far/dkqazmf/
Flame Haze
post Jul 26 2017, 04:24 PM

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QUOTE(jack2 @ Jul 26 2017, 04:19 PM)
The reply is rude >> and we expect our customers to be aware of that and do their own research before purchase.

What does this forum say? I don't understand
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The user is asking customers to quote the entire clause 4, especially 4c and 2b when asking for refunds. Just to make it clear that there is a good cause for refunds and Genesis Mining cannot play any stall games.

EDIT: Can also do a chargeback via your bank since it is a breach of contract for not paying out daily. Chargeback period allowed is normally within 180 days of transaction for overseas transactions.

This post has been edited by Flame Haze: Jul 26 2017, 04:26 PM
Flame Haze
post Jul 26 2017, 04:28 PM

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QUOTE(jack2 @ Jul 26 2017, 04:25 PM)
I did quote such clauses when I issued the ticket.
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Copy paste the contract terms. If they direct you to their FAQs saying no refunds allowed, ask them whether the Munich court will consider FAQs or terms of contract in passing judgement.
Flame Haze
post Jul 28 2017, 04:09 PM

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QUOTE(jack2 @ Jul 28 2017, 04:04 PM)
So fast BCC can be traded?

BCC = split from BTC and form a new one that unhappy with the Segwit2x proposal.

So if I own BTC in my wallet, how do I know I choose BTC or BCC ah?
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You will automatically get both. Value depends on the market. BCC now isn't trading, what they're trading are futures coz ppl specualate BCC>bitcoin, kinda like ETH and ETC
Flame Haze
post Jul 28 2017, 04:16 PM

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QUOTE(jack2 @ Jul 28 2017, 04:10 PM)
Oh... If get both, so the price will be automatically adjusted right?
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Yes, total should be about $3k at most combined. Impossible to create value out of nothing.
Flame Haze
post Jul 28 2017, 05:55 PM

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QUOTE(denimblue @ Jul 28 2017, 05:47 PM)
How will our BCC show on our wallet?
My Exodus wallet now only supports BTC.
Does it also support BCC?
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It'll be updated. Just don't transfer anything until everything has settled down
Flame Haze
post Jul 30 2017, 06:37 PM

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QUOTE(johnnyzai89 @ Jul 30 2017, 02:58 PM)
i just started so my BTC value is pretty low..
at around what range would be good to transfer to a wallet

and any recommended wallet? smile.gif
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When your portfolio is 5x the cost of the wallet (ledger nano s)
Flame Haze
post Jul 31 2017, 10:20 AM

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QUOTE(hiyyl @ Jul 31 2017, 10:11 AM)
Helo, 1st time here. I jz look at dash for genesis starter pack it says out of stock. Will they replenish the stock later?
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plz avoid genesis for now as they're having problems paying out. Better to wait until they have resolved their issues.
Flame Haze
post Jul 31 2017, 11:13 AM

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QUOTE(pakdamek @ Jul 31 2017, 11:08 AM)
Hi. I have a DC with aircond and internet. who want's to put their miner inside there?
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DC? Sked u run off laugh.gif
Flame Haze
post Aug 18 2017, 11:36 PM

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QUOTE(denimblue @ Aug 18 2017, 11:10 PM)
Microhash is a known scam.
Bitconnect not sure.
Anybody tried Bitconnect?
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Bitconnect is a ponzi scam. In short:

1. Promise you 0.25% return per day
2. Referral links to introduce your friends and family which can increase your compounded interest to 480% per year.
3. No whitepaper
4. No information about the founders
5. Main traffic is from Indonesia/Thailand/Malaysia
6. Profit is supposedly from a trading bot trading crypto on an exchange, they cant reveal coz scared other people copy the bot (sounds familiar? laugh.gif )
7. top 10 wallets hold 76% of the supply
8. No exchange lists it, all trading is done on their client

If you have balls there's profit to be made, but I'm just waiting for it to burst. I'm seriously disgusted at those shills trying to cheat people into joining on bitcointalk because they scared the bubble burst too early. Greed at its best. doh.gif
Flame Haze
post Aug 20 2017, 11:14 AM

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QUOTE(denimblue @ Aug 20 2017, 10:52 AM)
I have channeled some of my mining proceeds to invest in Bitconnect this morning.
I invested $1,200 on their lending platform.
I will be getting daily accrued interest and get back my invested capital in 239 days.
I can either take out the interest or reinvest (compounding).
Let's see how much I can make on 16th April 2018 (capital release date). smile.gif

user posted image

user posted image

user posted image
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Why u go join ponzi? Anyway good luck and plz don't advertise it here yeah sweat.gif
Flame Haze
post Aug 20 2017, 04:55 PM

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QUOTE(denimblue @ Aug 20 2017, 03:31 PM)
First of all, my posting is relevant because I am letting people know what I am doing with my CLOUD MINING proceeds.

Secondly, do you have concrete evidence that Bitconnect is indeed a Ponzi scheme?
Or is it just hearsay from those who are scared to invest?

Bitconnect is the top 12 ranking cryptocurrency in terms of market capitalization, currently at $765 million.

As in any investment venture, no risk no gain, high risk high gain.
To me, $1,200 is a miniscule amount I am risking and I am willing to lose it all if ventures goes sour.

Obviously I have done my research, and I cannot find one single Bitconnect investor on the Internet who has lost his investment.

A perceived Ponzi scheme is not an actual Ponzi scheme until concrete evidence like non-payment of daily payouts,
or inability to withdraw capital is proven.

I will let everyone here know the outcome every now and then. Wish me luck! smile.gif
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This thread is about Cloud Mining - the process of using hardware power to mine cryptocurrencies (such as Bitcoin or Litecoin) remotely. Whereas what you're trying to advertise right now is loaning your money on a platform, which supposedly uses a profitable trading bot for a daily interest rate, which is clearly off topic. It doesn't matter that the money you're using is from your Cloud Mining proceeds, it is still off topic. Just because I talk about using my Hashnest payout to buy a burger doesn't make the burger related to cloud mining. laugh.gif

I don't grudge you from your profits, I understand that you have done your DD and are willing to risk your money. If you're so convinced that it is a decent investment then you're free to open your own thread to promote it and make everyone invest. But right here, it is definitely off topic. Cheers.

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