Quote from: sublimeguy on August 22, 2017, 09:10:17 PM

Quote from: Longsnowsm on August 22, 2017, 08:57:12 PM

Quote from: sil2222 on August 22, 2017, 08:49:50 PM

Quote from: Longsnowsm on August 22, 2017, 06:55:40 PM

Quote from: sublimeguy on August 22, 2017, 04:28:34 PM

I'm convinced the people here "worrying" about difficulty levels rising and "suggesting" people do anything OTHER than order a D3 are just fudding and in reality want all the D3's for themselves. Right now, these units have a 9 day ROI. even if earnings drop 4x you're still looking at ROI under 1 single month. Yes customs and bitmain website and order process are huge pains in the ass, but if you can get through it you're gonna do very well. don't listen to the people crowing about difficulty. When difficulty goes up, generally the value of the underlying coin goes up - JUST LIKE DASH IS EXPERIENCING RIGHT NOW. even though difficulty goes up, profitability does not proportionally decline.

anyway i got 14.

by the way, if you're serious about mining, you need to check out the gigawatt white paper and the WTT token.

Your right everyone who mines X11 right now watching profits crash are just imagining it. Roll Eyes

And Gigawatt is a ponzi scheme... Buy and mine yourself, or find a reputable hosting site you can trust.

I dont agree gigawatt is a ponzi scheme. Gigawatt currently has the highest hash rate 67ghs on litecoinpool.org

So Giga has roughly 84 L3+'s online and that is enough to convince you it isn't a ponzi scheme? All I can say is good luck with that.

You have an interesting analysis about the ponzi scheme - maybe we're talking about two different things. New money isn't funding prior investors (what does that even mean?). Investor money is used to fund the production and development of new mining facilities to host the mining equipment. They're using investment funds to build new giga pods for the miners. They post all kinds of pics and updates on insta/twitter/fb. They can offer their mining services for competitive prices because they have access to insanely cheap hydroelectric power in Washington state and are building cost-cutting giga-pods which are more efficient than single-room monolithic mining facilities. And by your logic, every new innovation or business that disrupts a market "stinks" just because they offer services that their competitors can't. it could be that they're just a good business with a solid business model!

and having 84 L3+ (i think its more like 132) probably shouldn't convince you it's not a ponzi scheme, but it's DEFINITELY not evidence that they ARE a ponzi scheme. You think about things in a weird way man! why are you so suspicious?

His definition is a Ponzi scheme, not sure why you think using investor money to invest is a Ponzi scheme.