Quote from: hasher87 on November 11, 2013, 03:41:58 PM

Quote from: Voodah on November 11, 2013, 01:38:52 PM

Hi tyrion,

Received my direct divs. Thanks a lot for the flawless work and execution. Everything on your side has been great.

Investment wise however, this has been terrible ! Sad

(I'm not complaining, just making some conclusions)

I was in Groupbuy 2 and if the predictions the guys here have been making are right (which they are so far) I will end up with somewhere around 1/3 of my original BTC.

So I was wondering a couple things and wanna ask you all out there:

how has this been for everyone else on the other buys??

what does this mean in a wider sense??
KNC surely seemed like the safest bet out there when we all got in.. if it went so wrong for us, I çan't imagine for the rest..

has every single mining investment in this 2nd gen wave failed by this much ?? does anyone know of a (prior) succesful one?

And again, thanks for everything tyrion, this is definitely not a complaint

It was all gone well with the share price was reaching at average high of 0.012btc per share until the share price was tanked down below to 0.006btc, and then 0.002 due to bitfunder closing down the market for the US user

What ?? NO. I think you are seriously misunderstanding the situation.

Share price had absolutely nothing to do with this deal's ROI (even though its volatility may have helped some to hedge out as stated above) and the same goes for Bitfunder's closure. In fact, some people (like me) didn't even bother going to BF, so the share price doesn't even enter my calculations.

It's pretty simple actually, difficulty rose (a lot) more than people expected, and the miners started mining 1.5-2 months later than expected. There was no ROI to be had.

On papers, KNC seemed a lot safer than BFL. In reality though, all miner companies have proven to be the same border-line scam. They all delivered (and continue to do so) equipment that is absolutely incapable of achieving ROI.

This boggles my mind.

Who is being profitable in the mining business (and how)?
Has it become something where only AM, KNC, BFL, etc., themselves make money?

I tell you.. it's blatantly obvious we're all being used. This 2nd gen wave was simply scandalous all across the board. Not a single product capable of mining itself out. In any other business they would've all gone bankrupt. Here, they are the only ones making money. Sad shit.