Quote from: armin22 on June 04, 2014, 06:57:08 PM

CLOAK is a relaunch, why did it die in the first place?

Quote from: tokyoghetto on June 04, 2014, 06:00:12 PM

Quote from: Digi7ech on June 04, 2014, 05:26:32 PM

I looked at leaserig.net
Seems like it's an easy way to lose btc. I suppose if you mined a coin with PoS interest like HBN, you could in the long run recoup that lost btc.

How are you figuring a profit from them? By speculating new coin mining turns into value later?

I'm about to buy a Gridseed blade to replace my GPU farm. Seems like a decent site to sell my hashpower and make more than if I were hashing myself.

Yes you are correct. I only rent rigs on new releases. I have a method of valuing coins, sort of how a real estate agent might price a home. I was able to price Romancoin correctly and I bought the entire orderbook from 65 satoshi up to 117 satoshi. It later went on to hit an all time high of 640 satoshi.

Tying that in with rentals, I am doing the same with CLOAK. I looked at different variables and compared them to competing coins like DRK. I was confident enough to rent 330mhash worth of heavy artillery and aim it at CLOAK. Based on the current Bittrex price, I am already in profit, but I expect higher prices, as the concept of CLOAK seems viable.

I was lucky enough to avoid VOOT, which reeked of scam the second I started my valuation. Reminded me of Artos and the Stablecoin pump scam.

Its been awhile since I have PoW mined HBN, or used the multipool. I don't have any mining hardware running and PoS mining is the most cost effective way for me to get more HBN.

There was an issue with the code that generated a ton of orphans. The devs pulled the plug, cleaned up the code and relaunched. Its been smooth sailing ever since then.