Quote from: sillywhim on July 03, 2014, 02:27:18 AM

Quote from: Max.B on July 02, 2014, 11:26:05 PM

How do you plan the asset of payouts when the difficulty grow next months? You'll bet everything for LTC growing this year, as never grow before?

That's not it. Cloudhashers doesn't expect LTC to grow, but to DECLINE THIS YEAR. They expect to mine more LTC in the future than they do now. They expect LTC mining difficulty to DECLINE, not increase in order to do these payouts. If LTC grows then that means mining difficulty grows and that means cloudhashers make less coin and that means eventually they'll be unable to do payouts.

Their Plan B disaster plan? They even expect to be able to throw enough ASICs into their mining pool to compensate for any increase in mining difficulty, presumably using our "investments". This is their business plan.

How do you feel now?

Mate, are you sure to having understood the implications?
The litecoin now it's more or less 100 time lower than bitcoin. Their payouts are made in BTC, and I don't think BTC will still grow 100 times by now.
If they mine LTC, and LTC value grow like BTC, substantially they have to make esbursment for payouts about 100 time less of today.

If diff grow 200% they just mine half of actually LTC, but likely the value will at least double. (I know that those parameters are not closely related, but today we can just take btc as previous experience, and the value yes, will grow with diff growing).

You know that since sha256 Asics become in the market, the btc value it's gone to the stars. It's possible that the same thing happen to ltc.

If difficulty decline, will mean less market volume and less interest by stock exc. for this kind of "goods", and the value dramatically will decline.
So in this case they can't pay btc if they mine ltc undervalued. Well, at this point cloudhashers.net would disappear very fast. For me this is the real risk.

With "little bit complicated" I mean that if they have a good plan, they have considered this eventuality and for example they can mine other scrypt cryptos like ftc or so.

Yes, I know, too many "if"... and I was hoping the owner could say us something about a sort of B plan, Not me or other ppl but him..
I hope he is a true badass in his work and he will provide a strong warranty for his investors. (also I know well a saying in my country: who live in hoping, die shitting...lol)