Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
jibble
on 18/08/2014, 05:56:19 UTC
What a disaster!!

I had spent over $300 on rental rigs(600mh/s),  my total syscoin?  5204

Where is my refund for all the downtime?



ROFL - REFUND? You took the risk, you had AWFUL margins - like 0.9 btc getting dumped thru mining at max each day - YOU took the fuckiing risk by _RENTING_ miners at an awful position.

Now you blame Sys for it? You fucking mongo u shouldnt invest a single dollar fucking dipshit...

This is not correct dude. Mining a shit, which had been prepared for 4 months having a 1500btc budget, and expecting to be able to sell the mined coins (even without profit) should include very minimal risk. I mean every average amateur web designer successfully launches a shitcoin twice a week and this crew fucked up the launch after all this preparation. Such sloppy work.

Everyone has a very valid reason to complain. It has destroyed our other plans as well, because now we are fucking stuck with it!!


very minimal risk?

The total amount of coins that can be mined, if someone owns 100% of the  hashrate is just over 1 btc at current valuation (In a 24 hour period)

If for $300 you were even lucky enough to own just over 50% of the network hash and were solo mining you would still lose about $50


even if the network was working 100% for the whole duration , you would need about 60% of the network hash rate just to break even for $300