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Leroy Fodor · ‎Philippine Investors

October 16, 2014

I am looking for Filipino investors who want to get involved with an investment with better returns than stocks, lower risk than stocks, and absolutely no trading involved. I am a bitcoin miner, I own one of the largest mining farms here in the Philippines. I am looking to start the first national Mining Pool for Filipino residents. Investors interested must understand this is a one time investment with a 100% to 125% profit on your investment. It is not an ongoing investment, and there is a chance after the initial investment is made and paid back no other investment opportunities will be made thru us. If you do want to farther invest in this Mining Poolon your own, you can set it up and we will give you opportunities, and the help you need, to do so. Chinese investors who invested 100,000 pesos worth of investment made 250,000 pesos in 6 months. We have a plan to not only get the Philippines involved in the bitcoin industry but be a leader in South East Asia. We already have a small mining farm backing up investment, as well as generating income. Our next step is to make a Filipino Mining Pool so more Filipinos can join in and make better money mining bitcoins. If you are interested in making real money this year its not to late. Contact me via private message and one of the mining associates that handles your area will get in contact with you to go over the details.

Yep, I, Bruno Kucinskas, is the number one reason why Bitcoin hasn't gone mainstream yet. Because I sit behind my computer in my van down by the river destroying venerable Bitcoin entities like the one above operated by Leroy "Honest Abe" Fodor. I should have a broomstick shoved up my ass and have my body roasted over a BBQ pig pit somewhere in the Philippines for disrupting a disruptive technology.

Here's what one of the largest bitcoin mining farms in the Philippines looked like at the time (bear in mind that in December, 2014, Leroy declared that he operated the LARGEST bitcoin mining farm on the islands):

Quote from: cyberpinoy on October 03, 2014, 07:29:56 PM

You got lucky, wait until those rewards are countered with CEX.io HUGE maintenance fees on cloud, there are times your reward is negative due to the fees being bigger than the rewards. Make sure you look very very closely at your rewards before you do statistics like this, I bet your table will reflect a whole new set of numbers once you check your balance against your rewards minus the fees. I promise you if you recheck the balances you did not make 1.4% you probably lost 30% on the mining being thier fees are 62% for maintenance. minus the trade fees you are looking at a nice loss of 22% haha. If I were you Id look at the finer things you left out in this message like the trade fees and the maintenance fees.

FYI I have been mining there a log time so no use trying to bullshit me. Cex.io/Ghash.io are the biggest scammers in the world of pools.

I will list a few things for you to determine yourself, along with screenshots to back it up.

My miner report for that block
(5s):1.023T (avg):1.022Th/s | A:3322712 R:5120 HW:22 WU:13.6/m

This was the payout report
17732 2014-08-24 09:49:25 317250 25.0550 1/120 4 hours 46.77 Ph Your shares 1523536/75000007950 0.00% 168878284227 0.00050896

Here is the report from the block cloud mined and its fees.
2014-08-24 18:34:54 0.00050896 BTC 0.00050977 MINING-Block #317250, Reward: 0.00050896
2014-08-24 18:34:54-0.00010196 BTC 0.00040781 MAINTENANCE-Shares 177624 , Cost: -0.00010196

Now if we do a simple mathematical equation it will tell us something interesting

If you can mine 177,624 shares with 50ghash/s of mining power in a 4 hour block, how many shares can you mine with 1000Ghash/s of mining power in a 4 hour block?

Solution 177,624(20) = 3552480

Wow how ironic to see that mathematically the numbers match very closely to what my miner stats output was huh?

NEED MORE PROOF Ok here you go this is for only 50Ghash of their cloud

2014-08-25 10:19:37 -0.00004996 BTC 0.00026826 MAINTENANCE - Shares 87032 , Cost: -0.00004996<-------------
2014-08-25 10:19:37 0.00002763 BTC 0.00031822 MINING - Block #317346, Reward: 0.00002763<-----------------LOSS of 0.00002233
2014-08-25 08:18:26 -0.00001076 BTC 0.00029059 MAINTENANCE - Shares 18744 , Cost: -0.00001076
2014-08-25 08:18:26 0.00002977 BTC 0.00030135 MINING - Block #317335, Reward: 0.00002977
2014-08-25 07:54:04 -0.00000207 BTC 0.00027158 MAINTENANCE - Shares 3600 , Cost: -0.00000207
2014-08-25 07:54:04 0.00003121 BTC 0.00027365 MINING - Block #317333, Reward: 0.00003121
2014-08-25 07:46:58 -0.00004372 BTC 0.00024244 MAINTENANCE - Shares 76152 , Cost: -0.00004372<--------------
2014-08-25 07:46:58 0.00003099 BTC 0.00028616 MINING - Block #317332, Reward: 0.00003099<------------------LOSS of 0.00001273
2014-08-25 06:03:07 -0.00003185 BTC 0.00025517 MAINTENANCE - Shares 55472 , Cost: -0.00003185
2014-08-25 06:03:07 0.00004361 BTC 0.00028702 MINING - Block #317324, Reward: 0.00004361
2014-08-25 04:46:45 -0.00002396 BTC 0.00024341 MAINTENANCE - Shares 41736 , Cost: -0.00002396
2014-08-25 04:46:45 0.00004588 BTC 0.00026737 MINING - Block #317314, Reward: 0.00004588
2014-08-25 03:48:34 -0.00001855 BTC 0.00022149 MAINTENANCE - Shares 32304 , Cost: -0.00001855
2014-08-25 03:48:34 0.00004588 BTC 0.00024004 MINING - Block #317314, Reward: 0.00004588
2014-08-25 03:03:57 -0.00005255 BTC 0.00019416 MAINTENANCE - Shares 91544 , Cost: -0.00005255<---------------
2014-08-25 03:03:57 0.00004122 BTC 0.00024671 MINING - Block #317310, Reward: 0.00004122<-------------------LOSS of 0.00001600
2014-08-25 00:59:13 -0.00001266 BTC 0.00020549 MAINTENANCE - Shares 22048 , Cost: -0.00001266
2014-08-25 00:59:13 0.00003989 BTC 0.00021815 MINING - Block #317298, Reward: 0.00003989

Quote from: cyberpinoy on January 04, 2015, 08:05:01 PM

Quote from: baristor on January 04, 2015, 06:12:37 PM

pretty good equipment doesnt cut it. shuld i try for the s5 miner ? Also can some 1 tellme how pool mining works and hows daily ROI for it ?

Each pool is different. one of the highest payout pools right now is bitcoin affiliate network. ti is a PPS pool and he makes on time payments that you schedule. Mine is set to get a withdraw every 2 hours. Each pool is very different, most of your pools are PPLNS I do not kike those pools. and each pool calculates their PPLNS differently so your payout will be different for each pool.

Equipment has to be researched, a 40NM machine is going to cost more in electric than a 28NM machine. The s5 is not that bad, 590 watts for 1100 GHS is not that bad, you should be ok to make an ok profit there. I do not own an S5 My machines are Dragon miners and zeus miners. But i am looking to sell all of my dragons and get the S4s to replace them. Becasue they are more efficient than the dragons as far as electric usage. Because we are adding solar to our mining farm it means less money I have to spend. altho the electricity will be free after the install and solar is paid for, the amount of electricity I have to use makes a difference in my costs for solar. the more electric I use the more batteries and panels I have to purchase. So I also have to worry about my electric consumption.

Leroy Fodor is the BIGGEST BULLSHITTER in all of BitcoinLand. The fucker should conduct seminars on how you, too, could be a BULLSHITTING GURU.