Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | Mining Period Started
by
BEECoinfan
on 05/10/2014, 10:35:19 UTC
1) are miners the luckiest people in the world right now with this coin

or

2) did I (we) pay way too much for this coin during the ICO

I ask because I got in on the ICO and I am also a mining this coin right now.

In 12 hours mining with 260 MH/s of mining power I mined the equivalent of what I paid $275 for during the ICO.

and of course to put that in perspective - on a good day I would make $60 mining other coins with my 260 Mh/s --- so to think that I just made $275 mining SEED with my 260 Mh/s of mining power is very troublesome to say the least as an investor in this coin.

I never imagined it would be so easy for miners to mine the equivalent of what I paid so much for and we're only on block 880 right now....

this is not looking good...



Was block 880 a typo because both the wallet and the pools I looked at said 855?

We're on Block 856 now

I think that makes his point worse as there is more blocks to come, however to answer I think it depends when you bought in... the first day or the last day.

Also depends if you rented a rig, A) how much you paid per GH and B) if it produced.  One miner I rented on Betarigs was a 300 MH Rig and it was offline and never produced any hash so mining isn't without its complications.  However Hopefully they will refund my money but I lost the opportunity and had my bitcoin tied up.