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Re: My terribly negative experience with QuadrigaCX, Canada's leading BTC exchange
OP - I just went through the exact same thing!! -
after waiting days for verification I decided to ask them why it was well outside of the 48 max they quoted for turnaround and i haven't been asked to submit extra docs or redo anything etc...
- - no response so I sent a couple service tickets on the site - no response -
I was getting frustrated and so
Finally I went to facebook and wrote a review asking what was taking so long and why they don't respond to clients "service tickets" emails or their phone calls....
I hoped this review would get their attention because it was out in the public eye right?? and I knew if they made the situation right i could easily delete it afterwords so it wouldn't hurt their clearly EXTREMELY FRAGILE egos. anyway did it work?
wow - crazy fast,1 minute late I finally hear from them, ( just goes to show they can ignore customers comments and complaints by email or on their website, but BOOOM!!!! the moment it is out for the world to see they reply with a comment in UNDER A MINUTE!)
You know what they say?
they say i'm banned and suspended - ad some other BS about the "industry standard wait being WEEKS. When I only began to inquire after THEUIR OWN STIPULATED MAX TIME OF 48 HOURS!! I also was shocked because they claim to be the biggest and best in Canada when Coinsquare does this same verification less than 24 hours- not "WEEKS" I later went to coinsquare to make sure the quated figures were accurate and yup 16 hours start to finish!! sooo anywayyy someone here is a SORE loser.
I explained the situation and told them I was just going to my last resort to try and get their attention here on in public after exhausting all other routes privately......and of course no reply- ----
Just brutal
I was shocked -
If this is how they treat clients it is terrible. As a Canadian I feel it is now my duty to do the rounds on social media and insure this "company" doesn't waste the time of any other investors..
If the first thing you do in response to an inquiry is block the account that says something - Same thing when you leave a review - rest assured if you go on facebook and have ANY critique or suggestion you will be banned because its never their fault and how dare you insult them .
Very sad that they are Canadian
honestly upset and disappointed. Hope your guys experience is different then all those who have chimed in before me here in very similar tone .......
Cheers
B
I believe in 3rd and 4th chances for these guys sake and if they ever un supend me of course I will come back and update this thread... I'm not a vendictive criminal like they are pegging be for some reason, anyways hope this gets better but for now I'm advise all people I speak with on the other bitcoin forums what to expect when dealing with Quadri -- and yes I'm very new to BCT site but not the the ecosys as a whole, I just thought you guys deserve to know like the rest of the cryptosphere - Knowledge is power my friends.!
Happy living!
B
after waiting days for verification I decided to ask them why it was well outside of the 48 max they quoted for turnaround and i haven't been asked to submit extra docs or redo anything etc...
- - no response so I sent a couple service tickets on the site - no response -
I was getting frustrated and so
Finally I went to facebook and wrote a review asking what was taking so long and why they don't respond to clients "service tickets" emails or their phone calls....
I hoped this review would get their attention because it was out in the public eye right?? and I knew if they made the situation right i could easily delete it afterwords so it wouldn't hurt their clearly EXTREMELY FRAGILE egos. anyway did it work?
wow - crazy fast,1 minute late I finally hear from them, ( just goes to show they can ignore customers comments and complaints by email or on their website, but BOOOM!!!! the moment it is out for the world to see they reply with a comment in UNDER A MINUTE!)
You know what they say?
they say i'm banned and suspended - ad some other BS about the "industry standard wait being WEEKS. When I only began to inquire after THEUIR OWN STIPULATED MAX TIME OF 48 HOURS!! I also was shocked because they claim to be the biggest and best in Canada when Coinsquare does this same verification less than 24 hours- not "WEEKS" I later went to coinsquare to make sure the quated figures were accurate and yup 16 hours start to finish!! sooo anywayyy someone here is a SORE loser.
I explained the situation and told them I was just going to my last resort to try and get their attention here on in public after exhausting all other routes privately......and of course no reply- ----
Just brutal
I was shocked -
If this is how they treat clients it is terrible. As a Canadian I feel it is now my duty to do the rounds on social media and insure this "company" doesn't waste the time of any other investors..
If the first thing you do in response to an inquiry is block the account that says something - Same thing when you leave a review - rest assured if you go on facebook and have ANY critique or suggestion you will be banned because its never their fault and how dare you insult them .
Very sad that they are Canadian
honestly upset and disappointed. Hope your guys experience is different then all those who have chimed in before me here in very similar tone .......
Cheers
B
I believe in 3rd and 4th chances for these guys sake and if they ever un supend me of course I will come back and update this thread... I'm not a vendictive criminal like they are pegging be for some reason, anyways hope this gets better but for now I'm advise all people I speak with on the other bitcoin forums what to expect when dealing with Quadri -- and yes I'm very new to BCT site but not the the ecosys as a whole, I just thought you guys deserve to know like the rest of the cryptosphere - Knowledge is power my friends.!
Happy living!
B
Hi guys.
I'm glad I found your reviews over here, sorry it was you, glad it wasn't me.
I found there site just looked sketchy to me, but I used there site a couple of times.
I know you say, I believe in 3 or 4 chances. I don't. I've lived through Mt. Gox and being ripped off by a mistake by shitstamp, nobody gets but 1 chance. In this world of BTC, I've been ripped a couple of times since 2013. I think 1 chance is enough, or your probably not going to live to see the end of BTC. Haha.
I want to be here with as much BTC as I can keep, without somebody else being too lazy to care about there valued, or undervalued customers. Too lazy or too careless, either one is not worth going back to.
thanks guys, sorry it happened to you.
Yeah, switch to ZEN. 
ZEN is more profitable?
If you are new to GPU mining here is my advice to you.
Do not pay high prices for GPUs with the promise of great returns.
Do figure out how to stack discounts when buying online.
Do not buy anything on ebay unless it is truly a great deal.
Do consider buying a good PSU.
Do buy hardware when people panic sell.
Do not fear buying used, but always buy newer models from companies where warranty transfers such as Evga.
Do your research on the best models to purchase.
Do not sell your coins after the panic. Sell during the rush.
Do optimize your miners. This will pay off in the long run.
Do expect a long ROI at around 150 days minimum. This is not a get rich quick scheme unless you were mining in May/ June. Be willing to learn how to trade coins to maximize profit.
Zcash is your friend.
For science I purchased a bunch of GPUs in June to add to my existing arsenal. These rigs are 75%+ paid off already. If I can do it, so can you. Any questions feel free to ask.
Do not pay high prices for GPUs with the promise of great returns.
Do figure out how to stack discounts when buying online.
Do not buy anything on ebay unless it is truly a great deal.
Do consider buying a good PSU.
Do buy hardware when people panic sell.
Do not fear buying used, but always buy newer models from companies where warranty transfers such as Evga.
Do your research on the best models to purchase.
Do not sell your coins after the panic. Sell during the rush.
Do optimize your miners. This will pay off in the long run.
Do expect a long ROI at around 150 days minimum. This is not a get rich quick scheme unless you were mining in May/ June. Be willing to learn how to trade coins to maximize profit.
Zcash is your friend.
For science I purchased a bunch of GPUs in June to add to my existing arsenal. These rigs are 75%+ paid off already. If I can do it, so can you. Any questions feel free to ask.
I have to come back and read this post frequently. Too much to memorize in one sitting.
Great post.
Re: A4 Dominator - Pre-Order Group Buy - 280mh, roughly 1000w, $1800 + shipping
Ya, Feel free to contact them, but don't expect an answer. They only answer every third email, unless your buying a new rig. But if you need to order parts because the controller got hot, or some other reason, they're busy now making big money selling rigs, they can't be bothered with little things, like keeping your rig running after you buy it.
As the first mention already said, they only reply to every 3rd email. Give us the info so we can buy new controllers, even though the rig is still under warranty. Just reply in a very timely manner, like the rest of the world that knows what customer service is. Miners make the most money when you first buy them, so not letting us fix our own rigs, is seriously costly. Even when we are happy to pay, even thought he rig is under warranty, still no reply.
Re: A4 Dominator - Pre-Order Group Buy - 280mh, roughly 1000w, $1800 + shipping
I am getting a lot of questions via PM's from a lot of people here regarding this mess with the A4's. I can tell you that I know what everyone else knows, which isn't much. I know people are frustrated and angry. I know, I am one of the frustrated and angry customers myself. It has been a week now since Inno said they were going to set something up to take care of this situation with the miners. But now I am hearing rumors that it isn't going to happen. I don't have any confirmation yet from Inno.
So I have a feeling we are going to have to work to resolve this as a community the best we can if we can get our hands on the jigs to do the flashing. I just sent Inno and email suggesting that they can send me a jig and I will try to help coordinate getting this done. I have no idea if they will take me up on the suggestion.
In the mean time I would like to see if we can get a show of hands here who has a jig or has one coming to them? If you have a jig, or have one coming would you be willing to loan it to the community here so that we can try to come up with a way for members to get their units flashed? I honestly don't think it is a good idea to try and ship jigs from member to member all over the country, but I am certainly open to input on the best way to try and coordinate this activity so that we get everyone flashed who needs it.
The next question I have is how many units are we talking about here in the US that need to be flashed? I know this isn't a small number, but I don't know how many people have bought A4's directly with Inno that are in this boat with a B1 or B2 miner. So I would also like to get an idea how many units we are talking about.
This could turn into a huge undertaking trying to coordinate miners coming in, miners being flashed, tested, and then shipped back out. So there is a significant amount of work and effort to do this depending on how many units we are talking about.
So lets sound off. Let me hear if you have a jig or one is coming. And I would like to get an idea how many A4's need flashing. I would like to get a game plan together and start working the plan. Thoughts?
I have 2 B2's that need to be flashed.
I have 3 units that need flashed. B1 pair and B2 single USASo I have a feeling we are going to have to work to resolve this as a community the best we can if we can get our hands on the jigs to do the flashing. I just sent Inno and email suggesting that they can send me a jig and I will try to help coordinate getting this done. I have no idea if they will take me up on the suggestion.
In the mean time I would like to see if we can get a show of hands here who has a jig or has one coming to them? If you have a jig, or have one coming would you be willing to loan it to the community here so that we can try to come up with a way for members to get their units flashed? I honestly don't think it is a good idea to try and ship jigs from member to member all over the country, but I am certainly open to input on the best way to try and coordinate this activity so that we get everyone flashed who needs it.
The next question I have is how many units are we talking about here in the US that need to be flashed? I know this isn't a small number, but I don't know how many people have bought A4's directly with Inno that are in this boat with a B1 or B2 miner. So I would also like to get an idea how many units we are talking about.
This could turn into a huge undertaking trying to coordinate miners coming in, miners being flashed, tested, and then shipped back out. So there is a significant amount of work and effort to do this depending on how many units we are talking about.
So lets sound off. Let me hear if you have a jig or one is coming. And I would like to get an idea how many A4's need flashing. I would like to get a game plan together and start working the plan. Thoughts?
I have 2 B2's that need to be flashed.
Its a raspberry PI. Can't you just go to raspberry and get the connectors from them? Save yourself a lot of trouble, or are they locked out?
After I looked at mine, I noticed it has a MICRO SD card and it can be flashed by plugging into your computer. No Jig needed, well, pardon me, you will need some form of connection plug to convert it from USB to MICRO SD. So, I'm guessing their is different cards.
Is this the case?
Re: A4 Dominator - Pre-Order Group Buy - 280mh, roughly 1000w, $1800 + shipping
30.2GH at 750W, Innosilicon introduces the world best X11 miner A5 DashMaster
Innosilicon, the worlds leading supplier of advanced mining ASIC,
proudly announces today its next generation X11 miner, A5 DashMaster, at 30.2GH performance in 750W low power mode and 38GH in overclocked mode. It is so advanced and so far ahead in the field that it possesses >3.2 times efficiency advantage over its closest competitor. The A5 DashMaster owns huge competitive advantage, significantly lower operating cost, higher ROI and longevity in all conditions. 
"Once again, Innosilicon A5 DashMaster ASIC raises the bar significantly and brings another crypto currency miner to the next level, building a consistent record of successfully delivering the previous most competitive A series of miners ", says the Innosilicon marketing Director Joey Jiang. "Smart customers choose the best miners and wont risk money on obsolete stuff. A5 DashMaster is so well designed that we believe, even couple of years from now, you can still resell it as the best miner in the market"
Innosilicon X11 is fully proven and open for pre-order now! Delivery time starts from Sept 20th 2017 with superior 6 months warranty.
First order, first served!
Contact us please via email miner_sales@innosilicon.com.cn
www.innosilicon.com
Innosilicon marketing
Innosilicon, the worlds leading supplier of advanced mining ASIC,
proudly announces today its next generation X11 miner, A5 DashMaster, at 30.2GH performance in 750W low power mode and 38GH in overclocked mode. It is so advanced and so far ahead in the field that it possesses >3.2 times efficiency advantage over its closest competitor. The A5 DashMaster owns huge competitive advantage, significantly lower operating cost, higher ROI and longevity in all conditions. "Once again, Innosilicon A5 DashMaster ASIC raises the bar significantly and brings another crypto currency miner to the next level, building a consistent record of successfully delivering the previous most competitive A series of miners ", says the Innosilicon marketing Director Joey Jiang. "Smart customers choose the best miners and wont risk money on obsolete stuff. A5 DashMaster is so well designed that we believe, even couple of years from now, you can still resell it as the best miner in the market"
Innosilicon X11 is fully proven and open for pre-order now! Delivery time starts from Sept 20th 2017 with superior 6 months warranty.
First order, first served!Contact us please via email miner_sales@innosilicon.com.cn
www.innosilicon.com
Innosilicon marketing
Ya, Feel free to contact them, but don't expect an answer. They only answer every third email, unless your buying a new rig. But if you need to order parts because the controller got hot, or some other reason, they're busy now making big money selling rigs, they can't be bothered with little things, like keeping your rig running after you buy it.
like Venezuela!
Show me, how BTC is used there for food shopping, seems it exist not.
I never suggested such a thing. The thread is about cash. I was speaking about cash in my comments regarding Venezuela.
Yes. Bang on. The VEF lost 60% of its value in 4 years and in some cases today the USD is worth up to 3000 for Bolivars. I don't think the average Venezuelan cares about fees, when they're worried about their savings. But maybe were creating another argument out of the first point. Haha.
Two A4 Dominators for sale, immediate delivery. They are currently already hosted for $40/kw month and you can keep them at this site if you wish, no need for shipping, duty, tariffs, just start mining.
Innosilicon is currently selling them for $1500, October / November delivery. These miners require no shipping costs, you can keep them at the site they are already mining at. Just have to switch mining pool and the receiving address. Make me an offer.
If you want them shipped this will be extra of course.
If somebody is interested, please PM me.
Innosilicon is currently selling them for $1500, October / November delivery. These miners require no shipping costs, you can keep them at the site they are already mining at. Just have to switch mining pool and the receiving address. Make me an offer.
If you want them shipped this will be extra of course.
If somebody is interested, please PM me.
Hey folks!
I'm exited about upcoming ICO in June.
Tezos - https://www.tezos.com
WP：https://tezos.com/pdf/position_paper.pdf
I searched for some information about this ICO and found out an interesting article (http://uk.reuters.com/article/us-tezos-blockchain-draper-idUKKBN181250) about Tim Draper participation in this token sale.
Scam or not?
I'm exited about upcoming ICO in June.
Tezos - https://www.tezos.com
WP：https://tezos.com/pdf/position_paper.pdf
I searched for some information about this ICO and found out an interesting article (http://uk.reuters.com/article/us-tezos-blockchain-draper-idUKKBN181250) about Tim Draper participation in this token sale.
Scam or not?
this project have to many HYPE at this moment
but with the real profile of the dev,, and an unique features inside the platform
i think this is not a scam project
The Q. is not if its a scam or not. Most people already understand its not a scam. The Q. is is it going to be worth anything. Is it going to improve in value. Ford shares are not a scam, but good luck making your fortune from buying those shares. Are you actually going to get your money back some time in the next couple of years?
Mining BTC is not a scam, but your not going to get your money back faster than if you simply just bought coin. many people lost money mining BTC 2 years ago.
The Q. is are you going to get your money back? and are you going to get it back soon?
I do not understand what the dev want to say. Just past a paragraph of the introduction in the whitepaper, an ANN thread of TEZOS?
I also noticed this.
Trying to get proper information, trying to understand many of their instructions, no answers to many questions on twitter, all of these things are a huge concern to many people.
But one thing I do see is many emotional people saying "I'm so excited about Tezos", because Billionaire Tim Draper has invested in it. This seems like a lot of hype.
Yes, its true that a lot of people really do want to invest in this token, but they are being blocked by the caution of super bad communication, and major lack of response to Q. If they start like this, and continue like this and don't greatly improve, then when its released after the token is finished, and if you have problems and concerns AFTER they get their pockets pull from the fund raiser, the excited people will be very let down with a little pop, pop, fizz, but nothing more of substance.
I hope I'm wrong, because I really wanted to believe in this token, but their has been a lot of really good ideas that have died on the vine and didn't make it to mass acceptance.
Is Tezos going to be one of them?
poloniex is being accused of having troubles upon communicating the customers, i don;t sure what happened to them, but i can assume that they are gonna run off their stored funds; and is not the first time to encounter the similar matter such as YoBit delaying the withdrawal AFAIK.
^ FUD.
I was able to withdraw 0.1 btc today without any problems. For the OP, why do you have so many bitcoin withdraw addresses?
Not FUD at all. Poloniex is withholding a lot of withdrawals, and they are showing up as pending.
Seems like that small withdrawals are getting filled pretty quickly, whilst large ones are just staying as pending.
If you think that poloniex is legit, you are welcome to try it out yourself. But you're taking a big risk here - some withdrawals will definitely be delayed whilst "waiting approval", which is one of the first and most accurate signs of an exchange having liquidity problems.
Thanks for the warning. Its funny how people are always bragging about cryptocurrencies as freer method of investing and all sorts of other things, but are willing to have an exchange shove 2FA down your throat. Suddenly its not so free to do what you want. haha. Their are other choices too that people would be happy to use, like email, and SMS.
The best thing to do is take your money and go somewhere else. You're not allowed to make your own decisions. They are going to make them for you. Haha.
Re: I want to invest in BTC should i do it now or wait til after August 1st?
It's an important consideration to think through.
I don't think Slark fully grasps all of the consequences that could come from the fork. It's not about whether bitcoin will go up or down, it's about where you keep your bitcoin and whether you'll be shut out (or not) from the alternative bitcoin version that could be created as a result.
Segwit could still result in two bitcoins.
A safer alternative to exposing yourself now would be to spend your investment on Ethereum or Litecoin. Both have been relatively more stable than Bitcoin and Litecoin could even see another pop up to the $100 mark this summer.
Buy bitcoin now. Don't wait for scaling solution to end because the price of bitcoin will definitely grow after successful upgrade.
You can compare it to Litecoin - After SegWit signalling ended price of LTC skyrocketed, it will be the same with Bitcoin.
You can compare it to Litecoin - After SegWit signalling ended price of LTC skyrocketed, it will be the same with Bitcoin.
I don't think Slark fully grasps all of the consequences that could come from the fork. It's not about whether bitcoin will go up or down, it's about where you keep your bitcoin and whether you'll be shut out (or not) from the alternative bitcoin version that could be created as a result.
Segwit could still result in two bitcoins.
A safer alternative to exposing yourself now would be to spend your investment on Ethereum or Litecoin. Both have been relatively more stable than Bitcoin and Litecoin could even see another pop up to the $100 mark this summer.
Well, I don't think investing in other coins was part of the Q., but maybe it was. I would say, start buying now, split the 15,000 into 2. Buy half before August 1 and buy the rest after Aug first. Buy slowly before and buy slowly afterward. When the price drops, you will get more for your money. When BTC forks, you will have 2 different bitcoin piles. So if you have 100 Bitcoin before the split, you will have 200 after the split. No need to worry about it. Both piles are safe. You will be able to sell both afterward, but you will need to do a little reading on that subject.
Ethereum is an 80% pre-mined coin and is also a centralized benevolent coin.
Litecoin would also be a good choice I think, if you want to spread your money around a little.
Bitcoin will continue to grow as more and more because every people will think bitcoin is a very good investment. At least it's all our hope
That's what we have seen in last 7 years. The journey of bitcoin has highlighted it's potential and a clear picture of the future. Currently not even 0.5% of world's population is using bitcoin but most of them are using fiat currencies. Just imagine what could happen if we could grab at least 5% share of world's population in bitcoin user base? I don't have any doubt in my mind that the price is going to rise.
10% is very optimistic figure. I want someone to prove me wrong but to be honest I don't think that much of people are using crypto currencies at the moment. I am not including the people who have just heard about bitcoin or crypto currencies and not using it. 10% of 7 billion population is a impressive milestone to reach but we are not there yet. However if we continue to grow with the same speed then I don't think that is is far away from us.
I don't think that 10% of the world's population is using Bitcoin. Less than 0.006% of all BTC wallets are holding more than 90% of all mined BTC. And 80% of all ETH is held by the creator of Ethereum, so I don't think very many people are holding much BTC or any other cryptocurrency at all. Total crypto market cap is estimated at 115 Billion, and BTC is 45 B. and ETH is 31 B. That leaves a lot of room for hedge funds and such, and a lot of people say that hedge funds have bought lots, and since the market cap has increased from 17 Billion 3 months ago until today which is a total of 115 Billion. I don't think the average public would suddenly start to buy cryptocurrencies, so that must mean that massive amount of money came from hedge funds and smart money.
We know that a few Billionaires have openly admitted to buying BTC and a few other currencies. Tim Draper bought 30,000 BTC when the US Marshals sold it on auction market in 2014, plus he also bought all the rest of those BTC that were up for auction by the US Marshals. We also know that Richard Branson been very favorable to Bitcoin and has admitted to buying BTC and BTC businesses. Bill Gates has also admitted to buying Bitcoin, but Warren Buffet has not, because he doesn't understand it. Haha.
So I think mostly smart money owns most of it.
P.S. I was very surprised to see that the market cap had increased by more 300% in 3 months. Maybe something shocking is about to happen in the world. I don't know, but that's a massive amount of money movement. It changed from 17 Billion to 110 Billion in 3 months. That's one heck of a pile of money that moved into cryptocurrencies and I would make a guess that it didn't come from drug dealers, like the media and not-so-smart money people keep talking about.
I think its smart money. That's my guess.
I' do both, but take bitcoin over gold simply because I'm a psychic and I see that in 10 years, Bitcoin would be worth 100million each.
haha.
I think it depends on bitcoin destiny. If bitcoin hard fork will success then ethereum will lost his price a lot. Because now ethereum price grows up so fast because of fear before bitcoin hard fork of some investors. My price is between 1,500-3,000$. When bitcoin price should be not less then 10,000$. I am very optimistic 
Some says bitcoin prices might goes up to 100.000 dollars. So are you sure that you're optimistic?
In 5 years, we'll be talking about the year, 2022, where bitcoin block halving will have taken place 2 years ago. We'll observe huge price movements.
Haha. Well, yes that's true. Haha. After a little thought, I would have to agree. I have noticed that BTC always double each year (on average) from each yearly low. And every time the reward halves, the angle of the growth increases equal to the half value.
But honestly, ETH is not a block chain, its smart contracts. Smart contracts are the next generation. BTC is the first generation. BTC is meant for larger money assets, not little dinky dinky chump change. I think ETH could very well be worth more than BTC. ETH is going to be used for thousands of things, like trading electricity between counties or state to state. This is contract trading.
My guess is more than BTC at some point, but I don't know if it will stay higher in price.
I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
They know, but how much do they know this is the issue that I think that they don't know much about bitcoin and/or they consider this coin as illegal or a coin that is being used by hackers or from thieves.
But I think that big investors (billionaires) are investing in bitcoin as the price is getting increased and I see more people involved in bitcoin and in crypto in general which means that the crypto world is expanding too much and too fast.
I don't 'think' they buy BTC, I know they do. Have you ever here of Tim Draper? Maybe not. He's the guy that bought over 30,000 BTC from the US marshals when the price was going down and down for 2 years and everyone was crapping their pants and all the negative people that don't understand BTC and block chaining were saying "its going down to $2 then I'm going going to buy more" Tim Draper is the guy who bought huge amounts of Tesla stock before anybody even knew who Tesla was.
How about Bill Gates? Did you know Billy bought a bunch?
How about Michael Novogratz? he claims he has 10% of his assets in BTC (or maybe i should quality myself) he has it in Cryptocurrencies. I guess i should say also, that some Billionaires are specific about other currencies. So I guess to answer your Q. better if you asking about BTC yes! If you asking about any old cryptocoin, no!
But don't be left behind, BTC is only the foundation. Next is smart contracts. Then after smart contracts is the software, (or Middleware I should say), which is not yet but in the next 2 -3 years.
Do a lot of reading and keep up! YOU WON'T BE SORRY!!
Take 5% - 10% of each paycheck and invest it in these things. You won't be sorry. It will kill you for the first 3 months of doing, then after that you won't even notice it. PAY YOURSELF FIRST.
Re: 🌟⚡⛏️💰[ANN] Giga Watt: Best Home for your Mining. Starts today!
Hello guys,
I am very new to mining, hence I will ask following questions. They will probably sound noobish. But hey, why not ask greatest community in the world for support.
I have several options to consider and I don't know which one to choose. Recently I started to consider if I should join giga-watt WTT token crowd sale and invest some money in mining. Wtt website appeared conveincing to me and whole return on investment structure seemed to be straight forward(if you see any underwater difficulties let me know). So here are following options:
1. Buying 880 watt tokens to host miner(880$) gives you an access to mine at 0.033$ kWh+ ASIC L3+ miner(1550$) from giga watt. Total investment of 2430$. With return of 10,577.89$ a year roughly. As what they advertise.
2. Buying 1500 watt tokens to host miner(1500$) gives you an access to mine at 0.033$ kWh + ASIC S9 miner(1600$) from giga watt. Total investment of 3100$. With potential return of 4,628.51$. As what they advertise.
I am not 100% sure but I think giga-watt themselves are quite limited in choices of what they can mine i think currently they support mining of BTC, XMR, LTC and ETH. But they don't have Panda miners in stock to mine ETH.
So my main concern is that I can't exactly figure out which one of those methods will be more efficient and what are the risks involved. And of course which method would you choose. Roll Eyes
In this particular moment of time returns are fucking amazing, below are current retes:
Time Frame LTC Coins BTC (LTC/BTC at 0.01076000) USD (BTC at $2,920.02) Power Cost (in USD) Pool Fees (in USD) Profit (in USD)
Hourly 0.05310134 0.00057137 $1.67 $0.02 $0.02 $1.64
Daily 1.27443215 0.01371289 $40.04 $0.58 $0.40 $39.47
Weekly 8.92102505 0.09599023 $280.29 $4.03 $2.80 $276.26
Monthly 38.23296452 0.41138670 $1,201.26 $17.28 $12.01 $1,183.98
Annually 465.16773496 5.00520483 $14,615.30 $210.24 $146.1 $14,405.06
In best possible scenario I can break even in: 62.20 Day(s)
Thats of course is magical number, rest of miner lifetime would be profitabe and I would be able to buy more hardware on the go.. and may be invest in more miners and more tokens to host those in giga-watt. So effectively, if everything comes down quite closely to projection, this is an opportunity to build my own little mining income farm in existing giga-watt facilities.. Unless I am counting something wrong in here.
I am seriously considering mining LTC with Antminer L3+ at giga-watt facilities, but lets say I'd be able to start no earlier then October if everything comes down in best possible scenario. Even if we double in difficulty and price of bitcoin goes down to 1k price of LTC would drop accordingly to 0.005btc. I am still going to be able to break even in: 922.79 Day(s)
And thats if we look at worst scenario here. Will this happen? I dont know but risk is worth it i think. Again if lifetime of this miner will last for 2.5 years(some say its around 18 months) as advertised I can consider myself lucky if it holds for 2.5 years.. But if we hit best scenario, with price of litecoin higher then 5$, then I can break even on my investment..
So lets look at potential returns in worst scenario to break even in 922 days on investment of 2430$:
Time Frame LTC Coins BTC (LTC/BTC at 0.00500000) USD (BTC at $1,000.00) Power Cost (in USD) Pool Fees (in USD) Profit (in USD)
Hourly 0.02619345 0.00013097 $0.13 $0.02 $0.00 $0.11
Daily 0.62864274 0.00314321 $3.14 $0.58 $0.03 $2.54
Weekly 4.40049917 0.02200250 $22.00 $4.03 $0.22 $17.75
Monthly 18.85928214 0.09429641 $94.30 $17.28 $0.94 $76.07
Annually 229.45459932 1.14727300 $1,147.27 $210.24 $11.47 $925.56
So my risks here are:
1. Difficulty
2. Price
3. Lifetime of miner
4. Government policy.
All of these 4 have very high odds and I cant take current price and difficulty as a solid return plan for what I will get back, current figures are based on the miner working at this particular moment of time, and my opportunity will only come around in October. I know that things can go both ways, and LTC can just go higher and returns will be even higher then planned, but I am looking at risks here not profits..
Thanks in advance to people who will respond.
I am very new to mining, hence I will ask following questions. They will probably sound noobish. But hey, why not ask greatest community in the world for support.
I have several options to consider and I don't know which one to choose. Recently I started to consider if I should join giga-watt WTT token crowd sale and invest some money in mining. Wtt website appeared conveincing to me and whole return on investment structure seemed to be straight forward(if you see any underwater difficulties let me know). So here are following options:
1. Buying 880 watt tokens to host miner(880$) gives you an access to mine at 0.033$ kWh+ ASIC L3+ miner(1550$) from giga watt. Total investment of 2430$. With return of 10,577.89$ a year roughly. As what they advertise.
2. Buying 1500 watt tokens to host miner(1500$) gives you an access to mine at 0.033$ kWh + ASIC S9 miner(1600$) from giga watt. Total investment of 3100$. With potential return of 4,628.51$. As what they advertise.
I am not 100% sure but I think giga-watt themselves are quite limited in choices of what they can mine i think currently they support mining of BTC, XMR, LTC and ETH. But they don't have Panda miners in stock to mine ETH.
So my main concern is that I can't exactly figure out which one of those methods will be more efficient and what are the risks involved. And of course which method would you choose. Roll Eyes
In this particular moment of time returns are fucking amazing, below are current retes:
Time Frame LTC Coins BTC (LTC/BTC at 0.01076000) USD (BTC at $2,920.02) Power Cost (in USD) Pool Fees (in USD) Profit (in USD)
Hourly 0.05310134 0.00057137 $1.67 $0.02 $0.02 $1.64
Daily 1.27443215 0.01371289 $40.04 $0.58 $0.40 $39.47
Weekly 8.92102505 0.09599023 $280.29 $4.03 $2.80 $276.26
Monthly 38.23296452 0.41138670 $1,201.26 $17.28 $12.01 $1,183.98
Annually 465.16773496 5.00520483 $14,615.30 $210.24 $146.1 $14,405.06
In best possible scenario I can break even in: 62.20 Day(s)
Thats of course is magical number, rest of miner lifetime would be profitabe and I would be able to buy more hardware on the go.. and may be invest in more miners and more tokens to host those in giga-watt. So effectively, if everything comes down quite closely to projection, this is an opportunity to build my own little mining income farm in existing giga-watt facilities.. Unless I am counting something wrong in here.
I am seriously considering mining LTC with Antminer L3+ at giga-watt facilities, but lets say I'd be able to start no earlier then October if everything comes down in best possible scenario. Even if we double in difficulty and price of bitcoin goes down to 1k price of LTC would drop accordingly to 0.005btc. I am still going to be able to break even in: 922.79 Day(s)
And thats if we look at worst scenario here. Will this happen? I dont know but risk is worth it i think. Again if lifetime of this miner will last for 2.5 years(some say its around 18 months) as advertised I can consider myself lucky if it holds for 2.5 years.. But if we hit best scenario, with price of litecoin higher then 5$, then I can break even on my investment..
So lets look at potential returns in worst scenario to break even in 922 days on investment of 2430$:
Time Frame LTC Coins BTC (LTC/BTC at 0.00500000) USD (BTC at $1,000.00) Power Cost (in USD) Pool Fees (in USD) Profit (in USD)
Hourly 0.02619345 0.00013097 $0.13 $0.02 $0.00 $0.11
Daily 0.62864274 0.00314321 $3.14 $0.58 $0.03 $2.54
Weekly 4.40049917 0.02200250 $22.00 $4.03 $0.22 $17.75
Monthly 18.85928214 0.09429641 $94.30 $17.28 $0.94 $76.07
Annually 229.45459932 1.14727300 $1,147.27 $210.24 $11.47 $925.56
So my risks here are:
1. Difficulty
2. Price
3. Lifetime of miner
4. Government policy.
All of these 4 have very high odds and I cant take current price and difficulty as a solid return plan for what I will get back, current figures are based on the miner working at this particular moment of time, and my opportunity will only come around in October. I know that things can go both ways, and LTC can just go higher and returns will be even higher then planned, but I am looking at risks here not profits..
Thanks in advance to people who will respond.
You have rightly guessed to make difficulty the biggest possibility for not making any money. If you take for example LTC and its increase rate of 3% -4% every time it adjusts, which is about 4 days, you are looking at around 40% per month, so if you pay nothing for electricity you still won't make any money unless the price of the coin goes up alot each month too.
Check out this difficulty calculator. http://www.vnbitcoin.org/litecoincalculator.php
You are paying too much for the miner in the first place. And if you have to wait 1 or 2 or 3 months just to get your miner, good luck. If you buy today, you might get half your money back, if you pay now and wait 30 days, you might get 1/4 of your money back.
Here is a good idea. Buy coins straight out.
You have ask yourself, if the money was so good, why are they selling this idea to somebody else? Think about like this, when is the last time you gave away to the public millions of dollars? If the money is so good, these guys can go and borrow money and mine and make millions. But the problem is the risk is too high. As soon as thousands of Joe Q. public think they can make money they go out and start mining by the thousands. This hunger drives up the mining which drives up the difficulty. This is the same rush in the 1800's for gold.
In 2013, I mined for a short period of time, when BTC went from $110 to over $1000, I was lucky to get out with a profit. It wasn't from great planning. haha. Wish somebody told me that back then.
My 2 satoshis :
I bought a XMR contract a few months ago on Genesis. It's still doing "good". Nothing incredible, but the ROI is here (I transfer my earnings to exchange sites).
It's a 2 year contract, without maintenance fees (so they can't discard it). I paid $80 and earn about $15 a month.
(and I don't even post an affiliate link )
I bought a XMR contract a few months ago on Genesis. It's still doing "good". Nothing incredible, but the ROI is here (I transfer my earnings to exchange sites).
It's a 2 year contract, without maintenance fees (so they can't discard it). I paid $80 and earn about $15 a month.
(and I don't even post an affiliate link
)Their is a difference between lucky and smart, but you buying contracts at that time is luck. I'm not saying that your not smart too, but I think it was more luck. Wait 6 months and put all your earnings back in again. I would love to hear about this success in 365 days.
This really has to be bad design on the part of the manufacturer. Never have I seen something so trivial overlooked to miners a company produces. This could hold them liable over huge damages, but they're a Chinese company anyway...
I'm guessing you haven't heard of KNC, who is now bankrupt, but made alot of BTC miners in 2013
no they are using 5 and splitting 2 into 4
so
1 single 18 gauge
1single 18 gauge
1 single 18 gauge
then a single 18 gauge that splits into 2 single 18gauge
then a single 18 gauge that splits into 2 single 18gauge
and every photo of every burnt setup shows the melt starts by the split cables.
I mention that this psu should not be used long term more then one time in my review and that I went to a rosewill tokamak 1500 watt with no issues
Yeah, that's completely irresponsible engineering right there. Too few conductors with too few connections to the hardware. And with wiring like that, I seriously question their "1600W" unit is capable of anywhere near that mark over the long haul. If it is, it's a fire hazard because the cabling simply can't support it.
Stuff like this sickens me. This crap is going to burn someone's house down.
FYI, those Tokamak units throw a ton of EMI back into the power lines. I just pulled one out of my farm because I couldn't review power supplies with it running at the same time. Too much extra noise in the oscilloscope. They kill AM radio for a block, too. I have another 1200W Enhance Titanium doing the same thing which will also come out of the farm soon. Other than that, they are good units. I'd have just kept using it if I wasn't a power supply reviewer, but I hate shutting the rigs down just for load testing so I'm migrating to units that don't do that.
Well, it seems that EMI seems to be the main possibility. After reading many of the posts, their are several complaints that point to EMI. One guy complained that he blew a capacitor, and the pictures show burning on the ground wires, not on the +12V wires and now we have somebody complaining that he's getting a lot of 'noise' from couple of his units. And if you go into the theory far enough, some experts claim that these frequencies are destructive in many ways and in many cases.
How to fix it or help it might be difficult. Some ways that might help would be to make the wires twisted pairs, which is hard to do unless you can make some fancy braiding by turning the plug back through the wire on itself a couple of times. Another method that should help is to wrap the cables with copper or aluminum foil for shielding. Steel foil will not be as good as aluminum or copper, with frequencies this high.
This frequency leak is what likely destroyed the capacitor too. The problem is magnified when you have 2 frequencies that in harmony with each other and the make it a multiplier. Another reason I think this might be the problem is because this box has the ability to do many different hashing speeds. If their is a frequency leak from two circuits and are in some kind of harmony, this will create another frequency. One or more of these frequencies seems to be destructive.
I'm guessing you don't have any bugs hanging around and no dogs. The frequency might drive them nuts. haha.
P.S. Did panda warrant the burned boards?