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Showing 5 of 5 results by Don-Quixote
I was wondering what kind of exotic coins if any
are you mining that are not in the 50-top cryptocurrency market list? what equipment are you using? And what is the expected return?
Thanks for sharing
Thanks for sharing
its all about your cost of electricity and the price you pay for your equipment
ROI is a huge factor before (start of the year) it was insane you could paid for your investment in about 6-8 months.. today you are looking at min one year or even year and a half only to break even if price dosnt change!
plus you have to take in consideration that the life-time of the equipment will be about 2-3 years (24/7 max Performance) in very good condition and your warranty would be probably no more then a year!
in conclusion if you mine at almost free electricity and you are able to find really cheap deals i would say go for it but if you dont have any of this just buy the coins and HODLLLLL
ROI is a huge factor before (start of the year) it was insane you could paid for your investment in about 6-8 months.. today you are looking at min one year or even year and a half only to break even if price dosnt change!
plus you have to take in consideration that the life-time of the equipment will be about 2-3 years (24/7 max Performance) in very good condition and your warranty would be probably no more then a year!
in conclusion if you mine at almost free electricity and you are able to find really cheap deals i would say go for it but if you dont have any of this just buy the coins and HODLLLLL
Re: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digitalcurrency
https://www.cloakcoin.com/files/images/generall/cloak_update.png
Hello Community & Friends!
Even the hardest workers need to re-energize, so please be informed that most of Team members are about to go on their annual summer holiday (some are already there).
Cloak Team is entering vacation mode from August 01 until August 25.
During this period there will be no major updates or big news, of course there will always be someone monitoring and managing the project, but mostly from the back-office.
The community and available Team members continue the awesome work of supporting the new people arriving to the project.
http://i.imgur.com/0uuTRtb.png
We'll be returning to work after vacation and look forward to kick-off the much awaited developments in the project:
Security Audit and Open-Source release
Specialized security companies have been contacted for the code audit before the Open-Source release.
More details on that will be announced soon.
We'll be back!!!
Have fun and enjoy your vacations also.
Peace & Love
Team Cloak
What if every staking cloak wallet had the opportunity to vote on proposals submitted to the network with a 1 coin 1 vote ratio with similar passage rules as Dash's, %more yes's than no's, have this project treasury funded with 1% of the interest stake generated by all the wallets, dropping the interest paid cloak stakers to 5%, and burn unallocated coins lowering the inflation rate. I would be very willing to lose 1% to see a collective funding source created so all sorts of projects, including the dev team can be funded on an on-going basis.
The approximate current 5,000,000 coin supply has a total 300,000 coin increase this year with the 6% inflation, 1% would be 50,000 coins worth about $250,000 at the current $5 price, A nice sum for a small full/part time Dev team.
If Cloak had the same approximate market cap as Dash at $1.5 Billion, the 1% is worth $15 million per year or $1.25 million per month very similar to what Dash's current monthly budget is, $1.3 million.
What are the communities thoughts???
I like the idea. Most coins don't give 1% APR let alone 6! I'd be happy donating 1% of the staking to a wallet address that funds full time devs.
I like that idea also
We already discussed it internally and would probably realized it after open source
For sure is a hardfork required but will bring us further forward.
you have my full support i think the devs have to get some % from the coin overall in order to use that extra cash boost and to make more exposure for the coin in the main channels and hopefully also invest in extra development
cloak coin team thank you for all you have my vote