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Showing 20 of 83 results by HerkulesBee
Bitcoin is a scarce digital asset. The demand is rising as you can see with the help of rising transaction numbers. The supply will drop 50% in 07/2016.
Every time someone says that the "supply will drop 50%", God crushes a kitten. Please don't kill any more kittens.
The "supply" is not halved. The production is halved and there is a fundamental economic difference between the two.
....the daily supply of new minted coins will be reduced by 50%, right? ;-)
Bitcoin is a scarce digital asset. The demand is rising as you can see with the help of rising transaction numbers. The supply will drop 50% in 07/2016.
1) Demand for BTC rising permanently
2) Daily supply halving in 07/2016
3) Price skyrocketing before 07/2016 because of speculation
4) Price remaining significantly higher than before the price spike
5) The incentive for the miners will be held alive because of higher BTC price despite decreasing supply.
Thats just my personal opinion but also for sure a very likely scenario :-)
1) Demand for BTC rising permanently
2) Daily supply halving in 07/2016
3) Price skyrocketing before 07/2016 because of speculation
4) Price remaining significantly higher than before the price spike
5) The incentive for the miners will be held alive because of higher BTC price despite decreasing supply.
Thats just my personal opinion but also for sure a very likely scenario :-)
Re: Genesis-mining.com || World's leading hashpower provider!
Hello Genesis Mining Team!
What is the best discount that I can get for 5000$? What is the promo code with the biggest discount? I know that there are multiple promo codes circulating through the net. I would like to invest more
What is the best discount that I can get for 5000$? What is the promo code with the biggest discount? I know that there are multiple promo codes circulating through the net. I would like to invest more
I have very good experience with the Mycelium App for Android.
Yes, me too. Although you have to be in a major city otherwise there will be no people and ads available to buy or sell to. But yeah, a great way to buy coins!
If you have a car you will get Bitcoin with Mycelium always within 30 minutes :-) thats my experience :-)
I think after the blocksize debate is over and after there is a good scaling algorithm integrated I see for Bitcoin following use cases with potentially exponential growth:
1) Digital cash for ever day use
2) Underlying protocol for any kind of trustless verification
3) Store of purchasing power
1) Digital cash for ever day use
2) Underlying protocol for any kind of trustless verification
3) Store of purchasing power
Re: Genesis-mining.com || World's leading hashpower provider!
anyone else notice they are pretty quick to reply to support stuff but NEVER answer our pool or ROI questions? 
maybe they prove me wrong and address that! haha
maybe they prove me wrong and address that! haha
We have answers to those in our FAQ and always have for a long time.
www.genesis-mining.com/faq
Yeah but your answers are a non-sense.
There is not reason not to show to your customers : your total hash power / the blocks you mined / the pools you used
The ROI is another problem because no one can ROI with GM. And if you complain they delete your posts & don't answer support tickets.
if those questions are answered i will buy 5-10 th
With current Bitcoin Price and a new Conract with 0.0012 Fee, the ROI is 218 Days
Don't know why they don't show the mined Blocks. Security Reasons i guess.
If you don't have a account yet, would nice if you use my ref-link https://www.genesis-mining.com/a/8611
I'll correct you : it's 218 days if you think difficulty will always stay the same.
Fact is : in 200 days, difficulty will probably increase of at least 100%. You will win less and less, and someday you will not win enough to cover the fee and GM will cancel your contract before you ROI.
+ There is no security reason which can justify not to show the mined blocks. PB mining was saying just the same in the past : we all know what was the real reason behind this secrety...
I am reading your posts now for a long time. All your regular/permanent posts regarding Genesis Mining are negative. What is your problem with GM? Do you have a contract with them and you dont get payouts?
I have multiple contracts bought in the last year and everything works fine. I dont get why are people like you complaining all the time. Since the BTC price rose in the last couple of days the payouts got much higher also. Its satisfying to see more BTCs coming in.
Mining is a risky thing, we all know that - but there is nothing to blame GM for from my point of view. They deliver what they promise.
Re: Genesis-mining.com || World's leading hashpower provider!
A short update on the current situation:
Due to recent price increases we are experiencing very high volume and demand. Also we hear a lot the question whether we are increasing the prices now as other services do.
To clarify the situation: Although we cannot promise how long we will be able to keep the sales open and match the demand, we will promise you that we are not increasing the prices now and that you can continue to purchase for same prices as before.
You can be sure that we are doing everything we can to expand our capacities as fast as possible.
Thank you for mining with us!
Marco Streng
Due to recent price increases we are experiencing very high volume and demand. Also we hear a lot the question whether we are increasing the prices now as other services do.
To clarify the situation: Although we cannot promise how long we will be able to keep the sales open and match the demand, we will promise you that we are not increasing the prices now and that you can continue to purchase for same prices as before.
You can be sure that we are doing everything we can to expand our capacities as fast as possible.
Thank you for mining with us!
Marco Streng
Thank you very much guys!!! I bought last year and will buy now again!! Great service.
Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
Just for your information: I have modelled the payouts and income from Bitcoin Cloud Services. They are now probably paying out more BTC to their users than they receive as income from new users. For the period from Apr 23 to May 5 they probably lost approx. 25 BTC each day.
Draw your own conclusions...
Draw your own conclusions...
What if they had got 25+BTC before April 23?
I used my model to calculate that as well. In the past they made (huge) profits. This is the first time they are losing Bitcoin for a period of time.
It is very likely that Bitcoin Cloud Mining is a Ponzi scheme. As such they will probably not want to run on a loss for a long period of time. If they continue to lose money, I would expect them to shut down the operation in the next couple of weeks.
Heh. We ll see how good are your forecasts. For the sake of people who invested there, I home your are wrong.
They lost 60-70 BTC/day in the last two days. Thus, they might try to make a new offer to boost their sales one last time. After that the Ponzi will collapse. Unfortunately, there is no hope in this case.
I made some investigations and came to the same conclusion like wintermute. look here: http://imgur.com/vloNN4K
And Wintermute is right about the last try to boost their income. They offer "ONLY THIS WEEK" 2 years contracts for the price of 1 year - look here: https://www.bitcoincloudservices.com/
Re: Genesis-mining.com || World's leading hosted Scrypt hashpower provider!
Hey Genesis Team!
I have since a couple of month a contract with you and I am very happy to see my daily incomes
Now the time is coming to reinvest my earnings and I wonder what would be the best time to reinvest? Will there be a pricedrop of your contracts in the next period of time? Will you have maybe special offers for the Black Friday?
I have since a couple of month a contract with you and I am very happy to see my daily incomes
Now the time is coming to reinvest my earnings and I wonder what would be the best time to reinvest? Will there be a pricedrop of your contracts in the next period of time? Will you have maybe special offers for the Black Friday?
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
any updates/upcoming news?
every time after synechist & teka didnt deliver any special news for days, there was a firework of news afterwards......so, we didn´t have special news/updates for a couple of days
what could we expect when we expect history to be repeated? Hah. You guessed it.
I am following XC since May on a daily basis and I know now that there is serious & continuous development happening. It it absolutely amazing what you guys are doing. Love to be a part of this.
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
any updates/upcoming news?
every time after synechist & teka didnt deliver any special news for days, there was a firework of news afterwards......so, we didn´t have special news/updates for a couple of days
what could we expect when we expect history to be repeated? Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
the 12,000 XC sell wall on cryptsy was just eaten :-)
who was it?
who was it?
When people throw XC out there in such a huge chunk and at such ridiculously low price, it will get eaten... alive.
Must be somebody who understands what XC means. It is a perfect time to fish XC in the calm sea. The market is so calm and the price so undervalued.
It´s always the same. I just wonder why people cant wait to buy when the price is 3x higher then now but are cautious when the price is really cheap like now......crazy people - sheeple :-)
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
The mobile wallet is about to be unleashed and whales just realized it? 
Mobile is coming right after the group xchat is finished...
but lets not forget how XC's mixing technology is the most advanced in the marketplace to-date - I'd like to see any other coin compare to this
https://ip.bitcointalk.org/?u=http%3A%2F%2Fs8.postimg.org%2Fces4itd5h%2FXC_anon_spaghetti.png&t=544&c=q2q75gYW2DamXw
this is really awesome
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
bitrex is going to become the first xc and alts exchange fortunately I withdraw all my oins from mintpal before the madness started...we got nice volume now
Bittrex and Polo are my 2 favorites, I just watch where's the biggest volume for a wanted trade... Bittrex has descend 2FA, Polo just captcha I believe
cryptsy has the hightest volume today more than 24 BTC
nope...Bittrex is now at 59 BTC Volume
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
Hi XC Community!
We are proud to announce that we are implementing XC to our mining platform. The implementation will be done until next week. All of our users who mine scrypt will be able to allocate their rented hashpower to XC. Our multipool will mine the most profitable coins and exchange it automatically to XC.
We will communicate this over all our public PR channels and also to our 10,000+ active mining users.
We hope that you like our decision.
Yours,
Genesis Mining
We are proud to announce that we are implementing XC to our mining platform. The implementation will be done until next week. All of our users who mine scrypt will be able to allocate their rented hashpower to XC. Our multipool will mine the most profitable coins and exchange it automatically to XC.
We will communicate this over all our public PR channels and also to our 10,000+ active mining users.
We hope that you like our decision.
Yours,
Genesis Mining
Anyone know if this would be profitable? Or just easier to buy XC on the exchange?
Genesis Mining is not a multipool but a cloud mining provider. The question is not do we need them but how many of their customers will love to mine XC. They are the worlds Nr. 1 scrypt cloud mining service.
This is fucking HUGE for XC!!!!!
Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
One poster before me (I can not find the post anymore) claimed that the userbase is not growing. I made a screenshot on 09/10/14 (5329 Top N addresses) and 09/20/14 (6241 Top-N addresses). The number of used wallets has grown 17% in 11 days!!!!
Please check these screenshots:
http://imgur.com/OOrHoaK
http://imgur.com/FeivKzz
You can also see that the wealth of the Top-N addresses is decreasing. The distribution of XC is improving dramatically. Around 70k XC moved from the Top 10 addresses to the userbase.
1) The userbase is growing
2) Wealth distribution is going south
XC is developing very well. It will skyrocket for sure after the team launches the Mobile App.
Please check these screenshots:
http://imgur.com/OOrHoaK
http://imgur.com/FeivKzz
You can also see that the wealth of the Top-N addresses is decreasing. The distribution of XC is improving dramatically. Around 70k XC moved from the Top 10 addresses to the userbase.
1) The userbase is growing
2) Wealth distribution is going south
XC is developing very well. It will skyrocket for sure after the team launches the Mobile App.