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Showing 20 of 23 results by MegaMike
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
Steady?! Maybe in 10 years or so. Right now every coin is a sitting duck for wealthy manipulators, even the large ones and especially the smaller ones. So, keep your seat belts fastened. The road ahead is bumpy.
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
Repeating publicly available information is an easy way to boost post count for those eager to gain "status". But it's even easier to click the Ignore option and get rid of the mad screaming blah 
I figure these "dumps" are funding development of the DAO, and a well developed DAO means EXP will be valued higher, so, buying into these "dumps" is double yummie
I figure these "dumps" are funding development of the DAO, and a well developed DAO means EXP will be valued higher, so, buying into these "dumps" is double yummie
Re: RISE | ICO CLOSED | RISE WITHDRAWAL ENABLED | MAINNET LIVE | TRADING ON BITTREX
prove of existence does nothing , people need assurance that they will make money by investing in the coin.
just launching a coin is not going to make money grow , what is the use ?
Re: RISE | ICO CLOSED | RISE WITHDRAWAL ENABLED | MAINNET LIVE | TRADING ON BITTREX
What was the ico price for this coin? Its right down at 1000 right now. If it drops to 500 i might buy some. Looks like no icos are doing very well lately. At least i can buy in at the bottom with this one. Also is there any news of this coin going to poloniex? someone mentioned in another thred that it was already trading their but that doesnt appear to be true.
All ICO's follow the same pattern: ask money for a coin nobody has heard of, make lots of promises how great it is and how much greater it will be, and then release the coin without proper plan, nothing to show for other then some blurry timeline without details, and nothing that can prove anything promised.
At this stage the only people interested are the ones that bought into the ICO. Outside this select group there is no buy support. And this group holds all the coins. So guess what happens .... price drops since practically the only ones buying, are the ones already holding coins, plus some people who buy some casue they buy a load of ALL coins, just in case....
Unless this coin is going somewhere and gets some real life prove of existence, nobody/no buy support will be interested.
Re: RISE | ICO CLOSED | DISTRIBUTION OF RISE STARTING | MAINNET LIVE | 1700 BTC+
I am beginning to wonder how capable they are really. In the meantime we are just having fun. Lighten up and have a little fun.
We aren't complaining, we are waiting for LUNCH
If they had balls and cared about their coin and their investment community, they'ld return the BTC they took and re-ICO at a later time
Re: RISE | ICO CLOSED | DISTRIBUTION OF RISE STARTING | MAINNET LIVE | 1700 BTC+
There's no proven history to add value to the coin, no direct future plan to give hope, no broad community carrying it except the sacred trust of too few to make a difference, so, no incentive at all for investors to keep the coins. It doesn't take much imagination to guess the effect of millions of coins being dumped onto the market. Hope it remains "slightly cheaper", but the unoriginal way this ICO has been done will most likely get the same unoriginal result as other ICO's.
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
Thanks for the replies guys. And for putting things in perspective. Long term the benefits far outweigh any short term effects, if there are even some of those. And we're assured a long term, which is more then I can say for some 
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
Do people still have the idea that switching to merged mining was a good thing? I should have spoken up back when the discussion was taking place, ofcourse. My main concern was that people mining Bitcoin just use the merged coins as dumpware to be sold at any price, no matter the low. Since I've seen UNO drop in value for quite some time, which is very unlike UNO, I'm worrying I might be right. But I also haven't paid close attention to current affairs and it's been decades since I visited an exchange. Excuse me for hoarding!
Any wise people willing to share their view on this?
Any wise people willing to share their view on this?
Re: Genesis-mining.com || World's leading hashpower provider!
If you are going to buy cloud mining you are safer using a company that has their own exchange so you can sell hash if your plans change.
Well this is exactly the reason GM does not want to introduce their own exchange. Cause everyone would sell, dump the price down and leave.
This has already been addressed before:
...
3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...
All the best and happy mining!
Marco Streng
3'') The question of why we are not offering hashpower trading is very good and we had long discussions about this already more than a year ago. The reason why we are not doing this is because we would need a licence for securities trading from the SEC. Most of the competitors who offered this service already received subpoenas and are not operating anymore. We have a lot of responsibilities towards our customers and doing anything that threatens our operation to that extent is not acceptable for us.
...
All the best and happy mining!
Marco Streng
According to FinCEN ruling cloud mining companies that simply pay out mined coins to the customer are not labeled money transmitters, see http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R007.pdf Others that offer markets and exchanges (where the company transfers coins on behalf of customers to other customers) can be labeled as money transmitters.
And this following article is interesting as it tells us that getting proper licenses is (too) costly, and therefor you can assume failing to defend your business in US court as not being a money transmitter is even more costly/deadly: http://www.coindesk.com/bitcoin-law-money-transmission-compliance-avoidance
So... What is safer? Investing using a company that's making sure it's still operational next year and beyond, or investing using a company that may not have the required licensing to service US customers or to operate inside the US?
Re: Genesis-mining.com || World's leading hashpower provider!
yep that's about right 2/3 going to genies 1/3 going toward you.. enjoy
Icon
Wow, that's 1/3 going to me instead of having to pay an additional 1/3 to the power company for running the equipment at my home. Thank you for doing the math for me Icon
Re: Genesis-mining.com || World's leading hashpower provider!
I hope it (and others) does get moderated. I'm getting tired of reading the same whining day in day out. Either people are smart enough to make up their own minds what's good and what's not, or they should not be investing in anything crypto at all. I'm not against good solid discussion, but a huge amount of posts here is repeating crap from disgruntled people who made a bad investment and blame everyone but themselves. I don't see why Genesis Mining is allowing those people to bother interested (real) customers, when this forum allows everyone to create their own thread and find the audience they seek.
So yeah, please maintain this thread and keep it clean from crap that adds nothing, and hopefully then we'll see relevant information again in this thread. Or close the damn thread as this way it becomes a useless pile of junk.
So yeah, please maintain this thread and keep it clean from crap that adds nothing, and hopefully then we'll see relevant information again in this thread. Or close the damn thread as this way it becomes a useless pile of junk.
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
I saw that Genesis Mining still offers a Uno option. I had switched away after merged mining, but now that the hash is under 1phs this week, I switched my 250 ghs over there back to mining Uno directly. I really shouldn't be earning much on 250 ghs with the network hash rate still in the 850 ths range, but the past 3 days in a row I've earned payouts of .1 Uno, which would seem to represent a really good run of luck. That's a great return on my hash for my contribution of about .025% of the entire network.
Here's the block where I received my payment moments ago from Genesis.
https://chainz.cryptoid.info/uno/block.dws?630769.htm
From the number of payments made to Uno wallets in this block/transaction, there seems to be a lot of people mining Uno.
It seems they paid out about 5 uno, which means they solved about 320 blocks per day out of about 480 blocks predicted each day, which would give them about 67% of the network. Now this could be very inaccurate. Just because I'm earning .1 Uno per day, others might be seeing their payout for several days of mining. We don't know. I'm not alleging anything, and I respect Genesis Mining. I just think the math is sort of interesting.
If were to speculate, based on the math I'd assume that Genesis switched all of the Uno hash over to mining bitcoin, and that it has instead implemented Uno payouts. That would get me closer to .1 uno/day. That would actually be a smart move.
I just thought this was interesting and I didn't really have anything else to talk about today. I'm not complaining about earning .1 Uno each day for only 250 ghs of hash. That's very cool. I hope it continues.
Here's the block where I received my payment moments ago from Genesis.
https://chainz.cryptoid.info/uno/block.dws?630769.htm
From the number of payments made to Uno wallets in this block/transaction, there seems to be a lot of people mining Uno.
It seems they paid out about 5 uno, which means they solved about 320 blocks per day out of about 480 blocks predicted each day, which would give them about 67% of the network. Now this could be very inaccurate. Just because I'm earning .1 Uno per day, others might be seeing their payout for several days of mining. We don't know. I'm not alleging anything, and I respect Genesis Mining. I just think the math is sort of interesting.
If were to speculate, based on the math I'd assume that Genesis switched all of the Uno hash over to mining bitcoin, and that it has instead implemented Uno payouts. That would get me closer to .1 uno/day. That would actually be a smart move.
I just thought this was interesting and I didn't really have anything else to talk about today. I'm not complaining about earning .1 Uno each day for only 250 ghs of hash. That's very cool. I hope it continues.
I doubt they would switch all of their UNO hash to one coin, why take the risk when you can spread it a little bit. But good news for UNO either way. It means there's probably both hashrate support and buying support from a large operation.
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
v0.10.0.0-blueschist
No block source...
No block source...
15 hrs later - still no block source available.
Just me??
Mine is working. Did you try it with the conf file (specifically the addnodes) as described in the first post of this thread?
multiple times on both machines..
guess ill delete the chain and restart. = nojoy
scrapped & downloaded fresh = no joy.
baffled
Nicely done
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
v0.10.0.0-blueschist
No block source...
No block source...
15 hrs later - still no block source available.
Just me??
Mine is working. Did you try it with the conf file (specifically the addnodes) as described in the first post of this thread?
Re: [UNO] Unobtanium Info & Discussion - Update to 0.10 Wallet - Merge Mine w/BTC!
I applaud you, loudly I might add, for your progressive attitude, sloopy. Hopefully someday I figure out how to make a difference (the way I like!) other then by posting a few words and be done with it 
But hopefully more people see the benefits of crypto, and more importantly, see that it's not all drugs and scam the way media are painting the picture
But hopefully more people see the benefits of crypto, and more importantly, see that it's not all drugs and scam the way media are painting the picture