No one can argue though that blockchain tech is not highly innovative and disruptive, because it is both.

  might not be a plain'n'simple believer, but I sure am a supporter No argues on that one

My point is that the Blockchain will be used for so much more than money - it might be another version/interaction of it, though, because the power lies in the concept, not any particular implementation.
And there are, most certainly, more than a few shortcomings in the current ones, specially towards the methods necessary to keep the chain going and secure, aka, POW/POS and the distributed network needed to keep it all solid.

We - those in and around crypto - might be the frontrunners for now, but that will change for sure.

Everyday now, more and more people realize the advantages of having a trustless open public ledger - and that can be used for any payload, anything we want, as long as it can be represented in a binary form.

Once this concept stops being associated with only cryptocurrencies, then the fun begins

As for the coins themselves, be it BTC or any other coin for that matter, maybe they'll be around, as money, or as a simple means of transactional-based value or something else we don't foresee right now
But I don't see this particular generation of coins as the ones that will make the push into mainstream, that's all.

But i'll keep pushing anyway, 'cause whatever we may be doing right now, it will be the basis of what's to come, one way or another.

Jan, they're all special, none is any less than the other - you may either trust them all or none at all.

The fact that you're more fond of some than others doesn't give them any added value except for you.

The problem with personal valuations is that unless they converge in big numbers into one set, the valued assets aren't

If you think it through you can see it: Euros, dollars and all the other legal tender around the world are only worth because we all agree they are ... and as such, we accept them as trading tokens and carry out hour lives using it.
In that sense, *any* cryptocurrency can become useful. Hell, *anything* can become useful as a trading token - just go through history and check everything that has been used as money throughout humanity's journey

But that won't happen without a good reason for it. Believing it, I'm afraid, is not enough.

I know you try hard to achieve that goal - and that's why I advise you to restart the coin from scratch this coin is already tarnished with the same as all the others: someone is waiting it to become valuable enough to cash/trade in ... and be done with it. Even holding 25% of the coin won't give you the empowerment to face that - it's human nature.

To conclude, I emphasize my recommendation once again:  start over fresh and anew. I know that you're "enchantment" is with the name and know you "own" it

You misunderstood me: I said BTC is still the only one with *some* practical, real life use today. That's all.

I know as much about the future as the next guy, i.e., I know *nothing*  

There's a war against money going on (it has been for some time now) and it looks like coins and bills are going the way of the dodo ... but there's also a war on anything decentralized and non-government controllable, so crypto is in for the same fate, I'm afraid.
I said this more than once in several places: the innovation is the blockchain, not the coins themselves

So, these technologies will probably be the foundation and core of the future "money" ... but it will be very difficult, without a  major shift or disruption to current affairs, for *any* current cryptocurrency to be useful in that future.

And it's finally yours   Good luck Jan, your perseverance led you here, may it take you ahead too.
And the same goes to all those that have been with you - If I'm not mistaken, you are the very last of the original holders of the coin ... and certainly the only one left from the initial team.

Word of advise though: unless you're about to become a programmer with skills to match a crypto endeavor and rescue ENRG, you better get a new dev to pick up and continue the work.

My two cents on ENRG: since you now "own" the name and can make a claim about it, perhaps a complete reboot of the coin would be the best way forward. It would allow for a fresh start on all fronts, including developing the coin with code anew

Whatever way you all go, good luck


(PS - yes, I never stopped reading the thread. But I'm not in to believing anymore ... this coin or any other. So, there's only one that as some real world use, the original BTC. Take care)

Well, once again, it's mostly the work of a few (if not only one) ... I'm afraid I'll have to be honest here and state a less than positive news: That's the last time I'm doing it.

I used to have millions (at one time, I had more than the foundation), I gave away millions, I sell a few too ... and always bought higher ... always lost money, to support this coin ... while the rest of you turned in to fat cats and complained about it ... and kept on complaining that nobody post, etc, etc, etc.

I supported until there was nothing left, zero. And though about leaving it for good. But I didn't ... again ... to my own loss.

Last night I was the one that raised the floor all the way up and the one that put up some more buy support @50 ... on average, my now meager ENRG stake cost me around 77 satoshi. Think about it, because most of you bought for half less or lower!
There's already some more higher buy offers ... and some more lower sells. But it's already stalled ... no activity.

I have been the major player in all pumps that this coin has had, always trying to keep it up in price ... but most importantly, to keep the volume up.

At this time, the only thing you can do with it is trade! There is nothing more, yet. But if this goes on like this ... there will never be!

So, this is my last request and the last time I'm posting on this thread: the coin is worthless if it's not used. TRADE! A LOT!


You must not hold it! You must keep on selling and buying it, even if only to yourself, like I did a great many times - the fees are low enough to support it.

As for me, I have lost quite a bit on this, so I'll be blunt: dumping what I bought last night for a loss no longer makes a difference. If the current holders do not step up to the game, that's bound to happen. But I won't be around again to help out.

Over and out.

Now, this never happens in here, does it? The irony is insane!

There is no other crypto-related forum where "blind-faith believers" hangout more than this one ... (maybe some reddit ones, but this is still huge on that)
It's usually bloody, useless, messy and downright outrageous the way *most* threads in here tend up to be ...
It has come to a point where it's utterly impossible to find a decent thread, where people behave rationally and are actually trying to discuss things ...

Thank you for that pearl of a speech! Such wisdom and enlightenment! Now I completely understand Scoot's arguments!
It's not personal, mind you, it's just that I can't read what you wrote and not comment that specific affirmation. But I'm glad that you're able to do it and that I'm able to give you this feedback.

Hell, there's hardly any chance of ever getting some thread in here that's actually useful for all that participate and/or read it. This one was botched like most.

Scott, sorry, your intentions were certainly good, you have a concern that you want to share - whether or not I agree, sympathize, love, hate, despise, whatever, with your point of viewand claims ... I was happy to see you willing to discuss and clarify.
Guess this forum just wasn't adequate. Perhaps you may find another venue that's better suited. Elsewhere.

Thanks anyway.

Too many transactions on your wallet. Just lower the amount until it goes trough, rinse, repeat. Nothing else you can do.

I can also suggest that you painfully transfer all your coins into Bittrex and then build a new wallet and transferred them all down in one single transaction ... That'll keeps things running smooth for a while longer.

Read my response to elasticband, I think it also answers your point :-)

I know not everybody sees that way - consider each investment per si - but that's how I stand.

Let me give you another example, without BTC:

You live in Europe and work with EUR.
You buy some stock in NYSE in USD.
The stock goes up by 10% over a year and, in the same time period, USD drops 12% in relation to EUR.

Was that stock a good investment? In terms of the stocks' valuation, it was a hell of an opportunity that paid out! 10% in a year is a very sweet deal.

Was the USD purchased to buy the stock a good investment? Hell, no. I lost 12% in a year.

If you do the math, you can see that the stock's valuation in EUR is, at the end of the period, just 92,21 % of the initial investment in EUR - I'm loosing a net worth of 7,79%. A pretty lousy deal, by any standards :-)

This little mockup shows exactly what you feel about PBmining: That it's risky.

However, it shouldn't take this much to understand that to make investments on something that can have daily fluctuations of over 5%, it's traded 24/7  and a steady decline of over 50% in 6 months ... is a very risky business!

Unfortunetly, that is the awful truth. I don't want even to remember how much those invested bitcoins cost me at the time. :-(
Also, take in consideration that I always reinvested all the payouts, so the total invested sum is higher than the actual BTC I had to invest.

So, let me be clear. The profit is in BTC. That's an old discussion here, and I always said the same: I see this as an investment in BTC. As such, it has paid out.

But in Fiat, no, it hasn't. And it will probably never will - not only is BTC/USD in decline, but I got my BTC in Euros - the drop is even more significant.

Rough estimate I would say I'm about 56% of breakeven in EUR ...

But hey, if BTC suddenly went up to 450 EUR (it's around 260 this weekend), I would be in profit

Again, for me, the investment is double:

PBmining is an investment in BTC. It pays, but considerably less and probably only worth for the first 12/18 months.

BTC itself is also an investment, in EUR. It's way off paying out ... but that's my fault. I could had joined the game when it was worth less than 100 EUR .. but I only got in when it was already down to 420 and dropping like a rock :-(

Cheers.

Yes, it's an Excel spreadsheet But the calculations are fairly simple, if you look at the columns titles It's just simple math.

If your thinking about how I get the payouts and all other information from PB's site, then don't bother : It's all copy/paste
And I've been keeping these records since day one, so it wasn't hard to have them

No fancy stuff, no programming, no APIs, parsing algorithms and whatnot. Just plain old copy/paste from one browser window to an Excel one

Hello everyone!

A few months back I shared the stats on my contracts, so that anyone could have real data to evaluate.
It's with pride that I have now reached ProfitLand in all my contracts

As such, I'm sharing the stats again. The nonbelievers and Ponzi-lovers in here will probably not like them
Since I was also one of the happy winners of Labour Day's giveaway, I'm also sharing the stats on that(bottom part) so you can get a real fell of the maximum profitability PBmining is giving - since there was no investment done on that contract, the profits shown for this contract represent the maximum you could achieve.

The best I can tell you is that by initial expectations - 20 weeks / 4 Months  for breakeven - were not met, but it was still with the 6 months / 26 weeks period that I considered this investment worth the risk.
But that was then. The current numbers are not that good - things got way worst after April 20th, the best price point ever, with only 21 weeks for breakeven .
I leave you these data so you can all do your own math and risk assessment.
The current average payout per GH/s is still higher than other cloud mining options out there, but it's no longer attractive.



Meanwhile, I will keep enjoying the next 6 months of good profit, before it all turns to mere dust levels. And the giveaway's precious compensation funds

As for the remaining years, I guess they won't matter that much, but hey, it's still profit

Have a nice Sunday, everyone

ROFLMAO

Last time, although all 4 contestants decided to split the prize and end the contest, if it went on, the winner was #12 (and I would have won it )
This time. #12 is the winner, again!

PB, there's something cosmic about 12 and PBMining, that must be properly acknowledged

How about the next giveaway taking place against the 12th block after the 12th hour of the 12th day, on the 12th month of the year? Maybe 1.2 TH/s
Oh, and I bet the winner will be ... #12, of course ;-P

Cheers and congratz to AbitBack on the prize!

PBMining rocks  

PB, you have the name wrong ... again LOL

It's SlientBit as in ... one of the winners in the last Giveaway

Let's sell how these rounds follow through ... Good luck to everyone!

UaU

Haven't seen anyone mining ENRG with PoW ! Except energycr to create the coins, LOL

It's correct - ENRG is hybrid, so PoW is still there and works, but the block reward is 0 You're just wasting energy ... please don't, it's against the coin's concept

Just buy some ENRG over at Bittrex and have it staking in your wallet It's all PoS since the distribution

The log tends to be quite verbose. Best way is to avoid it altogether, since you won't use it.
Just make sure you run your wallet with the -printtoconsole startup parameter - that way, there's nothing in the log

And yes, you may delete the log any time, as long as the wallet isn't running

And this little piggy went hashing !  Again :-P

Entry : #12

You can choose to switch it to your profile page ... just look at the link in the upper part of the profile

In that case ... I'm very happy I also decided to take the split

Not that I wouldn't like to have the 2TH/s all for myself, mind me.
It's just so much more fun this way ... and I think it'll drive more people to enter the next contest, knowing that we don't have to be greedy all the time, we don't have to win all the time ... and that there's still some of us willing to share the wealth (specially when it came with so little effort and no investment )