Ehhh...I'm here for advice that's all. I've taken action on the advice and found new leads.

bump

You mean have the police contact localbitcoins?

I've filed a police report, could I contact localbtc myself?

I previously posted about being scammed by lencom. Someone apparently used a pseudonym to contact me.

Now through some conversations with other members it appears that lencom is posing as me on localbitcoins and getting paid via scamming another party for money and trading them for bitcoins. This is identity theft...

Lencom has verified his telephone number and his email on localbitcoins. I was wondering how to contact localbitcoins to stop this scammer and get a hold of him/her?

ok so we're back to multipool.us mining.

My main concern was if it makes more ltc/btc than mining them directly. Apparently on average it does, which is great news.

Do you mean mine ltc directly?

I went to multipool.us...It says it's currently mining Dogecoins for scrypt and the profitability is 76.46...but that is that 76.46 within a day or what? i may need a lot more than that to trade for 1 btc.

Also, after mining the profitable coin, do you immediately go to cryptsy/bter to trade for ltc/btc? or is it automated ? or can be

Is using multipool.us then exchanging the coins for BTC/LTC better than directly mining LTC? with 3 sapphire r9 280x's I'd be able to mine .7 LTC a day.

Is using multipool.us then exchanging the coins for BTC/LTC better than directly mining LTC? with 3 sapphire's I'd be able to mine .7 LTC a day.

I'm thinking of mining alternative cryptos and trading them in for BTC and LTC. The alt crypto have lower difficulty and higher profitability.

But I really don't know whether it's worth it. I'll use a GPU miner to mine for Scrypt based currencies then trade them for LTC/BTC.

i shall use 3 Sapphire  r9 280x Dual-x to mine. But I don't know how many e.g., Emerald coins, Cryptogenic Bullion, Mincoin, etc coins shall i be able to mine a day with this strategy. I'll shift between coins depending on profitability.

I am considering this strategy other than mining for LTC directly. I'm wondering if this strategy is better than mining for LTC directly.

I was thinking of manufacturing my own ASIC miners in China.

Btw, I wonder how much most people with one ASIC miner are mining nowadays

Anyone?

I know of someone who is in China but he's very unfamiliar with the details as his partner does most of the dealings with the manufacturer. He's building his own ASIC farm.

Does anyone know how much it'll cost ( i know different functionalities have different costs but a range would be good) and how long to manufacture in China (if you have experience?)

I was wondering if anyone is using https://www.kncminer.com/products/neptune. Someone told me that it mines 2 BTC a day and breaks even in 2-3 weeks?

Anyone using this?

Also, what is the waiting time for this product after ordering (I reckon a year given the backlog orders)

What's an underrated cryptocurrency and why?

Is PPcoin mining prevalent? With the cost of ASIC miners. Mining PPCoin should be prohibitively expensive to many.

What about peercoins? Can those be mined using GPU or is ASIC a must?

Why is bitcoin not tulip mania? or even why do u think it is?

I watched an interview where the respondent said the 1st wave of investors were the common folk, 2nd wave which has already taken place are the VCs(venture capitalists), 3rd wave which he predicted would be next year are the Wall Street banks. Given a that few banks already have stakes in BTC and that only 1/10 people know of bitcoins so far. The growth potential is great.

Just my opinion.

If someone could give an opinion with their rationale that would be great.

HI,

Is GPU mining for bitcoins obsolete given the ascent of ASIC miners?