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Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
So, let's take a step back...
If you add up the hash rate of middlecoin, wafflepool and clevermining, that's about 60 Gh/s give or take the odd 5. There's other coin switching pools with or without direct BTC conversion and I'm sure some of them are significant, but hey-ho, you get my drift.
On the other hand, we have litecoin and dogecoin which might be around the 200 Gh/s mark. *Crucially*, everything else feathercoin, worldcoin et. al are down at the 5Gh/s or so level.
So, here we all are. Moaning about the BTC/Mh/Day. Haven't we caused the problem. Collectively?
The profits are down because several of coin switching algorithms are all doing similar things (see poolpicker for FACTUAL evidence), the OPs can't create profit because the profit isn't there. The profit isn't there because (a) the pools are too big to hit the small coins and therefore (b) there's a requirement to convert whatever there is to BTC - and that requires someone to actually want piles of crapcoins nobody wants. Am I missing something here ?
I can imagine that people with 100's of BTC from the early days want to diversify, which drove things for a while. but there has to be a limit doesn't there ??
It is noticeable that H20 has been carrying 200 BTC of uselessness for ages on middlecoin - so even his back door trades have dried up. We are lucky, we have an organised and transparent OP, but the guy can't create money out of nothing. If there is no demand not much we can do...
Or...Is it all down to thousands of gridseeds coming online ? The litecoin hashrate keeps going up and I can't believe it's all down to AMD selling loads of 290s..
So what do you think ? Is the current profitablity just a blip, or have the big coin switching pools simply forced us to accept what we all know. CrapCoins are crap
If you add up the hash rate of middlecoin, wafflepool and clevermining, that's about 60 Gh/s give or take the odd 5. There's other coin switching pools with or without direct BTC conversion and I'm sure some of them are significant, but hey-ho, you get my drift.
On the other hand, we have litecoin and dogecoin which might be around the 200 Gh/s mark. *Crucially*, everything else feathercoin, worldcoin et. al are down at the 5Gh/s or so level.
So, here we all are. Moaning about the BTC/Mh/Day. Haven't we caused the problem. Collectively?
The profits are down because several of coin switching algorithms are all doing similar things (see poolpicker for FACTUAL evidence), the OPs can't create profit because the profit isn't there. The profit isn't there because (a) the pools are too big to hit the small coins and therefore (b) there's a requirement to convert whatever there is to BTC - and that requires someone to actually want piles of crapcoins nobody wants. Am I missing something here ?
I can imagine that people with 100's of BTC from the early days want to diversify, which drove things for a while. but there has to be a limit doesn't there ??
It is noticeable that H20 has been carrying 200 BTC of uselessness for ages on middlecoin - so even his back door trades have dried up. We are lucky, we have an organised and transparent OP, but the guy can't create money out of nothing. If there is no demand not much we can do...
Or...Is it all down to thousands of gridseeds coming online ? The litecoin hashrate keeps going up and I can't believe it's all down to AMD selling loads of 290s..
So what do you think ? Is the current profitablity just a blip, or have the big coin switching pools simply forced us to accept what we all know. CrapCoins are crap
You just wrote what has been on my mind for month... We are probably enjoying last days of sustainable multi pool profits. Curios to see how market re-shapes in the next few month.
+1 and didnt even see the real asic miners coming in...
Guys, you should chill.
Even thought I no longer hold any PETA shares,my sell order triggered when the price spiked 2 weeks ago, It is clear,in my opinion, that Cryptx is putting a lot of effort in getting the rigs.If you do not think that this reasoning is enough just enter in contact with bitmine or search cryptx past record, so you can put your mind at rest and trully decide something.
Even thought I no longer hold any PETA shares,my sell order triggered when the price spiked 2 weeks ago, It is clear,in my opinion, that Cryptx is putting a lot of effort in getting the rigs.If you do not think that this reasoning is enough just enter in contact with bitmine or search cryptx past record, so you can put your mind at rest and trully decide something.
Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company
Now that there are only 1/4 of the IPO left, I think, too, that the wisest think would be to wait 1-3 month, and them sell them at market price.You are providing a good level of comunication and have a business plan, I dont see how this wont take off once people see the dividends flowing.
This is a honest question: How can I contribute if I am not good at coding? I am finishing my undergrad studies in Math but I never did a lot of coding except in MATLAB. I really would like to help but I dont know how
Actually there is a record of the profits in his web page.I Know it requires a bit of trust because the "stock" wasn't properly listed at that time.
Yes the twitter spans a lot of messages but if you dig, you can find some manual post. For example, you can learn in what town he lives.
I would be enclined to belive this was a ponzi scheme if he continually sold more shares at cryptostocks and thus would keep growing his funds.I know that you can still run a ponzi without issuing more shares but this is not , in my opinion, the most profitable way to scam people.
I know all that I said doesnt guarantee anything, I am just explaining what I see.I do think you offer valid criticism but I do think too that you choose to view the situation on a more pessimist basis, wihch doesnt imply you are wrong.
To end my point: In my view the OP is just a guy who does his trading and thought it would be intertesting to raise some money to earn more(he states that 10% of the profits are his fee). I DO NOT belive he is ill intended, but this is just my opinion and I could be wrong, anyway I choose to risk and invest in the stock
his site: http://www.wolftech.net.au/WolfInvest/ and http://www.wolftech.net.au/
Yes the twitter spans a lot of messages but if you dig, you can find some manual post. For example, you can learn in what town he lives.
I would be enclined to belive this was a ponzi scheme if he continually sold more shares at cryptostocks and thus would keep growing his funds.I know that you can still run a ponzi without issuing more shares but this is not , in my opinion, the most profitable way to scam people.
I know all that I said doesnt guarantee anything, I am just explaining what I see.I do think you offer valid criticism but I do think too that you choose to view the situation on a more pessimist basis, wihch doesnt imply you are wrong.
To end my point: In my view the OP is just a guy who does his trading and thought it would be intertesting to raise some money to earn more(he states that 10% of the profits are his fee). I DO NOT belive he is ill intended, but this is just my opinion and I could be wrong, anyway I choose to risk and invest in the stock
his site: http://www.wolftech.net.au/WolfInvest/ and http://www.wolftech.net.au/
Lol, People are so rude.
There is the old site : http://www.wolftech.net.au/WolfInvest/
Disclaimer: I Have some money invested in Wolftech, but I am not associated with the op in any other , or more profund, situation
answering to some questions:
"Them we should trust you wont take our money and run" . I agree that this is a possible situation, but there are a lot of things that makes me thing otherwise, they are:
-there are only 5k shares in circulation, totaling 50 btc. I dont think that if this was a scan he would scan for so little
-there are regular divident without issuer flooding the market with more shares
-He has a twitter account with a lot of personal information
"If you are such a good trade, why you need funds"
-let me explain you something, independently if you trade bonds, stocks what whatever: 0-8-2% ROI a week is HUGE.And probably only possible because this is a nascent market.Of course you have traders that do more, but they are the same that risk more and get completly screwed after some bad move.
"So you dont have any propietary software etc etc"
- I am , personally, tired of those announce at cryptostocks like:"ow we are insane, we have this huge software that is SUPERB,we need a lot of money in the IPO". If you ever traded in your life, you know that software can help but truth is that you can live without it, automotation is good, but dont EVER trust a "black box" software.Let me clarifiy something: He is not pretending that he is doing high frequency trading, we dont even have liquidity for that, he is a simples trader, he doesnt not necessarely need a huge software.
I know that can be drawbacks and etc... But the huge criticism without a proper assessment of the situation isnt nice.
There is the old site : http://www.wolftech.net.au/WolfInvest/
Disclaimer: I Have some money invested in Wolftech, but I am not associated with the op in any other , or more profund, situation
answering to some questions:
"Them we should trust you wont take our money and run" . I agree that this is a possible situation, but there are a lot of things that makes me thing otherwise, they are:
-there are only 5k shares in circulation, totaling 50 btc. I dont think that if this was a scan he would scan for so little
-there are regular divident without issuer flooding the market with more shares
-He has a twitter account with a lot of personal information
"If you are such a good trade, why you need funds"
-let me explain you something, independently if you trade bonds, stocks what whatever: 0-8-2% ROI a week is HUGE.And probably only possible because this is a nascent market.Of course you have traders that do more, but they are the same that risk more and get completly screwed after some bad move.
"So you dont have any propietary software etc etc"
- I am , personally, tired of those announce at cryptostocks like:"ow we are insane, we have this huge software that is SUPERB,we need a lot of money in the IPO". If you ever traded in your life, you know that software can help but truth is that you can live without it, automotation is good, but dont EVER trust a "black box" software.Let me clarifiy something: He is not pretending that he is doing high frequency trading, we dont even have liquidity for that, he is a simples trader, he doesnt not necessarely need a huge software.
I know that can be drawbacks and etc... But the huge criticism without a proper assessment of the situation isnt nice.
Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company
Don't worry about the IPO not selling out.
Based on watching previous IPOs on Havelock, there's a lot of last-moment purchases.
Based on watching previous IPOs on Havelock, there's a lot of last-moment purchases.
That was the case with SFI but not PETA. Hopefully interest will drum up later on.
On a side note, I got word that a local *big* multifamily project is complete. I was hired by a large lender to do contract work for valuation and was proven pretty darn right.
16 two-family 2 bed townhouses (Total of 32 units)
Purchase price - $250,000
Total rehab needed - $480,000 ($15,000 per unit).
Total cost - $730,000
Monthly income per unit $699 (Up from $450-$500 in their old, dilapidated state)
Total yearly complex income - $268,416
36.8% basic return per year.
let's throw out some money, everyone empty your pockets
Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company
Why dont we do a mix of the 2 options?
Once the IPO is lifted you let , lets say, 10% of the shares at the IPO prices, so it doesnt becomes a HUGE sell wall and the prices can float once there is enough demand. After 1 month, or some other period, you drop another 10% at the actual market price or at the the original IPO price(the highest between both), and so on.
I know that this system has its problems but it tries to conciliate both interests.But if we do have to chose one option I think the most helpfull one , at least in the long run, would be to have some shares to be sold to raise money. I dont necessary like this because I could need the money before the shares are sold but at least it brings a prospectus of growth .
I know that it would be better to have sold all the shares, but let's be honest, 50% of shares sold is a HUGE deal. PETA closed IPO with a HUGE HUGE amount of unsold shares, since its IPO closure it started mining and the shares more than doubled in price. I really belive, that the better options would be a escaleted growth: You raise some money, buy some properties investors, see the return, price rises, more share are issued, more properties are bought and so on... Normally this wouldnt , technically, raise the shares price but you said that once we hit a certain level there can be some leverage so share prices could rise.
I do appreciate the quartely audits and everything you said in the last thread and I personally belive that if this is done right and the reports are good it will raise visibility, transparency and trust and when the dividends start to appear(I know it takes some time) the price of the shares will go up and captialization will be easier
Once the IPO is lifted you let , lets say, 10% of the shares at the IPO prices, so it doesnt becomes a HUGE sell wall and the prices can float once there is enough demand. After 1 month, or some other period, you drop another 10% at the actual market price or at the the original IPO price(the highest between both), and so on.
I know that this system has its problems but it tries to conciliate both interests.But if we do have to chose one option I think the most helpfull one , at least in the long run, would be to have some shares to be sold to raise money. I dont necessary like this because I could need the money before the shares are sold but at least it brings a prospectus of growth .
I know that it would be better to have sold all the shares, but let's be honest, 50% of shares sold is a HUGE deal. PETA closed IPO with a HUGE HUGE amount of unsold shares, since its IPO closure it started mining and the shares more than doubled in price. I really belive, that the better options would be a escaleted growth: You raise some money, buy some properties investors, see the return, price rises, more share are issued, more properties are bought and so on... Normally this wouldnt , technically, raise the shares price but you said that once we hit a certain level there can be some leverage so share prices could rise.
I do appreciate the quartely audits and everything you said in the last thread and I personally belive that if this is done right and the reports are good it will raise visibility, transparency and trust and when the dividends start to appear(I know it takes some time) the price of the shares will go up and captialization will be easier
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
Just an update. It'll be quick because I've been glued to the computer for the last 17 hours and I'm just falling asleep.
The pool continued to have severe issues today and I've spent most of the day debugging the new stratum software implementation. Luckily I had some help and everything has been solved around two hours ago. The errors are no longer showing up and rejects should start coming back to normal. Yesterday's problems hurt our profitability as we were losing some percent of mined blocks due to some bugs. All of this is already solved and you should expect profits graph going up and rejects graph going down.
Payouts/unexchanged amounts. We've been waiting several hours for Cryptsy withdrawal. It finally went through and half of the unexchanged balance were paid out. The other half are coins that were exchanged elsewhere, not at Cryptsy. They were exchanged manually or semi-manually at a places without a trading API and I need to fetch data about these trades to database for accounting (so that the app would know at what price these coins were actually sold). I couldn't deal with it today as I've been 100% busy with tech problems. I'll do tomorrow and then they'll be cleared for payout.
EU and Asia servers. I think we're finally on track with launching them. I don't expect any more troubles and the current implementation seems to run stable. This is finally something I can replicate into more servers (and I will finally have time for this because I've been basically fighting fires for the last X days here). So my best guess for these servers to launch is Tue/Wed if nothing unexpected happens.
Thanks again for sticking with me and let's all have a great, very profitable and low-reject day today!
The pool continued to have severe issues today and I've spent most of the day debugging the new stratum software implementation. Luckily I had some help and everything has been solved around two hours ago. The errors are no longer showing up and rejects should start coming back to normal. Yesterday's problems hurt our profitability as we were losing some percent of mined blocks due to some bugs. All of this is already solved and you should expect profits graph going up and rejects graph going down.
Payouts/unexchanged amounts. We've been waiting several hours for Cryptsy withdrawal. It finally went through and half of the unexchanged balance were paid out. The other half are coins that were exchanged elsewhere, not at Cryptsy. They were exchanged manually or semi-manually at a places without a trading API and I need to fetch data about these trades to database for accounting (so that the app would know at what price these coins were actually sold). I couldn't deal with it today as I've been 100% busy with tech problems. I'll do tomorrow and then they'll be cleared for payout.
EU and Asia servers. I think we're finally on track with launching them. I don't expect any more troubles and the current implementation seems to run stable. This is finally something I can replicate into more servers (and I will finally have time for this because I've been basically fighting fires for the last X days here). So my best guess for these servers to launch is Tue/Wed if nothing unexpected happens.
Thanks again for sticking with me and let's all have a great, very profitable and low-reject day today!
Thank you very much for the update Terk.
Just to add, and New York based(or close to it) server would be great. I can get close do 110 ms from Brazil to New York but only 220 to the current server, this havent been a serious issue thought.
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
I just jumped up to 60% rejected user shares...CGminer showing them as rejected (low difficulty share) but even so that's a bit concerning how high it just jumped when it was steady at 5% or less for the past few hours. This is happening on all 3 of my rigs too?
It's now leveled off and dropped down to 40% or so...
It's now leveled off and dropped down to 40% or so...
Im having this exact same thing, also moving my hash somewhere else until this is fixed. Its just gets everything rejected, by either that or stratum etc etc...
Makes no sense, since yesterday everything was fine up until this morning... Im kinda tired of all this rejected...
The funny thing is that my reject rate was around 60%, speccially in one 2Mhs rig, where it just seems that everything went rejected.
Cgminer wen't AWOL for me too, 100% rejects (low difficulty share). Restarted cgminer and it went back to normal. Really need to add some monitoring to automate this.
I was getting this, had to restart the miner 2 times in 6 hours. I am having to babysit the miner
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
Hey Terk,
A quick question regarding the "BTC/day per Mh/s" value.
Is it based on accepted hash rate only, or does it include the rejected hash rate as well?
A quick question regarding the "BTC/day per Mh/s" value.
Is it based on accepted hash rate only, or does it include the rejected hash rate as well?
Accepted only
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
Terk, I have a problem, my reject rate had stabilized at 2-3% below the pool`s reject, them out o the blue they become consistenly higher than the pool's.
http://www.clevermining.com/users/1GWKr5FFQapZwVHadq86yX1bE6tPhLDN26
this is the second time it happens today
last time i had to stop all miners, switch to another pool for 10 min and after I got back everything was back to normal
My miners began to receive this reject message: Low difficulty share
this is really strange
my internet has been fine, no disconnects whatsoever
prior to the changes my reject rate used to have a pattern but they never became so higher than the pool's for such a long time
Thanks for your effort
http://www.clevermining.com/users/1GWKr5FFQapZwVHadq86yX1bE6tPhLDN26
this is the second time it happens today
last time i had to stop all miners, switch to another pool for 10 min and after I got back everything was back to normal
My miners began to receive this reject message: Low difficulty share
this is really strange
my internet has been fine, no disconnects whatsoever
prior to the changes my reject rate used to have a pattern but they never became so higher than the pool's for such a long time
Thanks for your effort
Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit
More informations like : Expected return, next moves, how you are expecting to position in the market, status of the legal situation. After reading the whole thread I get the feeling that you know what you doing in terms of expertise but lack hte business acumen.I want to invest but with so few information proper valuation and risk measure are way subtle.
Here is an example of what I think would be a good lvl of comunication:
https://www.havelockinvestments.com/fund.php?symbol=RENT
(this is the page of a real state firm in central Ohio that funded itself in bitcoin through Havelock, pay attention to the business plan)
Here is an example of what I think would be a good lvl of comunication:
https://www.havelockinvestments.com/fund.php?symbol=RENT
(this is the page of a real state firm in central Ohio that funded itself in bitcoin through Havelock, pay attention to the business plan)
this isnt nice, of course cryptsy can argue that the operation started to be deployed within the time frame but it isnt honest, I wouldnt do that. Are we going to receive the dividend like if we were hasing at full power since 14 february? If not you are acting with "bad faith"(I dont know how you say that in english).I am holding this share till prices hit a fair value then I am leaving
The insurance was at place to protect us, the shareholder, and when it is just going to do that you use an interpretation that beneficts you.
The insurance was at place to protect us, the shareholder, and when it is just going to do that you use an interpretation that beneficts you.
more miners arrived, we are mining at 30 Th/s now
It would be really nice if criptx laid a reinvestment plan and adress the issue of +20% of february and the extra units cointerra is shipping because of the underperformed units
I understand that things are probably rushy with the miners coming in, so it doesnt need to happen now but is is important to have a clearly laid down plan.It would help everyone and the prices of the shares would probably stabilize in the "fair value", just look how it jumped only because we started hashing.There is a communication/trust problem, it isnt groundbreaking but it is certainly there
It would be really nice if criptx laid a reinvestment plan and adress the issue of +20% of february and the extra units cointerra is shipping because of the underperformed units
I understand that things are probably rushy with the miners coming in, so it doesnt need to happen now but is is important to have a clearly laid down plan.It would help everyone and the prices of the shares would probably stabilize in the "fair value", just look how it jumped only because we started hashing.There is a communication/trust problem, it isnt groundbreaking but it is certainly there