Looks like Marcelo's getting server maintenance done due to the sheer madness. Mining rewards history cleared (with them displaying payouts every ten minutes and holding a history of 250+ pages long, that database sure got cluttered) and trollbox server offline, trade server's chugging back to life. All is well and getting better serverside.

I've started learning over time, learning from my mistakes. We all make mistakes, and we improve from them. No need to shoot down a guy who's trying, eh?

Scrypt.cc's in a phase of speculation. KHS prices will rise and drop with little sight in pattern until the new rates are reflected. Then it'll likely adjust prices around the ROI period and all will be well.

Sell if you want. Buy if you want. Scrypt.cc like everything financial is a gamble. You may lose, you may win. I for one am taking this gamble. It's quite exciting.

Can't say I'm the 'admin dude' but I am an operator (temporarily until the IRC administrator of the channel perma-grants it)

We were doing a bunch of number crunching, and yes it's going to be an approximate double.

As for those with issues with deposits, withdraws, and market orders the admin is working on it. Seems the server upgrade wasn't enough, although there's a noticeable (and drastic I might add) increase in server performance. Eventually it'll all show up.

I'm personally happy with this service. Up to you how you consider that.

I take 10% of all income and purchase Bitcoin with it, which then I spend on cloud mining to help build it up over time. Now that Coinbase offers insurance in case of something happening to their master wallets, as well as offering a 'vault' I might change my payout addresses to such.

The rest is fiat, because all of that remaining amount goes to bills and college expenses.

Mike, it was 0.0017 for like...a day. I guess they updated it to 0.0019. Maybe I better start taking screenshot to show you sometime :p

Minimum order is now 60GH/s, so you need 0.114BTC to start another contract, based on price @ 0.0019.

Now down to 0.0017/GHs. We'll see how things develop once he's back in stock.

PBMining's at 0.0027 now. BCS is way ahead of the game.

I'm going to be putting about a TH into BCS, before considering where else I could put my other BTC into. I might just keep feeding my Cryptsy mining shares, not quite sure yet. The way I see it, 5 year contracts are like lifetime. Except some lifetime services that determine payout in forms of 'shares' (Cryptsy, Scrypt.cc, etc) are simpler and you can get your BTC back (mostly, or at profit depending on trade price at the time). The major advantage I like seeing with BCS is the referrals are not of increasing hashrate (though, that'd be a nice option) but rather instant payment. It can encourage the user to use that referred BTC to invest into BCS again, to purchase their own hashrate which gives a more flexible option since you can choose where else you wish to put it.

EDIT: @Ritch, thanks for the +1! Some don't understand the concept of mining, I can't blame them. I try to explain it to most people and they don't understand how it works. So I do my best to help educate the masses on how the concept works. I like to compare it with gold mining, gives a good analogy for those trying to imagine the concept.

If you understood the rules of Bitcoin mining to begin with, you'd know that there are increment periods when the difficulty changes. The higher the difficulty, the less one Gigahash will pay out. This rule applies when more people fire up more mining equipment that procures higher mining rates. It's never a constant. Because of this difficulty rule, you once could mine a whole Bitcoin with just a CPU from a laptop. Now, you need specialized ASIC equipment to accomplish the same thing. This rule also applies if they pull the plug. When the difficulty adjusts and goes down, the BTC per GH will go up.

BCS uses the basis of predictable income, so our payouts will be mostly the same every day (until difficulty changes). This helps ensure that luck isn't in our income factor, so we don't go earning more or less. It's a safety sort of thing. If what BCS mines is lower due to bad luck, BCS makes up the losses. If BCS mines more due to better luck, BCS holds onto that extra to accommodate for the next loss.

Just keep that in mind.

About three months concerning fiat. That was when I invested $200 in electricity and Bitcoin purchases, and kept reinvesting until I reinvested half of the earnings based on value. So I could keep going more quickly without having any delays.

To be honest, seeing the price increase helped me assure that they weren't going for a Ponzi scheme. I figured they had costs go up, so they raised prices to alleviate it. By the time I met my minimum for another order, the hashrate went down. Squeezed an extra 4GH/s, woo!

I'm starting to see an increasing number of referral awards, which is making me quite happy because it's bolstering how fast I get another upgrade. Yes, don't put all your eggs in one basket. But at this point in time, I'd made back the fiat costs and am just reinvesting what I earned in Bitcoin. Once I reach a certain level of output from BCS, I'll likely use future purchases to send to Cryptsy, where they have mining shares and just keep going round and round like that, spreading out and building up. But I'm liking BCS' pricing and policies, so I can't complain.

You could spend it on purchasing mining contracts. I have stuff going on at Cryptsy, BCS, PBMining, and Scrypt.cc should you want to check those out.

I'm going to shamelessly post my referral links to them, because why not?

Cryptsy - Online exchange site where you can buy and sell Bitcoin and altcoins. They also have a Mining Contract 'currency' that are essentially mining shares you can buy and sell with Bitcoin. Every day, based on your shares you're accredited Bitcoin. You can also buy the shares and sell later when prices go up.

Bitcoin Cloud Services A service I'm trying out, seems to pay in BTC daily. Five year contracts (legitimacy isn't guaranteed. Then again, the market of trade is never guaranteed) and the BTC is deposited to your wallet

PBMining is another service like BCS, but has a smaller minimum contract requirement, and pays weekly.

Scrypt.cc is like Cryptsy's Mining Contract shares, but mines the most profitable altcoin and autotrades to BTC.

^those are handy for if you want to toss them somewhere and let them build up.

Another thing to do is to watch the values of altcoins on Cryptsy, buy them when the value of altcoins go down, and sell when they go up. You can profit from that. There are other exchanges besides Cryptsy, but I like using Cryptsy.

And another way is to sell Bitcoin for your fiat currency when it spikes in value, and buy when it drops. There are a lot of ways you can do stuff.

I can confirm this, and I'm quite glad it's done like this. It would suck to be flooded with incoming transactions every day or every week coming from one source. I'm glad this is done.

Also can't wait for hardware to arrive. I'm ready to get another contract going!

It's assumed a Ponzi because of the fact we don't see TXN ID's, a lot of their "behind the scenes" operations are very questionable. Not to mention that by having others say "I'm getting paid, why do you think it's a Ponzi?" it builds their reputation to attract other customers. The earlier customers get their ROI, but newer customers may not. Because the BTC paid by newer customers feed to the older customers, not to mention they might have a storage of BTC that maybe they stole or something, and are finding a way to "give it out for free" sort of thing. What happens if they stop getting income? Their prices and contract lengths are too good to be true for a legitimate mining operation, unless they're getting free or super incredibly cheap electricity.

I've e-mailed them myself about this, and wanted clarification. I suspect they tossed that e-mail away because they responded to my website improvement suggestions and some other basic info, but nothing about how they operate behind the scenes.

I've gotten my ROI from them in terms of USD value. In terms of BTC, I'm keeping track of that on a sheet. They're a bit more than halfway repaid in my book. It'll take a couple more months until it's repaid in full. After that, any extra BTC I get from them is fine by me, plus any extra GH I get from referrals. I'm moving onto Bitcoin Cloud Services, and checking them out. The operator seems more transparent and more responsive than PBMining's operators, so we'll see how that ball rolls. Their pricing is very similar to PBMining with higher minimum GH orders. We'll see how this goes.

@Mike: How much were they, the referral rewards? I purchased contracts on the 29th of July and the 6th of August. It'll help confirm if you need to re-use the ref link for every contract purchase.

@Ritch: The Cryptsy exchange doesn't need to constantly withdraw and deposit, since the trades can be instant and you have your own addresses on the exchange to use, so use of bots on Cryptsy can be advantageous.

EDIT: I've figured out part of the referral system. Seems the ref award is based on 10% of the referred user's purchase. So if I bought a 40GH/s contract for 0.112BTC, 0.0112BTC is given to the referee. Short term this is great, long term it is disadvantageous. But helps keep affordability of upkeep in check.

EDIT2: I've used Electrum-LTC, and one of the things that bothered me about it was my addresses were disappearing but later showing up. Not sure if that was a bug or intentional security feature. Oh well, maybe I'll try Bitcoin's Electrum later on and see how it works. I like Multibit's featureset though, and am quite used to the User Interface

Unless Mike's using a lightweight wallet like Multibit. The long transaction history can really make it chug.

Which now makes me wonder. Would all future purchases on the referred account reward to me the 10% commission? Or do they have to access that link every time they make a purchase?

Mike, I know I used your ref link on first purchase, but for my second contract I logged in and purchased a contract directly. Not sure if you got the bonus for that one too.

Considering my push to increase income as quickly as I can, I'm doing what Mike is doing and pushing most if not all of the paid out assets and reinvesting it to constantly increasing payouts. Yes, the risk is high. But as EVE Online taught me, there is no reward without risk. Unless you're a spoiled rich kid whom parents and grandparents are rich beyond belief. But that's a different story.

Seems someone accessed my referral link, and while payout states it'll be 0.1BTC (rounded down) I'm not sure how it'll pay out. All 0.1BTC at once? Or is it gradual over the course of the five year contract? Or is that the daily payout from the referral? Not entirely sure as it isn't explained in full detail at the bottom of the Affiliates page.

I have various sources right now. Cryptsy's mining shares, Scrypt.cc, PBMining, and now BCS. I'm aware of the fact that putting everything in one spot is a bad idea, I'm just off to a slow start.

As for the signature, I think my signature limit is limited so I can't put it in there with the url tagging. I'll try though.

Ordered 78 GH/s! It's all I had in my wallet, but eventually it'll climb up. I estimate it'll take about 104-120 days to make all that BTC back. Patience is key to advancing forth.

https://www.bitcoincloudservices.com/?ref=1317 <-- affiliate link in case anyone wants to help me out.

BCS, I'm glad to see you showing transparency like showing your TXID's on forum and on site. Already I have more trust in you than PBMining.