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Showing 20 of 24 results by marcusnz
Re: You from Australia & pissed off with the ATO!? Don't worry, read here - Options!
Thanks for that. I was looking for another way to buy BTC after this controversial ATO ruling that affects both us and excellent exchanges like coinjar. I was actually prompted by this decision to buy more BTC prior to the gst being implemented to avoid the extra fee 10% which has obviously cost me dearly.
Does anyone know that reward rate of maxcoin? that will help us a predict a fair price.
Yes..
The network will have a 30 second block time and an initial reward of 96 coins.
so about 2000-3000 coins per day?
No, 2 * 60 = 120
120*24=2880 blocks a day
120*96= 276480 coins a day if the blocktime really was 30 sec.
However on the first day/first few days it'll prolly be alot more.
Its 4:30 am here. I actually meant 200,000-300,000. I think i need to get to sleep. I just want to put up a buy order when it launches at 5:30am (my time) Any chance one of the exchanges will takes orders pretty much straight away?
Does anyone know that reward rate of maxcoin? that will help us a predict a fair price.
Yes..
The network will have a 30 second block time and an initial reward of 96 coins.
so about 2000-3000 coins per day?
Re: MaxCoin | CPU Cloud Mining Guide | MAX VPS // Prep for TODAY'S RELEASE /7:30 GMT
Im retarded, can you please write a detailed description of how to mine maxcoins with windows azure?
I managed to join and create 3 servers, 2 x8 and 1 x 4; i downloaded putty, but got somewhat stuck there. Im thinking perhaps i might just give up and try and buy some on launch day, but would still like to have a crack at mining with azure if anyone has some advice
I managed to join and create 3 servers, 2 x8 and 1 x 4; i downloaded putty, but got somewhat stuck there. Im thinking perhaps i might just give up and try and buy some on launch day, but would still like to have a crack at mining with azure if anyone has some advice
For all you shills that keep attacking people who are disgusted/disappointed at people with concerns. Try a different tactic. Try explaining to people exactly why the potentially 30,000 bitcoin and 50% pre-mine is necessary. Explain to them in market cap terms how they will make a return on their investment. Explain why they cannot get VC funding but why the bitcoin community should invest when any investment bank or hedge fund or VC will not? Get us a background check on all the principle group and explain what exactly are their duties, what exact role they will be playing and how much each person will be paid. There are a lot of questions that need to be answered. Your constant attacks are annoying. You shills are easy to recognize, because none of your posts have any reasoning or statements, they are pure viscous attacks designed to scare off people from this message board.
All you shills ever do is constantly keep pointing at articles, "Im going to invest my life savings," "if you miss out on this you will regret it." WTF, do you think that people that stupid now? Believe it or not, none of my posts will have any effect whatsoever on anyone's decision, but hopefully it will make them question and do their own homework before making a decision. I dont think theres anything wrong with that If you cant tell by now, there are a lot of people wiser than me on this board concerning crypto investments and they have come to their own conclusions about the viability of this Ethereum investment. Your constant attacking and demoralizing comments towards people who have questions is really just disgusting and Ive seen this tactic many times by people selling scammy products.
If you think Ethereum is such a hot deal then you should just shut the hell up and quietly buy into it with your life savings and thank me later. What are you worried about if you are not a shill? If Ethereum sells out in one week (LMAO) then you are either smoking crack or you will be one of the lucky ones that got to buy in and give these guys and their wall street advisers millions. Personally, I think there will be plenty of people waiting in the wings to buy after the price sinks to its appropriate level. But if you think its going to sell out 30,000 btc at one dollar an ETH and there will be so much demand that there will be another 100,000 bitcoin demand/bids waiting to take it off your hands at double the price...I have a bridge Id like to sell you.
All you shills ever do is constantly keep pointing at articles, "Im going to invest my life savings," "if you miss out on this you will regret it." WTF, do you think that people that stupid now? Believe it or not, none of my posts will have any effect whatsoever on anyone's decision, but hopefully it will make them question and do their own homework before making a decision. I dont think theres anything wrong with that If you cant tell by now, there are a lot of people wiser than me on this board concerning crypto investments and they have come to their own conclusions about the viability of this Ethereum investment. Your constant attacking and demoralizing comments towards people who have questions is really just disgusting and Ive seen this tactic many times by people selling scammy products.
If you think Ethereum is such a hot deal then you should just shut the hell up and quietly buy into it with your life savings and thank me later. What are you worried about if you are not a shill? If Ethereum sells out in one week (LMAO) then you are either smoking crack or you will be one of the lucky ones that got to buy in and give these guys and their wall street advisers millions. Personally, I think there will be plenty of people waiting in the wings to buy after the price sinks to its appropriate level. But if you think its going to sell out 30,000 btc at one dollar an ETH and there will be so much demand that there will be another 100,000 bitcoin demand/bids waiting to take it off your hands at double the price...I have a bridge Id like to sell you.
yes, gutshot5820, i agree with a lot of the things you are saying, but why are you going from forum to forum flooding them with these comments? What is your objective? are you that desperate to save us from losing money and prevent the ether devs from becoming rich? You should be here to ask a few questions, make a few comments and leave it at that. We are all adults and can make a decision, but its like you're on some oc campagin against ethereium. Its fucking weird man
TBH, I was just joking with all of you. Just wanted to scare the rest of the guys off Ethereum. Now that Ive done most of my work. I have about 5000 btc that I plan to invest and a few of my friends are investing about the same amount. First come first serve. We are planning to buy in the first hour to make sure we get our 2x shares. Hopefully, there will be enough for you all because we created an investment pool just for Ethereum. Ethereum will be the future and take over the crypto world. Anyone who does not invest in it is missing out on an opportunity of a lifetime. I was at the conference in Miami. Vitalik is an absolute genius. See you all at the 1st of Feb. Cheers!!
Thats basically what i was implying you were doing. Either that or you were vitalks ex-boyfriend jealous of his impending success. Word of advice for the future though: save the admittance until AFTER the ipo.
For all you shills that keep attacking people who are disgusted/disappointed at people with concerns. Try a different tactic. Try explaining to people exactly why the potentially 30,000 bitcoin and 50% pre-mine is necessary. Explain to them in market cap terms how they will make a return on their investment. Explain why they cannot get VC funding but why the bitcoin community should invest when any investment bank or hedge fund or VC will not? Get us a background check on all the principle group and explain what exactly are their duties, what exact role they will be playing and how much each person will be paid. There are a lot of questions that need to be answered. Your constant attacks are annoying. You shills are easy to recognize, because none of your posts have any reasoning or statements, they are pure viscous attacks designed to scare off people from this message board.
All you shills ever do is constantly keep pointing at articles, "Im going to invest my life savings," "if you miss out on this you will regret it." WTF, do you think that people that stupid now? Believe it or not, none of my posts will have any effect whatsoever on anyone's decision, but hopefully it will make them question and do their own homework before making a decision. I dont think theres anything wrong with that If you cant tell by now, there are a lot of people wiser than me on this board concerning crypto investments and they have come to their own conclusions about the viability of this Ethereum investment. Your constant attacking and demoralizing comments towards people who have questions is really just disgusting and Ive seen this tactic many times by people selling scammy products.
If you think Ethereum is such a hot deal then you should just shut the hell up and quietly buy into it with your life savings and thank me later. What are you worried about if you are not a shill? If Ethereum sells out in one week (LMAO) then you are either smoking crack or you will be one of the lucky ones that got to buy in and give these guys and their wall street advisers millions. Personally, I think there will be plenty of people waiting in the wings to buy after the price sinks to its appropriate level. But if you think its going to sell out 30,000 btc at one dollar an ETH and there will be so much demand that there will be another 100,000 bitcoin demand/bids waiting to take it off your hands at double the price...I have a bridge Id like to sell you.
All you shills ever do is constantly keep pointing at articles, "Im going to invest my life savings," "if you miss out on this you will regret it." WTF, do you think that people that stupid now? Believe it or not, none of my posts will have any effect whatsoever on anyone's decision, but hopefully it will make them question and do their own homework before making a decision. I dont think theres anything wrong with that If you cant tell by now, there are a lot of people wiser than me on this board concerning crypto investments and they have come to their own conclusions about the viability of this Ethereum investment. Your constant attacking and demoralizing comments towards people who have questions is really just disgusting and Ive seen this tactic many times by people selling scammy products.
If you think Ethereum is such a hot deal then you should just shut the hell up and quietly buy into it with your life savings and thank me later. What are you worried about if you are not a shill? If Ethereum sells out in one week (LMAO) then you are either smoking crack or you will be one of the lucky ones that got to buy in and give these guys and their wall street advisers millions. Personally, I think there will be plenty of people waiting in the wings to buy after the price sinks to its appropriate level. But if you think its going to sell out 30,000 btc at one dollar an ETH and there will be so much demand that there will be another 100,000 bitcoin demand/bids waiting to take it off your hands at double the price...I have a bridge Id like to sell you.
yes, gutshot5820, i agree with a lot of the things you are saying, but why are you going from forum to forum flooding them with these comments? What is your objective? are you that desperate to save us from losing money and prevent the ether devs from becoming rich? You should be here to ask a few questions, make a few comments and leave it at that. We are all adults and can make a decision, but its like you're on some oc campagin against ethereium. Its fucking weird man
Nobody ever said that the tech did not have some potential. Any publicity will only benefit Ethereum and their wall Goldman Sachs advisors because the deal is structured entirely in their favor. Do you think they are going to have a 100 million market cap for a coin at launch? If you do go ahead and sell your home and cash out your retirement fund, ALL the early profits and investments is designed to go to Ethereum principles and their wall street cronies, you will take ALL of the RISK and none of the benefits. You can buy a million of these coins aftermarket.
Do your math and your own research before buying into the hype. The coin has potential, but all the profits are going to Ethereum the way this deal is structured. You are not getting into the ground floor at the market cap you are entering into. You are the bagholders until they produce something tangible and prove they can take over the market. That could be years. I guarantee you if you like the product, you can buy millions at market price after the launch. Why take the risk of being a pre-buyer when you can buy after market if you like the tech? They are pricing 30,000 btc worth of shares at approx one dollar a ETH. Do your math. For you to make a profit there will have to be another 100,000 in btc after launch waiting to buy in for you to sell at a reasonable profit. NEVER going to happen. The initial 30,000 btc is going to the principals and thats where all the profit is going to.
This is the new precedent set by Goldman Sachs advisors. If you buy into it this time, every coin will be launched in the same manner. The profits will be squeezed out of all the miners and crypto investors and go into the pockets of wall street. Do not be fooled, you are not buying at the ground floor like most all other coins with reasonable upside, They are taking all the ground floor money out before launch and you are the bag holders in this set-up.
Do your math and your own research before buying into the hype. The coin has potential, but all the profits are going to Ethereum the way this deal is structured. You are not getting into the ground floor at the market cap you are entering into. You are the bagholders until they produce something tangible and prove they can take over the market. That could be years. I guarantee you if you like the product, you can buy millions at market price after the launch. Why take the risk of being a pre-buyer when you can buy after market if you like the tech? They are pricing 30,000 btc worth of shares at approx one dollar a ETH. Do your math. For you to make a profit there will have to be another 100,000 in btc after launch waiting to buy in for you to sell at a reasonable profit. NEVER going to happen. The initial 30,000 btc is going to the principals and thats where all the profit is going to.
This is the new precedent set by Goldman Sachs advisors. If you buy into it this time, every coin will be launched in the same manner. The profits will be squeezed out of all the miners and crypto investors and go into the pockets of wall street. Do not be fooled, you are not buying at the ground floor like most all other coins with reasonable upside, They are taking all the ground floor money out before launch and you are the bag holders in this set-up.
gutshot5820, what is your objective? you are all over here and Reddit (and probably other forums) bagging ethereium to such a degree that it borders on bizarre. Its one thing expressing your opinion, but jumping forums and just reiterating yourself over and over again is very suspicious. You made your point, and presented you argument, so what are you doing? why are you going to such extraordinary lengths to stop people from investing? are you some sort of moral crusader?
MaidSafe v ethereium. Any thoughts/? They are just going to churn these things out aren't they?
http://www.wired.co.uk/news/archive/2014-01/27/maidsafe-bitcloud
http://www.wired.co.uk/news/archive/2014-01/27/maidsafe-bitcloud
I'm a bit of a newbie so forgive me if I am totally wrong.
But from the sounds of it 1X of the currency will be given to investors in correspondence to how much they put in. 0.5X will be given to the fiduciary members and other team members. There is also an increase of coins (0.4X) each year.
Assuming an investment of all 30'000 bitcoins, with a corresponding market cap of $24million. The immediate market cap has to be $36million just to break even? Given the 0.4X increase in supply, that would confer a $9.6million per year of added market value for neutral ROI. (And not the $12million, which the team initially posted). So in terms of investment returns, I have to consider a couple issues. Firstly, will Ethereum reach neutral market cap? How big of a dilution effect will the 0.4X yearly increase of supply have? Since the founders are only accepting Bitcoin, will Ethereum outperform Bitcoin? Personally, I'm expecting Bitcoin to become ~ 10 times its value this year. On the other hand, I'm not sure whether or not Ethereum will reach a $400-500million market cap.
This is just my 2 cents. I'm completely open to other opinions.
My other question is, where do the other 30'000 bitcoins go? Do the founders have to invest into the project too or are they simply awarded the 0.5X Ethereum.
Otherwise, the project looks promising but there I'm skeptical regarding ROI.
But from the sounds of it 1X of the currency will be given to investors in correspondence to how much they put in. 0.5X will be given to the fiduciary members and other team members. There is also an increase of coins (0.4X) each year.
Assuming an investment of all 30'000 bitcoins, with a corresponding market cap of $24million. The immediate market cap has to be $36million just to break even? Given the 0.4X increase in supply, that would confer a $9.6million per year of added market value for neutral ROI. (And not the $12million, which the team initially posted). So in terms of investment returns, I have to consider a couple issues. Firstly, will Ethereum reach neutral market cap? How big of a dilution effect will the 0.4X yearly increase of supply have? Since the founders are only accepting Bitcoin, will Ethereum outperform Bitcoin? Personally, I'm expecting Bitcoin to become ~ 10 times its value this year. On the other hand, I'm not sure whether or not Ethereum will reach a $400-500million market cap.
This is just my 2 cents. I'm completely open to other opinions.
My other question is, where do the other 30'000 bitcoins go? Do the founders have to invest into the project too or are they simply awarded the 0.5X Ethereum.
Otherwise, the project looks promising but there I'm skeptical regarding ROI.
This basically sums up my feelings. I like the idea and i like the devs, but the i think the ipo/fundraiser is way off and more importantly, i just don't see it outperforming btc this year which i also estimate to increase x10. Futhermore, i certainly dont see it outperforming some of the alt coins improving up to 300% in a week which offer nice opportunities if clever. Imo, this will be the year of btc and the mass marketable alt coins (dogecoin/ coinye and such). Advanced products like ethereium will likely get attention very late in the year or early next year. This makes tying up btc in ethereium a bad investment at this stage, but a good investment (potentially) in 8-12 months
Id like to hear opinions on this also.
As surprising as it might sound from me, I might invest in Ethereum and get out before the pump phase is over. The basic idea is ingenious, I respect Vitalik very much. But until the role of Goldman Sachs hasn't been clarified I won't trust this project.
Have you read the terms ?? PEOPLE YOU MUST READ !!
All coins will be locked for one year. You won't be able to sell anything before a year AND you won't be able to sell more 1/3 of your coins per year which mean that you will never be able to sell all your coins.
In the meantime, 1000 new altcoins will be lauched.
I think the devs are honest people, but this ipo/fundraiser is disappointingly horrible, and this (above) puts me off big time. Ether is a great idea and wil probably do well, but people need to also take into account how much btc, ripple, nxt and the other altcoins will move this year before ether is available to be traded. If ether raises 30 odd million thus valuing it at around 60 million, it will need to be over 1 billion by the end of the year to be a better investment opportunity than whats is currently available today imo.
You are crazy off in your calculations, 36 million to support how many guys for how many years and that is not excessive? We are living in two different worlds because I'm sure any venture capitalist would tell these guys to blow off if they presented them with the investment numbers they are asking from the public. You are acting as if this coin will actually survive in the long run. Every coin forum I have been to has a group of devs that think they have the best and innovative tech. You know what? There will be more coins and even better tech next month from the next group and so on and so on. If ANY coin survived in the long run it would make a 100M investment look cheap, that is a very lame apologist explanation. The chances of any coin to surviving besides bitcoin after the crypto hype is over is slim to none. This coin and every coin before and after it is a long long long shot to survive when the crypto hype dies. You can take all the technology you want and nobody cares except for tech nerds. The only thing people care about in coins is the ability to transfer money anonymously and liquidity liquidity liquidity. What good is a coin if you cant cash it out, I dont care what tech is behind it.
You're right. We should never think of anything ever again. This is the furthest humanity will ever go, and we've reached it. Let's shut down everything. Ideas are scary, and they're risky, and that's why we do them. I think it's cool that these guys are at least trying to do something interesting. That's all there is to it. It's novel, they're delivering code, and they're open about things. That's cool to me.
Bitcoin was revolution that changed the world, these guys are just hopping on the train and taking advantage of the Bitcoin community while crypto coins are still hot. It's obvious you are a tech nerd and like the work these guys are doing, but if they can't get money from a bank or venture capitalist, and need to beg to Bitcoin community to fund their project, while having no initial investment of their own, that sends warnings bells through my head. You have a right to your opinion, if you like then so much, go ahead and invest 100k and be an early adopter. If they were were asking for a few million to fund for expenses and a %percentage of pre-mine to reward them if things work out, then I would be behind this. But the mere fact that they are asking for up to 36 million is just ridiculous on an entirely different greedy level.
If a company or government wants to utilize this emerging cc/blockchain technology, and they can basically chose which blockchain/coin they want to build on, why would they choose Ethereum? Isnt it quite possible when it is released and is potentially much easier to build upon than bitcoin, ripples etc that it will be heavily adopted and may make up ground rapidly? But then whats stopping bitcoin or others using their advantageous work and implementing into their protocol? (side note: also, isnt it conceivable that people could start building on the dogecoin blockchain?) All these "ifs" make the ipo price a little crazy imo, but then i dont know shit. Im interested in economics and the histroy of money and really like this new technology, but dont really understand it despite doing my best to learn about it, including watching a few vids with Vitalik. Having watched these vids, and confident that ive always had a really good "gut brain" and high level of EI, Id say he doesnt appear to me at all as someone who wants to wrong anyone let alone rip people off for greed. In fact, he donest strike me as someone who is likely to care about money much at all, certainly not at the expense of his reputation which is on the line so early in his career.
I cant see myelf investing at this stage.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
You need to RESPECT and LISTEN CAREFULLY to that skinny little geek... he already knows more than most of us ever will.
What the hell is wrong with you people?!?
I think you're both right. lol
Could someone help clear the air? Assuming I invest 5 BTC, therefore receiving 10,000 ether, what is the worst/best case scenario after the release?
Sorry for the tangent!
I too would like to read an answer to this question.
Ok, so essentially ripple, Bitcloud, Ethereium, the various Scyrpt based coins and even the ones using sha256 are all direct competitors to bitcoin not just as a coin, but as a network and all the benefits of a network?
Im trying to understand the current ecosystem of block chains/networks and the cyrptocurrencies they support.
Obviously there is Bitcoin, and the currency it uses is bitcoins, but which other currencies or services actually use the bitcoin block chains? Nxt? Mastercoin? Color coins? Or do they have their own blockchain?
What about ripple, Bitcloud, Ethereium and the various Scyrpt based coins? Are they bascially the same concept as bitcoin but they have their own block chain/ledger and a coin associated with it?
So really, aside from the some technical tweaks, massive support from miners and the advantages of being first to market, bitcoin really isn't much different or superior to a lot of the other coins/networks/blockchians out there?
Obviously there is Bitcoin, and the currency it uses is bitcoins, but which other currencies or services actually use the bitcoin block chains? Nxt? Mastercoin? Color coins? Or do they have their own blockchain?
What about ripple, Bitcloud, Ethereium and the various Scyrpt based coins? Are they bascially the same concept as bitcoin but they have their own block chain/ledger and a coin associated with it?
So really, aside from the some technical tweaks, massive support from miners and the advantages of being first to market, bitcoin really isn't much different or superior to a lot of the other coins/networks/blockchians out there?
- As Bitcoin and Litecoin gain popularity for their algorithms. The 13 European Terrorist bloodlines of the Devil worshipers cult Illuminati will try to take control of the coins. They will try to take control of all cryptocurrency coins by creating centralize trading platforms where only they can control which alt coin to accept to trade and which ones not allow to trade. They've done this in the stock market through the creation of the NYSE, NASDAQ, and the OTC pink sheets market. It is essential that all alt coin creators must have a platform on their official alt coin website to trade their own alt coin for BTC or LTC. Not to mention, the miners will love you for it.
Reply with +1 to keep this thread at top
hahah. very funny! you do know that the winklevii can trace their bloodlines back to the Babylonian bankers and are on a mission to buy up all the btc?
Ok, so if i write in 4 pool address, say: us, eu, ltcrabbit and one other; does my miner move on to the most active if one goes down, or does it split the work between the 4 so if one goes down, at worst ill lose only 25%?
Yes.
cgminer can be configured use different strategies: Failover, Round Robin, Rotate, Load Balance, or Balance. I use Failover, which directs all the work to the first pool unless it is down, then to the second. If the first and second are down, it switches to the third, etc. I think Failover is the default for CGMiner, but you can be sure by adding this to you conf file:
"failover-only" : true,
Hi, thanks for the reply. I added numerous pools and nothing happened. What i did find however is that when i "restart mining", the hash rate jumps up again for a period of time before slowly reducing. I went into my config file and couldnt find any reference to "failover-only" : true," . Im using BAMT or ltcrabbits version of it. Should i simply write "failover-only" : true, into the config file? And what happens - does it convert to the next pool down the list once the pool declines to a certain rate or when it completely stops?
Hi, recently joined this pool and I am having a problem with Cgminer 3.7.2. For some reason when the pool stops and starts my miner my hash rate drops from 620kh to 500kh. I need to restart Cgminer to get my hash rate back up. Also on my other GPU it goes from 345 to 250kh, caused by the restarting of the pool. This is REALLY irritating because I have never encountered this problem with any other pool. Wtf is going on? I like the concept of this pool but if I have to check my miners every ten minutes it's not a feasible option.
Connection keeps going down and coming back up. I suggest having both pools (EU and US) backing each other up, and another one for when both are down.
M
Ok, so if i write in 4 pool address, say: us, eu, ltcrabbit and one other; does my miner move on to the most active if one goes down, or does it split the work between the 4 so if one goes down, at worst ill lose only 25%?