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Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
GPU miner will be there eventually but I looked into it and it's lot's of work (since there are no OpenCl hashing scrypts for the used algo's).
I think it's good for the market to have CPU only for a few more days.
I think it's good for the market to have CPU only for a few more days.
Personally, I don't think GPU mining is better. Because people will have to by more things in order to mine this coin. These fund should have been thrown into market.
Your friend not the first person to try this
http://www.paratera.com/al_detail/newsId=34.html
Easier for him to just keep the BTC if it is such a profitable venture that he expects to last
http://www.paratera.com/al_detail/newsId=34.html
Easier for him to just keep the BTC if it is such a profitable venture that he expects to last
Yes he is not the 1st. We all know there are many people in China doing such things.
If one has such previlege, it's nearly no reason that he won't do such things. Because he has nearly no risk and great profit.
Also, if his friends know he is doing such things, they will not blame him.
What would be the meaning of IPO?? 
:D:D Why he would need to raise money as he has no running cost and no possibility to scale(he doesn't actually own the mining hardware nor server rooms).
This is just pure ignorance or scam preparation.
:D:D Why he would need to raise money as he has no running cost and no possibility to scale(he doesn't actually own the mining hardware nor server rooms).This is just pure ignorance or scam preparation.
What he owns is the right of control these machines. There are also many people in China who can use free electricity for decades.
Someone felt such actions are "theft", But in China it's very common. And to some extent it's well accepted by people morally.
(Nearly) All universities belong to Government here, and all electricity belongs to Government.
Okay lets say i invest 1btc in him and then what how he's going to use my btc? To buy more miners or what?
Absolutely can't buy more miners and similar things. What he want to do is to start new bitcoin businesses like changetip and so on. And to be honest, I felt like that he only wants to use others' money to invest in Bitcoin business to gain further success, instead of using his own money earned from mining.
My friend works at a "big" University, and he has been responsible for a "big" cluster for years.
About 1 week ago, he knew digital coins from me and start to use that cluster to mine Altcoins and sell it for about 1---3 bitcoins every day. That means, no cost. 100% profit.
He want to ipo at cryptostocks or other sites. Because he thinks digital coin is a great opportunity so he wants to get much money (about 300 BTC) earlier to start bitcoin related business.
But he is uncertain if he can IPO successfully. Especially he can't give out his personal information to Public. So, how can people trust him?
He mines in the pools of altcoins, so every one can monitor the hashrate. He also can distribute the profit every day.
If he starts IPO, will you buy?
Similarily, in China, many people can use free electricity. If they use it to mine, and want to IPO, will you buy?
So, I suggest that he should wait 100---300 days to get enough bitcoins himself.
About 1 week ago, he knew digital coins from me and start to use that cluster to mine Altcoins and sell it for about 1---3 bitcoins every day. That means, no cost. 100% profit.
He want to ipo at cryptostocks or other sites. Because he thinks digital coin is a great opportunity so he wants to get much money (about 300 BTC) earlier to start bitcoin related business.
But he is uncertain if he can IPO successfully. Especially he can't give out his personal information to Public. So, how can people trust him?
He mines in the pools of altcoins, so every one can monitor the hashrate. He also can distribute the profit every day.
If he starts IPO, will you buy?
Similarily, in China, many people can use free electricity. If they use it to mine, and want to IPO, will you buy?
So, I suggest that he should wait 100---300 days to get enough bitcoins himself.
Re: Deposit not shown in his cryptostocks account! Allegedly hacked again?
Deposits / withdrawals working again now apparently.
But the former depost has not showed in account
Re: It seems that Vircurex/cryptostocks runs again with our money.
Anyone still using them needs to get their head checked. At this point you deserve to lose any coins you send there.
No one deserves to being defrauded even the swindle occurs because of his stupid and greed.
Gullibility is always a virtue in the eyes of God.
I have told people many times not to use the service of Vircurex/cryptostocks. But criminality is criminality. After the occurrence of crime, I sympathize with the victims.
It seems that Vircurex/cryptostocks runs the Third time with our money.
https://bitcointalk.org/index.php?topic=631546.msg7038062#msg7038062
I am curious what excuse they will give us. Yes we all know They will not pay 1 mbtc and They will continue to operate their websites to "pay back bitcoins" again (LMAO).
No one can invite them to prision?
Disclaim: I don't use their service, and I think people who still trust them are stupid, but I heard cries of one friend from "qq group" .
I am curious what excuse they will give us. Yes we all know They will not pay 1 mbtc and They will continue to operate their websites to "pay back bitcoins" again (LMAO).
No one can invite them to prision?
Disclaim: I don't use their service, and I think people who still trust them are stupid, but I heard cries of one friend from "qq group" .
Re: Deposit not shown in his cryptostocks account! Allegedly hacked again?
I see the same thing sometimes. I just log out and back in and the balance gets updated.
He said he re-login several times before asking in the groups