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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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Bitcoin Pool Mining - example / advice.
Bitcoin Pool Mining - I've been doing this for a long time.
Even though the blocks are getting harder - its still profitable. Advice from personal experience - I've tried MANY pool mining sites / brands. Some are clear scams, I've lost real $$$ as well I've made a lot of real $$$$. Here is a fresh new example investment and projections. $3,067.50 invested - this is hard investment. $7,697.40 is forecast revenue based on the current BTC / USD rate. As BTC increases in value so does my investments. 150% return ![]() This is from 24HourProfit.com
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#3 |
Confirmed User
Join Date: Mar 2004
Location: Montreal
Posts: 425
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Have you tried Antpool?
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#4 |
Confirmed User
Industry Role:
Join Date: Oct 2002
Location: In wonderland..
Posts: 7,147
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What's the hardware you're using in your example?
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Deposit Today With BTC - Play With Bitcoins |
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#5 |
Confirmed User
Industry Role:
Join Date: Aug 2005
Location: YUROP
Posts: 8,595
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Malwarebytes didnt likes the url
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![]() Anal Webcams | Kinky Trans Cams Live | Hotwife XXX Tube | Get your Proxies here |
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#6 |
Too lazy to set a custom title
Industry Role:
Join Date: Dec 2011
Posts: 26,732
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I dont get it...they are renting out money making equipment to you instead of using it themselves...giving you the 150% return...instead of giving themselves a 150% return...
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#7 |
Too lazy to wipe my ass
Industry Role:
Join Date: Aug 2002
Location: A Public Bathroom
Posts: 38,495
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i like pool
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#8 |
Confirmed User
Industry Role:
Join Date: Oct 2002
Location: In wonderland..
Posts: 7,147
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Link with 24hourprofit.com goes to hashflare.io, looks fishy to say the least.
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#9 |
Let's Make Money
Industry Role:
Join Date: Dec 2008
Posts: 8,784
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I would never click that URL.
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#10 |
Confirmed User
Industry Role:
Join Date: Sep 2012
Posts: 3,230
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never mind............
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officially retired as of March 01 2018 but still fucking around and getting into shit. |
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#11 |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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Yes I do and have substantial holdings there as well. I was in China to meet with the CEO, Jihan Wu earlier this month.
HashFlare contributes to their pool and others as well - that is what I posted.
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#12 |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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The hardware is all purchased, managed and maintained by the various pools. All you need is your own computer and an internet connection.
I've had ANTMiners in my home office that lasted about 3 days - the sound is deafening. Moved to a closet with AC since then.
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#13 |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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It's my domain - just forwarded to Hashflare - nothing fishy.
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#14 | |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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Quote:
The larger their pool including their own equipment the more revenues that the overall pool will make and the more that they have a 'say' on voting rights for "forks" & "segwits". The timing is clear according the white paper of Satoshi.
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#15 |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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Your choice - I'm not forcing you or anyone to click anything. I'm very transparent - this link is not dangerous.
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#16 |
I'm still broke.
Industry Role:
Join Date: Jul 2008
Location: WildWildWest
Posts: 3,084
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Let me tell you something.
Only idiots invest in crypto cloud-mining. Smart guys buy crypto and hold it. I am not going to do the math for you, but you are an idiot. Mark my words. I thought you were smarter Tango. |
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#17 |
I'm still broke.
Industry Role:
Join Date: Jul 2008
Location: WildWildWest
Posts: 3,084
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Unless you want people to signup with your referral link. Then I understand your words and graphs.
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#18 |
I'm still broke.
Industry Role:
Join Date: Jul 2008
Location: WildWildWest
Posts: 3,084
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But since you registered 24hourprofit.com I guess you are not that dumb anymore.
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#19 |
I'm still broke.
Industry Role:
Join Date: Jul 2008
Location: WildWildWest
Posts: 3,084
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Now you only want people to be as dumb as you were when you signed up with Hashflare and spent your money.
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#20 | |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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Quote:
#1 RULE = NEVER SELL YOUR BITCOINS The math does work (what I've shown are not my primary mining statistics / holdings).
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#21 |
I'm still broke.
Industry Role:
Join Date: Jul 2008
Location: WildWildWest
Posts: 3,084
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Are you sure it does work?
Then tell me how much BTC will you mine with that very same hash power you have bought in 2020? Only way you "are making money" is because BTC value is increasing. You would make more money with buying BTC directly. |
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#22 |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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Yes I am sure - but the time IS running out soon. 2020 - no - there is a limited horizon on BTC mining. Other ALT coin mining still has a strong path timing wise. It does take a lot of work / management and buying RIGHT. I'm connected with one of the only mining centres with it's own 100% renewable energy - multiple sources. Our kWH price is extremely low.
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#23 |
I'm still broke.
Industry Role:
Join Date: Jul 2008
Location: WildWildWest
Posts: 3,084
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You did not answer my point.
I will "have more money" (two years from now) than you if I buy 1BTC now than you if you buy plans for 6000USD in Hashflare. Did you ever question yourself why the fuck do they sell 1yr or 2yr contract? Because people are dumb and they make a calculation based on the current value and they don't understand that their mining contract won't be profitable 6 months from now. |
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#24 | |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
|
Quote:
I agree that if BTC valuations explode a lot faster than the current projections - keep your $$ in BTC. I'm very happy with my investments and substantial returns.
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#25 |
I'm still broke.
Industry Role:
Join Date: Jul 2008
Location: WildWildWest
Posts: 3,084
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I am happy to see you happy with your investments
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#26 |
Too lazy to set a custom title
Industry Role:
Join Date: Sep 2005
Location: Springfield
Posts: 13,826
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I'll tell you couple of things:
1. You will never mine that 1.34 BTC in a year since the difficulty will increase. That's just a current prediction. Companies that sell mining contracts never tell you that. 2. You will mine some bitcoins for eg. 0.65 in a year and their price can be much more than the predicted value or can be less, so you don't know are you going to be profitable or not. If the price keeps rising - probably yes. 3. At current rate you could buy roughly 0.5 BTC today and just keep it for a year and sell it... But maybe with mining you could dig more in the end buy you need to have the patience to wait for 2 years to see. Also, here's a good piece of advice: NEVER reinvest mined bitcoins into buying hashpower. Keep digging boys and girsl: HashFlare, Genesis-Mining PS: According to your post you're making ~$20/day ($7k year) not $600/day as in your sig ![]()
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#27 |
Confirmed User
Join Date: May 2002
Location: FL
Posts: 1,149
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buy and hodl > cloud mining
you have photos from your time with Jihan, Tango? |
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#28 | |
Let's Tango!
Join Date: Apr 2005
Posts: 1,570
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Quote:
2017 SHAPE THE FUTURE Blockchain Global Summit He is in the middle next to Dr. Craig Wright - Roger Ver is on the right side. ![]()
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