Topic: [ANN] Banx - Liquidity Paid Back In From Profits - page 38. (Read 112999 times)

Hey Banx team, quick technical question.
Every time I try to send Banx, the wallet crashes and doesn't send.
Wallet is encrypted, password is correct.
Have installed a fresh wallet on a completely different PC, replaced the wallet.dat, and same again, try to send, enter password, wallet crashes.
This is on Windows.
Any ideas please?

ur confirmation email has been resent

Hi Simon, thanks for that info. I'm purely looking at banxshares and bitcoin as a possible long-term buy and hold I don't want to trade them at the moment.

I guess the take away point is that no one knows where bitcoin will be in 1 week, 1 month or 1 year. We're all just taking a position according to our gut feelings or best "guesstimates".

My position is "out" whereas Banx Capital's position is "buy". Out there will be some people who are selling. That's what makes the market, a range of different opinions.

I do wonder whether any miners are managing to make any money at present with the price of bitcoin being what it is. How many are continuing to mine hoping the price will rise?

With regards to the bitcoin price there are multiple views for it... There is talk in our forum of it being good for bitcoin as a whole if the price drops to around $100 as it would mean all the big mining farms are unprofitable so they would shut down and the difficulty would drop enabling the smaller miners to come back in and there would be more adoption in general which would push the price back up again... I am no professional trader but I do know some and looking at their fan graphs they are saying it is a good time to buy at the moment...

Yes we are mining into a pool, there are VERY few people mining solo these days as it is virtually impossible to "win" a block on your own unless you have the computing power of CERN, Google, Apple and Microsoft combined and even then it would still be hard!

My advice is to not just monitor the price yourself but try and find some of the higher level traders and get in touch with them to see what they are doing... As any trader will know money can be made when the market is going down or up, it just depends how you play it.

However with Banx we are VERY diverse so we have a lot of bases covered for multiple eventualities. If mining dies off we will stop and the funds will be diverted to other areas for example... There are many arms to the business and this holds us in a much stronger position than a company purely focussed on mining or any other single element. Diversity is our key strength here at Banx.

Hope that helps

Simon

In my opinion we need to see bitcoin break $500 and stay above it for a reasonable amount of time before it can be considered a "buy". It's definitely a sell at present looking at the trend but I admire your confidence!


Wind power is a great idea. I guess you are mining as part of a pool because your total bitcoins mined was around 4? Am I right in saying that if you were mining on your own you would have to get bitcoins in multiples of 25?

I'll keep watching the bitcoin price and perhaps make a move when/if we see $500 but for now I can't invest.

I got my payout, i am very happy to say the least 

thanks for all the hard work you guys are putting in to make this something special

Hi Everyone,

Just to confirm the profit payout was as follows:

Profit Payout Per Share: 0.00009116 BTC / 0.0311 cents per share profit

Best regards

Mark

payout received just like everyone else, used the payout to buy into more shares

Hey guys if you have the time could you please pop over to http://www.banxforum.com/index.php?topic=21.msg62;topicseen#new and post your payout info there aswell, looking forward to hearing from you all 

Dividends recieved

haha... back in the day i'll bet i ran across many of those sites, with all those pop-ups!

i love your affiliate savvy. you know how to get things spread out there big time.

Top notch, bought shares got payout. Can't say fairer than that, will reinvest and looking forward to next months payout.

Dividends for the early October payouts received.  Very happy.

You NEED to prove everything lol   

i worked it as around 0.00008750 btc per share. I dont need to prove anything lol

how much did u recieve per share? proof? 

Hear, Hear.
well done to the dev team for all their hard work on these payouts, top stuff

Recieved my dividend payments today. Very immpressed with the payouts for such an early stage in the business. Ill be compounding this payment straight back in as im very confident that banx is going places.
Thanks banx team for your hard work getting these EARLY payments done. Its a breath of fresh air this project to the crypto community.
 

re the $290, no no other reason than my own feeling.

Im personally confident we will see a $1,000 steady bitcoin in the coming months.

re mining, its a changeable thing, our entire business model is and going into 2015 everything is designed to be fluid.

Re our current mining, we run of wind power so our overheads are very low, we are about to scale up our mining in a new location too

Hi, is there a reason for seeing $290 as the low?

I'm no bitcoin expert but I have downloaded the bitcoin price history and it seemed to fly through $290 on the way up and hasn't touched it yet on the way down. Because bitcoin had such a rapid up and down the chart doesn't show any obvious support or resistance points.

Let's say bitcoin ends the year at $200, for example's sake. Will this change your plans for 2015? Surely there's going to be a point where you have to say "we're going to have to rethink this".

If you're only managing to mine 4 bitcoins in a month then unless your electricity, rent and equipment costs are less than about $1300 a month you're losing money.

In your book you said that you should've walked away from the adult business earlier and you lost more money than you needed to. If I was trading bitcoin I would be short now and probably would've opened my short position back in April. There doesn't seem to be much to be bullish about and I have to wonder where the demand is at the moment.