In other news, I just bought a few XPM at .007 (I've sold as high as .009).
Profitability for this venture may require some care in converting XPM to BTC. Sell too quickly, and you don't get a good price. Sell too slowly, and you have more capital tied up. Either way, profitability is lower. Somewhere in the middle is a sweet spot.
Topic: Closed - page 5. (Read 10204 times)
At the moment of this post, we have 31 Shares Remaining available.
Thanks for all interest so far. I am rapidly expanding our growth as we speak.
I will make generated coin stats/block stats on Tuesday.
26 remaining Thanks for all interest so far. I am rapidly expanding our growth as we speak.
I will make generated coin stats/block stats on Tuesday.
. Can't wait to see the stats and some delicious Primecoins on Wednesday. Now 23
I will release stats on Tuesday for Wednesday. Dividends will be paid out (for the entire 7 day payment)
So if you buy in Sunday, you get a payout Wednesday, and next Sunday covering the 7 Day Payment.
got my share just now
Excellent. Please do not forget to submit your information to my application page. Let me know if you need the link again.
What happens during weeks when you have less subscribers then the maximum? Can the subscribers expect a larger payout for those weeks as a result of less subscribers to divide amongst?
got my share just now
At the moment of this post, we have 31 Shares Remaining available.
Thanks for all interest so far. I am rapidly expanding our growth as we speak.
I will make generated coin stats/block stats on Tuesday.
26 remaining Thanks for all interest so far. I am rapidly expanding our growth as we speak.
I will make generated coin stats/block stats on Tuesday.
. Can't wait to see the stats and some delicious Primecoins on Wednesday.
I just want to keep everyone updated.
We are moving fast in the amount of shares sold.
At the moment of this post, we have 31 Shares Remaining available.
Thanks for all interest so far. I am rapidly expanding our growth as we speak.
I will make generated coin stats/block stats on Tuesday.
We are moving fast in the amount of shares sold.
At the moment of this post, we have 31 Shares Remaining available.
Thanks for all interest so far. I am rapidly expanding our growth as we speak.
I will make generated coin stats/block stats on Tuesday.
If you reread what I have wrote,
I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
Why do you assume that sunny king is the person who dumped the coins? There are a metric shit ton of speculators in the altcoin markets and "pump and dump" is the rule rather than the exception. I think in a few years we will have Bitcoin, Litecoin, and Primecoin and most of the others will not see wide use. I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
Primecoin is interesting to me because it actually innovates unlike most cryptocurrencies; for example it uses (vaguely useful to mathematics) prime number chains as proof of work instead of hashcash. PPCoin just seems like a bad idea with its proof of stake concept -- people don't want an inflationary currency.
+1 exactly.
If you reread what I have wrote,
I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
Ah I get you now. I wasn't being defensive, just trying to understand.
Every coin has the pumpers/dumpers. I agree, Primecoin or PPC is no different. But I don't think it has anything to do with Sunny.
If you reread what I have wrote,
I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
Why do you assume that sunny king is the person who dumped the coins? There are a metric shit ton of speculators in the altcoin markets and "pump and dump" is the rule rather than the exception. I think in a few years we will have Bitcoin, Litecoin, and Primecoin and most of the others will not see wide use. I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
Primecoin is interesting to me because it actually innovates unlike most cryptocurrencies; for example it uses (vaguely useful to mathematics) prime number chains as proof of work instead of hashcash. PPCoin just seems like a bad idea with its proof of stake concept -- people don't want an inflationary currency.
If you reread what I have wrote,
I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
I never said that he/she was dumping them, I said that he/she Probably (a non definitive word) was
if you look back at the charts of PPC another coin created by sunny king it was dumped on and now XPM lower than what it once was, just going by what im seeing nothing against your venture,
best of luck
wasnt primecoin created by sunnyking? everything this person has created has been dumped on why would it be smart to invest in something that is most likely created by a person who is probably dumping them on everyone else?
id stick with coins created by people who are actually reputable, just like how the CEO is one of the most important reasons of the success of a company im going to assume it transfers over to alt coins and those who create them,
id stick with coins created by people who are actually reputable, just like how the CEO is one of the most important reasons of the success of a company im going to assume it transfers over to alt coins and those who create them,
What are you talking about? Sunny King is very reputable, and has done great things for the community. Who said he is dumping? I don't understand your logic.
I'm in for a few shares. Primecoin seems like it could be next to Litecoin in the cryptocurrency arena, and is actually innovative; this is the perfect opportunity to "buy" some.
Welcome aboard. I have verified this. So far, you own the most amount of shares.
I also believe that Primecoin 'seems' it could be next to Litecoin. I would be guessing in a similar Logic.
Btw, send me a PM with your XPM Address, I am missing thing.
Thanks for your support and investment. Let me know if you have any questions.
A question that immediately pops to mind when I see a service such as this offered is: "Why would you offer it?"
If it was an IPO-like thing, it would make sense: To collect enough funds to purchase the hardware. But this is a subscription-based service. In order to profit, a subscriber needs to earn more XPM than the equivalent amount of 0.5 BTC per week. But if the expected gains are above 0.5 BTC per week, why rent out the mining power at all instead of mining for yourself?
If it was an IPO-like thing, it would make sense: To collect enough funds to purchase the hardware. But this is a subscription-based service. In order to profit, a subscriber needs to earn more XPM than the equivalent amount of 0.5 BTC per week. But if the expected gains are above 0.5 BTC per week, why rent out the mining power at all instead of mining for yourself?
Off course, I get that. There is a number of things that comes to my head, as a person of adoption.
I don't think I would take on such a large project myself due to lack of funds. The other thing is, I have generated quite a bit already for being an early-adopter, and I am trying to get more people into primecoin, before we get into major numbers. I want you to remember, you were/are a subscriber of XPM Coin. I certainly believe we are making history.
Conclusion: without investors, this wouldn't be possible. And if I wasn't here, there would be a chance to generate the type of coins I am able to generate .
wasnt primecoin created by sunnyking? everything this person has created has been dumped on why would it be smart to invest in something that is most likely created by a person who is probably dumping them on everyone else?
id stick with coins created by people who are actually reputable, just like how the CEO is one of the most important reasons of the success of a company im going to assume it transfers over to alt coins and those who create them,
id stick with coins created by people who are actually reputable, just like how the CEO is one of the most important reasons of the success of a company im going to assume it transfers over to alt coins and those who create them,
I'm in for a few shares. Primecoin seems like it could be next to Litecoin in the cryptocurrency arena, and is actually innovative; this is the perfect opportunity to "buy" some.
Quote
But this is a subscription-based service. In order to profit, a subscriber needs to earn more XPM than the equivalent amount of 0.5 BTC per week. But if the expected gains are above 0.5 BTC per week, why rent out the mining power at all instead of mining for yourself?
He is shifting his risk to the subscribers. His commission (the 51st share) is profitable regardless. For the subscribers, profitability depends on the exchange rate, and possibly on willingness to wait for a sell order to be filled. For a true believer who wants to accumulate Primecoin anyway, this is an alternative to dollar-cost averaging.
Or it could simply be a lack of capital.
Just guessing.
A question that immediately pops to mind when I see a service such as this offered is: "Why would you offer it?"
If it was an IPO-like thing, it would make sense: To collect enough funds to purchase the hardware. But this is a subscription-based service. In order to profit, a subscriber needs to earn more XPM than the equivalent amount of 0.5 BTC per week. But if the expected gains are above 0.5 BTC per week, why rent out the mining power at all instead of mining for yourself?
If it was an IPO-like thing, it would make sense: To collect enough funds to purchase the hardware. But this is a subscription-based service. In order to profit, a subscriber needs to earn more XPM than the equivalent amount of 0.5 BTC per week. But if the expected gains are above 0.5 BTC per week, why rent out the mining power at all instead of mining for yourself?
You didn't answer my questions about dividend announcements or sufficient stats to estimate the dividend, but I will take a chance on a Sunday-to-Sunday subscription.
I encourage you to make things as transparent as possible for your subscribers.
I encourage you to make things as transparent as possible for your subscribers.
Okay. Answering it below.
Alternatively, will the dividend be announced in time for me to make the decision whether to renew for another week?
Or, will there be some kind of ongoing stats during the week so I can estimate the dividend before deciding whether to renew?
Yes, what I can do is send you screenshots of what has been earned as a pool and how many subscribers we have on board, at anytime.
What I will do is have some pool stats ready on Tuesday so people know what to expect Wednesday.
You didn't answer my questions about dividend announcements or sufficient stats to estimate the dividend, but I will take a chance on a Sunday-to-Sunday subscription.
I encourage you to make things as transparent as possible for your subscribers.
Edit: I set up a Coinbase account and entered a subscription. Looking forward to seeing how this works out.
I encourage you to make things as transparent as possible for your subscribers.
Edit: I set up a Coinbase account and entered a subscription. Looking forward to seeing how this works out.
I have some questions as to the timing. I ask them because an operation like this, if it's profitable at all, will continue to be profitable until one day when it isn't. I want to know how quickly I can bail out when that happens.
If I subscribe on a Saturday, does my subscription run Saturday to Saturday? Or do all subscriptions run Wednesday to Wednesday?
Will I receive my Wednesday dividend in time to convert it to BTC so I can pay for the next week?
Alternatively, will the dividend be announced in time for me to make the decision whether to renew for another week?
Or, will there be some kind of ongoing stats during the week so I can estimate the dividend before deciding whether to renew?
If I subscribe on a Saturday, does my subscription run Saturday to Saturday? Or do all subscriptions run Wednesday to Wednesday?
Will I receive my Wednesday dividend in time to convert it to BTC so I can pay for the next week?
Alternatively, will the dividend be announced in time for me to make the decision whether to renew for another week?
Or, will there be some kind of ongoing stats during the week so I can estimate the dividend before deciding whether to renew?
This is a great question. And I was tossing around some thoughts for this. I know all subscribers won't come in the same time, so I decided I will payout on Wednesday, and say we come back to Saturday, you will still get a payout until the 7th day billing period closes. If you did cancel, remaining payout will be on the final 7 day period.
So basically, its really a 7 day payout, it happens every wednesday, and the remaining payout amount will be on the 7th (final day) if cancelled.
All I ask is send me a reminder that you have cancelled, so I can organize it accordingly and provide faster payouts. Otherwise, I can still keep track of all of it.
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