Topic: Did you guys get instant ROI during the Paycoin scandal of 2014? - page 2. (Read 1354 times)
November 08, 2016, 05:49:54 PM
Yeah i lost alot of money even though i had a t address the pool didnt pay until almost 40 hours later. But what you gonna do? Its over now! I had 45 cards mining when it switched to mainnet so i got to watch thousands of dollars go down the drain.
November 08, 2016, 05:44:55 PM
Why would anyone buy at those prices, especially if it's apparently so easy to mine that a rig gets paid off quickly?
Not everyone has that kind of hashpower, and investors saw it as a good opportunity. There are also conspiracy theories it was made to be a pump and dump coin, which I personally believe partially. Their system of mining supply was odd, to say the least.I wasn't around mining with Bitcoin ASICs back then but I met a fellow and he said he bought a few new Antminer S5 and SP20e back then and the only reason he made a profit was because he got instant ROI because he mined the Paycoin scandal back in 2014.
Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
Well, zcash didn't work out for most people even at the beginning, because difficulty pretty much spiked so high in the first few hours that you'd only have earned 20-40$ a day (which got to around ten at the end of the day due to difficulty spikes). Instant ROI is a bit of an exaggeration, but you might have earned a good 20$ or less on the first day of Zcash.Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
There are people who not only ROI'd their GPUs they ROI'd their entire GPUs rigs mining the first day when it was around 50BTC/ZEC.
But you had to be on the right pool, which paid out ASAP and payout to a "t" address. I sold very late but I managed to sell at 10BTC/ZEC even. Imagine those that sold at 100-200BTC/ZEC.
November 08, 2016, 05:42:28 PM
Why would anyone buy at those prices, especially if it's apparently so easy to mine that a rig gets paid off quickly?
November 08, 2016, 05:39:58 PM
I wasn't around mining with Bitcoin ASICs back then but I met a fellow and he said he bought a few new Antminer S5 and SP20e back then and the only reason he made a profit was because he got instant ROI because he mined the Paycoin scandal back in 2014.
Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
Well, zcash didn't work out for most people even at the beginning, because difficulty pretty much spiked so high in the first few hours that you'd only have earned 20-40$ a day (which got to around ten at the end of the day due to difficulty spikes). Instant ROI is a bit of an exaggeration, but you might have earned a good 20$ or less on the first day of Zcash.Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
There are people who not only ROI'd their GPUs they ROI'd their entire GPUs rigs mining the first day when it was around 50BTC/ZEC.
But you had to be on the right pool, which paid out ASAP and payout to a "t" address. I sold very late but I managed to sell at 10BTC/ZEC even. Imagine those that sold at 100-200BTC/ZEC.
November 08, 2016, 05:18:12 PM
I wasn't around mining with Bitcoin ASICs back then but I met a fellow and he said he bought a few new Antminer S5 and SP20e back then and the only reason he made a profit was because he got instant ROI because he mined the Paycoin scandal back in 2014.
Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
Well, zcash didn't work out for most people even at the beginning, because difficulty pretty much spiked so high in the first few hours that you'd only have earned 20-40$ a day (which got to around ten at the end of the day due to difficulty spikes). Instant ROI is a bit of an exaggeration, but you might have earned a good 20$ or less on the first day of Zcash. Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
November 08, 2016, 04:45:21 PM
I wasn't around mining with Bitcoin ASICs back then but I met a fellow and he said he bought a few new Antminer S5 and SP20e back then and the only reason he made a profit was because he got instant ROI because he mined the Paycoin scandal back in 2014.
Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
Nicehash doesn't have any stats going back that far and can't find anymore info.
But he said that it reminded him of what is happening now with ZCASH how if you mined right at the beginning you would of got instant ROI on some RX470 GPUs.
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