DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today - page 5.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: superresistant on June 04, 2014, 04:03:19 AM

It's been some time he is thinking about getting out of cryptostocks. Getting listed on Havelock is very expensive, transactions are taxed and it is still a centralised exchange that can suffer from attack. For me it is a no.
I told him about decentralised exchange solutions like Nxt.
I know some people like Nxt or not but it has a working decentralised asset exchange that does exactly what Cryptostocks does except that it is completely decentralised : No attack, no stealing, no service interruption.

Right now, you can only do transactions in NXT coin but soon coloured coin will be added so any currency can be used (even USD, EUR, Doge,...).

Quote from: Chellger on June 04, 2014, 03:42:32 AM

I'm now in the situation that I've dreaded. Do I sell all my stuff on Cryptostock? Or do I trust them once more, although I KNOW that the next one is possibly the big one. Damn.

There could be an attack any time that could steal everything and make the exchange goes bankrupt. This is the problem of all centralised exchange.

Peershares could also be considered: http://peershares.net/general-information/

It has not yet been released, but the ETA is relatively soon and the platform would fulfill all our needs.

I have doubts about NXT, because of how centralised it is; it does not seem much better than Cryptostocks. Coloured coins would be a necessity for me to consider this option.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: floatyfish on June 02, 2014, 05:25:59 PM

Quote from: superresistant on June 01, 2014, 01:33:56 PM

Well finally we didn't buy Darknode and I think that was the best decision.
The price fluctuate too much. Darkcoin is only good for pump&dump, not for investing.
We still have some money to invest on hardware.
Let's see if manufacturers adjust the price. As Bitcoin goes up, our purchasing power goes up (I think we still have BTC instead of FIAT but not sure).
I also agree that we must get out of Cryptostocks. I'm emailing Gray about all of this.

Superresistant, have you emailed Gray yet? If you haven't could you ask him if he would think about listing on Havelock?

Yes of course.

First he confirmed that he'll never invest in Darkcoin because he realised that this is just a pump & dump coin. I cannot agree more.

It's been some time he is thinking about getting out of cryptostocks. Getting listed on Havelock is very expensive, transactions are taxed and it is still a centralised exchange that can suffer from attack. For me it is a no.
I told him about decentralised exchange solutions like Nxt.
I know some people like Nxt or not but it has a working decentralised asset exchange that does exactly what Cryptostocks does except that it is completely decentralised : No attack, no stealing, no service interruption.

Right now, you can only do transactions in NXT coin but soon coloured coin will be added so any currency can be used (even USD, EUR, Doge,...).

Quote from: Chellger on June 04, 2014, 03:42:32 AM

I'm now in the situation that I've dreaded. Do I sell all my stuff on Cryptostock? Or do I trust them once more, although I KNOW that the next one is possibly the big one. Damn.

There could be an attack any time that could steal everything and make the exchange goes bankrupt. This is the problem of all centralised exchange.

Chellger

newbie

Activity: 50

Merit: 0

I'm now in the situation that I've dreaded. Do I sell all my stuff on Cryptostock? Or do I trust them once more, although I KNOW that the next one is possibly the big one. Damn.

floatyfish

sr. member

Activity: 373

Merit: 250

Quote from: superresistant on June 01, 2014, 01:33:56 PM

Well finally we didn't buy Darknode and I think that was the best decision.
The price fluctuate too much. Darkcoin is only good for pump&dump, not for investing.
We still have some money to invest on hardware.
Let's see if manufacturers adjust the price. As Bitcoin goes up, our purchasing power goes up (I think we still have BTC instead of FIAT but not sure).
I also agree that we must get out of Cryptostocks. I'm emailing Gray about all of this.

Superresistant, have you emailed Gray yet? If you haven't could you ask him if he would think about listing on Havelock?

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: badpeanut on June 02, 2014, 02:07:53 PM

Quote from: superresistant on June 01, 2014, 01:33:56 PM

Well finally we didn't buy Darknode and I think that was the best decision.
The price fluctuate too much. Darkcoin is only good for pump&dump, not for investing.
We still have some money to invest on hardware.
Let's see if manufacturers adjust the price. As Bitcoin goes up, our purchasing power goes up (I think we still have BTC instead of FIAT but not sure).
I also agree that we must get out of Cryptostocks. I'm emailing Gray about all of this.

No worries, Gray will build a site to pay dividend to share holders or moved to another stock exchange site. He is aware of this months ago.

I hope he does. Cryptostocks' lack of communication is unacceptable, and I don't want to take the risk of leaving my money with them anymore.
If wallets do get fixed, I'll have to sell my shares and withdraw Sad

Until there's a website dedicated solely to Coinfarm, or any other way to invest without having to deal with shady middlemen.

badpeanut

sr. member

Activity: 341

Merit: 251

Karma is a Btc

Quote from: superresistant on June 01, 2014, 01:33:56 PM

Well finally we didn't buy Darknode and I think that was the best decision.
The price fluctuate too much. Darkcoin is only good for pump&dump, not for investing.
We still have some money to invest on hardware.
Let's see if manufacturers adjust the price. As Bitcoin goes up, our purchasing power goes up (I think we still have BTC instead of FIAT but not sure).
I also agree that we must get out of Cryptostocks. I'm emailing Gray about all of this.

No worries, Gray will build a site to pay dividend to share holders or moved to another stock exchange site. He is aware of this months ago.

traderman

legendary

Activity: 1260

Merit: 1001

Man, these wallet issues @ cryptostocks are really annoying.

superresistant

legendary

Activity: 2156

Merit: 1131

Well finally we didn't buy Darknode and I think that was the best decision.
The price fluctuate too much. Darkcoin is only good for pump&dump, not for investing.
We still have some money to invest on hardware.
Let's see if manufacturers adjust the price. As Bitcoin goes up, our purchasing power goes up (I think we still have BTC instead of FIAT but not sure).
I also agree that we must get out of Cryptostocks. I'm emailing Gray about all of this.

floatyfish

sr. member

Activity: 373

Merit: 250

Is there a way to put this stock on a system like ColoredCoins? Cryptostocks is having WAY too much downtime with their wallet for my comfort.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: thy on May 27, 2014, 12:27:03 PM

Quote from: Antoine777 on May 22, 2014, 02:50:52 PM

I think it s a good idea
it costs 20 BTC (1000 DRK) to setup a masternode and it earns 0.12 BTC a day. it is 0.6% a day or 200% yearly income

I havent really looked into how this darkcoin things works but it sounds that purely mathematically it would be profitable to buy into darkcoin in general if the price is expected to rise in the future.

If one buys enough to become a masternode it would then be profitable if the price of darcoins:
would go up
or stay the same
or even go down but the avg decrease would be less than the daily profit from beeing a masternode whether that will be 0.6% or lower in the future.

So the biggest factor would be to analyse where the price of darkcoins would go in the short and long perspective and secondarily if one buys enough darkcoins to possibly becomes a masternode then there would also be a slight bonus for that to.

There still is no economy based around Darkcoin, this makes long-term investing in it very risky. There are the Dark Wallet and stealth addresses being developped for Bitcoin at the moment, and it seems to me like they have a better chance of success because Bitcoin is already well-accepted in the dark web where anonymity is most useful.

Imho, mining is already a risky speculative investment, and it would be unwise to add more risks on top of it.

thy

hero member

Activity: 685

Merit: 500

Quote from: Antoine777 on May 22, 2014, 02:50:52 PM

I think it s a good idea
it costs 20 BTC (1000 DRK) to setup a masternode and it earns 0.12 BTC a day. it is 0.6% a day or 200% yearly income

I havent really looked into how this darkcoin things works but it sounds that purely mathematically it would be profitable to buy into darkcoin in general if the price is expected to rise in the future.

If one buys enough to become a masternode it would then be profitable if the price of darcoins:
would go up
or stay the same
or even go down but the avg decrease would be less than the daily profit from beeing a masternode whether that will be 0.6% or lower in the future.

So the biggest factor would be to analyse where the price of darkcoins would go in the short and long perspective and secondarily if one buys enough darkcoins to possibly becomes a masternode then there would also be a slight bonus for that to.

traderman

legendary

Activity: 1260

Merit: 1001

I agree, I voted against the whole masternode thing.

Quote from: lynn_402 on May 26, 2014, 04:21:34 PM

Quote from: superresistant on May 26, 2014, 12:11:39 PM

Quote from: traderman on May 24, 2014, 05:44:29 PM

I think it would be better to get GPU to mine DRK rather then invest in Masternode. There are too many unknowns with Darkcoin, you can have malfunctions/bugs that can render the anonymity useless, you can have government issues, the list of potential things that can go wrong is too long at this point. Better to get more GPU to mine DRK rather then putting money in DRK masternode.

Quote from: gnomicide on May 24, 2014, 05:12:12 PM

I'm not sure on the Masternode thing. Definitely speculative, and doesn't really fit the "coin farming" aspect of this fund. And there are probably dedicated masternode pools for people wanting to invest less than the 25 BTC or so needed for 1000 DRK. If darkcoins are going to catch on, and maintain their value beyond the next few months, then this has good potential.
Has anyone looked more into DRK to see how strong the app/tools development is going? People need to actually use these or it seems like it'll all collapse in.

The things is that even if the is a risk, the ROI is really good (for now). So it is a "relatively" good investment.

The problem with this, is that a lot of persons also think this is a good investment. I've seen many posts on this forum and on Reddit about people planning on being masternodes, and if half of them achieve that, it won't be so profitable anymore. And you have to trust Darkcoin to stay profitable long term and build its own economy from the ground-up. This seems way too risky imho.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: superresistant on May 26, 2014, 12:11:39 PM

Quote from: traderman on May 24, 2014, 05:44:29 PM

I think it would be better to get GPU to mine DRK rather then invest in Masternode. There are too many unknowns with Darkcoin, you can have malfunctions/bugs that can render the anonymity useless, you can have government issues, the list of potential things that can go wrong is too long at this point. Better to get more GPU to mine DRK rather then putting money in DRK masternode.

Quote from: gnomicide on May 24, 2014, 05:12:12 PM

I'm not sure on the Masternode thing. Definitely speculative, and doesn't really fit the "coin farming" aspect of this fund. And there are probably dedicated masternode pools for people wanting to invest less than the 25 BTC or so needed for 1000 DRK. If darkcoins are going to catch on, and maintain their value beyond the next few months, then this has good potential.
Has anyone looked more into DRK to see how strong the app/tools development is going? People need to actually use these or it seems like it'll all collapse in.

The things is that even if the is a risk, the ROI is really good (for now). So it is a "relatively" good investment.

The problem with this, is that a lot of persons also think this is a good investment. I've seen many posts on this forum and on Reddit about people planning on being masternodes, and if half of them achieve that, it won't be so profitable anymore. And you have to trust Darkcoin to stay profitable long term and build its own economy from the ground-up. This seems way too risky imho.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: traderman on May 24, 2014, 05:44:29 PM

I think it would be better to get GPU to mine DRK rather then invest in Masternode. There are too many unknowns with Darkcoin, you can have malfunctions/bugs that can render the anonymity useless, you can have government issues, the list of potential things that can go wrong is too long at this point. Better to get more GPU to mine DRK rather then putting money in DRK masternode.

Quote from: gnomicide on May 24, 2014, 05:12:12 PM

I'm not sure on the Masternode thing. Definitely speculative, and doesn't really fit the "coin farming" aspect of this fund. And there are probably dedicated masternode pools for people wanting to invest less than the 25 BTC or so needed for 1000 DRK. If darkcoins are going to catch on, and maintain their value beyond the next few months, then this has good potential.
Has anyone looked more into DRK to see how strong the app/tools development is going? People need to actually use these or it seems like it'll all collapse in.

The things is that even if the is a risk, the ROI is really good (for now). So it is a "relatively" good investment.

traderman

legendary

Activity: 1260

Merit: 1001

I think it would be better to get GPU to mine DRK rather then invest in Masternode. There are too many unknowns with Darkcoin, you can have malfunctions/bugs that can render the anonymity useless, you can have government issues, the list of potential things that can go wrong is too long at this point. Better to get more GPU to mine DRK rather then putting money in DRK masternode.

Quote from: gnomicide on May 24, 2014, 05:12:12 PM

I'm not sure on the Masternode thing. Definitely speculative, and doesn't really fit the "coin farming" aspect of this fund. And there are probably dedicated masternode pools for people wanting to invest less than the 25 BTC or so needed for 1000 DRK. If darkcoins are going to catch on, and maintain their value beyond the next few months, then this has good potential.

Has anyone looked more into DRK to see how strong the app/tools development is going? People need to actually use these or it seems like it'll all collapse in.

gnomicide

full member

Activity: 122

Merit: 100

I'm not sure on the Masternode thing. Definitely speculative, and doesn't really fit the "coin farming" aspect of this fund. And there are probably dedicated masternode pools for people wanting to invest less than the 25 BTC or so needed for 1000 DRK. If darkcoins are going to catch on, and maintain their value beyond the next few months, then this has good potential.

Has anyone looked more into DRK to see how strong the app/tools development is going? People need to actually use these or it seems like it'll all collapse in.

traderman

legendary

Activity: 1260

Merit: 1001

I think this should be put to a vote. It might work out, but it is speculative, it is better to wait for new asic to come out and buy that.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: Antoine777 on May 22, 2014, 02:50:52 PM

I think it s a good idea
it costs 20 BTC (1000 DRK) to setup a masternode and it earns 0.12 BTC a day. it is 0.6% a day or 200% yearly income

It is a good idea but it won't be 200% ROI per year. The more masternodes the lower the reward.

Antoine777

newbie

Activity: 36

Merit: 0

From Coinfarm Cryptostocks announcement

--------------------------

We are going to create a darkcoin masternode.

For those people dont know darkcoin. Darkcoin is most profitable gpu only coin right now. It use x11 algorithm for base hash algorithm. If you have gpu miner, you can see the power cost is 50% than scrypt and scrypt-n.

And masternode plan is one part of darkcoin project.
They need a lot of internet node to prevent 51% attack and work-prof. And you can get 10% reward for each block found.

Please check this
https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/

All you need is 1000 drk coin, and you dont lose it. You can stop the node anytime.

The only risky problem is the price of darkcoin. If price crash... it will be problem. But if price going up.. I believed everyone will be happy to see that.

So how about profit?

For today 2014/05/23 it's 6-7 drk perday per node. It might be less if node incrased. But you dont lose anything.

For now, the beta is going to close. It going to be live soon. So I have to do it quickly. I will get 1000 drk and test the plan.

------------------------------------------------------------------------------

I think it s a good idea

it costs 20 BTC (1000 DRK) to setup a masternode and it earns 0.12 BTC a day. it is 0.6% a day or 200% yearly income

Antoine777

newbie

Activity: 36

Merit: 0

GREY What about mining X11 ? Litecoin seems very difficult now

Topic: DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today - page 5. (Read 19255 times)