DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today - page 7.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: lynn_402 on April 19, 2014, 12:30:36 PM

Quote from: traderman on April 19, 2014, 12:20:58 PM

Are these guys legit? Has anyone bought hardware from these guys before?

They are a new company, but since they are located in Taiwan like Grey, he could probably visit their office to verify their legitimacy; this could be worth it since it is a good deal, and I have more trust in asian companies' ability to mass-produce electronic equipments with no delays than the competitors like KNC and Alpha tech.

That's the point of having Grey managing the hardware. In this case he can go to this company, ensure it is legit, make a deal and get delivered before anyone.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: traderman on April 19, 2014, 12:20:58 PM

Are these guys legit? Has anyone bought hardware from these guys before?

They are a new company, but since they are located in Taiwan like Grey, he could probably visit their office to verify their legitimacy; this could be worth it since it is a good deal, and I have more trust in asian companies' ability to mass-produce electronic equipments with no delays than the competitors like KNC and Alpha tech.

traderman

legendary

Activity: 1260

Merit: 1001

Are these guys legit? Has anyone bought hardware from these guys before?

Quote from: lynn_402 on April 19, 2014, 12:16:39 PM

Quote from: Antoine777 on April 19, 2014, 04:09:11 AM

LTC Difficulty is dropping nicely -10%

And Doge's difficulty is staying stable even with the +35% price increase

These miners might be a good option: http://www.alcheminer.com/
"This shipping timeline precedes KNC's and Mining ASIC Technologies' and is provided at a better price than Alpha Technologies' Viper line of Scrypt ASIC miners. In addition, the company has a July Shipping Guarantee, which is backed up by more hashing power if shipped in August or September and a full refund offer if shipping is delayed past that point (October)."

Actually, that might be the taiwanese company that Grey mentionned a few times.
They've done a Q&A on Reddit: http://www.reddit.com/r/BitcoinStocks/comments/23dcn0/rbitcoinstocks_alcheminer_alc_question_answer/ and are selling shares on Havelock, for anyone interested.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: Antoine777 on April 19, 2014, 04:09:11 AM

LTC Difficulty is dropping nicely -10%

And Doge's difficulty is staying stable even with the +35% price increase

These miners might be a good option: http://www.alcheminer.com/
"This shipping timeline precedes KNC's and Mining ASIC Technologies' and is provided at a better price than Alpha Technologies' Viper line of Scrypt ASIC miners. In addition, the company has a July Shipping Guarantee, which is backed up by more hashing power if shipped in August or September and a full refund offer if shipping is delayed past that point (October)."

Actually, that might be the taiwanese company that Grey mentionned a few times.
They've done a Q&A on Reddit: http://www.reddit.com/r/BitcoinStocks/comments/23dcn0/rbitcoinstocks_alcheminer_alc_question_answer/ and are selling shares on Havelock, for anyone interested.

Antoine777

newbie

Activity: 36

Merit: 0

LTC Difficulty is dropping nicely -10%

Triffin

sr. member

Activity: 952

Merit: 251

There's always more value in mining sooner rather than later ..
I say go with the most profitable hardware we already have that he can
order and get more of now ..

Triff ..

gnomicide

full member

Activity: 122

Merit: 100

We already seem to be heavily biased towards SHA ASICs. Personally I'd like more in the GPU realm to take advantage of scrypt-n (or scrypt if more profitable). Just to get a more balanced hardware portfolio. But I haven't done recent hardware profitability analysis, so maybe more ASICs is the way to go...

floatyfish

sr. member

Activity: 373

Merit: 250

Frankly, I think that Grey should hold until the next group of ASICs come out. As it stands currently, there's a lot in a state of flux. Coins are looking at stuff like Scrypt-N, difficulty is going up, new ASICs are coming out. Currently we're doing a good job mining, so for the immediate future I think we should stay the course. Also, I'm assuming that not all of the coins earned are paid out to us, and if this is the case we can just continue accumulating at which point when something gangbusters comes out, Grey can buy a lot of it.

traderman

legendary

Activity: 1260

Merit: 1001

At this point it might be worth to wait a bit for the new Scrypt ASIC, or a better and faster Bitcoin asics.

Quote from: lynn_402 on April 16, 2014, 09:21:21 AM

Quote from: aisdoge on April 16, 2014, 05:28:35 AM

Good luck with the doge. I'm holding quite a bit of doge myself. I bought a bunch more between 95 and 105 satoshis, so I'm really liking this rally.

Me too! And what's even better is that it contributes to the value of Coinfarm's scrypt operation; divident ATH today?

By the way, what do you guys think should be bought with the remaining 32000$? (Wow, never expected it to be that much - that's more than 20% of the total money invested in this)
I think we have enough Bitcoin ASICs and gpus for now, and to be more diversified, the best option would be scrypt asics as soon as a "Gridseed 2.0" is out. Dogecoin seems to have a bright future, and they have no plan to switch to an algorithm that blocks ASICs.

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: aisdoge on April 16, 2014, 05:28:35 AM

Good luck with the doge. I'm holding quite a bit of doge myself. I bought a bunch more between 95 and 105 satoshis, so I'm really liking this rally.

Me too! And what's even better is that it contributes to the value of Coinfarm's scrypt operation; divident ATH today?

By the way, what do you guys think should be bought with the remaining 32000$? (Wow, never expected it to be that much - that's more than 20% of the total money invested in this)
I think we have enough Bitcoin ASICs and gpus for now, and to be more diversified, the best option would be scrypt asics as soon as a "Gridseed 2.0" is out. Dogecoin seems to have a bright future, and they have no plan to switch to an algorithm that blocks ASICs.

aisdoge

newbie

Activity: 24

Merit: 0

Good luck with the doge. I'm holding quite a bit of doge myself. I bought a bunch more between 95 and 105 satoshis, so I'm really liking this rally.

zombie_steve_jobs

newbie

Activity: 14

Merit: 0

My bad I just made the graph go down today. I sold off everything and moved to dogecoin. I wasn't panic selling. I trust Gray, he has been very transparent and consistent. We have emailed back and forth almost 30 times now. I just saw a better opportunity in doge and didn't mind taking a small hit on coinfarm.

aisdoge

newbie

Activity: 24

Merit: 0

Thanks for emailing him. Good to hear there's a decent amount still to use on hardware.

Has everyone seen that our shares have finally gone back up to their initial asking price? Even if this means I can't buy them at a discount anymore, it's reassuring to see that people keep buying in and that it's possible to sell shares at cost.

I invested a bit more in this than I probably should have, thinking I'd be able to sell the extra shares later if I wanted.

zombie_steve_jobs

newbie

Activity: 14

Merit: 0

Gray emailed me back:

Quote

Hello

Sure, I will post deatil within few days. For now, all of our miner running in 2 two different place. I will post picture all of the miner picture after all miner moved into same place, I signed contract with power company to get cheap power . For now I can post picture from cex.io to show our hash power.

And for invest, We current have about around 200,000 rmb, close to 32000 usd. I'm still waiting good ltc scrypt miner or asic miner to invest. Someone provide me a 75mhs , 5000 usd , scrypt miner, but it is preorder, miner will be shippiped befre 5/15. But the problem is he cant promise it can be on-time. I will wait more detail to make order.

I didnt see last mail .. about eligius one... eligus use system kinda like pps, reward are close to cex.io ..but their payment system not stable, sometime you have to wait their paying queue for 2 days... So I still use cex.io.

And old topic about p2pool.... we get better profit than cex.io, but ...... still not stable. sometime, we get 3 block within 2 days. and sometime no block be found within 5 days. But avg still good, it's about 110% more profit than cex.io.

Gray

$32,000 left, not bad

zombie_steve_jobs

newbie

Activity: 14

Merit: 0

Quote from: superresistant on April 11, 2014, 11:00:16 AM

Yeah what do you mean zombie_steve_jobs ? Transparency compared to other Bitcoin security or legal business ?

Updating at least once a day and showing real pictures is already quite a good transparency in the Bitcoin world. I wish Cognitive Mining was doing that Sad

Don't get me wrong. It's certainly one of the more professionally run equities on cryptostocks. The math adds up, its not too good to be true. I have found no evidence of any malfeasance, and trust me, I combed through the blockchain like a m********** after the hack. Everything gray said matched the activity I found.

here are two of gray's old btc addresses that I traced from an image he uploaded:
https://blockchain.info/address/1NLkCtbXKBnSUfw6nrW38kUeCkmccUB9wA
https://blockchain.info/address/1GYyXrS8foXEqdpSxwWyKz24wz3Eavjsdi

Really, I would be 100% satisfied if I knew exactly how much money he has left, and I want to see pictures of ALL the mining equipment. So we should all email him and ask for those things.

superresistant

legendary

Activity: 2156

Merit: 1131

Yeah what do you mean zombie_steve_jobs ? Transparency compared to other Bitcoin security or legal business ?

Updating at least once a day and showing real pictures is already quite a good transparency in the Bitcoin world. I wish Cognitive Mining was doing that Sad

traderman

legendary

Activity: 1260

Merit: 1001

What do you mean when you say transparency? what will a business license do exactly?

Quote from: zombie_steve_jobs on April 11, 2014, 09:16:18 AM

This stock is trading at about .6x annual earnings where as your average stock on the NASDAQ is trading at more than 30x earnings. I think that if gray applied for a business license, was more transparent, this stock would shoot up. Despite his daily announcements and consistency, people still feel that they cannot trust this investment. It's just too anarcho-capitalist and there is no accountability.

Yes the dividends are fantastic. But if gray doesn't make this operation more transparent and legit, this stock is never going to reach its full potential. I think we need to put the pressure on him to be more transparent.

Regarding the sell wall, my theory is that it is the individual who made the 15 btc investment just hours before the hack. But the wall is being eaten up more and more every day.

So I'm still bullish on this stock and I'm still buying, but I really want to see more transparency from gray.

zombie_steve_jobs

newbie

Activity: 14

Merit: 0

This stock is trading at about .6x annual earnings where as your average stock on the NASDAQ is trading at more than 30x earnings. I think that if gray applied for a business license, was more transparent, this stock would shoot up. Despite his daily announcements and consistency, people still feel that they cannot trust this investment. It's just too anarcho-capitalist and there is no accountability.

Yes the dividends are fantastic. But if gray doesn't make this operation more transparent and legit, this stock is never going to reach its full potential. I think we need to put the pressure on him to be more transparent.

Regarding the sell wall, my theory is that it is the individual who made the 15 btc investment just hours before the hack. But the wall is being eaten up more and more every day.

So I'm still bullish on this stock and I'm still buying, but I really want to see more transparency from gray.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: ajw7989 on April 11, 2014, 06:50:43 AM

I was also involved when bitcoin was 95 dollars back in the end of July. I am not saying their decision is not supported/valid I just had a question and wanted to get the full information.

I was not talking to you in particular but for most new comers.

About your question, if we wanted to buy new hardware without losing purchasing value, it would require to raise new funds (buy Bitcoins are current price), send it to DigitalCoinFarm admin, convert it directly to FIAT and buy hardware in FIAT.

Other possibility is hardware manufacturers lowering their price in Bitcoin enough for a ROI to be possible.

ajw7989

legendary

Activity: 924

Merit: 1000

I was also involved when bitcoin was 95 dollars back in the end of July. I am not saying their decision is not supported/valid I just had a question and wanted to get the full information.

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