Topic: [PND]Pandacoin | First Hybrid Wallet | 5000% Faster Blockchain Download | Instant Sync - page 374. (Read 1358974 times)

What dost thou mean?

where is the daily Panda 

Bring your umbrella and join in on the fun over at #PandacoinPND at freenode.net! Over 3 million Pandacoins (PND) had rained into our channel in just 24 hours!

You can also try out the Lotto-Faucet commands !lotto !panda !gimme, have a daily chance of winning up to 10 million Pandacoins (PND) and chat with the other Pandas from this awesome community!

Dat depth

The perfect time to buy 8ltc worth of PND.

The path of least resistance

No problem at all. That's part of the reason we're here, and no, you didn't come across that way. We all make risk/reward analyses when making decisions, and it's commendable that you're making yours so thorough.

The sad thing is that the miner you would buy now will be considerably less awesome after August 30th, since this is the period when KNC's titans and their competitors will be released. I would not be surprised if profitability is 10x lower at that time, and because of electricity costs you'd lose money by mining.

Congratulations on having the insight to mine PND at launch though

Thanks for all the responses!

I totally understand the risk of mining as I already am running some miners I brought a while ago. Anybody who makes a return on their money usually had to mine it before it went huge and everybody brought into it. At the time of PND's release I brought a $5 contract for a guy with 10MH/s to mine a PND pool for an hour. I got 1.7 million PND which was worth about $3-4 at the time. Then a month later prices soared and it was worth about $30. (I also didn't dump the 1.7 like an asshole btw )There's no doubt in my mind that prices will again soar after the 30th of August. Any coin that brings true innovation to the cryptocurrency is usually worth a lot. So, my major question now is if I buy some more hardware, will it generate enough PND to pay for itself after the price soars? Sure, I could just buy some off the exchange and probably make more after PND soars again, but if I buy more hardware now that could potentially pay for itself, I could continue mining and continue generating PND after the price soars which might give me a better return in the long run.

I prefer the latter since I'm in this for the long haul since there can only be a steady incline from here so I might just go ahead and buy a new miner.

Hope I didn't come across as some douchebag hoping to make a quick buck. I only intend to sell my PND when I absolutely need the money.

So effectively all mining does is increase buy pressure and get you some coins,

So because this is the case, it is only better to mine if spending X dollars on mining will get you MORE than X dollars worth of PND.

Which means, it's usually better to straight-up buy PND, simply because mining profitability is dropping such that a return on investment is highly unlikely.

PND's network is protected through PoS staking not mining. Mining PND on the multipool is the same as mining shitcoins and then crushing them to buy PND but the pool does it for you.

It almost always makes more sense to buy the coins if you think the value will go up, rather than mine.

Mining is fun if you want to protect a coin's network, but it seems a bit silly to invest in mining hardware to get a PoS coin.

And if you add this fact into the mix, buying PND now will allow that PND to stake for you, further increasing the amount you have.

Mining equipment is becoming less and less profitable with a lower and lower likelihood of a return on investment. There's no telling how mining will change over the next few months, but the trend is a constant decrease in profitability.

One thing to keep in mind is that staking is superior to traditional mining in terms of energy costs and hardware maintenance.

Very difficult choice for me right now...

Invest my current money in buying PND from the exchange or buying more mining equipment.

Charities

PND4PND, the first Pandacoin (PND) charity initiative, had been created by a dedicated and awesome community member! Let's show our support and feel good by donating PNDs to a choice out of 4 different charity organisations!

It is a unique concept in that all donations made now will be held and only released to the chosen charity organisations until June 1st, 2015.

The charity wallet will be on a transparent and public address, managed by the Pandacoin (PND) development team. Read more about it and the chosen charity organisations here: http://pnd4pnd.com

WWF (official website: http://wwf.panda.org)

Donation address: PNWLTA6tANL7waXUBt6rHYVgBwvpmtdu3c
http://pandachain.net/address/PNWLTA6tANL7waXUBt6rHYVgBwvpmtdu3c



Chengdu Giant Panda Breeding Research Foundation (official website: http://www.panda.org.cn/china/)

Donation address: PFfzRE4NVAQrx9gMkFogjHcBXhbQzesL5r
http://pandachain.net/address/PFfzRE4NVAQrx9gMkFogjHcBXhbQzesL5r



Earthwatch Institute (official website: http://earthwatch.org/expeditions/on-the-trail-of-giant-pandas-in-china)

Donation address: PTFvBkEQY9si5ScK26PkcwbKHtS6b1axmN
http://pandachain.net/address/PTFvBkEQY9si5ScK26PkcwbKHtS6b1axmN



ISIS (official website: http://www2.isis.org/Pages/Home.aspx)

Donation address: PGsEpNxEBVRaJ659ddCnUxALHWNJoBTSGU
http://pandachain.net/address/PGsEpNxEBVRaJ659ddCnUxALHWNJoBTSGU

what a shower now, come and jpin the irc channel

Also missed the rain, but its always worth to join the channel with or without rain.
Today its a sunny day, maybe tomorrow it will rain a lot, just join.

That's the spirit