I've asked for a refund of Neptune last week, and got the money back today. Quick and professional customer service.
My main concern was that according to this calculator http://btcinvest.net/en/bitcoin-mining-profit-calculator.php, the miner would need to come on line end of March at the latest to break even. I'll be watching KnC's foray into cloudhashing with interest, and maybe buy shares from them if they would appear to be at least a little profitable.
In the meantime, the fiat money that I got refunded got redirected strait back to Bitstamp, and if the price on Monday/Tuesday stays about the same as today, I will have made BTC6 of pure profit.
My main concern was that according to this calculator http://btcinvest.net/en/bitcoin-mining-profit-calculator.php, the miner would need to come on line end of March at the latest to break even. I'll be watching KnC's foray into cloudhashing with interest, and maybe buy shares from them if they would appear to be at least a little profitable.
In the meantime, the fiat money that I got refunded got redirected strait back to Bitstamp, and if the price on Monday/Tuesday stays about the same as today, I will have made BTC6 of pure profit.
...and pity that I won't have fresh fiat on the exchange for the week-end, as I expect we'll be re-testing the lows.
I call bullshit. If you really thought that, sell your coins there and buy back in cheaper.
Here comes the FUD brigade, wanting cheap coins before the Big Fix. Sorry you missed the bottom, Guys, but it's in the rear view mirror.
Please, choose your accusations more carefully.
I am in the mode, where I play with 3-4 BTC, the rest gets moved to cold storage or waits for a spike in preset high sell orders. In January I decided that I will not sell a single coin at lower than what I bought it for, so more and more coins got locked out from trading by that decision, on the other hand, I had 0 losses and a few BTC gains. And another part of my strategy is to remove a fraction of BTC to cold storage each week.
On the other hand, I've been transferring fresh fiat to the exchange and buying each week on the way down, and I am almost, but not entirely out of fiat on the exchange. If you read my message correctly, I said that it was a pity that refund money didn't come earlier, because I am fully aware that we are near or at a bottom. The refund money will be converted back to BTC next week whatever the price (another of my decisions was to buy for at least 80% of fresh fiat immediately upon deposit), but you should agree that it's always a nice bonus when it's done at a bottom.
I am also of the opinion that this week-end will see a flash-crash, as we are still in the down-trend, so my remaining fiat is locked accordingly in the preset buy limit orders.
Pretty much everybody like me bought near the bottom, sold over $600, and are waiting to scoop 'em up again if that happens. There may indeed be a retest of the lows, but normal FUD won't take us all the way there. Only a new inbound bombshell would do that.
