Topic: [$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!] - page 615. (Read 843697 times)

Sounds like you provide a good service along with a miner.
It is a jungle out here in Crypto-World...I'm a member of a BitCoin group and I've met more than one
that was ready to wire their house for 240 v and 100 amps and put a farm in to get really rich. 

I've pretty much owned and mined with every small to mid size scrypt miner in existence. I always buy them cheap cheap cheap, test them and resell them.

Basically, I help new miners get set up. I advice them and make sure they understand EXACTLY what they are getting into and adjust their expectations back to reality. Every day new people are coming in to this all excited thinking they are going to get rich mining. I encourage them to get involved but I explain to them what's really going to happen.

Then I set them up with a miner, provide support and a batch file if they need it. Preferably I just sell them a miner for 2X what I paid for it but if they need help I help. A lot of people like me to mod their Gridseeds first even after I show them that you are better off running two non-modded than one modded but they just love seeing that 50% bonus hash. If that's what they want, I mod it, find the best frequency and sell them that. Plus I charge extra for changing one resistor so I'm happy to do it.

I've mined alot as well but bought waaaaaay more. I'd like to borrow the crystal ball neo1947 has.......600~750 sat would really help me in that future.

We have a very similar approach, although I'm intrigued by the miner buy/resell.....any certain brands or models? Or just whatever you can buy and resell and make a little.

Always considered myself as a Miner/Trader/Investor, I've managed to sell off a few miners as I grew my small farm....
first Asics back in 2014 were Blizzards.....still have them with some X6's and an A2. Their hashing away right next to the big boys. (which aren't so big any more.) LOL

This has pretty much been my approach for some time. Panic mining is no different than panic buying. I mine the coins that no one is paying attention to but I believe in. This is why I've mined the crap out of VERGE.

Still, since it's launch, what I've mined in VERGE is a small percentage compared to what I've bought, so really I look at as supporting the network. My hash power typically goes up and down because I like to buy cheap miners, test them and resell them for profit. I usually have anywhere from 1000 - 4000 Kh/s to play with so all I can really do is support a network and that's what I've done. Every bit of what VERGE I mine goes into a cold wallet because I have no intention of doing anything with it anytime soon.

l see 600-750 satoshi in horizon.
 

just noticed we got mentioned in this article

http://fuk.io/february-2016-report-best-altcoins-and-cryptocurrencies-to-buy-for-profit/

Very important to remind everyone VERGE is untraceable the one and only private currency. 

Now THERE"S the $64 question!
Everyone who mines has developed their own philosophy.
Some mine a coin for profit NOW, others mine a coin for it's future.....
ie get in on a promising new coin early when network hash and difficulty are low.
(I've been burned by a few of those though, but who hasn't)

Then, there is do you mine a coin as part of a large pool with alot of a coins network hash where you may get a little bit of a lot of blocks found.
Or, mine a smaller pool where when the pool does find a block....you get bigger shares.

There's also to consider what per cent a pool draws for a fee.

I really like P2p pools.....sort of best of both worlds.

I just checked and there's  quite a few 1300 kH and below miners on suprnova's XVG pool.
For a fairly large regular pool it has a low fee of 1% and enough hash volume to give some results.
and who knows if Verge goes way up from its current value as some expect, you could make some profit.

One final note....a coin across several exchanges  can have different values on each...or similar.

To see this check out www.alt19.com .....a great resource.....especially if you go to the

sortable table ( just click on a column's header to sort high or low)
that's shown in red of "market cap, price, volume,winners, losers"

Shows you a view of a coin over a day,week, month or up to a year at a glance.
(don't ask me why it shows XVG currently at 39 sats, it pays to double check numbers as things get lost in the api jungle and they have a disclaimer to that effect)

oh and .....your mileage may vary, Good luck!

That's nice. it's important to have a VERGE account to then transfer to this very honorable cause so as being something done by the entire community (if the community agree on it).

It is best to leave that to the multipools.

Stats are not always accurate by there are website for that like:

Whattomine
Coinwarz
- etc

i saw that

Info from Livecoin.net
https://www.livecoin.net

For owners / developers and official representatives of altcoins.

Also we recall that at the moment we are ready to add other altcoins to the exchange under certain conditions.
If you are interested in this, please contact me for more details via email [email protected]
or private messages on the forum.

LiveCoin
https://bitcointalksearch.org/user/livecoin-462136

Thank you for reply.
How to know which coin is profitable to mine ?

I'm not short selling until I can sell 1mil XVG for $1,000.

At least with this cheap price we are assured we will never be bag holders )

Quite the opposite we will have the money burning in our pockets. Will we be able to resist spending it 

heheh I know what you mean. The chinese translation is scheduled for next weekend (to be done) my friend has confirmed he's a tech guy and knows cryptos so I assume it'll be a good translation and posted in chinese main forum we'll be meeting in Zhuhai at a Pacific Coffee shop everyone is invited to join us! I contacted BTC38 and said 'DOGED' had evolved and rebranded they said they already had 'Dogecoin'   VERGE gotta have an enormous relief to break from those chains lol. weekend I'll have my friend call them and we set a date to meet personally in Shenzhen 'if needed'. I still think it's good to have VERGE first in Poloniex and I say that because some coins were "hijacked" into CNY and it pretty much have them eating on their hands so once Poloniex adds VERGE we have better changes of still holding high trading volumes everywhere. btw I don't have any direct involvement with XVG's development I just believe in it and share it's mission. sadly not a bagholders (as if there were)  

Yes quite a lot : http://www.bbc.com/news/world/asia/china

Yes that is the standard response.

Any news from China?

Whelp this is what i received from Poloniex this evening after asking them what the status of $XVG being added is -- :

"Hi CryptoRekt,

Unfortunately that information is not disclosed until the market is added, the information about listing or not the coin is never disclosed in advance, I am sorry for the inconvenience.

Best regards,

Johnny Garcia
Poloniex Support"

Apparently they are still looking into us.

Cheers-

Rekt

Fantastic.


Now if poloniex will just add us we will be in business...