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This sort of sounds like a bank that loses a month's worth of salary of yours due to a hack, then says they will reimburse you only when you have deposited a years' worth of your salary. Ok, not exactly the analogy I was going for but it makes sense in my head :)

I think it's maybe a way to get people to 'give up' on those unpaid external balances and rather switch to the internal wallet or other systems (MultiPoolHub, AwesomeMiner, Zpool, etc.). Either way, I will be forfeiting my +-R500 owed to me by them and changing to another service if I don't continue to mine straight ZCL via Suprnova. When I have a working PC again, that is.

One other niggle (prepare the tinfoil hats): Have you noticed how often NHM has to re-bench your cards upon a new version update? What has always bothered me is that you never get the 'earnings' of your benchmark results (others such as MultiPoolHub pay you for your 'bench' results), so perhaps this is their way of making up the balance they need to repay? :tongue:
 
PhireSide said:
This sort of sounds like a bank that loses a month's worth of salary of yours due to a hack, then says they will reimburse you only when you have deposited a years' worth of your salary. Ok, not exactly the analogy I was going for but it makes sense in my head :)

I think it's maybe a way to get people to 'give up' on those unpaid external balances and rather switch to the internal wallet or other systems (MultiPoolHub, AwesomeMiner, Zpool, etc.). Either way, I will be forfeiting my +-R500 owed to me by them and changing to another service if I don't continue to mine straight ZCL via Suprnova. When I have a working PC again, that is.

One other niggle (prepare the tinfoil hats): Have you noticed how often NHM has to re-bench your cards upon a new version update? What has always bothered me is that you never get the 'earnings' of your benchmark results (others such as MultiPoolHub pay you for your 'bench' results), so perhaps this is their way of making up the balance they need to repay? :tongue:
Click to expand...

100% dodge as fuck. Hate that their software is by far the most user friendly.
 
Are you guys accumulating or cashing out your mined crypto ?
 
sal12345 said:
I believe the technical term is HODL..
Click to expand...

Interesting fact about that word...

The intentionally misspelled word hodl has its roots in a December 2013 post on the Bitcoin Talk forum, “I AM HODLING”; when the author, GameKyuubi, couldn’t be bothered to fix his typo, the community instantly turned it into a verb: to hodl. Along with other terms, hodl is an effective litmus test for sussing out newcomers, carpetbaggers, and tourists.
 
Litecoin will fork into litecoin cash they launch date set 19 feb

Coin circulation 840 million ...
 
Everything is a scam funny how all coins and mining is still being pursued hey ,,,
 
And btc is going back to 10000usd level while litecoin pumps the regulations rather then full on banning has seem to move upward trend
 
Whats going on with Prices today, why everyone dumping so hard today.

I bought in over R140k .... thought will go up to R148k at least ..... :sulkiness:

Everywhere was Positive news, nothing negative, and such a huge DUMP .. WTF ?

I feel Sick now lol :(
 
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BTC at R122k as of this morning according to Altcointrader. Mining however is in my opinion still in the toilet when a 1080ti is making less than R40 per day on Nicehash.
 
I hope I am making this post in the correct spot. I didn't want to make it on the sale thread, but am not sure if I should have started a new thread for this. I just wanted to clear something up about Cryptocurrency as there is a thread up from Damac10 looking for gpu's to mine with that ended up with a lot of hate on it and comments from either side (gamers vs miners) coming thick and fast.

People seem to misunderstand cryptocurrency (cc) completely. Let me start off with the lyrics of an old song covered by Boyzone - "love me for a reason, and let that reason be love". Well that is exactly what is going on with cc at the moment. It is increasing in value, simply because "it is". In truth the only reason it has value is because it is a extremely secure method of exchange (and this should be the only thing giving it value, but by it's current trade value you can see that is not the case, people are trying to make money off trading it instead of simply buying and using it for its intended use). A share stock on the other hand has value cause it gives you a voting right in a company and access to a dividend. CC being traded like a stock is problematic, but being allowed at the moment until the powers that be can figure out what to do with it. At the end of the day the only legal tender that will be allowed in a country for exchanges will remain its local currency.

Damac10 is right though, cc is the future. We are living in a period of change though, like when they changed from gold coins that was actually worth there face value in themselves as tender, to money that is purely symbolic. Secondly the only reason cc is allowed to run at the moment is because there are some rich folks at the top who sees this as an opportunity to make money from so they are allowing it to.

There won't be a crash as such. Why, because this is a not a stock/share. All that is going to happen is when the rich folks feel enough money has been made and the central bankers feel enough crypto has been mined that their ability to control inflation with the supply of money in their country's local currency is being infringed upon, they will peg the value of the cc's allowed as tender in that country to the value of the local currency in that country. This will take the cc down to the value it should have as a medium of secure exchange, which is the only thing giving it value.

How long this will take, I don't know, periods of transition, especially when it comes as a paradigm shift in terms of how people are used to doing something specific takes time. The more people that mine, the faster it will happen. My personal view is also that when it happens, depending on the nature of a central bank within a country, they might ban mining and only allow the central bank of said country to do it (the mining), to control the release of cc.

Understand the nature of what gives it value, and you will be able to spot when to cash out, as you will need to do so prior to it infringing on the ability of central banks to control inflation.
 
ambroseg1 said:
BTC at R122k as of this morning according to Altcointrader. Mining however is in my opinion still in the toilet when a 1080ti is making less than R40 per day on Nicehash.
Click to expand...
GTX 970 making R17 per day for me mining ZCL

Sent from my XT1650 using Tapatalk
 
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