Thank you for understanding
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i am not sure he will reply again. atleast not this thread
Hello all,
does it mean that GRIN cryptocurrency has reached the finish line and buying mining like G32 is money lost?
Thanks in advace for yours reply.
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Not at all in my opinion. Itâs just making a shift away from the Obelisks to the Innosilicon machines listed on https://www.asicminervalue.com/ Although you may want to go to the Innosilicon website to get a better price. But also, considering the nature of your question, you may want to consider paying a higher price from any of the vendors listed on the https://www.asicminervalue.com/ website to have your mining hardware âhostedâ, because âbuildingâ your own GRN wallet and setting up your mining pool, for most people is just too complicated and risky. Others on this forum may disagree but that is my opinion. --Cheers!
I donât think itâs any different for a mining company. If you are going to gamble with risky investments you need to do that with your own money not the money customers gave you in a preorder to fund a project.
Would I expect a mining hardware company to have a portion of their assets in crypto? Yes.
Would I expect a mining company to take money for a preorder and then gamble that money by leaving it in or putting it into a high risk investment before the product has been produced and delivered? No.
When speculating I believe you need to be in control, when bitfinex made thier shit coin after the hack I sold it at the day one price point and pulled off thier site and they can go die in a fire even if they eventually pay back everything according to thier little game, I didnât want to play thier game I thought all my money disappeared for two weeks and I wasnât trusting them and I got pennies on the dollar. Fuck them.
Poeple are only responsible for gambles they make in games they chose to play. If someone sent in btc to a kick starter of a coin related corp I think they should get bitcoin back as that reflects an actaul return to the original state. That this mining corp didnât call it a kickstarter doesnât change that it was in hindight.
The laws that make that impactical are wrong, and should be worked around with something or other in the future.
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The law of consequences has been around from day one. People shouldnât expect to be spoon fed and protected like babies. You donât take due delegence and get burned is expected. Totally appropriate. Are we gonna blame the bankers for the 2008 recession and ignore the fact that millions of people took out loans they knew they couldnât afford and in most cases couldnât even be bothered to read the terms. Of course not, these people who took out these mortgages deserve to lose their homes and live on the streets.
Every action/inaction carried consequences, some good some bad but entirely depended on the person taking the action.
You can whine about this like others cry about gravity. Truth is, this reality will never change and guess what, you will always meet the same fate when you jump out of skyscraper. Gravity doesnât care if u believe it or not, it applies universally
Can anyone explain why there is sudden increase in hash rate and difficulty since Aug 3
unknown pool has 27.5% of hash rate. Sparkpool had around 425 KGps until 2 Aug has increased upto 220KGps and now 635KGps why ?
4 a while i think, maybe they testing somthingÂż
Yes may be but such huge rise need a lot of GPUs
mmmmm. GPU mining will soon become -ve
Yes rewards have gone down upto 45% and at current price GPU mining is -ve but then how could someone with so many GPUs start mining is he getting free or cheap power. Or running some new own program which gives high hashing at lesser power
wait. how much GP can 3 NVIDIA 2080 give u
check the ASICS , itâs the ERA now
Itâs not a surprise that Obelisk failed, but it is a first that Obelisk is offering refunds. If they actually follow through with those refunds, that is.
In my case, Obelisk refused any and all refunds. They had an attorney tell the court a series of untrue things, like for example, that the sale was a âKickstarter Campaign.â The recording of the attorneys for Obelisk is all linked in this article.
Obelisk then force-delivered the shipments to me (after I requested that they keep it) and tried to shift the burden of disposing the e-waste on me. Iâve written regulators offices to complain, and UPS agreed to pick up and return the goods to Obelisk.
Iâll be interested in seeing if the GRN1 owners get refunds as expected.
Obliesk shouldâve branched our their resources more, I believe this wouldâve been a successful sale for obelisk and wouldâve profited them for multiple batches. They made the mistake of making a system that only mines 1 algorithm on a dual PoW cuckoo. Then, after siacoin and decred, fall through with this sale. Grin undoubtedly is been the asset to manufacture & distribute ASICâs for. Even with daily peers, with profits as they are and when ASICâs jump on the network, ASIC mining over the course of a year would be MORE than profitable.
Has anyone else been getting the runaround on refunds for the canceled GRN 1 Obelisk machines. The company in France where I bought from starts with the letter âSâ, and they were trying to shuttle their disappointed Obelisk clients into a crappy cloud mining contract. And they told everyone that they wonât get refunded until October because, âit has to go through our insurance companyâ. Well they should fire their insurance company!
How does anyone know theyâll get paid at all? Is anyone interested in a class action lawsuit for both Obelisk and the âSâ company?
When are we going to see more YouTube videos about GRIN??? And I know we have a GRN YouTuber out there who is trying his best, but why isnât there more interest?
sesterce?Âż[quote=âUncleWiggly, post:64, topic:5624â]
why isnât there more interest?
[/quote]
we are just starting, but things can come up, come â20â
Obelisk has paid out all GRN1 refunds as of this time. (all refunds actually completed a few weeks ago now). Only people who bought directly from Obelisk will have received refunds.
If you bought through a reseller and the reseller actually placed an order with Obelisk, that reseller will have already received a refund, and should be able to pass the refund through to you. Iâm not sure why insurance would be involved.
LOL! They got an insurance company to underwrite the risk of GRN cancellation? The company âSâ or formerly âBâ has shady practices to say the least.
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