The thing that put me off though, is that's exactly how a ponzi works, the promise of profits in the future, that never actually fully materialise, you make good profits at first, then it's diminishing returns from then on. But you keep going because of promises and because you've already invested.

I don't see why, if it's legit, they can't limit the amount of traffic using their queue system, so that it's profitable but they continue to sell mining to people knowing it will lose them money. Think about it, new facilities wouldn't make it profitable, it would only scale-up the problem, if it can't be profitable now, then 10 supercomputers wouldn't make a difference, there would just be more people mining at a loss. Unless they impose traffic limits to guarantee profitability it's at best useless and at worst a scam.

The thing that put me off though, is that's exactly how a ponzi works, the promise of profits in the future, that never actually fully materialise, you make good profits at first, then it's diminishing returns from then on. But you keep going because of promises and because you've already invested.

I don't see why, if it's legit, they can't limit the amount of traffic using their queue system, so that it's profitable but they continue to sell mining to people knowing it will lose them money. Think about it, new facilities wouldn't make it profitable, it would only scale-up the problem, if it can't be profitable now, then 10 supercomputers wouldn't make a difference, there would just be more people mining at a loss. Unless they impose traffic limits to guarantee profitability it's at best useless and at worst a scam.

Airdrop is done.

The mining is actually worth it though, I've made profit every time I've done it. At first I tried it with my airdrop just to see, then kept doing it, it depends on whether or not the Accelerator Network is busy and token price as to whether it's profitable, they also plan to expand to decrease the price which should make it even better.

From reading the whitepaper and roadmap, ETH mining is not the focus it seems, it's just something that gives the token some value and use in these early days, the network can be used for tasks that people request on Slack. You're renting time on a supercomputer, not just mining. They are adding more currencies later it seems if mining's your thing though.

I'd like the ability to use teraflops on mining whatever I want at the time, in case a new PoW currency like Xios comes along again.

This gives the token the advantage over other PoS currencies, there are plenty that have no use whatsoever.

UPDATE from dev, I asked about why mining ether by buying ACC from Etherdelta isn't profitable right now. Here is their response


"Yeah, its never going to be profitable to do that. Otherwise anyone could just go buy ACC tokens, and make more money. That would be a scam. We make money by marking up the price of compute orders.  Thats how we build out the datacenter and add more capacity. The prices were really low to start because we needed to test the system at load. But the only way to make money with Accelerator is to buy the token and hold it. The compute pricing is inverse of the token price So if the token price goes up, the compute pricing goes down.


Once our datacenter is built out we will be lowering the compute pricing or building a larger datacenter. A lot more details are going to be released later this week, working on a new site and a built in buy only exchange."

If you guys have anymore questions then just ask.

This means it isn't profitable if you buy ACC Tokens and instantly use them for mining, you can hodl ACC and use them for mining when the price goes up or you use the tokens from staking every 3 days to mine.

Guys I will advise the Dev to list ACC in more exchange and coinmarketcap you will see the price of this token skyrocket because this token has a very low supply.