When does paycoin switch from PoW to PoS?

Bitcoin difficulty is probably going to rise slowly in a few days, nothing to worry about.

If profitable, which many people feel is no longer probable, it will be a long, long, long time until you realize a return on your investment. A more prudent option would be to simply use your funds to purchase the coin and wait it out....making sure to use a reputable company or individual.

An affiliate is a type of employee. You are renting your time and reputation here on BT for a chance to get a few sheckles. You are employeed by them and can mislead newbies into investing into a likely ponzi.


If they stopped the sig campaign than why do you still promote them? Please remove that signature before more people are duped.

You are part of the problem but you can do the right thing to change that and raise your standards.

I'm not trying to be an asshole and you are probably a decent person and have just been duped into thinking promoting likely ponzi's is ethically acceptable because the prevalence seen here. It is not. We need to raise our standards and limit the scandals. Cloud mining companies need to be more much more transparent.

If you give me proof that this Service is Ponzi Scheme directly I'm calling police. It is the duty of every citizen! If you hide such information you also can be punished! Remember!

If I thought it was a ponzi I would not have start to be part of the signature campaign. I don't think cloudminr is a ponzi but they have not given all necessary information to assure it's not one.
If it was a p, I would lose all payments I received in the form of GHS so I would not have earned from advertising them.

Cloudminr is still giving me free GHS to keep the signature. There are many cloud mining sites that are not more established than cloudminr and have signature campaigns...

Cloudminr has been paying me and I have not seen their mining facilities but I don't think I have to go as far as being a cloud mining expert to advertise them!

Ok. Just say that was your sugesstion/opinion and we close this case..

After 2 consecutive drop, difficulty is on the rise again.

do not buy cloud mining unless brand is reputable (ie has proven to ship, own and run mining hardware)

1) how does it increase centralization ? Last time i checked (will vary on exact service model provided, but still) cloudmining doesnt attribute new mining, rather transfer ownership of existing hashrates. Depending on exact terms of service, theoretically users can aid DEcentralization by selecting alternative pools

2) yes. and no. far too many, far too volatile factors will shape the final return. Whilst obviously everyone wants to make money, the ROI is near impossible to accurately predict. I'd say cloudmining shouldnt be seen as a sure-fire way to make  money,rather it should be seen as a way to try out mining without taking on the risk of spending > $2k on mining hardware then have to have all the associated headaches (cooling, storage, noise, maintenance delays etc). You can switch on switch off your cloudmining at any point, and see daily BTC returns (even if miserly) and at worst, youre risking 10-15 bucks to learn first hand. On the other hand if you make a paltry 5mBtc per day for a year and Bitcoin raises by 30-40% you could see a significant ROI.

basically its low-entry, low-risk mining - users can try it, hate love it, continue dump it without ending up with the world's most expensive heater in the garage

i agree its a complex process, but i cant see how it hinders the BTC ecosystem or how anyone can say with confidence what their ROI will be

Centralization of the hardware , just like storing all your coins at mtgox , leads to security concerns... owners stealing hardware, theives targeting mining centers , fires, network outages, ect...



While a calculator cannot determine the expected future difficulty it gives a rough idea if you map out a range of possibilities and buying BTC directly is far less risky despite what you say.