PrettyBoyAJ
Master Don Juan
I'll invest some dollar tomorrow in that ICO and one more. What wallet do you use to store these alt coins? Don't think exodus would hold these.
What happens if the invoice isn't paid?A bunch of my friends bought into populous today at 20x. I explained the concept and they did their research and it made sense. I'm helping my friend buy some more tonight after I get back from the airport and grab dinner.
If I were you guys, is seriously consider tanning some. Basically how it works and I apologize for my cell phone typing is.
----
Vendor sells customer $10k worth of product due in 30 days.
Vendor needs money now for whatever reason this month and is willing to sell his 30 day due invoice for $9k and list the $10k invoice on populous platform.
AAAgent buys the entire invoice for $9k worth of PPT (populous tokens) and lends to to the rental invoice program.
Populous pays out 9k to Vendor after full receipt of PPT valued at $9k.
Invoice is due on 30 days and is paid in full for $10k and comes into populous platform.
AAAgent gets ALL his PPT from the platform and pockets the remaining difference of $1k on the invoice.
Vendor took a $1k loss because he wanted the money immediately and wins because he gets the cash fast.
AAAgent wins because he doesn't lose any tokens and earns free fiat.
I'm on my cell phone so if you want more info regarding collateralizing the invoices or recourse for default check or the website. All this information of the rental program was released last week and was what rocketed the ico price. Everyone is talking about how this will make and create generations of wealth.
Get your ppt now boys! Still cheap at 20x which is the new market price. If you want to buy from me directly, I'd be willing to unload some at 200x. ETH is dirt cheap so it's more like 100x what I bought in at.
Might sound like I'm pushing this and I am because I really believe this token will almost be priceless.
Pm if you want some.
I haven't bought into any "no usa allowed" ICO's or my friends would swap them for me as a way around it. People do use VPN's or TOR Browser to buy into them.Any of you guys up your limit on Credit Card instant buy on Coinbase? My limit is 500$ per week. Definitely need a bigger limit for the moves I'm bout to make.
Also do you guys use VPN when dealing with this stuff?
So I looked more closely at my genesis mining account and it's been alot shorter than I thought.@AAAgent, when you get a chance could you please explain the mechanics of how you make money from lending out crypto?
Also, when you say is the best time to buy additional hashpower?
So had two payouts thus far. They look ridiculously small.So I looked more closely at my genesis mining account and it's been alot shorter than I thought.
I've actually only been mining for about a little less than 2 months (It's been so crazy i don't even remember what I did a few hours ago). Spent about 7.5k and made about 1.5k in the span of less than 2 months. Looks like breakeven will be less than 7 months. MAy/June was a crazy month where BTC, ETH, spiked alot. LTC spiked alot in June/July. I use the appreciating coin/tokens to make upgrades.
Also, the more miners there are the more blocks in the block chain that get solved,
the more coins that are released, and longer the blockchain gets as a whole. So the longer the blockchain gets, the more difficult the algorithm gets, the longer it takes you to solve the blocks at the same hashing rate. If you want to maintain consistent payouts you gotta make small upgrades every week. 7 months is very fast for breaking even in Genesis. Normal is about 1 year I believe. I hear people make $10-$20 upgrades.
This does not factor in the appreciation of the crypto currency and is only factoring the dollar value of the crypto at the time it's paid out to you. If you're holding all the crypto and only sell on increases, you'll break even faster than 1 year.
I took out the ETH contract straight away and like I said based on what I've been paid last 3 days it works out at about $3 for the entire year...so either my calculations are way out fornthe payout will rise soon?have you done breakeven calculations? They are almost all roughly around 1 year breakeven on 2 year contracts.
Use the calculators I posted in previous links. You probably made a big upgrade recently correct? the $300 is what you spent total. But if you didn't make a big upgrade until today, that pay out is probably for the first day two. The new contract will take about a day to update into your payouts. Screenshot me your completed orders.
Remember if I upgraded/bought a $100 eth contract on my first day for 2 years and I don't get any payouts in the first 2 days, it's because i'm mining like $0.30 (ROI is roughly 1 year) a day on average. More likely you will start at $0.45 and slowly go down to $0.15 a day if you don't do any maintenance upgrades. You will still get the ROI in 1 year though. I do maintenance upgrades to maintain consistent payouts. I also get referral hash power upgrades which helps with maintenance and faster ROI.
BTC is not a 2 year contract. It is open ended. Kind of like a forever contract or if it becomes unprofitable to mine you lose it. I believe in crypto so I think this will be around. Since it's kind of a lifetime contract, payouts are lower since you will get paid out indefinitely.
---
FYI i did my math wrong the first time and edited it. The numbers are now updated but is meant to be a rough example.
screenshot me your payouts page and your contracts and your hashpower. Doesn't sound right.I took out the ETH contract straight away and like I said based on what I've been paid last 3 days it works out at about $3 for the entire year...so either my calculations are way out fornthe payout will rise soon?
Which sites would you recommend for making loans. Still.not entirely sure how it works. Are you loaning out fiat or crytpo?
Let me ask the guys as they are all friends. I don't think they'll want someone they don't know but will keep you posted. If one of you guys wants to setup an off forum chat group online, I'd prefer that. I don't like my phone vibrating with 500 text messages all day long.Anyway I can join the group chat? If so just PM me. I'm trying to get my friends on board but no one has or is willing to put up the money.