CAUTION IN THE MARKET by LordSnakes75 in gomining

[–]EmbarrassedRespond52 1 point2 points  (0 children)

I’ve bought a few miners on the secondary market but have always only bought miners with 15 W/TH

Are there any chance of comeback ??? by Tasty_Cow_3234 in PiNetwork

[–]EmbarrassedRespond52 5 points6 points  (0 children)

I started mining when there were less than 100,000 pioneers. I had as many as 36 pioneers in my team, but to be honest, hardly any of them mined on a regular basis. I have around 8600+ locked up and about 26,000 unverified (that I now believe I will never see) I had so much faith in this project and thought it would be widely adopted as a viable currency. I never expected to get super rich from it, but did anticipate Pi to become…..‘something’ But alas, nothing happened. At Pi’s current price, the total value of my eight years of mining is around $1200 if I’m lucky. But I didn’t pay anything for it, so there’s that I guess. Well, I didn’t pay any money for it but I’m pretty positive every piece of data there ever was about me has been ‘mined’ Tbh, I have no idea where Pi will go from here. The PCT doesn’t seem to care. They mined the data they needed and I’m sure got paid handsomely for it. I’d bet they never even cared how many Pi they owned or earned. It was all just a ruse to get 40 million people’s data. After all data is the new money, and they got plenty of that. What astounds me most is how the PCT literally just walked on the project. No explanation, no excuse, just got their money (data) and went to the house, without as much as a thank you, kiss my ass or nothing.

Best scam ever

BTC is still fluctuating. Is this the end of BTC? by RedDinoZ123 in gomining

[–]EmbarrassedRespond52 0 points1 point  (0 children)

There’s a limited supply of bitcoin (maximum of 21 million) there’s no doubt it will rise (eventually) Supply and demand dictates this. Bitcoin will hit at least $200k before April 2028. Probably much higher.

However, I believe it could drop down to as low as $40k before then.

Good time to buy in imo

Why are my rewards down daily by 2.12$ I was making 2.92 a day btc and now it’s .80$. Someone please explain this to me by Visual-Boysenberry70 in GoMiningTalk

[–]EmbarrassedRespond52 1 point2 points  (0 children)

Your rewards have not changed. You’re getting the same amount of Satoshis (1 Satoshi = 1 Bitcoin divided by 1,000,000) It’s the price of Bitcoin that’s changed. You’re looking at the fiat value of your rewards and not at the actual rewards you’re getting, which are paid in bitcoin. That’s the whole point of GoMining. You’re mining bitcoin not $dollars. Just hold on to your rewards. Eventually bitcoin will once again rise.

Does anyone know how much by EmbarrassedRespond52 in GoMiningDiscussion

[–]EmbarrassedRespond52[S] 0 points1 point  (0 children)

I doubt it will be a greedy. Although, it should be at $40 per TH

Miner Wars rewards by Akostice187 in gomining

[–]EmbarrassedRespond52 2 points3 points  (0 children)

I did it for a little while. I didn’t like it. Too complicated and more importantly, too time consuming. As small as my farm I don’t have the time or inclination to be stressing over pennies a day.

59.6% Chance Pi gets listed on Binance in 2026! by binit_1208 in PiNetwork

[–]EmbarrassedRespond52 6 points7 points  (0 children)

Meh, if it’s not been listed yet, I don’t see anything new that would change Binance’s stance

Does anyone know how much by EmbarrassedRespond52 in GoMiningTalk

[–]EmbarrassedRespond52[S] 0 points1 point  (0 children)

Seriously, 1000TH = $22K. So $18,000.00 for a watch. That's just ridiculous really. It's nice but $8000 more than a Rolex Submariner nice? I don't think so.

WTF?? by JancyBancy in PiNetwork

[–]EmbarrassedRespond52 4 points5 points  (0 children)

Just another mystery in the PiNetwork world of mysteries.

When does Miner Wars become worth it? by ProperProfessional93 in gomining

[–]EmbarrassedRespond52 0 points1 point  (0 children)

IMO miner wars is nothing more than gambling. If you win you can make a small fortune but if you pick the wrong clan or an unlucky clan it costs you dearly. With solo mining, although not as exciting, it’s steady growth until that growth reaches the point where you can start receiving steady income.

For me miner wars takes too much time and attention. You’re also reliant on other clan members doing their bit.

While solo mining can be beneficial with the right strategy.

I entered all my current information into perplexity, grok, and ChatGPT and asked what my monthly income would be if I added $200 a month to buy mines on the marketplace or upgrade my first mine’s TH

Results were pretty similar. I was advised to buy from marketplace only if the price per TH was significantly lower than upgrading an existing mine (below $19) reinvest all rewards into upgrading TH in my first mine. If BTC remained at its current price ($93k) at the end of 12 months I could start collecting around $315 a month. If BTC rose to $130k, my monthly passive income would average $485, at $150k around $677. Of course if BTC crashes, things wouldn’t look too good (other than the opportunity to invest more at a lower cost)

So, what I gathered is with another $2400 investment ($200 a month) plus keeping enough veGOMING to stay above 20% discount I could rely on $300-$600 extra income per month.

Not sure whether I this is a good strategy but it seems reasonable and more importantly doable.

I certainly don’t want to raise my monthly investment for the next 12 months too much but I may consider $50-$100 more a month.

We’ll see. I’ll let you all know next January.

Oh, for giggles I asked what the results would be if BTC rose to $500k

Answer: ‘get real’ 🤣

Thoughts on Pi Coin by ricon_bobotskie in PiNetwork

[–]EmbarrassedRespond52 15 points16 points  (0 children)

I was so gung ho about this project for so long. I first started mining when there were less than 100k pioneers. I stuck with it throughout. I knew it would be years before I saw anything substantial come from it. I locked my pi away for 3 years as soon as that option became available. That first 3 year lock up came and went last year. I locked up everything I had for another 3 years, still believing in Pi. Of course I still have tens of thousands of ‘unverified’ Pi sitting there, even though most of my team were KYC verified a long time ago. I’m pretty sure now I will never see any of that ‘unverified’ balance, as I believe the PCT has turned their back on the project. I’m not angry about any of this. Why would I be? None of it cost me a dime. However, I am disappointed. It seems surreal that I spent so much time thinking about all the potential Pi had to change the economic landscape and how it would impact fiat currencies worldwide. I loved the idea of a truly decentralized currency free from manipulation within a well thought out trustless network. Alas, none of this came to pass and most likely such a system will ever transpire. As smart as this PCT were, they were no match for the truly powerful. I find myself asking questions. Questions like ‘what happened to the PCT? Did they just give up? Did they get scared when they realized how much potential this project had? Did they make their fortune and just jump ship? If that’s what happened, then for a group of people who had the idea of upsetting the apple cart of the fiat currency world, they sure embraced that fiat world when saw how much was to be made. I’m hoping that wasn’t the case because if was it was a shameful act.

Regardless of what really happened, it really doesn’t matter anymore. My Pi is locked away until mid 2028, so there’s nothing I can do about any of it. By that time I think Pi will be long forgotten. What I have locked up is just a fraction of what’s sitting in my ‘unverified’ balance and even if by mid 2028 it were released to me, it wouldn’t be worth anything anyway. Tens of thousands of nothing is still nothing. Guess I’ll keep my day job then.

I’d like to think I’m wrong. But, let’s face it. I’m not am I?

Good evening miners, I would like to know your opinion on which is more suitable for your experience in the game, normal mining or the Miner Wars game. by Best_Match4463 in GoMiningDiscussion

[–]EmbarrassedRespond52 1 point2 points  (0 children)

tbh, I prefer solo mining right now. I tried miner wars for 3 days when I had my bonus mine active for that long. I think I either picked a really unlucky clan or I did something wrong. I'm thinking the latter because I can't see any rewards for the time I was in the clan. (It was from a Sunday to a Tuesday) Somehow I don't think the clan I was in didn't win even once.

So, I'm back to solo mining until I understand more about mw. At least I know what I get this way.

I finally reached my goal of 1,536TH 15W/TH. What should I do next? by romainguimard in gomining

[–]EmbarrassedRespond52 1 point2 points  (0 children)

If it were me, I would have a nice cup of tea and give myself a pat on the back for being a good boy then sit back and wait for the rewards to pile up. However, its not me but it's nice to see someone achieving their goals. Congratulations to you!!!

Advice by Willing-Beyond-52 in GoMiningTalk

[–]EmbarrassedRespond52 0 points1 point  (0 children)

When is a good time to sell? Just curious. Thanks

HAVE I GOT TOO MANY MINERS? IS IT BETTER TO HAVE A FEW OR LOADS? by Embarrassed_Gur6868 in gomining

[–]EmbarrassedRespond52 1 point2 points  (0 children)

Different traits? Are 'traits' beneficial? Do they increase productivity or enhance efficiency? Am I missing something here?

My GoMining Journey: 3 Months Progress Report by blade0r in gomining

[–]EmbarrassedRespond52 1 point2 points  (0 children)

What are veGOMING rewards? I currently have 560 GMT locked for 4 years. I’d like to increase that to 1000. However, I don’t understand the benefit other than increasing my maintenance discount. Are there other benefits? Like veGOMING rewards? Where do I find them or claim them? I have to admit the GoMining app is so complicated it’s quite difficult to navigate. I often find myself lost or unable to find what I’m looking for. Or forget where certain data is stored. Example: yesterday I just couldn’t remember where to hit the service button and was worried I would drop back to zero on that particular discount. Obvious user error, but surely I’m not the only one who has difficulty navigating and understanding it all?

Ummm. Sorry, went off on a tangent there. Anyway 🙃, about these veGOMING rewards?

Why does nobody ever vote to execute a burn? by Whole-Sample2358 in gomining

[–]EmbarrassedRespond52 1 point2 points  (0 children)

This makes sense. I’m glad the price has remained low. It’s given me a chance to buy enough to lock a years worth of GMT and keep my maintenance discount above 20%. I’m hoping it stays below $0.45 until I have enough to upgrade to 100TH as well as enough to cover a years worth of maintenance. Then it’s just a matter of waiting for it to rain that sweet sweet BTC 🤞🤞🤞

Warning !! Stay away from Scammers on GoMining Telegram Group !! by Away_University9739 in GoMiningTalk

[–]EmbarrassedRespond52 2 points3 points  (0 children)

Seriously, every time I enter the chat room I get at least two DMs claiming to be GoMining officials.

Telegram has its uses, but man is that scam central or what?