Crowetic's "WorldMine" - Lets Analyze its Performance (Exposed)
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Yes. as mentioned in your ban message they tell you to take it up with crow first. I think that's a good idea and see if he can offer you a well established explanation before we go and 'ruin' his asset here. I do agree the numbers are off, but maybe there's something else going on that hasn't been considered. Just like what happened with BTCDragon, which was an unjustified attack which sparked a major volume decrease for no real reason.
We are still family! even though both forums see each-other as those annoying uncles that you feel disgraced you share a bloodline with.
ah well, I'm curious what you'll find. keep us updated!
Thanks for your research!
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that is what he said in his thread, and plus not to go against your evidence, but in my opinion I like worldmine and its no power concept
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@HiDevin said in Crowetic's "WorldMine" - Lets Analyze its Performance (Exposed):
that is what he said in his thread, and plus not to go against your evidence, but in my opinion I like worldmine and its no power concept
Could just be me, but I don't see how these few lines of text would change the accusation? the numbers still don't add up. Who the investors are is completely irrelevant to the total sum of profit made?
Edit: I thought about his statement for a little as it seemed really off to me. maybe what he means is that 25% of the total mining operation was put into the million asset shares and that those resemble the 25% of the entire mining operation, ergo the 4 times lower payment (as it is 25%)? It's definitely not what he said though, and if it is what he meant I think we should look at the profit made from the asset sales and compare those to the total mining hardware.
Either way his reaction seems off to me... not sure what you guys think?
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@keyd0s my two cents, really to me, i think worldmine is a great asset, and it did say in his OP that 25% of the farm would be released to the public.
Crowetic is a really trusted guy to me, im not saying your wrong, but to me, I think he's pretty right about this. :P( do i get flamed for saying this? hope not :P )
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@Bitdv Yes I have heard of this before and like its concept a lot. I am not really getting revenge for anything, I am just using a completely number based argument against the asset. I really don't mean to bring wrath against crowetic or become enemies with him (although I know doing this would undoubtedly create enemies). I really just wanted to show numbers that I got and let people be aware of how low paying this asset really is compared to a theoretical asset that used all its funds for a GPU mining farm. I am happy to be able to inform uniformed investors about this asset's dividends and hopefully save them money. Let the investors decide how they want to take this.
@HiDevin To respond to what he said: "Get in to a great operation at the ground floor, while at the same time helping to further a large relationship with BURST and a new partnership! Don't worry about paying fees for running your own miners, grab some of WorldMine asset, and collect dividends without the hassle! Don't worry about managing your own hardware, let us do that, you simply reap the rewards. :) Thank you and enjoy!" - Crowetic from the announcement thread. He led this asset to be a mining asset where you will get the same rewards as mining yourself, and supposedly even better rewards because running cost would be dealt with by his outside investors into the farm. It is far from that to say the least. I don't care if he tries to explain that the low dividends are caused by percentages going to different place and saying that the farm was already built from the beginning. He is not doing investors justice by running a GPU mining asset that pays this poorly compared to what it should be if the investors funds were actually used to buy equipment to mine with.
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@HiDevin And to this second post, I respect whatever opinion you have about his asset even if I don't agree with it. I've seen you around this forum and I think your a great guy :) Happy Bursting, Don't worry, I only do post like this to asset's that deserve it :P
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This is close to exactly what I bought except for a couple things that I would obviously change now from when I bought the rig.
5x MSI Rx 470s
1x EVGA 1000w PSU
1x Gigabyte 5 PCIe Motherboard
1x 4gb DDR3 Ram
1x FX-6300 CPU
5x PCIe Risers
1x 320GB HHD - You could also use a drive that you are mining Burstcoin on as your main drive!Case was built by myself with some wood. It was very easy and can really save you money to do it yourself.
I think this is everything. I got a pretty good deal on the GPUs so I would definitely look around a little before you buy those for a better deal than shown here. I think anything under 180$ for the 470s is pretty good.
Once you get everything, Gpu bios modding is definitely something you should do. It does not take that much time and makes your performance soooo much better. If you end up buying these parts you can pm me on help on bios modding and Ill help you out haha
It mines Burstcoin, Ethereum, and Decred With 17.2 TB, 145MH/s, and 2100MH/s respectively.
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I own 121 shares and this is what my dividends look like weekly. I think i received as low as 16 and as much as 42 over the last few weeks. i dont own many assets but i do appreciate a weekly dividend.
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@stupendelious I wasn't having a go at you all mate, i dont know the numbers and i was really refering to the ban, i havent looked at the numbers i did own some , wasn't happy with the returns so got rid of them , as every trader has there own opinion on there own trades , you could be right? honestly dont know
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@stupendelious wow what sort of money you making daily?
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@stupendelious , ilike you a lot man, so i'm going to lite on you this time.
Please do your homework properly. As fancy as those numbers are and your math is brilliant (i mean it) , you are forgetting a very important aspect : both worldmine and uniburst started as private assets and SOME of it was also released to the general public. Crow isn't selling one asset after another, in fact he is giving people the oportunity to get in on ALREADY FINANCED PROJECTS. i think uniburst alone had 75k dollars financing alone before it even bacame an asset :D
Is he way behind on building the rigs? Hells yeah!
But ask yourself why that is. Do you have any idea how many hours per day that man wastes talking to people? People like you and me that have questions and he's available all the time and open to everyone. That's why he's late.If it's of any help, have a look at a joke video i made with him showing and explaining all he's building :
So again, with all due respect for your research and apparent vendetta.. you are very wrong.
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@nameless Woah, nameless is joining a discussion. Never thought I'd see the day ^^
But you actually do shed some light on something that I hadn't earlier taken into account myself, so thanks for that. Now it does make sense that the payouts don't equal the investment amount the asset made. and if he's to make more rigs I guess that'd improve it. I'll make sure to put the pitchforks away for this moment ;pHowever looking at asset sales the asset sold about 190k shares at different prices, which translated into 18.125.000 burst at that time. At the burst prices at that moment this still resulted into 9750USD (Taking a USD price of 0.000538/burst, as per januari 1st 2017).
9750USD
Now looking at what the asset had at that moment, quoting his ANN:
17 - AMD 480 GPU (with a few more being setup shortly)
12 AMD 370 GPU
56TB with another 40+TB being added shortly (will post final amounts when complete) - HDD mining for BURSTIt's easy to see that the money made from burst sales doesn't nearly equate to 25% of the hardware which it should. the 190k share-sells alone could almost finance this, and there even were 60k shares unsold so in reality only 19% of the asset costed the 9750 and if he sold the full 25% the number would be around 13.000 - 14.000USD .
Now I know there's a lot more things to be bought apart from the hardware, like space and cases and motherboards, ssd's etc. but I guess this would explain the low payouts in comparison.
The askprice either was too much, or the higher 'worthy' payouts will come once the project is being expanded.Note: I'm not saying crow shouldn't take a profit as well and ask a higher price than it's actual hardware-worth. but he also holds a 10% share already for maintenance so I think this amount was a bit out of proportion.
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@keyd0s it's true that if you analyze things as they are right now the gear/shares sold ratio is off by quite a bit :)
i talk to crow on an almost daily basis and i have a ''close eye'' on progress if i may say that.
he buys hardware when needed only. there's no point in him buying say 50k dollars worth of gpus that will take months to install , when in those months he might spot a better price on some better gpu and pick those up instead. So all the hardware is bought as the rigs get built...I don't blame anyone for making the assumptions that they did. From an outside perspective it makes a lot of sense.
Crow will actually put up a live cam into both locations of the rigs within a week or two and people can always watch the live progress of the builds at all times :P
And i always join discussions if i find them relevant :)
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While we are on the subject wasn't Income asset Crowetics maybe first asset. And is that still a growing asset or is it abandoned for the newer ones? Over 500 invested in that one.






