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I (Zooko) don’t call it that because it’s not “pre”. (And it’s not mining.) Also, unlike a typical “pre-mine”, the Zcash Founders’ Reward is transparent and it aligns the incentives of the creators and the users of the system.
You need connections,good networking communication skills, some good media presence, some real luck and do shit load of meetings to close a round of funding which is very inefficient if you come to think of it.
The specific dynamics of an ICO may vary. They typically include a few weeks of raising money, at least, and try to raise as much as there is demand. Occasionally, some ICOs will instead cap the total amount raised (such as DigixDAO which capped the total fundraising at around $5.5 million). A small percentage of tokens are usually reserved for early promotion bounties, such as forum signature campaigns or social media and newsletter campaigns.
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Overall, we are seeing payback periods in the 3-5 month range for all NVIDIA GPUs excluding power and cooling costs. Given the volatility of the markets, expect this to have wild swings. For the STH readers who have machine learning clusters that may have periods of downtime, our nvidia-docker miner can help you earn some of your money back with mining.
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John Davidson Rockefeller Sr. is widely considered to be the wealthiest American that ever lived. Over his investing and professional career, he amassed a portfolio worth an estimated $392 billion in today’s money.
@Brent I think it really depends if that is the “all in” cost. What I mean that is the advisor could be quoting you 1.75% as their advisory fee but that doesn’t include the cost of the actual investment holdings like as mutual funds or ETF’s which can drive up the cost even more.
So, as is always with the case with any investment and never more so than those that can give investors returns in excess of 100% in a matter of months, there are pros and cons for the investor to consider.
The hype reached a peak when names such as Toyota and Microsoft were involved with Ethereum. This led to massive coverage by the media which prompted a demand for ETH which leads us to the 2nd factor.
Bitcoins and other cryptocurrencies have been legally accepted as money in Japan since 2014, owing to a government decision that acknowledged that there are no existing laws that can unconditionally ban individuals or companies from receiving cryptocurrencies as payment.