Not sure I follow. Are you saying because I feel one cloud mining service is possibly a ponzi, I should feel that way about all of them? How exactly do you feel I'm being a hypocrite? |
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Lastly, at the risk of receiving another 24hr deadline/warning from Josh for no legitimate or lawful reason, I submit the MtGAW reference be migrated over to a kinder/gentler name while the truth of his business's actions continues to slowly make its way to the forefront of this pre-ICO environment. Ladies and Gentlemen, I give you GAWGate (Law and Order dum-dum-dum theme heard in the distance).  A Texas man was arrested Thursday and charged with fostering a bitcoin-related Ponzi scheme, in what is the first securities fraud case involving the crypto currency ever lodged by US prosecutors.
Prosecutors said the defendant, Trendon Shavers, is accused [PDF] of promising investors "absurdly high interest" in exchange for turning over their bitcoin to him. Investors were falsely promised that their bitcoin was recoverable at any time, the authorities said.
Not that this directly ties into GAW, but it does show the feds are watching this space... |
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Yeah, not sure how what he said there matches up with what he said in his adver...interview. So is it hard, or easy, or hardly eay? Could you tell CCN how negotiations have been with the big retailers you mention and how you connected it all for your customers and theirs?
The great thing is we have the scale and lots of customers and mining power so we move 800 to 1500 bitcoins per day. That is larger than most all of the exchanges do, and we are not even an exchange. So negotiations are going well, and they have been easy. The companies see our scale and have confidence in what we have done, and we are doing. What? Don't most of the big exchanges do tens of thousands of volume in BTC per day? According to http://bitcoinity.org/markets/list, they'd be 10th/11th. And 800 to 1500 is a huge range. Not sure why it would fluctuate so much. |
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My initial thoughts was the "major retail adoption" was the fact that they would have a credit card act as the middle man. So in-essence, the retailers aren't accepting hashcoin so much as they are accepting Visa/MC. There are countless other compaines bringing to market a BTC debit/credit card, which I personally don't see the point of.
However, in the timeline image, it shows Major Retail Adoption before Credit Card Purchasing. So are they implying that they will have major retailers on-board and accepting hashcoin directly? Seeing as how most major retailers are still dipping their toes into bitcoin, I find it hard to believe that hashcoin is going to have direct interaction with retailers so early on. Why the hell would walmart/amazon work with a no-name crypto, when they have yet to embrace BTC? Unless Josh plans on paying them heavily, which if your a multi-billion dollar company, i'd imagine you'd have to pay them quite a bit.
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Transactional Immutability’s Speed of Network Visibility for HashCoin-- Along with the Hive of primes has centralization written all over it. The internal Hives of Primes(SQL Servers) will need to have special code to accommodate the data integrity issues that will arise.
[offtopic] I'd hope they'd invest in something other than SQL Server. Oracle can be pricy, but worth it. I've heard good things about Postgresql, though I've never used it. I'm in a mixed environment now at my work of Oracle and SQL Server. God I hate SQL Server. [/offtopic] But back to the discussion at hand, if they don't open this up to any miner/exchanges, I just don't see how it has any value. Doesn't it just become a circle-jerk for those that are in the circle passing around coins? |
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There are only so many outcomes for this: 1) Josh really truly believes he is on to something, and is a man of the people and wants to share his idea with the masses. In the process, he makes some good money, but all goes to plan and he is running a true "bitcoin 2.0" crypto-currency. 2) Total scam job. Josh knows it, and is just trying to milk it as long as possible. If that is the case, I can only hope CNBC will run an American Greed episode covering this. Either way, i'd be sweating the big stuff if I was in his shoes. He has a lot riding on this. If all goes well, he'll be praised, and a lot of people here will be eating crow. If it goes down the crapper, at best he'll be run out of the crypto-space. At worst he'll end up in jail with massive restitution fines against him. From reading a number of his posts, email announcements, and responses to his customers, I get the feeling the guy has a huge ego. So he has to make this bigger than life image to pump himself up. Which makes me think that he is somewhere in the middle of the above two options. He may have started as number 1, but slowly crept into number 2. Not because he wanted to run a scam, but he realized he needed money to get his idea off the ground, and the whole thing snowballed. There is just a lot of promises being made, which as the saying goes "if it's too good to be true..." |
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It's a SHA256 coin with some centralization sprinkled on it [...]
Which is funny, because the email I just got says: There are problems in cryptocurrency. Wild volatility, slow adoption, and vulnerability to centralization.
Apparently the cure for centralization is centralization! Wait, what? |
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Looks like there was some problems with blockchain.info for awhile that was holding up transactions. Just got my first confirm, so all looks good!
Really like this service so far. If I could ask for anything, it would be some kind of a daily/weekly email that summarized earnings. That way I don't have to log in each day and see how things are going.
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Trying to withdraw my funds, but I haven't seen anything yet. In Hashhie, I see the following for the withdraw: | Type | withdraw | | Amount | -0.03446194 | | Time | 2014-11-03 04:29:53 | | Withdraw address | 14KoEHLQyxq92swEmNpbYaYRARZ55avkob | | Withdraw TXID | manual |
I'm assuming that the last part, Withdraw TXID - Manual means it need to be manually processed by someone on the hashie team? |
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Can this be true, or another bitmain-please-confirm-and-they-never-confirm post? Cool News From Authy! More Traffic then CEX and CoinbaseAuthy, called us today to tell us that we are stressing their network :grinning:
They told us that we have more traffic then any Crypto customer they have in the world. Including CEX and Coinbase!
How cool is that? Congrats HashTalk
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[EDIT: suchmoon beat me to it!]FYI...more on Project Prime. ICO. Credit Card. Shopping. Delivery. Hey everyone, I wanted to let you guys know what we’ve been working on for months here and explain what we’ll be revealing very soon. First, how did we get here?Before GAW Miners even existed, we were miners. And, we saw very obvious problems in the industry. So, we started GAW Miners to go after the biggest problem, manufacturers and resellers; and we fight on behalf of miners. And, as we became successful making change, it became obvious to us that the industry was facing a very different problem. The power in cryptocurrency was very obviously shifting away from miners and toward speculators and large industrial interests. And, it still is. This isn’t good for miners. And some of us don’t even want to think about it. But, it’s the reality of the situation. And months ago, we knew the problems in cryptocurrency needed to be fixed before miners could regain control. Enter HashCoin.If you were to create a cryptocurrency that transformed this industry for the better, how would you do it? - You’d probably start by employing experts in monetary theory and cryptography.
- Then you’d build it on top of Bitcoin so that it worked with and improved its existing network.
- You’d combine proof of work, stake, and resources to foster stability.
- You’d build an asset reserve behind the currency so adopters would be shielded from risk.
- You’d make it work with existing infrastructure… so it can be used around the world, virtually anywhere.
- You’d showcase it to some of the world’s largest merchants and prearrange for widespread acceptance.
- You’d make it so it pays to hold the currency rather than speculate with it.
- And you’d make it incredibly easy to adopt, use and build for.
- You’d make a coin that people can actually live off of.
 HashCoin is what we’ve been working on for months, under Project Prime. It is, I’m confident to say, the single biggest advancement for cryptocurrency since the original Bitcoin white paper. We are working with some of the largest brands in the world. And, we will serve it up with HashBase. It is the base of the system. It will bring mining, coin management, blockchain explorer, community, and purchasing together. HashBase will allow you to mine a coin, search for a product, see search results from Target/Walmart/Amazon/Macy’s, and buy on the spot. A few days later, the product shows up at your door. And, in case you’re all wondering. We are having an ICO very soon. Our initial ICO round will happen in the next 2-3 weeks. Our minimum investment floor is 1 million USD, and the line of investors and banks is forming  . With the exception of BTC and LTC, our starting market cap will be higher than the entire market cap of any other coin in the world (and most of them combined). But, all our customers are able to participate through HashPoints. You’re going to be given exclusive access, among the banks and investors, before this coin changes the world. We are releasing a detailed plan later this week and our white paper soon to follow. We will also hold a video conference later this week for you to ask any questions you have. Let’s make history, GAW, CEO
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the 'free'ghs are not free if i have to pay to use them!
Do you go trolling AT&T and Verizon employees at malls that offer free cell phones? |
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I went to your site, hashie, and there are some typical red lights: no information about the owner, no address, not even a country of origin, the site is plain and gives no factual information, that would not only be helpful, but in this case (cryptocurrencies) essential for a potential client.
Not saying Hashie is good or bad, but a plain site with no owner information doesn't necessarily mean scam. I agree, i'd take a closer look at their thread here, and see what others that use the site have to say. But look at wafflepool. Very plain site, little info, but has done quite well and I don't think any one would argue about him. Hashie did post a picture showing them as ranked 9th on BTCGuild as a proof of their operation. https://bitcointalk.org/index.php?topic=822446.msg9229245#msg9229245https://bitcointalk.org/index.php?topic=822446.msg9230458#msg9230458Granted, they could have photoshopped it, as they only were up for 3 hours before pulling it down. I'd say it's about as much proof as GAW has ever posted. That being said, I've bought 100 GHs over there to see how it goes (plus they give you 10 GHs for free for signing up). I made a nice little profit on GAW from selling my Primes I bought at $16. So I'm playing with house money at this point... |
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I've been trying to withdraw some btc today and the same error message for the last couple of hours: Unable to process transaction at this time Does anyone experience the same issue? Must be over their API limits or something. Thought there's no API limits for posting directly to the blockchain... same here, I've been trying all day to withdraw and get the same message For anyone interested, I was just able to withdraw my BTC. |
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I also caught this: Moreover, the miner will be able to mine multifarious scrypt based altcoin, of which scrypt length can be 1024, 2048, 4096 (n = 10, 11 or 12). Not being in the ASIC game, do the other script asics allow mining on scrypt-n? If not, this is a pretty big deal, no? |
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i am running windows 8.1 with current rc2 beta drivers and cannot get more than 4 to be stable, though i have not tried since it have been running for the last 24hrs
Try BAMT, no issues with the 14.6 drivers and stable with 5 cards. What version of BAMT with the 14.6 drivers? I currently have 1.3 running super stable, and have upgraded my miner to the sgminer 5 beta (so I can mine all the algos). The missing thing for me is the latest at driver, and I was struggling trying to install it myself. Did you download a version of BAMT with the 14.6 driver or did you install it yourself? |
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Any chance the API can be updated to display stats for the multi-algorithm mining normalized values?
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For some reason it is marking some of my pools as dead, whereas the regular sgminer 4.2.1 does not. Is the logic to detect a dead pool different in this build?
Version? With my addings or not? Because i didn't change anything in dead pool detect logic. I got the source from https://github.com/sgminer-dev/sgminer/tree/v5_0, and built under Linux. So not using the binaries you built. For reference, two of the pools that are showing as dead are: stratum.simplevert.com:3343 stratum.simpledrk.com:3353 I'll try rebuilding again tonight, and see if that some how makes any kind of a difference. |
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Indeed.
That said, nscrypt with only two coins is already looking a fair bit more profitable then scrypt. Things might change once a significant amount of hashing power hits tho.
I keep bouncing between mining straight exe and waffles scrypt-n pool. I think if we get some more hash on the scrypt-n pool, i'd stay full time. |
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