hashie i have some questions for you. as i understand you will be sued and end up in jail. i'm a bit worried about my frostcoin after they lock you up, can you please release a windows wallet so your customers could keep their frostcoins untill you are released from prison?
another thing, what should we do with our frostcoin while during your jailtime? you will not be able to pay dividends so i thought maybe we could stake that coin and i can grow my single frostcoin into several upon your release.
look at your competition, gaw has released paycoin wallet and now when they go to jail i can still keep my paycoins in my computer and stake them. producing songs is of course important, but wallet and staking is very important too so i hope you look into it more seriously.

Probably because they use bitstamp exchange data to compute percentage and bitstamp is down.

Hashie is no longer an option. If you don't trust in Havelock, you'll have to wait. AMHash announced that a marketplace for shares will be launched on their site and when the situation about BTC gets better, new shares will be sold.

I must admit that with a decreasing price and an increasing difficulty
One will give in sooner or later although Bitstamp having issues as a sidenote might be a problem

Name   Power efficiency   Maintenance fees   Fees/Earnings   Last Price
UMISOO   1.0W/GHS   $0.0022896/GHS/Day   Infinity%   0.0003599BTC

Why did fees/Earnings just change to Infinity% ?

Looks like they didn't land that Amazon contract in spite of Josh Garza's declaration in Miami.

Oh well. I was IP banned from Hashtalk after my last email spat with Josh.

I cannot post my public acceptance of his 100 BTC bet with his Cashtakers vs my block eruptor. =/

same question. i also submitted a ticket ..

Yeah, the price of Bitcoins has to fall to around $260-$280 due the maths in the macro economics involved in the older generations of crypto currencies.

Essentially, the currency has to many miners who are not investors or backer of crypto currencies, but these people are purely interested selling of their Bitcoins for Fiat currency e.g. Dollars, Pounds, Euros, etc. Therefore, they are simply mining to sell off their Bitcoins or whatever crypto currency and cash out into Fiat Currency.

Currently, what has been attempted has been to increase the mining difficulty to offset boom in demand for Bitcoins (boom is when prices go unrealistic levels in a short-term period compared to the long-term). The better policy would have been, the biggest holders of Bitcoin releasing some of their stockpiles to prevent the original booms in Bitcoins prices and buying Bitcoins back in slumps. For example: 30% of all the Bitcoins are owned by about 10 people, the entire price difference between a price of $276 per Bitcoin and $360 in $1 million dollar or 0.026% of the current market capitalization.  Therefore, it should be impossible to have a boom in the Bitcoin price unless the people with the big holdings are not following macro economic rules.

The policy of pushing up the mining difficulty to maintain an unrealistic prices has caused a knock on reduction in miners willing to hold their Bitcoins for 2-100 years, this is because they need increase their hashing power to maintain their yields, which means a bigger demand for mining equipment (and cloud mining) purchases, which equates to more miners needing to sell Bitcoins or providers needing to sell Bitcoins for Fiat currency.  

Alternatively, if the biggest holders had managed the price downwards it would have choked off Fiat Currency Profiteers entering the crypto currency market place in the 1st place.

A simple equation: the price profitability of being a miner should be below the value of doing extra hours of overtime in paid employments= choking out Fiat Currency Profiteers.

The other equation that matters is: each day the amount of people seeking to cash out into Fiat currency must equal the number of people seeking to buy in with Fiat currency, the price will go up or down according to imbalances in this equilibrium.

For example: Bitcoin S5 is $413. A Quality PSU is $160, a Raspberry PI is $56 and Postage is $30= $659.

In the USA (Current price of $278), with 50% jump in difficulty over 1 year results in profit a $678.5. If the person spends 1 hour each week on maintenance and research, this equals a wage of $13 per hour. Many people will reckon 1 hour of overtime in the office or in a factory would be easier then messing about with electronics?

However, this equation has been completely ridiculous when the price of Bitcoin was $800, per each hour invested by miner they made $56. Obviously, this was always going to attract Fiat Currency Profiteers!

Turning to hacking or theft of Bitcoins from major companies like MT.Gox. This has clearly, shaken the less informed investors interested in Bitcoin and other crypto currencies.

The design of Crypto Currency has a theoretical possibility of being a platform for zero theft existence for businesses and large investors.

The Bitcoin organisation or the original designers simply didn't see how close their crypto currency was to zero theft existence for businesses and private investors.

Essentially, the Bitcoin or new crypto-currency would set up a premium services for businesses to lock their wallet across the peer-to-peer network, up to 50-100% volume could be locked down  according to operational needs. Therefore, not only would a hacker have to steal the wallet, break the encryption, but also contact the Organisation to move coins of that wallet in large volumes, consequently contacting Bitcoin would reveal their identity!

Secondly, looking at the owner of Mintpal stealing depositors Bitcoins, these Bitcoins ended up on in his wallet. As a peer to peer currency, people will publicly know or be able to trace his wallet with the stolen Bitcoins on and other people should be able to lock his wallet on the network through 40%-50% vote in favour. Therefore, making it impossible to to profit from the theft of that crypto currency. Peer to peer wallets for crypto currencies should have voting functions (like internet jury) to lock wallet of a person accused of stealing coins on the network.

At the end of day, most miners or cloud miners of Bitcoin would prefer lower Fiat prices for Bitcoins or Litecoins then turbo charged increases in mining difficulty, because if you plan to hold the currency for 2 years or more (1 year 8 month to next block halving) then a greater volume of Bitcoin on past expenditures is better each day then a higher Fiat currency price.

Well, if it becomes general consensus that bitcoin is doomed

then that view will become oversold if you will and then the

marketplace will presumably take measures to ensure that it

survives. My belief in the rationality of healthy markets is

unshakable. There will be a tipping point, maybe a gigantic

scam much bigger than Mt. Gox or a major mining bankruptcy.

There is way too much complacency and penny stock-to the

moon mentality. A major shock could do wonders for reality

perception.

There never is any meaningful volume.

BTC on a good 24 hours maybe turns over what 50 million dollars.

That´s like 1/60th of Facebook volume in a 6 1/2 hr. market session.

But IF BTC is to amount to anything in the future then massive volume

will come in at some point. With such a tiny float a billion dollars could

send it up dozens of percent in virtually minutes.

For what it is worth I do believe they were hacked. (or maybe self hacked)

How do I know?

December 26th I purchased a firehasher. Deposited the funds to buy one. Purchased one and afterwards my BTC balance showed 2+ BTC. When I made my deposit from coinbase it showed the deposit 3 times. (those who used coinbase have seen that error before.) Because it looked like I had deposited multiple times I did a 2 BTC withdraw. Later when I had time to review my coinbase account and saw that I only deposited one time I contacted Hashie and asked them to audit my account because something had to be wrong.

Next morning  I received threatening emails about a bug in their system and how I owed them 2 BTC. (which was true) I send the BTC back to them and then made the purchase a second time. (And you know the rest, never received first payout, everything fell apart right after)

For what it is worth the emails I received from Sarah seemed legit at the time - Here is the first one



Hello,

We have recently audited our systems and discovered that you have made a number of withdrawals of which you are not entitled to. Our investigation discovered a bug in the pricing algorithm of one of our products, allowing users to obtain fake balances by purchasing the product. Withdrawals resulting from this bug are unauthorized.

Our records show you owe Hashie an amount of 2.1198 BTC.

Hashie hereby requests you to return the sum of 1.48386 BTC (70% of the amount) to 1HaShiEAAhhkVW8fdTpg1mu2ikLVZcxtg2 within 24 hours of the receipt of this email. Hashie will allow you to keep 30% of the amount if you promptly return the unauthorized payments.

Your activities may constitute a criminal offense under s.478.1(1) of the Criminal Code in the Commonwealth of Australia, in which Hashie operates. Furthermore, your activities may constitute a criminal offense under the Computer Fraud and Abuse Act, of United States which you reside in.

Hashie takes this matter seriously and will seek law enforcement assistance if this matter is not voluntarily resolved.

Best regards.



I did find it odd that they only asked for 70% back. For the record I did send the entire amount.

Also when I noticed the 2BTC in my account the price of firehashers was -1.0987 (or whatever it actually was)  A hour later that was corrected. So someone purchased hundreds or thousands of the firehashers and immediately withdrew funds. This "bug" was gone when I looked a few hours later.

Why Frost coin, not shitcoin?  Shitcoin really fits Hashie Much better, do you not all agree?

The price would not be this low though a drop yes but not this low. Bitmain created 3 huge 300btc walls which are very hard to overcome. We overcame one and they put another 300btc in its place 24 hours later.

The verification information is to make sure that you are an actual human, and to comply with  KYC/AML laws. We cannot issue cards with names printed on them because that would be far too costly, since we would have to personalize each card. We simply order a bunch of cards from our partners, and distribute them, which is why they only have "ANX" printed on them.
What you could try is to sign the card at the back, and then provide the same signature when you are paying.

I dislike Xapo because of their customer support and I heard their debit cards we not any good.  That's why I personally stick with ANX, Xapo seems kind of fishy.  Their vault is useless, stick with cold storage.

coinbase too slow we want the card for faster access to the US dollars

Wow, never thought I'd see the day that Daffy would turn on em...

https://hashtalk.org/topic/27661/good-news-paybase-update/79