Here is a crosspost from Allen1980 on the GetHashing forums https://forum.gethashing.com/t/con-paycon-get-your-con-on/3111/192Yes that's right, your favorite Mr. Garza takes advantage of the terminally ill.Just wanted to drop a note in here as an update on Trixster. Over roughly the past month, and through multiple efforts, and two rather large donors, almost all of Trixster's original loss in GAW has been returned to him. As many of you know, Trixster has a terminal illness that he has been suffering from for the past few years. The money was originally invested in GAW based on many promises we all know never materialized. When things began to look bad, Trixster approached Garza, who knew of Trixster's health situation, asking whether he should sell off at a time when half of his investment could be recovered. Garza told Trixster to hold his investment and not sell. The money was to help Trixster's family later. As a result, Trixster lost almost all of his savings, meant to help his family upon his passing. The marketing behind GAW gave him the belief that he could build a larger nest egg to leave his family. Now, through the gracious humanity of the community, formed from the GAW/Paycoin debacle, Trixster will be able to still pass on a legacy, not leaving his family penniless. I would like to state, emphatically, that Adam Matlack played a massive role in this all coming to pass. Had he not taken the initiative to reach out to others, throughout the community, we would be a far-cry away from where Trixster is today.  Thanks for this. Kudos to Adam Matlack. |
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Came accross this today: https://sites.google.com/site/freebitcoinsforall/Unlike our recent calculations in this thread, it makes PacMic v2 seem like the better value? It's of course not calculating the terminal value of the S5, but still seems different from some of the calculations I've seen here. If bitcoin price is stable PACMiC v2 may be the better investment. If bitcoin price continues to rise you would have been better off buying S5 hash on the Bitmain market. |
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Bitreserve is built on top of bitcoin and hopes to reduce bitcoin volatility and provide a no or low fee alternative to banks. For a quick explanation of how it works see the article Bitreserve Uses Bitcoin To Finally Replace Your Bank. Bitreserve is available worldwide except in the Central African Republic, Cuba, Iran, Libya, North Korea, Somalia, Sudan and Syria. The company unfortunately does not yet have the necessary money transmitter licenses to operate in these US states: Alabama, Delaware, Florida, Georgia, Hawaii, Idaho, Kentucky, Ohio, Tennessee, Virginia, Washington, Wisconsin and Wyoming (hurry it up please.) Please post your experiences with Bitreserve to help the community decide if this startup has legs and is worth joining or just deserves a pass but kudos for the effort. |
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I would not trust a press release on Bitcoin Magazine. The release says HashingSpace is located in Washington State while website says St. Louis, Missouri. No photos of miners, little information, no public mining adddress = just one more ponzi. Stay with companies on Puppet's list of legitimate miners or my own list. I have photo evidence for every company listed. |
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Where would be the safest most legit place to mine with the quickest ROI?
Your garage using a Bitmain Antminer S5 if you have reasonably cheap power. If you cannot mine at home you can buy S5 hashes on the Hashnest internal exchange. I list the other legititmate options here but Bitmain continues to be the best deal. |
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Good job, nice work. We need more media outlets willing to explain the facts about 'cloud mining'. While you're at it, perhaps you might want to extend the article to question why a service purporting to help users learn which cryptocurrency services are suspected scams, is so fervently shilling for scrypt.cc and was also a spittle-flecked rabid shill for Homero Joshua Garza's GAW/Hashlet/XPY fraud. Badbitcoin.org appears to suffer from selective reasoning. Thanks for the compliment! I already wrote the article Badbitcoin.org Gives Bad Bitcoin Advice. |
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Who says its only mining scrypt coins? [expletive deleted] ASIC miners can only mine the specific ALGO they are designed for! Bitcoin ASIC miners can only mine SHA256 coins and Litecoin ASIC miners can only mine Scrypt coins. SHA256 is like 27 coins. According to http://coinwik.org/List_of_all_DCs there are 174 scrypt or variation of scrypt coins. With custom software couldn't a scrypt miner mine the most profitable of the 174 scrypt coins? You only need concern yourself with Litecoin and any coin with sufficient market liquidity which is more profitable than Litecoin to mine. There would be zero point in mining anything less profitable than Litecoin if you are seeking to sell what you are mining to earn the bitcoin that scrypt.cc 'pays out' every ten minutes. Fact is you can check this yourself. Go to coinwarz.com and add up the total network Hashrate for Litecoin and any Scrypt coin above it in the list which isn't merge-mined with Litecoin. Now add up the Hashrate of the public pools for those coins because scrypt.cc wouldn't be wasting money paying pool fees when they have way more than enough power to solo mine every coin including Litecoin, and deduct that total Hashrate of the public pools from the total Hashrate for the combined coin networks. There is no space left to hide but a tiny fraction of scrypt.cc's claimed 850GH/s of Scrypt ASIC mining power. Ergo, they are lying about mining with 850GH/s of scrypt hash power. Thanks cryptodevil, just the explanation I needed. Just added to will scrypt.cc be the next cloud mining HYIP to fail? |
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Hi guys and girls!
Can you please advise whether it's safe to invest now?
Thanks!
Where are these idiots coming from? Of course it isn't safe, they are running a ponzi scheme, not mining! Seriously, is there another forum or place where they are promoting scrypt.cc because I find it hard to believe that this thread is the only source of discussion about it because, if it was, nobody with half a brain and a pinch of morality would be willing to continue supporting this criminal enterprise. scrypt.cc is promoted quite a lot at hashtalk.ch, hashclub.org and talk.paycoin.com. Just do a Google search for other sites. |
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CANN is still no. 2 in market cap behind POT but only 1 BTC worth of CANN traded today, while MaryJ traded 6 BTC and advanced over 27%. Way to go!
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MaryJ deserves to be listed on Cryptsy. Visit the Coin Votes page and vote for MaryJ to be added. |
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If you have no problem tying up one btc for 120 days you could buy one PACMiC v2 and use one btc to buy S5 hash on the market at Hashnest to spread the risk/benefit. If you do not like the idea of not being able to exit your position at will you can always just buy S5 hash. Why S5 instead of S4? If bitcoin price drops S5 will stay online longer than S4, same as PACMiC v2.
So I can sell my S5 Hash? Wouldnt it lose value and become used? Because I am not familiar with difficulty calculations (Im good with numbers, but new to mining) are there any estimates on how long the S5 is supposed to remain online? or what is the minimum bitcoin price, or how to calculate it? Just follow the internal market on Hashnest and you will see S5 price fluctuate day to day. If bitcoin price increases you will be able to sell your hashing power at a profit or just keep it. As long as bitcoin price stays above $115 S5 should stay on line. |
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If you have no problem tying up one btc for 120 days you could buy one PACMiC v2 and use one btc to buy S5 hash on the market at Hashnest to spread the risk/benefit. If you do not like the idea of not being able to exit your position at will you can always just buy S5 hash. Why S5 instead of S4? If bitcoin price drops S5 will stay online longer than S4, same as PACMiC v2.
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Well, DMD Diamond, which I ve recommended several times went up 100% compared to about a month ago.
I hope at least someone listened to me.
DMD could go down 100% just as fast. Low volume altcoins (trading value about 1 BTC per day) are about the riskiest investment there is along with HYIPs. If you believe in cryptocurrency I think bitcoin should be your first choice. Long term it has the most legs and best risk/reward due to public perception and merchant adoption. If you have cheap power get yourself an S5 and mine your own. |
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Continuing to promote Paycoin cost badbitcoin.org a lot of credibility. When scrypt.cc collapses ViK may as well close the site down.
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GetHashing is legitimate, the link you referenced is just down for maintenance. Batch 2 of their hosted mining service is sold out. You can see pictures of their farm and more history here. |
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Although this is more of a banking interest paid with miners (not mining directly) I have a significant amount of bitcoin in this site as well so would be interested in seeing OPs assessment as well. I like HaoBTC very much and have already set up a wallet to take advantage of the 9% interest. One of the most transparent companies I have ever come across. HAOBTC on news http://www.coindesk.com/my-life-inside-a-remote-chinese-bitcoin-mine/that company look like real and not fake i like that but minimum buy finansial is very high we need 10btc to buy it HaoBTC used to pay out 9% APR on all wallet accounts no minimum balance. They changed terms today. If you have under 10 bitcoin in your wallet you get fixed 8% interest per annum. If you deposit minimum 10 bitcoin interest goes up to minimum 12% APR if you keep the bitcoin in your wallet for one month. The longer you leave the bitcoin on deposit the interest rate goes up until maxumum 16% APR is reached in 12 months. Because you can withdraw your funds at will HaoBTC is a good alternative to Hashnest PACMiC v2. |
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what was the first pacmic payout rate , pacmic v2 is 0.45
first one was literally double it .7 They got greedy with version 2 and cut the interest in half essentially Half of .7 is .35, so they didn't slash it quite in half. I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering. That said, I'm not sure if I'm going to buy into this round. I think I could do better in the slightly riskier Hashnet market. Yea, if the original PACMiC was 22% APR, this one will be roughly 14% or so, not sure its worth it unfortunately since it isn't risk free and depending on the difficulty over the next couple of months, could actually be more risky than buying other hash since you can't cut your losses and get out. That being said, I will buy some because for now, I think they are a good stable return. EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2? EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to. If PACMiC v2 is only paying 14% APR you can do better with an interest bearing wallet at HaoBTC. If you deposit 10 bitcoin for twelve months you will receive 15.58% APR. For wallets holding under 10 bitcoin the APR is fixed 8%. Advantage over PACMiC is you can withdraw your funds at any time. |
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Although this is more of a banking interest paid with miners (not mining directly) I have a significant amount of bitcoin in this site as well so would be interested in seeing OPs assessment as well. I like HaoBTC very much and have already set up a wallet to take advantage of the 9% interest. One of the most transparent companies I have ever come across. |
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Clearing is prohibited, OK. Can I be prosecuted for faking my browser history?  Faking the history should be quite easy, because the most of browsers are using SQLite, JSON or XML for history storage. No need to clear the browsing history, let browsers not to remember the browsing history ever. Firefox is the best browser to tackle these types of tactics, go to about:config, there is lot of tips and trick we can manipulate the total operation methods of browsing, such a nice engine I have ever seen in this internet world, FF is the Best and top browser among all Internet browsers. No need to edit about:config in Firefox just to to Tools > Options:  If there was a better browser than Firefox Tor Project would be using it. |
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What kinda bullshit is this? ive roi many times on scrypt.cc
just because you ROId doesn't mean it's not a ponzi (it is). you just got lucky. yeah better then dice i feel much luckier on scrypt then stupid dice  and 1year isn't luck its succes of scrypt.cc :S Anyone who bought one year ago is deep in the red with no chance of ROI. Scrypt.cc has been "profitable" only in the Ponzi 2.0 version, roughly since December when they started using LTCGear model of selling super cheap hashrate and building hype through aggressive shills and referrals and stuff. Even then you had to be lucky to buy at the right time and "many times" is bullshit. Wanna gamble - feel free, just stop spreading the nonsense. Excellent argument, thanks for exposing scrypt.cc in only four well crafted sentences. oh wow, I wasnt even aware they had went ponzi, havent kept up with the cloud mining scene at all. Such a shame too, scrypt.cc has been around for a long time, guess the only legitimate services left are bit-x/mintsy. You could add Hashnest, GetHashing and a few more listed here. |
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