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401  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: January 01, 2015, 11:04:29 PM
I am not paid by GAW nor have I been.  I write about many companies and I am not paid by them either.
I have never been on GAW's payroll.

Have you or have you not received free gifts from GAW?
402  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: January 01, 2015, 10:03:45 PM
gawd has spoken, again. amen.

https://hashtalk.org/topic/27173/the-word-trolls/3

i just dont get this guy....

@zeb118 said:
> Whats the replacement?

 Grin

I think the term they are looking for is "suppressive persons"
403  Economy / Service Discussion / Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ on: January 01, 2015, 10:46:18 AM
Paying 1 satoshi per day might let them get away with claiming "always profitable" but that doesn't make the ROI positive.

Sure it does. 1 satoshi is a positive number, therefore ROI is positive. Remember, break even = 100% ROI and profit means > 100% ROI.
1% ROI represents a huge (99%) loss, but its not a negative number. A negative ROI would mean you somehow lose more than your initial investment.

It doesn't really make sense to use the term negative ROI unless you mean (total earnings-total invested)/total invested.

Either way, I don't think GAW deserves a free pass just because everything they say is ambiguously worded.

Quote
Or, more likely, he was confused/lied to/mislead, in which case GAW shouldnt have to prove anything like 40PH.

IMO they should have to prove what they are claiming to have.

Anyways I'll leave it at that. Like you said, it's sort of pointless now that most people have switched to hashpoints/hashstakers and the rest are being paid such small returns that they likely have enough hardware to cover it.
404  Economy / Service Discussion / Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ on: January 01, 2015, 09:51:29 AM
Few quotes I could find:

Quote
Obsolete proof - Adjusts to always remain profitable and never breaks down
Quote
We've produced a miner incapable of negative ROIs
Quote
It uses enormous economies of scale to maintain profitability longer and more reliably than any other miner on the market.
Quote
leading more customers to positive ROIs than any other bitcoin miner ever sold


Its all typical gawtalk, but nowhere do I see guaranteed profit (ROI >100%).
Besides, to be fair it would need to be advertised clearly on their website and not hidden in a blog or forum post somewhere.

I see your point for the "always remain profitable" but I don't see how "incapable of negative ROI" is not guaranteeing profit.

Paying 1 satoshi per day might let them get away with claiming "always profitable" but that doesn't make the ROI positive.

Quote
Quote
In investigating these claims, BitBeat viewed a bitcoin address at Blockchain.info that was cryptographically proven to belong to GAW and in which almost 28,000 bitcoins — currently worth more than $10 million – have flowed from mining operations over the past two months. We were told this was just one of a number GAW mining addresses.

Well, if that claim is correct, then  if anything, it supports the legitimacy of gaw and I should grant them point 1. Of course I will not grant them that unless the addresses and proof are made public as I suspect its bullshit.

If those claims are correct then GAW is likely the single largest entity in all crypto mining.

Because of that, I don't see how pics showing around a hundred TH/s worth of hardware are relevant.
405  Economy / Service Discussion / Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ on: January 01, 2015, 09:15:49 AM
You're missing an 8 for gawminers. (guaranteed profit)

Keep in mind Im only gauging their (sha) cloudmining. Did they guarantee profits for that?

Few quotes I could find:

Quote
Obsolete proof - Adjusts to always remain profitable and never breaks down
Quote
We've produced a miner incapable of negative ROIs
Quote
It uses enormous economies of scale to maintain profitability longer and more reliably than any other miner on the market.
Quote
leading more customers to positive ROIs than any other bitcoin miner ever sold

I'm sure I could find many more but they are lost in their unsearchable forum. (Josh also tends to backtrack/erase many of the false advertisements hence the obsessive archiving in the GAW thread)

Quote
Quote
Also can you share which relevant pictures of GAW's datacenter you've seen? I've seen what amounts to a few % of the total hashrate they claim to have. (they were claiming 40+ PH/s last month)

Here are a few that you've probably seen already:
http://4.bp.blogspot.com/-JqqP37Ygce4/VF0tEsgGprI/AAAAAAAAAkQ/pa6-Mrp43x4/s1600/Miners2.jpg
https://www.cryptocoinsnews.com/josh-garza-to-launch-paycoin-media-tour/

Ive not seen the 40PH claim, do you have a link? But Im less interested in their grandiose claims as I am in finding out how much they actually sold.
Either way, its a bit of a moot point now  that the vast majority was forcibly upgraded to paycoin BS and they stopped selling these products

I extrapolated the 40PH/s based on this claim that they mined 28k in 2 months. (and that's just one of the several mining addresses)

Quote
In investigating these claims, BitBeat viewed a bitcoin address at Blockchain.info that was cryptographically proven to belong to GAW and in which almost 28,000 bitcoins — currently worth more than $10 million – have flowed from mining operations over the past two months. We were told this was just one of a number GAW mining addresses.

As for actual sales, you will never find them but here's their totally believable claim:

Quote
Mr. Garza denies all charges of wrongdoing and stands by the heady claims he makes about the size of his operation: 200,000 customers; $120 million in revenue over six months; a mining operation that accounts for 50% of all new bitcoin computing power coming online.
406  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: January 01, 2015, 08:33:17 AM
How do you feel now that BTC is consistently below $320 and no end in sight?

I don't know about him, but I personally feel a hell of a lot better about holding the Bitcoin that I have compared to the morons who are watching their life savings disappear by holding Paycoin at the behest of the guy who is ripping them off.

Neither coin is doing too well at the moment... correct.

Just because the exchange rate dropped doesn't mean bitcoin isn't doing well. Look at how much the ecosystem has evolved in the past 6 months. Microsoft, Newegg, Dell, etc now all accept bitcoin and the Winklevii trust fund is about to launch.

Bitcoin can absorb millions of dollars worth of dumping and the price will drop a few percent.

Paycoin cannot even absorb 100 bitcoins worth of dumping without the price dropping to satoshis.
407  Economy / Service Discussion / Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁ on: January 01, 2015, 08:12:17 AM
You're missing an 8 for gawminers. (guaranteed profit)

Also can you share which relevant pictures of GAW's datacenter you've seen? I've seen what amounts to a few % of the total hashrate they claim to have. (they were claiming 40+ PH/s last month)
408  Bitcoin / Hardware / Re: [Review] Spondoolies-Tech SP20 on: January 01, 2015, 07:32:22 AM
Sound wouldn't be audible from a garage connected to the house, would it?

It depends on your settings/fan.

If it's overclocked (1600+ gh/s) you will need to use the stock fan at 80%+ which was just barely audible through the wall.

If you have it underclocked you can lower the fan speed which should help a bit. (well I couldn't because I'm cursed with fans but you should be able to).

Even better would be underclocking and replacing the fan which made my miner nearly silent. I can now work in my garage for hours without being bothered and/or wearing earmuffs.

Although replacing the fan is likely only an option when you're underclocking because I doubt you'll find a quieter 30W fan.
409  Economy / Service Discussion / Re: Recovery program beginning in January for PB Mining customers. on: January 01, 2015, 07:09:29 AM
I don't need to explain that.

Yes, you do. For the last few weeks you have been stealing from your customers.

No.  I am not a thief.

BS-to-English Translation:

Quote
I have not yet been able to pack up my belongings and move to my new mansion on a remote tropical island. Please just give me some more time and I'll let everyone know exactly how this scam really collapsed.
410  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: December 31, 2014, 10:04:54 PM
So how much were you guys paid to add paycoin's obviously fake market cap?

But, you're ok with ripples?

Honestly haven't been following ripple but their market cap is also obviously BS with such low volume and liquidity.
411  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: December 31, 2014, 09:29:50 PM
thanks.  39%  is pretty good, amhash should do a fee percentage daily thing like hn. may i ask  what the forumula is for getting the fee percentage.thanks in advance dude.

Maintenance fee is $1.551/TH/day and earnings are based on theoretical yield so I just use bitcoinwisdom to figure out revenue.

1.551/3.9 = 0.397

I think I accidentally used $1.511/TH/day which is why i was off by 1%.
412  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: December 31, 2014, 09:18:57 PM
Now on cryptsy only 25 BTC worth of bids to be filled before the price hit's 1 satoshi.

Amazing liquidity.
413  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: December 31, 2014, 09:09:15 PM
Wow just checking in, where has PYC price gone? lol something happen somewhere that I missed on? New delay or announcement from the GAW leadership  Grin

OH and happy New Year everyone! especially the HT crowd  Wink

The announcement is that they decided to scrap the single feature which gave paycoin value. (the $20 floor)
414  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: December 31, 2014, 09:07:45 PM
whats up boyz, may i ask what the current maint fee  percentage is per hash over here.  im just doing a price check before i load up.
fees over at hn   is 60%. i know amhash has cheap eletro, i dont no what it is currently.

Maintenance fee for amhash is currently 39%.
415  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: December 31, 2014, 08:43:16 PM
This is starting to get sad.

Only 55 BTC worth of xpy needs to be dumped before the price hits 1 satoshi on cryptsy.
416  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: December 31, 2014, 08:04:18 PM
How many coins are there in circulation right now? How many more staked each day? That seems like it should be in the OP so we can calculate how much fiat is needed per day to maintain $12/coin.

Considering all cashtakers are unprofitable at $12/coin, I would assume they don't need any money.
417  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: December 31, 2014, 08:01:45 PM
So how much were you guys paid to add paycoin's obviously fake market cap?
418  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: December 31, 2014, 03:00:16 AM
Paybase is just a normal exchange that is broken...so I don't really see your point. You can't shop or anything so... what?

And with more fees than any other exchange! Another world record of GAW's.
Rome wasn't built in a day

It also wasn't built by incompetent fools who stumble every step they take.
419  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: December 31, 2014, 02:59:11 AM
Paybase is just a normal exchange that is broken...so I don't really see your point. You can't shop or anything so... what?

And with more fees than any other exchange! Another world record of GAW's.

Almost as awesome as your denial of how stupid it is to continue your shit talking about something you could never do! Dont hate, just play

I assure you I am fully capable of copy/pasting peercoin and making a featureless/broken exchange.

I could also use enough manipulative marketing techniques and false advertising to make my shitcoin a success but unfortunately I have a conscience.
420  Economy / Service Discussion / Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-) on: December 31, 2014, 02:51:50 AM
Paybase is just a normal exchange that is broken...so I don't really see your point. You can't shop or anything so... what?

And with more fees than any other exchange! Another world record of GAW's.
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