It looks like there were three "phases":
1) "hosted" miners were actually not hosted by GAW but rented hashrate somewhere in China, and it was unreliable (April-July 2014)
2) which led to getting rid of mining altogether (ZenCloud and later Hashlets, July 2014 - January 2015)
3) then hardware was ordered from Bitmain, so presumably some fractional mining was going on (October 2014 - January 2015)
I'd love to see jmordica's comments on this as he seems to have been part of the whole thing from the early Gridseeds to the unpaid MS Power bills.
I don't think there's much evidence the hosted miners were virtual until June 2014. In June, there are statements about transitioning hardware and actually still selling hosted hardware that's real. I BOLDLY SPECULATE the hosting was legit for April and May 2014. i believe the hosting and alot of the aspect of the company was lwgit myself, i just think in the end the got greedy and thats when all the made up machines and coins came into play |
|
|
|
Homero trying to con bitmain: In the end he was forced to buy 2000 units why? Because he wanted bitmain to publicize his order. Homero orders a small amount of machines and negotiates a whole lot more then starts to plead with bitmain to public state he bought 5 or 6 PH of machines. Bitmain refuses, saying, we can't publicly declare this unless it is true, that is you make payment and we deliver it then we can publicly declare this. Homero is nagging him that 'the money is en-route' state for me publicly I have bought this from you and on and on. In one instance he sends the money confirms it to bitmain, pleads for him to say he has bought the hashing power, reverses the wire where again bitmain refuses to make this state. So in the end in order to get bitmain to make a statement, homero actually has to buy the goods and physically take possession of them before any statement is made. What he tried to do was buy a few, negotiate more, based on that have bitmain declare he has bought x hashing power, there after without question the Homero would have cancelled the balance order. So far everything Homero does and has done is a reaction to the public, the outcry for proof of mining, forced him to buy a few, attempt to get bitmain declare he has x hashing power base don a small order + negotiating more, that fails so to fulfill the public outcry and in order to get bitmain to make the statement, he ends up having to actually buy it all. Clearly he never really wanted them didn't need them because bullshit was working, but when pushed by the public bought 'some' to make it look like he as mining, then when negotiating i.e. pretending he was more/all, bitmain refuses to confirm publicly based on negotiations, so a at the end of the day he is forced to buy it all. Actually the entire operation from start to finish is based on what was analyzed here, and on reddit and elsewhere, every time, someone here analyzed their TOS, pointed out a problem, they made a note of the thread and comments, and quickly changed it, likewise with the coin itself, all problems and all analysis here on this thread was monitored daily by them, and everything modified to address it on their end once revealed here. Everything. This was the MO from day one, bullshit our way through and if push comes to shove quickly remedy it by actually doing what we are bullshitting about. That he why he specifically targetd naive noobs with zero experience in crypto as his marks. Too bad everyone here and everywhere else with some experience caught and exposed this sack of shit for what he is. Hi josh,
We do not release any customer's information or transaction record to anyone other than to the transacting customer by default.
Just like any businesses in USA, we need a waiver from you that we can release 5PH or 6PH purchase to the general public by how you want us to say it. We need the waiver of liability from you or the contract I sent to you.
The latest contract has the paragraph for us to release the statement as part of the sales agreement. you can strike the message and hand write into, what you want us to post it or we can post it the way it is in the sales agreement.
We are eager to post confirmation for you, but we have to take care of ourself, too.
Also, If I'm misunderstanding what you want me to do, please clarify. (Confirm the 5PH order is placed/negotiated at the moment, or purchase is completed or paid for) When it is paid, we consider it is completed.
As you can see, we listed 2 URLs, one from your forum and the other from the bitcointalk you specified and we already created BITMAIN account on your forum to honor your request as soon as you requested, but we just need confirmation and waiver from your side for us to do so.
YOSHI
On Sat, Oct 25, 2014 at 9:18 AM, Josh Garza <josh@btc.com> wrote:
What waiver?
On Oct 25, 2014 11:06 AM, "Yoshi Goto" <yoshi@bitmaintech.com> wrote:
Hi Josh,
We have no problem confirming the completing order. (If already paid for), then we have confidence that it will be shipped, and we can post confirmation that 5PH or 6PH was purchased.
Are you asking me to confirm that the order was placed/negociated or the order was completed (meaning paid for)?
either way, please give us the release consent/waiver to do so. (to cover Bitmain's officers, board members, employees, agent and associated members from liability related to posting the comments to confirm the order was requested or order paid.
YOSHI
On Sat, Oct 25, 2014 at 8:57 AM, Josh Garza <josh@btc.com> wrote:
It seems to elude you that all I am/was asking for was confirmation we placed the order. Placing the order and completing it are not the same thing.
I will get a confirmation number when accounting gets in.
On Oct 25, 2014 10:51 AM, "Yoshi Goto" <yoshi@bitmaintech.com> wrote:
Josh,
What Im trying to confirm is you stated you sent the payment in and we are not seeing it yet. If you could help us see it it would help, but our company can not make statement based on the speculation.
So, let me confirm, just to complete the 1.25m portion of the order?
Thank you
On Sat, Oct 25, 2014 at 8:42 AM, Josh Garza <josh@btc.com> wrote:
Hi Yoshi,
You got my correspondence and I got yours. I appreciate your perspective, but my board and I have our own, which I outline for you in my previous email.
Since neither of us are changing positions, it looks like we should just focus on completing the order. The order. Thanks
On Oct 25, 2014 10:34 AM, "Yoshi Goto" <yoshi@bitmaintech.com> wrote:
Hi josh,
May be I missed the point?
On Sat, Oct 25, 2014 at 8:33 AM, Josh Garza <josh@btc.com> wrote:
I stated my position in my last email.
On Oct 24, 2014 6:06 PM, "Yoshi Goto" <yoshi@bitmaintech.com> wrote:
HI Josh,
If you are looking for the long term, lets make it work.
On Fri, Oct 24, 2014 at 3:45 PM, Josh Garza <josh@btc.com> wrote:
Understood
On Oct 24, 2014 5:31 PM, "Yoshi Goto" <yoshi@bitmaintech.com> wrote:
Hi Josh,
I can write about what happen in the first dealing from your side and how we feel about it, but that's not going to be productive to both of us. Lets put this part of the dealing behind us and move forward.
Your primary goal is to acquire reliable hardware your customers can trust as lowest as possible as fast as possible with the reliable supply chain with a short notice. Our goal is to fullfill customers need as fast as we could upon confirming the payment.
We as the hardware manufacture, we can cater your need in timely manner and we will do our best to exceed your expectation.
We are catering your request as we can and accepting your modifications as we possibly could, however, the payment did not show up in Hong Kong by the end of October 24th business day and it is still not showing up. We haven't receive the contract nor the copy of wire receipt. We generally do not publicly announce our out put capacity and it was not in the original agreement, but we are willing to do so for this order. (We do not use BFL Marketing Model)
We do business in the long term. One thing we want to make it clear is payment must be in first before we allocate large production quantity with the special version. You will receive the priority in processing, however, the payment has to meet the deadline to keep the on-time schedule. (To cater the special order item, we do everything we can to speed things up and there is no other manufacture that can meet this demand at the moment or even by end of this year)
I don't know how to stress this to you, just like SP and Bitfury, we do ship on time upon payment, but we can't do anything without the payment being confirmed specially in public. Bitmain sales term is very clear and there is no refund specially if the batch was a custom made version.
At this moment, we can post a note for 2PH. or we can wait for another 5-6 hours and see if the wire shows up for saturday's business day.
P.S for this first deal, we gave you the hardware at our cost and for immediate shipping to show you our capacity and how we do business with private sale's side. Bitmain's major target is the Chinese Domestic Market and this size order is nothing new for us to handle when it comes to the capacity wise. (You are the special customer in the private client's side) You can google but you will not find any complaints from private sales customers that the order was delayed, because we fullfill these order ahead of schedule most of the time.
Yoshi
On Thu, Oct 23, 2014 at 5:34 PM, Josh Garza <josh@btc.com> wrote:
Yoshi, I get it, but it goes both ways. I get that you guys were upset
that we almost canceled the order, but you guys also refused to give
us our payment back. This is also not appropriate, so it goes both
ways.
We need to both agree if the goal here is this order, or a long
partnership. If its this order, enough said.
But if its a partnership, then there is more here.
I appreciate all you guys are doing, but lets be honest here (we both
run business) you are doing it to capture more business in the future.
Assuming that your goal, it does not make me feel good that the
expectation is I absorb a million dollar plus risk, with the promise
that you will be shipping us hardware (which you did, but its still a
risk). And you guys can not take a risk to write a simple note
confirming our order that is already partially paid for. Seems like a
very one sided partnership, and that wont work in the long run.
In the US, we have a saying "dont throw the baby out with the bath
water" and thats whats happening here.
To leave a sour taste in my mouth for refusing to write a simple note
(that you could have easily deleted in a future), does not make me
feel great about the future. It's small potatoes with the business we
can do as time goes on.
The way this note was handled will make me I need to continue looking
for where our long term business ends up. I hope that changes.
Josh
On 10/23/14, Yoshi Goto <yoshi@bitmaintech.com> wrote:
> Hi Josh,
>
> Hope you understand, we ship products upon payment but the last wire
> reversal attempt made it very uncomfortable for us to take any action until
> the funds truly clear the international transit. The process involved not
> only us but the bank, too. Normally any attempt to reverse the wire will
> cause the future ban on customers but we did not do that for you guys. We
> already shifted the production cycle to cater your special versions but the
> confirmation wise, we can't really state anything clear in PH power wise
> without the payment.
>
> We can however, post that we are "confirming the order" to have the wire
> shows up and settle. If it went out yesterday business day, it may show up
> in the next several hours once the new business day open. (If it was 1.6
> million, then that will cover 5PH, if you submitted additional 750,000 that
> will do for sure 6PH.
>
> sorry for the delay, I just landed in new york from Israel.
>
> On Thu, Oct 23, 2014 at 7:39 AM, Josh Garza <josh@btc.com> wrote:
>
>> How about just keeping it simple.
>>
>> "Bitmain is confirming that GAW miners last order was for over 6ph"
>>
>> Simple, easy and accurate.
>>
>> For a partnership to work, just has to go both ways. We sent you guys
>> over
>> a million dollars for product that had not been shipped yet. And we just
>> sent even more. So we are showing our trust in you guys with our cash.
>>
>> And it's taken almost a week to get one sentence of confirmation. Hoping
>> you can take care of this asap. :)
>>
>>
>> On Thursday, October 23, 2014, Yoshi Goto <yoshi@bitmaintech.com> wrote:
>>
>>> Does this work for you?
>>>
>>> **********************
>>> please wait for a moment, we are counting the total army of ants
>>> marching
>>> your way
>>>
>>> Confirming the validity of the comment request from GAW Management, it
>>> took a bit longer due to the time difference (day&night) and the
>>> weekend.
>>> **********************
>>>
>>>
>>> Thank you
>>>
>>> YOSHI
>>>
>>>
>>> On Wed, Oct 22, 2014 at 9:30 PM, Yoshi Goto <yoshi@bitmaintech.com>
>>> wrote:
>>>
>>>> how about, us coming online, and say, please wait for a moment, we are
>>>> counting the total army of ants marching your way. or something like
>>>> that?
>>>> 2PH for sure already by the end of the month shipping. (Not counting
>>>> your
>>>> existing S2 and S3)
>>>>
>>>> We may also be able to, mention that the Bitmain side try to confirm
>>>> the
>>>> validity of the comment request from GAW Management and due to the time
>>>> difference (day&night) and the weekend, it took a bit longer.
>>>>
>>>> What do you think?
>>>>
>>>>
>>>>
>>>> On Wed, Oct 22, 2014 at 9:17 PM, Josh Garza <josh@btc.com> wrote:
>>>>
>>>>> Yes, we will do that chunk soon. So maybe say close to 7 ph
>>>>>
>>>>> Please do that asap. I did not realize you guys would not do it until
>>>>> the wire went out. So I look like a fool now.
>>>>>
>>>>> On Wednesday, October 22, 2014, Yoshi Goto <yoshi@bitmaintech.com>
>>>>> wrote:
>>>>>
>>>>>> Hi Josh,
>>>>>>
>>>>>> Thank you for the update. We are not seeing the pending incoming
>>>>>> yet,
>>>>>> but Im sure it will show up soon. If you could send the contract and
>>>>>> wire
>>>>>> receipt, it will help a lot!!
>>>>>>
>>>>>> If you selected for the optional 750,000 option, do you want us to
>>>>>> say
>>>>>> over 6PH? + another chunk you already have from S3 and S2? May push
>>>>>> close
>>>>>> to 7PH or just a little shy of 7PH may be.
>>>>>>
>>>>>> YOSHI
>>>>>>
>>>>>> On Wed, Oct 22, 2014 at 9:05 PM, Josh Garza <josh@btc.com> wrote:
>>>>>>
>>>>>>> wire is out, pls make update
>>>>>>>
>>>>>>>
>>>>>>> *Josh Garza*
>>>>>>> *CEO- *GAW Corp
>>>>>>>
>>>>>>> On Wed, Oct 22, 2014 at 9:21 PM, Yoshi Goto <yoshi@bitmaintech.com>
>>>>>>> wrote:
>>>>>>>
>>>>>>>> Hi Josh,
>>>>>>>>
>>>>>>>> Please let us know the status. We are ready to make the
>>>>>>>> announcement as requested.
>>>>>>>>
>>>>>>>>
>>>>>>>> YOSHI
>>>>>>>>
>>>>>>>>
>>>>>>>
>>>>>>> “The information contained in this email message may be
>>>>>>> confidential.
>>>>>>> If you are not the intended recipient any use, distribution,
>>>>>>> disclosure or
>>>>>>> copying of this information is prohibited. If you receive this email
>>>>>>> in
>>>>>>> error, please tell us by return email and destroy this communication
>>>>>>> and
>>>>>>> any attachments from your system.”
>>>>>>>
>>>>>>
>>>>>>
>>>>>
>>>>> --
>>>>> Sent from Gmail Mobile
>>>>>
>>>>> “The information contained in this email message may be confidential.
>>>>> If you are not the intended recipient any use, distribution, disclosure
>>>>> or
>>>>> copying of this information is prohibited. If you receive this email
>>>>> in
>>>>> error, please tell us by return email and destroy this communication
>>>>> and
>>>>> any attachments from your system.”
>>>>>
>>>>
>>>>
>>>
>>
>> --
>> Sent from Gmail Mobile
>>
>> “The information contained in this email message may be confidential. If
>> you are not the intended recipient any use, distribution, disclosure or
>> copying of this information is prohibited. If you receive this email in
>> error, please tell us by return email and destroy this communication and
>> any attachments from your system.”
>>
>
--
*Josh Garza*
*CEO- *GAW Corp
--
“The information contained in this email message may be confidential. If
you are not the intended recipient any use, distribution, disclosure or
copying of this information is prohibited. If you receive this email in
error, please tell us by return email and destroy this communication and
any attachments from your system.”
“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”
“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”
“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”
“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”
“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”
wow it does seem that they indeed did try to get the con on bitmain like you said, maybe he thought he could pull it off and make alot more money by bringing in new blood |
|
|
|
weird i seen hashie make post on other section for amhash but it is weird to not see them post anything on here where it counts  i wonder if it was actually hashie or just someone else on the account |
|
|
|
Meh, we knew their strange emails around when their miners got stolen were... strange but just thought it was their way of doing business. We should have put two and two together with the things they were asking us to do.
Since, you are back Hashie, where are our frostcoins?! I somehow feel it's unfair that I can't use them, maybe you could spend them on a Let go song special edition dedicated to AM/AMHash. lol oh good lord no please dont encourage them to do another frozen or special edition frozen " let it go"" song the first one was played on there for long enough to cause nightmares  |
|
|
|
Meh, we knew their strange emails around when their miners got stolen were... strange but just thought it was their way of doing business. We should have put two and two together with the things they were asking us to do.
A scammer calling out another scammer. I guess that the whole world just went full circle. lol i about fell out of my chair when i seen who finally decided to pop in after all this time and say something about another company. I must say i never expected to see that name again  |
|
|
|
i was just wondering if anyone had actually bought this account or are people making offers on itand getting responses by private messages from the account owner? Seems to have gone quiet on this account sale so was just wondering. |
|
|
|
Did we ever get an answer if the umisoo 10 day in a row timer reset when they were positive those few days in between?
If not, think umisoo is done this time for sure.. might drag out a little longer if the 10 day timer was reset at some point.
It has been positive for the last 6 days. If we hit negative again the 10 days would restart. ....and here is negative, big time BTC drop. So we start the countdown again. i know this price is so killing me, i really hope for like a 10% reduction in bitcoin difficulty at this prices lol, i do know as i am responding to this the price of bitcoin was $221 on exchange To keep everyone up to date. We did not hit a negative for Umisoo yet. The last two days have been close to negative but did not reach that point. by any chance do you know what the bitcoin value would need to be for umisoo to stop mining and enter the 10 day cooldown period as they call it before shutting down? |
|
|
|
contracts will be bought back admin wanna them back soo for now who invested keep earnings as income reach 0.30btc and later all shares will be bought back to admin and maybe admin put some ammount on sale with users interest to get them i hope atleast this happens
wait i am lost maybe was just worded weird, Are you saying that the admin of this site / site owner is going to be buying up player accounts once they reach a certain bitcoin value? |
|
|
|
Please do something with payments in Sketchy Stock Market. It works only if other person purchase your investment. If You purchase Your investment its visible as paid, but You will be not paid. I lost arround 20K gold in last three rounds because of this bug.
i am pretty sure the sketchy stock market was fixed some time ago, i had this happen before on one ocassion but it has never happened before since then |
|
|
|
Did we ever get an answer if the umisoo 10 day in a row timer reset when they were positive those few days in between?
If not, think umisoo is done this time for sure.. might drag out a little longer if the 10 day timer was reset at some point.
It has been positive for the last 6 days. If we hit negative again the 10 days would restart. ....and here is negative, big time BTC drop. So we start the countdown again. i know this price is so killing me, i really hope for like a 10% reduction in bitcoin difficulty at this prices lol, i do know as i am responding to this the price of bitcoin was $221 on exchange |
|
|
|
Dear mybitmine,
I don't have that much of a knowledge of html. Even my English isn't what it used to be.
The possibility was just there, so I clicked it and then I got my 26th pickaxe.
Due to the extra gold earned because of it, you can also take that, for fairness sake.
The possibility to purchase an extra pickaxe isn't there anymore. Now I got the same report as with the minecarts. (So I can't buy anymore of them).
I don't know why, no bug fix, no html code that I found, just one lucky man I guess.
If you have any further questions, just ask. Been here for a long time and planning on staying a long time.
This doesn't answer your question, but I cannot help you with that, sorry.
I use an old laptop, open this page in chrome, if there is anything more you need to know, just ask.
Hope it was a one time bug or so for your sake.
hobie1984
wow if you did find a bug without even looking that was a good find. Does suck that it meant you loosing one pickaxe level, but i am sure you got all the resources used to buy the level 26 pickaxe back |
|
|
|
I just think the bank with +8 hours can work only with small amount of players. The way it is now it will still collect slowly new payments over many days, but for most of the players it is like it dont exist until the reset
I agree but i dont think it will be changed but they again they might change the way the banking system on it works |
|
|
|
Thanks for sending me BIT-X card, i added it to my account there, but I didn't order any.
Is this free as I am in first 10000 users or what? I prefer to use my card when it will have 3D enabled, so far it hasn't. Plus I am funding via BTC, just bought 18 GHS for 0.03 BTC, you guys are quite expensive, I hope you are worth it.
You were sent one as you were verified! There are no active monthly fees for the first 10,000 users, correct. Other fees still apply. Bit-x is doing really great and there are no competitors around.  ANX, AdvCash and WageCan are. as far as i know those companies including ANX that i currently use as well, really are not considered competitors in my opinon since they dont offer option to mine bitcoin and use it on visa or mastercard |
|
|
|
Thanks for sending me BIT-X card, i added it to my account there, but I didn't order any.
Is this free as I am in first 10000 users or what? I prefer to use my card when it will have 3D enabled, so far it hasn't. Plus I am funding via BTC, just bought 18 GHS for 0.03 BTC, you guys are quite expensive, I hope you are worth it.
yeah i see the price per ghs is really pricey even for the cash portion. I am really wanting to see that maybe the cost of ghs will go down by like 50% " i know wishful thinking " when they get the new 28nm chips |
|
|
|
How much is the fee for atm withdrawals?
i did not think there was atm withdrawl option offered with this card i thought it was only for point of sale purchases at retailers and online. If it does have a atm withdrawl function would be cool |
|
|
|
the website seems to be down for me.  i just went to website and was able to access it just fine using fire fox, IE and chrome. Maybe could be just a tempory issue affecting usage on your end or might be your system as well |
|
|
|
Last Dividend ฿0.00006000 per unit on Apr 25th
Next Dividend ฿0.00006000 per unit on Apr 25th
so the 3rd one today?
can anyone confirm this are they having multiple payouts in the same day for the same dividend? |
|
|
|
Unfortunate what happened. I am glad to see that at least a partial refund is occuring. A lot of people lost a lot of money in other companies such as ltcgear, pbmining, and the tons of other ponzis that surfaced. Just a shame that this once reputable company went down.
When diversifying this was supposed to be a safe investment (well, safe in terms of what it means safe in crypto cloudmining) and the loss on this position is very severe in a lot of portfolios. If the risky investments won't cover it, it might even be the end for some... like you said when people diversify it is normally a good thing that helps make risk minimal in most of the case, but like you mention if the whole company holding diversified portfolio goes down not a good thing |
|
|
|
Hello, i had a account whit some referral hashes, what happended to Hashie?
What about my hashes and the hashes sold true my affiliated banner? Those people must be pissed, i hope i do not get any trouble from this.
well hashie pretty much ripped of the people and then instead of just leaving into the night they made songs and games and made people try to solve puzzles to get partial bounty payments. Your hashes are gone and i am sure you are fine cant get in trouble for your banner unless you still promoting it after all this has happen This was probably a part of the plan to make things seem right and attract more people to put money in their scam before they made an exit for good. This tactic is quite common amongst hyips and such scams. nice thought - caring about your referrals is a good behavior. I always try my best, to recommend services, i use myself and where i've done my research. But i have been wrong sometimes, that risk always exists. Though i feel my research has gotten better over time, there is always the possibility, to get fooled again. Stay as you are .  well see that is good atleast you only recomend and that you have researched, but like you said there is always risk of something going wrong despite all cautions being taken |
|
|
|
sigh............. why on earth can we have a 10% drop in bitcoin difficulty whenever it goes down always has been single digits but for it to rise in double digit difficulty dont seem to be unheard off |
|
|
|
|
Show Posts
