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1  Alternate cryptocurrencies / Announcements (Altcoins) / Bitcoin Gold (BTG) pools are scamming on: June 16, 2018, 04:17:29 PM
One of the biggest BTG pools ( turns to be a scam. For many days it is stuck on the page with never changing parameters and not paying at all. Furthermore, the other big pool which has nearly 50% of the hashrate is paying to me only half of the earnings displayed in I expected they will steal 5-10% as most bad pools do, but 50% is too much. In comparison, flypool and dwarfpool give almost always around the earnings displayed in They are the best pools for zcash and eth, resp.!
2  Bitcoin / Bitcoin Discussion / People's Bank of China hammer the Bitcoin on: January 08, 2017, 11:16:41 AM
On Saturday night, December 7, the value of bitcoin on world markets continued the decline which begun on Thursday, falling to nearly $ 820. Last the cryptocurrency traded at these levels on 22 December. There are several reasons but one of them is a quite important precedent in crypto world. I am talking of an outright attempt of the PBOC (People's Bank of China) to hammer the bitcoin with the hope to stop the devaluation of the yuan.

Recall before it became known about the meetings that had PBOC with the representatives of the three leading bitcoin exchanges in China - BTCC, OKCoin and Huobi. According to its results, the regulator said that due to the high volatility of Bitcoin institutional and individual investors, we need a rational approach to the issue of investment funds in cryptocurrency.

Representatives of the exchanges themselves have tried to reassure the community, saying that we are not talking about any "ban" of Bitcoin in China. However, there are new messages on Saturday night that the PBOC intends to limit the possibility of exchanges in regard to attracting new users.

In particular, according to the publication in Caixin, the central bank intends to prohibit exchanges to mention in its promotional materials yuan's devaluation and the attractiveness of Bitcoin as an alternative investment vehicle, and promote their offline services.

It is also alleged that some of these exchanges were forced to take them to put forward demands and withdrew their marketing strategies.

BTCC posted this notice on their site:

"BTCC regularly meets with the People's Bank of China and we work closely with them to ensure that we are operating in accordance with the laws and regulations of China. As the longest running exchange in the world, we have always adhered to strict AML/KYC policies and continue to be compliant with all current regulations in China. The press release put forth from the PBOC today outlines that there is significant volatility in bitcoin trading, and also quoted from a notice released in 2013 saying that bitcoin is a virtual good and doesn’t have legal tender status. All of our users should be aware of the current policies on virtual goods as well as the risks involved in trading in volatile markets."

Now, what is the truth behind all this veiled explanations? What did really happen? The truth is as simple as that: the owners of BTCC, OKCoin and Huobi selled enourmous amount of bitcoin for yuan to satisfy the dictatorship of PBOC. This lead to an avalanche type of effect on the price of bictoin. I found it particular disturbing that the idea of decentralized cryptocoin is compromised by the owners of the biggest exchanges. Let's protect our freedom and fight back! Get out of any chinese exchanges, sell yuans and buy cryptocoins. Let's show we are stronger!
3  Economy / Scam Accusations / Stay away from (and the whole family)! It is a scam! on: November 01, 2016, 02:12:43 PM
After 2 days of fighting with the "bugs" of Supernova ZEC pool,  I came to the conclusion that this pool is a big scam! First, they selectively pay to someone, and to others don't pay at all. The balance is ''unconfirmed" for 2 days!!! Second, their site is down every couple of seconds (literally) pretedning to be upgrading, thus preventing users to control what is going on. And third, most of the workers are "unauthorized" which leads to hashing for someone else's profit. From my 50 workers, only 2 are 'authorised' to work and the shares are accepted. I don't see any confirmed balance on these workers either! I believe that this is an outrageous scam robbery!!!!  Shocked Angry
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