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Current system is breaking down (W7 64bit w/ RAM issues). It took some work, and the wallet now loads (had to wipe out previous data eg blockchain).
Interestingly, it reports the original DGC wallet as being corrupt and fails to initialize.
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Doesn't seem to work on Windows. Client loads, gets past splash screen, then quits. Deletes itself from the HDD as well.
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They may have already. That petition to sue is the SEC trying to get Carlos Garza to talk. If Josh is cooperating fully with authorities, there isn't a need to sue him. |
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502 Bad Gateway
nginx/1.2.1 Site down for updates again. Did someone by accident see a message before it went down? Or is it a popping up and down thing? Probably the usual up and down thing. |
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Looks like this is how it starts, now that there is a default payment and people are taking their money the rest will come forth as well. Coindesk is the highest used Crypto news site with a huge amount of traffic hammers home the truth that it is a big event and court cases are happening over use of Altcoins. as if Gaw has $340,000 cash lying around. who the hell can they go after for that kinda doe? maybe they'll settle for a few million xpy.... Considering it's a utility company, they probably have the assets to pursue Garza. On the other hand, Garza was already offloading parts of the company to other people earlier this year...So it might take a lot longer to actually get anything. |
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You cannot seriously tell me you expect to get something from him at this point?
Not after May. |
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This is what everyone thought as well but apparently it seems the fee is until the end of each year. With that said, there is no point in paying the fee now since you will only get around 5 months left of weekly payout until the end of 2015 and that is if only this "ponzi" able to sustain itself until the end of the year with so many doubt around
And it isn't on a sliding scale that accounts for how many payouts are left in the "year". |
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QandA will be like last time:
Q: When we will get paid?
A: When the balance will be clared.
Q: When will the balance be cleared?
A: When I finish checking the database (or similar crap)
It will be heavily modarated, questions will be deleted, he will avoid answering any direct relevant questions like.
1) Where is money for 6 months mining?
2) Where is money for 2nd gen mining?
3) Why you cant take money off from balance? Doesnt matter, we know its a ponzi
Nothing else matters. All other questions and answers are basically bullshit. Q and A session is not needed. All we need to know is why we are not paid?
Considering what happened in Q&A1, repeated questions and insults will be deleted. |
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Just logged in & had a look at my account. I have 2nd Gen pre-shares: 30 which i bought during launch, had 1 payment only then frozen till now & i see the message below with coin balances on the right of 0.23020000 BTC but i could not withdraw it as it says that withdrawal exceeds balance.
"Management fee details
To reactivate hosted mining service, yearly management fee payment is required for this user account. After reactivation, weekly payments to user balance (which can be withdrawn) are resumed. Alternately, users with accounts valued over a threshold may opt for self maintained mining, they will receive boards equipped with asic chips in exchange.
To opt to resume payments please send 0.23020000 BTC to Bitcoin address 1BBwAZ2f4ny2z1WjQLL33WYDsfyZwGZKaG . Once transfer received, hosted mining will be resumed in 48 hours. For security purposes, please write down BTC address, even if you do not plan to reactivate hosted service.
The secondary option (share conversion to asic boards) will be activated in next days - some details await adjustment.
There is no deadline for first option. There is a deadline for second option, which is not yet set."
Anyone having the same msg or same type of shares i have ?
thx for the updates.
Every one who has a 'cleared' account does. (Cleared means a maint fee showing up). |
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Maintenance for two hours. Should be info on the site anytime soon about the exchange options for physical hardware. Sure and then another 6 months until anyone receive anything and in about 1 year from now we will receive 1/4 of our balances and beelievers wil say look it was not a scam he payed! Not getting paid is not entirely true. He has started paying people after they paid the fee, he resetted their accounts and started weekly payments again. with all the payments from december 2014? or from now on? if it is the first, why didn't just keep the fees from those payments instead? No, he's restarted the weekly payments. At this point he is still busy with the sync, my guess would be that at least last years missing payments will be shown once that's done. My guess is he's gonna charge for shipping of the ASIC units and run  Could be. Maybe people will get delivery, who knows. You have to wonder, if this is legit, what kind of hardware will this be? It can't be that good if he is willing to get rid of it. We'll be syncing this for a few weeks I bet. Probably because he has something better in hand now. |
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Some accounts have the option to exchange shares for ASIC hardware (1 unit per 4k shares).
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Are y'all here pretty much just for the entertainment value or are you still hoping for a positive outcome ?
Seems pretty pointless to a casual observer. Maybe y'all should start a ltcgear anonymous club or something where you can carry on binding over the common experience of being connned by these guys.
I'm hoping for a positive outcome, but given the history of cloud mining in BTC, I don't really expect it to come true. |
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is scrypt.cc scam or not. i am poor.i want to invest 500$. please advice me
If you can't afford to lose 500, don't invest it. |
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LOL
"To opt to resume payments please send 6.50780000 BTC to Bitcoin address bla bla"
LOL
And Coin Balances all Zero.
You should bring some condoms too, at least if you get f**** you could stay safe! True that  Wonder who is sending BTC there ^^ And, i should GET BTC , no have to PAY BTC. My shares were not even 1 yo. My shares were new and never paid on. How can I owe a fee before I get paid? Fuck that shit... The current proposal on LTCTalk is that the maint fee covers all mining proceeds for this year. No word from bee on whether this is true or not. It seems it could be his tactics to do so. Makes me wonder how can people still trust him despite that he has tricked us for months and after months of waiting, what we have in our account is not our balance despite it is a fee that we must pay in order to resume weekly payment .
Big question mark will be where is our earning from the previous months that he should have pay us instead of asking us an upfront payment like this. Those who sent him the fee must have no clear mind of this thought
Yes. Essentially we are still in the same position we were in 3 months, 4 months, 5 months ago. Until there is an actual accessible balance it's still in 100% scam territory for me. And I still don't think we'll ever see a withdraw-able balance (of the last 5 months of payments anyway). There isnt any update yet from what he are owed from the past months and it seems like he has no intention to give what we are owed though Whats being inferred over in the Litecointalk forum is that balances currently owed will appear once all accounts are cleared, that we will be able to withdraw from, and pay the fee from, to continue mining. He has a tendency to "forget" his promises and tend to be late on schedule, nothing new about this and I expected this mess indeed. He lives in some kind of time warp place, where everything is displaced by at least a few weeks. IIRC, in his Q&A, he did say that coins go into the balance, and the balance is there until cleared, or synced, depending on what his word of the day is. |
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there seem to be people getting payouts without having paid the maintenance fee. so balance payout seems to be not connected with the fee. fee ist just for further weekly payouts. plz dont feel motivated to pay the fee after looking in this thread https://litecointalk.org/index.php?topic=25647.0Emmmm. Please provide the link to the exact post where someone said they got payout without paying fees. I've been following things closely and never saw that... Same here. |
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Whats being inferred over in the Litecointalk forum is that balances currently owed will appear once all accounts are cleared, that we will be able to withdraw from, and pay the fee from, to continue mining. If this isnt a ponzi its the only viable solution I can think of that will fix this mess.
I find it odd however that he can work out what we owe him before he is able to work out what he owes us.
Technically, he already knows what he owes the customers since the system tracks the weekly payout per share (or should be tracking it). The BTC/LTC just doesn't show up as a balance that can be withdrawn. Further update - https://litecointalk.org/index.php?topic=25734.msg263234Another person paid a small fee and was able to receive weekly payouts + withdrawal. Still nothing for the missing 6 months of payouts. |
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so basically 2 guys paid the fee and for both weekly payouts resumed. If only my account wasn't still pending and I could pay the fee...... lol From reading the whole discussion in litecointalk, It seems like the weekly payout resume but the previously owed coins is not in the balance. Furthermore it seems like you can pay the "fee" gradually and the fee will keep on decreasing depending on whats left for your account. Whats funny is that there is no TX ID of him paying the 16 BTC fee ( or I could have missed it ) seems bogus to me. With the 16 BTC fee, he (chris) could have resume his ponzi and only dissapear like 5 months later after he got no more funds to pay it again P.S : anyone have a small account that have a small fee on it? Would like to try it and see if the weekly payout is indeed resuming Where did you see about the gradually fee payment? If you pay, lets say 10%, will you get 10% of the payouts weekly until you pay more of the fee? That would be fucking amazing if it was in the system. Unfortunately, as others have said, the full fee must be paid in order to get weekly payouts again. At least it isn't as bad as taking a loan out from a bank. |
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Most definitely people should NOT be sending him any more money.
If he has been mining he can take the fees out of the money he owes us. This would be the simple, easy way to deal with the fees. The fact he hasnt chosen this option suggests he doesnt have anything to pay anyone.
I just hope the people currently looking for him, find him.
They did find him, but that didnt changed anything One person got paid out 1 LTC, which wasn't the amount owned, but showed that the "widget" had more in it than just plain text. Doesn't prove anything. Just proves Chris put balance 1 LTC and then sent him one LTC when he "requested" it. One guy on LTCTalk has posted saying he paid the maint fee (apparently really small) and weekly payouts resumed. |
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Its BCTalk... everything gets picked apart. And if its related to XPY it is practically in a no win situation. More over i don't see any Incorporation number right now being supplied in any form. So why is it not being picked apart right now?
It's the first time I'm hearing about HK and I don't think anybody here has been aware of that particular red flag yet. I've been mostly interested in the financial side of it so I blame everyone else for not digging up the corporate entity information (or lack thereof). IIRC, anything owned by an American, even if in an offshore location, is still subject to IRS law. Not so sure about SEC. |
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