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Food for thought: At the current BTC price of ~$220 USD/BTC, you are likely far better off buying Bitcoin on Coinbase than one of these miners.
FWIW, I've been buying on the way down below $250 over the last couple weeks instead of investing in new miners.
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This is a nonsensical statement. He's going to need to do way more than create trading "background noise" to have any meaningful impact on the price. His harebrained ideas are going to destabilize the comedy-gold markets. |
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That was originally a Josh post ripping on Bruno that I edited for absurd purposes.
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You've never heard of a coin transitioning from PoW to PoS?
No. Not something that is appealing to me at all. |
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People need to grow a brain and see that Josh Garza is full of shit and needs to be dropped everybody move to new wallet that is the only way your paycoin is going to have value
FTFY. |
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You mine it with ownership of Coins
This is the crux of the issue. As a miner, and a noob to PayCon, there is zero incentive for me to become involved with the coin if I don't own any already, as it's impossible to mine at this time. Why should I bother ? I tried to get in for the lulz, and now I'm just SMH at the myopia of its design (unless that's part of the joke to begin with) |
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Split this off from the other thread... Meanwhile, PayCon Weelets are performing phenomenally  A POS coin that's not possible to mine ? SMH... I think it's more about eliminating sell pressure, I'll be happy to send you some for free or even sell you 1-2% at like 400-500 Satoshis and that would go towards more development work. The goal is to show what can be done, and even make a little money as well, for everyone involved. This week is about automation, all the Weelets, Yanglets, Primelets, and Immortals are one gigantic script that feeds into each other. It has all been written upon time presets and drifting intervals. It's just like PayCoins shuffle script but probably even more advanced than that. What is the point of PayCon if I can't mine it ? What incentive do new miners have to become involved with it ? |
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Meanwhile, PayCon Weelets are performing phenomenally Dude, PayCon is terrible, and you should feel terrible for having anything to do with it. A POS coin that's not possible to mine ? SMH... |
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to continue that a bit: he is dissing CoinFire. im just wondering what his credentials are... random internet dude releasing stuff to back up a fraud  always funny when the truth is looked as: "damage to the industry" gtfo you bad actors and the industry will be fine "Integrity".  Our position regarding GAW and Paycoin. These unsupported "indisputable facts" versus the reality.
There has been a very vocal campaign against the previously highly regarded supplier, GAW Miners, and going even further targeting their CEO Josh Garza, and has also questioned our position on these matters. In response to this, I am issuing the following unambiguous statement.
We do not share the opinion that this operation,or Mr Garza are intending to defraud, or have defrauded any investor in Hashlets, Hashstakers, Paycoin XPY, or any other product or service supplied by GAW or it's companies. We are not associated with these companies beyond personal & private holdings of Hashstakers, Zen Hashlets and XPY Paycoin, and are not paid by these companies.
They are accused of reneging on contracts, there is no evidence of this. Reneging on promises. There were never price promises, beyond individual expectation of market value, and the anticipated $20 floor, a concept since reformed into the honours program, which whilst indefinitely delayed, pending the resolving of legal issues, is still very much active. Some proposed features have been shelved, delayed, or abandoned due to direct effects of the current hate campaign, and other features have since been proposed, some are better.
Leaked emails, widely circulated, have been obtained illegally and are legally confidential. They must be disregarded due to their origin being from a hacked external, and uncredited anonymous source. The hacking of privileged company resources also indicates that the hacker may easily have fabricated these emails using hijacked services, or had physical access to those resources.
Neither GAW, Zencloud or any other GAW operation, has at this time, directly or indirectly defrauded anybody regarding the conversion to hashstakers and XPY. This was always a choice, freely chosen by the individual.
The campaign against GAW is a phenomenon that is unprecedented, and has become almost a cult. The vehemence of these detractors - the majority of whom are non investors - has had a visible effect on trust and wider adoption of this XPY. This campaign was fuelled by a core few individuals, would be members of a kind of informal 'old guard' of Crypto. It is an indefensible action.
We cannot accept any of these third party, sometimes absurd allegations as hard evidence, neither can anybody else who does not have unrestricted access to confidential original company accounts, minutes of meetings and internal and external correspondence. Therefore, were we to conclude that there was a scam going on, it would be pure conjecture, and that is morally and professionally irresponsible, and would leave us fairly justly liable, to prosecution for libellous actions. The majority of the supposed evidence so far, has no covenance and in some cases is even unknown of by the correspondents. Being unverifiable non original data, it is simply not worthy of consideration for any practical purpose.
GAW are also a registered company, with a strong track record. We have no desire to participate in any clearly orchestrated campaign against a hard working company.
Where we list other registered companies, it is always after confirming beyond doubt, that the company is using faked covenance, or is non-existent. We aren't here to investigate legal entities, already subject to outside audit.
I will finish by saying that personally, I am pretty adept at spotting a fraud. I do not believe that any deliberate attempt is being made to defraud anybody by Josh Garza. I do believe that the real damage being done to investors is due to this core group of 'haters' who resent this innovation and this rightly perceived threat to their own interests, and as such are prepared to originate and fuel this disinformation, not excluding illegally obtaining discreditable and confidential correspondence.
This is not intended as investment advice.
Ultimately, there will be a definitive outcome to this ongoing debacle. We'd like to come out of it with our integrity intact as well.
ViK. Editor & Project Lead. March 24th 2015 |
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What an absolutely epic shit-show.
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Sorry for sounding like a noob to this stuff, but is it not possible to Solo Mine this stuff ? ccminer30 -t 1 -a x13 -o 127.0.0.1:9456 -u xian -p 1234 ... isn't working for me  cgminer is for mining a Proof of Work Coin, PayCon is a Proof of Stake only Coin that pays a static Proof of Stake reward of 30 Coins per Block. ccminer != cgminer Is it not possible to mine this stuff like we do Bitcoin ? |
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Sorry for sounding like a noob to this stuff, but is it not possible to Solo Mine this stuff ? ccminer30 -t 1 -a x13 -o 127.0.0.1:9456 -u xian -p 1234 ... isn't working for me |
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Once again. Please stop promoting your played out jokecoin in this thread. It is completely off topic and no one gives a fuck about it.
Au contraire, how do I solo mine this shit ? Have PayCon.conf created, and this times out ccminer30 -t 1 -a x13 -o 127.0.0.1:9456 -u xian -p 1234I downloaded the client, synced the blockchain, downloaded ccminer, and it keeps timing out trying to connect to 127.0.0.1:9456 ? Wat do ? EDIT: Disregard. Looked into it further and PayCon is a complete and utter waste of time, and is a terrible joke coin on every level. |
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Got two new power supplies back after RMAing them to Antec. I no longer have any use for them. They are brand new in their boxes and unopened. Asking 1BTC each including shipping anywhere in the continental USA. Please PM me if interested, as I do not frequently check this sub.   |
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We have hashrate coming from a BM1384 on our breakout board.
That's tremendous ! Congrats ! Love following your updates. |
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Bruno once touched me in a naughty place.
I didn't have a problem with that.
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