Bitcoin Savings & Trust - Money Returned List (One reported - CLOSED).

[beckspace]

What gets me is that as far as I can tell, most of his "friends"/large lenders aren't saying much.

I would be raising the heat if I was in their shoes.

Maybe they are scared of him getting mad at them too and moving THEM to the back of, or OFF the line.

OR maybe he already started the payments and is asking his lenders to remain silent, just for the Lulz.

[Draino]

What gets me is that as far as I can tell, most of his "friends"/large lenders aren't saying much.

I would be raising the heat if I was in their shoes.

Maybe they are scared of him getting mad at them too and moving THEM to the back of, or OFF the line.

OR maybe he already started the payments and is asking his lenders to remain silent, just for the Lulz.

if that was happening, i'd be concerned of something more sinister than lulz

[Bitcoin Oz]

interest payment?

No not interest.

GPUMAX is a service owned and run by pirate@40 which buys and sells bitcoin mining.  I sell some of my mining shares to him and he buys them at a premium over what the current difficulty produces at any mining pool.  The 1.05776 BTC is my cut of today's sold mining.  Yesterday I earned 1.86416 BTC at 16:10 8/20/12.  pirate@40 is still running GPUMAX as if he doesn't want to rip off his customers.

Its only a small payment try withdrawing thousands of coins and see if he still pays 

[CoinCidental]

If I had been at the dinner in Vegas I would have swiped anything the guy touched then get it dusted for prints and dna tested if he owed me considerable amounts of money  

Officer,a bad man called pirate from the internet stole my bitcoins

you got 3 seconds to start walking or your going in the drunk tank

[tbcoin]

I still trust in the refund.
To operate with the amounts that he operates, mtgox should have up his birth certificate and his movements discussed in IRC could be related to his account, is not anonymous.

On the other hand if he were pay, it seems a bit risky maintain this situation, which could adversely affect gpumax

[sgravina]

interest payment?

No not interest.

GPUMAX is a service owned and run by pirate@40 which buys and sells bitcoin mining.  I sell some of my mining shares to him and he buys them at a premium over what the current difficulty produces at any mining pool.  The 1.05776 BTC is my cut of today's sold mining.  Yesterday I earned 1.86416 BTC at 16:10 8/20/12.  pirate@40 is still running GPUMAX as if he doesn't want to rip off his customers.

Its only a small payment try withdrawing thousands of coins and see if he still pays 

It's not a bank.  It is a fee for service.  GPUMAX doesn't hold my coins it pays me every day for mining that I sell.  Those two payments represent 386.82700808 BTC.  So we know that he was willing to part with at least that much since he closed his bank.

[SlaveInDebt]

interest payment?

No not interest.

GPUMAX is a service owned and run by pirate@40 which buys and sells bitcoin mining.  I sell some of my mining shares to him and he buys them at a premium over what the current difficulty produces at any mining pool.  The 1.05776 BTC is my cut of today's sold mining.  Yesterday I earned 1.86416 BTC at 16:10 8/20/12.  pirate@40 is still running GPUMAX as if he doesn't want to rip off his customers.

Its only a small payment try withdrawing thousands of coins and see if he still pays 

It's not a bank.  It is a fee for service.  GPUMAX doesn't hold my coins it pays me every day for mining that I sell.  Those two payments represent 386.82700808 BTC.  So we know that he was willing to part with at least that much since he closed his bank.

Pirate is the median between the buyer of your shares and you. That's not to say Pirates hasn't or doesn't use GPUMax for is own use.

[MrTeal]

I'm not sure what the average hashrate of GPUMax is when public work is available, but I would imagine it's considerable. GPUMax also pays out daily, but it's not unusual for there to be a couple day delay before payments are made. If Pirate was about to take off with all the money, it would make sense for him to provide 100% public work for 3 or 4 days that points towards his own private pool. He would get a decent bonus of untraceable coins to add to his tally.

[bitcoiners]

I'm not sure what the average hashrate of GPUMax is when public work is available, but I would imagine it's considerable. GPUMax also pays out daily, but it's not unusual for there to be a couple day delay before payments are made. If Pirate was about to take off with all the money, it would make sense for him to provide 100% public work for 3 or 4 days that points towards his own private pool. He would get a decent bonus of untraceable coins to add to his tally.

Lol, so suckers gave him $5 million in BTC and they are also mining coins for him?  He has it all figured out.  Genius!

[sadpandatech]

sighhhh

so much misunderstanding,of, just everything, by a lot of posters here....

Where have all the old, wise and patient ones gone that used to spend hours on end stearing the misguided musings back on track?

 

[myrkul]

sighhhh

so much misunderstanding,of, just everything, by a lot of posters here....

Where have all the old, wise and patient ones gone that used to spend hours on end stearing the misguided musings back on track?

 

Staying the hell out of this hot mess, would be my guess.

[stochastic]

I am trying to understand the logic of lenders... if they get all their coins back but a bitcoin is devalued from this month's highs by 100-200%, then what was the point of lending it out?

[sadpandatech]

I am trying to understand the logic of lenders... if they get all their coins back but a bitcoin is devalued from this month's highs by 100-200%, then what was the point of lending it out?

That is not their logic. That was the implied logic from some posters who may not have experience with the sizes of capital invloved. I'd think lenders would be more likely to look for new ways to leverage their regained BTC...

[Transisto]

I'm not sure what the average hashrate of GPUMax is when public work is available, but I would imagine it's considerable. GPUMax also pays out daily, but it's not unusual for there to be a couple day delay before payments are made. If Pirate was about to take off with all the money, it would make sense for him to provide 100% public work for 3 or 4 days that points towards his own private pool. He would get a decent bonus of untraceable coins to add to his tally.

Lol, so suckers gave him $5 million in BTC and they are also mining coins for him?  He has it all figured out.  Genius!

If you just heard about GPUMAX please STFU.

[fcmatt]

I'm not sure what the average hashrate of GPUMax is when public work is available, but I would imagine it's considerable. GPUMax also pays out daily, but it's not unusual for there to be a couple day delay before payments are made. If Pirate was about to take off with all the money, it would make sense for him to provide 100% public work for 3 or 4 days that points towards his own private pool. He would get a decent bonus of untraceable coins to add to his tally.

Lol, so suckers gave him $5 million in BTC and they are also mining coins for him?  He has it all figured out.  Genius!

If you just heard about GPUMAX please STFU.

Huh? It is not like all of us have time to read every single thread on this board and chase down references to everything around here.  harsh.

[Transisto]

I am trying to understand the logic of lenders... if they get all their coins back but a bitcoin is devalued from this month's highs by 100-200%, then what was the point of lending it out?

Given the risk there is little logic,  My guess is they didn't expect to all be paid at once,  Anyway, wanting more coin has nothing to do with USD trading values.

[Transisto]

I'm not sure what the average hashrate of GPUMax is when public work is available, but I would imagine it's considerable. GPUMax also pays out daily, but it's not unusual for there to be a couple day delay before payments are made. If Pirate was about to take off with all the money, it would make sense for him to provide 100% public work for 3 or 4 days that points towards his own private pool. He would get a decent bonus of untraceable coins to add to his tally.

Lol, so suckers gave him $5 million in BTC and they are also mining coins for him?  He has it all figured out.  Genius!

If you just heard about GPUMAX please STFU.

Huh? It is not like all of us have time to read every single thread on this board and chase down references to everything around here.  harsh.

It is not like any of us have time to read every brainfarts posts.  This place is sickening,

[Micon]

I'm not sure what the average hashrate of GPUMax is when public work is available, but I would imagine it's considerable. GPUMax also pays out daily, but it's not unusual for there to be a couple day delay before payments are made. If Pirate was about to take off with all the money, it would make sense for him to provide 100% public work for 3 or 4 days that points towards his own private pool. He would get a decent bonus of untraceable coins to add to his tally.

Lol, so suckers gave him $5 million in BTC and they are also mining coins for him?  He has it all figured out.  Genius!

If you just heard about GPUMAX please STFU.

Huh? It is not like all of us have time to read every single thread on this board and chase down references to everything around here.  harsh.

+1 / extremely relevant to find out what Pirate is doing with GPUMAX.  This guy could owe as much as $5M USD+ and you are still somehow allowing him to sell your hashing power?  with 10 other way more reasonable looking mining pools available?

[drakahn]

I'm not sure what the average hashrate of GPUMax is when public work is available, but I would imagine it's considerable. GPUMax also pays out daily, but it's not unusual for there to be a couple day delay before payments are made. If Pirate was about to take off with all the money, it would make sense for him to provide 100% public work for 3 or 4 days that points towards his own private pool. He would get a decent bonus of untraceable coins to add to his tally.

Lol, so suckers gave him $5 million in BTC and they are also mining coins for him?  He has it all figured out.  Genius!

If you just heard about GPUMAX please STFU.

Huh? It is not like all of us have time to read every single thread on this board and chase down references to everything around here.  harsh.

+1 / extremely relevant to find out what Pirate is doing with GPUMAX.  This guy could owe as much as $5M USD+ and you are still somehow allowing him to sell your hashing power?  with 10 other way more reasonable looking mining pools available?

Just like BTCST you can read the relevant thread and find the information you want, or you can keep making baseless claims

[makomk]

Just like BTCST you can read the relevant thread and find the information you want, or you can keep making baseless claims

Just like with BTCST, discussion of GPUMAX is filled with people who insist that they're absolutely certain what purpose it serves and that anyone who can't figure it out or who claims it's used for pool hopping or money laundering is an idiot, yet refuse to actually say what they think it's for.