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Author Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)  (Read 3208290 times)
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November 27, 2014, 02:43:13 AM
 #1541

Apparently proof of mining is coming from a respected third party.

https://hashtalk.org/topic/20006/media-validation-of-gaw-mining

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galdur
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November 27, 2014, 02:45:24 AM
 #1542

How´s the world´s best paying pool doing ? Any progress in the
negotiations ?

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November 27, 2014, 02:50:36 AM
 #1543

How´s the world´s best paying pool doing ? Any progress in the
negotiations ?

Today rates are 0.00033943 BTC/Mhs
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November 27, 2014, 02:52:45 AM
 #1544

Apparently proof of mining is coming from a respected third party.

https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
Please please please don't be someone unfamiliar with crypto.
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November 27, 2014, 02:55:09 AM
 #1545

How´s the world´s best paying pool doing ? Any progress in the
negotiations ?

Today rates are 0.00033943 BTC/Mhs

Yeah, Zilch. What a surprise.

What happened to it will soon be at prior levels or even higher ?

What does soon mean ? Does is mean is or something else ?

Maybe I didn´t even have sex with that woman if I convince
enough brain dead idiots that I didn´t.

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November 27, 2014, 02:56:59 AM
 #1546

Apparently proof of mining is coming from a respected third party.

https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
Please please please don't be someone unfamiliar with crypto.

"We visited GAW's mining facilities and can confirm once and for all that they have a lot of machines" - wsj blogger
kingcolex
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November 27, 2014, 02:57:51 AM
 #1547

How´s the world´s best paying pool doing ? Any progress in the
negotiations ?

Today rates are 0.00033943 BTC/Mhs

Yeah, Zilch. What a surprise.

What happened to it will soon be at prior levels or even higher ?

What does soon mean ? Does is mean is or something else ?

Maybe I didn´t even have sex with that woman if I convince
enough brain dead idiots that I didn´t.
What Zilch? Thats the highest rate pool higher than clever mining by 33%

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galdur
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November 27, 2014, 03:00:44 AM
 #1548

How´s the world´s best paying pool doing ? Any progress in the
negotiations ?

Today rates are 0.00033943 BTC/Mhs

Yeah, Zilch. What a surprise.

What happened to it will soon be at prior levels or even higher ?

What does soon mean ? Does is mean is or something else ?

Maybe I didn´t even have sex with that woman if I convince
enough brain dead idiots that I didn´t.
What Zilch? Thats the highest rate pool higher than clever mining by 33%

OK, it´s acceptable if the instrument is selling at .01.

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November 27, 2014, 03:08:02 AM
 #1549

Apparently proof of mining is coming from a respected third party.

https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
Please please please don't be someone unfamiliar with crypto.

"We visited GAW's mining facilities and can confirm once and for all that they have a lot of machines" - wsj blogger

This link is broken. Can you guys provide working source?


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November 27, 2014, 03:16:20 AM
 #1550

https://hashtalk.org/topic/20006/validation-of-gaw-mining/3
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November 27, 2014, 03:21:22 AM
 #1551

Interesting, this should push them up in cloud mining rankings. At least the ones that count transparency.
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November 27, 2014, 03:39:48 AM
 #1552

coinbrief

Quote
Dustin O'Bryant
November 5, 2014 at 2:16 pm
Yes, I am aware of some questions about GAW that have arisen since the HashCoin whitepaper was released (there were murmurs before, but it is getting heated now). Obviously, my analysis here was not accurate, as they have taken this in a completely different direction, and I will be covering the developments as soon as I have a chance.

After GAW’s early success with hardware, and consistent ability to crush their competition, I had a lot of faith in them. That being said, I’m not so sure anymore.

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November 27, 2014, 03:54:47 AM
 #1553

Apparently proof of mining is coming from a respected third party.

https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
Please please please don't be someone unfamiliar with crypto.

"We visited GAW's mining facilities and can confirm once and for all that they have a lot of machines" - wsj blogger

"They even reviewed detailed information about our mining center to validate our mining". Nobody visited anything as far as I can understand.

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November 27, 2014, 03:58:14 AM
 #1554

Answers:

https://hashtalk.org/topic/20020

There are some interesting bits but some majors ones were left unanswered, like how Prime Controllers or Orion Controllers will benefit users.

Quote
Q: What FIAT currencies will be available in HashBase?
A: FIAT conversions will be available via PayBase and may be available via HashBase through an exchange API. Conversions will start with USD first, then move to other currencies.

Q: Do I need to get verified to trade PayCoin and Bitcoin for FIAT on PayBase?
A: PayBase will follow all local regulations and AML compliance laws. Verification will be required and KYC policies will be in place.

Q: What is the relationship between Prime Hashlets and Prime Controllers and how will the miners benefit?
A: TBA

Q: How will HashPoints be converted to PayCoin?
A: Upon the end of the second ICO round, all HashPoints will be automatically converted to PayCoins.

Q: Will Hashpoints disappear or will they still exist and used for AMPS?
A: HashPoints will be completely phased out upon conversion. All amps inside HashBase will be purchased with PayCoins.

Q: Can we buy Hashlets from the HashMarket with PayCoin?
A: Upon the full release and integration with PayBase you will be able to purchase all GAW products with PayCoins.

Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

Q: How will AMPS for other hashlets be purchased?
A: All AMPS in the HashBase Amp Store will be bought with PayCoins.

Q: Is POS for PayCoin only in Hashbase or also in a wallet on my PC?
A: Both. PayCoin is an open decentralized cryptocurrency. Anyone can download a wallet and participate in the PayCoin network to earn a share of the network stake.

Q: Can I use HashPoints or PayCoins to upgrade a poorly performing hashlet, or any hashlet, to any other hashlet or a HashStaker?
A: Yes, the HashBase AMP store will include upgrade paths for hashlets and more.

Q: Can you buy hashlets with HashPoints at some later date?
A: HashPoints will be deprecated once the conversion happens. Hashlets will be purchasable with BTC until the integration of PayCoin.

Q: What will be the price of the Orion Hashlet and what are the advantages?
A: TBA

Q: What exchanges are going to list Paycoins, & when?
A: Most major exchanges will begin trading Paycoins mid-December to January.

Q: Will merchants accepting PayCoin be US-only or worldwide?
A: Worldwide online retailers will accept PayCoin directly or through third party payment processors upon launch. Other retailers and brick-and-mortar merchants will follow worldwide.

Q: After ICO round 2 how long do we have to wait to start exchanging our PayCoins?
A: PayCoin exchanges are expected to come online mid-December to January.
Q: Nowadays the payout of HashPoint Pool has a correlation with BTC value. Will PayCoin be completely independent of the valuation of BTC in the future?
A: PayCoin value will be what the market determines it to be. The value will have an exchange rate to BTC, but will be independent of BTC’s value.

Q: Will we be able to transfer our HPs to other users?
A: No. After the conversion from HashPoints to PayCoins, users will be able to transfer PayCoins to other users.

Q: How do we get the PayCoins if ICO Round 2 begins and ZenCloud is still in use?
A: The HashPoint pool and HashPoint mining have been extended to allow extra time for customers to ramp up their HashPoints before the PayCoin conversion.

Q: How many days will we be able to buy PayCoins with HashPoints for the initial conversion rate?
A: All HashPoints will be automatically converted to PayCoins. Everyone will receive the same rate for the conversion.

Q: Once we convert out HashPoints for PayCoins, how long will it be before we can buy hashlets with it?
A: Mid-December.

Q: How do we get a HashBase card like the one in the picture, which said HashPass on it?
A: This will be announced and a limited beta group will be invited to receive the first cards.

Q: How will we fund and use the HashBase card?
A: The HashBase card will work the same as any credit/debit card. Funding will be done through PayBase or through HashBase via a PayBase API.

Q: Will "Safe Fund" be implemented in the HashBase interface?
A: This is a planned feature for PayBase with integration to HashBase.

Q: Will HashBase begin accepting DOGE and LTC payments like GAWMiners?
A: We have not decided this yet. Let us know your thoughts!

Q: I read in the White Paper (Page 11, footnote 4,) that wallets or addresses can be destroyed? This sounds like a serious concern.
A: This was a verbage issue from our technical writers. The correct statement should read with added clarification: “PayCoin™ employs additional measures to prevent network abuse by micro transaction spam. Addresses sending multiple micro transactions smaller than the network fee may be declined transaction processing for a set period of time. All transactions considered invalid, where the transaction amount is less than the network fee, will be declined.”

Q: What will the pool payouts for Paycoin/MH of Primes?
A: TBA

Q: Do I need to sign up for HashBase upon launch, or will my ZenCloud account be ported over to HashBase without needing to do anything?
A: Our technical team has stated that there will be a full migration of accounts from ZenCloud to HashBase. Users will simply have to login to HashBase to activate their new account.

Q: What about 2FA?
A: Please see this post: https://hashtalk.org/topic/19189/more-than-just-a-new-coin

Q: What will happen to the Old PayCoin PYC on exchanges?
A: We will work directly with our exchange partners regarding trading symbols and exchange listings.

Q: What will the new symbol be on exchanges?
A: A: We will work directly with our exchange partners regarding trading symbols and exchange listings.

Q: Can we get an exact conversion figure? Hashpoints to PayCoin?
A: The exact figures will be announced prior to the conversion once our systems are setup to perform the migration from HashPoints to PayCoins.

Q: Will HashPoints mined after the 24th (assuming availability of the pool) convert at the same ratio?
A: HashPoints mined at any time will be converted at the same rate.

Q: Will the payment cards, (credit or debit,) on HashBase be FIAT or PayCoin card? Visa or Mastercard?
A: The details of the card will be announced at a later date.

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November 27, 2014, 04:05:26 AM
 #1555

This is interesting:

Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.

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November 27, 2014, 04:45:29 AM
 #1556

This is interesting:

Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.

Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.
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November 27, 2014, 04:51:23 AM
 #1557

This is interesting:

Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.

Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.

It's still an odd setup - you have a SHA256 coin that can't be mined with a SHA256 hashlet, but can be mined with the pseudo-Scrypt hashlets. Or are you saying they would make HP Pool an option for Genesis?

Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.

Quote
GAW_CEO
Admins
Global Moderator
Industry Innovator

  @Full-Metal-B*tch said:

    @GAW_CEO said:

      Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
      A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW   
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

    Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
    Also, how long is the POW stage and POS stage?

Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated

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November 27, 2014, 05:01:55 AM
 #1558

This is interesting:

Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.

Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.

It's still an odd setup - you have a SHA256 coin that can't be mined with a SHA256 hashlet, but can be mined with the pseudo-Scrypt hashlets. Or are you saying they would make HP Pool an option for Genesis?

Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.

Quote
GAW_CEO
Admins
Global Moderator
Industry Innovator

  @Full-Metal-B*tch said:

    @GAW_CEO said:

      Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
      A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW   
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

    Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
    Also, how long is the POW stage and POS stage?

Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated

It's almost as if they're completely making shit up as they go along.
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November 27, 2014, 05:08:46 AM
 #1559



Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.


We're all waiting for confirmation on how to mine outside of GAW, but we've been told that outside miners will be able to do it.  Along with hosting Prime and Orion controllers.

The initial question was whether Genesis hashlets could mine the coin, which we know cannot be pointed to an outside pool.  Primes will be able to mine them at an unknown rate, but nobody knows how or when outside SHA miners can mine the coin.

On a related note, do we have a block reward schedule (the one based on thermodynamics?)  If so, how does the Prime controller fit into all this where it can "create more coins based on demand" or some such?

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November 27, 2014, 05:13:11 AM
 #1560

It's almost as if they're completely making shit up as they go along.

This has been pretty clear since day one that Primes will be able to do things other hashlets can't.  If GAW allowed Genesis to mine the coin it would have been throwing the users a bone.  It's not surprising that this was a mistake to be added to the questions since it's been well known that ONLY PRIMES can mine the coin post launch.

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