GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)

[suchmoon]

http://cdn.ebaumsworld.com/2012/05/82564589/wtf.jpg

Did you just hack my webcam to take that photo?  

[1715211757]

1715211757

[1715211757]

1715211757

[1715211757]

1715211757

[zerocoder]

I thought you accepted my 1 Satoshi offer. I'll by them all for 1 Satoshi each. That's quite a deal! It's like giving to a charity sending you that much btc.

https://www.youtube.com/watch?v=ZomwVcGt0LE

[MinermanNC]

Just in case it's not completely obvious, let me point out a couple of things with this recent stream of announcements.

POW with public mining will start sometime next week. Apparently they don't have a working wallet yet, still waiting for a screenshot to be posted:
https://hashtalk.org/topic/21689/jmordica-screenshots-of-wallet-software/28

Visa debit cards will start to be issued "within the next two weeks". The actual issuing bank has not been announced yet, not to mention all the other important details.

"Multiple exchanges" have been mentioned without any dates or names.

HOWEVER.

All decisions to convert your hashlets have to be made before the end of next week, i.e. before any of the above happens. And once you've done that, there no way back, and Market will be closed for you once you've chosen your conversion option.

And if you don't convert? you will just continue normal hashing at the same rates basically?

and they value a paycoin to be at 20.00 or so at the end of the first staking round? and I know I read somewhere the actual staking rate will be determined at the start of the round,,, is that correct... or close to lol

[bitpop]

Ill buy xpy for 1 xbt

[MinermanNC]

http://cdn.ebaumsworld.com/2012/05/82564589/wtf.jpg

Did you just hack my webcam to take that photo?  

lol, man your ugly 

[WaffleMaster]

Gotta love that ridiculous maintenance fee...

Its bad as it is, when you try to sell a hashlet on the marketplace..

Ya i bought a cleverbot solo hashlet just to check it out for the last week this is how the activity log looks like....

Device Name
    xxxxxxxxxxxxxxxxx (CleverHashlet)
Power
    1 MH
BTC Payout
    0.00021081 BTC
Maintenance Fee
    -0.00021080 BTC

so thats a grand total of 0.00000001 BTC in 24 hours of mining what a fucking joke.... I can lick one faucet and make more in 5 seconds

LOL this is an amazing point I haven't even seen on any other threads.

[bitpop]

jmordica's Mining Statement: http://youtu.be/ZY284WtOd9A

That video was two and a half minutes I'll never get back. Two guys jawboning over a videolink, smiling at each other and smirking while they seemingly watch a guy's ass in a darkened datacentre... whatever this clip purports to prove has obviously remained elusive  

A complete waste of time. If this video is any reflection on the calibre of the participants involved then the only thing I'd say is, "Seek alternatives".



 

Haha the ass was extra funny

Remember that neobee guy cam back to make fun of the victims

Just remember that neobee was a scam all along and he came back to laugh at everyone who believed him

https://www.reddit.com/r/Bitcoin/comments/2dbn57/whats_mark_karpeles_doing_today_whats_danny/cjnziyl

[MinermanNC]

Gotta love that ridiculous maintenance fee...

Its bad as it is, when you try to sell a hashlet on the marketplace..

Ya i bought a cleverbot solo hashlet just to check it out for the last week this is how the activity log looks like....

Device Name
    xxxxxxxxxxxxxxxxx (CleverHashlet)
Power
    1 MH
BTC Payout
    0.00021081 BTC
Maintenance Fee
    -0.00021080 BTC

so thats a grand total of 0.00000001 BTC in 24 hours of mining what a fucking joke.... I can lick one faucet and make more in 5 seconds

LOL this is an amazing point I haven't even seen on any other threads.

yikes! that sucks for the cost of a MH

[suchmoon]

And if you don't convert? you will just continue normal hashing at the same rates basically?

and they value a paycoin to be at 20.00 or so at the end of the first staking round? and I know I read somewhere the actual staking rate will be determined at the start of the round,,, is that correct... or close to lol

If you don't convert you can continue mining 1 satoshi. It was explained recently that maintenance fees can't go down, so it's largely a foregone conclusion.

Yes, the actual staking rate will be determined at the start of the round, but for the first round a range of 0.0075-0.01 per day has already been given and is displayed on ZenCloud.

$20 value is presumably for the "public launch", whatever that means. Nobody knows what it will be at the end of first round, obviously everybody expects "to the moon".

[T0urist]

maybe each visa card comes with a free hashlet....

More likely with a maintenance fee.

But the card is thermodynamic ... i thought only mastercard had a fee? For everyone else there's paycoin .

[suchmoon]

http://cdn.ebaumsworld.com/2012/05/82564589/wtf.jpg

Did you just hack my webcam to take that photo?  

lol, man your ugly 

It's all because of the ugly glasses that I borrowed from bitpop's avatar.

[I_IZ_CEO]

Yes, those exchanges will accept his pay coin. You can create a shit coin and all of them will accept it anyway. Exchanges ask for BTC for listing and this guy have our BTCs, so I am sure he can use couple of it for listing not a big deal at all

What makes me worry, what will happen afterwards

If it gets voted you can buy votes?
And I think it costs like 2 BTC to have your coin on most exchanges? I think that's what it used to cost.

[MinermanNC]

And if you don't convert? you will just continue normal hashing at the same rates basically?

and they value a paycoin to be at 20.00 or so at the end of the first staking round? and I know I read somewhere the actual staking rate will be determined at the start of the round,,, is that correct... or close to lol

If you don't convert you can continue mining 1 satoshi. It was explained recently that maintenance fees can't go down, so it's largely a foregone conclusion.

Yes, the actual staking rate will be determined at the start of the round, but for the first round a range of 0.0075-0.01 per day has already been given and is displayed on ZenCloud.

$20 value is presumably for the "public launch", whatever that means. Nobody knows what it will be at the end of first round, obviously everybody expects "to the moon".

Another great answer, I am just making sure I am not clueless.... lol In the begining as the emails hit me from gaw, I would glance at the cloud products but already have a cex.io account since they started, although its not worth much to me now lol, so I just didn't really have any interest in gaw. Then suddenly they evolved to where we are now. Plus a friend of mine a few months back order some btc gear from them and had delivery issues. So haven't really took the time to fully understand it all now. But I think I know enough to stay away from it. But being the curious miner that I am, I feel I need to know, and a tiny bit of me wanted to try a prime just for fun. But seeing what others are showing for returns, I think ill stick to traditional scrypt mining for now  
 
I may need some answers though!

thx

[MinermanNC]

http://cdn.ebaumsworld.com/2012/05/82564589/wtf.jpg

Did you just hack my webcam to take that photo?  

lol, man your ugly  

It's all because of the ugly glasses that I borrowed from bitpop's avatar.

lol I knew I had seen those somewhere before!

[siampumpkin]

I have one of their free 10 GH Genesis Hashlets that pays next to nothing. It actually paid 1 satoshi the other day so I changed the "pool" it was one. Should I convert it to a "free" CashTaker just for the laughs? 

[T0urist]

Anybody want to discuss the drop of other Hashlet payouts while Zenpool rises? Seems kind of weird that all other Solo Hashlets became obsolete while Zenpool rose. I'm sure they're not cutting the payments on the other Hashlets to pay off the Zenpool better 

See screen below for todays. Notice Zen is slowly creeping down. Usually when you run agreements with companies it should provide a static constant value not a daily changing one... after all those rentals etc going for a month or so not 24 hours right? Zen was back up to i think 34 now its down to 29... its slowly creeping backwards. Technically if everyone converts from mining to staking those left mining SHOULD get higher payouts as Josh's equipment is still mining so zen should have a larger share for the remaining mining in GAW. Its not true. Josh has stated the agreement had double the amount they pay to ensure zen was back up... why you you say you have almost double yet not pass that on?

Genesisguild and Genesishash always seems to be the same rate but if they are different pools i'd expect them to vary slightly. Its not updated daily and there was a recent difficulty drop i thought. Hashpoints are always constant which is a well duh statement though it did rise to 20 at one point so this shows that the webcode for zen cloud is basing hashpoints off something that is changing rate wise.

Josh isn't mining hashpoints or paycoin. He'd be a fucking idiot if he was. He could just do a first x blocks give a big payout to cover the initial he needed for "investors" and i use that term loosely... there is no point wasting power when nobody else is competing on your closed blockchain.

The truth is this
- Josh has remaining equipment mining btc.

- This said equipment is being sold off slowly on alibaba and oneminer.... the intention is once fully staked there is no requirement to show mining as there is none... a few shitty documents from the past will cover with lies saying they did.

- People that bought physical hardware and converted to hashlet primes basically gave josh his hardware back to which he makes profit on second hand sales... we know he's liquidating now. He recovered costs on market 10% returns for buy sells.

- Josh's next move is this (my prediction). Push the staking and basically encourage / force everyone to switch to staking with high promises. Next he will announce that the pool returns are dwindling due to x cost or y regulation. He'll shut the mining side down by giving people btc refunds OR the option to get x paycoin for your existing hashlets.. it will be a large paycoin amount to make you go wow. If you take a btc refund it won't hurt them too much as they've covered there base with cashstaker sales... its all about getting away from liability and fraud. Paycoin launches and fails... josh tries to onsell the company and runs with the money. We see him at his next scam venture. He has to be stopped by authority before he reaches this stage while the mining is happening and he can't fake the evidence.

[MinermanNC]

Anybody want to discuss the drop of other Hashlet payouts while Zenpool rises? Seems kind of weird that all other Solo Hashlets became obsolete while Zenpool rose. I'm sure they're not cutting the payments on the other Hashlets to pay off the Zenpool better 

See screen below for todays. Notice Zen is slowly creeping down. Usually when you run agreements with companies it should provide a static constant value not a daily changing one... after all those rentals etc going for a month or so not 24 hours right? Zen was back up to i think 34 now its down to 29... its slowly creeping backwards. Technically if everyone converts from mining to staking those left mining SHOULD get higher payouts as Josh's equipment is still mining so zen should have a larger share for the remaining mining in GAW. Its not true. Josh has stated the agreement had double the amount they pay to ensure zen was back up... why you you say you have almost double yet not pass that on?

Genesisguild and Genesishash always seems to be the same rate but if they are different pools i'd expect them to vary slightly. Its not updated daily and there was a recent difficulty drop i thought. Hashpoints are always constant which is a well duh statement though it did rise to 20 at one point so this shows that the webcode for zen cloud is basing hashpoints off something that is changing rate wise.

Josh isn't mining hashpoints or paycoin. He'd be a fucking idiot if he was. He could just do a first x blocks give a big payout to cover the initial he needed for "investors" and i use that term loosely... there is no point wasting power when nobody else is competing on your closed blockchain.

The truth is this
- Josh has remaining equipment mining btc.

- This said equipment is being sold off slowly on alibaba and oneminer.... the intention is once fully staked there is no requirement to show mining as there is none... a few shitty documents from the past will cover with lies saying they did.

- People that bought physical hardware and converted to hashlet primes basically gave josh his hardware back to which he makes profit on second hand sales... we know he's liquidating now. He recovered costs on market 10% returns for buy sells.

- Josh's next move is this (my prediction). Push the staking and basically encourage / force everyone to switch to staking with high promises. Next he will announce that the pool returns are dwindling due to x cost or y regulation. He'll shut the mining side down by giving people btc refunds OR the option to get x paycoin for your existing hashlets.. it will be a large paycoin amount to make you go wow. If you take a btc refund it won't hurt them too much as they've covered there base with cashstaker sales... its all about getting away from liability and fraud. Paycoin launches and fails... josh tries to onsell the company and runs with the money. We see him at his next scam venture. He has to be stopped by authority before he reaches this stage while the mining is happening and he can't fake the evidence.

very interesting synopsis

[MinermanNC]

ya know ya got it rough when you find yourself hanging out in this thread on a Friday night! lol

[cryptodaknight]

Same users over and over circle jerking. Some people here have some serious OCD issues. 

[MinermanNC]

my average round on cex.io with a little over 50 GH lol, wasn't long ago when 50 GH made some serious jack"

20987 2014-12-06 03:20:53 333082 25.1757 5/120 33 minutes 50.35 Ph/s 84032/75000042297 0.00% 23069561980 0.00002820


I am keeping enough in there to cover fees and keep the account alive, till whenever