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

[suchmoon]

He's bragging and backpedaling in the same post. Now it's 5% of Bitcoin. And they broke rental sites.

https://hashtalk.org/topic/23090

TL;DR: restart Sunday from block 277.

GAW_CEO
Admin
Moderator
Industry Innovator

Paycoin Stalled Update 2

PayCoin™ was launched today and due to an immense interest in the coin from miners and mining pools, it was so successful over 5% of the global SHA256 hashpower was pointed at the coin within hours of launch. Pool operators reported a growth which would reach over 10% of the global SHA-256 hashpower in a matter of hours.

The coin was solo mined by private and public pools with enough hashpower to cause independent forks making it impossible to track the true network hashpower. This also made full network consensus difficult to reach.

Prior to the launch, mining rental sites started selling at an increased pace. In less than 4 hours, PayCoin™ went from a concept to a coin with multiple public pools and exchange trades. Most public rental SHA-256 hashpower from the big 3 rental sites was pointed to it and users reported slowness on the provider websites. Several private rental services recieved calls for 1PH/s to 5PH/s rentals in order to mine PayCoin™ by large

The amount of hashrate added to the network and speed at which it was added was unprecedented. Some of the top technical devs in the industry were even surprised. This naturally led to some complications.

The first public pools came online within 20 minutes of the coin’s launch. Within hours of the launch an exchange began trading PayCoin™ and the first coins were traded at $24.71.

After 3 hours of mining the network hashpower was still fluctuating by up to 30% per block.

The network hashrate fluctuated by several Ph/s from block to block. This massive ramp up and migration of hashpower caused a glitch in the Proof of Work difficulty adjustment which is actively being resolved as we speak. The goal is to prevent network stalls and instamining blocks even with a sway in hashpower in the range of 50+ Ph/s at each block mined.

As of right now anyone past block 277 is on a forked chain and should resync their wallet. We are currently planning a re-launch from block 277 on Sunday night.

Edit: If I'm reading this right - and I'm no coin expert for sure - their difficulty adjustment is fubared, and it isn't even thermonuclear. I don't understand though how hashrate could fluctuate by several PH/s from block to block, it looked to me that at least their official pool was just steadily growing.

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[WaffleMaster]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

[dekay]

anyone who doesnt dump at 20$ if can is retard on dec 19 and thats a big if but i believe in the ht idiots protectin there coin  they will sacrifice themselfs to keepit at 20

[jimmothy]

Within hours of the launch an exchange began trading PayCoin™ and the first coins were traded at $24.71.

An entire ~$3 worth of forked shitcoin was traded on exchanges so far! GAWsome!

[dekay]

Within hours of the launch an exchange began trading PayCoin™ and the first coins were traded at $24.71.

An entire ~$3 worth of forked shitcoin was traded on exchanges so far! GAWsome!

shit corn ima dump xpy like the great mighty poo on conkers ht is down again

[vach]

http://theactionelite.com/site/wp-content/uploads/2013/03/titanic-sinking.jpg

"Most successful ship voyage in history!" - GAW CEO

"Most successful fork and stall in history!"

Is this a game? What it's called?

[NeonTranceBadger]

http://theactionelite.com/site/wp-content/uploads/2013/03/titanic-sinking.jpg

"Most successful ship voyage in history!" - GAW CEO

"Most successful fork and stall in history!"

Is this a game? What it's called?

Kerbal Space Program.

[dekay]

josh blocked me from twitter

[youseeberkeley]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

Seriously, you could try to do some math, it's good for your brain.

Bitcoin hashrate: 299,090,788 GH/s

Cumulative hashrate on Paycoin 20-30 minutes after launch: ~2.35 Petahash on just the main pool, not counting solo miners and other pools

2.35/(29.9-2.35) = 8.52% minimum hashrate that switched over, not counting solo miners and other pools

Basic math. Do it right.  

[jimmothy]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

Seriously, you could try to do some math, it's good for your brain.

Bitcoin hashrate: 299,090,788 GH/s

Cumulative hashrate on Paycoin 20-30 minutes after launch: ~2.35 Petahash on just the main pool, not counting solo miners and other pools

2.35/(29.9-2.35) = 8.52% minimum hashrate that switched over, not counting solo miners and other pools

Basic math. Do it right.  

That's not how math works..

[molan]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

Seriously, you could try to do some math, it's good for your brain.

Bitcoin hashrate: 299,090,788 GH/s

Cumulative hashrate on Paycoin 20-30 minutes after launch: ~2.35 Petahash on just the main pool, not counting solo miners and other pools

2.35/(29.9-2.35) = 8.52% minimum hashrate that switched over, not counting solo miners and other pools

Basic math. Do it right.  

you better be trolling mate 

[suchmoon]

http://theactionelite.com/site/wp-content/uploads/2013/03/titanic-sinking.jpg

"Most successful ship voyage in history!" - GAW CEO

https://i.imgur.com/ElQCDd8.gif

"Most successful fork and stall in history!"

Is this a game? What it's called?

Kerbal Space Program.

Yep. Great game. Can do stuff like this (yes, it's on topic): https://i.warosu.org/data/tg/img/0355/68/1413495750000.gif

[dekay]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

Seriously, you could try to do some math, it's good for your brain.

Bitcoin hashrate: 299,090,788 GH/s

Cumulative hashrate on Paycoin 20-30 minutes after launch: ~2.35 Petahash on just the main pool, not counting solo miners and other pools

2.35/(29.9-2.35) = 8.52% minimum hashrate that switched over, not counting solo miners and other pools

Basic math. Do it right.  

you better be trolling mate 

but josh never lies jk

[suchmoon]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

Seriously, you could try to do some math, it's good for your brain.

Bitcoin hashrate: 299,090,788 GH/s

Cumulative hashrate on Paycoin 20-30 minutes after launch: ~2.35 Petahash on just the main pool, not counting solo miners and other pools

2.35/(29.9-2.35) = 8.52% minimum hashrate that switched over, not counting solo miners and other pools

Basic math. Do it right.  

I see. That's probably the same math that will be used in HashStakers. Some slight movements with the decimal point and 5% APY becomes 500%.

[suchmoon]

josh blocked me from twitter

He retweeted a bunch of garbage, probably trying to push his own gaffes out of sight

... and HT is forked up again... 502 or something.

[bubbaj]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

Seriously, you could try to do some math, it's good for your brain.

Bitcoin hashrate: 299,090,788 GH/s

Cumulative hashrate on Paycoin 20-30 minutes after launch: ~2.35 Petahash on just the main pool, not counting solo miners and other pools

2.35/(29.9-2.35) = 8.52% minimum hashrate that switched over, not counting solo miners and other pools

Basic math. Do it right.  

Your maths is out by a mile 299,090,788 GH is actually 299 PH so 299/2.35 = 0.82% if you want to quote maths make sure you know how many GH to a PH it is 1 million.

[bitpop]

https://coin-swap.net/market/XPY/BTC ... lets keep the price very very low

Haha 5000 btc

[I_IZ_CEO]

He will go down as the biggest idiot in history
Social media is not for him, between the people that hate liars and the trolls, he will get eaten alive
If he keeps it up, more people will know about him and that's when he will get attacked by anon, etc
I feel bad for his wife and kids..

Hey Josh we know your peeking at this page and other ones on bitcointalk, litecointalk, reddit, take Gava's advice and stay in your warm bubble. DON'T COME OUT OF IT

And take my advice, SHUT THE FUCK UP before you do more damage to yourself idiot.

[youseeberkeley]

Somebody go post on his twitter the link and in all caps "SO HOMERO, IT'S 5% NOW HUH?"

Seriously, you could try to do some math, it's good for your brain.

Bitcoin hashrate: 299,090,788 GH/s

10% of it is 29.9 Petahash.

Cumulative hashrate on Paycoin 20-30 minutes after launch: ~2.35 Petahash on just the main pool(which is likely 10% of all Paycoin hashrate), not counting solo miners and other pools

2.35/(29.9-2.35) = 8.52% minimum hashrate that switched over, not counting solo miners and other pools,

Basic math. Do it right.  

Your maths is out by a mile 299,090,788 GH is actually 299 PH so 299/2.35 = 0.82% if you want to quote maths make sure you know how many GH to a PH it is 1 million.

kk fixed, much better now

[suchmoon]

https://coin-swap.net/market/XPY/BTC ... lets keep the price very very low

Haha 5000 btc

Below that nonsense there are some really good buy orders there. I would totally dump against 0.07 or so. Except nobody has matured coins