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

[vancefox]

Your attempts to keep it afloat goes directly against this.

Is he really attempting to keep it afloat? The way I read it, he's simply saying IF someone wants to keep the coin alive here is what should be done (in his opinion). You guys are blowing this way out of proportion (in my opinion). The attempt to save the coin will happen regardless of what Andrew says. There are too many bagholders for the coin to just disappear.

Exactly, thank you! lol

It was not my understanding that was all he had done.  In that case, I've attempted to keep the coin afloat as well back before hyper-scooby-doo-inflation kicked in by saying the only way to save the coin was to remove the unbalanced hyperinflation code and kill the pre-mined coins left over after paying out the "hashpoints".  Oh well.

[Garzad]

<<
First learn how to quote and two there was no BS. I did listen to it. Not once but twice. She, in her own words, gave 'dirty money' to charity. Think of the logic of that for a moment you stupid fxxx.
>>

Very dignified argument.

She donated $1550 in B-I-T-C-O-I-N.

OH, and..... *ignored*  buh-bye......

[suchmoon]

Your attempts to keep it afloat goes directly against this.

Is he really attempting to keep it afloat? The way I read it, he's simply saying IF someone wants to keep the coin alive here is what should be done (in his opinion). You guys are blowing this way out of proportion (in my opinion). The attempt to save the coin will happen regardless of what Andrew says. There are too many bagholders for the coin to just disappear.

Exactly, thank you! lol

A well known and fool proof way to avoid association with something is to not post your ideas about it on the internet.

Come on, this whole thread is just like that . We're all smeared with this crap forever now.

If anything it would be weird if TheMage didn't express his opinion, given his well known interest in this debacle and his "priors" - LTC removal from Coin-Swap, the "debate", etc.

And it did generate an interesting discussion, which is a good thing in my opinion.

[coinits]

<<
First learn how to quote and two there was no BS. I did listen to it. Not once but twice. She, in her own words, gave 'dirty money' to charity. Think of the logic of that for a moment you stupid fxxx.
>>

Very dignified argument.

She donated $1550 in B-I-T-C-O-I-N.

OH, and..... *ignored*  buh-bye......

Ignored by fucking moron. Works for me. Saves me the effort.

[not.you]

Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin.  Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

Present rate, these coins are worth $209 USD. At the height of Litecoin, they were worth less than $8k.

This cannot be said about Paycoin. The investigation in this thread has thoroughly revealed that from its inception Paycoin was designed to prop up a failing company, and was indeed used for that various purpose. Further, it has been revealed that it was launched in bad faith, where an honest person, when realizing that their idea would surely not work, would have simply pulled back and started over.

It's no secret that I am a fan of Litecoin and have never owned a Paycoin. But objectively speaking, Andrew, you're doing yourself no favors by suggesting that anyone should do anything to save Paycoin. There will never be a market outside of that community which values the coin, and therefore it should be taken off the exchanges, since any time it is sold on them, it is done for the very purpose of enriching the callow or foolish, neither of which are things which the cryptocurrency community has a need to promote.

I completely agree with this. I have been angry since the day Andrew offered to do a live debate with Josh Garza months ago when they bought the coinswap exchange.  He was clearly a proven fraudster back then and I was very uneasy about the good name of litecoin being dragged through the mud by association.

I have lost money in litecoin, more than $5000 and I have taken the loss on the chin finally. I understand that litecoin isn't a scam and I bought in at the wrong price. I don't expect Andrew Vegetibile to massage my bruised and battered ego over this.  But to read this thread and constantly hearing how sorry he feels for the poor people who have lost money in Paycoin irritates me.  Especially when he is supposed to be involved in launching  a new exchange called Koiynx.   Where is this exchange?  And why the fuck is he coming up with ideas so save a 12 million premined coin that was created by a fraudster CEO of a corporation, in order to continue his hashlet ponzi when his focus should be a million miles away from Paycoin, Gaw or anything related to Homero Joshua Garza.

I don't blame the Mage for spending lots of time in this thread.  It is very entertaining, some may say addictive.  But to be actively and consistently engaged in finding solutions to save Paycoin and it's wayward community is baffling to me.   I read his argument that he isn't motivated by money and he cares for the crypto community as a whole.  Maybe crypto currencies aren't his thing.   It is a brutal, winner takes all kind of environment.

He sounds like a nice man.   Nice men come last in crypto.

I was with you right up until the end there.  As a culture we have got to start placing a higher value on nice people or we're going to drown in douchnozzles.

@Mage - paycoin was built to be a scam, let it die just as God intended it to.

[bumpershot]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

[vancefox]

<<
First learn how to quote and two there was no BS. I did listen to it. Not once but twice. She, in her own words, gave 'dirty money' to charity. Think of the logic of that for a moment you stupid fxxx.
>>

Very dignified argument.

She donated $1550 in B-I-T-C-O-I-N.

OH, and..... *ignored*  buh-bye......

Ignored by fucking moron. Works for me. Saves me the effort.

Ah ha.  I was trying to figure out who was getting the ignore hammer thrown at them up in here...

[miaviator]

So is it safe to say that at some point you have decided that your NDA with Josh is unenforceable or you just don't give a shit about it anymore? You, Eric and Joe are suddenly a lot less quiet the last 48 hours.

Nothing I have posted or stated was known to me or learned during my course of alleged employment anything that was is only repeated based on information I obtained from public sources.

[vancefox]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

My guess is that they only hooked up 1.87PHs (~935 units or ~42% of what was ordered)...

edit This is assuming they had no mining equipment at that site to begin with...

[coinits]

<<
First learn how to quote and two there was no BS. I did listen to it. Not once but twice. She, in her own words, gave 'dirty money' to charity. Think of the logic of that for a moment you stupid fxxx.
>>

Very dignified argument.

She donated $1550 in B-I-T-C-O-I-N.

OH, and..... *ignored*  buh-bye......

Ignored by fucking moron. Works for me. Saves me the effort.

Ah ha.  I was trying to figure out who was getting the ignore hammer thrown at them up in here...

Noob Trolls trying to stake out some territory by pissing in my corner. It's amusing.

[not.you]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

I am pretty sure most of that 5 Ph never was setup and mining for GAW.  I think they resold the hardware at a loss.

[coinits]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

I am pretty sure most of that 5 Ph never was setup and mining for GAW.  I think they resold the hardware at a loss.

Selling new at a loss? Why? You can get a premium on new miners and good second hand ones on ebay.

[suchmoon]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

My guess is that they only hooked up 1.87PHs (~935 units or ~42% of what was ordered)...

edit This is assuming they had no mining equipment at that site to begin with...

Sounds like typical GAW crayon math. I think Joe mentioned somewhere here that he was first told to arrange 10MW, then 3MW. Garza was all over the place with his Bitmain e-mails too. It's probably safe to say there was no coherent plan with all this.

[suchmoon]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

I am pretty sure most of that 5 Ph never was setup and mining for GAW.  I think they resold the hardware at a loss.

Selling new at a loss? Why? You can get a premium on new miners and good second hand ones on ebay.

They bought the S4s in October when the retail price was $1200. Let's be generous and say they got them at half price (were there more specific numbers in those e-mails?). They were still selling them off as recently as March at $475 each.

[vancefox]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

I am pretty sure most of that 5 Ph never was setup and mining for GAW.  I think they resold the hardware at a loss.

Selling new at a loss? Why? You can get a premium on new miners and good second hand ones on ebay.

How can you sell at a loss when your customers put up the money to purchase the equipment and then you resell said equipment back to the customers who paid for it in the first place?

[coinits]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

I am pretty sure most of that 5 Ph never was setup and mining for GAW.  I think they resold the hardware at a loss.

Selling new at a loss? Why? You can get a premium on new miners and good second hand ones on ebay.

How can you sell at a loss when your customers put up the money to purchase the equipment and then you resell said equipment back to the customers who paid for it in the first place?

Sorry. I forgot to think like a crook. Thanks for correcting me. Now I am pissed of at him again. Fucking weasel.

[not.you]

S4 = 2TH. 1PH = 1,000 TH.  4500/2 = 2250 units.

1 S4 = .69W/Ghs. 4,500,000 * .69 = 3105000W = 3.105MW @ 120V.

http://www.scribd.com/doc/261401676/Mississippi-Power-Company-vs-GAW-Miners-LLC#scribd

700MW used from Dec 31 - Jan 23.  23 Days. 1.27MW per day usage.

Wait, that purchase was verified in the emails, right? So was the farm down over half the time, or did something else happen over half of the units?

I am pretty sure most of that 5 Ph never was setup and mining for GAW.  I think they resold the hardware at a loss.

Selling new at a loss? Why? You can get a premium on new miners and good second hand ones on ebay.

How can you sell at a loss when your customers put up the money to purchase the equipment and then you resell said equipment back to the customers who paid for it in the first place?

Good point.

[suchmoon]

Since we're getting serious with this Google bombing thing:

https://forum.gethashing.com/t/watchlist-gawminers-paybase-zencloud/67/9263
https://forum.gethashing.com/t/watchlist-gawminers-paybase-zencloud/67/9281

[vancefox]

http://www.coindesk.com/turmoil-gaw-miners-phone-service/

[strangerdanger101]

http://www.coindesk.com/turmoil-gaw-miners-phone-service/

I think they got paycoined too