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

[KC6TTR]

For those not following pbmining: https://bitcointalk.org/index.php?topic=885224.0

Now a confirmed scam.

What are your thoughts on https://www.genesis-mining.com?

Scott-

[KC6TTR]

Yay, more contests:

https://twitter.com/gawceo/status/541376075117625344

Love paycoin? GAW is going to hold a "build a business" contest for paycoin and give out 100k in prizes. Stay tuned!

100k of what? "internal coupons and rebates not convertible into any from of cryptocurrency"?

I wonder what happened to all those bounties for business plans and also the 100 BTC bet.

He still doesn't have a business plan yet he already sold the business plan, and not the technology, to the VC's and bankers AND these fucking fools can't see any of this because they're fucking blinded by a contest with bullshit giveaways and probably more shiny stickers under their name. He's dealing with the dumbest and most gullible people I've ever had the misfortune of encountering. It's sad to say but a lot of these people just need to learn a lesson the hard way. And they will.

Yep. +1

[zerocoder]

What are your thoughts on https://www.genesis-mining.com?

Scott-

Quite expensive by comparing to Amhash

[T0urist]

Heres something to think about too. Now i'm not saying this is what is happening because i think it likely isn't but its a possibility based on josh's past... josh has been known to use multiple accounts to promote himself / act as an ebay employee for a miner sale he didn't pay for and returned the item (as far as i know... google for this its not hard to find). But what if Josh has an inner circle of 10 people that all use 4 accounts. Thats 40 accounts that pump the user base up. I'm finding it hard to believe that many obliging people all got involved in crypto and found the church of GAW together. It just doesn't add up. Cryptocurrency is still in infancy i mean cmon its not easily usable it still has alot of technical know how to it. Most technical people work on reason, they are analytical skeptical, cynical on things. I work in IT and i was taken by GAW but i put it down to naivety. It took me around 4 days to wake up and get scared (i had a GAW investment for i think 7-8 days).

Its possible the cult mentality is actually a select group of people posing as more than there really are.

http://www.reddit.com/r/litecoinmining/comments/1yqx55/mining_rig_builders_do_not_sell_anything_or/ ??

Thank you zero thats the one i was referring to

http://www.reddit.com/r/litecoinmining/comments/1yh23g/has_anyone_here_sold_their_own_rig_on_ebay_and/

[–]starout 3 points 9 months ago

Hello All,

I created a Reddit account to set the story straight here. I work on the eBay Resolution Team, and have for over 6 years now. Day in and day out, I see both sellers’ and buyers’ get away with fraud.

After I read this post, I took a quick look at the buyer and case for this claim. This particular case really disturbed me due to the inaccuracy of information given by the seller. I involved a colleague of mine to investigate further to see if the claims were actually true, as I see a lot of cases like these get appealed. We were both appalled by the facts.

As I cannot provide more specifics to this particular claim, I can say that the original poster in this thread is currently being investigated by eBay’s High Claim Resolution Team. The poster misrepresented the facts of this case to eBay claiming the buyer never worked with them or returned the item. The case was updated yesterday after their team learned, and verified, that the buyer did in fact return the item and the seller had signed for it.

Even though the seller received AND signed for the return, they told eBay that they never received the item. Due to the information the seller represented, their payment was returned to them. The seller now has both payment and item. Fortunately, the case is being appealed and should be sorted out in the next few days.

I know it's against eBay’s code of conduct, but I am only speaking about this because it reveals the holes in eBay’s policies. The lesson here is: eBay’s antiquated policies’ allow sellers to get away with cheating its buyers.

We have escalated this case to our department head as it is clear our resolution team needs new internal policies placed.

Thank you all for taking the time to read my two cents, back to work.

Why would a random ebay employee care about Josh... they have a job to do and i'm sure they don't trawl reddit trying to protect the thousands of customers that have problems every day. Josh is a scumbag plain and simple. This was before he was known at GAW. If you gave them this evidence they wouldn't even consider the possibility. He has a shady past and future. I pity his brainwashed customers i really do. Its not bad to be suckered but being brainwashed to the point of your investment can do no wrong is plain sad. There will come a time when some will be losing alot of money from this. The young people that blow $5k-20k will recover over their lives... the middle aged people will be set back severely which affects both their partners and children and their inheritances. He clearly doesn't have a soul. If he did he'd be doing everything in his power to protect his customers and being transparent. A sad individual.... i wonder what went wrong in his life to make him into this or is it a trait you are born with?

[galdur]

Haha, I can assure you that when this doggieman character

claims that something is a confirmed scam it´s a 100% buy  

Of course only time will tell and he and other nutbags have been

confirming PBM as a scam for a year now and undoubtedly still

will in a year.

[zerocoder]

Haha, I can assure you that when this doggieman character

claims that something is a confirmed scam it´s a 100% buy  

Of course only time will tell and he and other nutbags have been

confirming PBM as a scam for a year now and undoubtedly still

will in a year.

Then buy from pbmining, I just read the link and seems like that firm try to hide something. After Zen (That was my first mining investment) will never ever put money on a firm without transparency

[galdur]

Haha, I can assure you that when this doggieman character

claims that something is a confirmed scam it´s a 100% buy  

Of course only time will tell and he and other nutbags have been

confirming PBM as a scam for a year now and undoubtedly still

will in a year.

Then buy from pbmining, I just read the link and seems like that firm try to hide something. After Zen (That was my first mining investment) will never ever put money on a firm without transparency

I´ve been mining with PBM for a while with good results.

Have other better cloud mining investments but it´s good.

I find counter-indicators quite useful, they´ve usually been

very good for my investments before bitcoin and haven´t

failed there.

[galdur]

Counter-indicators need scrutiny in the stock market

it´s so mature. But cryptocurrencies are populated with

much less sophisticated clientele on average which

greatly increases the reliability of counter-indicators.

[suchmoon]

If he did he'd be doing everything in his power to protect his customers and being transparent. A sad individual.... i wonder what went wrong in his life to make him into this or is it a trait you are born with?

I've met people - and I'm sure most of us have - who would do the stupidest things even to their best friends/family/etc while being firmly convinced their actions are honest, right, truthful, helpful, etc etc. In other words "never attribute to malice that which is adequately explained by stupidity".

Just a general comment not specific to Mr. Garza since I don't know him well enough, except for some public and private communication that seems to indicate either a dishonest or a deluded person.

[KC6TTR]

What are your thoughts on https://www.genesis-mining.com?

Scott-

Quite expensive by comparing to Amhash

Well, I have been comparing a few mining ventures to GAW/Zen since August/September to add some "context" (as Mr. Garza puts it) to the payouts ratios/trends. All seem to be within reason except for the GAW/Zen (duh) and Genesis, who many of you know was in Vegas and who's CEO sat next to Mr. Garza at least part of the time during their little pow-wow panel. Interesting thing - I think Mt.GAW is rubbing off on Genesis - since soon after the show, their payouts have also started to tank regardless if the account owner allocates the "mining" power to SHA256 or Scrypt. Make no mistake, it has not the vertical free-fall like GAW/Zen, but it is a snowball rolling down a steep mountain.

Here is a sample of a 100MH's test account that cost US$1499 in September and its payouts over the previous 3 months. ROI any time soon? unlikely...

Scott-

September 25th, 2014: 0.022322/Day

October 25th, 2014:  0.013669/Day

November 25th, 2014:  0.009236/Day

December 6h, 2014:  0.006692/day

[jimmothy]

For those not following pbmining: https://bitcointalk.org/index.php?topic=885224.0

Now a confirmed scam.

What are your thoughts on https://www.genesis-mining.com?

Scott-

Don't know much about them but they were caught using shills on reddit.

http://www.reddit.com/r/BitcoinMining/comments/2enhh4/genesisminingcom_is_a_dishonestly_run_business/

[zerocoder]

I´ve been mining with PBM for a while with good results.

Have other better cloud mining investments but it´s good.

I find counter-indicators quite useful, they´ve usually been

very good for my investments before bitcoin and haven´t

failed there.

I know people spending more than 100k euro in cointellect and double their investment amount, but this does not show anything about reliability. If there are doubts, staying away from that firm could be a good idea.

[galdur]

I´ve only been in this crypto thing for half a year or so

and about the first thing I noticed was the penny-stock

mentality. Falling in love with total crap. Excluding BTC

and perhaps some other stuff that doesn´t trade for pennies

or fractions thereof. Obviously you use most of those losers

as counter-indicators and for me this has worked extremely

well both in avoiding crap and picking cloud mining services

to invest with.

[galdur]

I know people spending more than 100k euro in cointellect and double their investment amount, but this does not show anything about reliability. If there are doubts, staying away from that firm could be a good idea.

I avoid places where they write strange and ill translated english.

[TheIZS]

What are your thoughts on https://www.genesis-mining.com?

Scott-

Quite expensive by comparing to Amhash

Well, I have been comparing a few mining ventures to GAW/Zen since August/September to add some "context" (as Mr. Garza puts it) to the payouts ratios/trends. All seem to be within reason except for the GAW/Zen (duh) and Genesis, who many of you know was in Vegas and who's CEO sat next to Mr. Garza at least part of the time during their little pow-wow panel. Interesting thing - I think Mt.GAW is rubbing off on Genesis - since soon after the show, their payouts have also started to tank regardless if the account owner allocates the "mining" power to SHA256 or Scrypt. Make no mistake, it has not the vertical free-fall like GAW/Zen, but it is a snowball rolling down a steep mountain.

Here is a sample of a 100MH's test account that cost US$1499 in September and its payouts over the previous 3 months. ROI any time soon? unlikely...

Scott-

 

September 25th, 2014: 0.022322/Day

October 25th, 2014:  0.013669/Day

November 25th, 2014:  0.009236/Day

December 6h, 2014:  0.006692/day

How about Bitcoin cloud services? My 450 gHs which cost less than $400 is making just slightly less than that. .00565679

[KC6TTR]

What are your thoughts on https://www.genesis-mining.com?

Scott-

Quite expensive by comparing to Amhash

Well, I have been comparing a few mining ventures to GAW/Zen since August/September to add some "context" (as Mr. Garza puts it) to the payouts ratios/trends. All seem to be within reason except for the GAW/Zen (duh) and Genesis, who many of you know was in Vegas and who's CEO sat next to Mr. Garza at least part of the time during their little pow-wow panel. Interesting thing - I think Mt.GAW is rubbing off on Genesis - since soon after the show, their payouts have also started to tank regardless if the account owner allocates the "mining" power to SHA256 or Scrypt. Make no mistake, it has not the vertical free-fall like GAW/Zen, but it is a snowball rolling down a steep mountain.

Here is a sample of a 100MH's test account that cost US$1499 in September and its payouts over the previous 3 months. ROI any time soon? unlikely...

Scott-

 

September 25th, 2014: 0.022322/Day

October 25th, 2014:  0.013669/Day

November 25th, 2014:  0.009236/Day

December 6h, 2014:  0.006692/day

How about Bitcoin cloud services? My 450 gHs which cost less than $400 is making just slightly less than that. .00565679

I have 14,400GH/s there and they have been spot on with the calculator at https://alloscomp.com/bitcoin/calculator and their daily payout have been 100% on time since I started with them in August.

I may boost it up to 16,000GH/s in the next day or so.

Scott-

[galdur]

Bitcoin cloud services thread was beset by outstanding

counter-indicators, some of my favorites in fact so I bought

and with splendid results.

[TheIZS]

Bitcoin cloud services thread was beset by outstanding

counter-indicators, some of my favorites in fact so I bought

and with splendid results.

I'm going to call that a night and day response when compared to GAW sorry to pull things off topic guys

[galdur]

Like I said earlier; I doubt that some of these services with

the best payouts actually mine bitcoin at least not in full.

I think they mine crap and dump that for BTC which in turn

explains the psychotic bashers around them. Their interests

don´t include tanking crap prices you can be sure of that.

[suchmoon]

Bitcoin cloud services thread was beset by outstanding

counter-indicators, some of my favorites in fact so I bought

and with splendid results.

I'm going to call that a night and day response when compared to GAW sorry to pull things off topic guys

Is that the one that has no maintenance fees? Think about that for a minute. Cost per GH/s roughly equal to real hardware+infrastructure cost (1.5 BTC per TH/s) but magically there is no ongoing cost? When power costs alone even with the most efficient hardware and $0.05/kWh electricity would be 20-25% at this time. Sounds much like LTC Gear with their magic super-cheap multi-algo hardware, also no maintenance costs.

All I'm saying don't accidentally step into a bear's cave while running from the big bad wolf.