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

[dekay]

Lol no one wants to be Josh

https://i.imgur.com/9XV1rgK.png

that made me laugh so hard that day this released and ceo ce0 o vs zero fcking priceless

[dekay]

Lol no one wants to be Josh

https://i.imgur.com/9XV1rgK.png

that made me laugh so hard that day this released and ceo ce0 o vs zero fcking priceless

those sick fucks wana sponsor children with paycoin even though its worthless yeeeesh reminds me of the starveing marvins south park episode with fat bitch eating all food hey have some shit coin itll make you feel better sorry you cant buy food with it

[dekay]

so from the looks of it gaw gives charity might be fake? someone wanted to donate and then pc fan said cant find link and guy asking said there website was down

[MinermanNC]

guess they pulled the plug on nomp pool zero hash rate now...

[cryptofunk]

guess they pulled the plug on nomp pool zero hash rate now...

One more fail?

[suchmoon]

Edit: I mean Paycoin profitability of course.

I did some napkin math. It looks like at diff 300M and exchange rate at 0.03 BTC profitability is around 0.15 BTC per day per TH/s. Difficulty varies wildly from block to block, but now it seems to be reaching into 500-800M, so I'm guessing those rental prices will be coming down - e.g. NiceHash is now barely at break even point.

Just to put this into perspective - 0.15 BTC per day per TH/s is 10-12 times more profitable than Bitcoin, so it's a long way down.

[vabchgent]

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.  

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

[dekay]

I did some napkin math. It looks like at diff 300M and exchange rate at 0.03 BTC profitability is around 0.15 BTC per day per TH/s. Difficulty varies wildly from block to block, but now it seems to be reaching into 500-800M, so I'm guessing those rental prices will be coming down - e.g. NiceHash is now barely at break even point.

Just to put this into perspective - 0.15 BTC per day per TH/s is 10-12 times more profitable than Bitcoin, so it's a long way down.

i bitched out rootdude today btw guys go look bak a few pages

[suchmoon]

guess they pulled the plug on nomp pool zero hash rate now...

One more fail?

Cue the jokes about manual reconciliation and frozen withdrawals and all that pleasantly familiar stuff from ZenCloud. But it will all be working perfectly in Paybase  

https://hashtalk.org/topic/23515

GAW_GM
Admin
Moderator
GAW Staff

Blocks 2-277 and pool.paycoin.org shutting down for good!

We are working through a manual payout for blocks 2-277. Manual payouts will be complete by midnight tomorrow.

As we are not public pool operators and several community pools have opened up we are shutting down this pool. All payouts will continue to happen and we will close down the pool tomorrow for good. We will wait for all shares to payout before taking down the pool servers.

A huge thank you to the community for creating PayCoin pools and other resources and for all of the reports regarding these payouts being stuck.

JMLite on IRC: I'm sure someone from GAW will see my logs here, even on a Sunday, they always do . And usually there is a hashtalk post related to it in the morning. I just hope they figure it out and do the right thing, and that my day's work investigating into it helps out with the first 277 block missing coins issues for everyone.

Several responses to the paycoin pool thread. https://hashtalk.org/topic/23296/pool-paycoin-com-online

JMLite we are always here!

[MinermanNC]

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.  

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

Appears the nomp is shutting down. and I had just decided to throw 50GH at for just for fun and giggles.... lol, Don't worry I am BTC all the way. Just had to try it.. 

[bitpop]

Damn customers are pissed at the pool, many bans coming, it's like north Korea

[I_IZ_CEO]

How many "last"'s does he have?

Josh Garza @gawceo  ·  2h 2 hours ago
Stay tuned for tomorrow, we saved the best for last

[suchmoon]

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.  

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

Appears the nomp is shutting down. and I had just decided to throw 50GH at for just for fun and giggles.... lol, Don't worry I am BTC all the way. Just had to try it.. 

Look at my math post above. You might be better off with NiceHash right now, while renters haven't caught up with the huge diff increase. If you want pure XPY, try http://paycoin.minerpools.com/

[vabchgent]

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.  

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

Appears the nomp is shutting down. and I had just decided to throw 50GH at for just for fun and giggles.... lol, Don't worry I am BTC all the way. Just had to try it.. 

This one still works
 

http://paycoin.minerpools.com/index.php

[T0urist]

Can anyone here tell me if this is really true? I don't follow alts, other than Monero/XMR.

thanks.

https://hashtalk.org/topic/23489/paycoin-xpy-has-surpassed-litecoin-ltc-in-market-cap/2

The numbers are roughly correct, but you need to understand how skewed Paycoin market is.

There are 12 million coins locked up. Only about 50-60k in the open market. So multiplying $11 or whatever it is by 12 million is meaningless. If hey had premined 1 billion coins would the market cap be higher than BTC?

So if i make a coin premine 100% 1 billion coins and sell a single coin to someone for $1 does that make my coins market cap $1 billion? Just curious if thats how it works. Wouldnt trade volume and executed tradesbe a better indicator... i.e transacted value per day?

[bitpop]

How many "last"'s does he have?

Josh Garza @gawceo  ·  2h 2 hours ago
Stay tuned for tomorrow, we saved the best for last

Wrong the problem is he never had the best

[bitpop]

Can anyone here tell me if this is really true? I don't follow alts, other than Monero/XMR.

thanks.

https://hashtalk.org/topic/23489/paycoin-xpy-has-surpassed-litecoin-ltc-in-market-cap/2

The numbers are roughly correct, but you need to understand how skewed Paycoin market is.

There are 12 million coins locked up. Only about 50-60k in the open market. So multiplying $11 or whatever it is by 12 million is meaningless. If hey had premined 1 billion coins would the market cap be higher than BTC?

So if i make a coin premine 100% 1 billion coins and sell a single coin to someone for $1 does that make my coins market cap $1 billion? Just curious if thats how it works. Wouldnt trade volume and executed tradesbe a better indicator... i.e transacted value per day?

That's exactly how it works. Look at ripple and stellar

[dekay]

How many "last"'s does he have?

Josh Garza @gawceo  ·  2h 2 hours ago
Stay tuned for tomorrow, we saved the best for last

hes talking about his visa card bs brb goin store smokes pizza monster

[T0urist]

guess they pulled the plug on nomp pool zero hash rate now...

One more fail?

Cue the jokes about manual reconciliation and frozen withdrawals and all that pleasantly familiar stuff from ZenCloud. But it will all be working perfectly in Paybase  

https://hashtalk.org/topic/23515

GAW_GM
Admin
Moderator
GAW Staff

Blocks 2-277 and pool.paycoin.org shutting down for good!

We are working through a manual payout for blocks 2-277. Manual payouts will be complete by midnight tomorrow.

As we are not public pool operators and several community pools have opened up we are shutting down this pool. All payouts will continue to happen and we will close down the pool tomorrow for good. We will wait for all shares to payout before taking down the pool servers.

A huge thank you to the community for creating PayCoin pools and other resources and for all of the reports regarding these payouts being stuck.

JMLite on IRC: I'm sure someone from GAW will see my logs here, even on a Sunday, they always do . And usually there is a hashtalk post related to it in the morning. I just hope they figure it out and do the right thing, and that my day's work investigating into it helps out with the first 277 block missing coins issues for everyone.

Several responses to the paycoin pool thread. https://hashtalk.org/topic/23296/pool-paycoin-com-online

JMLite we are always here!

so.... they cant run a pool but can run a global payment network? Cmon surely this crack must make the skeptics even slightly weary and question GAWs competence? If this point doesnt nothing will.

[suchmoon]

Can anyone here tell me if this is really true? I don't follow alts, other than Monero/XMR.

thanks.

https://hashtalk.org/topic/23489/paycoin-xpy-has-surpassed-litecoin-ltc-in-market-cap/2

The numbers are roughly correct, but you need to understand how skewed Paycoin market is.

There are 12 million coins locked up. Only about 50-60k in the open market. So multiplying $11 or whatever it is by 12 million is meaningless. If hey had premined 1 billion coins would the market cap be higher than BTC?

So if i make a coin premine 100% 1 billion coins and sell a single coin to someone for $1 does that make my coins market cap $1 billion? Just curious if thats how it works. Wouldnt trade volume and executed tradesbe a better indicator... i.e transacted value per day?

Yes, it's the value of the coin multiplied by total number of existing coins. Works ok for normal coins, but the 96% premine sitting in "escrow" obviously screws that calculation up.