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Author Topic: ███ Stay away from GAWminers.com / Paycoin / Paybase - Mineral - SCAM ! ███  (Read 38196 times)
bitpop
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December 30, 2014, 04:03:56 AM
 #221

Homero scammed hashie

https://www.reddit.com/r/Bitcoin/comments/2qrz67/i_was_the_owner_of_hashieco_until_josh_garza/

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December 30, 2014, 05:04:57 AM
 #222



Obvious spammer is obvious...

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December 30, 2014, 05:28:29 AM
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In the last days i read alot about the GAWminers.com-story and i recommend that everybody should do that. I guess we could end here with an "mtgox 2.0" scenario and that will hurt bitcoins reputation. I dont want that. Thats the reason for this topic and the time that i "waste" with it  Tongue .

The story began with an article from the news-site coinfire. I visit alot of these sites and alot of them post crap-news or get paid for their news (google). I cant say something bad about coinfire and no, i dont get paid to write that. There are also other good pages like Coindesk and so on...or the news section here on the forum  Wink




Is GAW Miners Lying about Partnerships?


Recently the CEO of GAW Miners claimed publicly that the company and he personally have sealed up partnerships and deals with Target, Amazon, and Walmart about the coin and the company.

Josh also made a claim in an interview with CCN about Authy that they were single-handedly stress testing the Authy service because the requests are so high and outperforming other Authy users,

"ZenCloud Now Sends More Requests to Authy (a 2 factor authentication service) than Coinbase and CEX!

And, it’s all because of you guys.

Earlier this week, Authy called us and said our users were stressing their network. Authy is an amazing company. Turns out ZenCloud users are pinging Authy for more 2FA requests than any other company in the space. Even more than CoinBase and CEX.io received communication from Authy."


( -> not a single proof about that claim. )

Coin Fire has learned these recent claims are stretching the truth or outright lies.

...

While Josh is declaring publicly and implying a partnership with all three companies it would seem that all three are disavowing any sort of partnership. We have reached out to GAW Miners for a statement about these statements but once again the company has repeatedly denied our staff a statement.

-> all companies denied that they deal with "GAWminers.com". A clear lie from GAWminers.com.  not a single proof about that claim . )

Coin Fire has reached out multiple times for comments on this story and a response from GAW Miners before publishing this article. If Josh Garza and GAW Miners can give complete evidence that any of the companies he has before mentioned are entering a BONAFIDE partnership and said company is willing to go on the record we will update this story. However, at this time, each company has OUTRIGHT DENIED each of Garza’s statements.

(-> no comment of course. no proof about anything )

https://coinfire.cf/2014/11/22/is-gaw-miners-lying-about-partnerships/


--------------------------------------------------------------------------------------------------------------


Next story was posted by coinfire some months ago:


Review: Plenty of Concerns with GAW Miners Hashlet Service

GAW Miners recently made the rounds with a blitz of marketing and excitement with the launch of the new GAW Miners Hashlet.

...

I found it strange that the company implies that you are pointing your mining power to a different pool however when you are changing where you are mining but it turns out that this isn’t actually the case. Initially several pool operators that are on the site as option began crying foul when they saw zero increase of hashing power on the pools they operated and began asking the company to give proof that miners were actually coming online for the pool selected.

...

I also have found it strange that the company markets miners that are named after the various pool offerings when those miners will never actually touch those pools. While his justification can make sense on a certain level the simple fact is that it implies the miners actually run on those pools for many users.

Another issue that I have with the service is that they have NOT provided proof of a single block mined to date.

I have an issue with a provider that doesn’t give transparency about the miners, where they are mining, what the current hash rate is, where that power is pointed and proof that they are mining. It has been quite sometime since they concerns have been raised on various forums across the Internet and the company has failed to discuss many of them to date.

...

Coin Fire reached out to GAW Miners several times for a comment before running this piece and each time we received zero response.

( -> what a suprise. not a single proof about their mining. not even a fake-photo! )


-------------------------------------------------------------------------------------------------------------


A Critical Look at GAWminers.com

So I've been seeing quite a bit of buzz about this new cloud miner called "the Hashlet" which is being promoted at every corner by GAWminers. Intrigued, I went to look at the product and found the following claims:

"Guaranteed Profitability! Because the maintenence fee for Hashlets reduces over time, the hashlet will always be making money forever. There's no chance of a negative return.
Only Hashlets can mine on the "ZenPool", which can deliver twice the payout of any other pool."


If GAW is a Ponzi it's a shame that this will be many newbies first introduction to the crypto world.


(-> the never ending money-machine. we found it  Roll Eyes )

http://www.asicspace.com/blog/2014/11/13/a-critical-look-at-gawminerscom


-------------------------------------------------------------------------------------------------------------


Summary:

1 ) They are selling virtual hashes without the actual machines backing it.

2 ) No relevant pictures of their hardware and datacenter

3 ) They are falsify payouts according to pools that never existed or never received hashes from GAW.

4 ) They are known and have been caught using shill accounts. Not just the company but the CEO himself. Josh Garza.

5 ) They said that confire never contacted them before they published the story - lie.

6 ) They said they work with Amazon and Walmart - lie.

7 ) Where is the serious audit of your company Josh? You said there was one in the begin of december 2014  Cheesy

8 ) No comment on these serious questions / problems.


We all know that bitcoin will always attract bad actors. This story isnt the first and isnt the last one. We should do what we can to prevent the bad end.


Some more links:

http://techcrunch.com/2014/08/08/an-interview-with-josh-garza-ceo-of-gaw-miners-on-his-1-million-purchase-of-btc-com/

http://de.reddit.com/r/Bitcoin/comments/2njno5/ama_request_josh_garza_if_what_you_say_is_true/

http://de.scribd.com/doc/248372603/Coinfire-Cease-and-Desist

http://techcrunch.com/2014/08/08/an-interview-with-josh-garza-ceo-of-gaw-miners-on-his-1-million-purchase-of-btc-com/

http://www.reddit.com/r/Bitcoin/comments/2nivi0/gaw_miners_take_down_notice_to_coin_fire/cme227c



History of the CEO:

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




Cool story. I think I'll stay away from LiteCoinGuy instead. He seems scammy. Much like the coin that's dropped in value by 95%.

_Crypto made easier than cash_

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MenaPay.
ANN THREAD
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OleOle
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December 30, 2014, 01:31:25 PM
 #224


I think that Reuters or Bloomberg would have been happy to pick up a story relating to Target and Amazon. Whilst I don't religiously look for bitcoin stories in these two sources, bitcoin articles generally have a fair amount of airtime as headlines on their home pages and I've never heard of any substantial deals being made in relation to any bitcoin companies, least of all GAWminers. Searching for 'gawminers' on bloomberg.com and reuters.com produces no results - seems obvious to think that if there was any truth in the story that these major retailers were involved these two main global business news sites would report on it. Indeed, if it was in any way material, both companies would have an obligation to release the information to their investors via the NYSE and from there it might get media air time... but no airtime, so nothing to see here it seems.

In general terms, the company and CEO have made some claims that smell like bullshit and if it smells like bullshit, it usually is bullshit. At the very least it is meaningless self-aggrandizement, at worst it's an attempt to misrepresent and defraud, either way, it's not the style of company that I'd be interested in doing business with.

As I've said before, I don't have any first-hand dealings with or knowledge of this company, but having seen and been caught by a couple of scams and suspicious 'business failures' ranging from BFL, TradeFortress, Bitfunder and MtGox, until this company offers substantial, verifiable and legitimate proof that it's not another ponzi or 'accident waiting to happen', then I'll be staying well away from it.

Too many people have lost too much money to take seriously any company which bullshits about deals with major retailers.

Why does this thread exist? - you can probably call it a 'bullshit detector'.

What came first, the bullshit or the thread? - obviously the bullshit came first or the thread would have nothing substantial to report.

There's other ways to get involved in bitcoin, do not throw your money away on schemes that promise the Earth and deliver nothing. You can also ignore crappy one liner rebuttals from sycophants, trolls or gawpuppets hawking their wares, their comments are so weak they don't even present any evidence in support, so they are easily seen through as insubstantial, substandard and generally reflect badly on the retardation level of their authors.

Do your research, read every opinion and piece of information you can find, make up your own mind, but look before you leap, you'll be very glad you did.

 Roll Eyes


LiteCoinGuy (OP)
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December 31, 2014, 04:11:39 PM
 #225

people (mainstream media) will blame bitcoin for this disaster. maybe we get more laws because of this. sad but thats the way we go.  Embarrassed

its like the last days of mtgox. alot of people sent money to that service and give a shit about warning-signs all over the place  Roll Eyes

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December 31, 2014, 04:18:48 PM
 #226

Beware there is no more floor. Now you get banned for mentioning the $20.

LiteCoinGuy (OP)
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December 31, 2014, 04:20:11 PM
 #227

Beware there is no more floor. Now you get banned for mentioning the $20.

no more 20 USD? give me more info, i didnt know that  Grin
i guess now he will pay 40 USD per scamcoin? or 400 USD.....in 2016! 100%!

Amazon says : legit!

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December 31, 2014, 04:31:03 PM
 #228

Beware there is no more floor. Now you get banned for mentioning the $20.
Ban is something you could really use, spammer.

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December 31, 2014, 04:33:39 PM
 #229

Beware there is no more floor. Now you get banned for mentioning the $20.
Ban is something you could really use, spammer.

Still pumping? Shill

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December 31, 2014, 04:43:13 PM
 #230

Beware there is no more floor. Now you get banned for mentioning the $20.
Ban is something you could really use, spammer.

Still pumping? Shill

You don't even know who a shill is, but you know how to spam.

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December 31, 2014, 06:37:45 PM
 #231

Here some spam  Tongue

PayCoin – The Next Big Scam In Crypto

PayCoin (XPY) an altcoin backed by GAW miners, which is believed to be a scam, recently joined the Top 5 club of cryptocurrencies according to its market valuation on CoinMarketCap. At the time of valuation, PayCoin was also informally launched on 16th December with an initial investment of $54.5 million brought into the market. It is also believed that PayCoin is part of a ponzi scheme with GAW Miners playing a major role.

http://www.btcfeed.net/fraud/paycoin-next-big-scam-crypto/


Note: Market Cap is actually 97.22% premine according to https://gist.github.com/jyap808/3f99de084df18ce325a7



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December 31, 2014, 07:23:26 PM
 #232

Amazon Further Denies PayBase / GAW Miners Involvement

A few short weeks ago, Coin Fire spoke to officials at Amazon and other retailers about the implementation of PayCoin as a shopping option. We established with the retailers that none of them had any plans to integrate the cryptocurrency directly despite the repeated claims of Josh Garza and users on the HashTalk forums.

https://coinfire.cf/2014/12/31/amazon-further-denies-paybase-gaw-miners-involvement/#comment-5183

some more "spam"  Tongue

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December 31, 2014, 07:35:51 PM
 #233

Massive Security Breach at Paybase

This morning Coin Fire is learning of a major and massive security breach that happened on GAW Miner’s Paybase product.

The breach is just another stumble in a long list of issues this past week with GAW Miners after Amazon spokespeople told Coin Fire they were not working with the company to implement Paycoin shopping.

https://coinfire.cf/2014/12/31/massive-security-breach-at-paybase/

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December 31, 2014, 07:37:19 PM
 #234

Here's more spam, there is no price floor

https://hashtalk.org/topic/26931/xpy-price-floor/

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January 02, 2015, 09:19:48 AM
 #235

Good news from webpages who nobody knows
who cares ?    Cheesy

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January 02, 2015, 02:25:28 PM
 #236

Here's more spam, there is no price floor

https://hashtalk.org/topic/26931/xpy-price-floor/

That's an amazing thread, it's shocking to see the responses for the corporate support for a coin that went from $20 to $6. There are people in that thread saying, "i'm with you boss".  GAW has this strange undying support, it seems to stem from these posts from Josh as the underdog in a big epic battle against everyone else. People seem to buy that up and put their money behind it with unwavering commitment.   

I think what's most disturbing though, is that GAW went full-paycoin and dumped the rest of their mining business model. I always saw paycoin is a little niche, not a full blown revolution of crypto. Maybe they'll diversify again and get back into mining crypto in the traditional sense.
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January 02, 2015, 04:37:17 PM
 #237

This scam is going to destroy cryptocurrency for many people

When things do finally collapse related to GAW Miners, Josh Garza, and Paycoin it isn’t just going to hurt the people involved. It isn’t going to just be the people who lose money.

https://medium.com/@BTCtom/this-isnt-awesome-shit-it-isnt-gawsome-bfe1fe3f0347

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January 02, 2015, 04:44:40 PM
 #238

"Josh Garza @gawceo  ·  22h 22 hours ago
We had a detailed review by a highly respected 3rd party today. They reviewed our wallets and mining center information. Public next week!"

Wait for this and then eat your own words.

Gox also had a "review by a highly respected 3rd party", and how did that work out?

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January 02, 2015, 04:48:16 PM
 #239

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

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January 02, 2015, 09:54:26 PM
 #240

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

The guy referenced here?  https://bitcointalk.org/index.php?topic=857670.msg10015364#msg10015364
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