MrTeal
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Activity: 1274
Merit: 1004
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December 31, 2014, 05:32:19 PM |
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Im sure that all true what you say, but comon, if you WANT to get a job, there is SOMETHING to do, it might be a shitty job, and it might suck, but really there is SOMETHING to do for more then 20 pennies per hour ... im sure theres alot of SHITTY jobs that are not getting filled, that actually pay pretty good aswell, or atleast more then 20cents per hour ..
EDIT, i removed the question mark on the end of this, lets not make this thread about something else ..
Just stop responding to him. This is a guy who believes in 10 years the US GDP will be under $1T and all but 70 million people will be gone because someone on the internet said so. Quoting him makes everyone else's ignore function work less efficiently. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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bilabonic
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December 31, 2014, 06:22:57 PM |
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JUst had a message of a mate you states that - http://pbmining.com/is still paying out with no problems ?? |
BTC - 1Ayax24aAU8c1xwAakK94DVDkm4kbfZ8Ch
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jaybow
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Activity: 15
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December 31, 2014, 08:06:50 PM |
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JUst had a message of a mate you states that - http://pbmining.com/is still paying out with no problems ?? Well yes, they are still paying, but only a fraction (about 0.1 %) of what they are supposed to. |
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zamaliphe
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December 31, 2014, 09:49:44 PM |
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thanks for the great info I’m using this as source when i'm trying to find cloud mining
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baristor
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January 01, 2015, 07:26:17 AM |
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quik update hashprofit already down  |
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ravix5
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Activity: 11
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January 01, 2015, 07:26:48 AM |
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ltcgear its ponzi / collapsing
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jimmothy
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January 01, 2015, 08:12:17 AM |
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You're missing an 8 for gawminers. (guaranteed profit)
Also can you share which relevant pictures of GAW's datacenter you've seen? I've seen what amounts to a few % of the total hashrate they claim to have. (they were claiming 40+ PH/s last month)
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Puppet (OP)
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January 01, 2015, 08:34:22 AM |
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You're missing an 8 for gawminers. (guaranteed profit) Keep in mind Im only gauging their (sha) cloudmining. Did they guarantee profits for that? Also can you share which relevant pictures of GAW's datacenter you've seen? I've seen what amounts to a few % of the total hashrate they claim to have. (they were claiming 40+ PH/s last month) Here are a few that you've probably seen already: http://4.bp.blogspot.com/-JqqP37Ygce4/VF0tEsgGprI/AAAAAAAAAkQ/pa6-Mrp43x4/s1600/Miners2.jpghttps://www.cryptocoinsnews.com/josh-garza-to-launch-paycoin-media-tour/Ive not seen the 40PH claim, do you have a link? But Im less interested in their grandiose claims as I am in finding out how much they actually sold. Either way, its a bit of a moot point now that the vast majority was forcibly upgraded to paycoin BS and they stopped selling these products |
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jimmothy
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January 01, 2015, 09:15:49 AM |
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You're missing an 8 for gawminers. (guaranteed profit) Keep in mind Im only gauging their (sha) cloudmining. Did they guarantee profits for that? Few quotes I could find: Obsolete proof - Adjusts to always remain profitable and never breaks down We've produced a miner incapable of negative ROIs It uses enormous economies of scale to maintain profitability longer and more reliably than any other miner on the market. leading more customers to positive ROIs than any other bitcoin miner ever sold I'm sure I could find many more but they are lost in their unsearchable forum. (Josh also tends to backtrack/erase many of the false advertisements hence the obsessive archiving in the GAW thread) I extrapolated the 40PH/s based on this claim that they mined 28k in 2 months. (and that's just one of the several mining addresses) In investigating these claims, BitBeat viewed a bitcoin address at Blockchain.info that was cryptographically proven to belong to GAW and in which almost 28,000 bitcoins — currently worth more than $10 million – have flowed from mining operations over the past two months. We were told this was just one of a number GAW mining addresses.
As for actual sales, you will never find them but here's their totally believable claim: Mr. Garza denies all charges of wrongdoing and stands by the heady claims he makes about the size of his operation: 200,000 customers; $120 million in revenue over six months; a mining operation that accounts for 50% of all new bitcoin computing power coming online. |
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Puppet (OP)
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January 01, 2015, 09:28:16 AM |
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Few quotes I could find: Obsolete proof - Adjusts to always remain profitable and never breaks down We've produced a miner incapable of negative ROIs It uses enormous economies of scale to maintain profitability longer and more reliably than any other miner on the market. leading more customers to positive ROIs than any other bitcoin miner ever sold Its all typical gawtalk, but nowhere do I see guaranteed profit (ROI >100%). Besides, to be fair it would need to be advertised clearly on their website and not hidden in a blog or forum post somewhere. In investigating these claims, BitBeat viewed a bitcoin address at Blockchain.info that was cryptographically proven to belong to GAW and in which almost 28,000 bitcoins — currently worth more than $10 million – have flowed from mining operations over the past two months. We were told this was just one of a number GAW mining addresses.
Well, if that claim is correct, then if anything, it supports the legitimacy of gaw and I should grant them point 1. Of course I will not grant them that unless the addresses and proof are made public as I suspect its bullshit. |
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jimmothy
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January 01, 2015, 09:51:29 AM |
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Few quotes I could find: Obsolete proof - Adjusts to always remain profitable and never breaks down We've produced a miner incapable of negative ROIs It uses enormous economies of scale to maintain profitability longer and more reliably than any other miner on the market. leading more customers to positive ROIs than any other bitcoin miner ever sold Its all typical gawtalk, but nowhere do I see guaranteed profit (ROI >100%). Besides, to be fair it would need to be advertised clearly on their website and not hidden in a blog or forum post somewhere. I see your point for the "always remain profitable" but I don't see how "incapable of negative ROI" is not guaranteeing profit. Paying 1 satoshi per day might let them get away with claiming "always profitable" but that doesn't make the ROI positive. In investigating these claims, BitBeat viewed a bitcoin address at Blockchain.info that was cryptographically proven to belong to GAW and in which almost 28,000 bitcoins — currently worth more than $10 million – have flowed from mining operations over the past two months. We were told this was just one of a number GAW mining addresses.
Well, if that claim is correct, then if anything, it supports the legitimacy of gaw and I should grant them point 1. Of course I will not grant them that unless the addresses and proof are made public as I suspect its bullshit. If those claims are correct then GAW is likely the single largest entity in all crypto mining. Because of that, I don't see how pics showing around a hundred TH/s worth of hardware are relevant. |
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Puppet (OP)
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January 01, 2015, 09:58:16 AM |
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Paying 1 satoshi per day might let them get away with claiming "always profitable" but that doesn't make the ROI positive.
Sure it does. 1 satoshi is a positive number, therefore ROI is positive. Remember, break even = 100% ROI and profit means > 100% ROI. 1% ROI represents a huge (99%) loss, but its not a negative number. A negative ROI would mean you somehow lose more than your initial investment. If those claims are correct then GAW is likely the single largest entity in all crypto mining.
Because of that, I don't see how pics showing around a hundred TH/s worth of hardware are relevant.
You cant have it both ways. Either the author of the article is correct, and that would mean he saw more convincing proof than pictures could offer, and it would attest to gaw's legitimacy. Or, more likely, he was confused/lied to/mislead, in which case GAW shouldnt have to prove anything like 40PH. In either case, unverifiable third party testimony cant really weigh on the scoring. |
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jimmothy
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January 01, 2015, 10:46:18 AM
Last edit: January 01, 2015, 12:01:25 PM by jimmothy |
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Paying 1 satoshi per day might let them get away with claiming "always profitable" but that doesn't make the ROI positive.
Sure it does. 1 satoshi is a positive number, therefore ROI is positive. Remember, break even = 100% ROI and profit means > 100% ROI. 1% ROI represents a huge (99%) loss, but its not a negative number. A negative ROI would mean you somehow lose more than your initial investment. It doesn't really make sense to use the term negative ROI unless you mean (total earnings-total invested)/total invested. Either way, I don't think GAW deserves a free pass just because everything they say is ambiguously worded. Or, more likely, he was confused/lied to/mislead, in which case GAW shouldnt have to prove anything like 40PH.
IMO they should have to prove what they are claiming to have. Anyways I'll leave it at that. Like you said, it's sort of pointless now that most people have switched to hashpoints/hashstakers and the rest are being paid such small returns that they likely have enough hardware to cover it. |
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whitewhidow
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January 01, 2015, 10:48:50 AM |
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anyone else missing payment from zeus from last night ?
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TO WHOEVER STOL MY ACCOUNT AND WAS NOW USING IT AS HIS OWN, FCK OFF PLEASE
- The REAL WHITEWHIDOW
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whitewhidow
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Merit: 10
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January 01, 2015, 11:26:02 AM |
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anyone else missing payment from zeus from last night ?
POOF... NICE . AGAIN. AWSOME. FFFUUUUCCCKKKKK |
TO WHOEVER STOL MY ACCOUNT AND WAS NOW USING IT AS HIS OWN, FCK OFF PLEASE
- The REAL WHITEWHIDOW
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Dilemma
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January 01, 2015, 11:32:54 AM |
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is there any bad news for Hashnest ??
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whitewhidow
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Activity: 112
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January 01, 2015, 11:47:04 AM |
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anyone else missing payment from zeus from last night ?
POOF... NICE . AGAIN. AWSOME. FFFUUUUCCCKKKKK |
TO WHOEVER STOL MY ACCOUNT AND WAS NOW USING IT AS HIS OWN, FCK OFF PLEASE
- The REAL WHITEWHIDOW
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skuser
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January 01, 2015, 01:53:57 PM |
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is there any bad news for Hashnest ??
Yep, their latest cheap offer is worrying without further explanation. Also if you login to trade section and look into sellers bids, there are 2 bids for sale of 1 PHs each and one for 600+THs. All hashrate offered for sale together from all bids (3 PHs) is of the same size as whole umisoo should be and unless they explain from where the new hashrate is coming and how much did they dump to market it starts to stink. |
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whitewhidow
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January 01, 2015, 01:57:22 PM |
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yet it is listed as legit in the cloudminer 101 thread?
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TO WHOEVER STOL MY ACCOUNT AND WAS NOW USING IT AS HIS OWN, FCK OFF PLEASE
- The REAL WHITEWHIDOW
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Puppet (OP)
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January 01, 2015, 02:20:52 PM |
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yet it is listed as legit in the cloudminer 101 thread?
Ive seen no evidence its not. But its also worth rehashing (pun intended) the disclaimer: being rated as legit here doesnt guarantee you anything. All it shows is that said company has provided reasonable evidence it is a real company and your investment is backed by actual hashrate. It doesnt guarantee they wont scam you, and it certainly doesnt imply anything about profitability. |
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