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Author Topic: Putting your money where Pirate's mouth is.  (Read 68225 times)
Vandroiy
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July 14, 2012, 10:57:13 AM
 #421

rjk: Who in his right mind would buy mining shares that yield less than they cost? If bought shares do not get laundered, then I would assume Pirateat40 is reserving this privilege to himself?

But I agree on a more important question, which BurtW also asked:

No, I just have 40K dirty BTC I need to wash.  This GPUMAX laundry is way too slow.  Does anyone else have any bright ideas on how I can clean up these dirty 40K coins?

This is actually the only viable argument here. Is the laundry too slow? We have about 7200 coins produced daily, what fraction might it get?

As an example, 6% of hashpower over 100 days yield 43200 BTC. That's becoming interesting. If it is able to use 20% of hashpower -- well, then there's little question, with 100k BTC in 70 days! So, can someone persuade me there's not enough hashpower there? The gpumax thread looks pretty long for a minor operation, if I may say.
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organofcorti
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July 14, 2012, 10:58:50 AM
 #422

I see plenty of native english speakers around here who can't tell the difference between THERE, THEIR and THEY'RE... and it's just a little example as there are much more.
Being born/raised in a certain country doesn't make you literate in that language.

True, but some errors are typical and widespread, while some others are untypical for native English speakers. For example, would any native English speaker ever say:

"I hope you soon realize …"

Odd, sure, but some native speakers aren't as good at formal (ish) written language construction as they are at spoken language, especially if their spoken language is usually very informal, and includes "Arrrr!" much of the time.

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July 14, 2012, 11:01:04 AM
 #423

For example, would any native English speaker ever say:

"I hope you soon realize …"

The sentence structure is non-standard, but not beyond the norms. Nowhere near engrish. It may be more indicative of his personality, than his native tongue.

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Raoul Duke
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July 14, 2012, 11:01:36 AM
 #424

I see plenty of native english speakers around here who can't tell the difference between THERE, THEIR and THEY'RE... and it's just a little example as there are much more.
Being born/raised in a certain country doesn't make you literate in that language.

True, but some errors are typical and widespread, while some others are untypical for native English speakers. For example, would any native English speaker ever say:

"I hope you soon realize …"

Why wouldn't they? I know plenty of persons who write just like they speak, even when it makes sentences odd(and by saying odd I'm being nice). Please explain it to us. Give your best shot at the literary analysis of Pirate's posts, please.

Also, google doesn't agree with you, on the rarity of the exact same sentence structure
http://www.google.com/search?client=ubuntu&channel=fs&q="I+hope+you+soon+realize"

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July 14, 2012, 11:11:26 AM
 #425

rjk: Who in his right mind would buy mining shares that yield less than they cost? If bought shares do not get laundered, then I would assume Pirateat40 is reserving this privilege to himself?

But I agree on a more important question, which BurtW also asked:

No, I just have 40K dirty BTC I need to wash.  This GPUMAX laundry is way too slow.  Does anyone else have any bright ideas on how I can clean up these dirty 40K coins?

This is actually the only viable argument here. Is the laundry too slow? We have about 7200 coins produced daily, what fraction might it get?

As an example, 6% of hashpower over 100 days yield 43200 BTC. That's becoming interesting. If it is able to use 20% of hashpower -- well, then there's little question, with 100k BTC in 70 days! So, can someone persuade me there's not enough hashpower there? The gpumax thread looks pretty long for a minor operation, if I may say.

other possible use cases:
* hopping (is that still profitable with the allowed pools?)
* launching a pool and pretending there are lots of miners
* getting over a pool payout threshold
* one more not of relevance that I want to keep to myself as I might give it a try Smiley

It is kinda frightening that nobody can tell what percentage of the mining network pirate controls - even if that control would be short lived if used in a really bad way.

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July 14, 2012, 11:43:56 AM
 #426

Goat is a "Pirate pass-through" operator. Three consecutive posts on his own typing? I'll start reporting if this continues.

Re-stating the current points of discussion:

  • How much hashpower might Gpumax have?
  • Who is paying for the premium on Gpumax, and why?
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July 14, 2012, 11:52:51 AM
 #427

Goat is a "Pirate pass-through" operator. Three consecutive posts on his own typing? I'll start reporting if this continues.

Nothing to report, Van. This thread went waaaaaay OT ages ago. There's no way for any post to be OT.

And for the record, I'm a popcorn eater. I have no allegiance to either side in this debate. I still have no idea exactly what Pirate is doing with investor coins, and am just waiting see what happens in the end.


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Vandroiy
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July 14, 2012, 12:16:03 PM
 #428

Actually, I was just talking about Gpumax being a laundry. There has been a rather small ratio of "Ponzi" said in these last posts.

I have no way to know whether anything you say is true, but a lot of the posting style suggests it's not. It's just distracting, insulting, and distracting again. If it were really so boring, there would be no reason to post in the first place.



Repeating the questions at hand:

  • How much hashpower might Gpumax have?
  • Who is paying for the premium on Gpumax, and why?
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July 14, 2012, 12:21:17 PM
 #429

Repeating the questions at hand:

  • How much hashpower might Gpumax have?
None of your business.

  • Who is paying for the premium on Gpumax, and why?
None of your business.


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July 14, 2012, 12:42:33 PM
 #430

Actually, I was just talking about Gpumax being a laundry. There has been a rather small ratio of "Ponzi" said in these last posts.
This is very disappointing, I have to agree. It's now down to about 0.56 Ponzis/thread atm.

Quote
Repeating the questions at hand:

  • How much hashpower might Gpumax have?

Do you have any ideas how this data could be obtained? You could ask pool ops I guess, they'd probably have a good idea when GPUMax came a-calling.

Quote
  • Who is paying for the premium on Gpumax, and why?

Someone with a non-mining reason. I can't see anyway of paying a premium like the one quoted here and obtaining a useful mining income without pool hopping.

I suppose if electricity in a customers' country costs more than 32c per kWh it's cheaper to buy coins from GPUMax (based on 1.7Ghps and 1000 W miner, 1 coin per day at current D. Someone check my calcs?)


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Maged
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July 14, 2012, 01:28:02 PM
 #431

Is it a problem if the wallets of both services are one and the same, as long as the book keeping is separate and accurate?
They aren't. Funds are explicitly flowing from BS&T to a completely separate GPUmax wallet.

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July 14, 2012, 05:21:23 PM
 #432

This is actually the only viable argument here. Is the laundry too slow? We have about 7200 coins produced daily, what fraction might it get?

As an example, 6% of hashpower over 100 days yield 43200 BTC. That's becoming interesting. If it is able to use 20% of hashpower -- well, then there's little question, with 100k BTC in 70 days! So, can someone persuade me there's not enough hashpower there? The gpumax thread looks pretty long for a minor operation, if I may say.

Dude, you're borderline idiot.  It ISN'T the only argument just because you haven't thought of the others.  Seriously, you want people to do all the thinking for you while you just spew bullshit.

As giga and I already explained, hashing on GPUmax hasn't been 24x7.   In the beginning it was higher priced and it was more steady for two reasons.. there were fewer miners in the system so it took longer to get through jobs and because the market price hadn't settled yet.  One large miner could put a stupid high price in and bring up the system average.  That is no longer the case. Once again you guys are making estimates based on FUBAR evidence.  Your estimates factor in GPUmax running 24x7, but instead its running maybe 1x5.  Nowhere near enough to launder the amount of coins you think pirate needs to launder.

Here's the next thing for you to consider, but you seriously need to consider it.  I will repeat this post over and over until you do.

How is this guy paying 110% https://bitcointalk.org/index.php?topic=60717.0 ?

Next, how are any of the other pools that were around paying 110%?

Next, why have many pools switched from Prop to PPS or some other averaged system?

Once you figure that, you'll realize you owe pirate an apology.  Seeing how you shittalk though, I doubt that will ever actually ever happen because you don't have the balls for it.

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July 14, 2012, 05:38:12 PM
 #433

It ISN'T the only argument just because you haven't thought of the others.

Haven't you heard of the powerful proof technique called reductio ad absentiam imaginationis? Trust me, I'm a proof theorist and mathematical logician.
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July 14, 2012, 05:42:05 PM
 #434

It ISN'T the only argument just because you haven't thought of the others.

Haven't you heard of the powerful proof technique called reductio ad absentiam imaginationis? Trust me, I'm a proof theorist and mathematical logician.

I'm familiar with reductio ad absurdum but after a quick consult with an Italian friend much better at Latin than I, I realized they were pretty similar.

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Vandroiy
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July 14, 2012, 06:04:52 PM
 #435

imsaguy: Clipse? Shocked

Why come here and point that out to me? I only knew Clipse from IRC, I thought it was some spam identity on Pirate's side to throw insults at me. He's quite active in the BS&T chan from what I saw.

Huh

I begin to get the feeling "imsaguy" is just making fun of me by now. Why the heck did you point that out, just to watch me go "lolwut"? Well, that was a perfect success. I guess we figured out were just told how they got the throughput up.
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July 14, 2012, 06:16:18 PM
 #436

imsaguy: lol WHAT? CLIPSE? Shocked

God these people, brazen is an insufficient word. Grin And you come here just pointing it out to my face! Pool started: January 22, 2012. I only knew Clipse from IRC, I thought it was some spam identity on Pirate's side to throw insults at me. He's quite active in the BS&T chan from what I saw.



Maged, feel like checking Clipse's pool for BS&T coin output in a similar manner? Should I start offering bets you'll find some? Huh

I begin to get the feeling "imsaguy" is just making fun of me by now. Why the heck did you point that out, just to watch me go "lolwut"? Well, that was a perfect success. I guess we figured out were just told how they got the throughput up.

Clearly you didn't bother to think outside of your tiny box.  Answer each of those questions, on their own.

As promised:

How are any of the other pools that were around paying 110%?

Next, why have many pools switched from Prop to PPS or some other averaged system?

Once you figure that, you'll realize you owe pirate an apology.  Seeing how you shittalk though, I doubt that will ever actually ever happen because you don't have the balls for it.

When you fail to positively answer the last question, it shows just how much you really don't know about bitcoin.  Which then in turn explains why you fail on so many of your other claims.

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July 14, 2012, 07:44:27 PM
 #437

Is it a problem if the wallets of both services are one and the same, as long as the book keeping is separate and accurate?
They aren't. Funds are explicitly flowing from BS&T to a completely separate GPUmax wallet.

Examples? (More than one.)
http://blockchain.info/tx-index/12005455/bcd1293a5ec225add03a958b5b2ad6c5487daec5a26c4d990326ed9c8a467951
http://blockchain.info/tx-index/11686513/1bc697e270a36bc93c3283765e04c77e920761284f599106f679506d22af012f

We're talking thousands of coins, here, and that's just with a quick glance. And yes, the addresses these funds are coming from have been verified to be in the BS&T wallet.

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July 14, 2012, 08:08:46 PM
 #438

Is it a problem if the wallets of both services are one and the same, as long as the book keeping is separate and accurate?
They aren't. Funds are explicitly flowing from BS&T to a completely separate GPUmax wallet.

Examples? (More than one.)
http://blockchain.info/tx-index/12005455/bcd1293a5ec225add03a958b5b2ad6c5487daec5a26c4d990326ed9c8a467951
http://blockchain.info/tx-index/11686513/1bc697e270a36bc93c3283765e04c77e920761284f599106f679506d22af012f

We're talking thousands of coins, here, and that's just with a quick glance. And yes, the addresses these funds are coming from have been verified to be in the BS&T wallet.

Isn't this just like when person(s) pay the the shakaru collection fund?  If I don't setup an explicit wallet, people will see outputs that go to my other things and the shakaru distributions will come from other sources.  Basically, it isn't necessarily shakaru in->shakaru out.  Am I missing something here?

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July 14, 2012, 08:33:54 PM
 #439

Is it a problem if the wallets of both services are one and the same, as long as the book keeping is separate and accurate?
They aren't. Funds are explicitly flowing from BS&T to a completely separate GPUmax wallet.

Examples? (More than one.)
http://blockchain.info/tx-index/12005455/bcd1293a5ec225add03a958b5b2ad6c5487daec5a26c4d990326ed9c8a467951
http://blockchain.info/tx-index/11686513/1bc697e270a36bc93c3283765e04c77e920761284f599106f679506d22af012f

We're talking thousands of coins, here, and that's just with a quick glance. And yes, the addresses these funds are coming from have been verified to be in the BS&T wallet.

Isn't this just like when person(s) pay the the shakaru collection fund?  If I don't setup an explicit wallet, people will see outputs that go to my other things and the shakaru distributions will come from other sources.  Basically, it isn't necessarily shakaru in->shakaru out.  Am I missing something here?
No, you pretty much have it, which is why I haven't claimed that this is a bad sign. However, I don't know what a payment to buy work off of GPUmax looks like to compare against. If all of said payments are sent to BS&T deposit addresses, there's nothing fishy here (other than a convenient excuse that allows Pirate to hide his own laundry with transactions that don't correspond to any GPUmax deposits). What would be scary is if normal deposits to GPUmax were directly sent to GPUmax's wallet, despite this massive flow between the two systems.

Some of you guys seem to have purchased from GPUmax. Could I get your deposit address?

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July 14, 2012, 08:59:55 PM
 #440

Turns out, GPUmax deposits are sent to BS&T. That makes this flow almost worthless, information wise, and the audit of BS&T even more impossible.

That being said, the reason for the 10% fee on using GPUmax is now absolutely clear: your coins are perfectly laundered, in ALL respects. However, this hasn't made enough income for Pirate to pay for BS&T, not by a long shot.

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