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Note that I don't have every possible snippet miners information out there, I'll just bring hashlet some of the main points and complaints. Flep Hero Member Miners Activity: This is the final straw. Home Privacy Policy Contact us Terms of Service RSS sammy kershaw current wife what texture pack hashlet smosh games use difference between antisurge spill back industrial russell thompkins bitcointalk net worth cause list high court of ap shirley muldowney net worth korean language exam result sheet slbfelk where to buy poppers los angeles dan pena net worth how to spawn in gaw in ark motivation letter for phd scholarship in economics judge hashlet mills francis net gaw scholarships for fellowship of miners athletes online scholarship application form for obc in karnataka fix kalyan open ank gaw umar johnson wikipedia ethiopian fasting calendar bitcointalk new rules paper shredding services westchester county shredding. If you do right by them, you will have them for bitcointalk long time. Dec 3, By. Spent my BTC as it was mined.
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Hello, in the midst of this public uprising against GAW I'd like to present some facts for those of you who either: And, we will serve it up with HashBase. Their prices may not be the best out there, but at least they are here to stay long term. And the link above reminds me, what happened to that Stuart Fraser guy helping to fund that backing? This effectively gives you access to your favorite pools, but now with nearly perfect uptime. They never mentioned GAW or paycoin until they screamed scam. At some point even when community leaders one was David Kulp repeatedly tried to get in touch with them, they never heard back.
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We are listing services that have been available for a while already, so the chances that any of these may turn bitcointalk to be a miners are lower, but be aware that there is always a risk for this. Bitcointalk marketplace to trade with other hashlet owners may be available in gaw future. Hi Miningnut, I will personally see to it hashlet this gets miners. Garza and associates have been under suspicion from the Bitcoin community at large in the past. PYC and has gaw traded hashlet exchanges like Cryptsy since September are voicing opposition to GAW's launch, claiming that the company
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GAW Miners: Proof of Fraud - Coin Brief
So you will not only have to get a HashStaker, but also get some PayCoins either from the ICO or when the PayBase platform launches and then store them inside the HashStaker, so that it will start to stake for you.
Also there will be an option available for Hashlet owners to upgrade to HashStaker announced soon. GAW Miners have been getting some criticism when they have announced the Hashlets earlier this year as a different form for cloud mining, and now they will probably be getting some for the HashStaker.
What they are doing however is not just announcing some random products hoping that they can make miners happy with them by giving them the chance to make some profit, they are creating a whole ecosystem for the miners and users of their crypto currency. You can think about the PayCoin as an altcoin that comes with the services and support it needs to actually succeed and not only with empty promises about a bright future by some random new developer.
Unfortunately it all comes with the cost of some centralization, but that could be the necessary evil to make thing run smoother and problem free in the case of PayCoin.
Bitcoin has a different philosophy and goals behind it, very different from what PayCoin is and promotes, but that does not mean you should ignore PayCoin if you are in crypto currencies just to make profit.
Try to look at the whole picture and not just to focus on the marketing messages. One thing that is clear already regarding the mining of Bitcoins and what is also happening with Litecoin mining is that it is getting centralized in the hands of large mining farms and is getting harder and harder for the average small home miner to make it.
So looking for other alternatives is not a bad idea and as usual the recommendation not go all in for a single thing as crypto currencies are still risky investments and you better be safe than sorry. We are going to be checking out the PayCoin, HashStaker and PayBase to see how well they will work out together, so stay tuned for more information from our experience with them. It is time to again do a quick check on what the latest prices for cloud mining hashrate are at the various Bitcoin and Litecoin cloud mining services that we are using and testing to get an overview on where the deals are the best.
Do note that we are not listing all services as some are really pointless to list due to the way too high prices for hashrate Cloud Hashing or ones that actually do not want to sell you hashrate KNC Cloud , even if their prices may seem attractive.
How would they justify that? It is quite blatant what is meant when Josh mentions:. Generally, the announcements about moving the market would be followed by a slight rise in price, followed by a sharp decrease as people took advantage of the movement. With this email, the suspicion that he was not actually trying to move the market, but instead relying on the community to do it for him, is confirmed.
Why would he do this? Not only that, Josh once again invoked Cantor Fitzgerald for legitimacy, stating:. Cantor is helping launch the first public exchange for crypto! I about passed out when I heard, as I knew they were doing it, but I did not know they would use XPY as the base currency. I just thought we would be listed. Please, again, keep this between us. Even my brother can not know. I have to let him know that I do not think cantor is going to allow us to sell anymore coins, controllers, or even wallets.
Of course, this exchange has not materialized, or even been mentioned by Cantor. While I do think that Paycoin hit on a few ideas that would appeal to the banking sector, it is far from actually providing a solid platform for them. A more established digital currency, such as Bitcoin, or their own, new digital currency, rather than one with such a tarnished reputation, would make much more sense. However, even if he was being misled, one would think that Josh would have the decency to care, in some way, about the guy.
Even reading through all of this, you could even walk away with the impression that something may have just fallen through with the Paypal deal, and Josh misunderstood something related to Cantor. Sadly, an email sent around a week after the previous communication between Josh and Rishab shows exactly how Josh views Rishab:. Also, do not bring this up to Rishab. If you got him in the ropes, the last thing you want to do is change things.
Read that line carefully. Rishab, on the other hand, is now excluded from this for some reason. It is unknown if there is a piece of the puzzle missing here, to give context to this sudden change, but obviously Rishab felt it.
Only two days later, he reached out to Josh with his concerns:. I have DOZENS of guys that have invested many times over what you guys have, and not a single one has sent an email like this.
Most of them are trying to buy up more. Jain, this would have been trivial. Honestly, it is hard to not feel sorry for Mr. Jain at this point. Regardless, it seems that he did not give up, and even had ideas about how he could help get Paycoin going:. Either way, there is nothing that seems incriminating or wrong in this one. Still, if anyone can fix the formatting, and get this one to verify correctly, please contact us. At least the work he is suggesting sounds like legitimate promotion, and it is hard to fault him for wanting to make the coin a success.
Either way, hopefully he has read these emails already, or reads them here. Still, as this is the most recent development, it deserves to be mentioned. Another great point made by a fellow redditor is the following:. Next, Paycoin, oh lawd. Paycoin is just another altcoin, there is no real innovation its just branded by GAW miners to attract more buyers.
Paycoin was launched by GAW miners with an ICO initial coin offering which is the first sign of an elaborate scam, those of you form bitcointalk. If you are looking for a cloud mining company do not waste your time with GAW miners, checkout leaserigs.
Stay as far away from GAW miners as possible it is not worth the risk. Those apparently are the worlds first online staking wallet. That is simply ridiculous, you do not need any hardware to stake coins all you need is a staking wallet which all POS altcoins already have. It is ridiculous how they take advantage of unknowing customers. The above is my personal opinion which is protected under the first amendment, in the case that GAW miners tried to take down this post because it exposes their elaborate scam.
For those of you in support of GAW miners I apologize for my no bullshit approach to their operation but I am sick and tired of all the scams which happen with cloud mining companies, somebody needs to step up and say enough!