Topic: [ANN] NoirShares UPDATE REQUIRED Advanced Features✔, Unique PoW✔ - page 28. (Read 69989 times)

How many cores are you using?

i got one 222.22 and a lot of 2.222

is any one find block payout larger then 2.2222 i have found 10 of them and nothing more

can we please keep this private or on IRC , we don't need to qoute every huge post  and flood the fourm

seam like alot of work went into creating that post , i think your hard work would of been better spent trying to help the community other then destroying it

every one that invested knew the risk ,,,, you are talking about a missing 4 BTC  or less ,,, who really give a shit

The mining operation has been a failure,  and i said it before. mined under my control is maybe 17 BTC. Before we jump to that part, let's stay on track with the firt part of accounting so that we can clear it first then move on to other issues.

If you are not going to least read, it becomes a moot conversation since you will keep dismissing what i say. Later today i will upload a redacted scanned copy .

So taxes are paid in BTC nowadays? How much in dollars (exact) was it. Could you upload a copy of the customs duty bill (you can leave out the private information)?
Another question popping up: How much you say the mining operation has made (without extracting the costs)?

the miners were sent to me, as a result on their arrival i had to pay import taxes or "customs duty" as it is called in other countries. As you know, no country accepts BTC for such payments, meaning i had to pay it in fiat, if you are lucky enough to not live in a country with such regulation lucky  you. :- http://en.wikipedia.org/wiki/Tariff if you were asking what it is exactly .

So what you are trying to tell me is that 29+1.8+8+4= 42.8 BTC is much less than 49.81 BTC, with your perceived value. Still even if I would take this into account 42.8 BTC is still a lot more than the around 32, maybe 33 BTC that was payed for the 5 miners!

Your math gives total shares, but like i pointed out,  It was a declaration on my part that 10000 NRS == 1 BTC == 1 Share, but that was not the price on the market was it? So we cannot assume that there is investment worth 50 BTC. The investment total was worth

29 BTC + 157 k NRB and 167k NRS +447 PTS (corrected)

Which at market price then was 29 BTC + 1.8 BTC + ~ 8 BTC and 4 BTC.

The SHARES are 50 but the VALUE is much less that your proposed 49 BTC

I did this =SUM(E47:AH47) that gave me 49.81 BTC invested (total value of PTS, BTC, NRS and NRB that were donated)
If I am wrong, tell me what I did wrong, but for me you got 49.81 BTC!!!!
Oh wait, that was exactly the amount Chocobo was referring to!

it sounds correct what barwizi said. I look accourate later 

I think the simple thing has been making be complicate.

Received the PM.
I'm also curious what's going on?

thank you very much chocobo, was not easy. this is bad news!

I'm curious what he says !?

I have finished reviewing the finances of NG. Logan, the current CFO of NG, has been missing for quite some time now and I finally decided to just do his job for him. I only wish I had done it sooner. Simply put there is a lot of money missing.

First, let me share with you all of the accounting documents I received from the group as well as the NG officer board Skype chat.




I believe that investors were told the same in a newsletter. Barwizi stated to me earlier that all of the GF went to the miners. Obviously this wasn't true.




He has not located root_1 yet, or found his stack exchange account. He says this information was on a hard drive that needs to be recovered. The amount root_1 was paid is suspiciously close to the 80k barwizi paid himself. The 79.2k NRS root_1 was paid was worth about 10.488 BTC on the dates of his payments and corresponds heavily to a dump on poloniex around that time. root_1 was paid a ridiculous amount for the work he did.

Another gaping hole in barwizi's accounting is a period around the launch of NRS that he sold premine NRS for .00085-.001 BTC per NRS. Here is proof that it occurred:




This really bothered me. He didn't even try to deny that he made that much BTC selling parts of the premine. He also claimed NG wasn't around yet. It was, and there are about 4 threads that document it. Makes me think he sold more than 43k NRS.

Later on he tells Logan this:


Discounted? More like far above the all time high.

Next up is the accounting of the mining operation. Here are the only addresses I found that were mined to:




The total BTC mined to these addresses is 10.42958901. Far below the estimated 32.9448 BTC they should have mined. How much of this BTC have investors received? The total NRS payed out to investors as a whole was 7851.104578454333 NRS, which likely cost around 1.3 BTC to acquire around the time of the payouts. Barwizi made a document that attempted to explain where this BTC went. The document is at the top of this post, it is the one titled 'BTC accounting.xslx'. This document is riddled with flaws and inconsistencies. The first being the cost of the multipool. It really cost 3 BTC, not 3.5 BTC. Here are the transactions to the company NG hired:




As you can see barwizi reimbursed himself in two payments here. The first being 3 BTC for the duty on the miners. Interestingly enough this is the third time he is reimbursed for duty. The first being when he decided the remaining 17.86287885850416 BTC worth of assets in the GF were his (about 3x the 6.5 BTC cost of duty, even though that price of the duty has not been proven). The second being a 0.57 BTC share added to his name on the registry noted 'Customs'. The third being the massive amount of BTC he made off of the premine. Then there is the row 'Partial re-inbursment of Costs' where he pays himself 2 BTC more for whatever reason.

On the launch of Cure Coin barwizi switched the miners to a pool that was mining curecoin. He claims to have left the coins on there instead of doing an auto-payout (rookie mistake...too rookie) and before he went to withdrawal the pool owners ran with the coin.




To get 20 BTC worth of curecoin the miners would have had to been running for quite sometime. During this time he wouldn't even ask an officer to withdraw these coins or at least keep an eye on the operation? It is very hard to believe. Especially when you see officers asking for control of the miners several times in the board chat. This stubbornness to keep the operation in his own hands after having the miners down 2/3rd's of the time only reinforces the idea that he was using the miners for himself. It is either that or gross mismanagement after receiving our near 50 BTC in investments.

Here is the pastebin of me confronting barwizi over all this missing money:












A few things about this last quote. A github paid account is $7 a month. We didn't even have one the whole time. The servers were not for a greater part of the year, as NG hasn't been around for a year. As for the servers and the forum, they are inexpensive and I know one of them is paid for by an officer. This 'justification' should make you sick. Barwizi likely ended up with AT LEAST 50-100 BTC that should of belonged to the GF. With the NRS price after a month the GF would have been very well off and able to fund actual projects.

This conversation was had before I finished my accounting, so some of the numbers were not figured out. The numbers I posted here are more accurate.


Barwizi has had months to prove expenses, and try and justify all of this. The fact of the matter is than even if there were 20 BTC of legit expenses that I didn't find he still took a TON of BTC from us. I don't even feel like looking at what these funds were worth when NRS held a 30k sats price. He lied to us as investors. A 'ground-breaking' feature was always two weeks away. While we bought in anticipation he dumped on us. You may have seen my disappointment in the quality of work done by our officers. Now that I reviewed all of this I realized that he contributed to their failure by keeping the funds away from them and in the dark as far as development goes. The officers failed, no doubt, but they tried.

I will be stepping down from COO. Don't worry, I was never paid and will never accept payment. I really didn't start working until a month ago, and most of my time was spent working up a redesign/relaunch for NRB and NRS as well as a full marketing plan. My work was ruined when barwizi decided to announce a merge without so much as asking me. He did this because he wasn't capable of developing a feature we planned for NRB. It is a shame this didn't work, I was very excited to work on a decentralized company, and my next order of business was to COMPLETELY re-brand NRS. I was going to make it simple. I also had my brother help barwizi program for free, and was going to bring on a second programmer/web designer. These two are good, they could have done the code barwizi couldn't.

If you are not aware barwizi launched a side project today:

https://bitcointalksearch.org/topic/notice-project-x-come-join-the-movement-791338

He launches this while Noirshares is in between a blockchain swap and in shambles. You can't even trade the new NRB/NRS because the markets are on the old chain. His new project really pissed me off today. Here is what he had to say:


With the amount of BTC he took I sure hope he feels some obligation to deliver on his promises to us.

Any GF member, Barwizi: was this important?

Not all of us have given email addresses.

sorry but when is the new DAC coming , in the old NRS thread is said "coming very soon"

i dont understand why NRS was stop POW , and made only POS  => then  merge with NRB ( that shit was dead and fail) => no POW  with CPU only. * which wont take long until is GPU again)
honestly  we should of left it alone ,,, let the miner mine .... the trader trade ...... and build up
Not stop and tare every thing apart.


can you  please update the web site , or turn it off , as all the information is wrong from the old NRS , wallet , info ,


sorry , but this all seam like where in shamble and don't know what going on

so it still POS , i cant see in the OP that is POS  or interest rate , but i see that the wallet has "stakecoin"

also i am still getting " Connecting to IRC" is this a on going problem and need to be fix , or am i doing some thing wrong

that mean it going to be raped buy AWS whales ?