[ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE - page 20.

PCJargon

full member

Activity: 126

Merit: 100

Smashing rocks with my GPU

Quote from: Dubhe on September 07, 2014, 09:53:31 PM

Quote from: 900KHz on September 07, 2014, 09:45:53 PM

I am still wondering how I get the gold when I want to cash the coins in... Will they mail the gold from their office in the UK?

Sorry for the -probably- very obvious question.

If they really had an office in the UK... then why the broken english? google translate is fucked???

And also why is their domain registered to an address in Rome?

Dubhe

newbie

Activity: 10

Merit: 0

Quote from: 900KHz on September 07, 2014, 09:45:53 PM

I am still wondering how I get the gold when I want to cash the coins in... Will they mail the gold from their office in the UK?

Sorry for the -probably- very obvious question.

If they really had an office in the UK... then why the broken english? google translate is fucked???

900KHz

newbie

Activity: 4

Merit: 0

I am still wondering how I get the gold when I want to cash the coins in... Will they mail the gold from their office in the UK?

Sorry for the -probably- very obvious question.

dropgrid

newbie

Activity: 7

Merit: 0

Quote from: wtman on September 07, 2014, 09:11:07 PM

IT IS REALLY LAUGHABLE THAT THE DEV ISNT EVEN ACTIVE ON THE THREAD.

YOU WANT TO APPEAR ALMOST LIKE A MULTI MILLION DOLLAR CORPORATION AND YOU CANT EVEN BE ACTIVE ON THE THREAD.

100% LAME SHIT BRO. 100% LAME

I'M NOT EVEN EXAGGERATING. I FEEL SORRY FOR THE GUY WHO IS FUNDING YOUR VENTURE

Don't kid yourself. The hashers are funding this with their leases and electricity. I did the calcs. At the hash rate on their private pool they will be generating $3,800 worth of litecoin in 24 hours. One of two things are going to happen after they cash in enough litecoin from your hashes:
1) They run
2) They make good on their business plan and buy gold (eventually funding the so-called reserve) and issue you all midascoin that are due you
3) They blow up and run with the litecoin in their wallets

This isn't rocket science kids.

cakir

legendary

Activity: 1274

Merit: 1000

★ BitClave ICO: 15/09/17 ★

I've mined 5 mhs for 4 hours and I didn't get even 1 coin?!!

WTF is this shit?

Now you owe me 4mbtc (for rig rental!)...

dropgrid

newbie

Activity: 7

Merit: 0

Quote from: wtman on September 07, 2014, 09:28:17 PM

Quote from: LordofBTC on September 07, 2014, 09:12:09 PM

Midascoin has an issue with the difficulty algorithm, fix is coming very soon along with the official statement; stay tuned.

ffs please don't relaunch. what about us poor miners who spent a lot on renting hashes? we trusted your company. don't rape us naked

This is a good lesson for all of us. The only thing worth "trusting" these days is the blockchain technology.

travis72682

full member

Activity: 168

Merit: 100

what a joke....

Its Hashletcoin that doesnt even pretend to pay you.

Which may be a fucked up thing to say as hashlets may be totally legit. Im just skeptical is all.

wtman

legendary

Activity: 1030

Merit: 1000

Quote from: LordofBTC on September 07, 2014, 09:12:09 PM

Midascoin has an issue with the difficulty algorithm, fix is coming very soon along with the official statement; stay tuned.

ffs please don't relaunch. what about us poor miners who spent a lot on renting hashes? we trusted your company. don't rape us naked

Titan

sr. member

Activity: 259

Merit: 260

Quote from: wtman on September 07, 2014, 09:06:00 PM

Blocks are not being found. Something has gone wrong.

We all love the Digishield!

LordofBTC

newbie

Activity: 18

Merit: 0

Midascoin has an issue with the difficulty algorithm, fix is coming very soon along with the official statement; stay tuned.

feryjhie

hero member

Activity: 882

Merit: 595

Quote from: wtman on September 07, 2014, 09:06:00 PM

Blocks are not being found. Something has gone wrong.

same with me

wtman

legendary

Activity: 1030

Merit: 1000

IT IS REALLY LAUGHABLE THAT THE DEV ISNT EVEN ACTIVE ON THE THREAD.

YOU WANT TO APPEAR ALMOST LIKE A MULTI MILLION DOLLAR CORPORATION AND YOU CANT EVEN BE ACTIVE ON THE THREAD.

100% LAME SHIT BRO. 100% LAME

I'M NOT EVEN EXAGGERATING. I FEEL SORRY FOR THE GUY WHO IS FUNDING YOUR VENTURE

Dubhe

newbie

Activity: 10

Merit: 0

Quote from: wtman on September 07, 2014, 09:06:00 PM

Blocks are not being found. Something has gone wrong.

FAIL...

wtman

legendary

Activity: 1030

Merit: 1000

Quote from: inspirone1 on September 07, 2014, 09:01:35 PM

switched miners back to JBS. This was a waste of fucking time and btc

yea waste of rented rigs. waste of btc. I thought the midas team was impressive but these guys are clueless

wtman

legendary

Activity: 1030

Merit: 1000

Blocks are not being found. Something has gone wrong.

dload.1

legendary

Activity: 994

Merit: 1004

BTC

i am doing the same don't like the way this is going . big waste.

inspirone1

full member

Activity: 327

Merit: 100

Open and Transparent Science Powered By Blockchain

switched miners back to JBS. This was a waste of fucking time and btc

boxxa

sr. member

Activity: 310

Merit: 250

Based on the IRC convos it seems that the initial mining power from early miners "accidentally" by filing up the reserve or contributing to it so a lot of early miners lost out due to them not testing a high hash pool rate.

I am repointing miners. This coin has bad news written all over it IMO.

wtman

legendary

Activity: 1030

Merit: 1000

Quote from: dropgrid on September 07, 2014, 08:46:50 PM

Ahhh, I see now. My colleagues and I have been trying to figure out the real story behind this coin. Things didn't add up when we noticed the following:

1. For a legitimate company saying they have approximately $800k in gold reserves, they couldn't even hire a decent team to enhance the graphics, shop and videos.

2. The company seemed to be pushing some sort of credit/debit card. We couldn't fully understand the reasoning behind this concept. You give away "free" coins to miners in the hopes they will use your credit card? Now that's a great idea if you're a bank. Not so good if you're not, and I'm certain Midas Payments Ltd is not a bank.

3. With the recent launch, it seems we discover what PoM REALLY IS! Someone here is stealing hashing power to generate altcoins to cash in and fund the gold reserve. This begs the question...was there really ever a single gram of gold in the Midas reserves to begin with!

Don't waste your hash power folk. These guys were pretty good I must say, but definitely "fishy".

Too bad, there is a real Midascoin getting ready to launch (from what I heard they've been working hard at the program for 6 months) where the coin is definitely backed by real gold coins. From what I understand the coin will be premined and each Midascoin will represent a "contract of ownership" of 1/100 of a gram of real gold (coin). I also heard that they are open to people helping them with the mobile code. Their gold reserve will be held in a certified vault and they are going to have audits of the coins every so often to prove the backing. Check these guys out at midascoin.org.

Good luck to all who have been violated by "this" version of midas.

careful with the noob account, that site might have trojans.

BTCspoon

full member

Activity: 238

Merit: 100

Mine a coin with value (litecoin) and get paid with a coin with 0 value (Midas). I've seen it all, now i can die in peace, i guess.

Topic: [ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE - page 20. (Read 63992 times)