So what your saying is that you prefer the group of "journalists" who are paid to write positive articles about any shady/scammy company, over the group of journalists who don't accept bribes and have integrity?
Coindesk is a joke. To call it a journal is a stretch, it's more like a massive collection of paid advertisements. (PS: 99% of GAW's articles are paid for)
You are already being called out on this, so I won't add to the mix
Just note that there are several other big sites with their reviews, like cryptocoinsnews.com, but they must be accepting bribes too
Conspiracy theories FTW!
Are you really going to suggest this guy has no incentive to write about GAW? They look pretty intimate to me.
Anyways my point is that GAW uses prweb period, so they are certainly willing to pay people to write/publish positive articles about themselves.
But why did the magical zenpool all of the sudden become way less profitable? Don't you find that convenient how it happens to coincide with the launch of hashpoints/hashcoin?
You ask me and I ask you, we are in the same boat here, but I wouldn't connect it with hashcoin, rather with that 30% bitcoin plunge.
Anyway, it doesn't show they aren't mining. Other pools and services also noticed a decrease in payouts, check opinions about ghash and genesis.
(Disclaimer: conspiracy theory)
The way I see it is that they decreased the payout of zenpool only so that it made sense for everyone to switch over to mining hashpoints.
If you were trying to make money by any means/scheme possible would you rather payout in btc (which costs you money), or payout in hashpoints (which you can print an unlimited amount of for free)?
I think the story is exaggerated. As I said before if somebody had solid proof they broke the contract they would have simply gone to court.
Usually, the truth is somewhere in the middle.
How else could you explain those people exchanging emails for months, wondering when GAW would finish their project only to find out 6 months later that GAW hasn't even obtained the permits to begin the project?
Just like how they totally bought a pool nobody has ever heard of for $8 million?
I have no doubt the Bitmain order is real but taking his word for anything/everything is simply foolish.
When the buyer and the seller both confirm the transaction I believe it. Why not?
If BitcoinWallet.com was sold for $250k, there's no reason to believe btc.com didn't cost much more.
Anyway, we have proof they own the domain and the money to buy it.
Believe or not, I saw one of their addresses with a couple thousand BTC.
I'm not talking about BTC.com. Buying that for $1m is within the realm of possibility because it is a premium domain and the sale itself is an advertisement.
However buying a pool nobody uses for $8 million is just absurd. I'd love to know what makes a litecoin pool worth that much.
I'm sure it has to do with whatever makes them magically payout more than you would get converting mined ltc to btc.
Yes I have a free 10 gh/s. I have to admit the website design is very slick and to be honest I'd recommend it to my noob friends if it didn't look like a scam and wasn't full of arbitrary games.
One last thing, I noticed that only around a week after launch GAW had amassed 250 gh/s. Interesting enough there was no 250 gh/s increase on the litecoin network.
I've heard estimates that they have 500 gh/s by now, how is that possible when they aren't even visible on the blockchain?
https://www.litecoinpool.org/poolsHow can you hide half the litecoin network?
Did you count the miners they had in their warehouse back then? I saw over 300 units, mostly ~40MH Zeus rigs.
I don't think they were mining LTC exclusively. Probably went after other coins too.
300 x 40 mh/s = 12 GH/s. GAW's hashrate is claimed to be somewhere between 500-1000 GH/s. How you can hide that much hashrate on the litecoin network is beyond me.
Do you understand now why I and many others demand proof of mining via a mining address instead of pics?
Here's why I'm led to believe GAW is claiming to have at least 1000 GH/s:
https://bitcointalksearch.org/topic/m.9516019