Magad
Could you explain? I have heard form more the a few users that GPUMax was a great resource.
Thanks.
That's part of why it was so dangerous. More importantly, though, because it was just a mining proxy, it was literally impossible for anyone to know how much mining power GPUMax controlled through those proxy connections. In light of what we now know about Pirate it's fair to say that his entire goal with GPUMax was to leverage his ponzi-gained trust along with shiny features to silently build up over 50% of the network's hashing power through his proxy. Then, once his ponzi reached its peak, he'd unleash this power against the network, blame it on a hack or something, then run away with his ponzi gains while we were too busy cleaning up the mess to notice. In fact, he probably thought that the attack would permanently destroy bitcoin, so people wouldn't even care that he ran.
Luckily for us, he was still building up the technical capacity to do this attack when his ponzi collapsed. If you still don't think that was the goal Pirate had for GPUMax, then you are still in denial. Thus, the OP's point has been made.
I've been using GPUMAX since it's first week,
* It was easy to estimate how much hashing gpumax had just by purchasing a lease at a hefty price.
* GPUMAX was a proxy than improved mining even when not leasing, it claimed to achieve lower stale / reject.
* GPUMAX wasn't really a cash cow for miners, it would sometime pay 15% on top of PPS but would do so less than an hours per day.
* GPUMAX had nowhere near 51% of hashing power.
* GPUMAX Had been invite only for almost the whole time.
I did not keep mining at GPUMAX because the extra reward was not worth the occasional downtime and problems.
I know very little about the people who were leasing there, It was either for A. Pool Hopping, or B. BTC laundering. or
@OP, Yes, he's a scammer and I'd really like to know what plan he had.
