GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1718.

vancefox

legendary

Activity: 1033

Merit: 1005

Quote from: Honeycutt22 on January 09, 2015, 01:52:12 PM

Quote from: r00tdude on January 09, 2015, 01:45:38 PM

No, it never does. Thanks for this analysis.

While it's nice to have it proven they are selling pre-mined coins on Paybase... Is anyone really surprised? Huh

The folks over on HT think buying up XPY from Paybase will raise the price on the markets, but it won't do a darn thing when they are selling from their massive pre-mine... They are literally just selling junk coins and depositing it into their bank accounts...

No, it doesn't surprise anyone here... but every now and then there's someone who ventures away from that haven there and sees something very bright for the first time... Wink

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: maildir on January 09, 2015, 01:46:40 PM

Do the math. Sale outlet suffers the same trick to reveal max quantities that KNC had before:

2 TH/s - AntMiner S4 @ 806 max units
453+ GH/s - AntMiner S3 @ 811 max units

Bitmain was here last week or the week before offering a package of used machines close to this total hash power, can't find it write now: https://bitcointalksearch.org/topic/wts-large-quantity-of-second-handed-s3-bulk-buyers-only-very-low-gh-904554 149. Of course same day delivery can mean ex-China as well.

Seems Homero is desparate for cold hard cash, juggling CC's and peddling used hardware for 20 dollar commissions.

This is around 2 PH/s total. They have also been selling the S4 on oneminer.com for about 2 months now. Looks like the 5 PH/s purchase paid for with our hashlet money is being sold back to us. Nice work.

vancefox

legendary

Activity: 1033

Merit: 1005

Quote from: suchmoon on January 09, 2015, 01:49:20 PM

Quote from: vancefox on January 09, 2015, 01:43:45 PM

Quote from: wdl1908 on January 09, 2015, 01:40:06 PM

Quote from: suchmoon on January 09, 2015, 01:28:14 PM

Quote from: vancefox on January 09, 2015, 01:19:30 PM

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

Yes, they were staking with their pre-mined coins while they were/are dispersing them. At least it was only 5%... they didn't use a prime350 code at that time... I guess I should of said thankfully, but I'm not going to.

EDIT: But it doesn't change the outcome of the excavation. The tx ID supplied for the purchase of coins via PayBase credit card came from pre-mine.

Ok, I'm going to pretend now that I understand this. Looks like a smoking gun as those coins never left GAW's possession.

Based on what I see and how I understand it: Yes. These coins that were purchased through PayBase with a credit card did not come from an exchange but instead came from the pre-mined coins that were still in GAW's possession.

I'll let someone else disprove me if they'd like. Unlike "gawd", I'm not infallible.

EDIT:

demonz

member

Activity: 90

Merit: 10

Quote from: r00tdude on January 09, 2015, 01:45:38 PM

No, it never does. Thanks for this analysis.

Glad to see you learned to think critically. Quick question though, why did you delete a lot of your posts from this topic?

Honeycutt22

sr. member

Activity: 280

Merit: 250

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: vancefox on January 09, 2015, 01:43:45 PM

Quote from: wdl1908 on January 09, 2015, 01:40:06 PM

Quote from: suchmoon on January 09, 2015, 01:28:14 PM

Quote from: vancefox on January 09, 2015, 01:19:30 PM

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

Yes, they were staking with their pre-mined coins while they were/are dispersing them. At least it was only 5%... they didn't use a prime350 code at that time... I guess I should of said thankfully, but I'm not going to.

EDIT: But it doesn't change the outcome of the excavation. The tx ID supplied for the purchase of coins via PayBase credit card came from pre-mine.

Ok, I'm going to pretend now that I understand this. Looks like a smoking gun as those coins never left GAW's possession.

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

Quote from: wdl1908 on January 09, 2015, 01:40:06 PM

Quote from: suchmoon on January 09, 2015, 01:28:14 PM

Quote from: vancefox on January 09, 2015, 01:19:30 PM

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

If you follow the chain you see where they are broken into batches being sold, these are likely credit card purchases, note the date is today(not pictured here but viewable in link to chain posted earlier).

link to this block transaction: https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

Face it Daffy, you have been Paycoined!

maildir

legendary

Activity: 924

Merit: 1060

Do the math. Sale outlet suffers the same trick to reveal max quantities that KNC had before:

2 TH/s - AntMiner S4 @ 806 max units
453+ GH/s - AntMiner S3 @ 811 max units

Bitmain was here last week or the week before offering a package of used machines close to this total hash power, can't find it write now: https://bitcointalksearch.org/topic/wts-large-quantity-of-second-handed-s3-bulk-buyers-only-very-low-gh-904554 149. Of course same day delivery can mean ex-China as well.

Seems Homero is desparate for cold hard cash, juggling CC's and peddling used hardware for 20 dollar commissions.

r00tdude

full member

Activity: 206

Merit: 100

demonz

member

Activity: 90

Merit: 10

puwaha

sr. member

Activity: 700

Merit: 294

Quote from: bananafana on January 09, 2015, 12:12:08 PM

Notice how vague that is. It reminds me of this:
http://media.coindesk.com/2015/01/Hash-Talk-4.png

But what it *doesn't* say is that when you buy on paybase, they buy the same number of shares off of an exchange. It doesn't say that at all.

Eh... I'm just the messenger here.

Quote

Third, it makes little sense. They don't need to "refill the coffers" to serve customer's needs. It was over 96% premined. They have more coins (at zero cost) than they could ever use. And there's ZERO evidence that they're buying to "maintain the target price" for any target at all.

96% premined yes... but the vast vast majority of all those coins got staked or went into customers' hands to cloud stake, personal wallet stake, or sell off. I don't know how many they had in their coffers, but it's reasonable to say they would have to go to the exchanges every now and then. I don't know if there is any evidence of this happening yet.

vancefox

legendary

Activity: 1033

Merit: 1005

Quote from: wdl1908 on January 09, 2015, 01:40:06 PM

Quote from: suchmoon on January 09, 2015, 01:28:14 PM

Quote from: vancefox on January 09, 2015, 01:19:30 PM

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

Yes, they were staking with their pre-mined coins while they were/are dispersing them. At least it was only 5%... they didn't use a prime350 code at that time... I guess I should of said thankfully, but I'm not going to.

EDIT: But it doesn't change the outcome of the excavation. The tx ID supplied for the purchase of coins via PayBase credit card came from pre-mine.

KC6TTR

sr. member

Activity: 434

Merit: 259

Quote from: galdur on January 09, 2015, 08:11:58 AM

Quote from: 10BTCaDay on January 09, 2015, 07:57:56 AM

What I hate is that if Josh gets away with this scam, EVERYONE is going to replicate it and push their luck like Josh did to scam others.
Apparently you can clearly scam people in cryptocurrency and get away with it.

Cryptocurrency will die with scammers like Josh involved.. stealing everyone's BTC and dumping them daily.

There is no law enforcement in this "self regulated" marketplace

nor are there any consequences for criminal activity...

Tell that to the former BitInstant CEO and Bitcoin Foundation board member, Charlie Shrem. He was just sentenced to two years in prison.

Scott-

jackbox

legendary

Activity: 1246

Merit: 1024

Any coin that is premined is a scam, period. And a premine of over 96% is a huge scam!

wdl1908

sr. member

Activity: 411

Merit: 250

Quote from: suchmoon on January 09, 2015, 01:28:14 PM

Quote from: vancefox on January 09, 2015, 01:19:30 PM

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

Unfortunately this will get lots of attention here and not on HT where the morons will continue to max out credit cards and pawn grandmas wedding ring to buy more of Josh&Cos infinite supply of XPY that they got for a few clicks of the mouse.

vancefox

legendary

Activity: 1033

Merit: 1005

Quote from: strangerdanger101 on January 09, 2015, 01:33:52 PM

Damn this is hot stuff! People need to understand there's a reason they premined and it wasn't to just sit on them. Hope this gets lots of attention.

I gave up trying to show those gawlets what is clear as day...

strangerdanger101

sr. member

Activity: 252

Merit: 250

jfabritz

full member

Activity: 141

Merit: 100

Cryptocoin Dabbler

Quote from: Paul Revere on January 09, 2015, 01:19:47 PM

$169 for an S3 with PSU is a pretty good deal, but if you are thinking about more than 1 it would make much better sense to get an S5. I have an S5 on the way to replace two S1s and in the next couple months will likely replace my S3s as well.

It is probably one of those inefficient industrial power supplies they were selling with the gridseed miners based on the description.

I was able to sell all of my S3's and exchange them for an equivalent hashing power of S5's at almost a total wash. I picked up two more in the next batch with the 15% off and coupons from the previous purchase. Gonna need that extra hash power when the difficulty goes up.

Sorry for straying off topic. We are all miners at heart, no?

vancefox

legendary

Activity: 1033

Merit: 1005

Quote from: suchmoon on January 09, 2015, 01:28:14 PM

Quote from: vancefox on January 09, 2015, 01:19:30 PM

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

No. The two exchange addresses that came up were coins being sent to from the premine. The coins purchased by the tx I dug through were 100% pre-mined coins.

EDIT: If you look at both tx off the "halfing" txs you'll notice that both halves go off to do the same thing.

EDIT2: I made sure to bold the txs where they ended and moved on from the dispersals.

Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1718. (Read 3377956 times)