GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2165.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: T0urist on December 14, 2014, 08:59:38 PM

Quote from: suchmoon on December 14, 2014, 06:53:24 PM

Quote from: owlcatz on December 14, 2014, 06:37:11 PM

Can anyone here tell me if this is really true? I don't follow alts, other than Monero/XMR.

thanks.

https://hashtalk.org/topic/23489/paycoin-xpy-has-surpassed-litecoin-ltc-in-market-cap/2

The numbers are roughly correct, but you need to understand how skewed Paycoin market is.

There are 12 million coins locked up. Only about 50-60k in the open market. So multiplying $11 or whatever it is by 12 million is meaningless. If hey had premined 1 billion coins would the market cap be higher than BTC?

So if i make a coin premine 100% 1 billion coins and sell a single coin to someone for $1 does that make my coins market cap $1 billion? Just curious if thats how it works. Wouldnt trade volume and executed tradesbe a better indicator... i.e transacted value per day?

Yes, it's the value of the coin multiplied by total number of existing coins. Works ok for normal coins, but the 96% premine sitting in "escrow" obviously screws that calculation up.

T0urist

member

Activity: 98

Merit: 10

Quote from: suchmoon on December 14, 2014, 08:51:07 PM

Quote from: cryptofunk on December 14, 2014, 08:43:51 PM

Quote from: MinermanNC on December 14, 2014, 08:31:50 PM

guess they pulled the plug on nomp pool zero hash rate now...

One more fail?

Cue the jokes about manual reconciliation and frozen withdrawals and all that pleasantly familiar stuff from ZenCloud. But it will all be working perfectly in Paybase Grin

https://hashtalk.org/topic/23515

Quote

GAW_GM
Admin
Moderator
GAW Staff

Blocks 2-277 and pool.paycoin.org shutting down for good!

We are working through a manual payout for blocks 2-277. Manual payouts will be complete by midnight tomorrow.

As we are not public pool operators and several community pools have opened up we are shutting down this pool. All payouts will continue to happen and we will close down the pool tomorrow for good. We will wait for all shares to payout before taking down the pool servers.

A huge thank you to the community for creating PayCoin pools and other resources and for all of the reports regarding these payouts being stuck.

JMLite on IRC: I'm sure someone from GAW will see my logs here, even on a Sunday, they always do

. And usually there is a hashtalk post related to it in the morning. I just hope they figure it out and do the right thing, and that my day's work investigating into it helps out with the first 277 block missing coins issues for everyone.

Several responses to the paycoin pool thread. https://hashtalk.org/topic/23296/pool-paycoin-com-online

JMLite we are always here!

so.... they cant run a pool but can run a global payment network? Cmon surely this crack must make the skeptics even slightly weary and question GAWs competence? If this point doesnt nothing will.

dekay

newbie

Activity: 14

Merit: 0

Quote from: I_IZ_CEO on December 14, 2014, 08:56:29 PM

How many "last"'s does he have?

Quote

Josh Garza @gawceo · 2h 2 hours ago
Stay tuned for tomorrow, we saved the best for last

hes talking about his visa card bs brb goin store smokes pizza monster

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: T0urist on December 14, 2014, 08:59:38 PM

Quote from: suchmoon on December 14, 2014, 06:53:24 PM

Quote from: owlcatz on December 14, 2014, 06:37:11 PM

Can anyone here tell me if this is really true? I don't follow alts, other than Monero/XMR.

thanks.

https://hashtalk.org/topic/23489/paycoin-xpy-has-surpassed-litecoin-ltc-in-market-cap/2

The numbers are roughly correct, but you need to understand how skewed Paycoin market is.

There are 12 million coins locked up. Only about 50-60k in the open market. So multiplying $11 or whatever it is by 12 million is meaningless. If hey had premined 1 billion coins would the market cap be higher than BTC?

So if i make a coin premine 100% 1 billion coins and sell a single coin to someone for $1 does that make my coins market cap $1 billion? Just curious if thats how it works. Wouldnt trade volume and executed tradesbe a better indicator... i.e transacted value per day?

That's exactly how it works. Look at ripple and stellar

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: I_IZ_CEO on December 14, 2014, 08:56:29 PM

How many "last"'s does he have?

Quote

Josh Garza @gawceo · 2h 2 hours ago
Stay tuned for tomorrow, we saved the best for last

Wrong the problem is he never had the best

T0urist

member

Activity: 98

Merit: 10

Quote from: suchmoon on December 14, 2014, 06:53:24 PM

Quote from: owlcatz on December 14, 2014, 06:37:11 PM

Can anyone here tell me if this is really true? I don't follow alts, other than Monero/XMR.

thanks.

https://hashtalk.org/topic/23489/paycoin-xpy-has-surpassed-litecoin-ltc-in-market-cap/2

The numbers are roughly correct, but you need to understand how skewed Paycoin market is.

There are 12 million coins locked up. Only about 50-60k in the open market. So multiplying $11 or whatever it is by 12 million is meaningless. If hey had premined 1 billion coins would the market cap be higher than BTC?

So if i make a coin premine 100% 1 billion coins and sell a single coin to someone for $1 does that make my coins market cap $1 billion? Just curious if thats how it works. Wouldnt trade volume and executed tradesbe a better indicator... i.e transacted value per day?

vabchgent

sr. member

Activity: 840

Merit: 251

Quote from: MinermanNC on December 14, 2014, 08:54:01 PM

Quote from: vabchgent on December 14, 2014, 08:49:49 PM

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

Appears the nomp is shutting down. and I had just decided to throw 50GH at for just for fun and giggles.... lol, Don't worry I am BTC all the way. Just had to try it.. Grin

This one still works

http://paycoin.minerpools.com/index.php

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: MinermanNC on December 14, 2014, 08:54:01 PM

Quote from: vabchgent on December 14, 2014, 08:49:49 PM

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

Appears the nomp is shutting down. and I had just decided to throw 50GH at for just for fun and giggles.... lol, Don't worry I am BTC all the way. Just had to try it.. Grin

Look at my math post above. You might be better off with NiceHash right now, while renters haven't caught up with the huge diff increase. If you want pure XPY, try http://paycoin.minerpools.com/

I_IZ_CEO

sr. member

Activity: 308

Merit: 250

CEO FlawMiners TM®

How many "last"'s does he have?

Quote

Josh Garza @gawceo · 2h 2 hours ago
Stay tuned for tomorrow, we saved the best for last

bitpop

legendary

Activity: 2912

Merit: 1060

Damn customers are pissed at the pool, many bans coming, it's like north Korea

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: vabchgent on December 14, 2014, 08:49:49 PM

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

Appears the nomp is shutting down. and I had just decided to throw 50GH at for just for fun and giggles.... lol, Don't worry I am BTC all the way. Just had to try it.. Grin

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: cryptofunk on December 14, 2014, 08:43:51 PM

Quote from: MinermanNC on December 14, 2014, 08:31:50 PM

guess they pulled the plug on nomp pool zero hash rate now...

One more fail?

Cue the jokes about manual reconciliation and frozen withdrawals and all that pleasantly familiar stuff from ZenCloud. But it will all be working perfectly in Paybase Grin

https://hashtalk.org/topic/23515

Quote

GAW_GM
Admin
Moderator
GAW Staff

Blocks 2-277 and pool.paycoin.org shutting down for good!

We are working through a manual payout for blocks 2-277. Manual payouts will be complete by midnight tomorrow.

As we are not public pool operators and several community pools have opened up we are shutting down this pool. All payouts will continue to happen and we will close down the pool tomorrow for good. We will wait for all shares to payout before taking down the pool servers.

A huge thank you to the community for creating PayCoin pools and other resources and for all of the reports regarding these payouts being stuck.

JMLite on IRC: I'm sure someone from GAW will see my logs here, even on a Sunday, they always do

. And usually there is a hashtalk post related to it in the morning. I just hope they figure it out and do the right thing, and that my day's work investigating into it helps out with the first 277 block missing coins issues for everyone.

Several responses to the paycoin pool thread. https://hashtalk.org/topic/23296/pool-paycoin-com-online

JMLite we are always here!

dekay

newbie

Activity: 14

Merit: 0

Quote from: suchmoon on December 14, 2014, 08:47:10 PM

I did some napkin math. It looks like at diff 300M and exchange rate at 0.03 BTC profitability is around 0.15 BTC per day per TH/s. Difficulty varies wildly from block to block, but now it seems to be reaching into 500-800M, so I'm guessing those rental prices will be coming down - e.g. NiceHash is now barely at break even point.

Just to put this into perspective - 0.15 BTC per day per TH/s is 10-12 times more profitable than Bitcoin, so it's a long way down.

i bitched out rootdude today btw guys go look bak a few pages

vabchgent

sr. member

Activity: 840

Merit: 251

Some people are starting to get poed the nomp pools were not paying out but the other ones were. I think I said that earlier.

Straight to the bottom
https://hashtalk.org/topic/23515/blocks-2-277-and-pool-paycoin-org-shutting-down-for-good/16

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Edit: I mean Paycoin profitability of course.

I did some napkin math. It looks like at diff 300M and exchange rate at 0.03 BTC profitability is around 0.15 BTC per day per TH/s. Difficulty varies wildly from block to block, but now it seems to be reaching into 500-800M, so I'm guessing those rental prices will be coming down - e.g. NiceHash is now barely at break even point.

Just to put this into perspective - 0.15 BTC per day per TH/s is 10-12 times more profitable than Bitcoin, so it's a long way down.

cryptofunk

sr. member

Activity: 372

Merit: 250

Quote from: MinermanNC on December 14, 2014, 08:31:50 PM

guess they pulled the plug on nomp pool zero hash rate now...

One more fail?

MinermanNC

legendary

Activity: 2198

Merit: 1000

guess they pulled the plug on nomp pool zero hash rate now...

dekay

newbie

Activity: 14

Merit: 0

so from the looks of it gaw gives charity might be fake? someone wanted to donate and then pc fan said cant find link and guy asking said there website was down

dekay

newbie

Activity: 14

Merit: 0

Quote from: dekay on December 14, 2014, 07:58:28 PM

Quote from: bitpop on December 14, 2014, 07:53:57 PM

Lol no one wants to be Josh

https://i.imgur.com/9XV1rgK.png

that made me laugh so hard that day this released and ceo ce0 o vs zero fcking priceless

those sick fucks wana sponsor children with paycoin even though its worthless yeeeesh reminds me of the starveing marvins south park episode with fat bitch eating all food hey have some shit coin itll make you feel better sorry you cant buy food with it

dekay

newbie

Activity: 14

Merit: 0

Quote from: bitpop on December 14, 2014, 07:53:57 PM

Lol no one wants to be Josh

https://i.imgur.com/9XV1rgK.png

that made me laugh so hard that day this released and ceo ce0 o vs zero fcking priceless

Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2165. (Read 3377945 times)