The sad thing here is
People are borrowing for this
People are planning to retire at 16
People are using their college money
People are banging out their credit cards
When this is over some will be homeless, divorced, ruined credit, in debt, etc.
When gox was going down there were people in the IRC i was in, borrowing money to buy BTC from GOX for 100$ and I think it went down to about 97ish$, thinking they were going to hit the jackpot..
It didn't end well for them and I haven't seen them for a while, maybe some jumped a bridge or something.
Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2383. (Read 3377790 times)
November 27, 2014, 02:19:43 AM
November 27, 2014, 01:29:29 AM
Man are they just saying all this confusing shit on purpose? so it is so hard to follow whats going on nobody knows if their getting scammed or not? LMAO good stuff...gaw never lets us down in the entertainment part 
November 27, 2014, 12:26:03 AM
This is interesting:
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.
It's still an odd setup - you have a SHA256 coin that can't be mined with a SHA256 hashlet, but can be mined with the pseudo-Scrypt hashlets. Or are you saying they would make HP Pool an option for Genesis?
Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.
Quote
GAW_CEO
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
It's almost as if they're completely making shit up as they go along.
+101 ...LOL...
ZiG
November 27, 2014, 12:19:25 AM
It's almost as if they're completely making shit up as they go along.
This has been pretty clear since day one that Primes will be able to do things other hashlets can't. If GAW allowed Genesis to mine the coin it would have been throwing the users a bone. It's not surprising that this was a mistake to be added to the questions since it's been well known that ONLY PRIMES can mine the coin post launch.
But if outside SHA256 miners can mine it, and it's sufficiently profitable, then any home miner and other cloud services could take advantage of it, but GAW's own SHA256 miners couldn't? That would be really odd.
Edit: Primes can still have their 5:1 advantage or 40 GH/s or whatever it was supposed to be. And there is still the whole "TBA" regarding Prime Controllers and how it connects to Prime Hashlets (they should really rethink naming, no need to have the same name for two completely different concepts).
hero member
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November 27, 2014, 12:19:04 AM
I was talking about crypto as a whole, it will either die a fad or go mainstream
and what part of me being able to buy a coffee in my local cafe - with Bitcoin - is not already mainstream?
BTC is already mainstream, it is merely the greed which people hide behind that insists on them wanting more.
Josh insists that his shitcoin is going to put cryptocurrency into the mainstream.
I say, he trying to sell a clone of something which already has such successes.
from what I gather, the Paycoin protocol is a simple ripoff of the Mastercoin protocol.
there is nothing new here.
However, I did not know that it BFL was under criminal charges, this is news to me, and the same, with MtGox. I had thought they were under civil indictments.
Perhaps sometimes, when you live in a land which confuses criminality with civil complaint, it's easy to make that mistake.
"I can't breathe"
Fair enough, and forgive me if you felt i was insinuating that you were greedy in any way, this was not my intent. I do think that there is a long way to go before we see mass acceptance, but I'm not sure it will ever be in my lifetime. I am confident that it will happen, but there is - fortunately for those of us on the greyer side of the barber seat, something slightly encouraging that small retailers are happy to accept Bitcoin. It's enough for me, and it's a starting block to build on. Every day the technology behind Bitcoin in improving and there are easier ways to use it as a spendable currency. Understanding is another obstacle which needs to be overcome, and simply designing a clone, or piggy-backing on an already designed protocol to create a competitor to Bitcoin is in no way going to help cryptocurrencies in any way. Instead of trying to out-Bitcoin Bitcoin, GAW should have concentrated on building what is already available. The Mastercoin protocol is a great idea for things like loyalty coupons and company-specific rewards programs, but to try and start from scratch, something new which they think will outperform the 'old original' is very narrow minded, and will do more harm, than good.
Again, speaking personally, i'm quite content at where BTC is at the moment - the price is good - the availability of it is good - and my undetstanding of it (though not total) is also good enough for me. For that reason, i'm going to stick with what I have 1BTC = 1BTC but 1PAYCOIN = 1GAWPROFIT and not much else.
I tell people to diversify and that's what I am doing because keeping all your eggs in one basket is too risky.
yeah, i'm not usually so against entrepreneurial endeavours, it's good to see new businesses evolve in the crypto-world, however... the one word that gives me the heebie-jeebies in your comment is 'monopoly'. For that single reason, which is evidently the purpose of GAW, it's not something that I would consider, and for that reason alone, is why I will continue to actively persuade people not to put money into this. It flies in the face of everything that cryptocurrencies stand for.
you are 100% right buddy! if there is going to be a monopoly in crypto currencies then there is no point to adopt crypto currencies. just stick with our bank !!
November 27, 2014, 12:17:50 AM
We're all waiting for confirmation on how to mine outside of GAW, but we've been told that outside miners will be able to do it. Along with hosting Prime and Orion controllers.
The initial question was whether Genesis hashlets could mine the coin, which we know cannot be pointed to an outside pool. Primes will be able to mine them at an unknown rate, but nobody knows how or when outside SHA miners can mine the coin.
On a related note, do we have a block reward schedule (the one based on thermodynamics?) If so, how does the Prime controller fit into all this where it can "create more coins based on demand" or some such?
The initial question was whether Genesis hashlets could mine the coin, which we know cannot be pointed to an outside pool. Primes will be able to mine them at an unknown rate, but nobody knows how or when outside SHA miners can mine the coin.
On a related note, do we have a block reward schedule (the one based on thermodynamics?) If so, how does the Prime controller fit into all this where it can "create more coins based on demand" or some such?
I thought there was going to be another white paper revision with some more details in it? Maybe I made that up though.
November 27, 2014, 12:16:44 AM
This is interesting:
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.
It's still an odd setup - you have a SHA256 coin that can't be mined with a SHA256 hashlet, but can be mined with the pseudo-Scrypt hashlets. Or are you saying they would make HP Pool an option for Genesis?
Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.
Quote
GAW_CEO
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
It's almost as if they're completely making shit up as they go along.
November 27, 2014, 12:13:11 AM
It's almost as if they're completely making shit up as they go along.
This has been pretty clear since day one that Primes will be able to do things other hashlets can't. If GAW allowed Genesis to mine the coin it would have been throwing the users a bone. It's not surprising that this was a mistake to be added to the questions since it's been well known that ONLY PRIMES can mine the coin post launch.
November 27, 2014, 12:08:46 AM
Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.
We're all waiting for confirmation on how to mine outside of GAW, but we've been told that outside miners will be able to do it. Along with hosting Prime and Orion controllers.
The initial question was whether Genesis hashlets could mine the coin, which we know cannot be pointed to an outside pool. Primes will be able to mine them at an unknown rate, but nobody knows how or when outside SHA miners can mine the coin.
On a related note, do we have a block reward schedule (the one based on thermodynamics?) If so, how does the Prime controller fit into all this where it can "create more coins based on demand" or some such?
November 27, 2014, 12:01:55 AM
This is interesting:
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.
It's still an odd setup - you have a SHA256 coin that can't be mined with a SHA256 hashlet, but can be mined with the pseudo-Scrypt hashlets. Or are you saying they would make HP Pool an option for Genesis?
Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.
Quote
GAW_CEO
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
It's almost as if they're completely making shit up as they go along.
November 26, 2014, 11:51:23 PM
This is interesting:
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.
It's still an odd setup - you have a SHA256 coin that can't be mined with a SHA256 hashlet, but can be mined with the pseudo-Scrypt hashlets. Or are you saying they would make HP Pool an option for Genesis?
Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.
Quote
GAW_CEO
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
Admins
Global Moderator
Industry Innovator
@Full-Metal-B*tch said:
@GAW_CEO said:
Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
Also, how long is the POW stage and POS stage?
Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated
November 26, 2014, 11:45:29 PM
This is interesting:
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.
November 26, 2014, 11:05:26 PM
This is interesting:
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
Quote
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.
November 26, 2014, 10:58:14 PM
Answers:
https://hashtalk.org/topic/20020
There are some interesting bits but some majors ones were left unanswered, like how Prime Controllers or Orion Controllers will benefit users.
https://hashtalk.org/topic/20020
There are some interesting bits but some majors ones were left unanswered, like how Prime Controllers or Orion Controllers will benefit users.
Quote
Q: What FIAT currencies will be available in HashBase?
A: FIAT conversions will be available via PayBase and may be available via HashBase through an exchange API. Conversions will start with USD first, then move to other currencies.
Q: Do I need to get verified to trade PayCoin and Bitcoin for FIAT on PayBase?
A: PayBase will follow all local regulations and AML compliance laws. Verification will be required and KYC policies will be in place.
Q: What is the relationship between Prime Hashlets and Prime Controllers and how will the miners benefit?
A: TBA
Q: How will HashPoints be converted to PayCoin?
A: Upon the end of the second ICO round, all HashPoints will be automatically converted to PayCoins.
Q: Will Hashpoints disappear or will they still exist and used for AMPS?
A: HashPoints will be completely phased out upon conversion. All amps inside HashBase will be purchased with PayCoins.
Q: Can we buy Hashlets from the HashMarket with PayCoin?
A: Upon the full release and integration with PayBase you will be able to purchase all GAW products with PayCoins.
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Q: How will AMPS for other hashlets be purchased?
A: All AMPS in the HashBase Amp Store will be bought with PayCoins.
Q: Is POS for PayCoin only in Hashbase or also in a wallet on my PC?
A: Both. PayCoin is an open decentralized cryptocurrency. Anyone can download a wallet and participate in the PayCoin network to earn a share of the network stake.
Q: Can I use HashPoints or PayCoins to upgrade a poorly performing hashlet, or any hashlet, to any other hashlet or a HashStaker?
A: Yes, the HashBase AMP store will include upgrade paths for hashlets and more.
Q: Can you buy hashlets with HashPoints at some later date?
A: HashPoints will be deprecated once the conversion happens. Hashlets will be purchasable with BTC until the integration of PayCoin.
Q: What will be the price of the Orion Hashlet and what are the advantages?
A: TBA
Q: What exchanges are going to list Paycoins, & when?
A: Most major exchanges will begin trading Paycoins mid-December to January.
Q: Will merchants accepting PayCoin be US-only or worldwide?
A: Worldwide online retailers will accept PayCoin directly or through third party payment processors upon launch. Other retailers and brick-and-mortar merchants will follow worldwide.
Q: After ICO round 2 how long do we have to wait to start exchanging our PayCoins?
A: PayCoin exchanges are expected to come online mid-December to January.
Q: Nowadays the payout of HashPoint Pool has a correlation with BTC value. Will PayCoin be completely independent of the valuation of BTC in the future?
A: PayCoin value will be what the market determines it to be. The value will have an exchange rate to BTC, but will be independent of BTC’s value.
Q: Will we be able to transfer our HPs to other users?
A: No. After the conversion from HashPoints to PayCoins, users will be able to transfer PayCoins to other users.
Q: How do we get the PayCoins if ICO Round 2 begins and ZenCloud is still in use?
A: The HashPoint pool and HashPoint mining have been extended to allow extra time for customers to ramp up their HashPoints before the PayCoin conversion.
Q: How many days will we be able to buy PayCoins with HashPoints for the initial conversion rate?
A: All HashPoints will be automatically converted to PayCoins. Everyone will receive the same rate for the conversion.
Q: Once we convert out HashPoints for PayCoins, how long will it be before we can buy hashlets with it?
A: Mid-December.
Q: How do we get a HashBase card like the one in the picture, which said HashPass on it?
A: This will be announced and a limited beta group will be invited to receive the first cards.
Q: How will we fund and use the HashBase card?
A: The HashBase card will work the same as any credit/debit card. Funding will be done through PayBase or through HashBase via a PayBase API.
Q: Will "Safe Fund" be implemented in the HashBase interface?
A: This is a planned feature for PayBase with integration to HashBase.
Q: Will HashBase begin accepting DOGE and LTC payments like GAWMiners?
A: We have not decided this yet. Let us know your thoughts!
Q: I read in the White Paper (Page 11, footnote 4,) that wallets or addresses can be destroyed? This sounds like a serious concern.
A: This was a verbage issue from our technical writers. The correct statement should read with added clarification: “PayCoin™ employs additional measures to prevent network abuse by micro transaction spam. Addresses sending multiple micro transactions smaller than the network fee may be declined transaction processing for a set period of time. All transactions considered invalid, where the transaction amount is less than the network fee, will be declined.”
Q: What will the pool payouts for Paycoin/MH of Primes?
A: TBA
Q: Do I need to sign up for HashBase upon launch, or will my ZenCloud account be ported over to HashBase without needing to do anything?
A: Our technical team has stated that there will be a full migration of accounts from ZenCloud to HashBase. Users will simply have to login to HashBase to activate their new account.
Q: What about 2FA?
A: Please see this post: https://hashtalk.org/topic/19189/more-than-just-a-new-coin
Q: What will happen to the Old PayCoin PYC on exchanges?
A: We will work directly with our exchange partners regarding trading symbols and exchange listings.
Q: What will the new symbol be on exchanges?
A: A: We will work directly with our exchange partners regarding trading symbols and exchange listings.
Q: Can we get an exact conversion figure? Hashpoints to PayCoin?
A: The exact figures will be announced prior to the conversion once our systems are setup to perform the migration from HashPoints to PayCoins.
Q: Will HashPoints mined after the 24th (assuming availability of the pool) convert at the same ratio?
A: HashPoints mined at any time will be converted at the same rate.
Q: Will the payment cards, (credit or debit,) on HashBase be FIAT or PayCoin card? Visa or Mastercard?
A: The details of the card will be announced at a later date.
A: FIAT conversions will be available via PayBase and may be available via HashBase through an exchange API. Conversions will start with USD first, then move to other currencies.
Q: Do I need to get verified to trade PayCoin and Bitcoin for FIAT on PayBase?
A: PayBase will follow all local regulations and AML compliance laws. Verification will be required and KYC policies will be in place.
Q: What is the relationship between Prime Hashlets and Prime Controllers and how will the miners benefit?
A: TBA
Q: How will HashPoints be converted to PayCoin?
A: Upon the end of the second ICO round, all HashPoints will be automatically converted to PayCoins.
Q: Will Hashpoints disappear or will they still exist and used for AMPS?
A: HashPoints will be completely phased out upon conversion. All amps inside HashBase will be purchased with PayCoins.
Q: Can we buy Hashlets from the HashMarket with PayCoin?
A: Upon the full release and integration with PayBase you will be able to purchase all GAW products with PayCoins.
Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.
Q: How will AMPS for other hashlets be purchased?
A: All AMPS in the HashBase Amp Store will be bought with PayCoins.
Q: Is POS for PayCoin only in Hashbase or also in a wallet on my PC?
A: Both. PayCoin is an open decentralized cryptocurrency. Anyone can download a wallet and participate in the PayCoin network to earn a share of the network stake.
Q: Can I use HashPoints or PayCoins to upgrade a poorly performing hashlet, or any hashlet, to any other hashlet or a HashStaker?
A: Yes, the HashBase AMP store will include upgrade paths for hashlets and more.
Q: Can you buy hashlets with HashPoints at some later date?
A: HashPoints will be deprecated once the conversion happens. Hashlets will be purchasable with BTC until the integration of PayCoin.
Q: What will be the price of the Orion Hashlet and what are the advantages?
A: TBA
Q: What exchanges are going to list Paycoins, & when?
A: Most major exchanges will begin trading Paycoins mid-December to January.
Q: Will merchants accepting PayCoin be US-only or worldwide?
A: Worldwide online retailers will accept PayCoin directly or through third party payment processors upon launch. Other retailers and brick-and-mortar merchants will follow worldwide.
Q: After ICO round 2 how long do we have to wait to start exchanging our PayCoins?
A: PayCoin exchanges are expected to come online mid-December to January.
Q: Nowadays the payout of HashPoint Pool has a correlation with BTC value. Will PayCoin be completely independent of the valuation of BTC in the future?
A: PayCoin value will be what the market determines it to be. The value will have an exchange rate to BTC, but will be independent of BTC’s value.
Q: Will we be able to transfer our HPs to other users?
A: No. After the conversion from HashPoints to PayCoins, users will be able to transfer PayCoins to other users.
Q: How do we get the PayCoins if ICO Round 2 begins and ZenCloud is still in use?
A: The HashPoint pool and HashPoint mining have been extended to allow extra time for customers to ramp up their HashPoints before the PayCoin conversion.
Q: How many days will we be able to buy PayCoins with HashPoints for the initial conversion rate?
A: All HashPoints will be automatically converted to PayCoins. Everyone will receive the same rate for the conversion.
Q: Once we convert out HashPoints for PayCoins, how long will it be before we can buy hashlets with it?
A: Mid-December.
Q: How do we get a HashBase card like the one in the picture, which said HashPass on it?
A: This will be announced and a limited beta group will be invited to receive the first cards.
Q: How will we fund and use the HashBase card?
A: The HashBase card will work the same as any credit/debit card. Funding will be done through PayBase or through HashBase via a PayBase API.
Q: Will "Safe Fund" be implemented in the HashBase interface?
A: This is a planned feature for PayBase with integration to HashBase.
Q: Will HashBase begin accepting DOGE and LTC payments like GAWMiners?
A: We have not decided this yet. Let us know your thoughts!
Q: I read in the White Paper (Page 11, footnote 4,) that wallets or addresses can be destroyed? This sounds like a serious concern.
A: This was a verbage issue from our technical writers. The correct statement should read with added clarification: “PayCoin™ employs additional measures to prevent network abuse by micro transaction spam. Addresses sending multiple micro transactions smaller than the network fee may be declined transaction processing for a set period of time. All transactions considered invalid, where the transaction amount is less than the network fee, will be declined.”
Q: What will the pool payouts for Paycoin/MH of Primes?
A: TBA
Q: Do I need to sign up for HashBase upon launch, or will my ZenCloud account be ported over to HashBase without needing to do anything?
A: Our technical team has stated that there will be a full migration of accounts from ZenCloud to HashBase. Users will simply have to login to HashBase to activate their new account.
Q: What about 2FA?
A: Please see this post: https://hashtalk.org/topic/19189/more-than-just-a-new-coin
Q: What will happen to the Old PayCoin PYC on exchanges?
A: We will work directly with our exchange partners regarding trading symbols and exchange listings.
Q: What will the new symbol be on exchanges?
A: A: We will work directly with our exchange partners regarding trading symbols and exchange listings.
Q: Can we get an exact conversion figure? Hashpoints to PayCoin?
A: The exact figures will be announced prior to the conversion once our systems are setup to perform the migration from HashPoints to PayCoins.
Q: Will HashPoints mined after the 24th (assuming availability of the pool) convert at the same ratio?
A: HashPoints mined at any time will be converted at the same rate.
Q: Will the payment cards, (credit or debit,) on HashBase be FIAT or PayCoin card? Visa or Mastercard?
A: The details of the card will be announced at a later date.
November 26, 2014, 10:54:47 PM
Apparently proof of mining is coming from a respected third party.
https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
Please please please don't be someone unfamiliar with crypto.https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
"We visited GAW's mining facilities and can confirm once and for all that they have a lot of machines" - wsj blogger
"They even reviewed detailed information about our mining center to validate our mining". Nobody visited anything as far as I can understand.
November 26, 2014, 10:39:48 PM
coinbrief
Quote
Dustin O'Bryant
November 5, 2014 at 2:16 pm
Yes, I am aware of some questions about GAW that have arisen since the HashCoin whitepaper was released (there were murmurs before, but it is getting heated now). Obviously, my analysis here was not accurate, as they have taken this in a completely different direction, and I will be covering the developments as soon as I have a chance.
After GAW’s early success with hardware, and consistent ability to crush their competition, I had a lot of faith in them. That being said, I’m not so sure anymore.
November 5, 2014 at 2:16 pm
Yes, I am aware of some questions about GAW that have arisen since the HashCoin whitepaper was released (there were murmurs before, but it is getting heated now). Obviously, my analysis here was not accurate, as they have taken this in a completely different direction, and I will be covering the developments as soon as I have a chance.
After GAW’s early success with hardware, and consistent ability to crush their competition, I had a lot of faith in them. That being said, I’m not so sure anymore.
November 26, 2014, 10:21:22 PM
Interesting, this should push them up in cloud mining rankings. At least the ones that count transparency.
November 26, 2014, 10:08:02 PM
Apparently proof of mining is coming from a respected third party.
https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
Please please please don't be someone unfamiliar with crypto.https://hashtalk.org/topic/20006/media-validation-of-gaw-mining
"We visited GAW's mining facilities and can confirm once and for all that they have a lot of machines" - wsj blogger
This link is broken. Can you guys provide working source?
November 26, 2014, 10:00:44 PM
How´s the world´s best paying pool doing ? Any progress in the
negotiations ?
negotiations ?
Today rates are 0.00033943 BTC/Mhs
Yeah, Zilch. What a surprise.
What happened to it will soon be at prior levels or even higher ?
What does soon mean ? Does is mean is or something else ?
Maybe I didn´t even have sex with that woman if I convince
enough brain dead idiots that I didn´t.
OK, it´s acceptable if the instrument is selling at .01.
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