Topic: GPUMAX | The Bitcoin Mining Marketplace (Read 215511 times)

Fuck it. Locked. Just let this nonsense die once and for all.

GPUMAX has nothing to do with BS&T's operation. Like I've said before, coins are coins and I manage all of my wallets from a single location.  I fund the payment wallet for GPUMAX using one of my operating wallets, so the coins can come from anywhere.

I'll take 10%. Offer only valid today

If you're going to take pirate's name I want you to give me my coins back

Nobody did... I hope.

Come on, is the name calling necessary?

But yes, it is an obvious troll and he's not funny.

thats a differnt pirate moron

What have you been up to?  Did the IRS or SEC ever contact you?

witnessed

Yes, Pirate logged in on the 17th of January this year...

Read the OP? It isn't like it was a secret.  Many people think that is how he laundered the coins.

wait pirate ran it?

he logged in jan 13

Are you high? Posting this question in here?

are GPU's going to switch to LTC mining when BTC difficulty makes btc mining unprofitable?

EDIT: if it survives I guess

From what I've learned, Shavers started getting less and less involved with GPUMax the more BTCST went up, around the time when PPT started to appear. Still, I'm completely mindfucked as to why he started a legit business where he probably invested a chunk and start a complete scam at the same time. Starting a real business is already hard and risky, I really don't see the logic there. Yeah, he "made money" with BTCST, but the cashflow is dead now and there's no assets. Government agencies are investigating and all his business relations are dead. All this for a pile of money?

Anyway, the door is now wide open for Coinlab and they couldn't ask better.

Well written and well said Brunic. I think there were quite a few of us who thought/felt the same way about GPUMax, IE "He wouldn't be stupid enough to run his superior position by running off with the btc.." What ultimately suckered me into moving beyond just mining there to investing with BTCS&T was GPUMax, and the length of time they both survived.

It will be interesting to hear, at some point, the 'real' story about what happened and why it went south, because, imho, it could still be around and making money if not for greed.

R.I.P.

Site is now down......it was a fun ride. 


My final stats:  over 150,000,000 shares managed through the service. 


I am disappointed it is over. 

Yeah, it could also be used for that, but it had the potential to be a lot more.




Because I taught that GPUMax was worth a LOT more than BTCST. It's hard to say how things were executed behind the scenes of GPUMax, but on the outside, GPUMax was in an awesome position. There is currently around 50 000 high-end GPU mining for BTC right now, and GPUMax had access to a good chunk of them without any competition. GPUMax had a monopoly on these GPU, and on the flick of a switch, could have make them calculate whatever the customer asked for. For me, GPUMax was the golden goose and BTCST was a sideline. Usually, you don't kill the golden goose by running a scam.

My error was to overestimate GPUMax, who seems that it wasn't more than a coin laundry. But man...I still can't believe how somebody can be so stupid to waste potential like that. I lost money, but I'll recover, I didn't invest more than I was willing to lose. The biggest loser is pirate, who cannot seize that business opportunity again. The scammer scammed himself first.

And I'm not the only one who saw that opportunity, I've talked to a couple of other members, and some of them saw a similar business opportunity. Thinking that the founder of GPUMax couldn't see that gold mine he built himself because his head was deep down into scam dimension is an epic fail.

*EDIT*
I just want to say that I have confirmation that the goal of GPUMax wasn't to make a coin laundry. It seems that my call on GPUMax is pretty spot-on and that Trendon Shavers is one of the dumbest guy on earth. He effectively killed the golden goose.

GPUMax was an amazing coin laundry 

Honestly why?
At the point of the collapse, BTCST needed ~5000BTC or ~$75000 per day to legitimately meet the interest burden.
If they actually were ever running a legit business, they wouldn't need to borrow money at those rates.

Looking at the timings, it was either a straight ponzi, or a zeek rewards (ponzi) passthrough. Nothing more, nothing less.