I'm surprised that the hash rate on EMC hasn't dropped at all.
You don't expect to have their farm in their offices and registered under the same company name right? But I hope someone will tip FTC about EMC!
Enter HashTrade, not to mention NimbusMining, Netsolus, LiquidBits and Coinware.
Sonny Vleisides' personal site, and not BFL's: https://web.archive.org/web/20130625050854/http://sonofodi.weebly.com/According to
https://www.blocktrail.com/address/1Hq2t6dJcxqZjGda919p4c4tmopNRLciAJ, Sonny Vleisides' bitcoin wallet address -
1Hq2t6dJcxqZjGda919p4c4tmopNRLciAJ - used to garner sales for bitcoin miner chips didn't pay any mining fees as shown below:
Yet, with one of my old wallets I doled out 0.0035 BTC for the privilege of sending a lot less fewer bitcoins...
The following is all four transactions for the
1Hq2t6dJcxqZjGda919p4c4tmopNRLciAJ address used by Sonny Vleisides for the supposed sale of bitcoin mining ASIC chips -
https://blockchain.info/address/1Hq2t6dJcxqZjGda919p4c4tmopNRLciAJAll the bitcoins that flowed to
1Hq2t6dJcxqZjGda919p4c4tmopNRLciAJ (BFL's or Sonny Vleisides' personal account) went to
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs shown above, including the scant amount - 0.01001691 BTC - from
17HSPT3bhYE1rhrwAhi8k6GCGGXRdQimY7 and the 59.9273 BTC from
1DiPE4TnBczmPVoy53tffrd1iNPq87B3PB, the latter seen here:
https://blockchain.info/tx/827063279c43c50c3f4c690dbf491071386d80068115f48d0beee7e80b4c7f2f.
Revisiting the
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs bitcoin wallet address, the following image depicts
0 BTC tx fees paid when
HashTrade supposedly paid BFL via BitPay that infamous million-dollar down payment for their multi-million dollar order of Monarchs as the press release reveals here:
http://www.prweb.com/releases/2013/10/prweb11283333.htm.
BF Labs, Inc. Processes $1 Million Bitcoin Merchant Transaction for Institutional Bitcoin Mining Hardware Purchase
Butterfly Labs Announces $1 Million Down-Payment on Multi-Million Dollar Order for Next Generation Bitcoin Mining Hardware. Deposit will help enable production of innovative 28nm Monarch card.
">https://blockchain.info/tx/1b6ea350c094071412df1f801651263fd65ffa0b89ad6c8626ceeca8755f50bc>According to the
press release, the $1M USD that
HashTrade supposedly paid BFL stemming from
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs was paid to BitPay's wallet address
16fus1FKurpDmPtEZLGbg7vRYtH2TEFbYf.
ONLY 16 hours later, that same $1M USD equaling 5,562.354 BTC had 437.646 BTC added to it, and a new wallet -
1EXDF4fvjRozJ96TjF4SPN7rbTx2ik6Dsd - was created to store 6,000 BTC that has been untouched to this very day, as seen here:
https://blockchain.info/tx/ff0fb375a2375b2b9ee7e8daa5759085d8fe8cd85280a97b1dfbb14005f36153, and further illustrated with...
Again, nary a tx fee was paid to the miners, proof with the following:
Note the confirmation time: Only ~11 minutes to get the tx confirmed with nary a fee. I say that's an impossibility for
HashTrade to transfer a million dollars worth of BTC to BFL via BitPay if they do indeed maintain the
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs bitcoin wallet address, of which I'm 100% confident they DO NOT!
BFL/Sonny Vleisides owns the
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs bitcoin wallet address, as well as the
1EXDF4fvjRozJ96TjF4SPN7rbTx2ik6Dsd BWA, for all the bitcoins that make up the 437.646 BTC to round the wallet up to 6,000 BTC also stemmed from BFL.
BitPay may very well control the
16fus1FKurpDmPtEZLGbg7vRYtH2TEFbYf BWA used to funnel the infamous $1M USD from supposedly
HashTrade to BFL, but, again, I contend that said funds were redirected back to BFL's control via parameters they set on their BitPay account.
The only thing that puzzles me now is how if BitPay was used as the payment service provider for the $1M USD transaction, why were no tx fees accrued?
To recap...Sonny Vleisides owned the
1Hq2t6dJcxqZjGda919p4c4tmopNRLciAJ BWA.
Thousands of transactions from BFL ended up going to
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs.
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs was claimed to be owned by HashTrade to pay the $1M USD down payment for BFL Monarchs.
The $1M USD payment from
1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs plus other transactions stemming from BFL totally 6,000 BTC went to the
1EXDF4fvjRozJ96TjF4SPN7rbTx2ik6Dsd BWA after one hop, supposedly BitPay's
BWA 16fus1FKurpDmPtEZLGbg7vRYtH2TEFbYf.
http://www.hashtrade.com/about.htmlCoinWare and HashTrade have received substantial venture capital investment from the Jacobson Brothers, in order to help establish these emerging businesses, ensure that they have a strong foundation and secure all the capital equipment necessary to deliver the data processing services that the different business models require. The Jacobson brothers own the Canadian Bitcoin Embassy and the Miami Bitcoin Embassy, both entities that the
Bitcoin Development Fund donated 25 BTC to, of which they, too, have yet to liquidate as seen here:
https://blockchain.info/address/1LAT5Zzf12cZqDy86ee2mcWhNZpk9DLf1D. Furthermore, I can easily show other BFL moneys flowing to this very address, not to mention from pools closely aligned with BFL.
All that said, which Bitcoin-themed periodical is going to be the first to publish this revelation? And, why haven't nary a one uncovered any of this before?
~Bruno Kucinskas