I have a function is Queensland tomorrow not to far from Payonix, I will stay for Monday and go and watch this live demo in person. Should be interesting indeed. I wonder if they will allow photos to be taken?
Well if you do - make sure they point it at Eligius and mine there.
I'll ask the Eligius pool operator to verify the results also.
There also is no reason to not do this and no reason to do any other pool/solo/whatever.
Ok, I will request them to point to Eligius, unless they have a reason they cant but should be interesting to see what happens.
Don't forget they have the 1 hour of Q&A as they stated, lets see if that happens.
I'm also going to the bundall site to see if there is a shopfront underway there also. can take some pics.
Whats to stop them pointing anyone else's miner at Eligius and pretending its theirs?
What if they've got 3 KnCMiner boxes in the other room, and the sum total of those is 1.5 TH.. and they point them all to the same address at Eligius? won't the results look the same as if they had their own 1.5 TH miner running in front of you?
Yes - but the point is they will need to have 3 KnC's to do that.
Anyway, it's one step in the process of proving themselves.
If they are unable to do this, then of course it simply does mean they don't have the hardware.
If they ARE able to do this, then it means they have X TH/s of mining hardware.
It's a simple step to either succeed and thus mean it could be possible, or fail and thus it clearly is a scam
They said they've had hardware mining for a week, so there is no excuse for not being able to leave it mining for a few hours to prove itself.
Of course they could have done this already, so they are only shooting themselves in the foot not doing it ... or they can't ...
i.e. they need to provide a demo of 1.x TH/s mining on Monday (provable 1.x TH/s)
The company papers includes the address of one of them, and google street view shows an out of focus but guessable number plate (yep google made a mistake) of the white 4WD in the driveway.
Since he's the 100% shareholder of payonix, and payonix is who has received the money, this makes him accountable for it.
Here's the blurred by google image