Quote from: KimNam on June 12, 2014, 10:53:50 AM

Quote from: dyask on June 12, 2014, 09:45:16 AM

Quote from: KimNam on June 12, 2014, 07:11:05 AM

Quote from: dyask on June 12, 2014, 07:03:35 AM

Well it would be a simple matter for them to show a wallet where bitcoin awards are sent too if they are really mining. Has that been done?

nope, they never showed us either their mining hardware photos, pool that they use for mining or coins generated from their mining
many users aksed it since 3-4 months ago and they always denied it, they said that they have personal reason to do that Sad

as i see, their weekly payment is not from newly generated coin, it was from mixing coins, so we can't track from where their coin was generated
so, it is possible from their users payment / purchased GHS Grin

Sounding more and more like a Ponzi scheme. As long as they have more buyers and the buying covers the weekly award, all is fine.

yeah many people thought like that
you can see their comment here : https://bitcointalk.org/index.php?topic=484355.0
with many reasonable calculations too about their operation
total hashrate = 695 TH/s, but we didn't see 1 hardware at all Grin

i remembered this, when i read your comment, just scroll down to the pictures:
https://bitcointalk.org/index.php?topic=467587.0;all

i thought it was hilarious what they did against this scammer guy. quite good advertising technique too, i must say