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Board Service Discussion
Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
jimmothy
on 21/11/2014, 09:46:11 UTC
Well, it was a wallet that had 117 Bitcoin in it 8 hours ago, and passed the change around as it paid out that 117 bitcoin down to the 7 that your payout came from.  So the wallet simply seemed to have had only one input to use, since it put the change in every transaction from the original 117BTC.

I landed here: https://blockchain.info/address/1CMzmz9DjVLU7BpR8t912BE27LrAG6NtBB

One of the inputs has an adress linking to here: https://p2pwallet.cc/wallet

Being unable to take anything at face value I had to follow the coins for myself and a whopping 30 minutes later I came to the same wallet.

I don't think the p2pwallet payment is important being that it's only $0.02. (could just be blockchain advertising)

But from that address it's only a few more hops until you reach 18Yrkm5cRqT1MiqwAUBDcN64hWb1pLutsW which receives it's BTC from 1P62VZZ9kL97dzzcWhG7JZDssaW2MDgn82.

Following the trail I noticed that there are tons of addresses receiving miniscule amounts of btc (less than 0.0005).

This seemed strange considering the withdrawal fee is 0.0001 so I decided to follow the btc.

Look at these addresses:

https://blockchain.info/address/1FvFfnuMxYnaiKMBuRNdcEYkPoQMGx7Cg5
https://blockchain.info/address/1MCGWXnKEgKCSfmZcK67gg1k3gWdbwhfvK
https://blockchain.info/address/1CqBSkWkoxRJv1YMxZVkn2G2iMHxGva7RF
https://blockchain.info/address/1M6m9Lh9XtYsKbfPYcm7Bm9FJ186FJZU9d
https://blockchain.info/address/18iTDLS7qT72KkWXC9s8bWfe8cTu7vnQ1o
https://blockchain.info/address/19LusNnuBSaK9P1w18aXboqHeuPyhHEob4

You will notice they have all have two things in common, they all receive BTC from GAW, and they send transactions with large groups of inputs which also received btc from GAW.

For example look at https://blockchain.info/address/1CqBSkWkoxRJv1YMxZVkn2G2iMHxGva7RF

Most of the payments were ~0.0002 btc which means they paid 1/3rd of their earnings in transaction fees. (GAWcharges 0.0001 btc per withdrawal)

I asked myself why would anyone (or what looks like multiple people) want to waste 33% of their earnings to spread out the btc over multiple addresses, only to later combine the btc and send it to a single address.

The conclusion I came to was that no rational person would do this.

So who would do this and why?

The only explanation I can think of is that the suspicious transactions/addresses are all fake in order to make following the BTC very difficult and/or make it seem like a shitload of people are using GAW's service.

To test this theory I decided to see if any of the btc made a full loop and sure enough it did.

If you go to the origin address https://blockchain.info/address/1P62VZZ9kL97dzzcWhG7JZDssaW2MDgn82

First you will notice that none of the received btc originate from mining.

Second you will notice that the BTC 1P6 receives comes from a shit ton of addresses which received their BTC from none other than 1P6.

TLDR:

- No BTC originating from mining
- hundreds of fake addresses receiving payouts which are almost immediately sent back to the origin address