Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)

Thanks for the explanation, was wondering what the 2 addresses paying to 1 address were for. I was looking at other addresses that signed up on the same day and tried to follow payments to their addresses 1 month later (give or take a couple of days), didn't find much of the same payment addresses, maybe some didn't complete the sig. Will look more into this when I have some time to play (not that I will find anything but hope to learn more about how blockchain/payments work).

Thanks again for the lesson, it was a valuable one for me

See my edit, I think I found the link to the 1P62 address. Not sure if that proves anything though. Do we now if that's really GAW's address and not e.g. a hot wallet at some exchange?

It might be interesting to try to cross link it to ZenCloud deposits and withdrawals, and also see if any anonymous pools (e.g. Eligius, NiceHash, CleverMining) are linked to it. Or to any newly generated coins.

Here's my original post on that address: https://bitcointalk.org/index.php?topic=857670.msg9610951#msg9610951

I don't think it's an exchange because 99% of the payments being sent are below 0.001 btc.

Many payments sent to 1P6 can be traced directly back to 1P6 but some just lead to addresses with a bunch of unintelligible inputs. I'm not sure if they are using a mixer but it does seem deliberately confusing. Still I've never found a single payment that came from newly generated coins.

Because there arent any newly minted coins. If there is mining occuring its way lower power than quoted. it'll go to a seperate private address as its personal mining profits hidden from public. All payouts will be confusing to follow as peoples cash are paying others payouts.

lets do rough calculations on no mining and payouts on 1 x 1mhz prime @ $40 @ 370$ per btc on zen pool without boosts
customer buy 1 x prime = 1 / 370 * 40 = 0.108btc
daily payout = 0.00030879 - 0.000216 (8c maintenance) = 0.00009279 btc
days of payouts on 1 prime sale = 0.108 / 0.00009279 = 1163 days
days extended payouts on market sale @ 10% (buy +sell) @ 40$
40*0.1=4.
convert to btc = 1/370*4=0.0108
convert to days at 0.00009279
0.0108/0.00009279=116 days

Each sale extends the prime life and liabilty of the company by 116 days. constant sales keep it profitable and ahead of payouts.

Is that the secret sauce case cracked? Need someone to double check numbers. Remember maintenance covers hosting, repairs electricity so dont argue about other costs. legal dev etc are a company take on expense. we were sold mining as mining NOT a company share. Miners should be exempt from those costs and workings.