Tag: paycoin

PayCoin – The Next Big Scam In Crypto

What is paycoin? PayCoin (XPY) an altcoin backed by GAW miners, which is believed to be a scam, recently joined the Top 5 club of cryptocurrencies according to its market valuation on CoinMarketCap. At the time of valuation, PayCoin was also informally launched on 16th December with an initial investment of $54.5 million brought into the market. It is also believed that PayCoin is part of a ponzi scheme with …
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Why GAW Miners is a scam

What is GAW miners? In simple terms GAW miners is a cloud mining company. It offers “hashlets” which are digital cloud miners. They are available in 1 MH/s (Scrypt) or 10 GH/s (SHA256) slices and do not have an expiration date. They also sell hashstakers which is “the word’s first cloud staking wallet”. For coins using Proof of Share it allows for the staking of these coins in the cloud. Currently they …
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