Hashtaker Question And Answers With GAWCEO; January 2015 on a collection of curious characters and interesting events

This is a question and answer session from the late Hashtalk website before Josh Garza shut it down.

GAWCEO
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Moderator
Industry Innovator

HashStaker Q&A

Let’s hear those questions. Ask away!

To get us started answering popular questions, one 3 month $9.95 HashStaker will make between $12-$20 in payouts for the life of the HashStaker, (in this example, in 3 months.)

HashStake Timeframe:

Once a HashStaker expires, it will transfer your principal Paycoin, (the original one you put in to stake,) back into your wallet. Think of it like this. A normal miner’s payouts declines with difficulty, so at some point they payout almost nothing. Sometimes, they can decline faster than what you paid, (resulting in a negative ROI.)

With a Hashstaker, the payout rate is locked in, so you ALWAYS ROI. That’s why it expires; otherwise it would just keep paying out at the same rate forever.

You can reserve another HashStaker any time you want, but there might or might not be any available, and the rate may have changed (for the new ones.)

Hashstakes in the Marketplace:

We will increase the price of Paycoins once the stake rate is made. It will be on the high end of what we have stated. So yes, you could by one at a lower price now, and trade it for a higher priced one after the rate goes up.

Follow me on Twitter – @gawceo
GAWCEO posted , last edited by BitJane
• 32
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Teky

@GAW_CEO Important question:

If primes will ahve a limited amount staking possibilities (it’s obvious, as you stated before), if I then SELL that Prime on the market, the new owner won’t be able to Stake with it?

It’s important to determine that because will create different tiers of prices among the primes, making the “virgin” ones (the ones that didn’t staked) more valuable.

I’m curious if you have already an idea on how to deal with that or it’s still in planning.

Thanks for answering Josh! ;D

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Teky posted
• 2

KrisH

@GAW_CEO Do the daily earned PC from staking transfer to our wallet? Can we use them instantly or are they locked up like the staking coins?

Remember the Alamo!
Home mining with 1 Blackwidow, 5 Fury’s and 3 Gridseeds
KrisH posted
• 1

pokeytex

@GAW_CEO Maybe a reset timer on them so your company can stay solvent but still make primes invaluable? here’s to hoping
pokeytex posted
• 0

nyernpa

stay calm lets wait till the dust settles..too many are buying on the blind side

Smokeing the Fretts ! May the Bits be with You ! .. 🙂
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nyernpa posted
• 1

GAWCEO
Admin
Moderator
Industry Innovator

@4Sticks said:

Do you know when Hashlets will have the optional way of converting to an Hashstake? Thanks.

They will have a way

Follow me on Twitter – @gawceo
GAWCEO posted
• 2

cryptonit

@GAW_CEO said:

@natethegreat said:

@GAW_CEO

why not forever?
we invested into u first and most
see a prime as a company share
it shouldnt expire
we loyal to you and you loyal to us

as i read this a hashstalker prime is a hashstalker that renew itself each 6 months

all this hashstalker thing is powered by lock paycoins into it which is a great move
following the supply and demand logic it reduces avaiable supply a lot

and hashstalker primes would same as normal hashstalker require to be filled with paycoins
this way each hashstalker intervall we have to invest “bind” “lock in” the paycoins and this way contribute

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cryptonit posted
• -2

GAWCEO
Admin
Moderator
Industry Innovator

@Toddimus said:

So from what I can see, at a steady price of $20 per paycoin, you’ll receive $40 ($20 from the return of the paycoin you’re staking, and $20 from the staked paycoin) from an investment of $10 and 1 paycoin (for staking) after 3 months.
Total in: $30
Total out: $40

correct on all points

Follow me on Twitter – @gawceo
GAWCEO posted
• 2

theboarderdude

@GAW_CEO

Do not make primes hashstakers forever. It is a horrible business decision on all levels.
theboarderdude posted
• 2

GAW_GM
Admin
Moderator
GAW Staff

@PCfan https://hashtalk.org/topic/20296/hashstake-q-a/246
GAW_GM posted
• 1

GAWCEO
Admin
Moderator
Industry Innovator

@Teky said:

@GAW_CEO Important question:

You got it!

When a HashStake is sold, it will be sold with the coin in it, and the amount of time left on it.

A whole new market will open up!

Follow me on Twitter – @gawceo
GAWCEO posted
• 6

Andrew_French
Banned

are the hashstakers actually mining right now?

Rats, Rats….. theres Rats everywhere. Aaarrgghhh
Andrew_French posted
• 1

GAWCEO
Admin
Moderator
Industry Innovator

@KrisH said:

@GAW_CEO Do the daily earned PC from staking transfer to our wallet? Can we use them instantly or are they locked up like the staking coins?

Yes, they transfer to your wallet, and you can use them instantly

Follow me on Twitter – @gawceo
GAWCEO posted
• 4

Tradenow

and if paycoin decreases in value over time? Maybe 10$ instead of 20$ it would be a bad idea to stake?

“The only thing standing between you and your goal is the bullshit story you keep telling yourself as to why you can’t achieve it.” –
Jordan Belfortt
Tradenow posted , last edited by Tradenow
• 0

ZERO2CASH
GAW Founder

@GAW_CEO said:

@tiCeR said:

@Happyminingguy said:

the above example same 9.95 what would you get in return if you mined pay coin and not bought hasstakers what would be the diff in payout

PDE34MeLsm7wpjbQc6b6EJxKXZEEDdUWxL
ZERO2CASH posted
• 1

Morg

@GAW_CEO said:

@natethegreat said:

@GAW_CEO

Once HashStake Primes stop staking do they convert back to Hashlet Primes?

Morg posted
• -1

Daffy
Paycoin Origin

@GAW_CEO said:

@Teky said:

@GAW_CEO Important question:

Ah so this is how it works selling.

Simple things make people happy.
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Daffy posted
• 1

GAWCEO
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@cryptonit said:

@GAW_CEO said:

@natethegreat said:

Because it would cost hundreds of millions dollars. Every 6 months we would have to put up even more money to keep the same stake. Thats how Prime Controllers work…..

Follow me on Twitter – @gawceo
GAWCEO posted
• 2

Teky

@GAW_CEO So the market will filter by remaining time or even exhausted ones, so one can choose to buy a cheaper one just for mining of one with full functionality.

INTERESTING!