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RE: Investigating the Pomegranate Network Mining Gridcoin

in #gridcoin6 years ago (edited)

You are currently earning approx $6000 per month in Gridcoin (@ $0.05 per GRC) and claim it's a 33-33-33 split between you, charities and users.

Yet you are only seeming to be giving out a raffle to end users of $1000 every 2-3 months.

You would need to be selling at around $0.01 / GRC for those figures to add up.

4000GRC per day * 30 = 120,000GRC per month
120,000 * 0.01 = $1200 per month, split three ways is $400

Of course that is before any computing power you sell, again as you claim.

There is money disappearing somewhere along this chain.

Even if it were not and the 33% split was legit, taking 33% of proceeds that could be going to charity and users for not doing much at all is extremly dubious.

When coupled with your charitable claims, with which you used to get various lots of funding, it certainly isn't ethical.

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There are also the profits received from Eth mining if that is still in use.

And any other mining that users may have not spotted. Clearly they went out of their way to hide the ETH hash files, so others may be hidden.

"Quick, screenshot that incriminating forum post before they delete it! I mean, it's only been there for the last two years..."