Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 142. (Read 262935 times)

To bad you can't calculate a preorder ROI with the current difficulty  I went for Zeushash instead for a more safer option, can always purchase 1 or 2 Volcano's when they are ready for shipping.

Zeus's volcano seems really ambitious. Assuming that they won't burn people with preorders (note that they've a good reputation), this thing is capable of a one month ROI with the current difficulty. 

Said the guy with

Trust: -539: -15 / +20(20)
Warning: Trade with extreme caution!

Anyway nice to see Zeus saying this, seems like Gaw has burnt many bridges like others have posted in previous threads and posts.

Bitgeek, you're confusing me with MemCID/Flex/CEO I think... I, in fact support GAW, but I do ask tough and valid questions on bitcointalk when I find something confusing or misleading.

He does that, it's his main purpose to spread doubt and confusion. Besides, that's his second thread about GAW and hard to say how many he started with sockpuppet accounts.

Gotcha! My apologies:)

It was just directed at the general posts saying that he said it was Nicehashes fault and now they get upset because they think GAW said something bad about them. There is more then 1 person at Nicehash Josh could very well be talking to someone else. I agree I would like to hear more about if he really is talking to someone else at nicehash.

Not sure who that's directed at... But I never mentioned or implied it was NH's fault. The issue is the contradiction and who is lying and who isn't.

It's a fairly important factor IMO.

Josh Never stated it was nice hashes fault anywhere. He stated there was a problem with how it could be manipulated for higher payments that GAW would have to pay. They had a flaw in their system that related to Nice hash so that is the only mention about nice hash. Just like nice hash has a flaw in selecting pools that do not have min required difficulty. They will charge you for having to cancel. See both companies have flaws. Both are working to correct them. I just cant believe how many trolls there are.  If you do not like GAW's product do not buy it. If you do not like Nice Hashes product do not use it. Simple!!!!

Frankly - Perception is usually more important than facts... And that's the perception of his customer base at the moment.

You might want to re-read those links. It was said quite explicitly on multiple occasions that NH has been contacted and a solution is in the works. NH claims nobody contacted them and no solution is forthcoming because there is nothing to solve. That's a fairly substantial contradiction, don't you think?

So now your using your conclusion that you drew as basis for your argument? That's convenient.

The only mention was that he was in talks to purchase another company, never said NH, people just assumed.

Josh isn't dumb enough to out right say that... it's def. implied tho. More importantly, Josh is saying he is actively working with NH to resolve things and has also implied he is working to buy out NH.

If the guy above is actually a legit NH representative it makes this a bit more interesting as it doesn't jive with what Josh is telling his customers. And... that's a whole nother issue entirely.

^ Nice you linked a bunch of posts, but none of them are accusing Nicehash of any wrong doing.

https://hashtalk.org/topic/5145/nicehash-sha256
https://hashtalk.org/topic/5145/nicehash-sha256/68
https://hashtalk.org/topic/5145/nicehash-sha256/72
https://hashtalk.org/topic/5145/nicehash-sha256/79
https://hashtalk.org/topic/5145/nicehash-sha256/102
https://hashtalk.org/topic/5145/nicehash-sha256/117
https://hashtalk.org/topic/5145/nicehash-sha256/160
https://hashtalk.org/topic/5145/nicehash-sha256/177
https://hashtalk.org/topic/5145/nicehash-sha256/242
https://hashtalk.org/topic/5209/nicehashlet-no-longer-available/10
https://hashtalk.org/topic/5473/a-friendly-post-about-nh

Your campaign survived whole 10 minutes, troll
That was fast: https://bitcointalksearch.org/topic/m.8792162

Any other bright ideas?

Hi.

We are not following this thread regullary, neither have time to swim in the bloat of hashtalk. But we would like to say that we are not affiliated with GAW and any accusation made on our service in realation to GAW is simply wrong. NiceHash is a completely transparent service, those who are following us know that we believe and encourage open free market and all NiceHash users are treated equally. The issues with GAW was simply that our payouts were to high and GAW's business model of no-hashing couldn't sustain this - entirely their flaw. They never contacted us regarding this matter (because there was nothing to solve - our system is and was running as designed - without any issues or changes). Could somebody post some links where GAW is making accusations on NiceHash regarding this matter (we really don't have the time to do the search through hashtalk...)?

I have 55MH odd and withdraw daily, should get my total ROI in about 30 days. So far everything has been awesome, no problems at all, and I am able to withdraw daily without fail.
I made a spreasheet with figures for one of the 1MH hashlets I have if anyone is interested in seeing the daily payouts. https://docs.google.com/spreadsheets/d/1g3TxmHJrFiQtZv1o0-aroB5ut-CJoQNBTbL1aOQFqTg/edit#gid=0

I think they are using a combination of their cost price per MH for hardware, with their savings for not shipping hardware, combined with the difficulty increases over time, to make sure the hashlets story works. What are the hardware profit margins for buys that buy in huge bulk?

EG, if you buy bulk scrypt miners and get a dirt cheap price / MH overall, then make fat profit on what you resell it for normally, you can provide a 1MH 'hashlet' to a customer, but in reality you are really mining more (like say 2MH for example) for that customer, and keeping the profit for yourself in btc, or buying more hardware.

So you sell them 1MH, but you are really allocating 2MH in the data center which is covered by the customer cost. As long as the customer is mining with you, you are at a good profit. You can also take some of the 'extra' btc and give it back to the customer in bonus schemes.

I dont know how it works, all I  know is that its working perfectly for me....so far

People who browse the forums daily know that probably... Or if they read here... But likely 90% of people have no clue about that.. Especially the new investors. So, it is very misleading and compounded the problem with NH... People didn't understand that it was a big deal NH was paying out more than they should because GAW doesn't use the NH pool for mining, they simply use it as a measurement for payment.

More transparency would be great.. I don't understand why they don't just have levels of payment. It's confusing as hell to associate it with a particular pool and then have absolutely nothing to do with the pool. GAW and it's members have absolutely no reason to be mad at NH. GAW created the situation entirely - and then Josh alludes to it being NH's fault in a post today. Completely deflecting blame on the rightful source of the problem (GAW). Had they been more transparent (aka honest) about what they do, this would have never been an issue and people would have understood.

There should at least be an note on the sales of the hashlets that basically say, "hey, we use this as a payout measure but in no way actually mine on these pools".

Well, as long as they keep paying out I'm also a happy camper. It's just that it would be nice if they stated "we're not really mining with everything we "sell", we make money elsewhere and pay you the amount you would've gotten from mining instead and do mine a bit on the side".