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Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 162. (Read 262935 times)

legendary
Activity: 1316
Merit: 1014
ex uno plures
Here's a quote for refrence:


Can we get some some information on if and how the hashlet has affected trademybit? This would be interesting.

Hasn't affected TMB at all, we're not getting any hash from them.

And another one:

I own/operate Multipool.us.  If someone from GAW miners can give me your username(s) on the pool, I can verify your hashrate.  Or, you can set up a "handle" via the account page and it will appear rather than your User ID under the top hashrates for each coin (assuming you are within the top 15, which should be easily within your capabilities.)

For the record, I have not been contacted (to my knowledge) by anyone at GAW miners about setting up an account, IP whitelisting what would most likely be a massive number of workers, etc.

And another one:


There is zero truth to this whatsoever.  The "out of town" is family business (I'm still here, just much less active for the week).  I've never had any contact with ZenMiner (at least that I know of, it might have been a user contacting me affiliated with them, but if so, they didn't make it known they had an association with ZenMiner).  On another note, that droplet isn't one of our icons (we don't have any icons on WP), I think they just grabbed an image that would roughly describe "pool" and used it for us (and for them).

I've been watching a bit of the ZenMiner stuff (bought a 1MH for testing), and while I don't want to comment on it much, when pointing that 1MH from ZenMiner to WP, I can't find that 1MH showing up anywhere in the pool logs.  It might be too small and get lost in the noise (if someone has a 100MH+ account on ZenMiner, please contact me if you'd like to help test for a few hours).

Sure looks like there could some waffling, twisting of bits, and multi-poo going on here at GAW !

~L)L~
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
I presume none of admins of these pools has ever identified these hashlets mining at their pools?

Nope. And when questions kept being asked GAW did this (also #4 in the OP):

https://bitcointalksearch.org/topic/m.8533761


I will argue with your post there, you're misinforming people.
There are pictures with open setups (no isle separation) everywhere. You haven't seen any other setups, have you?
I also believe they showed the real data center pictures and a warehouse full of miners getting ready to be plugged.

And a day after zen changed the agreement to say that the miners are virtual. They just keep contradicting themselves over and over. Seeing newly created account support them fanatically just makes this more suspicious.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
If they've invested in a huge batch of Ant S3's (or similar efficient hardware) and see 40 gh as 1 mh it's easy to see where they earn their profit. For now SHA is paying out more than scrypt so this could've been a very cheap way to get a large amount of SHA mining power while paying only part of the revenue for a "unit".

That would be feasible in theory. But then why do they need all this charade of Scrypt mining, publicity pictures of Zeus hardware etc. And 10 PH/s - or whatever the hashrate should be to sustain the payouts - is A LOT of hashrate, even for Bitcoin. Not easy to hide and even more puzzling - why hide it. Then you'd have to increase the mining capacity by 10-20% every ~2 weeks to keep up with the rising difficulty or the ZenPool payouts couldn't have stayed as high as they are. I guess what I'm trying to say is that if they pulled this off it would be a much more compelling story to tell than all the wobbly PR speak they've done so far.
newbie
Activity: 14
Merit: 0
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.

Have you heard of Bernie Madoff? He was very well known and respected in his community and field. He was active in charity also. He made lots of people lots of money. He was also a crook running one of the largest ponzis ever known.

Ponzi scams operate by being public. If people haven't heard of you then your ponzi isn't very good.

Besides that GAW miner CEOs have never publicly given money to charity and before their GAWminers venture they were mostly known for taking taxpayer money through their telecommunications company in order to build phone towers but never actually building them. They've even scammed in the past.   

I have read this in the past. Any proof of this?

Here's where found this information from.

http://www.reddit.com/r/litecoinmining/comments/1yh23g/has_anyone_here_sold_their_own_rig_on_ebay_and/cfkvbbk


Doesn't really say much though. The links don't provide much evidence. Just to say there would be potential delays for finishing the wireless stuff. Any proof they didn't go through with it?
legendary
Activity: 938
Merit: 1007
If they've invested in a huge batch of Ant S3's (or similar efficient hardware) and see 40 gh as 1 mh it's easy to see where they earn their profit. For now SHA is paying out more than scrypt so this could've been a very cheap way to get a large amount of SHA mining power while paying only part of the revenue for a "unit".

Payouts I initiated yesterday weren't paid out, tried it again and showed up in my wallet right away.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.

Have you heard of Bernie Madoff? He was very well known and respected in his community and field. He was active in charity also. He made lots of people lots of money. He was also a crook running one of the largest ponzis ever known.

Ponzi scams operate by being public. If people haven't heard of you then your ponzi isn't very good.

Besides that GAW miner CEOs have never publicly given money to charity and before their GAWminers venture they were mostly known for taking taxpayer money through their telecommunications company in order to build phone towers but never actually building them. They've even scammed in the past.   

I have read this in the past. Any proof of this?

Here's where found this information from.

http://www.reddit.com/r/litecoinmining/comments/1yh23g/has_anyone_here_sold_their_own_rig_on_ebay_and/cfkvbbk
newbie
Activity: 14
Merit: 0
Mostly what I can see reading through this thread is that the proof that GAW has that they are legit is as solid as the proof from here that they are not.

Do private investigators actually exist in the US? How much would hiring someone to do a proper investigation? Or contact the IRS to audit them. I am sure they would be very interested to see how they are generating so much profit especially considering the ease with which you can avoid tax by accepting btc as payment.

Just a thought. That way there would be some solid proof of either their legitimacy or their crime.
newbie
Activity: 14
Merit: 0
how do they plan to make money, at least in theory

The best I can suggest is question #2 in the OP:

2) Q: How does ZenPool achieve its Scrypt profitability? A: Unknown.

Suggested possibilities include supplemental sources of income such as mining Scrypt-N, daytrading, and private rentals, confirmed in e-mails between some forum members and GAW CEO.
https://bitcointalksearch.org/topic/m.8601489
https://bitcointalksearch.org/topic/m.8587832


Laughable that the businesses are run by 'highly trained businessmen'. Almost every staff member at GAW has the last name Garza. I know that is a common last name but really lol I don't have 10 smiths at my work. If my business was actually so successful you would think they would actually have some highly trained staff. Or at least a spell checker.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
how do they plan to make money, at least in theory

The best I can suggest is question #2 in the OP:

2) Q: How does ZenPool achieve its Scrypt profitability? A: Unknown.

Suggested possibilities include supplemental sources of income such as mining Scrypt-N, daytrading, and private rentals, confirmed in e-mails between some forum members and GAW CEO.
https://bitcointalksearch.org/topic/m.8601489
https://bitcointalksearch.org/topic/m.8587832
newbie
Activity: 14
Merit: 0
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.

Have you heard of Bernie Madoff? He was very well known and respected in his community and field. He was active in charity also. He made lots of people lots of money. He was also a crook running one of the largest ponzis ever known.

Ponzi scams operate by being public. If people haven't heard of you then your ponzi isn't very good.

Besides that GAW miner CEOs have never publicly given money to charity and before their GAWminers venture they were mostly known for taking taxpayer money through their telecommunications company in order to build phone towers but never actually building them. They've even scammed in the past.   

I have read this in the past. Any proof of this?
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.

Have you heard of Bernie Madoff? He was very well known and respected in his community and field. He was active in charity also. He made lots of people lots of money. He was also a crook running one of the largest ponzis ever known.

Ponzi scams operate by being public. If people haven't heard of you then your ponzi isn't very good.

Besides that GAW miner CEOs have never publicly given money to charity and before their GAWminers venture they were mostly known for taking taxpayer money through their telecommunications company in order to build phone towers but never actually building them. They've even scammed in the past.   
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.

I agree with you....


but have you heard of Mt Gox?

Sure but Mt.Gox was an established business with clear business plan and strategy which could have generated profit for the company. Their owner being a scammer is a completely separate issue.
On the other hand, I cannot identify this business strategy part when talking about hashlets, how do they plan to make money, at least in theory. Once this is identified, then we should talk about whether they are able to execute that business strategy.
newbie
Activity: 14
Merit: 0
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.

Have you heard of Bernie Madoff? He was very well known and respected in his community and field. He was active in charity also. He made lots of people lots of money. He was also a crook running one of the largest ponzis ever known.

Ponzi scams operate by being public. If people haven't heard of you then your ponzi isn't very good.
newbie
Activity: 42
Merit: 0
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.

I agree with you....


but have you heard of Mt Gox?
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
So WTF is this then? How do they make money to pay off their users? I don't think this can be an ordinary ponzi, everybody knows info about owners and the company, if they scam so many people, they ll be in jail for millions of years. There must be some other agenda behind this.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I presume none of admins of these pools has ever identified these hashlets mining at their pools?

Nope. And when questions kept being asked GAW did this (also #4 in the OP):

https://bitcointalksearch.org/topic/m.8533761

legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Here's a quote for refrence:


Can we get some some information on if and how the hashlet has affected trademybit? This would be interesting.

Hasn't affected TMB at all, we're not getting any hash from them.

And another one:

I own/operate Multipool.us.  If someone from GAW miners can give me your username(s) on the pool, I can verify your hashrate.  Or, you can set up a "handle" via the account page and it will appear rather than your User ID under the top hashrates for each coin (assuming you are within the top 15, which should be easily within your capabilities.)

For the record, I have not been contacted (to my knowledge) by anyone at GAW miners about setting up an account, IP whitelisting what would most likely be a massive number of workers, etc.

And another one:


There is zero truth to this whatsoever.  The "out of town" is family business (I'm still here, just much less active for the week).  I've never had any contact with ZenMiner (at least that I know of, it might have been a user contacting me affiliated with them, but if so, they didn't make it known they had an association with ZenMiner).  On another note, that droplet isn't one of our icons (we don't have any icons on WP), I think they just grabbed an image that would roughly describe "pool" and used it for us (and for them).

I've been watching a bit of the ZenMiner stuff (bought a 1MH for testing), and while I don't want to comment on it much, when pointing that 1MH from ZenMiner to WP, I can't find that 1MH showing up anywhere in the pool logs.  It might be too small and get lost in the noise (if someone has a 100MH+ account on ZenMiner, please contact me if you'd like to help test for a few hours).
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
What is current daily payout per hashlet? In other words, what is expected ROI, is it profitable to get this?

Here are the current rates. Maintenance fee can be as much as 50% for pools other than ZenPool, so keep that in mind.

-snip-

I presume none of admins of these pools has ever identified these hashlets mining at their pools?

That's correct. They're not throwing any hash to the pools, not even matching the real payout rates. It's even mentioned in the terms that this is virtual.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
What is current daily payout per hashlet? In other words, what is expected ROI, is it profitable to get this?

Here are the current rates. Maintenance fee can be as much as 50% for pools other than ZenPool, so keep that in mind.



I presume none of admins of these pools has ever identified these hashlets mining at their pools?
legendary
Activity: 3654
Merit: 8909
https://bpip.org
What is current daily payout per hashlet? In other words, what is expected ROI, is it profitable to get this?

Here are the current rates. Maintenance fee can be as much as 50% for pools other than ZenPool, so keep that in mind.

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