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Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 169. (Read 262935 times)

legendary
Activity: 938
Merit: 1007
I just noticed something - the daily fee on my wafflet is ~50% of its earnings. I understand it's a gift horse and all that but I wonder what happens if it starts closing in on 100%. I hope I can discard it somehow.

Probably moving them to the next level hashlet (for a small fee if needed) Wink
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I just noticed something - the daily fee on my wafflet is ~50% of its earnings. I understand it's a gift horse and all that but I wonder what happens if it starts closing in on 100%. I hope I can discard it somehow.
hero member
Activity: 571
Merit: 507
That is sfire's address:

https://bitcointalksearch.org/topic/m.5982454

It starts before GAW sold their first Gridseed. You could see it on Middlecoin back in December too. I doubt it's related to GAW.
i don't know who sfire is, but does sfire have more credibility than GAW? has sfire shown all the miners he/she has?

Why? sfire is not taking anybody's money, private mining farm as far as I know. Besides there is no need to see the miners, a message signed with the address would be more substantial proof if sfire wanted to prove anything (or GAW, if this is GAW's address).
I don't know if either party has provided proof of ownership
legendary
Activity: 938
Merit: 1007
That is sfire's address:

https://bitcointalksearch.org/topic/m.5982454

It starts before GAW sold their first Gridseed. You could see it on Middlecoin back in December too. I doubt it's related to GAW.
i don't know who sfire is, but does sfire have more credibility than GAW? has sfire shown all the miners he/she has?

Why? sfire is not taking anybody's money, private mining farm as far as I know. Besides there is no need to see the miners, a message signed with the address would be more substantial proof if sfire wanted to prove anything (or GAW, if this is GAW's address).

Decent daily payouts!  Grin
legendary
Activity: 3654
Merit: 8909
https://bpip.org
That is sfire's address:

https://bitcointalksearch.org/topic/m.5982454

It starts before GAW sold their first Gridseed. You could see it on Middlecoin back in December too. I doubt it's related to GAW.
i don't know who sfire is, but does sfire have more credibility than GAW? has sfire shown all the miners he/she has?

Why? sfire is not taking anybody's money, private mining farm as far as I know. Besides there is no need to see the miners, a message signed with the address would be more substantial proof if sfire wanted to prove anything (or GAW, if this is GAW's address).
hero member
Activity: 571
Merit: 507
Question: is GAW mining on any pools other than ZenPool?
A: Almost definitely not.
when the hashlets were announced, they published an Zen address with clevermining. that address quickly went from 70Ghs or so to over 140Ghs. We can't obviously proove it belongs to them, but in my book, that would change the answer to: "they have at least provided some evidence that they mine, at least partially,  in clevermining"

Do you have that address?

Exactly the same idea here!

[edit] CM does 112 Ghs, so 140 wouldn't be possible Wink
currently only at 62Gh
http://clevermining.com/users/1BT9cPLGRep7nXnvo9JoXn6H7sSd5Em2WE

That is sfire's address:

https://bitcointalksearch.org/topic/m.5982454

It starts before GAW sold their first Gridseed. You could see it on Middlecoin back in December too. I doubt it's related to GAW.
i don't know who sfire is, but does sfire have more credibility than GAW? has sfire shown all the miners he/she has?
MOB
hero member
Activity: 493
Merit: 504
If there are any DB specialists here, instead of screaming scam and how shitty they are, why not offer your services. You could then get an inside look at whats going on and you could let us know one way or the other.

Yeah, I'm sure they would be happy to have me help them  Grin

Anyhow, I don't think they need more people, you don't fix databases by assigning a developer to each data row.

Ironically the major mining pools that the CEO belittled as "regular guys with no professional training" have very few if any payout issues. So much for highly trained businessmen.

True, but they apparently need someone who knows how to make a DB and the code that feeds it as efficient as possible. Stock/Commodities and now crypto exchanges are handling exponentially more data than gaw/zen is without as many issues.


They need servers.  They have inadequate hardware.  Irony abounds.
legendary
Activity: 994
Merit: 1000
If there are any DB specialists here, instead of screaming scam and how shitty they are, why not offer your services. You could then get an inside look at whats going on and you could let us know one way or the other.

Yeah, I'm sure they would be happy to have me help them  Grin

Anyhow, I don't think they need more people, you don't fix databases by assigning a developer to each data row.

Ironically the major mining pools that the CEO belittled as "regular guys with no professional training" have very few if any payout issues. So much for highly trained businessmen.

True, but they apparently need someone who knows how to make a DB and the code that feeds it as efficient as possible. Stock/Commodities and now crypto exchanges are handling exponentially more data than gaw/zen is without as many issues.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Question: is GAW mining on any pools other than ZenPool?
A: Almost definitely not.
when the hashlets were announced, they published an Zen address with clevermining. that address quickly went from 70Ghs or so to over 140Ghs. We can't obviously proove it belongs to them, but in my book, that would change the answer to: "they have at least provided some evidence that they mine, at least partially,  in clevermining"

Do you have that address?

Exactly the same idea here!

[edit] CM does 112 Ghs, so 140 wouldn't be possible Wink
currently only at 62Gh
http://clevermining.com/users/1BT9cPLGRep7nXnvo9JoXn6H7sSd5Em2WE

That is sfire's address:

https://bitcointalksearch.org/topic/m.5982454

It starts before GAW sold their first Gridseed. You could see it on Middlecoin back in December too. I doubt it's related to GAW.
hero member
Activity: 571
Merit: 507
Question: is GAW mining on any pools other than ZenPool?
A: Almost definitely not.
when the hashlets were announced, they published an Zen address with clevermining. that address quickly went from 70Ghs or so to over 140Ghs. We can't obviously proove it belongs to them, but in my book, that would change the answer to: "they have at least provided some evidence that they mine, at least partially,  in clevermining"

Do you have that address?

Exactly the same idea here!

[edit] CM does 112 Ghs, so 140 wouldn't be possible Wink
currently only at 62Gh
http://clevermining.com/users/1BT9cPLGRep7nXnvo9JoXn6H7sSd5Em2WE
hero member
Activity: 571
Merit: 507
Question: is GAW mining on any pools other than ZenPool?
A: Almost definitely not.
when the hashlets were announced, they published an Zen address with clevermining. that address quickly went from 70Ghs or so to over 140Ghs. We can't obviously proove it belongs to them, but in my book, that would change the answer to: "they have at least provided some evidence that they mine, at least partially,  in clevermining"

Do you have that address?
i bookmarked it, let me find it

edit:
here it is
http://clevermining.com/users/1BT9cPLGRep7nXnvo9JoXn6H7sSd5Em2WE
newbie
Activity: 56
Merit: 0
im pretty happy so far with my hashlets, i dont understand why people scream ponzi with no proof so far
legendary
Activity: 3654
Merit: 8909
https://bpip.org
If there are any DB specialists here, instead of screaming scam and how shitty they are, why not offer your services. You could then get an inside look at whats going on and you could let us know one way or the other.

Yeah, I'm sure they would be happy to have me help them  Grin

Anyhow, I don't think they need more people, you don't fix databases by assigning a developer to each data row.

Ironically the major mining pools that the CEO belittled as "regular guys with no professional training" have very few if any payout issues. So much for highly trained businessmen.
legendary
Activity: 938
Merit: 1007
Question: is GAW mining on any pools other than ZenPool?
A: Almost definitely not.
when the hashlets were announced, they published an Zen address with clevermining. that address quickly went from 70Ghs or so to over 140Ghs. We can't obviously proove it belongs to them, but in my book, that would change the answer to: "they have at least provided some evidence that they mine, at least partially,  in clevermining"

Do you have that address?

Exactly the same idea here!

[edit] CM does 112 Ghs, so 140 wouldn't be possible Wink
legendary
Activity: 994
Merit: 1000
I have something new to add I think...they replied to my can't withdraw ticket even though I closed it cause I was able to 10min later...but the reply asked if I got a prompt that said withdrawal hold...Why should they be able to put a withdraw hold on anyone account?

That kinda scares me more that they could do that system wide and then we'd finally get our answer hehe

There might be legitimate reasons for that, for example if you file a chargeback on your credit card purchase they might try to retain your balance.

Oh ok...Ya that does sound like a valid reason...still knowing that its there n would be easy to do it system wide doesn't help my already uneasy feelings towards them

I do not remember the wording, but I have been unable to withdraw in the past and I believe it was tied to them hitting the api limits on coinbases api, they are now with blockchain, but they could still be hitting some limit if enough withdrawals are attempted at the same time.
legendary
Activity: 994
Merit: 1000
If you look at erics linkedin profile he has the chops to handle what they are doing. My bet is they are growing too fast and attempting to do too much at once. It also doesn't help that people are buying tons of hashlets and probably leaving them as singles which adds to the db and increases the time needed to process payouts.
Sounds contradictory. How did they get into this mess if he has the "chops" ?  Overnight account-system changes aren't SOP for "chops" either.

Also, if he had the "chops", he would've known how to build a scaling system from the start, or at least catch it before it got this bad.
My only answer to that is what honeycutt said, eric likely didn't see zen growing the way it did or in the direction it did when he had the idea and launched it. If they are legit and are run by semi competent individuals, we will see some positive changes down the road, hopefully they are still on a hiring spree looking for developers and coders who can work in that environment. I have no idea what zen is coded in, nor what their infrastructure looks like/is composed of. When you realize you are short staffed, it can take time to hire the right people in the right quantity to get things moving.

If there are any DB specialists here, instead of screaming scam and how shitty they are, why not offer your services. You could then get an inside look at whats going on and you could let us know one way or the other.
MOB
hero member
Activity: 493
Merit: 504
I had a withdrawal hold yesterday while waiting for their payment system to finish running.  It is probably just related to their terrible database.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I have something new to add I think...they replied to my can't withdraw ticket even though I closed it cause I was able to 10min later...but the reply asked if I got a prompt that said withdrawal hold...Why should they be able to put a withdraw hold on anyone account?

That kinda scares me more that they could do that system wide and then we'd finally get our answer hehe

There might be legitimate reasons for that, for example if you file a chargeback on your credit card purchase they might try to retain your balance.
legendary
Activity: 1726
Merit: 1018
Flound commenting on hashlets:

https://cryptocointalk.com/topic/14763-hashlets/

Quote from: flound from another site
So, the hashlet situation is this:
 
1. I have no formal relationship with GAW.  They appear to be using our profitability numbers as posted on the main page or possibly via poolpicker.eu.
2. They do not mine on multipool.  They do payouts based on profitability reported by individual pools (which is completely unverified, as far as I know)
3. It is not clear that hashlets are actually mining anywhere, at this time.  There is certainly not enough 'Unknown' hashrate on the LItecoin network to account for the amount of hashrate they say they have.  Also, since they claim 200% profitability (which is mathematically impossible), they would need to have double that hashrate (i.e. each hashlet is actually buying 2MH of mining power, rather than the 1MH that's claimed) which would be about 500GH at this point.
 
My best guess is that they have hardware on the way to fill these orders, and they are simply paying payments out of cash reserves at this point.  I don't think it's an intentional scam or ponzi, they are far too large and successful of a company to do anything like that on purpose.  That said, if the hardware doesn't show up and they run out of cash, bad things could potentially happen.
hero member
Activity: 658
Merit: 500
Small Red and Bad
Does GAW offer refunds? I want to switch some items I bought yesterday.
If you want to switch you can always trade with other customers in their marketplace.
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