Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 170. (Read 262906 times)

No refunds.

Even better bring up YOUR QUESTIONS/DEBATE ON HASHTALK? Oh you did....

Which is partially another red flag--if you don't have the staff or the infrastructure to handle your product, then how is it that you had enough of your product in the first place?  Orders from China take time and capital.  

This would particularly support the idea that Hashlet's are not just virtual shares of some physical object, but completely and utterly virtual.  They exist with no fixed ratio to any hardware that GAW might own.   (apparently not even the database servers)




As to those that think sitting back waiting will somehow automatically answer these questions, you should see how long the longest running Ponzi schemes last.  You would be surprised.  Even without being a Ponzi, GAW could be taking a large short position on BTC.  If BTC continues to decrease in value for about 4-5 months, then GAW would have won the bet.  It seems like a fairly safe bet at this point.

You paid them in USD or BTC, LTC, but if they put it all into fiat and just pay you back in BTC as the price drops each day then you could get more BTC back out than you paid in, but still have lost money on this.  Many would probably never realize what was truly going on.  GAW customers assume the risk, while GAW gets to use the principle for whatever they want.

What I would like to see (wouldn't we all) is for BTC to double in price in the next 2 months.  Real mining would have tremendous returns, but I am guessing not GAW miners.



Edit: Oh, and I might be feeling a bit more sanguine about this whole GAW thing as I finally managed to get a sale through escrow.  I now own 4 free MH and that is it.  Quite relieved to be in and out of GAW within 18 days and a 103% return on my original credit card purchase.

Do you have that address?

Does GAW offer refunds? I want to switch some items I bought yesterday.

sorry for multiple replies, and late replies, but been busy with other stuff

I'm trying to find value,find information, but at the end of the day it's just a lot of speculation without any foundation

the  problem is, like rdyoung said, is that it's not a debate. they simply say it's a fraud, scheme, etc, without providing any proof. that's not a debate.
I'm a GAW customer and I would really be interested in seeing any evidence of any fraud, so I can consider my options.
So far, I have not seen any fraud.
I have seen a lot of the hardware that GAW owns and I have physically had GAW-branded hardware.

why don't you show us proof of that then? if it is so well known

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"

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.

I asked about this and was answered that "it may be possible in the future but takes time". They are building something on btc.com, probably be a trading platform.

I don't get the reason why each hashlet needs to be treated individually, if that's what they are doing with payouts. They are all the same, so a payout should not be this hours-long "process", just adding todays_payout_per_mhs multiplied by MH/s owned. And even if there are 500k individual hashlets that's a tiny dataset. Doesn't seem like a tech issue.

They should also add an automatic merge function, If more than 5 hashlets of the same type are owned they get merged to a set of 5, this would still allow easier selling of them until they offer the ability to split. When they allow splits, they should only be split when transferred to another user and then immediately merged.

These guys are really busy, I just saw one of them repeating his theories in another thread. I believe they are the same person with 2 different accounts.

Agreed.. i think a lot of the issues stem from the exponential growth the past few weeks... I'm sure they are staffing up more and creating more SOPs and procedures for things. You can't plan for every contingency with something this "new".

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.

This was in the post announcing the solos, hopefully they aren't just using that as a carrot and they are actively pursuing it. I would love to be able to point it at coinking or multipool.us and keep some of the coins I feel have longterm potential.

This gives us a direct pulse on what's going on behind all the smoke and mirrors. They're just a bunch of hacks like everybody else.

Probably hipsters in there (cheap to pay) relearning the same old lessons because they're not following industry standard practices.

No, payouts are late again. I could add some sarcastic remark here about rewriting payout systems overnight, but I won't