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Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 176. (Read 262935 times)

legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'

Its just a ponzi scam, until they can prove otherwise.

You can only prove its a ponzi after it implodes. Until it stops paying, everyone who has drank the coolaid will keep paying in because they keep getting paid. On that note, people please keep paying in, the longer I can receive my "mining" income the better.
right. so how could someone prove something not being a ponzi scheme ? by not imploding? in a fixed period of time?

I understand that there's a ton of things that GAW is not telling, but I don't know if there's any proof of it being a ponzi scheme.
I have about 130Mhs in zen, so I'm interested in seeing evidence if there is any, but so far there's none, just a lot of unhappy people for no good reason

You know it's pointless. First they wanted a data center picture, they got it and decided they want a proof of mining too and if this proof is not given let's scream ponzi!

Speaking of, where is that data center location data you were going to post yesterday?

Posted them in that thread. Weren't you following it? Should still be there.


Hey Guys,
I've been searching for a long while and questioned on a few ways GAW.
But I never got an answer for my to little questions:
1. Will I be able to sell my hashlet at any time I not longer would own it (e.g.like CEX.io)
2. Is it a possible risk that one day my hashlet is negative profitable and so I would have to pay more maintenance/electricity fee than it generates BTC...

...I will not invest anything without an answer on this questions and I think other people think also like me.
I also asked over Twitter and they marked me as a spammer.
Just a mistake?
 Huh
I'm sceptic...

Hi Smiley
Yes people are trading hashlets. There's a nice thread here by a guy who mined with hashlets and I think recently sold them after taking the profits.
https://bitcointalksearch.org/topic/m.8583756

According to GAW you will never have negative ROI, the maintenance costs will be reduced to keep the miners profitable.


Yeah I dropped from;

 70 mh to 6mh
2 s-3's to 1 s-3.    

 I am ahead around .25 btc and still mining  the 6mh  and 1 s-3..

 My payments for last night are around  .013  but they are not added in yet.
Damn they expanded so much I got spooked. Took most of my profits.  My biggest problems are website migrations along with forum migrations. I could talk alot about the wrong of them,but I won't .  I will say they are a very interesting company and I feel good enough  to still mine with them.  (since I made myself a sure winner).

In the long run if they go Apple or Amazon I will not make a true fortune. But I will earn more then have earned as of today.  In the long run if they fully crash.  I pulled out enough to be a winner.
hero member
Activity: 854
Merit: 510
Still no Tuesday payout  Undecided

There has been posts by the GAW/Zen staff at Hashtalk.org.   They are fixing the problem.  
newbie
Activity: 42
Merit: 0
We are on the 11th hour of a 24 hour workweek.  So we are just starting on Thursday now, waiting for our paycheck.  After all, Monday is coming up fast and we should be getting another check then.  Right?
11th+8 hour (don't forget they pushed payouts back without making up the difference) of 24-hour work-week.

I see some payouts "registered" 16 minutes ago, but they're not reflected in the balance, and more payouts from my "set" are still missing.

They didn't "push back the payout without making the difference up" because they didn't change the cut off times. They just changed when it is paid out. The mining day is still 24 hours around and cut off at 8PM eastern. The same as before.
full member
Activity: 168
Merit: 100
Still no Tuesday payout  Undecided
full member
Activity: 178
Merit: 100
We are on the 11th hour of a 24 hour workweek.  So we are just starting on Thursday now, waiting for our paycheck.  After all, Monday is coming up fast and we should be getting another check then.  Right?
11th+8 hour (don't forget they pushed payouts back without making up the difference) of 24-hour work-week.

I see some payouts "registered" 16 minutes ago, but they're not reflected in the balance, and more payouts from my "set" are still missing.
MOB
hero member
Activity: 493
Merit: 504
As far as these terrible paycheck analogies go--imagine you have a normal job and you get paid once every week.  You should get paid on Monday, but the boss says, "Sorry, no cigar."  Whatever, check back tomorrow.

Still no check on Tuesday.
Wednesday?  Nothing.
Thursday?  Possibly--that is where we are right now.

We are on the 11th hour of a 24 hour workweek.  So we are just starting on Thursday now, waiting for our paycheck.  After all, Monday is coming up fast and we should be getting another check then.  Right?

edit: Got my payout finally Wink
sr. member
Activity: 280
Merit: 250
Is it acceptable when your paycheck is late? Is it acceptable when a stock purchase is late?

NO. This is sloppy accounting that keeps getting sloppier. You know what that means when they don't prioritize payments.

And no, I still haven't gotten my payouts. It's now 9 hours after the maintenance fees. Then add that they slipped processing by like +/- 8 hours already, it means they're now +/- 17 hours behind.

If my paycheck was 6 hours late then yes, it would be acceptable. It's not like I'm going to die of hunger or get beaten to death by a mobster if I don't get the money.
You are a bit over that so write a ticket Smiley Is this the first time they are late?

No, not the first time they are late... And it's getting longer each time, so people are worried of bigger issues at this point. Supposedly they will be updating or upgrading their processing system, so we'll see.
legendary
Activity: 994
Merit: 1000
This is NOT sloppy accounting, its incompetence when it comes to the system resources needed to process an exponentially growing list of payouts.
Maybe they should take cexio's tack on processing autopayouts, when their system gets around to your account, it gets processed, there is no defined time of day they get processed. If they hadn't told people to expect payouts at a certain time, people would have nothing to be upset about.
So it's okay that their maintenance fees system is working fine, but not the payouts? How can it be justified that they're processed separately?

We're talking electronic payments here, not paper.

Its not just the fees, all of my accounts show an issue, at least one of them shows 1 payment and 3 fees, another the balance at the top looks right but the #s don't add up in the history.

As for paper vs electronic, its an analogy, and one that still stands.
full member
Activity: 178
Merit: 100
This is NOT sloppy accounting, its incompetence when it comes to the system resources needed to process an exponentially growing list of payouts.
Maybe they should take cexio's tack on processing autopayouts, when their system gets around to your account, it gets processed, there is no defined time of day they get processed. If they hadn't told people to expect payouts at a certain time, people would have nothing to be upset about.
So it's okay that their maintenance fees system is working fine, but not the payouts? How can it be justified that they're processed separately?

We're talking electronic payments here, not paper.
legendary
Activity: 994
Merit: 1000
Is it acceptable when your paycheck is late? Is it acceptable when a stock purchase is late?

NO. This is sloppy accounting that keeps getting sloppier. You know what that means when they don't prioritize payments.

And no, I still haven't gotten my payouts. It's now 9 hours after the maintenance fees. Then add that they slipped processing by like +/- 8 hours already, it means they're now +/- 17 hours behind.

This is NOT sloppy accounting, its incompetence when it comes to the system resources needed to process an exponentially growing list of payouts.
Maybe they should take cexio's tack on processing autopayouts, when their system gets around to your account, it gets processed, there is no defined time of day they get processed. If they hadn't told people to expect payouts at a certain time, people would have nothing to be upset about.

As for paychecks being late, I have worked retail and paperchecks usually come in with the truck from the warehouse, sometimes things happen and that truck gets delayed, did I blame the accounting department for that semi hitting a deer and being 4+ hours late? NO.

As for stock purchases. The folks running the servers that power the nyse or cmex have multiples of the resources and experienced techs that gawzen does.

How do you figure they are 17 hours behind now? All of my accounts were credited properly for yesterdays payments, they are tops 11 hours behind.
full member
Activity: 178
Merit: 100
Is it acceptable when your paycheck is late? Is it acceptable when a stock purchase is late?

NO. This is sloppy accounting that keeps getting sloppier. You know what that means when they don't prioritize payments.

And no, I still haven't gotten my payouts. It's now 9 hours after the maintenance fees. Then add that they slipped processing by like +/- 8 hours already, it means they're now +/- 17 hours behind.
sr. member
Activity: 280
Merit: 250
Yea, I haven't gotten my full payouts yet either... Now i'm starting to get nervous. They should pay when they say they'll pay... a few hours late is okay with me... but 6 hours?
6 hours is actually a few hours Cheesy

They werent building that new data center to sell some hashlets and run.

6 hours isn't a few to me.. Universally a "Few" is 2-3 I would think... But I get your point.
legendary
Activity: 994
Merit: 1000
Yea, I haven't gotten my full payouts yet either... Now i'm starting to get nervous. They should pay when they say they'll pay... a few hours late is okay with me... but 6 hours?

Everyone needs to calm down. It appears I actually knew what I was talking about. An update on hashtalk. https://hashtalk.org/topic/3349/explanation-when-do-i-get-a-payout/15

They are going to increase the system resources allocated to the payment script, but as some of us know, you can't do that while its running or you risk causing issues. Hopefully tomorrows payments will go a bit smoother.
sr. member
Activity: 280
Merit: 250
Yea, I haven't gotten my full payouts yet either... Now i'm starting to get nervous. They should pay when they say they'll pay... a few hours late is okay with me... but 6 hours?
sr. member
Activity: 339
Merit: 250
I noticed I have a payout 4 hours ago (4am)  in the latest activity tab

But only maintenance fees deducted from the Balance Page at the same default time of 1:30am. But overall the main btc hasn't changed.

but lol at the sky is falling mentality.

newbie
Activity: 42
Merit: 0
Today my payments are really late. 2 out of 3 show up in one account "two hours ago", the other one isn't there yet. None are available in the balance to withdraw.

Other account same thing.

Same issue with me.

Today at 1:31 PM   Payout   0.00804867 BTC   
Today at 1:30 PM   Maintenance Fee      -0.00318136 BTC
Today at 1:30 PM   Payout   0.00753568 BTC   
Today at 1:30 PM   Payout   0.00780699 BTC   
Today at 1:30 PM   Payout   0.00827310 BTC   
Today at 1:30 PM   Payout   0.00785729 BTC   

Current Balance
0.00763243 BTC ($3)

Strange

it's normal. it always takes time to reflect the balance. I've seen it many times, but you only notice if you are watching it when it happens

Always happens to me too. The balance is usually corrected within an hour.
hero member
Activity: 571
Merit: 507
Today my payments are really late. 2 out of 3 show up in one account "two hours ago", the other one isn't there yet. None are available in the balance to withdraw.

Other account same thing.

Same issue with me.

Today at 1:31 PM   Payout   0.00804867 BTC   
Today at 1:30 PM   Maintenance Fee      -0.00318136 BTC
Today at 1:30 PM   Payout   0.00753568 BTC   
Today at 1:30 PM   Payout   0.00780699 BTC   
Today at 1:30 PM   Payout   0.00827310 BTC   
Today at 1:30 PM   Payout   0.00785729 BTC   

Current Balance
0.00763243 BTC ($3)

Strange

it's normal. it always takes time to reflect the balance. I've seen it many times, but you only notice if you are watching it when it happens
hero member
Activity: 571
Merit: 507
No payout for me either.

JUST got my payout today. Stop freakin out guys. It's 4 or 5 hours late. Got it AND withdrew it no issue.
just got mine too
hero member
Activity: 571
Merit: 507
Its just a ponzi scam, until they can prove otherwise.

You can only prove its a ponzi after it implodes. Until it stops paying, everyone who has drank the coolaid will keep paying in because they keep getting paid. On that note, people please keep paying in, the longer I can receive my "mining" income the better.
right. so how could someone prove something not being a ponzi scheme ? by not imploding? in a fixed period of time?

I understand that there's a ton of things that GAW is not telling, but I don't know if there's any proof of it being a ponzi scheme.
I have about 130Mhs in zen, so I'm interested in seeing evidence if there is any, but so far there's none, just a lot of unhappy people for no good reason

See my post right above yours...
let me keep reading. I'm trying to catch up but you guys are quick Smiley
sr. member
Activity: 434
Merit: 254


Same here

Well folks, it was fun while it lasted!  


Sending my SEC complaint now

Others concerned about lack of adequate (or even minimalist) disclosure can report the violation to the SEC https://denebleo.sec.gov/TCRExternal/disclaimer.xhtml

Be sure to mention that there has been no disclosure of risks, that the hashlets are software not real mining machines, above average returns, promises of never losing money and your actual investment - that should be enough.
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