I am not sure what zen-gaw is or will become. I am sure that have constant change.
I have 2 long threads on them
https://bitcointalk.org/index.php?topic=698679.0;all
https://bitcointalksearch.org/topic/my-pool-experience-with-cloud-zenminer-dot-com-new-thread-old-was-locked-743152
and I made .24btc pure profit along with still owning 1 s-3 in the cloud. and 6mh in hashlets.
The constant change makes me nervous. So I sold off a lot of gear.
A) BFL 2 or 3 site and forum migrations
B) Dz_coop 2 site migrations
C) GAW a site migration and a forum migration
part of me wants to think they are good and will whale. but I had 70mh and 2 s-3's .
I sold 63mh off and 1 s-3 for two reasons.
1)fear of a scam
2) absolute certain profit accomplished
I will keep posting my totals in the thread I started.
My advice is do not bet your left nut on them unless of course you are a rare person with 3 nuts.
One last thing the new forum sucks it has endless down time. With constant time outs. I do not like that. 1 little bit.
And for disclosure I was contacted by ceo josh after I left gawminers when they launched the brutally bad zeus gear in June.
He offered me a free gridseed blade which I took and mentioned right away in my threads.
Frankly all scrypt scares the shit out of me. It will soar or smash in the next 3 months.
Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 180. (Read 262935 times)
September 02, 2014, 07:42:12 PM
September 02, 2014, 07:32:12 PM
ok here's something...tried to withdrawl my whooping .13 btc and it said "Unable to process transaction at this time" lmao, guess it started already...I'm not the only one that has had this issue either too...i seen it somewhere on their forum as well
great ponzi scheme...that'll never run out, cause all you can do is reinvest it lmao
great ponzi scheme...that'll never run out, cause all you can do is reinvest it lmao
I wouldn't put much faith in that. Could be that blockchain, if thats who they are still using, is overloaded at the moment. Just give it a few minutes and try again.
ok, you was right
oh well least i got my btc....this time 
Insert foot in mouth
September 02, 2014, 07:06:44 PM
ok here's something...tried to withdrawl my whooping .13 btc and it said "Unable to process transaction at this time" lmao, guess it started already...I'm not the only one that has had this issue either too...i seen it somewhere on their forum as well
great ponzi scheme...that'll never run out, cause all you can do is reinvest it lmao
great ponzi scheme...that'll never run out, cause all you can do is reinvest it lmao
I wouldn't put much faith in that. Could be that blockchain, if thats who they are still using, is overloaded at the moment. Just give it a few minutes and try again.
September 02, 2014, 07:05:37 PM
Someone with the username GAW Miners_CEO just pmed me and asked what I was upset about.
Lucky you. All I get nowadays is legal threats
Odd thing is, I sent him 2 replies, and haven't heard back. Maybe he had some actual businessmen ceo stuff to go do.
September 02, 2014, 06:20:22 PM
Someone with the username GAW Miners_CEO just pmed me and asked what I was upset about.
Lucky you. All I get nowadays is legal threats
September 02, 2014, 06:19:32 PM
ok here's something...tried to withdrawl my whooping .13 btc and it said "Unable to process transaction at this time" lmao, guess it started already...I'm not the only one that has had this issue either too...i seen it somewhere on their forum as well
I've withdrawn every day and JUST NOW with no issue. Send support a ticket. I literally just withdrew my money and got it.
September 02, 2014, 06:06:49 PM
Someone with the username GAW Miners_CEO just pmed me and asked what I was upset about.
Thats the CEO, the liar!
He is known to message people that talk crap about gawminers on the forum and offer them miners in exchange of them deleting their posts and defending gawminers.. Why do you think there are so many *GAW* lovers here.
Maybe thats why volder has such a hardon for gaw, josh gave him a lot of free stuff.
I did mention early on in the thread that I was curious how long until he contacted crash or I. Guess it wasn't that long afterall.
"....a hard on.." <------ "HAHAHA. You just made my day. Just the comment I needed to hear before going home with a smile.
September 02, 2014, 06:02:25 PM
Someone with the username GAW Miners_CEO just pmed me and asked what I was upset about.
Thats the CEO, the liar!
He is known to message people that talk crap about gawminers on the forum and offer them miners in exchange of them deleting their posts and defending gawminers.. Why do you think there are so many *GAW* lovers here.
Maybe thats why volder has such a hardon for gaw, josh gave him a lot of free stuff.
I did mention early on in the thread that I was curious how long until he contacted crash or I. Guess it wasn't that long afterall.
September 02, 2014, 05:57:51 PM
I would like to know what a HASHPOINTS is. Can u trade them in for HASHLETS ?
If so how many HASHPOINTS are needed for a HASHLET ?
If so how many HASHPOINTS are needed for a HASHLET ?
One hashpoint is 100 satishis and yes you can trade them for hashlets.
September 02, 2014, 05:55:53 PM
I would like to know what a HASHPOINTS is. Can u trade them in for HASHLETS ?
If so how many HASHPOINTS are needed for a HASHLET ?
If so how many HASHPOINTS are needed for a HASHLET ?
September 02, 2014, 05:47:49 PM
Already read lots of posts and it seems like nobody knows how payouts are calculated. What I'm extremely afraid of is to put money in Hashlets and experience the same of what happened to my Scrypt miners: payouts fell dramatically in a matter of days and never ROI'd. At least with BTC, we can minimally observe and forecast upcoming difficulty.
What guarantees that the pool contracts cited as one of the source of those payouts will continue to be honored by those who sign them it up until the point there's positive ROI? Maybe they were paid in advance to cover a long contract duration so as to guarantee payouts? That would seem unlikely and highly risky by those people.
Can we conclusively say that Hashlet payouts are better than BTC payouts per $1 invested?
What guarantees that the pool contracts cited as one of the source of those payouts will continue to be honored by those who sign them it up until the point there's positive ROI? Maybe they were paid in advance to cover a long contract duration so as to guarantee payouts? That would seem unlikely and highly risky by those people.
Can we conclusively say that Hashlet payouts are better than BTC payouts per $1 invested?
Are there any guaranteed contracts on the market? I highly doubt it. There was a thread made by a company that supposedly holds the equivalent of your investment in silver but it comes down to the same point where you have to trust them with your money.
BTC investment? I tried that before and bought some when the price was close to $600. Everybody kept saying that it's really cheap
So my payouts from BTC investment are negative.Nobody "has" to trust them. This is a little bit more than your regular faith. Sure. I can trust them more as I collect some minimal information first so I can base my decision on with a little more clarity just like with the risk of any other standard vendor. Hashlet is quite unique as we all know.
Here you are not buying BTC, you are MINING so that's an entirely different animal. I'm just referring about 2 different mining scenarios, not buying vs mining vs something else.
How is it different from what CEX offers? I'm talking about trust here.
Any cloud mining company can fail just like Mt.Gox did so I'd say you need some trust to invest.
Of course any business can fail but bobody is talking about the likelihood of failing or succeeding but the fact that Hashlet is a new model, so CEX is completely irrelevant since we don't know that it's in fact the same model or not. With those companies there was at least a disclosed/understood model in advance irrespective of whether they were going to honor it or not or whether they were crooks or not.
I'm completely neutral. I'm neither excited to have any stupid "faith" nor irrationally pessimistic. (In fact, I've had excellent interactions with the Gawminers team). I'm purely talking about understanding the *Hashlet MODEL* .
September 02, 2014, 05:43:35 PM
Someone with the username GAW Miners_CEO just pmed me and asked what I was upset about.
September 02, 2014, 05:16:45 PM
I can confirm that as well, payouts slip, sometimes for multiple days. They've given out "free" miners to customers (1-2 mh/s) to make up for any issues, which is another issue. Suppose you have 500 customers and you give out 500 mh/s... how does that impact your payout? The whole thing is odd.
I haven't seen payments "slipping". What is likely happening is their database is getting so large that its taking longer and longer for the payment script to run. Its obvious that their "developers" have no clue what they are doing.
I've worked in enough back-end systems to know this one of the system "hearts" you do not cut-corners on. Since it looks like the accounting system is getting overwhelmed, they need to re-prioritize and fix it.
They have 2fA, I have it enabled on my accounts. They don't have 2fA on gawminers.com but zencloud has it.
September 02, 2014, 05:09:32 PM
The lack of 2FA is a big deal too.
They have 2FA.
September 02, 2014, 05:04:57 PM
I can confirm that as well, payouts slip, sometimes for multiple days. They've given out "free" miners to customers (1-2 mh/s) to make up for any issues, which is another issue. Suppose you have 500 customers and you give out 500 mh/s... how does that impact your payout? The whole thing is odd.
I haven't seen payments "slipping". What is likely happening is their database is getting so large that its taking longer and longer for the payment script to run. Its obvious that their "developers" have no clue what they are doing.
I've worked in enough back-end systems to know this one of the system "hearts" you do not cut-corners on. Since it looks like the accounting system is getting overwhelmed, they need to re-prioritize and fix it.
September 02, 2014, 05:02:08 PM
The current visible red-flag is the loosey-goosey variable payout schedule.
The fact it keeps sliding later and later, and doesn't pay out (until hours later) even when it's listed as "paid-out" is basically the equivalent of payouts "have stopped", imo.
This resembles that "mortgage derivatives" that just recently hosed a lot of people. Just doesn't give off the stringent accounting system reputation required for such a financial set up.
The fact it keeps sliding later and later, and doesn't pay out (until hours later) even when it's listed as "paid-out" is basically the equivalent of payouts "have stopped", imo.
This resembles that "mortgage derivatives" that just recently hosed a lot of people. Just doesn't give off the stringent accounting system reputation required for such a financial set up.
Hmm let me try to explain what i think is happening to their payout system.
The payout is calculated on a periode 0:00 to 23:59 UTC.
The payout run starts at around 12:00 UTC the following day and takes several hours to complete. Also the more hashlets are bought the longer the payout run takes.
The payout run takes one hashlet and calculates what amount needs to be transferred. when that is done it is posted in the user account "Latest Activity" BUT not in the balance of the user.
When all hashlets are calculated THEN the "Latest Activity" is summed and placed in the balance of the user.
September 02, 2014, 04:38:06 PM
As a side note, from another thread, I contacted their hosting provider Shopify, they've had multiple serious complaints about them. One guy I spoke to on the phone said they've had the authorities contact them as well, which he said was unusual given that they didn't have any problems with GAW until about a month ago.
Yeah right, can't believe a shopify employee just gave all that info to a random caller. I call bullshit on this one.
I concur, I can see them having a note in gaws file saying complaints. How would that 1 employee know the police had contacted them? Police are going to contact their boss or their bosses boss, not someone on the front lines dealing in customer service.
September 02, 2014, 04:35:56 PM
The current visible red-flag is the loosey-goosey variable payout schedule.
The fact it keeps sliding later and later, and doesn't pay out (until hours later) even when it's listed as "paid-out" is basically the equivalent of payouts "have stopped", imo.
This resembles that "mortgage derivatives" that just recently hosed a lot of people. Just doesn't give off the stringent accounting system reputation required for such a financial set up.
The fact it keeps sliding later and later, and doesn't pay out (until hours later) even when it's listed as "paid-out" is basically the equivalent of payouts "have stopped", imo.
This resembles that "mortgage derivatives" that just recently hosed a lot of people. Just doesn't give off the stringent accounting system reputation required for such a financial set up.
I can confirm that as well, payouts slip, sometimes for multiple days. They've given out "free" miners to customers (1-2 mh/s) to make up for any issues, which is another issue. Suppose you have 500 customers and you give out 500 mh/s... how does that impact your payout? The whole thing is odd.
I haven't seen payments "slipping". What is likely happening is their database is getting so large that its taking longer and longer for the payment script to run. Its obvious that their "developers" have no clue what they are doing.
September 02, 2014, 04:35:24 PM
As a side note, from another thread, I contacted their hosting provider Shopify, they've had multiple serious complaints about them. One guy I spoke to on the phone said they've had the authorities contact them as well, which he said was unusual given that they didn't have any problems with GAW until about a month ago.
Yeah right, can't believe a shopify employee just gave all that info to a random caller. I call bullshit on this one.
September 02, 2014, 04:34:19 PM
Already read lots of posts and it seems like nobody knows how payouts are calculated. What I'm extremely afraid of is to put money in Hashlets and experience the same of what happened to my Scrypt miners: payouts fell dramatically in a matter of days and never ROI'd. At least with BTC, we can minimally observe and forecast upcoming difficulty.
What guarantees that the pool contracts cited as one of the source of those payouts will continue to be honored by those who sign them it up until the point there's positive ROI? Maybe they were paid in advance to cover a long contract duration so as to guarantee payouts? That would seem unlikely and highly risky by those people.
Can we conclusively say that Hashlet payouts are better than BTC payouts per $1 invested?
What guarantees that the pool contracts cited as one of the source of those payouts will continue to be honored by those who sign them it up until the point there's positive ROI? Maybe they were paid in advance to cover a long contract duration so as to guarantee payouts? That would seem unlikely and highly risky by those people.
Can we conclusively say that Hashlet payouts are better than BTC payouts per $1 invested?
Are there any guaranteed contracts on the market? I highly doubt it. There was a thread made by a company that supposedly holds the equivalent of your investment in silver but it comes down to the same point where you have to trust them with your money.
BTC investment? I tried that before and bought some when the price was close to $600. Everybody kept saying that it's really cheap
So my payouts from BTC investment are negative.Nobody "has" to trust them. This is a little bit more than your regular faith. Sure. I can trust them more as I collect some minimal information first so I can base my decision on with a little more clarity just like with the risk of any other standard vendor. Hashlet is quite unique as we all know.
Here you are not buying BTC, you are MINING so that's an entirely different animal. I'm just referring about 2 different mining scenarios, not buying vs mining vs something else.
How is it different from what CEX offers? I'm talking about trust here.
Any cloud mining company can fail just like Mt.Gox did so I'd say you need some trust to invest.
The big difference is a couple of things. CEX actually has a page that lists the current status of all of their hardware in their centers. Plus, if you have a large of amount of hashing power you can convert it into hardware, it won't show up in a p&p fashion like an s2 or 3, you need some knowledge and experience to get it up and running, but you have the choice.
Gaw/Zen has several times said one thing and then later reversed that information and acted like this is hows it been all along.
The other big difference between them is cex is backed by bitfury. Bitfury is a well known and respected mining hardware manufacturer. If what others on here have said is true, gaw burned their connections with the manufacturers they did have.
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