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Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 188. (Read 262906 times)

legendary
Activity: 938
Merit: 1007
That doesn't address my main point. Asics are designed to do one thing and one thing only, the sha256 asics are designed to hash one way, you can't bruteforce to get the original data with those asics.

I unlock phones every so often when someone needs one, or I need a little extra cash. Do you do know how many older phones I have unlocked compared to newer models? A LOT of older phones, its highly unlikely someone would go and pay retail + a contract for a new phone only to need it unlocked for another carrier.

As far as that friend investigated there is a chance that they'll work. Rather have the jalapeno's help him then collecting dust with me Wink

Regarding older/newer phones, you're in a different telecoms market. He's doing 1000 brand new phones at once or similar size batches. Old phones he almost never gets Wink
legendary
Activity: 994
Merit: 1000
So what is the difference between ordinary and these pro hashlets and what is expected ROI on them? How much do you get paid per day?

"ordinary" get paid less, "prime" gets paid ~50% more. ROI is anyone's guess since we don't know anything about the impact of e.g. rising hashrate/difficulty or other typical mining risks. 1 MH/s Prime currently gets about 0.0005-0.0006 BTC per day after fees.

Don't forget its also possible that they aren't mining at all. Hopefully they are doing some kind of day trading or something, but I wouldn't bet my life on it.

Did you miss my post?

Josh stated that the Zenpool income is primarily based upon leasing or renting pools to 3rd parties.

Then mining BTC, scrypt, scrypt-N, and day trading also all go into generating Zenpool payouts.

So while increased mining difficulty would be a factor, if we take Josh's words at face value, then they would be only a small factor in Zenpool's payouts.

No I didn't miss your post. Did you miss mine? Joshes answers to the questions reminds of me a line from BL2. I fought a shark in a bow tie, Who was wearing the bow tie, me or the shark? Yes.

Josh is basically utilizing every possible avenue for money generation, but no one successfully divides up their investments like that. They are also paying 11%/annum for held balances in zencloud, that is a sign that they need the money to stick around, they don't want people pulling it else they run out of funds to pay for "zenpool"

The renting option is dubious to me because who in their right mind is going to pay 50%+ more than nicehash, betarigs, etc is paying out. Not to mention there is no proof that the vaultbreakers are even in joshes hands.
member
Activity: 91
Merit: 10
Query to the hashlet miners..

Put in a support request asking them for the Coins and Blocks that your miner found.

They should be able to provide this.

Also put in a request for them to display one or two days after - which coins they were mining, and the blocks they had found.

They should be able to provide this.

.....

Or... maybe they can just put in their BUY/SELL sheet from the exchanges that they day-trade on with their trained business people...



I guess u havent read 1 post about how the hashlet works

Good luck to you in the future!
legendary
Activity: 3654
Merit: 8909
https://bpip.org
So what is the difference between ordinary and these pro hashlets and what is expected ROI on them? How much do you get paid per day?

"ordinary" get paid less, "prime" gets paid ~50% more. ROI is anyone's guess since we don't know anything about the impact of e.g. rising hashrate/difficulty or other typical mining risks. 1 MH/s Prime currently gets about 0.0005-0.0006 BTC per day after fees.

a zenhash made .0006 as well...so if the prime makes the same...wth?

Yes, ZenHashlet and PrimeHashlet are paid the same (assuming you point PrimeHashlet to ZenPool, which is the only option than makes sense).

There is supposedly some future magic coming for PrimeHashlet, which is why the price is different.
MOB
hero member
Activity: 493
Merit: 504
So what is the difference between ordinary and these pro hashlets and what is expected ROI on them? How much do you get paid per day?

"ordinary" get paid less, "prime" gets paid ~50% more. ROI is anyone's guess since we don't know anything about the impact of e.g. rising hashrate/difficulty or other typical mining risks. 1 MH/s Prime currently gets about 0.0005-0.0006 BTC per day after fees.

Don't forget its also possible that they aren't mining at all. Hopefully they are doing some kind of day trading or something, but I wouldn't bet my life on it.

Did you miss my post?

Josh stated that the Zenpool income is primarily based upon leasing or renting pools to 3rd parties.

Then mining BTC, scrypt, scrypt-N, and day trading also all go into generating Zenpool payouts.

So while increased mining difficulty would be a factor, if we take Josh's words at face value, then they would be only a small factor in Zenpool's payouts.
full member
Activity: 317
Merit: 104
So what is the difference between ordinary and these pro hashlets and what is expected ROI on them? How much do you get paid per day?

Go to their website it's explained in plain English !
legendary
Activity: 994
Merit: 1000
So what is the difference between ordinary and these pro hashlets and what is expected ROI on them? How much do you get paid per day?

"ordinary" get paid less, "prime" gets paid ~50% more. ROI is anyone's guess since we don't know anything about the impact of e.g. rising hashrate/difficulty or other typical mining risks. 1 MH/s Prime currently gets about 0.0005-0.0006 BTC per day after fees.

Don't forget its also possible that they aren't mining at all. Hopefully they are doing some kind of day trading or something, but I wouldn't bet my life on it.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
So what is the difference between ordinary and these pro hashlets and what is expected ROI on them? How much do you get paid per day?

"ordinary" get paid less, "prime" gets paid ~50% more. ROI is anyone's guess since we don't know anything about the impact of e.g. rising hashrate/difficulty or other typical mining risks. 1 MH/s Prime currently gets about 0.0005-0.0006 BTC per day after fees.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
So what is the difference between ordinary and these pro hashlets and what is expected ROI on them? How much do you get paid per day?
legendary
Activity: 994
Merit: 1000
I've been thinking. One business that could be buying hash capacity is sim unlock shops. A lot of Nokia's simlocks can be cracked by brute force doing SHA-256 calculations. So far it has been done mostly by GPU's but there are companies that offer very low prices for unlocks online which can't be profitable with GPU's. I've got a few obsolete BFL Jalapeno's that I'm going to bring to a friend of mine who is in that business. He's going to try to run those SHA256 hashes on these machines. SHA-256 has been implemented in a lot of other different applications, might very well be that they don't use their Bitcoin miners for solely bitcoin but also for other stuff. Just a brain fart, but wanted to share the idea.

Yes, SHA256 can have other applications (as can GPU mining setups), but not Scrypt ASICs.  My understand was that the majority of Zen's hardware is supposedly Scrypt based.  Anyone have any source for what GAW has hardware-wise?

Anyone know of a way to do useful work with Scrypt ASICs?



The problem with this is that sha256 asics do work 1 way. As I understand it, they only hash looking for a match, they can't do the reverse.
Why would cellphone shops be buying asics when sites like this http://www.gsmliberty.net/shop/nokia_unlock.php exist.

The logic behind this is flawed, asics have been hardcoded to do 1 function and hopefully do it well, if you want to be able bruteforce anything you would need to either program an fpga to do it, or design an asic that did that function.

That's for an older generation phones. The new ones have a different type of lock on them.
Once I'll be flying over I'll know more Smiley

That doesn't address my main point. Asics are designed to do one thing and one thing only, the sha256 asics are designed to hash one way, you can't bruteforce to get the original data with those asics.

I unlock phones every so often when someone needs one, or I need a little extra cash. Do you do know how many older phones I have unlocked compared to newer models? A LOT of older phones, its highly unlikely someone would go and pay retail + a contract for a new phone only to need it unlocked for another carrier.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Neone know when the new hashtalk.org will be up? or did they change the site addy?

"tomorrow" Smiley

AFAIK the address will not change.
legendary
Activity: 938
Merit: 1007
I've been thinking. One business that could be buying hash capacity is sim unlock shops. A lot of Nokia's simlocks can be cracked by brute force doing SHA-256 calculations. So far it has been done mostly by GPU's but there are companies that offer very low prices for unlocks online which can't be profitable with GPU's. I've got a few obsolete BFL Jalapeno's that I'm going to bring to a friend of mine who is in that business. He's going to try to run those SHA256 hashes on these machines. SHA-256 has been implemented in a lot of other different applications, might very well be that they don't use their Bitcoin miners for solely bitcoin but also for other stuff. Just a brain fart, but wanted to share the idea.

Yes, SHA256 can have other applications (as can GPU mining setups), but not Scrypt ASICs.  My understand was that the majority of Zen's hardware is supposedly Scrypt based.  Anyone have any source for what GAW has hardware-wise?

Anyone know of a way to do useful work with Scrypt ASICs?



The problem with this is that sha256 asics do work 1 way. As I understand it, they only hash looking for a match, they can't do the reverse.
Why would cellphone shops be buying asics when sites like this http://www.gsmliberty.net/shop/nokia_unlock.php exist.

The logic behind this is flawed, asics have been hardcoded to do 1 function and hopefully do it well, if you want to be able bruteforce anything you would need to either program an fpga to do it, or design an asic that did that function.

That's for an older generation phones. The new ones have a different type of lock on them.
Once I'll be flying over I'll know more Smiley
sr. member
Activity: 641
Merit: 253
▰▰▰ Global Cryptocurrency Paymen
It's funny to see this layer cake (or maybe liar cake Cheesy) from memcid and flexhash.
How is your big mine doing? You haven't said a single consistent thing from the moment you made these accounts.

Some of your better ones are:

Come to flexhash we have a big mine, bigger and better than GAW, we'll show you the pictures and visit www.flexshit.com, but we don't want to promote our site (that is coming live in a few weeks) we just want to expose GAW...

I'm not him - check my IP we have different ones which means we are different people!

I have friends in the FBI they are investigating this and we have a lawsuit going.


And the best one:

I'll come back when I get some proof (written 2 weeks ago)


I don't believe a single thing you two are saying, even to a random person this looks like one big lie.


sr. member
Activity: 280
Merit: 250
Neone know when the new hashtalk.org will be up? or did they change the site addy?
legendary
Activity: 994
Merit: 1000
I've been thinking. One business that could be buying hash capacity is sim unlock shops. A lot of Nokia's simlocks can be cracked by brute force doing SHA-256 calculations. So far it has been done mostly by GPU's but there are companies that offer very low prices for unlocks online which can't be profitable with GPU's. I've got a few obsolete BFL Jalapeno's that I'm going to bring to a friend of mine who is in that business. He's going to try to run those SHA256 hashes on these machines. SHA-256 has been implemented in a lot of other different applications, might very well be that they don't use their Bitcoin miners for solely bitcoin but also for other stuff. Just a brain fart, but wanted to share the idea.

Yes, SHA256 can have other applications (as can GPU mining setups), but not Scrypt ASICs.  My understand was that the majority of Zen's hardware is supposedly Scrypt based.  Anyone have any source for what GAW has hardware-wise?

Anyone know of a way to do useful work with Scrypt ASICs?



The problem with this is that sha256 asics do work 1 way. As I understand it, they only hash looking for a match, they can't do the reverse.
Why would cellphone shops be buying asics when sites like this http://www.gsmliberty.net/shop/nokia_unlock.php exist.

The logic behind this is flawed, asics have been hardcoded to do 1 function and hopefully do it well, if you want to be able bruteforce anything you would need to either program an fpga to do it, or design an asic that did that function.
MOB
hero member
Activity: 493
Merit: 504
I've been thinking. One business that could be buying hash capacity is sim unlock shops. A lot of Nokia's simlocks can be cracked by brute force doing SHA-256 calculations. So far it has been done mostly by GPU's but there are companies that offer very low prices for unlocks online which can't be profitable with GPU's. I've got a few obsolete BFL Jalapeno's that I'm going to bring to a friend of mine who is in that business. He's going to try to run those SHA256 hashes on these machines. SHA-256 has been implemented in a lot of other different applications, might very well be that they don't use their Bitcoin miners for solely bitcoin but also for other stuff. Just a brain fart, but wanted to share the idea.

Yes, SHA256 can have other applications (as can GPU mining setups), but not Scrypt ASICs.  My understand was that the majority of Zen's hardware is supposedly Scrypt based.  Anyone have any source for what GAW has hardware-wise?

Anyone know of a way to do useful work with Scrypt ASICs?

legendary
Activity: 3654
Merit: 8909
https://bpip.org
As much as I hate to admit it, Flex has a point somewhere in the middle of this troll hunt. Remember how GAW publicly called out Gridseed back in April? Or how all Gen A troubles were blamed on Zeus/Terry? If that's how they deal with their partners it's much more likely that they pissed off all of their suppliers and were left without hardware than them being able to produce a 28nm miner with specs far beyond any existing 28nm mining hardware in record time and in huge capacities.
full member
Activity: 317
Merit: 104
Smells very much like a Ponzi scam

Because it is and they need to be shut down.
So how did you lose $15,000 to GAWMiners?

I had $15,000 worth of hardware with them and I started asking questions and posting various proof on hashtalk and they locked my account and banned me.
I therefore gave the proof to the feds and I'm waiting until something happens.


See I told you Mulder and Scully are on the case !!!!!
sr. member
Activity: 641
Merit: 253
▰▰▰ Global Cryptocurrency Paymen
Yeah.. I'm lying? What edge would that have? I just want my money back in bitcoins!
You might want to double check on the bitcoin price and rethink that Cheesy
newbie
Activity: 28
Merit: 0
The hashlets are probably backed by the vaultbreakers assuming they are real.


Do you have any IT, programming, hardware knowledge/experience at all? Have you run hardware miners yourself? Have you built/repaired pcs/laptops from scratch? Did you read my entire post? There is plenty of gaw hardware in the wild, again, I am running 2 at the moment while sorting out an rma issue on the third. Considering the money they likely made on their first generation of mining hardware I find it difficult to dismiss the vaultbreaker as a phantom. I also find it curious that they only offered 2 batches of vaultbreakers. Its likely that the whole "prime" thing evolved sometime during the design of the vaultbreakers as a way to take things to a new level.


I am amazed how GAW managed to brainwash you.  With all those experiences, your conclusion is that 750MH vaultbreaker is real??  
" There is plenty of gaw hardware in the wild"  No, there is none! Those GAW branded miners are all ZEUS. GAW cannot even make a single miner, not to mention ASIC chips.

I don't care how many PCs you have repaired, nor how many miners have GAW sold, making an ASIC chip (way better than any of those existing miners even the 28nm A2 chips) is not easy.
As I said earlier, it is difficult, expensive and time consuming.  
where can they actually make the chip?    20nm TSMC?  14nm SAMSUNG?  or GLOBALFOUNDRIES?  They all have different issues, especially low capacity.

You already noticed GAW don't want to talk about the vaultbreaker any more.  Why?



s1gs3gv is this you???

After the thousands of words I have posted on this subject you honestly think I am brainwashed? Its clear you have no clue just how many design and fabrication houses there are worldwide. You obviously also have no clue about this subject
Do I need to do your homework for you and find a list of chip design firms?

Here you go
http://en.wikipedia.org/wiki/List_of_integrated_circuit_manufacturers

http://electroiq.com/blog/2012/04/top-25-fabless-ic-companies-in-2011/

http://www.boogar.com/resources/electronics/fabless_manufacturing.htm

It is indeed expensive and involved to design and produce a chip, but for crypto and to make a tidy profit you don't have to be producing as many chips as intel/ibm/samsung/etc.

Sorry, I am not s1gs3gv nor MemCiD.  But I think we all want to expose GAW and stop their scam.

I have done my homework, not via google but via doing real business.  
You may have setup a few miners, but that does not make you an expert in this industry. We have tens of thousands of miners. We are in partnership with all scrypt ASIC manufacturers (those real ones, with real chips, not just on paper) and some SHA256 ASIC manufacturers. Some of them invited us to co-invest in their next generation of chips. So I think I can say that we do know slightly more that the wiki page you found.

There is no vaultbreaker, not even a prototype. And GAW is not capable of delivering ASIC chips (at least not 20/16/14nm chip, not this year).



Its quite possible that the vaultbreakers don't exist yet, BUT, as I have posted before its also possible that the hashlets are a presale so he can fund the hardware that he wants for the prime.

I will repeat, I have a hard time agreeing that the vaultbreakers were a phantom product. There is plenty of gaw branded hardware in the wild, ebay. craigslist, cryptothrift, etc. They all but stopped selling hardware, so its possible that they did this so they could use the hardware they had in stock for this project prime.

As I have said before, my issue is not with whether or not there is hardware, its the lack of poignant and coherent responses to questions I would ask someone running a lemonade stand.

GAW branded hardware are all from Zeus. GAW does not even have a factory to make PCB. Zeus made those miners for GAW.  However, Josh is not an honest business person, he made promises to Zeus, Innosilicon & Gridseed. They trusted Josh, but then Josh cheated all of them. The relationship went sour.
GAW have not purchased any hardware from any of those ASIC miner manufacturers for some time, including Zeus. That's why GAW no longer sale hardware.

Also, as I said earlier. Even if you add all the miners GAW has bought from those manufacturers together, it's far far less than 230GH/s. If they did sale over $10M worth of hardware miners per month as Josh claimed, they will not have any miners remaining for their own "datacenter"
I am telling you these inside information because I really want to stop their scam so that honest players (real miners, real pools, real farms, real manufactureres) in this market can still survive.

https://flexhash.com/scams/

or  if you prefer a different version:
https://flexhash.com/
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