Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 189. (Read 262906 times)

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.

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).

If he can [produce 1000's from his butthole, you might want to become his friend  

He has fed friends, beware, and he took those 15k straight out of his butthole.

I think Volder made a nice profit, He had a buy thread taking any sellers at 16.

Then he sold to new buyers after the price increase for 19.50.

He claimed these were new, straight from Zen, but I sold a few hashlets I had and when my buyer got then, he got activation codes just as you would with a brand new one

I bought Hashlets last Monday, never received the codes. Since then I've been in some awful support loop with claims of manually verifying payments, and nothing. Several phone calls during business hours, and nothing. Of course during this time, Hashlets first sold out, then were completely revamped with promises of new features, and much more. I'd love it if someone would admit they were sold out and refund my LTC.

Well as of now, I am less concerned about the new features, and more interested in receiving the instant activation product I bought 6 days ago and paid for in full.

I guess part of me is much less patient having been through these issues before with Gaw, and hearing about them from so many miners. So what can I say about Hashlets?

-over 100% price increase in the initial good since launch
-failure to deliver purchased goods
-failure to deliver features when promised
-failure to make sure all the Hashlet icons on the website are even the same size

Fortunately GawMiners is headquartered in CT, so there's always the option of Better Business Bureau complaints. Hey maybe Gaw can make good on this, but right now, I'm less than impressed.

Riiiight. You're full of crap.

Hmmm ... sounds like that is just a small part of the story.   It doesn't ring true.

I'm assuming your hardware was hosted.   If that is the case and they closed your account I'm sure they would ship your hardware to you.   A phone call might be needed.   

Just like you are a spammer and a sockpuppet and need to be banned.

The only thing this faker lost is the ability to tell the truth.

So how did you lose $15,000 to GAWMiners?

Smells very much like a Ponzi scam

In the land of the free it's most probably forbidden
In Europe it's legal in most countries, or at least legal if you don't break the encryption in that country. So buying a code that has been generated elsewhere is fine. Thing is that with 2 GPU's it takes between an hour and a day to crack a simple 20 euro phone. That friend sometimes gets batches of a thousand to unlock. Not worth if on GPU's only. Would easily take a month or so with a small farm, so even if it's a bit more expensive then what he would generate in BTC with the same hardware he would go for it in a split second. I wouldn't be surprised with for example 30.000 simple Nokia's that are sold daily with a simlock about half would at one point end up renting capacity somewhere if you could make it work

Especially SHA-256 is used widely. I'll ask him about his ideas about it. On the other hand, if someone wants to figure out stuff through payouts on my two hosted S3's blockchainwise I can supply a range of 8-9 payouts with tx info and such. Since they "should" be mining straight BTC.

I don't see much options to put Scrypt to work on other options than cryptocurrency.

Nokia? What's that? 

Yeah I'm sure there could be a use for brute forcing something SHA256-based, maybe even more obscure algos like Scrypt as well, but it's hard to imagine that there is a legitimate market to the tune of 100-200 BTC per day. And isn't SIM unlock illegal in the US nowadays?

"A" for the effort though

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.

Well I agree that BDD stuff is very well documented.   That wasn't always the case, it took a some time for everything to get documented well.   Even now most don't seem to read the documentation are often confused by events.    Also BDD is the second generation of that type of virtual mining.  

Time will tell with the Hashlets.   It isn't clearly documented, hence all the guesswork and putting together of information.   On the other hand, it is simple compared to the BDD securities.   There are a few wrinkles like with HashPoints but mostly just let it go.  

In time there should be an easily tradable market for the Hashlets.   That is the key thing that lead me to put a bitcoins into it.    That will make a difference I think.   However the lack of clarity and the fact that the only current way to sell the Hashlets is more like a black market than an exchange style market keeps me from putting very much into them.  That may turn out to be my loss, but it is better to gain a little than to lose a lot.

As far a failing to see the change, there has been a lot of change in the Hashlets even since this thread was started.   It might be headed to some kind of cross between CEX and BDD.   However some of the talk is just marketing fluff too. 

The "3 months" part is automatically generated by the website based on current date, you don't think everybody on Linkedin update their profile every month do you? Don't read to much into it. He probably added ZenMiner in June and forgot about it.

Not sure why you're telling me to buy more, but no, thank you.

I think the trouble I'm having with this comparison is that unlike BDD (B.MINE/SELL) - which are purely theoretical concepts, very well explained, fully funded, and sold without any gimmicks, essentially allowing you to bet for or against difficulty increases - GAW hashlets are so messed up that it's impossible to gauge the risk. Judging by their marketing this is deliberate ("grandma approved") and there is also some indication that GAW themselves may have a very weak handle on all of this (huge price swings, fumbling explanations, bizarre pool-based branding etc).

Besides Prime was supposed to be this genius idea to change the mining industry forever. If it's just "like CEX" or "like BDD" or "some mysterious entity renting most of our hashrate" then I'm failing to see the change.

Project Manager
ZenMiner
June 2014 – Present (3 months)...

June + 3 months = to August 2014 ...completely as of today ...seems like UP to DATE...

FACTS...even gods are silent, buddy...DON"T argue any more, please...Just accept them...

Ponzi...Maddoff...Josh/GAW's "Hashlets"... OR buy MORE of them..."Make MONEY"...Good luck...

Cheers,

ZiG

Ok, so Eric is likely not the ex-owner / ex-president and perhaps not a millionaire either. Or his Linkedin profile is not up to date. He does have some interesting background... Air Force... firewalls... flash chips... good stuff.

Summing up what we have learned for Zen/GAWMiners/Josh email.
Hashlets are some kind of virtual shares of a larger mining/business operation.    The yield of Hashlets is currently tied to a pool, but at least for the Prime Hashlets (most expensive) that could change at any point in the future.    A Hashlets seems to have some software associated with it as seen in the variable hashing rate.

Money taken in form Hashlets sales isn’t used to directly play out daily yields, although that may be more of an accounting gimmick in some sense.   Anyway, it seems likely that those funds are used to invest in the various mining operations.   These operations produce the income that is paid back to the Hashlet owners.  Various operations are in part:
-   From at least scrypt, scrypt-N and bitcoin mining;
-   Crypto Currency day trading;
-   Mostly from leasing out hashing power to other companies. 

The amount income paid back to the Hashlet owner is currently limited by a pool yield and reduced by a maintenance fee.   The maintenance fee is could be related to the actual cost of mining hardware used in the profit generation for GAWMiners or it could be just an accounting expense used to reduce gains. 

Slowly we are starting to get a picture of what these Hashlets are. Personally I don’t have a problem with virtual mining as I have done very well with B.Mine, B.Sell and B.Exch on HavelockInvestments.   I haven’t done well with real mining.