Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 222. (Read 262935 times)

How do you know Josh and Eric are lying? You have no fact, just speculation. And the fact that they choose to ignore you does not make them liars

Yes, interesting news here day by day..

i have some insider information which proof that two weeks ago, GAW and Zenminer were really two sepparate, competing companies ( i can not tell you more details.. ) . so everybody who thinks this is a long planned fraud system might be wrong.. so i might say the $8 Million story is true.. ( http://www.coindesk.com/gaw-zenminer-8-million/ ) zenminer had better prices than GAW ( store.zenminer.com was occasionally 20% cheaper than gawminers.com) , so they had to assimilate them

In my eyes, josh is a man wth great visions. with reselling zeusminer hardware in massive amount under the gaw logo, he made his millions. remember: material costs of a miner might only be 10% of the hardware price. and zeusminer itself always showed low interest in having low prices.. so most hardware might be sold under the logo of GAW and Hashra.. so now he has to see where the next money can be made.. so he has crazy ideas, like bringing Antminers to the US or now this new Hashlet..

The Haslet.. We yet not really know what it is.. very intransparent.. but aren't that all cloud mining companies? they all payout btc intstead of sending hashrate ( except cex.io ).. i think there might be a really interesting concept behind it.. which can not be revealed yet.. maybe he bought nicehash.com or another big pool.. and can indeed aquire a hashrate of 103800.76 Mhash ( https://www.zenminer.com/pool/ ) just from one day to another.. or has a hardware deal with one of the companies who claim "we will deliver 250Mhash Miners very soon".. we just will have to see..

is it too good to be true? at the moment we make with litecoins 0.00034 BTC / MH / d = 0,17 USD / MH / d.. the fee is 0,08 USD / day ( https://cloud.zenminer.com/maintenance-cost ).. so we have earliest ROI of our 16 USD in 200 days .. not very promising.. the real rate in my account is at the moment 0,07 USD at nicehash and 0,11 USD at Zenpool.. ( might change after 24 hours )

So what speaks against a ponzi scheme?

• The price for 1mh is fixed at 15,99 USD. So the price is 0,03198 BTC today and will tomorrow maybe be 0,02665 BTC . The Payout is in BTC. When they do not mine, they have to change USD against BTC every day.. credit card transactions might take 3 days, so there is a new exchange rate.. so they would not have any planning reliability. Having USD is no problem when you pay your Hardware suppliers in USD
• there is no incentive to buy big packages. 1mh is 15,99 and 10mh is 159,9 and 100mh is 1599.
• there are no earning promises like "make one bitcoin a day"
• it is just the continuation of the zenminer principle, without the need of shipping physical hardware
• zenminer is in my eyes trustworthy. i just received 0.5 BTC from my cloud miners.
• there is no affiliate system, like on every big scam. why should they scam 100 people on hastalk, when they could scam 10.000 people with a big marketing campaign. GAW Resellers get 0% discount on the 15,99 USD and only the usual 3% referral provision

Investing money is always a question of security vs opportunity.. Never invest money that you can’t afford to lose!

@sirux
You have ANY proff, its a delicate question they for sure for scrypt and hosting are number one, I know many competitors are pissed off... whan I look what they write I see hashlet as "some" HW that mine "some" algo with best profitability as possible then they share the profit with ppl that are renting it, is it scrypt N, sha or what ever they sure atm had not disclosed

Hm....shouldn't LTC difficulty skyrocket after this has been introduced. Supposedly, lots of people bought this and started mining LTC immediately?

I own/operate Multipool.us.  If someone from GAW miners can give me your username(s) on the pool, I can verify your hashrate.  Or, you can set up a "handle" via the account page and it will appear rather than your User ID under the top hashrates for each coin (assuming you are within the top 15, which should be easily within your capabilities.)

For the record, I have not been contacted (to my knowledge) by anyone at GAW miners about setting up an account, IP whitelisting what would most likely be a massive number of workers, etc.

Some details emerging about the maintenance costs:

https://hashtalk.org/t/hashlet-support/6264/172


I can see now how this could play out. They never said that upgrades and maintenance cost reductions would be free. Users can be sucked into paying for upgrades to chase the ROI.

A miner that doesn't "lose" money is not that crazy, imagine if they just turn it off and then pay you $.01/year as long as you want.  Never unprofitable!

That actually fits well with the odd "reduced fees over time" claim.  Once your fees are more than you actually make they could drop or reduce the fees so that you can still be in the black in any given time increment, but stuck in a Xeno's Paradox of ROI.

Glad I found this thread, I thought I was alone thinking this just sounds insane. Now I know why they started that hashtrader forum or whatever it's called. To keep common sense at bay. I don't understand what GAW is up to, but a miner that is never unprofitable is impossible..even if it's digital

Well that's one of the reasons this thread exists to begin with. I doubt we will ever know what ZenPool is mining if it's mining at all. The whole thing is extremely shady IMO.

I have not mined in quite awhile, but I just googled one of the LTC calculators and inputted the 1000KH with zero fees and zero electricity.  It estimated making ~$.17/day/MH.

$.30/day/MH is considerably higher, so if that is the case then that lowers it to only 72 days to pay off the initial miner, which is startlingly quick.

Clearly no one knows the price of LTC or BTC in the future, but if you are not long LTC/BTC then mining is no place to be.




edit:  hmm that $.30/day/MH is impossibly high for LTC, so what is ZenPool mining?  Some floating combination of scrypts that are then traded into BTC by the pool?

How did you come up with these numbers? ZenPool pays ~0.0006 per Mh/s per day currently, which is $0.30 if BTC is at $500. That is 0.30-0.08 = $0.22 per day after maintenance fees. There is no way to tell how this is going to look like after a year, or even a month or tomorrow.

Thanks!  So that means you are making $.09/day/MH, which is not quite as bad as it might sound.

That means at the end of a year you make $32.85/MH less hardware costs, which is actually more than one receives on BitFinex right now with the low swap rates. Surprisingly decent, even without these mysterious "self-reducing maintenance fees."

Makes me suspicious!

I think they are deducted daily. I'll check when I get my payment. Here is what I found about maintenance fees:

https://bitcointalksearch.org/topic/m.8390902

What are the maintenance fees?  It seems like you are losing a few cents every hour just by running them...

Just activated my first set of Hashlets on Zencloud. Getting the specified hashing power, just wish there were more pools to choose from (and more coins, would love to mine just Doge).
They were bought, paid for and activated in less than 2 hours.

Why not? You're great at creating new threads about GAW. This must be love.

Linked post doesn't state that it's paid in cash. Could he shares, earn-out etc etc etc.

http://www.coindesk.com/gaw-zenminer-8-million/

I personally don't feel that a company "out of cash and desperate" would spend 8 million dollars. Just my .08 cents

I have reorganized the OP to put main focus on the Hashlet, since that is where this is going. I have quoted the initial post unaltered to avoid any confusion with the edits.

is there someone here who has tried to unhost their miner?
is the condition of miner still good?
I have read about someone who unhost his miner, and when the miner arrive at home the miner condition is really bad.