Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 28. (Read 262935 times)

You are talking about Volder and Josh? Notice all the pics, with the exception of the Vegas rental, are just the cars or Josh standing next one, not driving them? Here in Rancho Bernardo in N. San Diego, I can walk down the block to Sony's Electronics USA headquarters, buy some cool guys there lunch, and stand next to just any about any exotic car I wish for a photo shoot... but that doesn't mean I own it. Likewise, even if I have a garage full of both practical and bada$$ exotics (two of which I paid for with crypto), what does it prove showing them off online to my customers other making me appear like a fool who charges them too much?

I have found in life that the majority of those who actually earn the nicer things in life they enjoy, tend to not advertise or show it off to strangers if given the option. Those who do, either have something to prove or are trying to be something they're not. -just an opinion.

Scott

Maybe I missed it in this thread somewhere but what site is this screenshot from?

OK, thanks. I just check and my day one account that has 11MH/s is not doing anything to write home about. Below is a what one month equates to. Like GAW, it is a dead-investment with little chance of ROI.

Moral of the story, guys. Keep your crypto and HOLD...

https://i.imgur.com/6Vx168q.png

This is yesterdays pay out for 20gh

2014-11-04 18:20:23 Maintenance Fee -0.00011305
2014-11-04 18:20:23 Mine 0.00023650

Which is about an average day...
I will probably move it up to 1T the next time they have a 50% off sale.

I don't know if you've ever been to hashtalk, but some people there are driving cars worth over $100k

What is your view of their payouts? I have had a very small account there since BETA so I haven't really looked in to my options. I think I have made a whopping 4 LTC this past month with 11MH.

Scott-

What is your view of their payouts? I have had a very small account there since BETA so I haven't really looked in to my options. I think I have made a whopping 4 LTC this past month with 11MH.

Scott-

Stopping hashlet sales (not just Primes; you can't buy any new hashlets on ZenCloud although Solos might be available from gawminers.com) is a bit puzzling, but it might make sense depending on how active the Market is. Selling new hashlets would require them to spend more and more on daily payouts and/or add more hardware - depending on how you imagine their business model - whereas in the current situation they can take 10% of all Market sales without increasing anything in their backend. And the best part is that the 10% comes in the form of cash (BTC), while daily payouts are being forced into HP.

If you were GAW and the intention was to run a large Ponzi, wouldn't you keep inflating the payouts and charging $49.95 per MH for Prime? Instead they discontinued selling Hashlets for now. Certainly all our questions will be answered in the next month. Do they have the partners they claim? Will Hashcoin launch with the value they are predicting? It certainly is going to be entertaining to watch.

Meanwhile over on their competitors site https://zeushash.com/ is running like a finely tuned watch, I suspect they will be taking many of GAWS customers while Josh and his minions show the world what a train wreck looks like.

My prediction for hashcoins for the record:

(1) Zenpool will continue to suck and possibly get worse

(2) Hashpoint pool will continue to generate record hashpoint returns, forcing prime and zen owners to move to hashpoint mining (which is of course non-existent)

(3) Relieved of the requirement of making BTC payouts, GAW will be able to fix some of the more glaring red flags (like the constant inability to withdraw, maintenance down times, etc.) which are related to the fact that GAW is not yet actually mining anything.

(4) GAW will launch its round 1 ICO, which will force hashpoint conversions into hashcoin, but that is no skin out of GAW's hide since its all premining.

(5) GAW will announce that its lawyers/investors/retail partners (pick one or more) have decided that selling hashcoin for fiat is problematic legally, so they cannot do it.  GAW will advise users to exchange hashcoin on the exchanges; maybe will even have a deal with one or more exchanges to make this automatic.

(6) Hashcoin on the exchanges will be nearly worthless.

(7) GAW will apologize and blame the whole mess on the U.S. legal regulatory system and/or its lawyers/investors/retail partners who just don't "get it"

( GAW will come up with some other plan/scheme to monetize hashcoin... and in the meantime will allow users to buy hashlets for hashcoin.

(9) In the meantime, GAW will be able to buy real mining machines since its payouts on hashlets are ll in worthless hashcoin/hashpoints, which allows GAW to use its mining and hashlet sales to actually purchase hardware.

(10) GAW, if they do not blow up legally, might eventually succeed in becoming a cloud mining company with real miners.  Since its users bought in at $16-49 per mhs, and by December prices for ASICs will be down to $5/mhs... there is plenty of room for GAW to transition to a real cloud mining company using customers money ... as long as they can stave off withdrawals and payouts for a couple more months.  Of course hashlets will be worth $5 / mhs by then too.

(11) Hashcoin will end up where GAW started - as a loyalty program.

( GAW will come up with some other plan/scheme to monetize hashcoin... and in the meantime will allow users to buy hashlets for hashcoin.

My prediction for hashcoins for the record:

(1) Zenpool will continue to suck and possibly get worse

(2) Hashpoint pool will continue to generate record hashpoint returns, forcing prime and zen owners to move to hashpoint mining (which is of course non-existent)

(3) Relieved of the requirement of making BTC payouts, GAW will be able to fix some of the more glaring red flags (like the constant inability to withdraw, maintenance down times, etc.) which are related to the fact that GAW is not yet actually mining anything.

(4) GAW will launch its round 1 ICO, which will force hashpoint conversions into hashcoin, but that is no skin out of GAW's hide since its all premining.

(5) GAW will announce that its lawyers/investors/retail partners (pick one or more) have decided that selling hashcoin for fiat is problematic legally, so they cannot do it.  GAW will advise users to exchange hashcoin on the exchanges; maybe will even have a deal with one or more exchanges to make this automatic.

(6) Hashcoin on the exchanges will be nearly worthless.

(7) GAW will apologize and blame the whole mess on the U.S. legal regulatory system and/or its lawyers/investors/retail partners who just don't "get it"

( GAW will come up with some other plan/scheme to monetize hashcoin... and in the meantime will allow users to buy hashlets for hashcoin.

(9) In the meantime, GAW will be able to buy real mining machines since its payouts on hashlets are ll in worthless hashcoin/hashpoints, which allows GAW to use its mining and hashlet sales to actually purchase hardware.

(10) GAW, if they do not blow up legally, might eventually succeed in becoming a cloud mining company with real miners.  Since its users bought in at $16-49 per mhs, and by December prices for ASICs will be down to $5/mhs... there is plenty of room for GAW to transition to a real cloud mining company using customers money ... as long as they can stave off withdrawals and payouts for a couple more months.  Of course hashlets will be worth $5 / mhs by then too.

(11) Hashcoin will end up where GAW started - as a loyalty program.

It lasted an hour, some technicalities which I honestly didn't get. One of the things I did was that that they claim to have enough cash to convert all the existing hashpoints into financially backed coins.
The name of the coin is still unknown and you won't have to convert if you don't want to.
They are planning to allow coin mining with genesis hashlets and allow to upgrade the other hashlwta, because people were complaining some of them lost profitability and market value.
Not much details about merchant adoption, they are talking with numerous companies no names were given. Same with adoption in different parts of the world, they are in talk with some companies from the EU.

Hey what happened to all the people defending there rainbow n unicorn gawawsome company? Use to see about 50/50 split...did they all lose faith and give up? Or did gaw run outta koolaid?