Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 40. (Read 262934 times)

Oh so its a fake report? Maybe the SEC has to review the report before they actually do any Administrative Proceedings

There is no SEC official administrative proceedings/investigations on GAWS/Zen, this is the SEC investigation list.

http://www.sec.gov/litigation/admin.shtml

Plus the SEC would not get involved in the reasons he has listed, those TRC file numbers are also not something the SEC uses... maybe another agency but not the SEC.

Sorry I'm a noob from hashtalk and I didn't know this forum existed.

Gawminers is looking for a new CFO?

https://coinality.com/jobs/cfo-gaw-miners-bloomfield-ct/

Gawminers current CFO is stepping down? http://www.gawminers.com/pages/team

Might have to do with the fact that the CFO would take the blame if the SEC knocked on their door?

GAW under sec investigation? - https://miningadvocates.org/forums/showthread.php?tid=4&pid=4#pid4

Smoke and mirrors is a good way to describe this article. TechCrunch usually has no journalistic integrity, by the way.

-Sahra

This sounds like a bunch of crap and another smoke and mirrors.

"If the first phase of the company’s business plan is selling cloud mining services"
Just what bitcoin needs.

"the second is providing priority services for transactions, so that certain customers can get their transactions approved ahead of others in the blockchain"
Since the blocks aren't full yet (and Gavin is working on that), this is a complete no issue.

That's easy. There's a number of people in this thread, who registered on this forum just to troll. Some of them are doing it because they were banned for the same thing on hashtalk and can't handle it, while some are here for the money. Bashing another crypto company is also a form of PR. Just read some of their posts: "GAW is so bad, but try XXX, they are great".


LOL, at least I'm not afraid to use my forum account instead of sockpuppets. Your friend already apologized, what happened to you two, did you have a disagreement?
Your trolling is so pathetic, the first thing you did when Josh posted the bitcoin confirmation thread was to go and laugh that its a fail. Now you're acting like it never happened, but who am I talking to. Come back when you grow up.

Oh, a thing I thought about, what could be the issue here is that they (GAW) are always vulnerable to a certain arbitrage risk.
They have inflow of BTC and USD but payout in BTC.
Outflow is BTC and USD (for hardware/electric/whores/airplanes*)

They ought to have a sort of financial planning for 1-3 months ahead with cash flow and such.  If they'd aimed at converting mined BTC from their hidden Ant S3 farm that they bought with all the hashlet money into USD to pay for costs and the conversion rate tanked they could very well get in trouble. I mean, if everything is going as it should be risk is probably low but with a bit of "let's go for more bitcoin instead of USD" enthusiasm or anything other being different than mining which is accounted for/visible in the zencloud and a sudden dip in BTC price could very well destroy their business in a few weeks. If they'd save bitcoin and set it aside for future costs (after hashlets were bought) hoping BTC would go up and it didn't they could very well have to convert btc at a lower rate and fuck up their planning.
One thing they do is buy and sell hashlets in USD (and convert in BTC based on the rate of that moment). What I did the last few weeks is when BTC went down hard is sell a few hashlets and buy them back (or at least a few) for less BTC a week later when BTC had recovered enough.
I could very well understand that buying hashlets with them with BTC has been shut down for some reason relating to such a mismatch somewhere.

They could very easily get mixed up if the difference between the two "currencies" they work with fluctuates 20% or more. (which it did) It's not for nothing that big companies hedge forex dips to keep their business safe.

*=whichever side of the tinfoil spectrum you're on

Hi all.

For information :

http://techcrunch.com/2014/11/02/bitcoin-brothers-aim-to-disrupt-bitcoin-mining-with-new-more-powerful-supercomputers/

For like $3 you can buy something like 1000 followers.. Just did an audit on him, 1/3 fake and many shills, doesn't shock me because its the same thing on his forum.

Most of his followers are fake, 1/2 of them follow only potcoinfan (shill accounts), 1/3 follow Cleezy Mercedes, and they follow Cleezy Mercedes, there are like 9 different Cleezy Mercedes accounts following each other. And if you see the pics on the Cleezy Mercedes accounts, its dudes butt naked holding their... When you pay for followers that's what you get.. He is very a desperate person. Now I get what he meant in his Weird Christian video.

I'm not kidding: https://twitter.com/gawceo

Lmao, hey I think the post you started is one of the greatest posts on this forum, very informative and honest + I thank you for it.
Please dont place me in same sentence as bitgeek :p my answering and or feeding him got me on OP 1st page (am not saying I did the right thing ).. :p

com·mu·nis·tic  (kmy-nstk)
adj.
Of, characteristic of, or inclined to communism.
commu·nisti·cal·ly adv.

This.

I_IZ_CEO, you're on that list because you were making a mess of this thread a couple of months ago along with the other persons mentioned there.

You can still post here all you want, I think you realize by now that my warning in the OP is in no way enforceable. In fact I was considering to remove it but funny thing happened - both you and your buddy bitgeek suddenly became concerned today about my ignore preferences. So I'll wait for a few days to see what y'all are up to.

"communistically" LOL

Yeah, okay man. I guess the OP was right on the money there calling you a troll  . I shouldn't have fed ya. Go back to your bridge!

Now that BTC is obviously heading back under 300 one has to wonder how that will fit their (and other cloud mining operators´) plans. If you go back six months or so you will see extremely wonderful predictions of BTC prices from experts and mining geniuses. So you can imagine their investments since then and financial situation now. The bankers are most likely becoming very uneasy.

Please show where I have "derail the discussion".....
I will take his advice and communistically place you on ignore not to "derail the discussion"
Thanks

I made two withdrawals last night and both took about an hour before Zen actually sent the bitcoin.   It was broken, but it was very slow.   The withdraw showed in the balance window but that was all that could be seen until they finally sent the bitcoin.   I wonder if they just added a queue or something to the coins getting sent.

What you are claiming is GAW has cash flow issues.   While it could happen it is really unlikely unless they had a lot of bitcoin stole from them.   There isn't any hint of that, at least yet.   GAW does have a lot of mining and they have managed to get most people to except HP instead of BTC, so they probably have a lot more BTC than before.   It is more likely they are using that to get GAW many buckets full of HashCoin when it comes out.    I think GAW will make more money on this coin than anyone else.   

Withdrawals seem broken, for the last few hours.