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Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 63. (Read 262935 times)

legendary
Activity: 3654
Merit: 8909
https://bpip.org
I'm at the end of a 16 hour shift so I might be hallucinating a bit but this backtracking sounds to me like they are doing us a favor by not charging the fees. How could one possibly need a call from a "lead developer" to find out that fees are not being charged if this has been all over the forums for weeks and anyone with two hashlets to rub would have seen it the first day after they clicked DD/Boost. What, nobody at GAW actually owns Prime hashlets? Well, at least he personally thanked me, I was indeed very calm, didn't even pull a pitchfork from my shed.

https://hashtalk.org/topic/14539/prime-dd-maintenance-fees

Quote
GAW_CEO
Global Moderator
Industry Innovator

Prime DD Maintenance Fees

I am aware of all the threads and concerns about this.

Here is what happened:

Yesterday, I got a call from one of my lead developers and they said, “Josh, there has been an oversight in ZenCloud that has allowed customer to DD without any maintenance fees. We are correcting this.”

We are completely under the impression that this should have been charged all along, and it was a oversight on our part. I have the mods searching through all our posts to find any specific place we said, “Maintenance fees would not be charged for DD time.” No one has found a specific reference.

When we make an accounting error that leaves a customer with less money then they should have gotten, they demand we correct it, and we do. This is an accounting error in the other direction, so it’s natural that we would do the same thing.

In short, we made a mistake in how we charged for this feature, and an assumption was made that this is the way it will always be.

But, as a company, we hold the responsibility of being clear in the way we communicate things to our customers. Our job is to protect you and your investments. I have always believed that if we put customers first, revenue and success will follow. So, we have to stand by the principles that our company was built on, both when it is easy and when it is hard.

We will not charge any Maintenance Fees for the DD feature and you have my apologies for us “temporarily” losing sight of why we are here.

And a personal thank you. To those that remained calm, and gave us the benefit of the doubt :grinning:
sr. member
Activity: 308
Merit: 250
CEO FlawMiners TM®
Wow, just realized I've been posting for days on Hashtalk not knowing I was shadow banned and nobody could read me... no idea why and it seems like the CEO is the only one who can undo those types of bans now.  

I've been critical but never bashed them... This is just wrong.

Lmao.. You belong in the:

 GAWRefugees for when GAW BANs everyone.

https://bitcointalksearch.org/topic/m.9352940

I posted that I will call INS and have you all sent back to trashtalk :p
sr. member
Activity: 430
Merit: 250
AS8UDRR8Dc4wTyZkMT7Z5vaXtiWK9zh5Hb


Feel free to embrace the irony of this news that broke today and the advertising while you read the story  Shocked  

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I did read about this 1-2 days ago, I cant remember if it was on that site or another one. There was also an article on coindesk today "FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters"
I wonder if thats why that $52 million dollars in BTC is moving around today.

There is a lot of repositioning going on, I suspect it is more from people in the US wanting to claim year end tax losses and buy back in after 30 days... similar to what they do with stocks?

I dont think this is an average Joe moving this around plus the SEC &vFinCEN are going after the companies.
This is one address that is moving a lot of BTC today:

https://blockchain.info/address/1KryFUt9tXHvaoCYTNPbqpWPJKQ717YmL5

and a link I posted above here on bitcointalk about the SEC letters going out.

https://bitcointalksearch.org/topic/spoetnik-warned-you-all-hes-sicking-the-sec-on-your-ass-now-837026


[/quote]

Well last post since we are off topic now, oh no doubt what you posted has a lot of validity, But the SEC is like a bunch of aggressive beggers, they will impose fines get their cut and be done with it until the next time they need their lunch money or executive year end bonus. Most companies just consider SEC fines the cost of doing business. I doubt the SEC sending voluntary letters will cause much of a stir... plus the IRS ruled Bitcoin property so it isnt so much "selling unregistered securities" as bartering unregistered securities if they took BTC for their funding LOL. If you want to conduct a BTC business go offshore, Belize, Panama or Luxemburg to be safe and avoid the regulatory hokey pokey.

But you could be right the SEC could be causing the sheeple stampede.... it doesnt take much to spook the flock. I am still hoping its simply tax loss selling and people come back into BTC around the end of November first week of December for the Holiday shopping.
sr. member
Activity: 372
Merit: 250
Wow, just realized I've been posting for days on Hashtalk not knowing I was shadow banned and nobody could read me... no idea why and it seems like the CEO is the only one who can undo those types of bans now.  

I've been critical but never bashed them... This is just wrong.
sr. member
Activity: 308
Merit: 250
CEO FlawMiners TM®


Feel free to embrace the irony of this news that broke today and the advertising while you read the story  Shocked 

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I did read about this 1-2 days ago, I cant remember if it was on that site or another one. There was also an article on coindesk today "FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters"
I wonder if thats why that $52 million dollars in BTC is moving around today.

There is a lot of repositioning going on, I suspect it is more from people in the US wanting to claim year end tax losses and buy back in after 30 days... similar to what they do with stocks?
[/quote]

I dont think this is an average Joe moving this around plus the SEC &vFinCEN are going after the companies.
This is one address that is moving a lot of BTC today:

https://blockchain.info/address/1KryFUt9tXHvaoCYTNPbqpWPJKQ717YmL5

and a link I posted above here on bitcointalk about the SEC letters going out.

https://bitcointalksearch.org/topic/spoetnik-warned-you-all-hes-sicking-the-sec-on-your-ass-now-837026

sr. member
Activity: 430
Merit: 250
AS8UDRR8Dc4wTyZkMT7Z5vaXtiWK9zh5Hb


Feel free to embrace the irony of this news that broke today and the advertising while you read the story  Shocked 

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I did read about this 1-2 days ago, I cant remember if it was on that site or another one. There was also an article on coindesk today "FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters"
I wonder if thats why that $52 million dollars in BTC is moving around today.
[/quote]

There is a lot of repositioning going on, I suspect it is more from people in the US wanting to claim year end tax losses and buy back in after 30 days... similar to what they do with stocks?
hero member
Activity: 504
Merit: 500
Somebody already showed these 4 year old comments couple days ago. Nowadays you can write almost anything online and can be sure someone will copy&paste it somewhere.
BTW, "1 google review" - sounds reliable Wink

Somebody already showed these 4 year old comments couple days ago. Nowadays you can write almost anything online and can be sure someone will copy&paste it somewhere.
BTW, "1 google review" - sounds reliable Wink

I know very well they have been posted before. The comments from the link are as recent as 2 years ago and the review was 5 months ago as clearly stated. Find me one good review anywhere at any time.
vip
Activity: 1316
Merit: 1043
👻
sr. member
Activity: 308
Merit: 250
CEO FlawMiners TM®


Feel free to embrace the irony of this news that broke today and the advertising while you read the story  Shocked  

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I did read about this 1-2 days ago, I cant remember if it was on that site or another one. There was also an article on coindesk today "FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters"
I wonder if thats why that $52 million dollars in BTC is moving around today.


There is a post about the SEC one and Spoetnik posted the letter that was sent to CEX.IO



https://bitcointalksearch.org/topic/spoetnik-warned-you-all-hes-sicking-the-sec-on-your-ass-now-837026
hero member
Activity: 826
Merit: 500
Well I think it might be time for me to stop going on hashtalk. Reading everyones post about how they will not charge us for fees makes m sick. They act like josh just gave them something great. All thy did was not implement another fee when they already are taking so much as well as having some of the most expensive $/mhs. I have been a GAW supporter but if anything it shows how they will change things at will. They wanted those fees if they planned on those fees there is no stoping them from getting them a different way.
member
Activity: 71
Merit: 10
Looks like the outcry has made them backtrack on dd fees. I guess they'll come up with a way to syphon off more coins.

This one is from the Bill Clinton school (you know, "what the definition of "is" is"). It depends on what the definition of "free, forever" is. LOL
sr. member
Activity: 430
Merit: 250
AS8UDRR8Dc4wTyZkMT7Z5vaXtiWK9zh5Hb
I think this is a great lesson on why you should not pay $50 / MH based on claimed but not detailed or promised future features, and where existing features may even be modified against you.

-Sahra

So far no problems with your site and the other cloud mining sites I have invested in, plus thanks for the free ones to try before I purchased.





The news does indeed seem shady as hell and caused me to think the same thing about trying to ingite panic selling.  If there is one thing I have learned its that every time you panic sell in investing and especially crypto you get burned.  


Some of us have been in this game for a little while and have burn marks from bad investments, trusting exchanges etc. Lost some BTC @ MTGOX, CRYPTORUSH, and COINEX.. Made some good investments and some bad ones. I am a lot more careful and do not trust anybody in the crypto world and to be honest I kinda am glad I did get burnt, It opened up my eyes and I kinda needed it. Good luck

Edit:
A good gov site with all the warnings, but I know most "Investors" Will not read it..

Investor Alert: Bitcoin and Other Virtual Currency-Related Investments

http://investor.gov/news-alerts/investor-alerts/investor-alert-bitcoin-other-virtual-currency-related-investments#.U2uV1PldV1Y


He hits every nail on the head:

As with any investment, be careful if you spot any of these potential warning signs of investment fraud:

“Guaranteed” high investment returns. There is no such thing as guaranteed high investment returns. Be wary of anyone who promises that you will receive a high rate of return on your investment, with little or no risk.

Unsolicited offers. An unsolicited sales pitch may be part of a fraudulent investment scheme. Exercise extreme caution if you receive an unsolicited communication – meaning you didn’t ask for it and don’t know the sender – about an investment opportunity.

Unlicensed sellers. Federal and state securities laws require investment professionals and their firms who offer and sell investments to be licensed or registered. Many fraudulent investment schemes involve unlicensed individuals or unregistered firms. Check license and registration status by searching the SEC’s Investment Adviser Public Disclosure (IAPD) website or FINRA’s BrokerCheck website.

No net worth or income requirements. The federal securities laws require securities offerings to be registered with the SEC unless an exemption from registration applies. Most registration exemptions require that investors are accredited investors. Be highly suspicious of private (i.e., unregistered) investment opportunities that do not ask about your net worth or income.

Sounds too good to be true. If the investment sounds too good to be true, it probably is. Remember that investments providing higher returns typically involve more risk.

Pressure to buy RIGHT NOW. Fraudsters may try to create a false sense of urgency to get in on the investment. Take your time researching an investment opportunity before handing over your money




Feel free to embrace the irony of this news that broke today and the advertising while you read the story  Shocked 

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/
hero member
Activity: 868
Merit: 1000
Looks like the outcry has made them backtrack on dd fees. I guess they'll come up with a way to syphon off more coins.
hero member
Activity: 504
Merit: 500
When this completely fails which ultimately it will no one can truly say they didn't see The Writing on the Wall. At least I hope they can't. Josh is a megalomaniac. He made a lot of quick money(millions), got grandiose dreams of turning that into billions and got drunk on his own koolaid and turned into a power hungry madman loving the limelight. Bottom line is he completely lacks the skills to handle even a two-bit ISP in rural New England. I wouldn't be surprised if Zencloud never comes back online. Anything sound familiar here?

Great Auk Wireless
1300 Putney Rd, Brattleboro, VT
Write a review
1 Google review
Mark Lanoue
5 months ago
The most unreliable internet service on the market!!!  DON"T even think about it!!!  Dial up may be slow, but it's more reliable then GAW!  Customer service is basically non existence, they either don't answer, or a machine takes a message.

http://www.topix.com/forum/city/canaan-vt/THJFBNV4MIFIR075C
sr. member
Activity: 308
Merit: 250
CEO FlawMiners TM®
I think this is a great lesson on why you should not pay $50 / MH based on claimed but not detailed or promised future features, and where existing features may even be modified against you.

-Sahra

So far no problems with your site and the other cloud mining sites I have invested in, plus thanks for the free ones to try before I purchased.





The news does indeed seem shady as hell and caused me to think the same thing about trying to ingite panic selling.  If there is one thing I have learned its that every time you panic sell in investing and especially crypto you get burned.  


Some of us have been in this game for a little while and have burn marks from bad investments, trusting exchanges etc. Lost some BTC @ MTGOX, CRYPTORUSH, and COINEX.. Made some good investments and some bad ones. I am a lot more careful and do not trust anybody in the crypto world and to be honest I kinda am glad I did get burnt, It opened up my eyes and I kinda needed it. Good luck

Edit:
A good gov site with all the warnings, but I know most "Investors" Will not read it..

Investor Alert: Bitcoin and Other Virtual Currency-Related Investments

http://investor.gov/news-alerts/investor-alerts/investor-alert-bitcoin-other-virtual-currency-related-investments#.U2uV1PldV1Y


He hits every nail on the head:

As with any investment, be careful if you spot any of these potential warning signs of investment fraud:

“Guaranteed” high investment returns. There is no such thing as guaranteed high investment returns. Be wary of anyone who promises that you will receive a high rate of return on your investment, with little or no risk.

Unsolicited offers. An unsolicited sales pitch may be part of a fraudulent investment scheme. Exercise extreme caution if you receive an unsolicited communication – meaning you didn’t ask for it and don’t know the sender – about an investment opportunity.

Unlicensed sellers. Federal and state securities laws require investment professionals and their firms who offer and sell investments to be licensed or registered. Many fraudulent investment schemes involve unlicensed individuals or unregistered firms. Check license and registration status by searching the SEC’s Investment Adviser Public Disclosure (IAPD) website or FINRA’s BrokerCheck website.

No net worth or income requirements. The federal securities laws require securities offerings to be registered with the SEC unless an exemption from registration applies. Most registration exemptions require that investors are accredited investors. Be highly suspicious of private (i.e., unregistered) investment opportunities that do not ask about your net worth or income.

Sounds too good to be true. If the investment sounds too good to be true, it probably is. Remember that investments providing higher returns typically involve more risk.

Pressure to buy RIGHT NOW. Fraudsters may try to create a false sense of urgency to get in on the investment. Take your time researching an investment opportunity before handing over your money


MOB
hero member
Activity: 493
Merit: 504
I think something funny is going on here with this "NEWS", the man that has inside information is posting on the forum quoting, highlighting "free" from the post made a couple of days ago. Fear appeal? I think they are trying to create panic selling.

Quote
Panic selling is a wide-scale selling of an investment which causes a sharp decline in prices. Specifically, an investor wants to get out of an investment with little regard of the price obtained. The selling activity is problematic because the investor is selling in reaction to emotion and fear, rather than evaluating the fundamentals. Most major stock exchanges use trading curbs to throttle panic selling, providing a cooling period for people to digest information related to the selling and restore some degree of normalcy to the market.

As most can see there is major panic in the forum, most will not wait for a "cooling period" and sell. I can see a lot of people getting screwed here.

Things I learned in marketing:
1: There are stupid people out there
2: There are more stupid people out there
etc etc...


Edit: someone is moving a lot of btc today, someone posted this in the forum,
About $50 mil was moved...

https://blockchain.info/address/1KryFUt9tXHvaoCYTNPbqpWPJKQ717YmL5

The news does indeed seem shady as hell and caused me to think the same thing about trying to ingite panic selling.  If there is one thing I have learned its that every time you panic sell in investing and especially crypto you get burned.  


Unless you are selling Enron 2.0 as it tanks. But yes, everytime I have panic sold BTC I have regretted it Wink
sr. member
Activity: 323
Merit: 250
Here's something to consider about GAW; if they are such a serious and well established firm with lot's of money how come they can't manage to keep a simple forum up 24/7? Hell 20/7 would be an improvement. This is something that should be intolerable to clients and potential clients because Hashtalk is so integrated into what you get. It's where you get announcement and where you bug them for help.

While we're on the subject of help, the ticket system is set it and forget it. That is you set it (send it in) and they forget it. I'm not joking, the ticket system is horrible and an embarrassment. How hard is it to hire more people? Heck, hire people in India to do this.

If they are so serious and professional why can't they nail down these very simple things? Of course HT is down right now btw.


I wish they would just admit they made a mistake in switching to it and ditch nodeBB

More announcements that rouse the crowd = more bandwidth usage on nodeBB. The irony.

It looks like they fucked us with the "no fee" promise. I switched a couple of primes to HashPool yesterday as soon as it became available, and still got charged full maintenance fees. Basically lost money (ON PRIMES!) because DD was not enough to cover the fees. The only hope now is that this was due to part of the day being not on HashPool - perhaps "no fee" applies only if the hashlet is mining HP the whole day. Going to conduct one more day of experiments out of my own pocket to verify that theory.

Isn't it ridiculous that they wouldn't just explain it for everyone. Plenty of people on HT asking the same thing, so it's not like it's some kind of unreasonable demand.

Since I read that buying with HP's is off I am hesitant to even try. One account I have has double the hashrate as the other account but for some reason doesn't get the double payout...
Have to dig into that.
Can't even buy Solos direct from GAW. It all points straight to HashMarket, which doesn't allow HP use.
sr. member
Activity: 252
Merit: 250
I think something funny is going on here with this "NEWS", the man that has inside information is posting on the forum quoting, highlighting "free" from the post made a couple of days ago. Fear appeal? I think they are trying to create panic selling.

Quote
Panic selling is a wide-scale selling of an investment which causes a sharp decline in prices. Specifically, an investor wants to get out of an investment with little regard of the price obtained. The selling activity is problematic because the investor is selling in reaction to emotion and fear, rather than evaluating the fundamentals. Most major stock exchanges use trading curbs to throttle panic selling, providing a cooling period for people to digest information related to the selling and restore some degree of normalcy to the market.

As most can see there is major panic in the forum, most will not wait for a "cooling period" and sell. I can see a lot of people getting screwed here.

Things I learned in marketing:
1: There are stupid people out there
2: There are more stupid people out there
etc etc...


Edit: someone is moving a lot of btc today, someone posted this in the forum,
About $50 mil was moved...

https://blockchain.info/address/1KryFUt9tXHvaoCYTNPbqpWPJKQ717YmL5

The news does indeed seem shady as hell and caused me to think the same thing about trying to ingite panic selling.  If there is one thing I have learned its that every time you panic sell in investing and especially crypto you get burned.  
full member
Activity: 322
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
I think this is a great lesson on why you should not pay $50 / MH based on claimed but not detailed or promised future features, and where existing features may even be modified against you.

-Sahra
MOB
hero member
Activity: 493
Merit: 504
Wow.

Instead of reducing maintenance fees to keep accounts positive GAW is raising maintenance fees on Primes. Wonder how long until GAW gets raided like BF Labs.

http://www.sec.gov/complaint.shtml
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