Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 82. (Read 262955 times)
October 20, 2014, 09:46:30 AM
Payout today is going to be the lowest ever.
October 20, 2014, 03:49:13 AM
Must be the abandon-GAW-week...
I too butchered my hashlets just yesterday. Having gotten in relatively early, I easily reached ROI and turned in some from butchering my overpriced primes and a handful of zens.
The whole prime-buyback clusterfuck was both hilarious and frightening to observe. First they promised a complete buyback. Then it reverted into a partial-buyback with mining profits deducted.
Then finally they implemented some sort of limited buyback scheme just before they opened the prime market. After this event, the buyback stopped and apparently they even introduced "cancel buyback"-button.
Smart bastards. Much more profitable to take 5% + 5% cuts form the open market, rather than taking a loss while buying back their own hashlets.
Thank gawd the prime hype is still going strong. I doubt I could have gotten out with my profits as easily after a few weeks, once people start questioning the project primes gawsumness.
After that point, nobody will fork out over 40$ for a hashlet, whose value lies solely in the hype and speculation.
Good to see someone else that see's through all the smoke and mirrors. And yea 'smart bastards' is right.
October 20, 2014, 02:33:29 AM
I don't know anything about hashie either but it's not fair to compare a pool to a "cloud" mining service. If you mine on a pool the most you can lose is the unpaid amount. There is no upfront "buy-in" and it would be quite complicated for a pool to scam you. "Cloud" service on the other hand is always a scam until proven otherwise 
, because they take your money upfront.
70 TH/s hashrate for three hours can be faked very convincingly without resorting to photoshop. Rent a few big rigs on MRR (which coincidentaly has a 3 hour minimum), point it to BTC Guild, will cost ~0.15 BTC and you'll get most of it back anyway.
I'm not saying that's what's happening, just pointing out the possibilities. This could be useful knowledge e.g. if you would like to start a cloud mining scam of your own
, because they take your money upfront.70 TH/s hashrate for three hours can be faked very convincingly without resorting to photoshop. Rent a few big rigs on MRR (which coincidentaly has a 3 hour minimum), point it to BTC Guild, will cost ~0.15 BTC and you'll get most of it back anyway.
I'm not saying that's what's happening, just pointing out the possibilities. This could be useful knowledge e.g. if you would like to start a cloud mining scam of your own
We don't want to divert this thread, but we're looking into methods to allow users to specify their own pools and worker information. It's very challenging logistically as you cannot divide a physical miner into slices mining different pools, and time-slicing introduces severe efficiency penalties (work restarts). However, we're looking into ways to make this possible.
We'd like to challenge other cloud mining providers to do the same. It may be difficult for a company that has supposedly sold hashpower that is many times the entire Scrypt network.
-Sahra
...but is NOT a problem if they -GAW- ...DON'T mine at all...just virtually...database records...capisco...
ZiG
October 19, 2014, 11:54:21 PM
I don't know anything about hashie either but it's not fair to compare a pool to a "cloud" mining service. If you mine on a pool the most you can lose is the unpaid amount. There is no upfront "buy-in" and it would be quite complicated for a pool to scam you. "Cloud" service on the other hand is always a scam until proven otherwise , because they take your money upfront.
70 TH/s hashrate for three hours can be faked very convincingly without resorting to photoshop. Rent a few big rigs on MRR (which coincidentaly has a 3 hour minimum), point it to BTC Guild, will cost ~0.15 BTC and you'll get most of it back anyway.
I'm not saying that's what's happening, just pointing out the possibilities. This could be useful knowledge e.g. if you would like to start a cloud mining scam of your own
, because they take your money upfront.70 TH/s hashrate for three hours can be faked very convincingly without resorting to photoshop. Rent a few big rigs on MRR (which coincidentaly has a 3 hour minimum), point it to BTC Guild, will cost ~0.15 BTC and you'll get most of it back anyway.
I'm not saying that's what's happening, just pointing out the possibilities. This could be useful knowledge e.g. if you would like to start a cloud mining scam of your own
We don't want to divert this thread, but we're looking into methods to allow users to specify their own pools and worker information. It's very challenging logistically as you cannot divide a physical miner into slices mining different pools, and time-slicing introduces severe efficiency penalties (work restarts). However, we're looking into ways to make this possible.
We'd like to challenge other cloud mining providers to do the same. It may be difficult for a company that has supposedly sold hashpower that is many times the entire Scrypt network.
-Sahra
October 19, 2014, 11:45:24 PM
I went to your site, hashie, and there are some typical red lights: no information about the owner, no address, not even a country of origin, the site is plain and gives no factual information, that would not only be helpful, but in this case (cryptocurrencies) essential for a potential client.
Butterfly Labs Inc.
K.K. Tibanne Co. Ltd. (MtGox parent company)
Moopay Ltd (Moolah)
WeExchange Pty Ltd (Weexchange/BitFunder)
Geniuses at Work Corporation (GAW
) hero member
Activity: 672
Merit: 500
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October 19, 2014, 11:42:19 PM
WOW what on earth is going on dam is all i can say
October 19, 2014, 11:38:48 PM
I went to your site, hashie, and there are some typical red lights: no information about the owner, no address, not even a country of origin, the site is plain and gives no factual information, that would not only be helpful, but in this case (cryptocurrencies) essential for a potential client.
Not saying Hashie is good or bad, but a plain site with no owner information doesn't necessarily mean scam. I agree, i'd take a closer look at their thread here, and see what others that use the site have to say. But look at wafflepool. Very plain site, little info, but has done quite well and I don't think any one would argue about him.
I don't know anything about hashie either but it's not fair to compare a pool to a "cloud" mining service. If you mine on a pool the most you can lose is the unpaid amount. There is no upfront "buy-in" and it would be quite complicated for a pool to scam you. "Cloud" service on the other hand is always a scam until proven otherwise
, because they take your money upfront.70 TH/s hashrate for three hours can be faked very convincingly without resorting to photoshop. Rent a few big rigs on MRR (which coincidentaly has a 3 hour minimum), point it to BTC Guild, will cost ~0.15 BTC and you'll get most of it back anyway.
I'm not saying that's what's happening, just pointing out the possibilities. This could be useful knowledge e.g. if you would like to start a cloud mining scam of your own
October 19, 2014, 11:24:52 PM
Most probably we are not so lucky in these last days
This morning's screen:
edit: most probably it was just a cache problem. Using Safari instead of Chrome I solved and I was able to login successfully
This morning's screen:
edit: most probably it was just a cache problem. Using Safari instead of Chrome I solved and I was able to login successfully
October 19, 2014, 10:55:44 PM
I went to your site, hashie, and there are some typical red lights: no information about the owner, no address, not even a country of origin, the site is plain and gives no factual information, that would not only be helpful, but in this case (cryptocurrencies) essential for a potential client.
Not saying Hashie is good or bad, but a plain site with no owner information doesn't necessarily mean scam. I agree, i'd take a closer look at their thread here, and see what others that use the site have to say. But look at wafflepool. Very plain site, little info, but has done quite well and I don't think any one would argue about him.
Hashie did post a picture showing them as ranked 9th on BTCGuild as a proof of their operation.
https://bitcointalksearch.org/topic/hashieco-cloud-mining-from-00012-btc-gh-new-amhash-free-10-gh-822446.msg9229245#msg9229245
https://bitcointalksearch.org/topic/hashieco-cloud-mining-from-00012-btc-gh-new-amhash-free-10-gh-822446.msg9230458#msg9230458
Granted, they could have photoshopped it, as they only were up for 3 hours before pulling it down. I'd say it's about as much proof as GAW has ever posted.
That being said, I've bought 100 GHs over there to see how it goes (plus they give you 10 GHs for free for signing up). I made a nice little profit on GAW from selling my Primes I bought at $16. So I'm playing with house money at this point...
October 19, 2014, 10:14:40 PM
I went to your site, hashie, and there are some typical red lights: no information about the owner, no address, not even a country of origin, the site is plain and gives no factual information, that would not only be helpful, but in this case (cryptocurrencies) essential for a potential client.
October 19, 2014, 07:19:20 PM
$50 per mhs for a hashlet is way over-priced in my view. As a result, I have sold all but 10mhs or so of my Prime's and all of my other hashlets, and sunk the proceeds into LTC Gear
I'm out as well and did the same as you. As soon as they opened up prime listings again I got out.
LTCGear is great and you can't compare the pricing.
You guys should spread that around and not just go with one guy.
If you're interested in SHA hashpower, we (Hashie.co) offer them from $4.51 per 10 GH.
Same $0.002 per GH maintenance fee
-Sahra
October 19, 2014, 05:34:13 PM
I am very surprised this morning reading ZenPool payout rate.
What is happening?
What is happening?
It's low and it sucks but it's still higher than nice/westhash at .00032740.
Gaw needs to get these new contracts in place asap...
Don't worry. GAW will certainly show us some good new deals. I get the impression they are working on something big again. I will wait and see what it will be this time.
I do not worry GAW has been good to us just wish they did more for us recently. Its annoying when they make announcement of exciting stuff then fail to deliver (SHA mining with primes for example was promised weeks ago). They are now teasing us with hashbase but so far that does not really excite me. All the bells and whistles are nice but if a nice ROI is not seen the bells and whistles are pointless.
I have feeling HashBase put a hold on that. I rather them work on HashBase and get that as bug free as possible for release.
October 19, 2014, 05:22:40 PM
I am very surprised this morning reading ZenPool payout rate.
What is happening?
What is happening?
It's low and it sucks but it's still higher than nice/westhash at .00032740.
Gaw needs to get these new contracts in place asap...
Don't worry. GAW will certainly show us some good new deals. I get the impression they are working on something big again. I will wait and see what it will be this time.
I do not worry GAW has been good to us just wish they did more for us recently. Its annoying when they make announcement of exciting stuff then fail to deliver (SHA mining with primes for example was promised weeks ago). They are now teasing us with hashbase but so far that does not really excite me. All the bells and whistles are nice but if a nice ROI is not seen the bells and whistles are pointless.
October 19, 2014, 04:51:18 PM
I am very surprised this morning reading ZenPool payout rate.
What is happening?
What is happening?
It's low and it sucks but it's still higher than nice/westhash at .00032740.
Gaw needs to get these new contracts in place asap...
Don't worry. GAW will certainly show us some good new deals. I get the impression they are working on something big again. I will wait and see what it will be this time.
Of course they are working on something big. They have to. Payouts are dropping drastically and consistently. The questions remain: Is what they are doing now legitimate? Is whatever they propose to do in the future and what they announce they will do legitimate? Is what they announce they will do, actually what they will be doing? Or is everything they say they are doing now and everything they say they will do in the future just more sweet talk and smokescreens to bring in new investors to keep the ponzi running?
October 19, 2014, 04:33:27 PM
I am very surprised this morning reading ZenPool payout rate.
What is happening?
What is happening?
It's low and it sucks but it's still higher than nice/westhash at .00032740.
Gaw needs to get these new contracts in place asap...
Don't worry. GAW will certainly show us some good new deals. I get the impression they are working on something big again. I will wait and see what it will be this time.
October 19, 2014, 04:32:52 PM
$50 per mhs for a hashlet is way over-priced in my view. As a result, I have sold all but 10mhs or so of my Prime's and all of my other hashlets, and sunk the proceeds into LTC Gear
I'm out as well and did the same as you. As soon as they opened up prime listings again I got out.LTCGear is great and you can't compare the pricing.
Must be the abandon-GAW-week...
I too butchered my hashlets just yesterday. Having gotten in relatively early, I easily reached ROI and turned in some from butchering my overpriced primes and a handful of zens.
The whole prime-buyback clusterfuck was both hilarious and frightening to observe. First they promised a complete buyback. Then it reverted into a partial-buyback with mining profits deducted.
Then finally they implemented some sort of limited buyback scheme just before they opened the prime market. After this event, the buyback stopped and apparently they even introduced "cancel buyback"-button.
Smart bastards. Much more profitable to take 5% + 5% cuts form the open market, rather than taking a loss while buying back their own hashlets.
Thank gawd the prime hype is still going strong. I doubt I could have gotten out with my profits as easily after a few weeks, once people start questioning the project primes gawsumness.
After that point, nobody will fork out over 40$ for a hashlet, whose value lies solely in the hype and speculation.
October 19, 2014, 02:34:02 PM
$50 per mhs for a hashlet is way over-priced in my view. As a result, I have sold all but 10mhs or so of my Prime's and all of my other hashlets, and sunk the proceeds into LTC Gear
I am holding my Primes bought at $16 because the weekly returns are really very good. There are occasional claims that ltcgear.com is a Ponzi scheme; if you need proof that ltcgear is really mining you can take a look at this thread at the Litecoin Forum.
This is interesting. Some posters there are trying to link it to CM, but CM does not pay LTC. It dumps LTC on an exchange and pays out BTC. So if LTC Gear's coins are originating from CM, it means that LTC Gear is not actually mining those coins but likely acquiring them on an exchange.
October 19, 2014, 02:16:41 PM
$50 per mhs for a hashlet is way over-priced in my view. As a result, I have sold all but 10mhs or so of my Prime's and all of my other hashlets, and sunk the proceeds into LTC Gear
I am holding my Primes bought at $16 because the weekly returns are really very good. There are occasional claims that ltcgear.com is a Ponzi scheme; if you need proof that ltcgear is really mining you can take a look at this thread at the Litecoin Forum.
October 19, 2014, 02:03:42 PM
Who's to say the pictures are even in GAW's DC's? Might they be someone elses? Might they be in ones they want to rent or own? Very odd how there are very few pics and NO GAW logos anywhere.
There are so many data centers that host 100+ antminers out there in North America, so they just picked one and marched in for a photo session
That's what I'm thinking sans the marching in. Probably done a little more subtly. Josh: "Wow, this is cool. This is what we should have. Someone sneak over there and take our picture real quick. Just one or two." LOL
October 19, 2014, 01:30:44 PM
Who's to say the pictures are even in GAW's DC's? Might they be someone elses? Might they be in ones they want to rent or own? Very odd how there are very few pics and NO GAW logos anywhere.
There are so many data centers that host 100+ antminers out there in North America, so they just picked one and marched in for a photo session
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