Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 90. (Read 262908 times)

The 'official" word is:

Withdraw Holds - We are verifying larger withdraws

this was just posted.

Yes, but it will take multiple attemps... look up above about 5-10 posts in this thread you will see my advice re how to get money out.

Are some people able to withdraw right now?

Last declared hashrate nearly two months ago was between 250 and 300 GH/s (Scrypt). A few weeks later GAW CEO mentioned that the hashrate had doubled, probably to around 500 GH/s Scrypt. It's been another month since then, so likely it is more than that now. There is no indication of SHA256 hashrate.

As for confirmation, short answer is no, longer answer is in the OP.

Whether you run or not depends on how much you're invested and what's your risk tolerance. At the very least you should be withdrawing your earnings daily - not because of any conspiracies, but due to the recent withdrawal issues and questionable software quality.

Let me try to do a quick tl;dr about this hashlet "exploit" that has been going on for a few pages now.

Here is what APPEARS to have happened:

• GAW reopened Prime hashlet sales briefly Tuesday (October 14, 2014) evening EST. Not directly from GAW/Zen sites but through retailers and at $70 (regular price $50). GAW also opened private Prime hashlet sales through ZenCloud marketplace around the same time.
• Some buyers received activation codes for 25 MH/s hashlets even though they purchased only 1 or 5 MH/s. It is not currently known if this issue was caused by GAW, or by reseller(s), or how many resellers or buyers were involved, or if there was any collusion between reseller(s) and buyers.
• Some buyers decided to cash out their 25 MH/s hashlets by selling them on the newly opened marketplace. Rumor has it that some were able to do this multiple times by selling and then buying more of the "upsized" hashlets and selling again. This pushed Prime marketplace prices down to ~$30 per MH/s.
• Upon discovering the issue a few hours after marketplace opened GAW disabled BTC withdrawals from ZenCloud, removed all Primes from the marketplace, and eventually put ZenCloud into maintenance mode for about 12 hours, until early afternoon Wednesday EST. Withdrawals remained disabled for all users for a few hours longer, and some users are experiencing withdrawal errors nearly 2 days after the issue. Hashtalk forum was taken down for a few hours on Wednesday presumably to collect information on individuals involved in the issue.
• Official GAW statements from Tuesday and Wednesday refer to the issue as an "exploit" committed by some users.
• It is not quite clear what exact steps GAW took to resolve the issue. Hashlets not resold in the marketplace likely were or will be taken away from the original buyers. Hashlets resold in the marketplace are supposed to be refunded and taken away from the secondary buyers, but some marketplace buyers who purchased 25 MH/s hashlets are reporting their hashrate reduced to 1 MH/s without a refund while still being charged maintenance fees for 25 MH/s. It is likely that the resolution is still in progress.
• There are unconfirmed claims that GAW issued legal threats to users allegedly involved in the reselling of the "upsized" hashlets, and charged users' credit cards in an attempt to recover losses.

I just got banned from Hashtalk too! I guess for asking questions about securities.

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Seriously this things is getting worse and worse. GAWminers take bad decisions, lock threads when they can't control it, ban people for no acceptable reasons but still, still there are groupies to "thank" him. And seriously I really hope that the thread about donation to GAW was a joke...

Don't know really what to think. Should I run away from Zencloud ?

Do we have the confirmation that they are really mining ? I really wonder why they don't want to speak about how much GHs/Mhs they got. Any idea ?

Thread locked, i'm surprised it stayed open for as long as it did.

I tried again a couple of times..  and finally I got success

Ok, I'll keep the forum updated...  I'll try and try again

I had the same error a dozen times over 12 hours.  I tried every hour except when sleeping and it finally went through on my last try.  If you believe GAW just has bugs, then file a support request and post in the support thread.  If you believe that GAW lacks the coins to payout what is in is customers accounts, then support requests will be useless, you will just need to get lucky and wait until GAW has accumulted more coins from miner sales and whatever else it is doing to be able to pay you out.  In the latter case, perseverance, timing and luck are required.

Also, again on the assumption that the issue is lack of sufficient coins to allow withdrawals as opposed to a software bug, you can try taking out smaller amounts too.  You may not be able to get 15 BTC out but 1 BTC might work for example.  Of course if its a software bug/issue, reducing the amount won't help you.  I can only tell you that I got my BTC out after great effort and many attempts, using different amounts of withdrawal (e..g, not always emptying the account). 

Another thing I experimented with successfully was buying on the market before withdrawing.  Buy a few solos cheap, then try withdrawals again.  That seemed to work though it maybe a coincidence.  The hypothesis behind this strategy is rather cyncical, but it is based on a hypothesis (unproven) that GAW wants to keep its active customers happy, but is willing to stiff its customers who are exiting.  One way to do that would be to prioritize withdrawals from customers who recently purchased miners.  Again this is purely a hypothesis, but it has worked a couple of times for me and can't hurt to try it.

I tried a lot of times to withdraw BTC but always same error...
Unable to process transaction at this time

If you are unable to withdraw, just keep trying.  I started to sell off some of my solos now, just to get out completely before the collapse I have predicted... It took me 12 hours and a dozen tries but I just cleared out another $3k on top of the $15K I cleared out before the whole freeze thing started.  Either the software is just buggy as hell, or else (more likely IMHO) GAW cannot allow you to withdraw coins it doesn't have.

are you able to withdraw BTC from https://cloud.zenminer.com/balance ??

I doubt that GAW could even entertain a 'real' IPO even if they wanted to. The IPO here is one of two things: an IPO on Medici or simply an IPO Coin.

The whole "every online store will use it" (im loosely quoting here)  thing is 'interesting'?

oops looks like i got the conversation going with my post.

BT Hashtalk its good to talk.

Yak was keeping the pressure on them to just admit it wasn't an exploit, it was just them fucking up the codes. Guess they didn't like that.

Speaking of bans, surprisingly they are showing who's banned under the username now (real ones I guess, not the shadow bans). Still don't make a lot of sense, maybe some posts were deleted or something... like these for example:

https://hashtalk.org/user/yak
https://hashtalk.org/user/deadace
https://hashtalk.org/user/acamp22

Can't find anything offensive even by the very strict "respect" standards.

So yeah, you two guys are walking a very fine line there. Probably way over the line actually.

Great, let's all make new accounts to flame GAW now! It's going to look so real!

Don't get greedy now. According to Hashtalk, it is good for all customers if GAW protects its profits by all means necessary, e.g. clawing back sales errors, etc. Still with me here? So your missing hashlet is also good for everyone, because it increases GAW profits by not having to pay you daily for the 250 GH/s. On behalf of all GAW customers I thank you for your generous donation.

Oh, almost forgot: