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Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 94. (Read 262908 times)

sr. member
Activity: 434
Merit: 254
Looks like they fixed it by taking MH/s from marketplace buyers:

https://hashtalk.org/topic/11787/bought-2-25mh-primes-last-night-now-they-show-as-1mh
At first glance it looks like an api bug, like the one with disappearing hashlets. I can't see a reason to purposely change the picture. The first person to buy it would post the bug and stop all others from buying until it gets fixed.

Not sure what you mean by changing the picture. This seems to be one of the users who bought the "hacked" 25 MH/s primes on the marketplace yesterday for $700+. Now it looks like he/she bought 1 Mh/s (not 25) for $700. Not the kind of fix you'd expect after a ~12 hour maintenance. There is still a chance though that the buyer will get a refund for the other 24 MH/s, perhaps just delayed along with payouts.


What is especially interesting (in a not-so-likely-coincidence kind of way) is that for this to happen: (1) somehow GAW "mistakenly" coded 1 mhs miners as 25 mhs miners, (2) which also means that sales of hashlets through resellers are not automated, and each hashlet requires a human being (who can make a mistake) to manually generate an activation code, (3) the same mistake was made repeatedly, and (4) the folks who received this bonus immediately sold back on the market (which, coincidentally, had just been opened) at an extra low price to ensure quick buys and then cashed out knowing they would be caught otherwise.

And who is left holding the bag (or the 1mhs hashlet that was purchased for $700 by some poor schmuck)?  The innocent buyer.  

Hmmm.

All this at a time right after the prime market is reopened and there are massive sudden withdrawals, run on the bank.

Hmmmm.

If I were one of those buyers, I would be getting lawyered up and getting subpeonas out to trace the accounts of the **sellers** and get access to the true facts about how this "mistake" was made, before the evidence disappears.  It is extraordinarily unlikely that the events above transpired in the way GAW has said.  
hero member
Activity: 868
Merit: 1000
My buyback was 5.7 BTC
hero member
Activity: 910
Merit: 1002
They have too many withdrawals, after buyback enabled. My (little fish) was 3.3 BTC, 10 minutes after buy back was possible.
One hour later withdrawals was suspended.
Another hour later, josh announced some things(strike back on massive withdraws).
Later was a "hack" joke.

PS. Resellers prices actually are inspired by gaw - in their attempt to stop mass prime sells.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Looks like they fixed it by taking MH/s from marketplace buyers:

https://hashtalk.org/topic/11787/bought-2-25mh-primes-last-night-now-they-show-as-1mh
At first glance it looks like an api bug, like the one with disappearing hashlets. I can't see a reason to purposely change the picture. The first person to buy it would post the bug and stop all others from buying until it gets fixed.

Not sure what you mean by changing the picture. This seems to be one of the users who bought the "hacked" 25 MH/s primes on the marketplace yesterday for $700+. Now it looks like he/she bought 1 Mh/s (not 25) for $700. Not the kind of fix you'd expect after a ~12 hour maintenance. There is still a chance though that the buyer will get a refund for the other 24 MH/s, perhaps just delayed along with payouts.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
A psychologist could write a paper on clients reactions to negative news. You are hyping yoursevves up and they are making it worse by using words like "hack" and "delay". They should learn from cabin crews: ladies and gentlemen, we are flying through a storm front, the shaking and cracking is completely normal, please relax end enjoy a movie, while we prepare some snacks for you.

To be fair it would extremely difficult to put a truly positive spin on what happened in the last 24 hours. Maybe give everyone a free Prime? Freebies often help. But sometimes a business has to just own up to the issue, lay out a plan of dealing with it, and stick to said plan. Trouble is, that was done a couple of weeks ago (the promise to improve QA etc) and hasn't resulted in much of anything.

I guess we'll have some kind of announcement about this, should be interesting.
hero member
Activity: 868
Merit: 1000
A psychologist could write a paper on clients reactions to negative news. You are hyping yoursevves up and they are making it worse by using words like "hack" and "delay". They should learn from cabin crews: ladies and gentlemen, we are flying through a storm front, the shaking and cracking is completely normal, please relax end enjoy a movie, while we prepare some snacks for you.

Well they already have a term for what all the cheerleaders are doing: Cognitive dissonance
full member
Activity: 178
Merit: 100
Site is back up:
* payouts are running now since they couldn't do it before (...)
* withdrawals are not working

#payoutwatch
legendary
Activity: 3654
Merit: 8909
https://bpip.org
ZiG
sr. member
Activity: 406
Merit: 250
OMG SKY IS FALLING ARE THEY RUNNING OUT OF CASH  Shocked Shocked Shocked Shocked

Talk about bad timing... beats the jet pictures.

Yes but I don't think GAW has not fully milked the scam yet


why this sudden change of view? Grin
He's an idiot no proof just stupid speculations. Yesterday he was asking where the money come from today he's sure it's a ponzi.
A lot of empty words.

Remember "MtGox fiasco"... Huh

...Hackers...Software "BUGS"...frozen withdrawals...etc...etc... Wink

Sounds very familiar ...right... Grin

ZiG
full member
Activity: 236
Merit: 100
Hi all

I saw it was a bug or a hack or wathever ..

Now it's back online .

So I have two questions ??

Do we know if they succeed to revert the transactions ?

Do we know when we get today's payment ? 
hero member
Activity: 868
Merit: 1000
Jesus some people are just too stupid, I don't even have the words for it:

https://hashtalk.org/topic/11783/donation-to-gaw-zencloud

Dear all,

Looking on how things proceeds i came to the idea that we as customers of GAW /Zencloud need to do something back for them.

Why?

They are working their ass off solving issues like

    issues with Zencloud
    updating us for everything they are doing
    they deserve it

For all the effort GAW and his Team are taking to care about us i suggest they open a BTC wallet adres(LTC and DOGE is OK too) where we can make some donation to them.

By doing this i think we can show our respect and love to them even this will not be enough but at least we can say: We Love you.

So if there are people out there who can arrange this, it will be AWESOME.

Kind regards,

Simple


How about, hey stop fucking shit up every God damn week. There, that's a better response I think.
sr. member
Activity: 434
Merit: 254
OMG SKY IS FALLING ARE THEY RUNNING OUT OF CASH  Shocked Shocked Shocked Shocked

Talk about bad timing... beats the jet pictures.

Yes but I don't think GAW has not fully milked the scam yet


why this sudden change of view? Grin

Too many coincidental "failures" "exploits" "hacks" " 503 errors" "maintenance" "cannot process this transaction now" etc. all coinciding with the decision to open primes for sale in the market.  I just don't buy it.  I was on the fence before (though still very skeptical) but with all of these strange, unlikely problems occuring at the exact moment that sales of primes were finally allowed ... it seems much more credible to believe that GAW ran out of BTC and cannot allow withdrawals so they need to find a way to restock and/or slow down the withdrawals.... which points strongly to ponzi scheme.
MOB
hero member
Activity: 493
Merit: 504
Question for the GAW diehards out there--what do you think when GAW makes mistakes constantly like this?

1. Is every company really this incompetent? (which seems to be Josh's argument as he claims all software is buggy like this)

2. Is there something hypocritical or unethical in a company that punishes others mistakes but clicks the un-do button when they make the exact same mistakes?

Meaning, when people accidentally sell a hashlet for $.02/MH and Josh tells them to tough luck, but then GAW sells them for $10/MH and freaks out and suspends all withdrawals and closes Zenpool until they grab the BTC and hashlets back? (ignoring the issue that GAW should really have a marketplace that uses price/MH as the base price, as that is how all marketplaces operate and why most users are making this "error")
sr. member
Activity: 462
Merit: 251
OMG SKY IS FALLING ARE THEY RUNNING OUT OF CASH  Shocked Shocked Shocked Shocked

Talk about bad timing... beats the jet pictures.

Yes but I don't think GAW has not fully milked the scam yet


why this sudden change of view? Grin
He's an idiot no proof just stupid speculations. Yesterday he was asking where the money come from today he's sure it's a ponzi.
A lot of empty words.
newbie
Activity: 26
Merit: 0
OMG SKY IS FALLING ARE THEY RUNNING OUT OF CASH  Shocked Shocked Shocked Shocked

Talk about bad timing... beats the jet pictures.

Yes but I don't think GAW has not fully milked the scam yet


why this sudden change of view? Grin
full member
Activity: 178
Merit: 100
Great timing with Mintpal also going down. These episodes only convince me more that GAW-style cloud-mining is too centralized and risky.

The only innovation GAW has provided, imo, is making shininess very valuable while the work at the grindstone is neglected.

It's inexcusable to have your main/accounting websites down due to on-going marketing operations. I've said that to AT&T during the iPhone downages, and it's the same for GAW.

Looking forward to the L1 to break back out of this trap.
legendary
Activity: 1330
Merit: 1000
Bitcoin
Or buy GH from Hashie.co from $4.51 / 10 GH Smiley
sr. member
Activity: 434
Merit: 254
OMG SKY IS FALLING ARE THEY RUNNING OUT OF CASH  Shocked Shocked Shocked Shocked

Talk about bad timing... beats the jet pictures.

Yes but I don't think GAW has not fully milked the scam yet, so I am betting that zencloud will in fact return for one more round of hashlet sales.  In order to do this, GAW will need more coins.  My best guess is that they are running their actual mining farm right now to get as many coins as they can to support the withdrawals.  Maybe they will impose restrictions on withdrawals, hold times, etc. in order to "manage" the alleged non-existent hackers ability to exploit the non-existent exploit.  Maybe they will freeze accounts of users who have large sales recently (with the claim of suspicious activity and a resolution process that will take weeks).  The accounts that could be targeted this way will have a few users screaming on hashtalk but they will quickly get shadowbanned.  In any case, GAW wll have to find some way to limit BTC withdrawals to keep the ponzi going.  Shutting down the market will be the most important next step but I am guessing they will not do that until they can offer the new ponzilet (e.g., hashbase) and get a new crop of sales from that.

legendary
Activity: 3654
Merit: 8909
https://bpip.org
OMG SKY IS FALLING ARE THEY RUNNING OUT OF CASH  Shocked Shocked Shocked Shocked

Talk about bad timing... beats the jet pictures.
legendary
Activity: 938
Merit: 1007
Good to see that they just mess around behind the scenes Wink
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