Here's another gem:
ZenPool Fluctuations
Hello,
As some of you may know, we use a combination of mining IPO coins, multipools, etc to achieve the payouts ZenPool offers. Our most important method is renting out hash power to private companies.
I am in the process of renegotiating the contract between us and our largest private buyer. The payouts will drop for a bit while I finish the negotiation, the will return at or a higher rate then before. I ask for your patience while I finish this.
Just a heads up
An additional silver lining is that, soon, we will not need to do private rentals. We will be able to use it for ourselves for Project Prime
https://hashtalk.org/topic/11712/zenpool-fluctuations/3
So... I guess we're going to see a couple of days or maybe a week of shit returns all around. Woo hoo! And this is why all my reinvest goes into LTCgear right now (until they screw us.)
Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 95. (Read 262908 times)
October 15, 2014, 10:21:53 AM
October 15, 2014, 10:04:43 AM
All that happened was GAW screwed up with activation codes. They sent out 25mh codes to people who bought 5mh Primes. So, this hacker stuff is nonsense.
As a company you should never say you were hacked unless it legitimately happened.. Totally kills confidence levels in the users. Granted they may not have ID'd the actual cause yet, but jumping to being "hacked" is a huge leap.
As a company you should never say you were hacked unless it legitimately happened.. Totally kills confidence levels in the users. Granted they may not have ID'd the actual cause yet, but jumping to being "hacked" is a huge leap.
Yeah it's kind of funny going with the "exploit" nonsense. They sent out the wrong codes, GAW did that not someone else. People activated them and were like, cool man I got 25MHs for the price of 1MHs, I'm going to sell them and make some bank.
This is a problem made by GAW 100% with their greed and Prime market manipulation.
As I posted in one of the "I accidentally sold hashlets too cheap" threads, it will be interesting to see what the final resolution is for this snafu. GAW will probably try to reverse the "fraudulent" transactions. Will it be consistent with their position on seller errors in the marketplace, i.e. when someone sells 900 zens for $18. Seller fucks up and buyer gets a too-good-to-be-true deal - seller's fault. GAW fucks up and buyer gets a too-good-to-be-true deal - will it be buyer's fault?
https://bitcointalksearch.org/topic/gawminerscom-hash-marketplace-avoid-see-update-815230
https://hashtalk.org/topic/11651/sold-901mh-zen-hashlets-for-18-on-hash-market
October 15, 2014, 09:28:25 AM
All that happened was GAW screwed up with activation codes. They sent out 25mh codes to people who bought 5mh Primes. So, this hacker stuff is nonsense.
As a company you should never say you were hacked unless it legitimately happened.. Totally kills confidence levels in the users. Granted they may not have ID'd the actual cause yet, but jumping to being "hacked" is a huge leap.
As a company you should never say you were hacked unless it legitimately happened.. Totally kills confidence levels in the users. Granted they may not have ID'd the actual cause yet, but jumping to being "hacked" is a huge leap.
Yeah it's kind of funny going with the "exploit" nonsense. They sent out the wrong codes, GAW did that not someone else. People activated them and were like, cool man I got 25MHs for the price of 1MHs, I'm going to sell them and make some bank.
This is a problem made by GAW 100% with their greed and Prime market manipulation.
October 15, 2014, 08:32:28 AM
I doubt they are going to sneak primes in to the market. Obviously they can't just leak a massive amount of them and they do take 10% of every transaction which works better long term.
I would find it more believable if they didn't have their shills and moderators hyping up the prices in their own forum... it's starting to sound uncannily like so many shitcoin pumps right here on bitcointalk.
Well, I guess I'll have to wait and see what happens next, since I still can't get rid of my stupid "fury".
Selling your fury is easy. Click the hashletsettingsthing and "round up" from 1.3 Mh/s to 2. Then split and sell.
Though I don't know yet whether they've fixed the split/merge bugs. My 250 Gh/s hashlet is still missing.
I did the upsize thing. I didn't do the split fearing potential issues, but I should be able to sell 2 MH/s in one piece. Except buyback just didn't work for me (kept throwing an error) and now ZenCloud is down so I couldn't put it on sale on the marketplace either. But I'm not in a hurry, I'll wait.
October 15, 2014, 08:25:48 AM
All that happened was GAW screwed up with activation codes. They sent out 25mh codes to people who bought 5mh Primes. So, this hacker stuff is nonsense.
As a company you should never say you were hacked unless it legitimately happened.. Totally kills confidence levels in the users. Granted they may not have ID'd the actual cause yet, but jumping to being "hacked" is a huge leap.
As a company you should never say you were hacked unless it legitimately happened.. Totally kills confidence levels in the users. Granted they may not have ID'd the actual cause yet, but jumping to being "hacked" is a huge leap.
October 15, 2014, 08:22:47 AM
Predictions. The following is pure speculation. I will probably get some wrong, but I bet I get the gist of it right.
B) The new hashlet (or whatever it is called) will lack one important feature - it will not have a market and private sales (except through resellers of course) will be banned. GAW will probably justify this by saying that having a market encouraged speculation and whiners like me to take down morale. Or maybe they will cite concerns about security or fraud. So no more sales. This is essential to enable GAW and its resellers to market new hashlets -- otherwise, the "used" hashlet market will set a market price that will be lower than what GAW/resellers sell for. Resellers (and the moderators who speak for resellers on hashtalk) will love this. There will be shill accounts (most likely resellers) who will applaud GAW for getting rid of the buggy and problematic market. Anyone who questions it will be downvoted out of existence on hashtalk.
B) The new hashlet (or whatever it is called) will lack one important feature - it will not have a market and private sales (except through resellers of course) will be banned. GAW will probably justify this by saying that having a market encouraged speculation and whiners like me to take down morale. Or maybe they will cite concerns about security or fraud. So no more sales. This is essential to enable GAW and its resellers to market new hashlets -- otherwise, the "used" hashlet market will set a market price that will be lower than what GAW/resellers sell for. Resellers (and the moderators who speak for resellers on hashtalk) will love this. There will be shill accounts (most likely resellers) who will applaud GAW for getting rid of the buggy and problematic market. Anyone who questions it will be downvoted out of existence on hashtalk.
Prediction B - 50% confirmed. Now that GAW has set the stage for the marketplace being taken advantage of by mysterious hackers ... wait ... for ... it ... next will come restrictions. Then the new hashbase that will not have a market in order to keep hackers from taking advantage.
This would be funny if it weren't so darn predictable.
Those who ignore history ...
EDIT/ADDENDUM:
Do people not realize that the words coming out of GAW do not even make sense??
"A few “individuals” figured out how to exploit the speed of Primes, and create a amount 5 times larger when what they paid for."
Another recap:
Some hacker figured out how to use the "speed" of a prime hashlet (because, as we all know, an 11 mhs Prime hashlet is MUCH faster than an 11 mhs Multihashlet!!! lol I am ROTFLMAO .. )
Even if I were to believe that hackers somehow figured out how to break GAW's encryption keys and "exploit" the poor Prime hashlets, how on earth would the "speed of a prime hashlet" have anything to do with it? It wouldn't. GAW has repeatedly said that these hashlets are are virtual and have no reality other than as a database entry.
If there truly was an exploit (highly unlikely IMHO), the only way it could have happened would be if someone could have cracked the encryption used to generate activation keys. Since activation key encryption is a pretty well known, tried and true, method, this would mean that either GAW is completely incompetent, or else they are being attacked by the dreaded Elite Chinese Military who can crack anything!
Oh, one more prediction:
(D) The hackers exploits will result in GAW having lost too much BTC and therefore withdrawals will be suspended for a period of time.
IRT to the "hacking" as you portray it -- i think this was simply a couple of users figured out how to abuse the double dip and boost combination to avoid the rest periods... or something along those lines. I dont think it was an algorithm hack or stolen codes. But I have no proof of this.
IRT to everything else -- announcements, IPO, Hashbase, Primes, Primes as Stock/Ownership, LTC price in relation to Zen, etc, etc, etc, etc, etc ----- it'll be interesting to see how this all pans out.
October 15, 2014, 03:42:17 AM
I doubt they are going to sneak primes in to the market. Obviously they can't just leak a massive amount of them and they do take 10% of every transaction which works better long term.
I would find it more believable if they didn't have their shills and moderators hyping up the prices in their own forum... it's starting to sound uncannily like so many shitcoin pumps right here on bitcointalk.
Well, I guess I'll have to wait and see what happens next, since I still can't get rid of my stupid "fury".
Selling your fury is easy. Click the hashletsettingsthing and "round up" from 1.3 Mh/s to 2. Then split and sell.
Though I don't know yet whether they've fixed the split/merge bugs. My 250 Gh/s hashlet is still missing.
October 15, 2014, 03:37:03 AM
AAANNND... ZenCloud is down!
Code:
Maintenance Mode
It looks like we're working on something!
Why don't you come back later.
It looks like we're working on something!
Why don't you come back later.
Yup, I don't think the HashBase upgrade will be this fast. I was expecting at least 5 more buggy featureupgrades in between.
October 15, 2014, 03:03:49 AM
AAANNND... ZenCloud is down!
Code:
Maintenance Mode
It looks like we're working on something!
Why don't you come back later.
It looks like we're working on something!
Why don't you come back later.
October 15, 2014, 02:29:33 AM
Predictions. The following is pure speculation. I will probably get some wrong, but I bet I get the gist of it right.
B) The new hashlet (or whatever it is called) will lack one important feature - it will not have a market and private sales (except through resellers of course) will be banned. GAW will probably justify this by saying that having a market encouraged speculation and whiners like me to take down morale. Or maybe they will cite concerns about security or fraud. So no more sales. This is essential to enable GAW and its resellers to market new hashlets -- otherwise, the "used" hashlet market will set a market price that will be lower than what GAW/resellers sell for. Resellers (and the moderators who speak for resellers on hashtalk) will love this. There will be shill accounts (most likely resellers) who will applaud GAW for getting rid of the buggy and problematic market. Anyone who questions it will be downvoted out of existence on hashtalk.
B) The new hashlet (or whatever it is called) will lack one important feature - it will not have a market and private sales (except through resellers of course) will be banned. GAW will probably justify this by saying that having a market encouraged speculation and whiners like me to take down morale. Or maybe they will cite concerns about security or fraud. So no more sales. This is essential to enable GAW and its resellers to market new hashlets -- otherwise, the "used" hashlet market will set a market price that will be lower than what GAW/resellers sell for. Resellers (and the moderators who speak for resellers on hashtalk) will love this. There will be shill accounts (most likely resellers) who will applaud GAW for getting rid of the buggy and problematic market. Anyone who questions it will be downvoted out of existence on hashtalk.
Prediction B - 50% confirmed. Now that GAW has set the stage for the marketplace being taken advantage of by mysterious hackers ... wait ... for ... it ... next will come restrictions. Then the new hashbase that will not have a market in order to keep hackers from taking advantage.
This would be funny if it weren't so darn predictable.
Those who ignore history ...
EDIT/ADDENDUM:
Do people not realize that the words coming out of GAW do not even make sense??
"A few “individuals” figured out how to exploit the speed of Primes, and create a amount 5 times larger when what they paid for."
Another recap:
Some hacker figured out how to use the "speed" of a prime hashlet (because, as we all know, an 11 mhs Prime hashlet is MUCH faster than an 11 mhs Multihashlet!!! lol I am ROTFLMAO .. )
Even if I were to believe that hackers somehow figured out how to break GAW's encryption keys and "exploit" the poor Prime hashlets, how on earth would the "speed of a prime hashlet" have anything to do with it? It wouldn't. GAW has repeatedly said that these hashlets are are virtual and have no reality other than as a database entry.
If there truly was an exploit (highly unlikely IMHO), the only way it could have happened would be if someone could have cracked the encryption used to generate activation keys. Since activation key encryption is a pretty well known, tried and true, method, this would mean that either GAW is completely incompetent, or else they are being attacked by the dreaded Elite Chinese Military who can crack anything!
Oh, one more prediction:
(D) The hackers exploits will result in GAW having lost too much BTC and therefore withdrawals will be suspended for a period of time.
October 15, 2014, 02:04:23 AM
where to buy those hashlets prime besides the gaw website im trying to get 1 or more as the price
genesis haslets is a good investment too or no way to go
genesis haslets is a good investment too or no way to go
The only "legal" way to buy them now is ZenCloud marketplace. Price is around ~$40 per MH/s I think at this moment. Edit: it's actually closer to $30-35 (quantity of 25), cheapest single MH/s is ~36.
Genesis is probably overpriced at the retail price of $9, but again in the marketplace you can find it for ~$6 (per 10 GH/s)... well do the math with your expectation of difficulty changes, exchange rates etc.
They warn of this on their website and are working on a "fix" to this issue
October 15, 2014, 01:59:14 AM
Ok, so now the whole Prime marketplace has vanished 
I think I'm gonna give up now on trying to sell my poor Fury for at least a week until the dust settles.
I think I'm gonna give up now on trying to sell my poor Fury for at least a week until the dust settles.
October 15, 2014, 01:19:20 AM
where to buy those hashlets prime besides the gaw website im trying to get 1 or more as the price
genesis haslets is a good investment too or no way to go
genesis haslets is a good investment too or no way to go
The only "legal" way to buy them now is ZenCloud marketplace. Price is around ~$40 per MH/s I think at this moment. Edit: it's actually closer to $30-35 (quantity of 25), cheapest single MH/s is ~36.
Genesis is probably overpriced at the retail price of $9, but again in the marketplace you can find it for ~$6 (per 10 GH/s)... well do the math with your expectation of difficulty changes, exchange rates etc.
prices now around ~43 per Mh
Yup, seems like those "illegal" 25 MH/s codes were indeed pushing prices down.
October 15, 2014, 01:09:46 AM
where to buy those hashlets prime besides the gaw website im trying to get 1 or more as the price
genesis haslets is a good investment too or no way to go
genesis haslets is a good investment too or no way to go
The only "legal" way to buy them now is ZenCloud marketplace. Price is around ~$40 per MH/s I think at this moment. Edit: it's actually closer to $30-35 (quantity of 25), cheapest single MH/s is ~36.
Genesis is probably overpriced at the retail price of $9, but again in the marketplace you can find it for ~$6 (per 10 GH/s)... well do the math with your expectation of difficulty changes, exchange rates etc.
prices now around ~43 per Mh
October 15, 2014, 01:08:15 AM
Oh look, Primes are back on the zen hash market ($49.95)...
And the thread about the CEO's promise not to sell primes ever again has been deleted.
Unfortunately, google caching didn't get that far:
http://webcache.googleusercontent.com/search?q=cache:kOITZ9kGd98J:https://hashtalk.org/topic/11511/prime-question-of-the-community+&cd=1&hl=en&ct=clnk
And an IPO is incoming:
"GAW will have an IPO very soon :grinning: But we will do it in a way that are customers get the upside. Especially Prime owners :grinning:"
GAW is rapidly becoming a source of entertainment to me, that's for sure.
And the thread about the CEO's promise not to sell primes ever again has been deleted.
Unfortunately, google caching didn't get that far:
http://webcache.googleusercontent.com/search?q=cache:kOITZ9kGd98J:https://hashtalk.org/topic/11511/prime-question-of-the-community+&cd=1&hl=en&ct=clnk
And an IPO is incoming:
"GAW will have an IPO very soon :grinning: But we will do it in a way that are customers get the upside. Especially Prime owners :grinning:"
GAW is rapidly becoming a source of entertainment to me, that's for sure.
... aaaands it's gone
Apparently a software error is to blame.
Edit: I mean Primes are gone from the store.
As for the IPO, this is so far up in the shitcoin territory that it's not even funny anymore. Although I don't think any coin yet was so brazen as to have "exclusive" mining. This goes against pretty much everything that crypto currencies stand for. But it is a good way to obscure the massive hashrate, you gotta give them that.
https://hashtalk.org/topic/11623/gaw-ipo-speculation
software error...sure... lol
also, all resellers magically came upon hashlets for a limited time, all at least $10 more expensive
October 15, 2014, 01:06:02 AM
Marketplace news: evil hackers were pushing prices down. Withdrawals suspended until order is restored. It's a VERY safe and stable system though.
Edit: or maybe not. Some users are claiming (I don't have a direct source but see the HT thread below) that GAW sent out 25 MH/s activation codes instead of 1 MH/s to some buyers. No hacking apparently.
Ok, I know you don't believe me so here is the original:
https://hashtalk.org/topic/11685/market-update
Edit: or maybe not. Some users are claiming (I don't have a direct source but see the HT thread below) that GAW sent out 25 MH/s activation codes instead of 1 MH/s to some buyers. No hacking apparently.
Ok, I know you don't believe me so here is the original:
https://hashtalk.org/topic/11685/market-update
Quote
GAW_CEO
Global Moderator
Industry Innovator
Market Update
Has not come with its challenges. Short version:
A few “individuals” figured out how to exploit the speed of Primes, and create a amount 5 times larger when what they paid for.
This is why you were seeing the price of primes pushed down. They were dumping them on the market to try and “cash out” before we could stop them.
We have temporarily suspended withdraws until we track down the source. I will update you here.
Global Moderator
Industry Innovator
Market Update
Has not come with its challenges. Short version:
A few “individuals” figured out how to exploit the speed of Primes, and create a amount 5 times larger when what they paid for.
This is why you were seeing the price of primes pushed down. They were dumping them on the market to try and “cash out” before we could stop them.
We have temporarily suspended withdraws until we track down the source. I will update you here.
October 15, 2014, 12:22:24 AM
This whole Prime story is actually pretty cool if you think about it. All throughout since the hashlets were first announced the CEO kept repeating how special and valuable they are and how we should buy more and more of them. And despite some fumbles along the way there has been a steady albeit artificial rise in their value:
$16
$20
$25
$30-40 - buy-back recently
$50 - a little hiccup here with plan A/B
$70 - now
$100 - rumored
It stands to reason that anybody who sold their Primes - when the private sales were still allowed, or as a whole account, or through buy-back - or didn't buy them earlier, or didn't convert their Zeus/VB hardware would be feeling sorry now, and anybody looking at this pattern would be thinking if they should jump on the gravy train while they still can.
Now the question is how far up and for how long can it last. $70 for 1 Mh/s is nuts, but so was $25.
$16
$20
$25
$30-40 - buy-back recently
$50 - a little hiccup here with plan A/B
$70 - now
$100 - rumored
It stands to reason that anybody who sold their Primes - when the private sales were still allowed, or as a whole account, or through buy-back - or didn't buy them earlier, or didn't convert their Zeus/VB hardware would be feeling sorry now, and anybody looking at this pattern would be thinking if they should jump on the gravy train while they still can.
Now the question is how far up and for how long can it last. $70 for 1 Mh/s is nuts, but so was $25.
i started with hardware ...sold about 120Mh of primes right before the $40 buyback was announced (it was impossible to predict something like that would happen, just bad luck) but I still made money. Lots of them I bought them at about $13 per Mh, i.e. when blackwidows were selling for $125 and then were converted to primes.
i felt I needed to sell because of all the sudden changes from GAW and the huge lack of roadmap and the long list of things that will come at some point in the future
October 15, 2014, 12:12:23 AM
....
Predictions. The following is pure speculation. I will probably get some wrong, but I bet I get the gist of it right.
C) GAW may keep its promise not to create new Prime hashlets, but a large number of prime hashlets will mysteriously become available possibly through resellers or the market. Since hashlets are virtual anyway, GAW or its resellers could have millions in virtual inventory and still be truthful when saying no new primes will be created. Now that GAW has cleared out all of the whiners like me who wanted out at a lower price, they may be able to support a higher price in a market for a while and keep selling them directly via the market or indirectly via resellers.
Prediction C - confirmed.
https://hashtalk.org/topic/11566/zighash-has-primes-what/12
https://hashtalk.org/topic/11562/primes-at-hoosierminer/4
https://hashtalk.org/topic/11561/psssssst-primes-back-in-stock-at-hashpros-net/4
indeed, though it was short lived
October 14, 2014, 11:04:43 PM
where to buy those hashlets prime besides the gaw website im trying to get 1 or more as the price
genesis haslets is a good investment too or no way to go
genesis haslets is a good investment too or no way to go
The only "legal" way to buy them now is ZenCloud marketplace. Price is around ~$40 per MH/s I think at this moment. Edit: it's actually closer to $30-35 (quantity of 25), cheapest single MH/s is ~36.
Genesis is probably overpriced at the retail price of $9, but again in the marketplace you can find it for ~$6 (per 10 GH/s)... well do the math with your expectation of difficulty changes, exchange rates etc.
October 14, 2014, 10:48:27 PM
where to buy those hashlets prime besides the gaw website im trying to get 1 or more as the price
genesis haslets is a good investment too or no way to go
genesis haslets is a good investment too or no way to go
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