GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 97.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: SDRebel on October 14, 2014, 01:25:09 PM

Quote from: suchmoon on October 14, 2014, 12:33:51 PM

Quote from: SDRebel on October 14, 2014, 11:51:54 AM

Quote from: suchmoon on October 14, 2014, 02:32:41 AM

Quote from: bathrobehero on October 14, 2014, 02:12:52 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".

you have a zen/gaw hosted fury or a physical one? i might be interested. currently no miners at home. it's quiet in here Sad

I have a hosted Fury that was given as a gift to ZenCloud customers a couple of months ago. It got converted to a Prime later but it seems it's some kind of special Prime - I can't sell it.

If you are looking for a miner I'd suggest something other than Zeus crap, it's unprofitable if you pay $0.15 per kWh or more. Even an old Gridseed blade would be better.

so is that the only thing you have hosted or do you have other stuff?
I'm getting a gridseed from zoomhash, but they are taking forever. getting one of those 23-25Mh scrypt ones

If you mean at GAW/Zen, I also have 30 primes I purchased at $16 (was ~1 BTC at the time). Will probably sell 29 when marketplace opens and will leave one as a test case.

If you mean overall, I have some minor investments in many different places, most of them suck though.

gawminershelp

newbie

Activity: 5

Merit: 0

Quote from: dekodoge on October 14, 2014, 01:26:55 PM

calculating your daily payout.

http://static.vouchercodes.co.uk/images/blog/13488_139247071.jpg

>implying that I have received any kind of payout today
>mfw

coinGeek

full member

Activity: 221

Merit: 100

Quote from: suchmoon on October 14, 2014, 01:17:49 PM

Quote from: NuShrike on October 14, 2014, 01:10:49 PM

#payoutwatch even more late today, and withdrawals still b/locked

Edit: sneaky edit

and everyone's favorite double dip option LTC Pool suddenly turned to crap:

https://hashtalk.org/topic/11516/what-happened-to-the-ltc-pool

That will put a dent into Prime prices. Or not.

Zenpool also went lower. It feels a like belt tightening move to reduce cash flow after the buyback exodus. It seems like a desperate move that's bound to further shake the confidence of anyone who's paying attention.

WREKNEYEZ

newbie

Activity: 12

Merit: 0

boy am i glad i listened... but i still want a prime. i went to market and nothing =/

dekodoge

full member

Activity: 168

Merit: 100

calculating your daily payout.

SDRebel

hero member

Activity: 569

Merit: 507

Quote from: suchmoon on October 14, 2014, 01:17:49 PM

Quote from: NuShrike on October 14, 2014, 01:10:49 PM

#payoutwatch even more late today, and withdrawals still b/locked

Edit: sneaky edit

and everyone's favorite double dip option LTC Pool suddenly turned to crap:

https://hashtalk.org/topic/11516/what-happened-to-the-ltc-pool

That will put a dent into Prime prices. Or not.

lol you would think...pbut people are buying them even at $70 from resellers...they are insane

SDRebel

hero member

Activity: 569

Merit: 507

Quote from: suchmoon on October 14, 2014, 12:33:51 PM

Quote from: SDRebel on October 14, 2014, 11:51:54 AM

Quote from: suchmoon on October 14, 2014, 02:32:41 AM

Quote from: bathrobehero on October 14, 2014, 02:12:52 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".

you have a zen/gaw hosted fury or a physical one? i might be interested. currently no miners at home. it's quiet in here Sad

I have a hosted Fury that was given as a gift to ZenCloud customers a couple of months ago. It got converted to a Prime later but it seems it's some kind of special Prime - I can't sell it.

If you are looking for a miner I'd suggest something other than Zeus crap, it's unprofitable if you pay $0.15 per kWh or more. Even an old Gridseed blade would be better.

so is that the only thing you have hosted or do you have other stuff?
I'm getting a gridseed from zoomhash, but they are taking forever. getting one of those 23-25Mh scrypt ones

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: NuShrike on October 14, 2014, 01:10:49 PM

#payoutwatch even more late today, and withdrawals still b/locked

Edit: sneaky edit

and everyone's favorite double dip option LTC Pool suddenly turned to crap:

https://hashtalk.org/topic/11516/what-happened-to-the-ltc-pool

That will put a dent into Prime prices. Or not.

NuShrike

full member

Activity: 178

Merit: 100

#payoutwatch even more late today, and withdrawals still b/locked.

Also, LTCPool had a huge drop in payout. Last place now among the "scrypt" pools.

edit: withdrawals work now ...

MOB

hero member

Activity: 493

Merit: 504

Quote from: EvilPanda on October 14, 2014, 07:09:38 AM

A lot of speculation, you were very productive in the last 2 days.

Quote

If the underlying model is (A) (not ponzi), then somehow GAW has to acquire (on a continuous basis) new ASICS to keep ahead of the market. There are some very large players in this industry where a few million dollars is nothing but a drop in the hat. How would GAW keep ahead of bitmain, KNC, innosilicon, gridseed, etc? How many major ASIC developers have failed to deliver product that is competitive even with millions of dollars in R&D (Black Arrow, KNC, Cointerra, to name just the most recent flameouts). GAW has never purported to be an ASIC developer, and I would never believe that even if they said they were. GAW claims to have *relationships* with ASIC companies and claims to be able to use market power to get the best deals. THAT I believe. However, even the best deals cannot compensate for late deliveries, missed power targets, and/or competitors who get out there with better more efficient ASICS.

During one of the live conference feeds Josh was asked what hardware they are using and responded "all of them". I think he said something about aiming at Bitmain at the moment.
He also mentioned plans for their own chip. They aren't a manufacturer, but have enough funds for someone to design it. So they are doing what they can to have those most efficient asics.
He said they have over 500000 Mh at the moment.

You might be interested in this feed (from 5:40)
https://www.youtube.com/watch?v=wVXPFVl0r0M

What were we supposed to be looking at around 5:40?

Around 10 minutes he finally says something not utterly old news, but mainly is mentioned the rapidly declining profitability that is currently the state of mining. Looking forward (up to two years) he mentions that transaction fees should become a larger portion of their payouts.

MOB

hero member

Activity: 493

Merit: 504

Quote from: dekodoge on October 14, 2014, 08:53:34 AM

spelling mistake on purpose as i imagine they own the trademark hashlet.

Trademarks do not preclude parody.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: SDRebel on October 14, 2014, 11:51:54 AM

Quote from: suchmoon on October 14, 2014, 02:32:41 AM

Quote from: bathrobehero on October 14, 2014, 02:12:52 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".

you have a zen/gaw hosted fury or a physical one? i might be interested. currently no miners at home. it's quiet in here Sad

I have a hosted Fury that was given as a gift to ZenCloud customers a couple of months ago. It got converted to a Prime later but it seems it's some kind of special Prime - I can't sell it.

If you are looking for a miner I'd suggest something other than Zeus crap, it's unprofitable if you pay $0.15 per kWh or more. Even an old Gridseed blade would be better.

dekodoge

full member

Activity: 168

Merit: 100

Quote from: l1za on October 14, 2014, 12:30:43 PM

Quote from: dekodoge on October 14, 2014, 08:53:34 AM

spelling mistake on purpose as i imagine they own the trademark hashlet.

For what? To make them look stupid on that misspelled word?

no, so they don't sue me.

l1za

newbie

Activity: 37

Merit: 0

Quote from: dekodoge on October 14, 2014, 08:53:34 AM

http://i60.tinypic.com/25exsgy.jpg

spelling mistake on purpose as i imagine they own the trademark hashlet.

For what? To make them look stupid on that misspelled word?

SDRebel

hero member

Activity: 569

Merit: 507

Quote from: eightcylinders on October 14, 2014, 02:56:33 AM

Quote from: suchmoon on October 14, 2014, 02:45:16 AM

Quote from: eightcylinders on October 14, 2014, 02:31:42 AM

What is true is that the next crop of ASICs looks to be coming in December, at a price point of about $5 per mhs (scrypt). At least one manufacturer will have some limited support for Scrypt-N. Assuming GAW has preferred pricing and will be first in queue (a possibility given the number of hashlets they have sold), there is an opportunity for GAW to profit by making large scale ASIC purchases at say $4/mhs delivered in December-January by selling hashlets NOW for $49. Essentially the $49 price subsidizes losses until GAW can take delivery and bring up the new cheaper ASICS.

I think I posted in response to one of the "datacenter" pictures that the hashlet idea looks like a massive preorder for filling up said datacenter. I'm still not quite sure where they would put the amounts of hashrate they claim to have sold. Only Bitcoin network could possibly support that, any other coin - even LTC - would be 51%-ed. Or maybe that's where the "coin development team" comes in.

That is why I say this whole thing smells a lot like the original Ponzi with the stamp scheme. It makes sense for a few thousand, but when you multiply that to millions, the whole things falls apart. We will see.

it doesn't need to be a ponzi when the margin on the primes is so big. they have plenty of room to do a lot of things, including buying tons of BTC equipment Like said above, even LTC would be 51%ed, though if they are smart, even if they were to have 70% of ltc, they would be better off keeping it alive and splitting that 70% in multiple pools

SDRebel

hero member

Activity: 569

Merit: 507

Quote from: suchmoon on October 14, 2014, 02:32:41 AM

Quote from: bathrobehero on October 14, 2014, 02:12:52 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".

you have a zen/gaw hosted fury or a physical one? i might be interested. currently no miners at home. it's quiet in here Sad

SDRebel

hero member

Activity: 569

Merit: 507

Quote from: suchmoon on October 14, 2014, 02:02:59 AM

Quote from: eightcylinders on October 14, 2014, 01:38:42 AM

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.

The "halt" of Prime sales to me sounds like doublespeak for "we wanted to increase the price but that might be unpopular". So if we remove Primes from the official sites and hype them enough to increase the demand to drive up the prices in the marketplace, can we inject new Primes quietly into the marketplace at >$50? I have no idea if that would work, but I'm already seeing bold price predictions on HT, including of course "moderators".

they don't need to inject them at higher than $50. THe current owners will be happier with all the hype because they will think their worth is higher, then they will kep reinvesting in the next best thing that is the Zens.
the morale in general went up. there was a lot of ourage because people were not able to sell back for $40. now you don't hear that anymore because of the new perception that they could even be worth more than $50

for the moment I'll stuck to zens, genesis (bought really cheap, including some in the market for 0.53/Gh) , and ltcgear of course Cheesy

dekodoge

full member

Activity: 168

Merit: 100

spelling mistake on purpose as i imagine they own the trademark hashlet.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

A lot of speculation, you were very productive in the last 2 days.

Quote

If the underlying model is (A) (not ponzi), then somehow GAW has to acquire (on a continuous basis) new ASICS to keep ahead of the market. There are some very large players in this industry where a few million dollars is nothing but a drop in the hat. How would GAW keep ahead of bitmain, KNC, innosilicon, gridseed, etc? How many major ASIC developers have failed to deliver product that is competitive even with millions of dollars in R&D (Black Arrow, KNC, Cointerra, to name just the most recent flameouts). GAW has never purported to be an ASIC developer, and I would never believe that even if they said they were. GAW claims to have *relationships* with ASIC companies and claims to be able to use market power to get the best deals. THAT I believe. However, even the best deals cannot compensate for late deliveries, missed power targets, and/or competitors who get out there with better more efficient ASICS.

During one of the live conference feeds Josh was asked what hardware they are using and responded "all of them". I think he said something about aiming at Bitmain at the moment.
He also mentioned plans for their own chip. They aren't a manufacturer, but have enough funds for someone to design it. So they are doing what they can to have those most efficient asics.
He said they have over 500000 Mh at the moment.

You might be interested in this feed (from 5:40)
https://www.youtube.com/watch?v=wVXPFVl0r0M

Flep182

legendary

Activity: 938

Merit: 1007

Quote from: suchmoon on October 14, 2014, 02:45:16 AM

Quote from: eightcylinders on October 14, 2014, 02:31:42 AM

What is true is that the next crop of ASICs looks to be coming in December, at a price point of about $5 per mhs (scrypt). At least one manufacturer will have some limited support for Scrypt-N. Assuming GAW has preferred pricing and will be first in queue (a possibility given the number of hashlets they have sold), there is an opportunity for GAW to profit by making large scale ASIC purchases at say $4/mhs delivered in December-January by selling hashlets NOW for $49. Essentially the $49 price subsidizes losses until GAW can take delivery and bring up the new cheaper ASICS.

I think I posted in response to one of the "datacenter" pictures that the hashlet idea looks like a massive preorder for filling up said datacenter. I'm still not quite sure where they would put the amounts of hashrate they claim to have sold. Only Bitcoin network could possibly support that, any other coin - even LTC - would be 51%-ed. Or maybe that's where the "coin development team" comes in.

I've thought of that option before. Having them buy S3's at bulkrate to mine BTC and payout the (lower than BTC revenue per USD investment) customers.

Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 97. (Read 262908 times)