Topic: GAWMiner Hashlet Discussion Thread - page 10. (Read 29278 times)

The genesis isn't a prime, it can't switch back. The prime can switch to genesis and back though.

What's  the benefit of using two accounts?! Maintenance fees at GAW Miners will be adjusted downward (n their words: "adjusts to always remain profitable"), so based on that there's no risk of losing scrypt coins to SHA256 fees.
On top of that, and this is quite a biggie, the Hashlet Genesis is a Hashlet Prime, so you can (in the near future/weeks) switch from SHA256 to Scrypt mining and back again.

1)I do agree 2 accounts makes a lot of sense.


2)  Your projections for btc diff rise are high.

Jun 29 to July 12 = 13 days and 3.08 %
July 12 to July 25 = 13 days and 8.08 %
July 25 to Aug 08 = 13 days and 5.30 %
Aug 08 to Aug 19 = 11 days and 20.86 %
Aug 19 to Aug 31 = 12 days and 15.03%
Aug 31 to now   8 to 13% jump

in the last 62 days  we had an increase of about 64 percent.  Which is closer to 10% a jump.  Some think the btc network is getting pretty full in size and longterm growth will be under 10%  per diff jump.

Just a suggestion...

do not buy on the same cloud.zenminer.com account both Scrypt and SHA-256 virtual machines...

Just use 2 separate accounts...

In fact, BTC difficulty is increasing very much (15% - 20% difficulty increases every 10 days), and by few months, you could loose a part of Scrypt mining profits, just paying SHA-256 maintenance fees...

Anyway, I think too that most probably the mining farm should rebate maintenance fees according to market situation...
But it is better to be careful...

This is payout for 1 GHs



and this is cost for 5 Ghs

You forgot the daily maintenance costs:

200GH Hashet Genesis: $0.01 / 5GH so 200GH / 5 GH = 40 x 0.01 = $0.40 / day maintenance, so you keep $2.26/day
9MH Hashlet Solo on Zenpool ( 0.00063912 BTC on Zenpool according to my rates page): $0.08 / 1 MH so 9 x $0.08 = $0.72 / day maintenance, so you keep $1.98 / day
This is of course if your calculations of what you would earn are correct !

According to my Zenpool stats your 9MH Hashlets would make 0.00063912 x 9 = 0.00575208 BTC / day = ~$2.77 /day before maintenance deduction (so ~$2.05 after)

Maybe I messed up some calculations somewhere ..
Make sure you calculate the maintenance fees in when you do a ROI or daily profit calculation!

-edit-
Average payout I posted does not specify if that's / 1GH , 5GH or 10GH. I assume 10GH. Can anyone confirm?

So let me think:

When i buy 200GH/S it costs me 200Dollar

0.00002780 per Day/GH/S = 0.0133 * 200 = 2,66$/Day


When i buy 9 Hashlets it costs me 200Dollar

0.0006721 per Day/MH/S =  0.0006721 * 9  =  2,7$/Day



So why i should use the GenesisHashlet???

The new hashlet is the Hashlet Genesis - SHA256
They start at $9.95 for 10GH bundles, and have a $0.02 maintenance for every 10GH!

More info http://gawminers.com/pages/hashlet-genesis
I bought one.

When you activate it you can select from 1 of the 4 available btc pools:

Hope that answers some of the questions you have prior to buying.

Picture from my ZenPortal showing the Icon and pool for my Haslet Genesis:
http://i.imgur.com/5kNvr5U.jpg

Whats the new HashletGenesis?

Which Pool, and which return/per day when i buy 100GH/S?

New hashlet to be released any minute now! Check out hashtalk or gaw homepage, or link in sig!

they have provided this address as one of them. currently at 62Gh but has hit over 140Gh. not everyone can make up over 100Gh

http://clevermining.com/users/1BT9cPLGRep7nXnvo9JoXn6H7sSd5Em2WE


actually, i just found this thread. it seems someone else mentioned it belonging to sfire and then someone misinterpreted as belonging to zen and then the rumor spread. my apologies
https://hashtalk.org/topic/2516/zenpool-howdeedoodat-some-thoughts/

more than likely they will switch you to a similar one

since it's your first payout it probably means you didn't have it for 24 hours and thus the reduced payout

yup ,at the moment there's no reason, but I think that will slowly change.
For example, they are making an announcement tonite (they usually send emails to all customers by email the next day) at hashtalk.org

so far they seem completely legit, though not without hiccups. customer service can be slow, but in general, there's no proof that they are a scam.
they also sell physical miners, which at least tells you they have plenty of miner, unlike other cloud mining companies that have nothing to show

Update 2:

Reviewed hashtalk.org, very confusing but was able to find  a link stating payouts were from 8am EST to 12noon EST.

Just got payment for day 2: payout time is 11:22am EST, with empty post to the balance tab. Yesterday after I did not see payments I opened a ticket. I'm wondering if these guys are still working and getting thinks working, and I have to keep emailing them to get daily payments.
Did not get paid on day 2, very worrisome for a new product/service.

Another complaint is lack of timings in their timeline. The balance tab is the only one with date and time stamp, the activity tab is missing time stamp.

Reason I make mention is that I purchased 25 Mh zen hashlets on 9/3, and had them activated around 5am EST. If payout cutoff is 7:59am EST then I should have got paid that same day; I did not.

9/3 5am activated 25 Mh Zen hashlets, no payouts for few hours of work.

9/4 full 24 hours after activation should have had payment of 0.015 instead got 0.0100, without any
Maintenance fees. Payout time was 9:19 EST, I had already created a ticket after I did not see a payout after 8amEST.

9/5 Empty payout at 11:22 EST, about to create a ticket. Don't know why 9/4 was fine and 9/5 would not be. On 9/4 balance was fully update within the hour of payout, today it is not.

Yeh me too! Ready to buy some more mining shiz! Been really impressed so far, time will tell though until I hit ROI.

We are also awaiting a SHA256 announcement.
Eager to see what this brings us.

That's true, I heard that they are leasing a lot of their hash power to other companies. People were even speculating that all this hash might be used to crack phones.
I also heard they might be mining a lot of different altcoins at the same time. I'm sure they are mining, but not with all their hardware. Maybe 20% is mining and the rest is leased? Anyway, they said they can't disclose this information.

There's meant to be a massive announcement tonight, maybe the Hashlet Primes are going to get a treat?