Topic: GAWMiners.com Hash Marketplace- AVOID! (See update) - page 2. (Read 8068 times)
I'm sure they will do something to help you out but in the end it was your fault. You made a mistake and want the company to pay for your mistake. If I have learned anything with bitcoin it's always double, tripple check what you are about to do because if you make a mistake it's more than likely gone forever. Guess this is just a expensive way to learn a lesson.
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use.
If gaw were to allow the OP to cancel his sale after the offer was filled then the buyer would have an issue with gaw because they would not be able to take advantage of a good deal they found and paid for
An exchange-type model would be driven by supply and demand, if there is no demand AT ALL the seller wouldn't be able to sell, but the OP sold hashlets (albeit at a very very low price), so there is demand. Making buyer bids available wouldn't make it worse than it is now, and in cases where there is demand it would make it much better for both sides. Exchanges routinely deal with hundreds or thousands of different assets, a few types of hashlets shouldn't be a problem. However if GAW prefers to stick with the "marketplace" model and not "exchange" - see below.
Price errors are not "good deals". Yes, it's the sellers fault. No, it's not wrong to allow the seller to cancel the sale in the current Zen marketplace model, which is more like eBay, Amazon, craigslist, or your local flea market, ALL of which allow that. Yes, the buyer would be unhappy. There are ways to deal with that too, if GAW wanted to make this a civilized marketplace. E.g. non-refundable listing or transaction fees.
I think the point I'm trying to make is that it's not necessary to invent anything new - there are proven models that work, and GAW also has the advantage to learn from mistakes of others. Instead they're choosing to make their own mistakes and punt the responsibility on users. Not cool.
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use.
I doubt it's intentional, more likely just sloppy/rushed design and coding. Just a week or two ago they had a major "mea culpa" moment and promised to not release untested code anymore, but they referred mostly to unit/functional testing. I haven't seen usability testing being addressed.
I'm sure there would be plenty of demand if they let buyers put bids in. Or if it's a marketplace then the seller should have the last word whether to let the item go when a buyer shows up with the money. Now it has the worst features of both concepts.
There's always some room for improvement. Maybe the owners will read this and make it more noob friendly.
Anyway, this doesn't change anything for MrGreenHat. He still made a mistake and wasn't scammed by the site!
If gaw were to allow the OP to cancel his sale after the offer was filled then the buyer would have an issue with gaw because they would not be able to take advantage of a good deal they found and paid for
+1
Somebody already made a topic with a similar claim. If they refund 1 human error people will just be more careless. Why confirm the price if you can get a refund every time?
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use.
If gaw were to allow the OP to cancel his sale after the offer was filled then the buyer would have an issue with gaw because they would not be able to take advantage of a good deal they found and paid for
Im surprised no one is upset about the fact that they have dropped prices on ONLY the hashlets that can be sold in the marketplace by about $2 for each one. Now, anyone who was trying to sell their hashlet and get a decent amount back for it can expect to get even less. Is it not obvious to anyone but me what these guys are doing?
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use.
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use.
You're comparing a marketplace with an exchange. When threre's not enough sales you can't have a market depth. If he listed it on a new exchange with no bid orders the outcome would have beeen the same.
I'm sure there would be plenty of demand if they let buyers put bids in. Or if it's a marketplace then the seller should have the last word whether to let the item go when a buyer shows up with the money. Now it has the worst features of both concepts.
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use.
You're comparing a marketplace with an exchange. When threre's not enough sales you can't have a market depth. If he listed it on a new exchange with no bid orders the outcome would have beeen the same.
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use.
sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
One of the problems with hosted hash power. You have no real control over what you are mining.
When you own mining equipment these things cannot happen. Of course I understand some people like the hosted mining thing but really it is a limiting factor. Buying the mining equipment eliminates all these issues.
One of the problems with hosted hash power. You have no real control over what you are mining.
When you own mining equipment these things cannot happen. Of course I understand some people like the hosted mining thing but really it is a limiting factor. Buying the mining equipment eliminates all these issues.
I don't think GAW had anything to do with this sale, the blame solely is on you. I don't mean to sound like a dick, but the reason you could not cancel was someone beat you to the punch and purchased it. there are tons of folks that sit there and hit f5 (refresh) waiting for a mistake sale.
it sucks, but dust yourself off and move on.
it sucks, but dust yourself off and move on.
Have it scrape the offers page continuously. Once an offer appears low enough have it automatically buy it.
Just to make it clear - automated scripts of this nature are prohibited by GAW and if someone indeed used some kind of scraper like that to buy OP's hashlets the transaction should be reversed. However there isn't any way to prove it as far as I know.
FWIW this is far from an isolated incident. The Zen marketplace user interface is notoriously clunky and unnecessarily confusing. For example the cloud's own price list shows hashlet prices per MH/s and there is no reason why users selling on the marketplace should be required to enter the TOTAL price. If the price was entered per MH/s the risk of incidents like this would be greatly diminished. I'm not saying it's not the OP's fault, because sadly it is, but there are some very simple tweaks GAW/Zen could and should implement to prevent this from happening.
You ALL seem to be missing the point. I realize that it was my fault for clicking "YES", but there is no reason that I shouldn't have been able to remove them instantly, which the portal would not let me.
Very likely because somebody purchased them immediately. The portal wouldn't let you because they were no longer yours to remove from the market.It would be very easy for someone running a script set up to buy any hashlets at a big discount to buy it in a split second.
Also I just checked, you need to hit "Sell" then "Confirm" then "Confirm" again. I'm not sure what you expect them to do other than disallowing people from selling at the price they want.
how would one create a script like this?
Have it scrape the offers page continuously. Once an offer appears low enough have it automatically buy it.
How did you pay gawminers? If you used a credit card chargeback.
Remember that he traded the hashlets himself, which means he chose to sell them and got paid. Even if he managed to perform a chargeback this would be nothing but a fraud.
What if every client, who missclicked in the API, wanted a rollback?
From the customer's perspective he got robbed $1380, and has every right to get that money back through any means possible.
The fact that the system isn't forgiving, doesn't make it faulty. Just look at a typical bitcoin transaction, once you confirm it, it's over.
I have been at both ends of fat fingers in the past. Luckily, my losses have been minimal.
OP, I know it sucks, but its not their fault at all. If you think the process is tedious and that they should have a bigger confirmation, you should have mailed them earlier with that feedback.
OP, I know it sucks, but its not their fault at all. If you think the process is tedious and that they should have a bigger confirmation, you should have mailed them earlier with that feedback.
How did you pay gawminers? If you used a credit card chargeback.
Remember that he traded the hashlets himself, which means he chose to sell them and got paid. Even if he managed to perform a chargeback this would be nothing but a fraud.
What if every client, who missclicked in the API, wanted a rollback?
From the customer's perspective he got robbed $1380, and has every right to get that money back through any means possible.
The fact that the system isn't forgiving, doesn't make it faulty. Just look at a typical bitcoin transaction, once you confirm it, it's over.
How did you pay gawminers? If you used a credit card chargeback.
Remember that he traded the hashlets himself, which means he chose to sell them and got paid. Even if he managed to perform a chargeback this would be nothing but a fraud.
What if every client, who missclicked in the API, wanted a rollback?
I understand the OP is angry, but there's really nothing they can do about it, but learn from it and maybe make it more difficult for people to place orders on the marketplace.
You ALL seem to be missing the point. I realize that it was my fault for clicking "YES", but there is no reason that I shouldn't have been able to remove them instantly, which the portal would not let me.
Very likely because somebody purchased them immediately. The portal wouldn't let you because they were no longer yours to remove from the market.Time to quit the world of cryptocurrency ....
But for what reason you wanted to sell your hashlets. they are not giving you the expected return?
I have saw problems like your case more than twice in the last week, if ever i had to sell anything i would put the highest price ever just to understand how its work.
and would think 300 times before selling it .
I was going to use the money to buy some prime hashlets instead, in fact, I was going to buy $10k worth. I was gawminers.com biggest fan until yesterday, but now every hashlet I own is for sale and I am never doing business with them again. If they can't rectify what was clearly a human error, then clearly they don't give a shit about their customers. GAWMiners.com exchange platform can be EXTREMELY difficult to navigate, especially when you own a lot of hashlets and split them up and you've got 20 different hashlet icons, and the only way to tell one from the other is to make damn sure before you click "sell hashlet on market" that you have clicked the correct one (which, as I mentioned earlier, all look exactly alike except for the amount of MH which is displayed in the center of the hashlet in tiny font.) And once you click "sell" and they ask you to confirm your sale, it simply asks if you are SURE you want to sell your zen hashlet, it doesn't say are you sure you want to sell your *70* MH or *1* MH zen hashlet. If anything, let this be a warning to anyone who plans on selling hashlets on GAWminers.com, be VERY careful when doing so. But for what reason you wanted to sell your hashlets. they are not giving you the expected return?
I have saw problems like your case more than twice in the last week, if ever i had to sell anything i would put the highest price ever just to understand how its work.
and would think 300 times before selling it .
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