Topic: ZenCloud has to be a scam -- especially HASHLET (Read 13246 times)

Not long ago I saw this ( https://bitcointalksearch.org/topic/m.9663911 ) thread of PB mining, full of people with different cloud signatures trying to prove it's a scam. Even the guy who made this GAW thread somehow never logged in to check it out. Was probably busy making another sockpuppet on reddit. ( http://www.reddit.com/user/redflagsforever ). If you bother to look at the profiles, half of the people in each thread are sent there to write "scam" and the rest is there to call them liars, while the readers are stuck in bitween, wasting time

those reddit links point out a lot of stuff. I didnt have to read the entire thing, but just the brief 5 updates but people need to check those links out.

it says some disturbing factors on whats going on with gaw despite others protecting them. If they can respond to those reddit links im discussing then we have some form of transparency.

ESP update #5.

Update 5: CoinFire publishes story on possible dishonesty on the part of GAW with regards to partners, gets hacked. Thread with more information here: http://www.reddit.com/r/Bitcoin/comments/2n7c9r/coinfire_publishes_article_with_details_about_gaw/

Don't get caught up in all the madness:

http://www.reddit.com/r/Bitcoin/comments/2l7myv/can_we_talk_about_gaw/

http://www.reddit.com/r/Bitcoin/comments/2n7c9r/coinfire_publishes_article_with_details_about_gaw/

Thanks for the info. I was considering investing with them. I guess I'll be more careful now. 

Well I'm glad my hashlets sold I lost 73.00 because i could not sell my hashlet for what I paid for. They would not let me sell it till a week later and by the time the price of them dropped. I got back 2/3 rds of the money I spent. Luckly my real miners made the 73.00 back in 1 week to cover it.

If anyone know of any company selling the chips on a board I can make the heatsinks and cases for the boxes. I have a machine shop friend that can do any of the work and even make them water cooled.

I'm hoping that hashra will come through with there astros.

I agree.

But if they call "mining operation" to a simply borrowing operation with arbitrary daily installments, they are lying.
If they lie to investors about the business, it is fraud. And fraud sounds me like scam, sorry.

It is very simple to cut all this speculation, because we are talking about cryptocurrencies:
They must to show in the dashboard: the pools, blocks mined, tx id's of payments, the total volume of incomes per hash and per algo, and the resulting value for each hashlet.
Since they show nothing, i'm afraid the mining operation does not exists.
Then, if mining operation does not exists, the "maintenance fees" are the reason to take them to court.

Yes. Today I was paid, but passed 36h from my purchase, no 24h.

Regarding your beautiful picture... We are talking about cryptocurrencies! the proof is the blockchain, not pictures. If you want to prove the volume of mining operation, all you need is disclose the payment addresses so everyone can check the blockchain. I will continue speculating until that moment.

Best regards!

So you bought yesterday and were told you'll get paid today, which sounds completely normal.
Cut the speculation and simply update when you get the payout (or not).


If you think they aren't hashing check this out:
https://scontent-a-lga.xx.fbcdn.net/hphotos-xpa1/t31.0-8/10521920_937768276250833_236777150447653165_o.jpg

It´s my understanding that "ZenCloud" is virtual and not actually hashing.



If i would be GAW, i would not hashing at all.

For what? Why bother with hardware miners?

LOL Enough $$$ to pay out customers with selling overprized hashingpower, high maintenance fees, high trading fees  etc etc.


It´s no scam, just a very clever business model.

People are even mining worthless (at this point) HashPoints.

While btc and ltc are flying

Update:

I have received an official answer to my ticket:
"Since your miners were activated yesterday you will receive your first payout on this following rounds payout tomorrow"

It means that "prorate theory" is another lie. All it is completely arbitrary there.

If you still have doubts about the volume of mining operation of them, please visit: https://blockchain.info/pools
Mmm.. there is no such "Zencloud pool" there... maybe they are as "Unknown"

Regarding dashboard... the answer says: "We are unfortunately having a problem with the dashboard reporting properly. This will be fixed as soon as possible. We appreciate your patience".

I can imagine that with "maintenance fees" thay are able to contract the best web development team to fix the dashboard ASAP.
 

I must agree with this topic.
Yesterday I have purchased 3 different hashlets to test them.

When I entered in the site for the first time I was very dissapointed. Very poor. Lack of information. Dashboard is deactivated and it no showing any information. Hashlets seems to emulate changes on the hashrate as they are really hardware miners, but -as you know- they are virtual miners, so the hashrate must be fixed.

Well, after 24 hs I have no received any payout... nor a prorate, nor a lower payout... big zero payout !
I have submitted a ticket and I will wait for answer.

But I think all the hashlets and the site related, the mining operation, is a huge lie.
In fact, we are lending money to GAW miners, and they are borrowing money with the rate they want, for the time they want, and some day they will say that "maintenance fees" cannot be lowered and the loan will finish.

Hashlets to me seem a scam so far. I have 1 25mh hashlet and atm it makes 0.00825 btc a day but heres the catch they charge 0.08 cents a mh in fees which only earns me 0.00200 a day. There taking 70% of my profits in fee's. What would be fare would be 50% of my profits not 70%.

I have 2 thunder x3's doing 60 mhs per sec on the same pool I'm mining from on the hashlet that earns me 0.0265 btc a day. Even with the cost of power I'm making way more money doing the mining myself with my own miners.

So far in one week of the hashlet running 25 mhs 24/7 I have made 7 days made 0.014 btc or 4.62 dollars my Thunders made 0.1855 or 61.00 dollars minus my power costs for 24/7 for 7 days 42.00 = about 20.00 dollars

So you can say hashlets are all great and good but the math does not add up as good more like a ripoff.

GAWminers was a great company till they went to cloud. Same as Zeus they also went to cloud. Because these companies have found a way to make profits of suckers like me and you.

I got sucked in and now I'm trying to sell my miner on zencloud but I have a funny feeling it will never sell. So i will never get my ROI till 6 months later if the price of BTC goes back up to say last years price of 1100 I would have lost over 800 dollars in this investment. OUCH that would hurt.

Hard core Miners don't want cloud we want hardware. It gives the best ROI and short periods of time.

I heard someone in here that hashlet is kinda good. "kinda" good.

A couple thousands of their clients would disagree

I really do not see hashlet's being worth anyone's time.

hey, i just bought a couple of hashlets and have been hashing for over 24 hours but not payout yet.  how often are the payouts done and how long til i get the first payout?

thanks

Hi!
I would be more than happy to follow the progress of your refund. Please email me your information and I will be happy to do so!

Thanks!
Amber
[email protected]

I'm sure everything will go smoother this time.

Check out this thread for more info, if you haven't already.
https://hashtalk.org/topic/5325/payout-bug-9-11-14

They closed the thread, because people were writing off topic posts, spamming and repeating questions that have been answered.
I'm somewhere in between when it comes to moderation. The one on hashtalk is a bit too strict, while on the other hand this forum could use a bit more of it.

I wasn't contacted by GAW stating anything about a refund, and frankly if they're putting that information somewhere on a forum, it isn't the right place. Not everyone has hours a day to scour forums. So if they're offering refunds, a message on the Zenportal, (which is where I was notified of the pool removed) or an email are the only appropriate forms of communication for such a matter. But thanks for letting me know, I'll submit a support ticket requesting more information.

My last refund with GAW took almost 3 months! While I can appreciate receiving the refund in the end, I still paid interest, and they still had my money during that time. So let's hope it's a bit more expedited this time.

Quite frankly, from what I've observed, it's more then a few schill accounts. GAW has aggressively censored people on forums who questioned their integrity. Didn't they abandon their bitcoin talk thread in place of moderating their own forum? I don't necessarily think they're a scam, but there's a certain koolaid that's being passed around and I'll have none of it.

First of all if you really bought them recently, message them about a refund. That's how they are dealing with it.
The pool was removed because people were playing the system.
There's one peoson with at least 3 sockpuppet newbie accounts that is trolling in the GAW threads. To be called a troll you have to act like one.