Topic: ZenCloud has to be a scam -- especially HASHLET - page 2. (Read 13274 times)

Well, at the risk of being called a troll (anyone who has anything remotely negative to say about GAW seems to be called as such) I'm going to post this anyways.
I recently purchased a handful of genesis hashlets, and during the process wondered "what's stopping GAW from removing any of the pools? Or what happens if a pool like waffle pool disappears? How will they deal with those hashlets which are guaranteed a rate off said pool?". Well lo and behold not 48 hours after my purchase they've removed the only profitable SHA256 pool rate from the genesis. My estimated ROI date, which was part of my purchasing decision has now nearly doubled. I only have myself to blame though. Really.

I am going to bump this thread and say this to the knockers.....    The ones of us that sat there and done the maths etc and read close are about to pick up the cheapest SHA miner ever to hit the market as the $16 we spend per MH on the leap of faith is known as a PRIME HASHLET  now these hashlets from the 12th will be able to mine both sha and scrypt   now the 1mh is worth 40gh on the sha aglo    so if you grabbed 25 mh back when they 1st hit the market you have basically brought a 1th sha miner for around 400 dollars there NO COMPANY OUT THERE THAN EVEN IS CLOSE TO THAT and guess what my hashlets are about a week off ROI so was the best invested I have never made in mining gear....


Ps more here re the multi aglo upgrade straight out of the horses mouth gaw ceo hate to be a knocker or calling them scammers when alot have seen the results 1st hand that I have here and would be close to ROI even before the multi aglo part kicks in on them which speeds the roi up if ya smart on it

 https://hashtalk.org/topic/3906/prime-sha-hashlets

I am extremely happy with my Hashlet purchases as well   

ive made hashlets review with full GUI testing - http://fuk.io/gawminers-zencloud-hashlets-review-and-setup-guide-best-cloud-mining-scrypt-system-to-up-the-date/
excuse my English

I guess Hashlet is about operational efficiency both for GAW and customers. GAW may choose whichever machines they want, pocket volumen discount and offer reasonable price. Why they offer cloud mining instead od doing mining for their own account?  Well, they are reseller ofmining equipment. This is their focus. Why they offer Zenpool to The customers? Because they make more money reselling mining equipment than.   they would by charging 2% of mining fee like multipools. I may be wrong but to me GAW sounds like well managed company knowing what they are doingand what they are good at.

There's a thread where people post their electricity prices and the differences around the world are quite big.
Just take a look:



 If you have it free or very cheap you're better off mining at home, otherwise hashlet will probably be more profitable.

ps i will do it for ya a war machine at 50 mh uses 1800 watts at the cost of 750      vs hashlet 50 mh at 799

now off to coinwarz we go running the war machine at 10 cent per k/w it cost me $4.32 for electricity a day

now to the cloud at .08 per mh that 4 dollars  a day

now to get to 4 dollars to match the hashlet you need to be at .093 cent a k/w on that front  there not many places in the world that have power costs at this price most are well above it    

now to the price diff of 49   that easily made up as the pool at zencloud   (zenpool)   basically is 35-45 percent higher paying  than most other pools eg multipool nice hash etc

maybe it about time the knockers did some real maths and after doing the real maths I am picking a few will join us over on gaw hashlet as their next hardware option...  


to the another side they are looking at multi aglo it soon so when all these new alts come out that prices go stupid on profit wise guess what zen will be doing mining it to make a killing of the traders that do not know simple maths and set prices on new alt well above the btc profit wise alot of the time

already have lol    when ya paying 35 cent a k/w for power where i am it make more sense for me to cloud mine   ps you may want to do some simple maths lol    as atm this thing on target for a 55 -65 day roi

Really doubt they are trying to scam anyone...cloud mining NEVER makes a profit or why would they not just self mine?  If you think that buying cloud miners is a profitable way to mine you better learn to do math first.

At the payout rate, mining whatever it is they're mining still only pays out for just another month on top of the calculation I made.

Not only this, you cannot deny that buying btc or ltc straight up will give you more "ROI" in the same time it takes for you to reach ROI with the hashlet.

He made a new account wrote 1 troll post and disappeared. Move on.

fudd your assuming though that they are mining ltc which i doubt it. if they have such high profitability why would they share their secret. they are better off just having users fund their project blindly. they have a proven track record so there is no need to be so transparent

I ran some figures with this calculator.

https://bitcoinwisdom.com/litecoin/calculator

For the inputs, I have

5% difficulty increment
Electricity price 0
Pool Fee 0

Hash Rate 100 MH/s
Hardware Price 1599
Hardware Power 0
Start Date 1
Deliver Cost 0
Setup Cost 0
Maintain Cost $240 (100 x $0.08 x 30)

Doesn't look good at all.
About 1.5 months before you start paying more on maintenance cost.

I am aware that in a datacentre there is greater scalability so it is probably still cheaper for them to run it on their economies of scale. But, it still doesn't solve the ROI problem. For a start, the pricing should reflect scaling cost cutting benefits as you increase hash rate.

If you buy more you should save more right?

Virtualisation of things is actually a massive cost cutter and any one who runs a datacentre should know that, but these prices don't seem to cut much cost if any at all.

The problem with miners (and i'm none the wiser) is that we all want an idea of a fixed income and we think that mining will give us that. With a bull market there is a fairly even chance of ROI and thats assuming the price of LTC soars back to near previous heights. Right now, if you buy a hashlet you are chasing your money back for the next few months (if you ever get there) and you lose out on market swings.

Imagine if you bought 1599 USD of LTC instead of 100 MH/s of Hashlet.

You can at any point sell any portion or all of your LTC, you can day trade on market swings, and you have the security of having the coins now.

The mindset of mining this same amount worth of LTC and then some more is having it all trickle in slowly, and in a bear market meaning almost making a loss.

I don't agree that Hashlets or GAW are a scam. They are proven to deliver their products. They have excellent history even beyond the crypto mining business.

But lets face it, the hedge is this: GAW know that most people will be optimistic about miners because they are profitable (just about) on today's difficulty and price. (some aren't even that..) The calculations will be way off, and most people will be left with something completely useless and maybe just about ROI or far from it. If today, LTC was soaring to near its previous high and even higher, then yeah, mining would be reasonable.  Right now though, i don't see how any one justifies mining.

For me, it's just a little bit higher than what I would be paying for power. I'd rather have the hashlet, than have to deal with the heat, noise, etc of a physical unit. They're probably using current generation miners for the Hashlets, which aren't the most efficient either.

My problem is their maintenance cost of 8 cents per MH. Right now at CleverMining 1MH/s would give you 0.00033 BTC which is now 15.2 cents. Therefore you would be paying about 53% of your earnings in maintenance, I think that is high.

Thanks for make me laugh, Im really need it
You should learn about any products/services before you buy/use it.
And you make it worse by calling zenminer as scam.

Why people bother check the forum status "Newbie"

you are a very silly man.

Think: they make 1 payout per day. If there are only a couple of hours left before the payout when your hashlets become active, you will only be shown about 1/10 of the profit the mine rwould make after a full 24 hour cycle. When you check tomorrow, after the miner has run for a full 24-cycle, the true profit predicition will be shown, and that is considerably higher than anywhere else at the moment.

So quit calling people scammers, use your brain and get some manners.

thanks for the boost.. and your comment is very helpful.

I have a Hashlet and it's been working great for me. Also, I highly doubt that GAWMiners would try and scam people like this - they're a massive company and very trustworthy.