Author

Topic: ZenCloud Hashlets (Read 1641 times)

hero member
Activity: 595
Merit: 506
October 28, 2014, 05:23:55 PM
#9
The payout has been off slightly the past few days so it could be that.

Also with the Zen you'll be able to mine hashpoints from today or tomorrow, so you'll be able to get Hashcoins in the ICO!
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
October 27, 2014, 11:57:16 AM
#8
Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

So that 39.08% must all be profit since the hashlet cost nothing?
I wasn't engaging in an ROI discussion, so the initial cost of the Hashlet was irrelevant.  OP stated his Hashlet payouts for the past 2 days are at a loss, which would indicate he's paying more in fees than the Hashlets are earning over the 24 hour payout period.  I just pointed out that for the ZenHashlet, even though the fees are a ridiculous percentage, it's not a loss.  Even the lowest-paying Hashlet does not generate a loss - currently it pays 0.00025575BTC per MH/s and with BTC at $350 and $0.08 fee per MH/s, fees equal 0.00022857BTC per MH/s.
newbie
Activity: 6
Merit: 0
October 27, 2014, 10:14:23 AM
#7
Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

I have multiHashlets, and they have been preventing loss by reducing the maintenance fee, but thats now two days in a row they have done that.
I have a 10GHS genesisHashlet and its doing ok.
legendary
Activity: 1428
Merit: 1000
https://www.bitworks.io
October 27, 2014, 09:49:58 AM
#6
Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

So that 39.08% must all be profit since the hashlet cost nothing?
newbie
Activity: 52
Merit: 0
October 27, 2014, 09:47:14 AM
#5
thats why I sold everything at GAW because of Fees and weekly announcements about this and that...make everything too complicated.
sr. member
Activity: 756
Merit: 250
Infleum
October 26, 2014, 05:06:36 PM
#4
first off this should be in alt coin mining section.

next this will continue to happen due to btc price being low. good luck hope for price to jump up.
They are selling hashlets that mine bitcoins, so it depends which one he bought.
 GAW is not the only cloud company that noticed a drop in payouts this month. If you bought coins instead of a contract you wouldn't be doing much better.
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
October 26, 2014, 04:25:00 PM
#3
Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
October 26, 2014, 02:28:36 PM
#2
first off this should be in alt coin mining section.

next this will continue to happen due to btc price being low. good luck hope for price to jump up.
newbie
Activity: 6
Merit: 0
October 26, 2014, 12:20:31 PM
#1
Bought Some Zencloud Hashlets from GawMiners 5 days ago. last two days they made losses... kinda worry watching the balance go down! Has anyone experienced that?

Peter
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