Bitcoin Forum

Maybe I'm missing something here...can someone explain what hardware is behind GAWminers HASHLET that allows it to mine multiple algo's?  I'm just not grasping the concept of HASHLET completely...

"Hashlets will be upgraded over time…...
Finally, Hashlets are upgradeable. How can a digital miner be upgradeable? Simple, because its digital and we built it smile The same Hashlet miner may one day be upgradeable beyond limit… and, well… it might just even be able to mine other algorithms"


https://hashtalk.org/t/hashlet-mining-has-finally-evolved/6125/227 (https://hashtalk.org/t/hashlet-mining-has-finally-evolved/6125/227)

Seems interesting, is it just me or is gawminers.com not loading/down?

I too have been trying to make a large Hashlet purchase but the site isn't loading....

I inquired about it on hashtalk.org and they said that the site was so overloaded with purchases the first minute that the server crashed. The crazy part is that they use Shopify which is the largest e commerce site in the world haha

I want my Hashlets!!!!! :-\

It's working for me, but I had problems with hashtalk.org today

Anyway the miners look interesting.
They have Project Prime logo on them.

Working now, I just ordered my 50 MH/s  ;D

I wonder when it is activated.

I got 5mh through the Zen market to test payouts.  Was activated instantly.

I bought through GawMiners.com

Still in unfulfilled

Just ordered 1 Mhash/s for testing.

Same problem!?

Wait a little bit, you will get your activation code in your email. It took like 25 mins after I purchased

I know they say multi algorithm in their description, but they never say of it's a 1 to 1 ratio. 1gh/s for 15.99 sounds very expensive to me if I can only mine SHA.  Has anyone tested that you can also mine Scrypt? If so, is it 1gh/s?

think you mixed up something. its scrypt and you can buy 1mh for 15.99$. zenpool should deliver more than other pools.
you can check ratio here:
https://www.zenminer.com/pool/

they are absolut overloaded with purchases right now. i was waiting 2h 15min for my 100mh hashlet activation code.   :D
now its up and running and i can go to sleep.
its absolut irrelevant what they are doing on the hardware site as long as they can deliver high output to get roi as fast as possible.


 

Do they charge maintenance fees on hashlets? Maybe I should've checked before I bought

Isn't this yet-another-cloud-mining-service? Maybe based on Gawminer Vaultbreaker?

Now they need to update their interface to reflect the Hashlet mining speed on the Dashboard charts.

Just takes some time, mine is showing up now.

This is basically the Ghash.io of Scrypt Mining.

You can buy cloud mining hashlets on Gawminers and send em to the zenminer pool.

Just like you could buy cloud hashes on cex.io and use them to mine on Ghash.io

Good point, there was a $2.5 per MH/s per month fee mentioned somewhere on hashtalk but I can't find that anywhere on the product page or the cloud site. They do promise to reduce the maintenance cost, whatever that means.

Edit: $0.08 per MH/s per day. Login is required to see it on the cloud site. Still not sure if it's available anywhere publicly.

https://cloud.zenminer.com/maintenance-cost

https://meem.link/i/a/7kJye.jpg
Edited 2020-11-27 to fix a broken image

So far I look it as they use most profitable HW for mining... so when HW they have now got no ROI they gona sell it and buy a new one, and then we and them split the profit, we are investors with $$ and they are the ones that buy new HW and sell/trow old one

Also loos like HW is also built like it can be upgraded, how duno...

I just hope they can keep up the mining profit over mainternance cost as they told us, 0.08$ a day should drop as soon as mining profit drop, or they update HW in same time

When you click on any of your hashlet miners, it doesn't display a fee.  My Black Widow shows .98 a day and the Fury shows .11 a day.  I thought I read that all fees were rolled into the purchase price?

are the power fees deducted from your mined balance?
or have to be loaded into the account regularly?

I believe they are deducted from the mined amount. I don't see any maintenance fees in my transaction log, so the payout must be already reduced by the time it hits my account.

Yea, not a whole lot of transparency right now...  Hopefully that changes and we'll be able to see what we're paying in fees.

1. The Zenpool pay out looks great at 0.00065924 BTC/MHs/day but how do they achieve such a high pay out while Waffle and Nicehash achieve only 0.00026 or 0.00038?

2. If I pay 16$ per MHs, do I own a miner with e.g. 1MHs or do I rent the hashing power for 1 year? Really not much transparency ???

 it is rental.  If you buy from them use a cc and don't just buy hashlets.

buy some "real" gear from them.

their s-3 price is okay.  once you fully analyze the cost of an s-3 .

they want 499 for an s-3  

use code welcometogaw for 10$ off

or use code gaw25 for 25$ off.

say the better code works you pay 474  use a cc get 60 day protection.

it will hash today.  

free power for 30 days  that is worth 25-30  bucks  so 474- 25 = 449 usd

free use of psu that is worth 50 bucks  so 449-50 =  399  real cost and it will mine today.

it earns 4740 points  in a few days buy a couple of hashlets 2 for 32 usd you get 320 point plus the 4740 points = 5000 points cash that in for 10 bucks buy 1 more haslet for 16 -10 = 6

So out of pocket  with a cc you spent 474 + 32 + 6 = 512 usd

you get an s-3 and you get 3mh of scrypt  all cc protected against fraud.

Correction: now on my second day there is a separate transaction for the fee:

Service Charge account service fee -0.00016128 BTC

That's for a 1 MH/s hashlet. It earned ~0.00068, so the fee is about 25%.

Do they have a daily payout chart for "Zenpool" I'm intrested in seeing it's earnings with all the hype they are giving it.  A week or so of payouts would be interesting to see the days.

Thanks if anyone posts

Well they only started selling them two days ago, so there is only one full day of earnings so far. It's ~0.00068 per MH/s. There is no chart on GAW/Zen site as far as I can see.

Thanks for all this info !!!!! But what is cc?

BTW I can't find any "S-3" at http://gawminers.com/collections/all-miners

They are either updating the store as we speak or sold them all. S3 is the most profitable bitcoin miner on the market, no wonder they went so fast.

Yes, 8 cents per MH per day.

Hi Everyone!!

For those of you who do not know me, I am Amber the GAWMiners Community Relations Manager.

You all have very valid questions! We are working hard to make sure our site is very clear.
Please join us at https://hashtalk.org/t/questions-you-have/6487 to submit your questions and/or find the answers you are looking for!

You can always email me at amber@gawminers.com!

I look forward to talking to you!

Sincerely,
Amber

Yes as far as what I've seen thus far, it's $.08 per Mh/s per day. That is with ZenPool anyway. I tried it out with 1 Mh/s and of course greed took over and I purchased another 6 Mh/s  :D

Here's a question: what is the advantage of using this cloud service which mines with Mh/s instead of Gh/s? I've been cloud mining with PB Mining and LOVE it! Hardware mining with Antminer S1's. All are doing well, so I thought I'd get in on the Hashlets as well since I love to diversify. So which is better? Is it just a matter of opinion or is there a significant difference? Obviously, I want to maximize profits and be as efficient as possible.

I am enjoying my 50 MH/s. I am thinking of purchasing 2 100MH/s hashlets later today.

Do you also cloud hash elsewhere? If so, where and are you enjoying your hashlets more than the other(s)? I even have Gh/s in CEX and Bitcoin Cloud Services, which has its own set of idiosyncrasies haha

I used CEX for a little while but never bought too much hash power. Right now this is the most profitable for BTC because it mines scrypt, then auto exchanges to BTC.

Yeah that's why I got into it myself. I love that aspect of it. I'm curious to see your results and the results of others with the different pools within hashlet. Overall, it's just fun. Especially when you have hash rate spread out over a lot of different services. Now if BTC will just get back up (and over) $1200 the fun can really start  ;)

Yes, I have only been mining the ZenPool with my hashlet. Right now the price of BTC is low so I am getting more BTC when I get my payouts. Hopefully the price will go to $1200+ later this year

Same here (it's like we are living parallel lives). I've been purchasing more BTC with every "flash crash". Best time to hop on it! I really don't see BTC going much below what it is now. That is my HOPE anyway

The question is for how long it will be more profitable. With every Hashlet being added, the Litecoin (and other...) difficulty increases and because of the automatic exchange to BTC, it also creates more and more selling pressure on Litecoin making the price go down.

Hopefully for at least months to come. But with so many scrypt coins still being launched there should always be a profitable one.

While it's true that there are more Scrypt coins than Litecoin, I would guess that about 80% of the Scrypt hash rate goes to Litecoin. Most new coins have a very low market cap, so there is only a limited amount of hashes that can be spent on them with profit.

My issue is that with current price of LTC and converting to BTC, it seems like we paying 1/3 of our profits into fees.  I only have 10 Hashlets and I made $1.31817891 last night after the $.80 in fees; gross was $2.12639971 less $.80822080 fees with BTC at $468.88.

Before LTC crashed, I was earning approximately $5.50 a day on a Black Widow which hashes at approximately 13mh/s; now that machine is at $2.42163888, with a $.98 a day fee which leaves me a
$1.44163888 in profit.

I wonder how long we have as individuals before it doesn't make sense to hash...

It hasn't made sense to hash SCRYPT for quite some time now...

Wrong.  Do your research, you're obviously missing launches.

Same case with bitcoin, merchant that except btc also selling btc for fiat.
But for long run, the with increase of coin circulation, the selling pressure will be ease for sure.

My concern is the future of haslet its self. its reliable for long run