Bitcoin Forum

10/18/14: I am now 126% ROI for my bitcoin invested in gaw's bitcoin miners (actually scrypt hashlets)!!!  My plan at this point is to now build my mining power with future profits :D

If you'd like discounts on GAWMiner's hashlets check out my thread here (https://bitcointalk.org/index.php?topic=750909.0)

Hello I started this thread to see IF and WHEN the gaw miners hashlets will ROI in terms of both USD and BTC.

I purchased a GAWMiner 1MH/s Hashlet on 8/21/14 for $15.99, which was BTC 0.030839 at the time with an estimated ROI of 52 days after fees.

Note: 8/21/14 is a partial day of mining and thus not a full days worth of mining payout

Date  |	BTC Received |	$ Received |	BTC ROI Time |	$ ROI Time |	BTC per MH/s on ZenPool|	Total BTC Earned   |	% ROI to Date (BTC)
8/21/14	0.0001017	$0.05	Partial, NA	Partial, NA	BTC0.00065055	0.0001017	0.32%
8/22/14	0.0005801	$0.29	53 Days	55 Days	BTC0.00073722	0.0006818	2.2%
8/23/14	0.00049838	$0.25	62 Days	63 Days	BTC0.00065734	0.00118018	3.8%
8/24/14	0.00056351	$0.29	55 Days	54 Days	BTC0.00072287	0.00174369	5.6%
8/25/14	0.00051760	$0.27	59 Days	59 Days	BTC0.00067560	0.00226129	7.3%
8/26/14	0.00053079	$0.27	58 Days	59 Days	BTC0.00068671	0.00279208	9.1%
8/27/14	0.0009866	$0.50	32 Days	31 Days	BTC0.00114244	0.00377868	12.3%
8/28/14	0.00056912	$0.29	54 Days	55 Days	BTC0.00072672	0.00434780	14.1%
8/29/14	0.00055373	$0.26	56 Days	61 Days	BTC0.00071237	0.00490153	15.9%
8/30/14	0.0004824	$0.23	64 Days	70 Days	BTC0.00064408	0.00538393	17.5%
8/31/14	0.00049723	$0.23	64 Days	70 Days	BTC0.00066355	0.00538393	19%

9/15/14: I am now 52.4% ROI in terms of bitcoin!!

9/28/14: I am now 85.6% ROI in terms of bitcoin!!

10/18/14: I am now 126% ROI for my bitcoin invested!!!  My plan at this point is to now build my mining power with future profits :D


Each ROI calculation is done as if the miner was first mining on THAT day, so that I can track if there are any jumps in ROI times without averaging in past days.

If you'd like discounts on GAWMiner's hashlets check out my thread here (https://bitcointalk.org/index.php?topic=750909.0)


Estimated Zen Solo Hashlet ROI time in days:

So currently the Zen Solo's cost 20.85 aka 0.0438 BTC for 1 MH/s. Each MH/s makes 0.00063617 BTC per day. Now if the zenpool payout per day stayed constant the machine would reach 100% ROI in 69 days. However, with difficulty increases of each coin and usually decreasing cost of altcoins the payout per day should be decreasing pretty quickly. HOWEVER, zenpool payouts on 8/21/14 were 0.00065055 BTC/MH/day and now its only declined to  0.00063617 BTC/Mh/day which is only a 2.3% decline over almost a full month! This intentionally does not account for the $0.08 fee per MH, which could increase in BTC amount if price goes up, or could become nearly no BTC fee if BTC price goes up as many people are projecting.

Lets extrapolate 2.3% decline in BTC for for the 69 day projected ROI and we get an estimated ROI time of 72 days (compounding decline).

Zen Primes will need to have some cool features added to them before I believe that this will be a clearly profitable hashlet to go with. The biggest thing they could add to these right now would be the ability to mine different algorithms as scrypt already has a LOT of competition and thus lower prices. With that being said, I also expect them to increase the price of the hashlet primes along if/when they ever add the other algorithms to them, because at that point they profitability will most likely increase quite nicely.

Considering the last few bonuses and larger than expected payout 50-60 days is reasonable if all stays the same. Especially if you can afford to deposit enough btc to bump the hashpoint earnings to 5+ mbtc/day.

Yeah I'm not sure yet if the fees are already deducted from the BTC they estimate I will make per day and I have no idea at what rate their fees will be dropping. So with that being said, I plan on just writing down the actual BTC I receive per day and seeing how it all turns out. And there is almost guaranteed to be a difference between BTC ROI and USD ROI, which is why I'm going to keep track of both (bitcoin price is very unlikely to stay the exact same as it is now).

So just after 1 full day of mining the new ROI is looking to be about 6 days longer than expected already....Hopefully that trend does not continue.

So from 8/22 to 8/23 the bitcoins made per day per hashlet has dropped by 14%, increasing the ROI time (if bought today, not including past gains) by 10 days.

Noticed the drop the last few days also on mine (have 90MH).  Still confident they will ROI though.  If anyone wants to sell theirs, looking to buy more of them.  Paying the original $16 per/MH price on them.  Instant ROI for you. 

It seems like the price has recently been increased to $20.-. Unfortunately I was too late to buy the hashlets for $16,- as I only found out 1 hour ago about these Hashlets.

Let's see how this goes. I will follow your topic. My ROI will be a bit longer, but we'll see :).

If you can recoup your investment in 50-60 days, that imply the ROI is well over 400-500% annualized.

I will check this thread again in 40-50 days, please keep us inform.

Thank you

now the price has reached $ 20 hashlate
calculation. your profits are no longer appropriate

Well, my 2 days of 10 MHS:

1day. 1.00 USD
2day. 2.70 USD
2 days total 3,70USD . can you find better anywhere? i think its good for now

Ok so after the initial dip in BTC/Day on 8/23/14 we then saw an improvement on 8/24/14 which increased the btc payout by 13%. Looks like it held steady to 8/25/14 with just a slight decrease in BTC payouts.

I'm honestly happy that the payout decrease per MH/s did not continue.

So far so good..
But today at the same time I havent received payout.. do im the only one here?
And my miners MHS has just doubled . I had 1x 10 MHS and 1 x 5 MHS, now all day its 1x20 and 1x10 MHS..

yeah no payouts here either , is the scam finally maturing ?

same here my hash rate has doubled and no payouts today for me either.

seems like this was 12 hour promotion today..uuuuufffff..why can't they send a simple mail.

https://hashtalk.org/t/double-hash-for-all-hashlets-for-the-next-12-hours/8585/

vaultbreakers should bring down cost of hashlets and service charge! that is, if they are using them or their boards.

Where is my ref back commission? You said you'd send it by monday which didn't happen.

regarding hash rates/graphs, I think they were having problems with them since introducing merging of hashlets. Seems to be reconciled today, but still keeping a close eye on their profiability.

Now that they are 24.99, I won't be getting any more though.

Hash rate was doubled for a promotion. I also haven't received a bitcoin payout for today 8/27/14, but it usually occurs in the middle of the night for my time. I have received my 8/26/14 payout and I expect the 8/27/14 payout to be in my account tomorrow (which is why my updates are always 1 day behind)

BitcoinPokerBro I told you this "Ok I see it. Let me make sure that GAW doesn't run with everyone's money over the weekend, and if they respond to me tomorrow (Monday) I'll send you the coins. Only reason I have this check in place right now is because they were supposed to contact me last Friday, but suddenly they are out of the office..."

They did not respond to me on monday and thus I haven't sent the coins. I was finally contacted by GAW today and they said they are sending a wire transfer (instead of the BTC payment that I wanted). So far I see no wire transfer, but with it being past 5pm my time I'll give them the benefit of the doubt and hope I see it tomorrow. If the wire transfer goes through tomorrow then you will receive your BTC. If gaw miners is running with the BTC then I won't be able to get it back for you. But I'm trying to get you your discount from them on a daily basis, give me some time and I haven't forgot about you.

I also added you to my public list of people I will be giving BTC Back to if GAW doesn't run with it here: https://bitcointalk.org/index.php?topic=750909.0

The double payout by gaw miners on 8/27/14 definitely was a nice boost in BTC for the day. I've had the miner for 8 days now and it's currently looking like it will take another 46 days to reach 100% ROI, unless GAW has anymore surprise power boosts in store for us :D

Hopefully when my MH/s get upgraded to the Hashlet primes they will have some nice features or increased hash points potentially at some time. Also these figures don't account for the hash points that I'm accumulating to buy new free hardware, which inherently has some value to it.

Well it has now been 10 days since I bought the Gaw Hashlet scrypt miner power. Just 10 days in and I'm already at 19% ROI with absolutely no electricity or cooling cost to myself (I subtract their $0.08 in fees from all of my calculations). And just 6 hours ago they gave me a free multipool hashlet, which is awesome, but I will not be accounting for the free extra mining power they gave in my ROI calculations to keep everything fair.

The bitcoin revenue per day is finally starting to decrease (although not by much) and thus a lengthening of the ROI time if it could still be bought today for the original price is occurring. It does look like it will make 100%+ ROI prior to becoming worthless though.

I was curious if there is a resource for calculating or approximating new purchases now and the liklihood of achieving ROI? (similar to the genesis block calculator).

Also just found your link for the 1.5% - I wanted to utilize it but wanted to see some ROI calculations first.

Thanks!

I purchased my gear on 08/13/14 and i'm already at 44.7% ROI

Excellent dude, nice one! :) Only got onto the hashlets recently, looking good so far though.

I got in early too, but was considering making another large purchase, but wanted to look at some data first.  Just curious if someone had down that analysis already or not

Added this to the OP

Estimated Zen Solo Hashlet ROI time in days:

So currently the Zen Solo's cost 20.85 aka 0.0438 BTC for 1 MH/s. Each MH/s makes 0.00063617 BTC per day. Now if the zenpool payout per day stayed constant the machine would reach 100% ROI in 69 days. However, with difficulty increases of each coin and usually decreasing cost of altcoins the payout per day should be decreasing pretty quickly. HOWEVER, zenpool payouts on 8/21/14 were 0.00065055 BTC/MH/day and now its only declined to  0.00063617 BTC/Mh/day which is only a 2.3% decline over almost a full month! This intentionally does not account for the $0.08 fee per MH, which could increase in BTC amount if price goes up, or could become nearly no BTC fee if BTC price goes up as many people are projecting.

Lets extrapolate 2.3% decline in BTC for for the 69 day projected ROI and we get an estimated ROI time of 72 days (compounding decline).

Zen Primes will need to have some cool features added to them before I believe that this will be a clearly profitable hashlet to go with. The biggest thing they could add to these right now would be the ability to mine different algorithms as scrypt already has a LOT of competition and thus lower prices. With that being said, I also expect them to increase the price of the hashlet primes along if/when they ever add the other algorithms to them, because at that point they profitability will most likely increase quite nicely

That's a nice update for this topic, thanks!

I already am 1/4 of my ROI. I bought the hashlets quite early, so it is automatically updated to a Prime hashlet (for the Original price of 0.04 BTC) and I also received free "Solo gift hashlets" due to I bought them quite early.  Looks like this is going to be my first investment with an actual ROI (and some profit) :).

I'm wondering what features they would add for Prime hashlets. Maybe they'll make us able to connect to a pool WE WANT OURSELVES, so, for example, a private pool of someone for mining DigitalCoin or GuldenCoin. That would be nice too ;), allthough the daily profits of the Zen pool are great too.

9/15/14: I am now 52.4% ROI in terms of bitcoin!! and not even 30 days have passed :)

And don't forget they gave me an extra hashlet for owning a hashlet prime and the hashlet primes now have a 150% boost every 12 hours (meaning I can activate it twice a day)

does boosting cost $?

From what I've seen so far, no.

Well... tbh, I'm happy with whole GAW deal.
I got 230% of my cash out (100% invested + 130% extra earning).

Bought hashlets, mined 30% of their value, sold them...

Why sell them?

Well, when I bought them I expected ROI within 3 months, and everything above is a bonus.
Known issue is difficulty ramping up, and uncertainty of what will happen, especially with new ASIC's on horizon.

While in long haul I might have earned more by keeping them, in short run - this is nice profit :D

I'm in a similar situation. I bought hardware that was converted to primes. Mined with them for a while and made some btc that haven't added up but at least 30-40% of my initial investment.
Then i decided to sell at 90 times daily payout as of that day. Unluckily, it was right before the buy back. I could have made more, but oh well....ball park estimate i made at least 50% over my initial investment

Is scrypt coin difficulty growing as fast as BTC difficulty ?

So my hashlet prime is still paying out roughly the same amount of bitcoins per day (0.00063178 yesterday) even though the rate of the hashlet solo's IE the multihashlet is only paying out 0.00029489 BTC per day. And those numbers are WITHOUT me using the free 50% boost on my hashlet prime daily :)   Whatever Gaw is doing on their zenpool with the hashlet's prime is definitely worth my ROI time not getting any worse.


I haven't reached ROI YET, but I am getting close :D

9/28/14: I am now 85.6% ROI in terms of bitcoin!!

I'll keep you guys updated. Also this is without using the "boost" on the hashlet primes.

Well done! I'm about 65% now currently with just my daily incomes (including the "boost" function). However, a great ROI can already be made by selling the hashlets. Although I'm not sure how much $ this would exactly give me now, as the "selling" option has changed recently.

Yeah I am considering selling one of my hashlet gifts, but it hasn't sold yet :P

Also I'm not sure how the hashlet primes mining on two pools thing works out as I haven't received two separate payouts from it. I will probably just start using the boosting feature.

There is about 600 hashlet orders on the market right now and hard to find what the market price for just one is.

That's great to hear! I'm not sure whether I'm going to re-invest more into these hashlets. Currently, I'm at 95% of my ROI. I haven't reached this percentage with any of my investments (which all obviously turned out to be bad investments), so I'm already really happy. I can take the profit now if I want and leave the market by selling the hashlets I own. This would make me some nice money when you look at how less I invested in Gaw Miners. However, I'm not sure about my plan yet.

Does anyone know how much your hashrate would be converted into if you switch an Antminer S3 into a hashlet?

looks interesting

It really depends on how much you can sell your antminer s3 for.

oh really? Mine has an option to "upgrade to hashlet" but doesn't give me any #'s before I have to complete it...

The Antminer S3 is sold by bitmaintech. As far as I know GAW doesn't sell any S3's. If you have any other hardware with GAW that they host when you used to be able to convert them into hashlets it was a 1:1 MH/s ratio for scrypt hardware.

As far as converting from a hosted GAW sha-256 to scrypt hardware goes IDK what the conversion was.

Congrats mate!
http://www.animateit.net/data/media/feb2013/Thumbs_21.gif

yeah it was an S3 I bought from them a while ago, with the cloud option. I'll ask them I guess.

I've ROI'd on all my other hashlets as well though, so can't complain at all, compared to some group buys I went in on...

Its Works for me to hit ROI last week, now its only profit and a can even sell my miners if i want.

That's exactly the situation I'm in and the situation I described above. And I love it!



I not only lost money in group buys, but also in the direct order of Scrypt ASICs. These aren't even delivered yet, which makes them delayed for months. And I don't believe they're actually developed yet. So, even when they're finished and released (which isn't presumable), I will lost the biggest part of my money as the given MH/s doesn't make any sense anymore these days.

I learned a leason out of this; don't invest in hardware which isn't actually developed yet.  However, I also learned a lesson about these hashlets; I was too carefully with buying (a lot of) them, and now, in the end, I can only think about the fact that I should have bought more.

Yeah I bought my first hashlet prime at $15.99 or $16.99 and I should have bought WAY more. From now on my go to scrypt miner will be the zenhashlets.

In the beginning I had a few customers by $9,000 worth of hashlet primes and they were/are making BANK right now. I also had one customer who was making just under 0.50BTC per day, who has surely reached ROI now and all that power is pure profit. At current BTC prices that is $69,350 per year on autopilot and what's nice is that the zencloud hasn't dropped much in terms of btc/MH/day. IPO coins finally have an advantage for the mining community through GAW :D

i buy hashlets with USD not BTC so i should profit in the end

I didn't notice your message untill now. That's insane! Those people will be very happy with their initial investment.

And update regarding my investment; I'm about +/- 100% and I'm very happy with it :).     I'm not sure whether I'm going to sell the hashlets or let them do their job.. Still have to think about this.

what the heck can you do with Hashpoints?? Pardon the pun... are they simply pointless??

It's all here:
https://hashtalk.org/HashPointsFAQ

Great thread and congratulations to all who reached ROI!

Lucky people. 10 days ago, I was hitting at least 0.5BTC per day. It's dropped to 0.2 today.

Waste of money now?

I danno, you pay like 80% in fees now. seems to really gone downhill:

For a 4MH one:

 0.00121958 BTC - Payout
-0.00097248 BTC - Fees

Doesn't leave you with much... 0.0002471

I make 0.004 a day with 2MH on my bitcoindark pool.