GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)

[AlphaD]

I will never understand why brand new members find that their opinion will be taken seriously in a discussion such as this.

I have a few hashlets, and I've accepted that I will probably never make my money back. In that same regard, I won't be losing any sizable investment.

I will never understand how someone one the internet thinks someone else on the internet cares what she thinks.

Everyone has the right to an opinion even you. Imaginary internet points mean nothing buddy lol. Go back to your 50 cats.

[rdyoung]

I will never understand why brand new members find that their opinion will be taken seriously in a discussion such as this.

I have a few hashlets, and I've accepted that I will probably never make my money back. In that same regard, I won't be losing any sizable investment.

I will never understand how someone one the internet thinks someone else on the internet cares what she thinks.

Everyone has the right to an opinion even you. Imaginary internet points mean nothing buddy lol. Go back to your 50 cats.

The answer to your query in one word: Twitter... I will take my leave now... Exit stage left...

[🏰 TradeFortress 🏰]

meanwhile some of u scream SCAM, in 19 days i made 530$ back from a 1600$ investment

PS : bought hashlets from first day

This is the most prevalent problem we have in this thread with outside posters. People that are clearly financial newbs (and probably in their teens or early 20s), show a complete lack of comprehension of what a Ponzi is and how it operates.  It will make the early adopters money. Everyone does not lose money in a Ponzi. 

Only latecomers and those that reinvest lose money. If you bought in the first week, then you will probably ROI.  However, late arrivals are most likely subsidizing your ROI.  It is like buying BTC at 1200 if you buy a Hashlet now.  If you, btcm4n14c, really feel like this is a good investment then you should double-down (or triple down) on your Hashlets right now.



Hence the main purpose of this thread, to try to figure out what sources of income Zenpool can or cannot be using.  Until this is public information then the whole thing is a house of cards. Early adopters making money does not change that.

Absolutely correct. Hashlets prime purchased at $16 or $20 will ROI. $25 might ROI.

Other hashlets will not ROI, not even with a maintenance of 0.

[alienesb]

Kinda curious about that maintenance fee, when exactly is it going to go down or are we waiting for the next hashlet announcement about new generation  99999 low power hashlets.

[Honeycutt22]

Kinda curious about that maintenance fee, when exactly is it going to go down or are we waiting for the next hashlet announcement about new generation  99999 low power hashlets.

Maintenance fee will stay the same unless profitability goes down. No reason to lower their revenue till then.

[ajw7989]

Many people are too pessimistic. Sure if this was a new company I would be a lot more worried. Sure GAW is not being transparent with zenpool but they have a great track record. A lot of the competitors are now following (look at BITMAIN) so it means this new idea is pretty good and is making profits for the hosting company. It does not mean this is a scam. ROI is a different story though

[EvilPanda]

Many people are too pessimistic. Sure if this was a new company I would be a lot more worried. Sure GAW is not being transparent with zenpool but they have a great track record. A lot of the competitors are now following (look at BITMAIN) so it means this new idea is pretty good and is making profits for the hosting company. It does not mean this is a scam. ROI is a different story though

You're right, but this isn't a good thread to post positive feedback, most of this discussion is troling or troll feeding. I could quote several good opinions that were called shilling, while some obvious troll posts were quoted.

[suchmoon]

Kinda curious about that maintenance fee, when exactly is it going to go down or are we waiting for the next hashlet announcement about new generation  99999 low power hashlets.

Maintenance fee will stay the same unless profitability goes down. No reason to lower their revenue till then.

What worries me about it is that there is absolutely no information or even hints on how this might happen. What if you have to pay an upgrade fee or something to get the lower maintenance. I don't think that any business secrets would be at risk if this was explained.

[AlphaD]

Many people are too pessimistic. Sure if this was a new company I would be a lot more worried. Sure GAW is not being transparent with zenpool but they have a great track record. A lot of the competitors are now following (look at BITMAIN) so it means this new idea is pretty good and is making profits for the hosting company. It does not mean this is a scam. ROI is a different story though

You're right, but this isn't a good thread to post positive feedback, most of this discussion is troling or troll feeding. I could quote several good opinions that were called shilling, while some obvious troll posts were quoted.

There are perhaps equal amounts of valid negative opinions that are labelled trolling.

[Zeta0S]

ZenCloud Dashboard Video
https://www.youtube.com/watch?v=Lk7Kez_BeBA&list=UUEy67xFM27jweX9RLOyIDBQ
 

[rdyoung]

meanwhile some of u scream SCAM, in 19 days i made 530$ back from a 1600$ investment

PS : bought hashlets from first day

This is the most prevalent problem we have in this thread with outside posters. People that are clearly financial newbs (and probably in their teens or early 20s), show a complete lack of comprehension of what a Ponzi is and how it operates.  It will make the early adopters money. Everyone does not lose money in a Ponzi. 

Only latecomers and those that reinvest lose money. If you bought in the first week, then you will probably ROI.  However, late arrivals are most likely subsidizing your ROI.  It is like buying BTC at 1200 if you buy a Hashlet now.  If you, btcm4n14c, really feel like this is a good investment then you should double-down (or triple down) on your Hashlets right now.



Hence the main purpose of this thread, to try to figure out what sources of income Zenpool can or cannot be using.  Until this is public information then the whole thing is a house of cards. Early adopters making money does not change that.

Absolutely correct. Hashlets prime purchased at $16 or $20 will ROI. $25 might ROI.

Other hashlets will not ROI, not even with a maintenance of 0.

How can you make that claim with such confidence? Scrypt multipool earnings have been holding steady and recently took a large jump up. It is possible that the decline in payouts is over for the time being, if new money is starting to flow into crypto to provide support and upward momentum the roi times could even be lowered.

Fees at the moment are 25%ish of the earnings, we don't know where btc will be in the future, but I doubt it will fall much further for much longer. The primes at 40$ have a 120day roi without fees, with fees with btc now, its 150 days. So I ask again, how can you make such a declaration?

[AlphaD]

Everyone is talking about ROI. But that isn't why people are 'mining' , it is mainly for profit - with few exceptions of people who are just interested in the workings or want to support a coin (not applicable in GAWs case).

Why not just buy bitcoin and give it back to yourself after 4 months?

What is more interesting to see is how much you will continue to make after this ROI period. How much will you have lost due to inflation and time-value of money?

Do people think they will make much on top of the ROI? So much more that it is worth the risk or not even returning your investment?

[rdyoung]

Everyone is talking about ROI. But that isn't why people are 'mining' , it is mainly for profit - with few exceptions of people who are just interested in the workings or want to support a coin (not applicable in GAWs case).

Why not just buy bitcoin and give it back to yourself after 4 months?

What is more interesting to see is how much you will continue to make after this ROI period. How much will you have lost due to inflation and time-value of money?

Do people think they will make much on top of the ROI? So much more that it is worth the risk or not even returning your investment?

Yes, that is why people mine. 1 if your mining a specific coin, you are supporting that network, 2 your betting that over the long term you will make more money by mining then by purchasing that coin straight up.

Eventually the difficulty curve we have seen on scrypt and 256 will level off. Scrypt is a different beast with asics because there are so many coins to absorb the hashrate. Scrypts earnings dropped faster than bitcoins ever has, but its leveling off faster as well.

[🏰 TradeFortress 🏰]

you are not going to make your investment back, you will lose money because mining difficulty will increase faster than you get paid out.

how is this so difficult to understand

[suchmoon]

you are not going to make your investment back, you will lose money because mining difficulty will increase faster than you get paid out.

how is this so difficult to understand

Not sure who you're targeting with this, but you should visit hashtalk.org. Most users there (== GAW customers) can barely do simple multiplication and figure out that they will "ROI" in X days at constant daily payouts. Trying to explain difficulty to them is a bannable offense because that implies you don't subscribe to the cult of guaranteed profitability. That's why the hashlet is such a great success.

[rdyoung]

you are not going to make your investment back, you will lose money because mining difficulty will increase faster than you get paid out.

how is this so difficult to understand

How can you not understand that average scrypt multipool payouts were 0.0003x/mh, they held there for weeks, currently pools like nice/west hash are paying 0.0005/6/mhs. How can YOU not comprehend that there are more coins to absorb the scrypt asics then there were for 256?

Since your so good at math, please let us know what the current difficulty decrease has been so we can factor in to our math?

[suchmoon]

Eventually the difficulty curve we have seen on scrypt and 256 will level off. Scrypt is a different beast with asics because there are so many coins to absorb the hashrate. Scrypts earnings dropped faster than bitcoins ever has, but its leveling off faster as well.

I beg to differ. Number of coins doesn't matter much because LTC is ~80% of all Scrypt hashrate. And at the current rate of ~900 GH/s a couple of thousand of these Titans or Vaultbreakers or whatever can easily DOUBLE the difficulty, if these miners are actually delivered and up to spec. Even Bitmain with it's L1 can slaughter Scrypt profitability. I don't know why it has leveled off recently, maybe because Zeus hardware killed the profits for itself and of course for GPUs, maybe because GAW stopped selling hardware, but I wouldn't expect this to last. More efficient ASICs will come eventually.

[rdyoung]

you are not going to make your investment back, you will lose money because mining difficulty will increase faster than you get paid out.

how is this so difficult to understand

Not sure who you're targeting with this, but you should visit hashtalk.org. Most users there (== GAW customers) can barely do simple multiplication and figure out that they will "ROI" in X days at constant daily payouts. Trying to explain difficulty to them is a bannable offense because that implies you don't subscribe to the cult of guaranteed profitability. That's why the hashlet is such a great success.

This is true, the folks on hashtalk are not accounting for fees or the change in btcusd value that would change the maintenance fee.
What you also to have account for with scrypt mining is the new coins as well coins like doge that get a price pump that increases your mining profits. There are enough new coins coming out every day that if your in the know and can mine them pre "pump and dump".

[not.you]

Many people are too pessimistic. Sure if this was a new company I would be a lot more worried. Sure GAW is not being transparent with zenpool but they have a great track record. A lot of the competitors are now following (look at BITMAIN) so it means this new idea is pretty good and is making profits for the hosting company. It does not mean this is a scam. ROI is a different story though

Bitmain makes their own asics and everyone knows it since they sell them.  Gaw doesn't make their own asics.  Kind of a big difference.  But you are right, cloud mining seems to be gaining a lot of traction at the moment.

[rdyoung]

Eventually the difficulty curve we have seen on scrypt and 256 will level off. Scrypt is a different beast with asics because there are so many coins to absorb the hashrate. Scrypts earnings dropped faster than bitcoins ever has, but its leveling off faster as well.

I beg to differ. Number of coins doesn't matter much because LTC is ~80% of all Scrypt hashrate. And at the current rate of ~900 GH/s a couple of thousand of these Titans or Vaultbreakers or whatever can easily DOUBLE the difficulty, if these miners are actually delivered and up to spec. Even Bitmain with it's L1 can slaughter Scrypt profitability. I don't know why it has leveled off recently, maybe because Zeus hardware killed the profits for itself and of course for GPUs, maybe because GAW stopped selling hardware, but I wouldn't expect this to last. More efficient ASICs will come eventually.

You are free to differ in opinion, but your wrong. I presume you know how the multipools work? They switch coins based on btc value and difficulty, most of the time you will find that they are not mining ltc, they are mining ftc or doge, etc. If what you say is true, then the average payouts would still be declining, they haven't. Look at poolpicker.eu, you will see the 30day average earnings are just shy of 0.0004/mhs, and thats average, so that means there are plenty of days where the earnings were higher. For 30+ days the earnings have leveled off. LTC might indeed have 80% of the hashrate at any given time, but plenty of other coins have dedicated communities who would buy asics to only mine that coin and this doesn't include the multipools who jump from coin to coin 10s or 100s of times a day. Pools like coinking split there hash between smaller coins so as not to kill them.