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Author Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)  (Read 261598 times)
KC6TTR
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November 05, 2014, 07:14:32 AM
 #3841


Scott, I remember you well from the old forum and enjoyed your posts.  Sadly, the new Hash Talk is full of a bunch of people I don't even know anymore.  The forum lost a lot of good people and in some cases, for bad reasons.

I also applaud what you're doing.  Having an entity look out for miners/investors is a great thing!  With that power also comes responsibility.  In my opinion, you need to let go of any bias you have and represent the facts at hand here.  Seeing you compare Josh to Moolah completely discredits anything on your site.  I was a moolah supporter, so yeah, I was wrong there, but comparing Alex/Ryan to a CEO with a documented past is a night and day comparison.  The very fact that you had video chats with Josh puts him in a whole different arena than Moolah.

I'm not going to tell you how to run your site, but is an alleged SEC "complaint" reason enough to remove GAW from your list?  Could I not make a complaint tomorrow out of spite?  I see you listed a reference to said complaint, but no way to look it up.  Take ANY multi-million dollar company and you will find "complaints" galore.  BBB, Personal Blogs, legitimate regulators, etc.  Complaints mean nothing in and of itself.  It goes back to the power you have running this site.  You owe it to your users to represent things fairly.

That said, why isn't LTC Gear in your list?  I'm trying to find more legit info on them.

I'll just end this post with I likely share a lot of the questions you had and are having with GAW.  I've been vocal about them on their site as well, but I frame them, for the most part, respectfully.  I crave more cut and dry answers instead of the vague ones I see most often.  But gut feelings aren't fact.

Anyway, good luck on your site, if done properly, it's a great asset for us little guys.  Can you tell me where you've got your money at now in cryptos?  Feel free to PM if you don't want to disclose for whatever reason.  I'm always looking to diversify into trusted companies.

I appreciate the kind words and the candor of your reply. Like me or not, I am blunt and direct dialogue is welcomed. Yes, I'm not proud; I am passionate about business matters that affect me directly or those who I have worked with. Likewise, if I see someone attempting to take credit in whole or part for technology or concepts they never took part in developing, I consider that a preverbal slap in the face that justifies some response. Case in point, the foundation of me withdrawing the remainder of my support for Josh was after his claims of having "patented" the technology and trade marks that made-up what was being presented as the "Hashcard" payment card in Vegas and after they returned from the event there. Since the physical ISO-7816 "smartcard" standard was established more than two decades ago and the American Express Blue-Card was first issued in 1998 here in the US, myself alongside companies like ACS ltd, Gemplus, and Datakey have developed and evolved that sector of the crypto industry to a point that it is finally (after 10+ years of catching up with the rest of the world) becoming commonplace and will soon be required on all payment cards here within the US.

In regards to the SEC complaint filing, the published TCR reference number is from my own complaint filed. If needed, a copy of the PDF can be provided via PM or email. I also know of at least 4 others who have filed their complaints before me and one a day or so after me. With that said, it is up to these people, who have been threatened by GAW as well to choose whether or not to come forward and share their experience(s). If the SEC decides to act on the accusations, I am sure all the relevant information will be made public with the appropriate administrative/case numbers and if they choose to decline action, so be it. The bottom line is I cannot recommend GAW/Zen for the reasons given and I stand behind my position. By the way. I have moved that reference and the ZeusHash disassociation to a separate section of the web site, which I believe will keep things in better context in the short term. Likewise, I am working with another member of these forms (eightcylinders) to help him develop larger and much more detailed (customer submitted) score cards for as many of the cloud mining services as possible. More info can be reviewed here: https://bitcointalk.org/index.php?topic=846407.msg9438956#msg9438956

As the advocate site I am facilitating grows, I will be taking more of a back seat and will leave any perceived bias at the front door. In regards to posts here and other BTC forums, I will do my best to stay on topic, but I believe I have more than proved my position and justification for why I take issue with GAW/Zen and do not see that changing for the time being or at least until some more clarification and transparency is established on the part of GAW/Zen relating to their actions and what is really going on once all the white-noise (hype) is filtered out.

Scott-
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November 05, 2014, 07:21:47 AM
 #3842

So I just decided to check my support ticket regards my last remaining hashlet that I am unable to split or sell, and I suddenly recalled Magical Josh saying a few weeks ago that ALL support tickets would be up to date by the following Friday, which if I recall correctly was the 24th of October.

So I login to their support desk and I see this



No surprises here...

But meh, who gives a fuck...it was after all, just another one of Magical Josh's crazy promises that he was never going to be able to fulfill  Roll Eyes

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
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November 05, 2014, 07:41:17 AM
 #3843

Can you tell me where you've got your money at now in cryptos?  Feel free to PM if you don't want to disclose for whatever reason.  I'm always looking to diversify into trusted companies.

I have 296MH/s of Scrypt and 1,800GH/s of SHA256 mining on my solar powered home-based farm.

My cloud mining activity is currently:
Genesis-Mining: 200MH/s Scrypt
BitcoinCloudServices 13,200GH/s SHA256
LTCGear: 3200 shares (320MH/s) Scrypt
Hashie (test account): 300GH/s SHA256
Zeushash (test account - can't sell!): 11MH/s Scrypt

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November 05, 2014, 09:43:43 AM
 #3844

He is handling other peoples' money in a careless/dangerous manner and not living up to the ethical standards this industry desperately requires to continue its progression in to mainstream adoption.

Scott

Well said!  That one sentence sums it all up for me, I was amazed at the cavalier way in which underpayments, claw-backs, nonpayments and opaque pool payouts are dealt with, to me it demonstrates either gross incompetence, negligence, indifference or worse towards the miner's (turned investors) funds.  On that basis alone I took a 30% hit, got out and in the scheme of things I consider that a win! 
 




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November 05, 2014, 09:51:50 AM
 #3845

He is handling other peoples' money in a careless/dangerous manner and not living up to the ethical standards this industry desperately requires to continue its progression in to mainstream adoption.

Scott

Well said!  That one sentence sums it all up for me, I was amazed at the cavalier way in which underpayments, claw-backs, nonpayments and opaque pool payouts are dealt with, to me it demonstrates either gross incompetence, negligence, indifference or worse towards the miner's (turned investors) funds.  On that basis alone I took a 30% hit, got out and in the scheme of things I consider that a win!  
 






I pretty much doubled my investment & Im very happy. I bought most of my primes @$16 and sold @ $40 when it was way over-valued. I think magical josh had a great plan but he didnt have the fortitude to continue with it. Either that or he grew too big too fast and maybe spent too much of the profit on Vegas? IMO you can lose a lot of money gambling and at the very least such public exorbitance was a bad move at the time.

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November 05, 2014, 10:25:04 AM
 #3846

I personally think that GAW has identified some of the key problems with many cryptos and is trying their best at solving them.

Many people share the idea that the development of the Bitcoin code is basically at a standstill (with little to no new features or improvements being introduced), and that it is still too complicated for the average citizen to use.

GAWs idea of a fund which promotes the coin and helps widen merchant adoption is a good one, and if anything it will help the cryptocurrency space as a whole improve.


They have the funds to develop a superb platform for their new coin (although it will likely take some time), so we will definately see some new ideas taking shape and maybe be implemented in BTC aswell.

In a time where industrial scale mining dominates bitcoin, and little new ideas are being proposed, it is atleast an interesting solution and I am excited to see what will happen.


In a few months we will all be wiser and see what prevails. GAWs codenamed "hashcoin" is designed to work in conjunction with bitcoin, using a sha256 hybrid blockchain featuring faster confirmations.
I would not see it as a threat to bitcoin as a whole, but as an addition to the ecosystem.

Renewing the wide-spread talks about how a cryptocurrency should work and how current issues are handled is a welcome advantage of such a big coin launch.
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November 05, 2014, 10:27:36 AM
 #3847

But you would have made even more money if you kept the primes.
You would have generated a nice income + mining HashPool (for HashCoin ICO).
And even if you sold them now, they are valued more than $40 each on the open market.

Bought most of them around $17, that was a very nice investment.

I think Josh is really trying to make something innovative, and I hope he will succeed.
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November 05, 2014, 10:30:16 AM
 #3848

Josh has a lot of ideas and thankfully the option to realize some of them, so I feel that while crashing and burning or searing to victory is always an option, in the end everyone profits.

At the end of the day, it is consumers who vote. If you like a product (ie GAWminers cloudhashing, their new coin...) then buy it.

If you don´t like it, buy something else (or save to buy something in the future).

It is the consumers that wield power over what will be the next thing and what won´t.
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November 05, 2014, 11:39:20 AM
 #3849

No. Just no.

The 'scam' is in having you believe what you believe he is trying to do with the nebulous and outright lies he has put out thus far. It is the Holy Grail that bitcoin is accepted by all merchants and debit and credit cards can be used paying your coins from your wallet or online exchange or wherever they are stored. Do you honestly thing that some smug little punk is going to solve this over night? With his ridiculous hashcoin and flock of equally ridiculous follower?

No. Just no.

This is the illusion that he originally created and is already unraveling as we speak.

No merchant will ever see the light of day of this hashcoin thing. They will never have heard of it ever. They will never be exposed to it.

It is all so much more shallow than that. What our Geniuses at Work are going to try to do (and which they will fail at due to sheer incompetence), is marry one or all three of the following:

1. coinkite
2. coinpayments.net
3. mozilla browser plug-in

Coinkite is a "bank" for LTC and BTC and issues its own debit cards. Further it develops terminals where they can be used. An exact CC terminal in fact. There they have to convince merchants to use them in store. Generally small corner store operations and coffee shops, owners who believe and understand all of this. So you buy your coffee the waitron comes over with the remote terminal you swipe your card and your account at coinkite is debited for you 3 dollar coffee. Fun?

Coinpayments.net will convert any shitcoin to FIAT in real time for a merchant partner. If you are a merchant that believes in all of this all you need to is select which shitcoin you think most people have, advertize your wares and announce you accept shitcoin #3. Customer goes to shopping cart presses pay and is redirect to coinpayments.net where you transfer your shitcoin to. On the back end that is converted to real monies and the merchant is paid. You get your shit with your shitcoin. Everyone happy?

Mozilla Browser Plugin. Entire websites are proxied through this. You cruise Amazon dot com, all currencies through this proxy are converted to BTC. It just looks like the site accepts it but of course that is not the case. You select what you want, hit shopping cart and it all looks like Amazon dot com is taking your payment in BTC when all you are doing is sending to the processor who again converts it and buys the goods for your in real dollars. A concierge service if you will. Looks real doesn't it?

Rank stupidity in reality. You are paying a premium for all of this smoke and mirrors in order to "feel good" and think you are part of "the community". Why not stick your stupid hand in your stupid pocket and dig deep and give your real money directly to the merchant and save 25%.  Foolishness. What is the old saying: A fool and his money are soon parted

What the hero of our story one Josh Garza has been doing and is doing is cunningly and intentionally mixing all the above up in ambiguity and innuendo in order for you to buy into his scheme. In fact he said it outright from day one. 'We have Amazon and Target on board...'  and then goes on to pretend he is developing a coin that will be widely adopted due to his 'war chest' and marketing prowess, such a fantastic coin that it will come with a debit or CC  and that you will be able to shop directly at Amazon and Target with it.

Simply not true. Smoke and Mirrors !

It is all one, two, three or all of the above. Is all. He will attempt to create a coin, generate fake value for it amongst his childish eco-system of follower, then implement a browser plugin where it looks like you are using his coin to shop anywhere, or include or not include coinpayments.net who have to list the coin, effect payment instead, or and incredibly highly unlikely create a coinkite type bank with a debit CC card where he controls your funds and payments. The physical terminals in stores to make use of it all in his case is a non-starter. It can only be 1 and 2 and a part of 3 above if at all.

This mumbo jumbo about merchants want stability of coin and all the grandiose talk presented refers to the simple adoption of a processor like Coinpayments.net listing the coin and convincing their merchant partners to accept it. Just like have new shitcoin listed on an exchange. If there is interest and enough anticipated volume, it will be listed. So while it is made out that our fantastic coin will be so well presented and our masterful marketing and crypto currency expertise will ensure it is stable and ensures merchant adoptability, nothing is further from the truth. It requires that to be merely accepted amongst a slew of shitcoins and promoted that it is a popular coin thus a merchant may consider to pretend to accept it as pay if they think 'lots and lots' of people have it, or it 'has high value' and people 'wanna' spend it, so why not, say that you accept payment in it through the processor.

Again, the direct link does not exist and never will. Bitcoin struggles to get direct adoption with merchants as it is. The Wizard of GAW Josh Garza at this early stage is having you believe he can solve it all. His coin will be accepted directly by Amazon dot com and Target and many others and you will be able to pay with his pretty little plastic card, which debits directly from his exchange where you keep your coins.

For a fee of course.

Nonsense.  All of it.

BE AWARE !


  S.E.D.O.

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November 05, 2014, 12:17:33 PM
 #3850

http://i.imgur.com/Y0SUpA2.jpg

I kinda feel like we are being forced to point our Zens to Hashpool...
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November 05, 2014, 12:52:28 PM
 #3851

I really don't know what to think anymore.
I know I was an early supporter of GAW and probably argued with many of you here, and I am sorry for that. I am starting to question my choices. I may have been wrong about them.

Something just does not seem right here. I am being extra cautious and working on unloading my hashlet holdings.

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November 05, 2014, 01:06:26 PM
 #3852

I really don't know what to think anymore.
I know I was an early supporter of GAW and probably argued with many of you here, and I am sorry for that. I am starting to question my choices. I may have been wrong about them.

Something just does not seem right here. I am being extra cautious and working on unloading my hashlet holdings.



Same, I used to be the same way... Totally supported them... But just too many broken promises, misleading and outright lying annoucements... The big kicker for me was this account lock and withdraw holds they have been doing. Also, the fact the most profitable pool in the world pretty much sucks..

When you start messing with my money - that's where I draw the line... I can deal with bugs, time delays, and piss poor roll outs - but... my money.. NOPE.

So... I'm extremely skeptical of everything they say and do.. Everything the last few months has been OMG this will be great... But they have yet to incorporate and get working anything of actual use. I mean, we are mining solely for a currency that doesn't exist - that they can simply and almost literally create out of thin air.

Yet - They still don't seem to have the money to get the bugs worked out or hire adequate help desk. Just a shady operation in general.. Definitely not a professional team as I see it.
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November 05, 2014, 01:07:27 PM
 #3853

It seems everybody has doubts about GAW on how they can accomplish what they promised. I have my doubts too. I have invested some in them from the very early days when the war machine was $6999. Now my question.

Why are there no doubts with the whales that are on the champions list? If this where a scam and with all the information floating around they must be reading bitcointalk reddit and other forums too. Why are they not dumping fast and hard with all the information that is floating around. Do they know something we don't? Or do they just don't care that they lose their investment?
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November 05, 2014, 01:10:55 PM
 #3854

It seems everybody has doubts about GAW on how they can accomplish what they promised. I have my doubts too. I have invested some in them from the very early days when the war machine was $6999. Now my question.

Why are there no doubts with the whales that are on the champions list? If this where a scam and with all the information floating around they must be reading bitcointalk reddit and other forums too. Why are they not dumping fast and hard with all the information that is floating around. Do they know something we don't? Or do they just don't care that they lose their investment?

Well, most of them, including myself... Have already ROI'd.. So anything additional is just icing on the cake... Plus, if they tried to sell any significant part of their investment it would tank the prices on the market... They are almost too big for their own good. Plus, if things DO work out for the coin they will make a shit ton of money from it... So I'm sure that's a factor.

I sold 200-300 primes recently, and it dropped the price by about 4 bucks on the market - So, if they did it, it would cause a panic dump. The people are like sheep on HT... If they see a champion dumping - they will dump.. Domino effect...

Once Volder tried to sell his account and it created a shitstorm of issues and then a bunch of lemmings followed his lead and tried to sell... Consequently, no one was willing to buy LOL..

edit - Plus... I still strongly believe the larger people have inside knowledge... And.. it's possible the champions list is manipulated by GAW as well.. I wouldn't put this past them.
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November 05, 2014, 01:46:30 PM
 #3855

If the primes sag back down under 30 the natives will get restless.

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November 05, 2014, 01:54:00 PM
 #3856

http://i.imgur.com/Y0SUpA2.jpg
I kinda feel like we are being forced to point our Zens to Hashpool...

World's Most Profitable Average Sucking Pool

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November 05, 2014, 02:05:48 PM
 #3857

I really don't know what to think anymore.
I know I was an early supporter of GAW and probably argued with many of you here, and I am sorry for that. I am starting to question my choices. I may have been wrong about them.

Something just does not seem right here. I am being extra cautious and working on unloading my hashlet holdings.



If they had just left things alone and focused on Cloud Mining everyone would know what to think and would have been better off. Themselves included.

Another reason they look like a bunch of bumbling clowns is..... The best Business strategy

Set the expectations low and exceed those expectations time and time again, investors will beat a path to your door.

But if you set your expectations high and never meet them... you will have failure, doubt and the mess they have currently created.


That is business for dummies and investing 101. One reason I do not think there are any "big investors behind the coin" unless they are looking at raping, pillaging and the exiting.
Leaving the mess for GAWS to live with, if GAWS survives it.
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November 05, 2014, 02:14:32 PM
 #3858

I really don't know what to think anymore.
I know I was an early supporter of GAW and probably argued with many of you here, and I am sorry for that. I am starting to question my choices. I may have been wrong about them.

Something just does not seem right here. I am being extra cautious and working on unloading my hashlet holdings.



If they had just left things alone and focused on Cloud Mining everyone would know what to think and would have been better off. Themselves included.

Another reason they look like a bunch of bumbling clowns is..... The best Business strategy

Set the expectations low and exceed those expectations time and time again, investors will beat a path to your door.

But if you set your expectations high and never meet them... you will have failure, doubt and the mess they have currently created.


That is business for dummies and investing 101. One reason I do not think there are any "big investors behind the coin" unless they are looking at raping, pillaging and the exiting.
Leaving the mess for GAWS to live with, if GAWS survives it.

But they can't do that because they can't keep the money flowing that way to pay off everyone else.

Remember when they said they bought some pools and that is where the magic Zen numbers came from? Does anyone know of any pools that were shut down that would be like 25% of LTC or a significant volume of BTC? More lies I'm thinking. Peel back the onion and there are more layers but we're getting closer to the stinky core and everyone will be crying when MtGaw comes crashing down when a hacker takes their coins and destroys their database or some other nonsense. It's coming.
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November 05, 2014, 02:22:29 PM
 #3859

I really don't know what to think anymore.
I know I was an early supporter of GAW and probably argued with many of you here, and I am sorry for that. I am starting to question my choices. I may have been wrong about them.

Something just does not seem right here. I am being extra cautious and working on unloading my hashlet holdings.



If they had just left things alone and focused on Cloud Mining everyone would know what to think and would have been better off. Themselves included.

Another reason they look like a bunch of bumbling clowns is..... The best Business strategy

Set the expectations low and exceed those expectations time and time again, investors will beat a path to your door.

But if you set your expectations high and never meet them... you will have failure, doubt and the mess they have currently created.


That is business for dummies and investing 101. One reason I do not think there are any "big investors behind the coin" unless they are looking at raping, pillaging and the exiting.
Leaving the mess for GAWS to live with, if GAWS survives it.

But they can't do that because they can't keep the money flowing that way to pay off everyone else.

Remember when they said they bought some pools and that is where the magic Zen numbers came from? Does anyone know of any pools that were shut down that would be like 25% of LTC or a significant volume of BTC? More lies I'm thinking. Peel back the onion and there are more layers but we're getting closer to the stinky core and everyone will be crying when MtGaw comes crashing down when a hacker takes their coins and destroys their database or some other nonsense. It's coming.

As you just proved the internet has a long... very long memory so stick a fork in the GAWS management... they are done if that happens. The only  announcements they will be making in the future is

Welcome to the drive thru... may I take your order
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November 05, 2014, 02:26:44 PM
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....................when a hacker takes their coins and destroys their database or some other nonsense. It's coming.


They already lost a whole bunch of coin when the Hashlet codes were giving 5x the hashrate and some people used the bug to cash out 100's of BTC.


Coincidentally, this is right when zenpool payments tanked.................
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