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Author Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)  (Read 261591 times)
bitcoinnoisseur
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November 13, 2014, 09:41:17 PM
 #4421

Other questions I had that obviously never got answered were: How is it possible that I have a 55MH hashlet mining the same pool as a 50MH hashlet and the 55MH hashlet earns less BTC and simultaneously incurs a higher maintenance fee. I was fed all this mumbo jumbo about variance by users at HT like Daffy and Redacted. They even suggested that my 54.7MH Zens(converted from a 54.7 GAW War Machine) were pegged to the exact GAW War Machine I had purchased. I can't even explain how absurd that is. I agreed there was variance in a hardware miners performance but that hashlets weren't hardware miners and all variance should be absorbed by the entire hashlet pool and payouts and fees paid and incurred fairly. Then I was told I didn't buy any mining shares and I could invest in some other company if that's what I wanted but GAW was a mining company and everyone was in it for all the quirks in hardware mining. Absolutely none of this makes sense and doesn't ever answer my question. IF I owned shares then physical hardware mining variance would be absorbed by everyone. IF I didn't and I owned hashlets pegged to specific hardware miners that do create variance then it is impossible to pay out less and incur higher maintenance fees as maintenance fees are based on hashrate only. Higher maintenance fees means higher hashrate. Higher hashrate equals higher payout. Lower maintenance fees means lower hashrate. Lower hashrate equals lower payouts. So what exactly did I own when I owned hashlets???
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November 13, 2014, 10:00:27 PM
 #4422

all being said  we have more 10 days to see what hascoin will become
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November 13, 2014, 10:04:05 PM
 #4423

What do I consider virtual in regards to mining and/or pools?
As someone with an actual hardware based mining farm that I can physically look at (inspect), control, and tinker with, anything that does not at the very least meet one of these traits is "virtual" in my classification - remote or not. Likewise, one of the many TOS resvisions made by GAW/Zen has finally admitted what many suspected regarding their own classification of their "Hashlet" miners being "digital" in nature, which can also be included in the "virtual" classification if you're in to semantics.

The funny part.

Following this:
Cryptocurency is virtual
Cloud mining is virtual
Radio waves are virtual
Digital pictures and documents are virtual
The internet is virtual

Does virtual mean worse?

Even better... try staying focused on what I was trying to explain and keep it WITHIN that context. Likewise, not switching between your real/bogus accounts may help.

If you can't reasonably understand the differences between real physical mining and make-believe processes that emulate mining, then there is little else to say. I tried...  Roll Eyes

Scott-

It's hard to focus when someone gives pseudo intellectual talks about digital and virtual being the same thing  Wink
This was my first and last post here so you can safely go back to your virtual world of real and unreal accounts and ambiguous contexts.

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November 13, 2014, 10:04:29 PM
 #4424

This thread is depressing.....

https://hashtalk.org/topic/17901/gaw-adds-25-000-customers-in-one-week/3

And how does he know they're new to the industry?

Presumably anybody who's not new wouldn't fall for it Smiley

Seriously though, I'm a bit confused by this number. If there are 25000 customers then what did they buy? New hashlets are not sold anymore, so they must have bought from existing customers on the Market, so is there really a net gain other than the 10% Market fee?

Or is the 25000 the number of "customers" who took the free Genesis? That's not really something to brag about is it?

bitcoinnoisseur
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November 13, 2014, 10:15:08 PM
 #4425

What do I consider virtual in regards to mining and/or pools?
As someone with an actual hardware based mining farm that I can physically look at (inspect), control, and tinker with, anything that does not at the very least meet one of these traits is "virtual" in my classification - remote or not. Likewise, one of the many TOS resvisions made by GAW/Zen has finally admitted what many suspected regarding their own classification of their "Hashlet" miners being "digital" in nature, which can also be included in the "virtual" classification if you're in to semantics.

The funny part.

Following this:
Cryptocurency is virtual
Cloud mining is virtual
Radio waves are virtual
Digital pictures and documents are virtual
The internet is virtual

Does virtual mean worse?

Even better... try staying focused on what I was trying to explain and keep it WITHIN that context. Likewise, not switching between your real/bogus accounts may help.

If you can't reasonably understand the differences between real physical mining and make-believe processes that emulate mining, then there is little else to say. I tried...  Roll Eyes

Scott-

It's hard to focus when someone gives pseudo intellectual talks about digital and virtual being the same thing  Wink
This was my first and last post here so you can safely go back to your virtual world of real and unreal accounts and ambiguous contexts.


Thank you for agreeing to never post here again. Everyone here is better off as a result.
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November 13, 2014, 10:21:14 PM
 #4426

Honestly, if everyone stopped posting here, except for a once a week update?    We would all be better off. Wink
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November 13, 2014, 10:23:18 PM
 #4427

Honestly, if everyone stopped posting here, except for a once a week update?    We would all be better off. Wink

That was actually of less use then what he said. Congratulations.
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November 13, 2014, 10:54:57 PM
 #4428

This thread is depressing.....

https://hashtalk.org/topic/17901/gaw-adds-25-000-customers-in-one-week/3

And how does he know they're new to the industry?
Depressing or comical? To me, it looks like someone was either not getting enough attention from his followers and was hungry for a self-serving ego boost or a bold statement was needed to create a false sense of security in the face of uncertainty.

Scott-
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November 13, 2014, 11:02:49 PM
 #4429

Regarding the debate on whether GAW is "virtual" and whether than matters .. I think the central problem with GAW's "hashlet" is getting a buried in semantics.

Look at it from an investment perspective and the problem is clear.

How much would you pay for "1 share" of a hugely successful private equity fund?  Lets say I told you of a fund that earned 500% per share last year.  Wouldn't you still want to know:  (1) how large the fund is (how many $$ invested, how much in bank account), (2) how many shares there are, and (3) what the fund is doing with its money?  This is essential - you have to understand the cap table before you can value that "1 share"... Maybe last year they had one lucky investment out of 30 failures.. maybe last year they had 1000 shares and 100 million in investment capital, bit this year they have 10,000 shares and the same invested capital... Can you see how that might make a HUGE difference?

Hashlets present exactly the same problems, and GAW is refusing to disclose ANY of the "cap table" for its "hashlets":

Consider just the Prime and Zen hashlets on Zenpool:

(1) How many mhs have been issued and sold?  How many can be issued and sold?  Is there a limit on whether GAW can issue and sell more? Are there hashlets out there that have been issued but not sold yet (kink of like treasury stock, just waiting to sell)? 

(2) For each mhs of "hashlet" power, how much mhs is dedicated to the prime or zen hashlet purchased?  Same for ghs if SHA256 miners are dedicated?  Is it 1/1?  1/2?  1/1000000?   Note that even if GAW is renting out mhs/ghs there should still be dedicated hash in a fixed ratio.

(3) For each mhs of "hashlet" power, what other "funds" exist that are dedicated to those "hashlets" for coin ICOs and non-hashing purposes?  How much of this "fund" is allocated to each hashlet?

(4) What guaranty exists that GAW won't change the above at its whim to satisfy new investors, or support sales of new hashlets, or fund the hashcoin ICO, etc. (even if it did eventually disclose numbers)?

Without some solid numbers and at least promises on the above points, investing in hashlets is like throwing coins into a puddle and hoping your wish will come true.  I think that is what Scott means by "virtual" ...

Yes, you are much more talented than I at expressing your thoughts. Thank you.

Scott-
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November 13, 2014, 11:06:12 PM
 #4430

I, for one, am just really glad that I've jumped off the GAW train before it hit the signal box.
Did I make ROI? Yes! I bought in at ~15 per hashlet, sold it off at ~35, plus some very little mining profits, yadda yadda... yeah I did make ROI and then some.

Now, if I were to post customer reviews from 3 years ago about Josh's endeavor with Great Auk Wireless, what about bringing Internet and stuff... my post would be deleted because...
yeah come on man, that was 3 years ago. Okay, fair enough.

If I then were to refer to a reddit thread, where a certain Josh Garza scammed someone on eBay and then went ahead to impersonate eBay personnnel on said reddit thread....
yeah but... yeah.

I'll just lean back now and watch this disaster unfold. I've got Popcorn and Blair's Death Sauce to last me until New Year's Eve.
That ought to do it. That is how much time I give this project before it's all in ashes.
Which, quite frankly, would be a lot longer than any other project Josh High School Dropout Garza has come up with so far.
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November 13, 2014, 11:52:16 PM
 #4431

well i am taking a break from this for a moment reading other pages so many changes with gaw its not funny  Cry

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November 14, 2014, 12:17:57 AM
 #4432

Honestly, if everyone stopped posting here, except for a once a week update?    We would all be better off. Wink

If I could upvote you, I would. Some people just can't live a day without name calling. They wouldn't exist without an occassional flame post.
This makes finding any info here, besides the first post, impossible.


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bitcoinnoisseur
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November 14, 2014, 12:28:22 AM
 #4433

Honestly, if everyone stopped posting here, except for a once a week update?    We would all be better off. Wink

If I could upvote you, I would. Some people just can't live a day without name calling. They wouldn't exist without an occassional flame post.
This makes finding any info here, besides the first post, impossible.

Then stop looking and posting. That was simple.
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November 14, 2014, 12:50:39 AM
 #4434

Called again today, the 4th day of my account being locked.

Got the runaround again. One of their security guys locked my account for an unknown reason to phone support. I guess there was a screenshot of "why" but was unable to be seen by the phone support. The security guy has either ignored phone supports notes on his desk or hes just burning time.

Posted in the hashtalk forum with my issue and Josh moved it but didnt answer or fix the issue.
https://hashtalk.org/topic/17884/account-locked-for-3-days-what-is-going-on

 Angry



I was PMed by Josh that my account lock has been handled by him. Account is now unlocked.

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bitcoinnoisseur
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November 14, 2014, 01:54:39 AM
 #4435

He's begging for help yet again:


GAW_CEO

Check It
https://www.reddit.com/r/BitcoinMining/comments/2lzhft/why_are_your_payouts_so_high_gaw/

Looks like these guys are still questioning if we have good hardware and have not done any due diligence. Perhaps a few of you that have, can relay your opinion? :grinning:

Follow me on Twitter - @gawceo GAW_CEO posted 23 minutes ago , last edited by GAW_CEO 22 minutes ago

https://hashtalk.org/topic/18014/check-it
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November 14, 2014, 04:30:39 AM
 #4436

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.
tins
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November 14, 2014, 06:38:59 AM
 #4437

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

FST Network   Fast, Smart, Trustworthy.   Bounty
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KC6TTR
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November 14, 2014, 07:15:25 AM
 #4438

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

Nope...
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November 14, 2014, 01:41:46 PM
 #4439

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

Sometimes you get banned because other users downvoted and reported your posts. People usually get banned for a reason Wink


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alienesb
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November 14, 2014, 01:58:22 PM
 #4440

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

Sometimes you get banned because other users downvoted and reported your posts. People usually get banned for a reason Wink

Yes, if you say something critical about GAW they will ban you. If you go against the flow they will ban you. Simple.
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