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

[NuShrike]

I can confirm that as well, payouts slip, sometimes for multiple days. They've given out "free" miners to customers (1-2 mh/s) to make up for any issues, which is another issue. Suppose you have 500 customers and you give out 500 mh/s... how does that impact your payout?  The whole thing is odd.

I haven't seen payments "slipping". What is likely happening is their database is getting so large that its taking longer and longer for the payment script to run. Its obvious that their "developers" have no clue what they are doing.

With such "hacks" running the accounting system, it's going to collapse, get hacked, or skimmed, eventually if not now. The lack of 2FA is a big deal too.

I've worked in enough back-end systems to know this one of the system "hearts" you do not cut-corners on. Since it looks like the accounting system is getting overwhelmed, they need to re-prioritize and fix it.

[wdl1908]

The lack of 2FA is a big deal too.

They have 2FA.

[rdyoung]

I can confirm that as well, payouts slip, sometimes for multiple days. They've given out "free" miners to customers (1-2 mh/s) to make up for any issues, which is another issue. Suppose you have 500 customers and you give out 500 mh/s... how does that impact your payout?  The whole thing is odd.

I haven't seen payments "slipping". What is likely happening is their database is getting so large that its taking longer and longer for the payment script to run. Its obvious that their "developers" have no clue what they are doing.

With such "hacks" running the accounting system, it's going to collapse, get hacked, or skimmed, eventually if not now. The lack of 2FA is a big deal too.

I've worked in enough back-end systems to know this one of the system "hearts" you do not cut-corners on. Since it looks like the accounting system is getting overwhelmed, they need to re-prioritize and fix it.

They have 2fA, I have it enabled on my accounts. They don't have 2fA on gawminers.com but zencloud has it.

[rdyoung]

Someone with the username GAW Miners_CEO  just pmed me and asked what I was upset about.

[arorts]

Already read lots of posts and it seems like nobody knows how payouts are calculated. What I'm extremely afraid of is to put money in Hashlets and experience the same of what happened to my Scrypt miners: payouts fell dramatically in a matter of days and never ROI'd. At least with BTC, we can minimally observe and forecast upcoming difficulty.

What guarantees that the pool contracts cited as one of the source of those payouts will continue to be honored by those who sign them it up until the point there's positive ROI? Maybe they were paid in advance to cover a long contract duration so as to guarantee payouts? That would seem unlikely and highly risky by those people.

Can we conclusively say that Hashlet payouts are better than BTC payouts per $1 invested?

Are there any guaranteed contracts on the market? I highly doubt it. There was a thread made by a company that supposedly holds the equivalent of your investment in silver but it comes down to the same point where you have to trust them with your money.

BTC investment? I tried that before and bought some when the price was close to $600. Everybody kept saying that it's really cheap   So my payouts from BTC investment are negative.

Nobody "has" to trust them. This is a little bit more than your regular faith. Sure. I can trust them more as I collect some minimal information first so I can base my decision on with a little more clarity just like with the risk of any other standard vendor. Hashlet is quite unique as we all know.

Here you are not buying BTC, you are MINING so that's an entirely different animal. I'm just referring about 2 different mining scenarios, not buying vs mining vs something else.

How is it different from what CEX offers? I'm talking about trust here.
Any cloud mining company can fail just like Mt.Gox did so I'd say you need some trust to invest.

Of course any business can fail but bobody is talking about the likelihood of failing or succeeding but the fact that Hashlet is a new model, so CEX is completely irrelevant since we don't know  that it's in fact the same model or not. With those companies there was at least a disclosed/understood model in advance irrespective of whether they were going to honor it or not or whether they were crooks or not.

I'm completely neutral. I'm neither excited to have any stupid "faith" nor irrationally pessimistic. (In fact, I've had excellent interactions with the Gawminers team). I'm purely talking about understanding the *Hashlet MODEL* .

[winter]

I would like to know what a HASHPOINTS is. Can u trade them in for HASHLETS ?
If so how many HASHPOINTS are needed for a HASHLET ?

[wdl1908]

I would like to know what a HASHPOINTS is. Can u trade them in for HASHLETS ?
If so how many HASHPOINTS are needed for a HASHLET ?

One hashpoint is 100 satishis and yes you can trade them for hashlets.

[rdyoung]

Someone with the username GAW Miners_CEO  just pmed me and asked what I was upset about.

Thats the CEO, the liar!
He is known to message people that talk crap about gawminers on the forum and offer them miners in exchange of them deleting their posts and defending gawminers.. Why do you think there are so many *GAW* lovers here.

Maybe thats why volder has such a hardon for gaw, josh gave him a lot of free stuff.

I did mention early on in the thread that I was curious how long until he contacted crash or I. Guess it wasn't that long afterall.

[arorts]

Someone with the username GAW Miners_CEO  just pmed me and asked what I was upset about.

Thats the CEO, the liar!
He is known to message people that talk crap about gawminers on the forum and offer them miners in exchange of them deleting their posts and defending gawminers.. Why do you think there are so many *GAW* lovers here.

Maybe thats why volder has such a hardon for gaw, josh gave him a lot of free stuff.

I did mention early on in the thread that I was curious how long until he contacted crash or I. Guess it wasn't that long afterall.

"....a hard on.." <------ "HAHAHA. You just made my day.  Just the comment I needed to hear before going home with a smile.

[zdaz14]

ok here's something...tried to withdrawl my whooping .13 btc and it said "Unable to process transaction at this time" lmao, guess it started already...I'm not the only one that has had this issue either too...i seen it somewhere on their forum as well

I've withdrawn every day and JUST NOW with no issue. Send support a ticket. I literally just withdrew my money and got it.

[suchmoon]

Someone with the username GAW Miners_CEO  just pmed me and asked what I was upset about.

Lucky you. All I get nowadays is legal threats

[rdyoung]

Someone with the username GAW Miners_CEO  just pmed me and asked what I was upset about.

Lucky you. All I get nowadays is legal threats

Odd thing is, I sent him 2 replies, and haven't heard back. Maybe he had some actual businessmen ceo stuff to go do.

[rdyoung]

ok here's something...tried to withdrawl my whooping .13 btc and it said "Unable to process transaction at this time" lmao, guess it started already...I'm not the only one that has had this issue either too...i seen it somewhere on their forum as well

great ponzi scheme...that'll never run out, cause all you can do is reinvest it lmao

I wouldn't put much faith in that. Could be that blockchain, if thats who they are still using, is overloaded at the moment. Just give it a few minutes and try again.

[bobsav2121]

ok here's something...tried to withdrawl my whooping .13 btc and it said "Unable to process transaction at this time" lmao, guess it started already...I'm not the only one that has had this issue either too...i seen it somewhere on their forum as well

great ponzi scheme...that'll never run out, cause all you can do is reinvest it lmao

I wouldn't put much faith in that. Could be that blockchain, if thats who they are still using, is overloaded at the moment. Just give it a few minutes and try again.

ok, you was right oh well least i got my btc....this time

Insert foot in mouth 

[philipma1957]

I am not sure what zen-gaw is or will become.   I am sure that have constant change.


I have 2 long threads on them

https://bitcointalk.org/index.php?topic=698679.0;all
https://bitcointalk.org/index.php?topic=743152.0


and I made .24btc pure profit along with still owning  1 s-3 in the cloud. and 6mh in hashlets.

 The constant change makes me nervous. So I sold off a lot of gear.  

A) BFL 2 or 3 site and forum migrations
B) Dz_coop 2 site migrations
C) GAW a site migration and a forum migration

part of me wants to think they are good and will whale.  but  I had 70mh and 2 s-3's .

  I sold 63mh off and 1 s-3  for two reasons.

1)fear of a scam
2) absolute certain profit accomplished

 I will keep posting  my totals in the thread I started.
 My advice is do not bet your left nut on them unless of course you are a rare person with 3 nuts.


One last thing the new forum sucks it has endless down time. With constant time outs.  I do not like that. 1 little bit.
And for disclosure I was contacted by ceo josh after I left gawminers when they launched the brutally bad zeus gear in June.
He offered me a free gridseed blade which I took and mentioned right away in my threads.


Frankly all scrypt scares the shit out of me.  It will soar or smash in the next 3 months.

[cloverme]

ok here's something...tried to withdrawl my whooping .13 btc and it said "Unable to process transaction at this time" lmao, guess it started already...I'm not the only one that has had this issue either too...i seen it somewhere on their forum as well

great ponzi scheme...that'll never run out, cause all you can do is reinvest it lmao

I've had the same problem at times, try clearing your cache/data and try again, that sometimes fixes it. Also, use the BTC amount, if you type in $, it usually rejects it if the cents is incorrect.  The software is super buggy, there's always issues with it, it seems as soon as they fix one feature, another one breaks. Whether or not it actually mines remains to be seen, my guess is that they have to manually process all the payouts from the pools, or they have a really shitty json wrapper daemon doing the splits.

[FlexHash]

Someone with the username GAW Miners_CEO  just pmed me and asked what I was upset about.

Lucky you. All I get nowadays is legal threats

Don't worry too much about that. I was told that GAW will face real class action soon.

What can Josh sue you anyway, you didn't lie.

[bitgeek]

Someone with the username GAW Miners_CEO  just pmed me and asked what I was upset about.

Lucky you. All I get nowadays is legal threats

Don't worry too much about that. I was told that GAW will face real class action soon.

What can Josh sue you anyway, you didn't lie.

Yes I'm sure you'll send your fed friends to visit them and show that proof we all want to see.
It's been like 3 weeks since you promised to show it.
Keep trolling!

[Oldminer]

lolz, you guys are questioning whether GAW is legit after they bought Zenminer for $8m and Bitcoin.com for $1m 

wakey wakey...

[AirFlame]

Don't worry too much about that. I was told that GAW will face real class action soon.

What can Josh sue you anyway, you didn't lie.

Sure they coming...