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

[suchmoon]

I just noticed something - the daily fee on my wafflet is ~50% of its earnings. I understand it's a gift horse and all that but I wonder what happens if it starts closing in on 100%. I hope I can discard it somehow.

It's ~33.2% for yesterday's Cleverlet.  For a Zenlet, it was ~23.8%.

Meantime, payouts and maintenance fees are done, balances are done, but withdrawals are very delayed. Used to take 0-2 minutes; now it's at least 22 minutes. Going to wait the hour out to see.

They already said once Solos are no longer profitable they will up to the next pool.

Do you have a link? I think something like that was said about the pool closing down or having some other issues, but I don't remember seeing any explanation of how exactly profitability will be maintained.

[MOB]

I sold my hashlets yesterday, but noticed I have no payout now for today

Since we are paid about 16 hours after we "mine," there should have been one.  Contacting support...let's see how much of a hassle this is.

GAW certainly does not do details well.

[xephyr]

GAWMiners introduced the Genesis bitcoin cloud miner this evening. Cost is $10 per 10 GH/s. Fees are $.02/day per 10GH. Should ROI in four months, quicker if bitcoin price increases.

They also announced that the original Hashlets bought at $16 per mH will also be able to mine SHA-256 at 40 GH/s or $0.40/GH/s. That is exceptional performance/price for bitcoin cloud mining. For comparison the Antminer S3+ coming out this month will be available at $350 hosted or about $0.80/GH/s.

[Jacques de Molay]

I hope we get the ability to split up the hashlets if we combined them.

[xephyr]

I just did some quick calculations and anyone who bought Hashlets at $16 has one hell of a bitcoin cloud miner as soon as they can be switched over to SHA-256. A $16 Hashlet mining SHA-256 at the 40 GH/s promised would return 23% per week with ROI is about a month. 

[AlphaD]

I sold my hashlets yesterday, but noticed I have no payout now for today

Since we are paid about 16 hours after we "mine," there should have been one.  Contacting support...let's see how much of a hassle this is.

GAW certainly does not do details well.

I sold mine as well and noticed this.  I doubt we will see any cash back. They will come up with some stupid excuse.

[MOB]

GAWMiners introduced the Genesis bitcoin cloud miner this evening. Cost is $10 per 10 GH/s. Fees are $.02/day per 10GH. Should ROI in four months, quicker if bitcoin price increases.

They also announced that the original Hashlets bought at $16 per mH will also be able to mine SHA-256 at 40 GH/s or $0.40/GH/s. That is exceptional performance/price for bitcoin cloud mining. For comparison the Antminer S3+ coming out this month will be available at $350 hosted or about $0.80/GH/s.

Where is the 40GH?  I don't see that in the announcement.

edit: Well, now GAW can hide their hashrate in the gigantic bitcoin network.  Mission accomplished!  They should have done that from the start as it makes the awkward questions more difficult

[rdyoung]

GAWMiners introduced the Genesis bitcoin cloud miner this evening. Cost is $10 per 10 GH/s. Fees are $.02/day per 10GH. Should ROI in four months, quicker if bitcoin price increases.

They also announced that the original Hashlets bought at $16 per mH will also be able to mine SHA-256 at 40 GH/s or $0.40/GH/s. That is exceptional performance/price for bitcoin cloud mining. For comparison the Antminer S3+ coming out this month will be available at $350 hosted or about $0.80/GH/s.

Where is the 40GH?  I don't see that in the announcement.

edit: Well, now GAW can hide their hashrate in the gigantic bitcoin network.  Mission accomplished!  They should have done that from the start as it makes the awkward questions more difficult

Actually it makes it easier on us, unless they use some washing machines to clean the coins. IF they are mining on any of the available sha pools we should be able to backtrace the coins from the withdrawal wallets to a generation transaction.

[xephyr]

GAWMiners introduced the Genesis bitcoin cloud miner this evening. Cost is $10 per 10 GH/s. Fees are $.02/day per 10GH. Should ROI in four months, quicker if bitcoin price increases.

They also announced that the original Hashlets bought at $16 per mH will also be able to mine SHA-256 at 40 GH/s or $0.40/GH/s. That is exceptional performance/price for bitcoin cloud mining. For comparison the Antminer S3+ coming out this month will be available at $350 hosted or about $0.80/GH/s.

Where is the 40GH?  I don't see that in the announcement.

edit: Well, now GAW can hide their hashrate in the gigantic bitcoin network.  Mission accomplished!  They should have done that from the start as it makes the awkward questions more difficult

https://hashtalk.org/topic/3906/prime-sha-hashlets coming next week

[rdyoung]

GAWMiners introduced the Genesis bitcoin cloud miner this evening. Cost is $10 per 10 GH/s. Fees are $.02/day per 10GH. Should ROI in four months, quicker if bitcoin price increases.

They also announced that the original Hashlets bought at $16 per mH will also be able to mine SHA-256 at 40 GH/s or $0.40/GH/s. That is exceptional performance/price for bitcoin cloud mining. For comparison the Antminer S3+ coming out this month will be available at $350 hosted or about $0.80/GH/s.

Where is the 40GH?  I don't see that in the announcement.

edit: Well, now GAW can hide their hashrate in the gigantic bitcoin network.  Mission accomplished!  They should have done that from the start as it makes the awkward questions more difficult

https://hashtalk.org/topic/3906/prime-sha-hashlets coming next week

Fucking shit... You beat me to it by milliseconds. I had just found the thread and was about to post it.

Hells yeah for the conversion, I have 80+mhs just waiting to flipped over and they will supposedly be able to be switched at will, so when btc difficulty out paces scrypt, flip it back.

[MOB]

That link does not seem to load.

Anyway, if they mine at 40GH, but with the usual 25% fee then it would take ~61 days to ROI on a $15.99 hashlet.  Same as scrypt.

edit: is hashtalk down again??  Weird how they can't get a webpage to stay up but are all Mr. Business all over the mining industry.

[suchmoon]

Ok, the announcement is there, I think I'll be updating the OP tomorrow.

I don't quite understand the pricing though. $1 per GH/s is quite steep. $0.02 maintenance per 10 GH/s per day adds up to $0.06 per GH/s per month. If I plug those numbers into any Bitcoin calculator it will never ROI if diff increase is 6% or more. Am I missing anything? Is there ZenPool for SHA256 that pays 50% extra?

[Honeycutt22]

Ok, the announcement is here, I think I'll be updating the OP tomorrow.

I don't quite understand the pricing though. $1 per GH/s is quite steep. $0.02 maintenance per 10 GH/s per day adds up to $0.06 per GH/s per month. If I plug those numbers into any Bitcoin calculator it will never ROI if diff increase is 6% or more. Am I missing anything? Is there ZenPool for SHA256 that pays 50% extra?

All good questions... Not much info has been given so people are purchasing blindly... I'm sure there is something to it though.

[rdyoung]

Ok, the announcement is here, I think I'll be updating the OP tomorrow.

I don't quite understand the pricing though. $1 per GH/s is quite steep. $0.02 maintenance per 10 GH/s per day adds up to $0.06 per GH/s per month. If I plug those numbers into any Bitcoin calculator it will never ROI if diff increase is 6% or more. Am I missing anything? Is there ZenPool for SHA256 that pays 50% extra?

All good questions... Not much info has been given so people are purchasing blindly... I'm sure there is something to it though.

I had a spare 10$ sitting in one of my accounts so I bought 10ghs, just so that ghs stat wasn't empty anymore on the UI.

[Honeycutt22]

You have an estimated payout on 10gh? or do they do it by 1gh for SHA?

I don't have any either.

edit - and hashtalk goes DOWWWWWN

[rdyoung]

Ok, the announcement is there, I think I'll be updating the OP tomorrow.

I don't quite understand the pricing though. $1 per GH/s is quite steep. $0.02 maintenance per 10 GH/s per day adds up to $0.06 per GH/s per month. If I plug those numbers into any Bitcoin calculator it will never ROI if diff increase is 6% or more. Am I missing anything? Is there ZenPool for SHA256 that pays 50% extra?

I wouldn't doubt they have sha zenpool coming. They need/want to be "better" than everyone else, it would follow that with a sha hashlet, zenpool would go with it.

[suchmoon]

That link does not seem to load.

Anyway, if they mine at 40GH, but with the usual 25% fee then it would take ~61 days to ROI on a $15.99 hashlet.  Same as scrypt.

edit: is hashtalk down again??  Weird how they can't get a webpage to stay up but are all Mr. Business all over the mining industry.

How did you get 60 days? What's the diff increase % in your calculation?

[rdyoung]

You have an estimated payout on 10gh? or do they do it by 1gh for SHA?

I don't have any either.

edit - and hashtalk goes DOWWWWWN

The "rates" page doesn't say, but since its based in mhs for scrypt I am assuming the rates are in ghs for sha.

BTC Average Payouts
Name   Average Payout
NiceHash SHA256   0.00002780 BTC
BTC Guild   0.00001834 BTC
GHASH.IO   0.00001834 BTC
Multipool.us SHA256   0.00001690 BTC

[Honeycutt22]

Ok, the announcement is there, I think I'll be updating the OP tomorrow.

I don't quite understand the pricing though. $1 per GH/s is quite steep. $0.02 maintenance per 10 GH/s per day adds up to $0.06 per GH/s per month. If I plug those numbers into any Bitcoin calculator it will never ROI if diff increase is 6% or more. Am I missing anything? Is there ZenPool for SHA256 that pays 50% extra?

I wouldn't doubt they have sha zenpool coming. They need/want to be "better" than everyone else, it would follow that with a sha hashlet, zenpool would go with it.

I just want my vb 2s to start hashing. Then I'll be a happy camper.

[rdyoung]

That link does not seem to load.

Anyway, if they mine at 40GH, but with the usual 25% fee then it would take ~61 days to ROI on a $15.99 hashlet.  Same as scrypt.

edit: is hashtalk down again??  Weird how they can't get a webpage to stay up but are all Mr. Business all over the mining industry.

How did you get 60 days? What's the diff increase % in your calculation?

It depends on how you do the math. If you base it on straight BTC in BTC out you have 1 estimated time to 100%+ROI. If you base it on USD in BTC->USD out, you could be looking at a much shorter 100% roi time if/when btc goes vertical again.