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

[rdyoung]

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.

This might not be true for too much longer.

[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

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.

This might not be true for too much longer.

What might not be true?

[rdyoung]

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.

This might not be true for too much longer.

What might not be true?

I have said too much, if I say more I might not wake up in the morning.

[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

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.

This might not be true for too much longer.

What might not be true?

I have said too much, if I say more I might not wake up in the morning.

So either you know cloud mining is going to take a dive or GAW is producing their own units.

[coinGeek]

Data point:  Right now NiceHash beats ZenPool, which makes zen payout a little less unbelievable.

 That is to say, there is a way to make these higher rates on script today. Is it possible GAW really is renting hash and poaching on the Nicehash model?

Of course they would have to do it supper secretly privately somehow. Otherwise we would have seen offers for the service...

[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.

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.

Which part I'm wrong about? That LTC is 80% of Scrypt, despite multipools and dedicated communities? You can check that yourself at any site that provides network hashrates, e.g. coinwarz.

I'm not denying it's been flat in the last month. I'm just saying this won't last. Profitability per MH/s will go down when the next gen hardware arrives, there is no way to avoid that. More hashrate == less coinage per MH/s. Profitability per USD invested or per kWh may or may not go down, I'm not going to guess that.

[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

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.

This might not be true for too much longer.

true bitmain makes their own asics but the point i am trying to say is the hashlet model is sustainable since bitmain is doing the same who we know is 100% legit. if they can follow suit it means its profitable for a company to do it so no reason why gaw would be scamming since they are making a profit from it. it also would not surprise me if gaw has a contract with either bitmain or another asic company since they launched the genesis sha hashlet and will allow prime hashlets to mine sha as well.

[winter]

they should have a option on the dashboard to trade to a voucher and sell like that.

[suchmoon]

bitmain is doing the same

Not quite, are they? I don't think Bitmain promised to lower fees on their cloud mining.

[ZiG]

bitmain is doing the same

Not quite, are they? I don't think Bitmain promised to lower fees on their cloud mining.

BitMain bought a REAL Mining firm...~4PH ... ...and published many pictures of it...!!!

GAW does NOT...

ZiG

[jgm_coin]

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

wakey wakey...

+1

[jgm_coin]

dont understand why there is so much anger here

[AlphaD]

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

wakey wakey...

+1

I accidentally deleted my reply. Stupid keyboard.

I don't think ZenMiner was bought by GAW. I am pretty sure they were owned by GAW to begin with right?

I would happily be proven wrong if you could supply me with a reputable news source of this purchase and also of the Btc.com purchase. I could never find an actual news site reporting either of these. I thought the $1 million purchase would be big news but its only small crappy coin news sites.

[ZiG]

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

Hashlet prime never get obsolete They adjusts to remain profitable which mean that gaw can e.g double your hashrate or so

how is this so difficult to understand

"...double your hashrate..."...HOW...

By "pure Magic"...or your imagination...

Smoke less of it, buddy...

ZiG

[tomewok]

"...double your hashrate..."...HOW...

By "pure Magic"...or your imagination...

Smoke less of it, buddy...

ZiG

"e.g"

[Flep182]

v1.7.8
New Features

    Allow merging of upgraded hashlets!
    Show notification in the Client UI and progress bar when payouts are running (thanks for the tip @Diggio)

Bug Fixes

    Show pool icon when dragging to miner
    Fix issue with merging hashlets
    Fix issue with enabling auto purchase for Zen Hashlets
    Allow setting pool for Hashlet Genesis without refreshing the page
    Fix issue with changing pool for SHA 256 Miners
    Fix issue with showing power in MH instead of GH for Hashlet Genesis when purchasing

The bold part is interesting. This will at least give some "breathingroom" when you see it's almost done

[🏰 TradeFortress 🏰]

Hashlet prime never get obsolete They adjusts to remain profitable which mean that gaw can e.g double your hashrate or so

how is this so difficult to understand

This is called a 'fairytale'. IF there is an investment that is continuously profitable, why would anyone choose to share the returns with others? Think about it.

I speculate GAW will let the Prime hashlets ROI (@$16 and $20 price points) to increase sales of their unprofitable miners (solos, genesis, etc).

[sumantso]

Is there proof they are actually doing any real mining?

Digital miner getting upgraded on the fly sounds like a badly written scifi movie.

[🏰 TradeFortress 🏰]

Is there proof they are actually doing any real mining?

Digital miner getting upgraded on the fly sounds like a badly written scifi movie.

No, they are not performing any mining that is anywhere comparative to the amount of hashpower they sold. It's virtual.

You acknowledge and agree that while you are using Company’s Services, Company is free to provide the Materials and Services virtually. During the provision of these virtual Services, Company is under no obligation to provide, acquire, or possess Materials dedicated to You by virtue of Your purchase of such Materials

https://zenminer.com/cloud/terms.html

[sumantso]

Is there proof they are actually doing any real mining?

Digital miner getting upgraded on the fly sounds like a badly written scifi movie.

No, they are not performing any mining that is anywhere comparative to the amount of hashpower they sold. It's virtual.

Yet the income is real

Doesn't make any sense at all. Why is anyone even investing?