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

[foodstamps]

So is this about accurate?

• Gaw took tons of preorders for Vaultbreakers(Flower Tech?).
• Gaw spent the majority of the proceeds/profits on a frivolous url(btc.com)
• The hardware company announces the cannot deliver(this is swept under the rug and all ties are severed with flower tech)
• Gaw announces a new(vaporware) product to try to cover the already spent money
• The pyramid starts to collapse
• Gaw keeps going back on their word and changing everything

[tom14cat14]

At this point it's probably worth considering going back to physical miners and Nicehash because unless hashlet prices drop more and the zenpool rate stops going down you'll be kicking that ROI period very far into the future.

If you don’t hold it, you don’t own it. They can change the hashrate and value of your hashlet on a whim. Or whatever suits the bottom line. I think the end is getting near especially with BTC dropping, just my opinion.

Then you dont really hold BTC. You do not have it in your hands so with this argument you have been paying a lot of money for owning nothing.

[alienesb]

I wish they would have spent some of that money on forum software and hardware that didn't always go down.

[MOB]

At this point it's probably worth considering going back to physical miners and Nicehash because unless hashlet prices drop more and the zenpool rate stops going down you'll be kicking that ROI period very far into the future.

If you don’t hold it, you don’t own it. They can change the hashrate and value of your hashlet on a whim. Or whatever suits the bottom line. I think the end is getting near especially with BTC dropping, just my opinion.

Then you dont really hold BTC. You do not have it in your hands so with this argument you have been paying a lot of money for owning nothing.

Learn to argue Tom.  False analogies will not help you here.


edit: Tom14cat14, I just clicked on your profile.  

Can you clarify this--did you make an altcoin that was a straight clone in order to then use the buy-ins to purchase a 50MH hashlet? You have been then distributing that 50MH payouts to the initial investors (who were not told in advance that you were buying hashlets with their money), but then cut that profit sharing program and discontinued support for the coin yesterday.

So you now hold 50MH in hashlets that you did not pay for?  Is that correct?

edit2: Sorry Tom , looks like you used your own funds to pay for the hashlets in order to create an incentive to hold the coin.

[I_IZ_CEO]

So is this about accurate?

• Gaw took tons of preorders for Vaultbreakers(Flower Tech?).
• Gaw spent the majority of the proceeds/profits on a frivolous url(btc.com)
• The hardware company announces the cannot deliver(this is swept under the rug and all ties are severed with flower tech)
• Gaw announces a new(vaporware) product to try to cover the already spent money
• The pyramid starts to collapse
• Gaw keeps going back on their word and changing everything

I could have not said it any better! I am glad I had my miners shipped to me and I do not feel bad for the ones that pre-ordered or traded their miners in for hashlets. Now the Kool-Aid (the effect is starting to ware off) drinkers will be back on this forum crying (the same ones that were saying this forum is no good) and I will say this and has been said many times here, DO NOT PREORDER!

[randayh]

At this point it's probably worth considering going back to physical miners and Nicehash because unless hashlet prices drop more and the zenpool rate stops going down you'll be kicking that ROI period very far into the future.

If you don’t hold it, you don’t own it. They can change the hashrate and value of your hashlet on a whim. Or whatever suits the bottom line. I think the end is getting near especially with BTC dropping, just my opinion.

Then you dont really hold BTC. You do not have it in your hands so with this argument you have been paying a lot of money for owning nothing.

No, but I hold the private keys..

[tom14cat14]

At this point it's probably worth considering going back to physical miners and Nicehash because unless hashlet prices drop more and the zenpool rate stops going down you'll be kicking that ROI period very far into the future.

If you don’t hold it, you don’t own it. They can change the hashrate and value of your hashlet on a whim. Or whatever suits the bottom line. I think the end is getting near especially with BTC dropping, just my opinion.

Then you dont really hold BTC. You do not have it in your hands so with this argument you have been paying a lot of money for owning nothing.

Learn to argue Tom.  False analogies will not help you here.


edit: Tom14cat14, I just clicked on your profile. 

Can you clarify this--did you make an altcoin that was a straight clone in order to then use the buy-ins to purchase a 50MH hashlet? You have been then distributing that 50MH payouts to the initial investors (who were not told in advance that you were buying hashlets with their money), but then cut that profit sharing program and discontinued support for the coin yesterday.

So you now hold 50MH in hashlets that you did not pay for?  Is that correct?

You want me to learn how to argue then I should tell you to learn how to investigate a member a little more. So go figure it out yourself and tell me how I paid for those hashlets.

[demme]

Sorry for so many posts this morning, but has anyone ever had a physical Vaultbreaker shipped?  Did VBs ever exist?

KNC already has units in the wild.

Nope, but the original estimate was end of Q3 / beginning of Q4 so technically they are still on time.

Yeah but they promised they would beat knc with shipping of vault breakers

Remember "NOT IN MAH HOUSE".

[vipgelsi]

Sorry for so many posts this morning, but has anyone ever had a physical Vaultbreaker shipped?  Did VBs ever exist?

KNC already has units in the wild.

Nope, but the original estimate was end of Q3 / beginning of Q4 so technically they are still on time.

Yeah but they promised they would beat knc with shipping of vault breakers

Remember "NOT IN MAH HOUSE".

Ya and how it that working out.

[suchmoon]

Sorry for so many posts this morning, but has anyone ever had a physical Vaultbreaker shipped?  Did VBs ever exist?

KNC already has units in the wild.

Nope, but the original estimate was end of Q3 / beginning of Q4 so technically they are still on time.

Yeah but they promised they would beat knc with shipping of vault breakers

Remember "NOT IN MAH HOUSE".

To be fair, they did that by "delivering" VB as hashlets and as assorted hosted miners. That was the whole intent of the "my house" statement - to ensure that VB gets delivered before Titan, at least as "substitute" hashpower if not as real hardware. They did not promise to SHIP before Titan as far as I know.

[Zeta0S]

There is a Youtube comparison between GAWMiner Hashlets and Genesis Mining contracts.
Genesis is winning this battle (for now..) I used the 5% Discount Voucher-code MOON to get even more profit  

[bitgeek]

There is a Youtube comparison between GAWMiner Hashlets and Genesis Mining contracts.
Genesis is winning this battle (for now..) I used the 5% Discount Voucher-code MOON to get even more profit  

That "battle" video is made by a guy who promotes genesis mining on bitcointalk.

[Zeta0S]

There is a Youtube comparison between GAWMiner Hashlets and Genesis Mining contracts.
Genesis is winning this battle (for now..) I used the 5% Discount Voucher-code MOON to get even more profit  

That "battle" video is made by a guy who promotes genesis mining on bitcointalk.

Yes true, and his voucher only gives 3% discount, mine MOON Voucher-code 5%!  

I made a lot of money selling my 50 Genesis Hashlets i got for 15,99 a peace. That kind of gain you never gonna get whit Genesis Mining.

[demme]

Sorry for so many posts this morning, but has anyone ever had a physical Vaultbreaker shipped?  Did VBs ever exist?

KNC already has units in the wild.

Nope, but the original estimate was end of Q3 / beginning of Q4 so technically they are still on time.

Yeah but they promised they would beat knc with shipping of vault breakers

Remember "NOT IN MAH HOUSE".

To be fair, they did that by "delivering" VB as hashlets and as assorted hosted miners. That was the whole intent of the "my house" statement - to ensure that VB gets delivered before Titan, at least as "substitute" hashpower if not as real hardware. They did not promise to SHIP before Titan as far as I know.

Okay I figured that too

But how about people ordering VB's and expected to have them delivered in machines before titan?

[xephyr]

Reading some of the HT comments I can see another group of customers that is being Ewoked quite substantially - Genesis purchasers who paid $1 per GH/s when Prime now does the same and more at ~$0.6.

With the new Prime pricing of $25 coming on 9/24 bitcoin cloud mining with Primes at 40 GH/s promised by 9/28 costs $0.625/GH/s. If you are still holding $16 Hashlets you will only pay $0.40/GH/s which is one sweet deal. The Spondoolies-Tech SP20 1.7 TH/s miner shipping Oct. 1 costs $0.70/GH/s not including power supply.

[Madstudios30620]

Is the Hashlet Prime @ $50 a good deal/the best option? Or is the $9.95 or
$20 Zen Hashlet the better deal? Why is this "boosting" available only twice
a day? Is mining even worth it when your payouts start with three zeroes?
.0007111

Why is ZenCloud payouts higher than 60Mhz at cloudhashing.com??

What do you guys think the future of difficulty will be and its effects? Anyone
got any price predictions/feelings?

[tom14cat14]

Is the Hashlet Prime @ $50 a good deal/the best option? Or is the $9.95 or
$20 Zen Hashlet the better deal? Why is this "boosting" available only twice
a day? Is mining even worth it when your payouts start with three zeroes?
.0007111

Why is ZenCloud payouts higher than 60Mhz at cloudhashing.com??

What do you guys think the future of difficulty will be and its effects? Anyone
got any price predictions/feelings?

The Primes will drop to $25 on 9/24 they have stated anyone that buys at 50 will get 25 back. The difficulty will/should decrease the profits over time. The last week there has been a major drop in price on the Zen pool. But last week we had a few day that it went up so when you avg it out over a longer period someone had a spread sheet showing .07% decrease er day.

[xephyr]

Is the Hashlet Prime @ $50 a good deal/the best option? Or is the $9.95 or
$20 Zen Hashlet the better deal? Why is this "boosting" available only twice
a day? Is mining even worth it when your payouts start with three zeroes?
.0007111

Why is ZenCloud payouts higher than 60Mhz at cloudhashing.com??

What do you guys think the future of difficulty will be and its effects? Anyone
got any price predictions/feelings?

The best deal is to wait until 9/24 and buy Primes at $25. This is assuming they keep the price of ZenHashlet at $21. If price of ZenHashlet goes down I would have to do some maths.

[Slark]

Is the Hashlet Prime @ $50 a good deal/the best option? Or is the $9.95 or
$20 Zen Hashlet the better deal? Why is this "boosting" available only twice
a day? Is mining even worth it when your payouts start with three zeroes?
.0007111

Why is ZenCloud payouts higher than 60Mhz at cloudhashing.com??

What do you guys think the future of difficulty will be and its effects? Anyone
got any price predictions/feelings?

The best deal is to wait until 9/24 and buy Primes at $25. This is assuming they keep the price of ZenHashlet at $21. If price of ZenHashlet goes down I would have to do some maths.

It is great that there are some competition on this field. ZenHash vs GAW Hashlet is great for customers. It means prices will be dropping like crazy and I can buy more Hashlets that way.

[MOB]

The price better drop a lot.  Hashlet Primes (35 days since their introduction) currently mine about 48% less fiat than they did when introduced on August 16th.

In order to get the same $15.99/MH deal available for early adopters, one would need to be able to purchase a Prime for $8.31.  A Hashlet Prime at $25 will not ROI unless BTC skyrockets.

According to Tom14cat14's statistic that there is a .07% average decline in profitability each day on Zenpool, I offer the following numbers: (watching a poor movie and have a calculator handy ;p)

For these calculations, Day 0 is today.  Assume you bought a $25/MH Prime today and mined the full 24 hours with no fees.  You were paid 100% of your expected income.  The day 0 payout in USD is $.2474/MH.

Each percentage offered after this will be what percentage of Day 0 you are now receiving after fees.

At $25/MH it will take you ~145 to ROI if BTC stays at the current price and if your payouts staying at Day 1 rates (which is not reality). If you factor in the Zenpool rate decreases over time (averaged from last 35 days) then your ROI is closer to ~215+ days.  If you also anticipate a bearish BTC outlook, then you will essentially never ROI at $25/MH.

In either scenario, your best hope will be just breaking even, not actually making money.  If your profitability depends on BTC going up, then you would be better off buying BTC directly.  You would make more money and lose less if BTC crashes.


For the first set, I assuming BTC average price =$400

Day 1: 69.16% ($.17/MH)
Day 10: 64.91% ($.1605/MH)
Day 30: 56.41% ($.1395/MH)
Day 60: 45.69% ($.113/MH)
Day 120: 29.77% ($.07/MH)
Day 240: 12.81% ($.0316/MH)
Day 365: 5.32% ($.013/MH)


If we assume BTC is an average price of $350:

Day 30: 49.36% ($.1221/MH)
Day 60: 39.98%
Day 120: 26.22% ($.0648/MH)
Day 240: 11.21%
Day 365: 4.65%


If we assume BTC is an average price of $300:

Day 30: 42.31% ($.1046/MH)
Day 60: 34.27%
Day 120: 22.33% ($.0552/MH)
Day 240: 9.61%
Day 365: 3.99%


Edit: If we assume BTC is an average price of $500, then see below. 

If it was BTC=$500 right now (and during the whole period), then it would take ~118 days to ROI if we do not factor in BTC price drops nor Zenpool profitability declines.  118 days would be a best possible rate and an extremely unlikely one at that.

Day 30: 70.51% ($.1743/MH)
Day 60: 57.11 ($.1425/MH)
Day 120: 37.21% ($.0875/MH)
Day 240: 16.01% ($.0395/MH)
Day 365: 6.65% ($.01625/MH)