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

[I_IZ_CEO]

Feel free to embrace the irony of this news that broke today and the advertising while you read the story   

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I did read about this 1-2 days ago, I cant remember if it was on that site or another one. There was also an article on coindesk today "FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters"
I wonder if thats why that $52 million dollars in BTC is moving around today.

There is a lot of repositioning going on, I suspect it is more from people in the US wanting to claim year end tax losses and buy back in after 30 days... similar to what they do with stocks?
[/quote]

I dont think this is an average Joe moving this around plus the SEC &vFinCEN are going after the companies.
This is one address that is moving a lot of BTC today:

https://blockchain.info/address/1KryFUt9tXHvaoCYTNPbqpWPJKQ717YmL5

and a link I posted above here on bitcointalk about the SEC letters going out.

https://bitcointalk.org/index.php?topic=837026.0

[cryptofunk]

Wow, just realized I've been posting for days on Hashtalk not knowing I was shadow banned and nobody could read me... no idea why and it seems like the CEO is the only one who can undo those types of bans now.  

I've been critical but never bashed them... This is just wrong.

[mutha]

Feel free to embrace the irony of this news that broke today and the advertising while you read the story    

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I did read about this 1-2 days ago, I cant remember if it was on that site or another one. There was also an article on coindesk today "FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters"
I wonder if thats why that $52 million dollars in BTC is moving around today.

There is a lot of repositioning going on, I suspect it is more from people in the US wanting to claim year end tax losses and buy back in after 30 days... similar to what they do with stocks?

I dont think this is an average Joe moving this around plus the SEC &vFinCEN are going after the companies.
This is one address that is moving a lot of BTC today:

https://blockchain.info/address/1KryFUt9tXHvaoCYTNPbqpWPJKQ717YmL5

and a link I posted above here on bitcointalk about the SEC letters going out.

https://bitcointalk.org/index.php?topic=837026.0


[/quote]

Well last post since we are off topic now, oh no doubt what you posted has a lot of validity, But the SEC is like a bunch of aggressive beggers, they will impose fines get their cut and be done with it until the next time they need their lunch money or executive year end bonus. Most companies just consider SEC fines the cost of doing business. I doubt the SEC sending voluntary letters will cause much of a stir... plus the IRS ruled Bitcoin property so it isnt so much "selling unregistered securities" as bartering unregistered securities if they took BTC for their funding LOL. If you want to conduct a BTC business go offshore, Belize, Panama or Luxemburg to be safe and avoid the regulatory hokey pokey.

But you could be right the SEC could be causing the sheeple stampede.... it doesnt take much to spook the flock. I am still hoping its simply tax loss selling and people come back into BTC around the end of November first week of December for the Holiday shopping.

[I_IZ_CEO]

Wow, just realized I've been posting for days on Hashtalk not knowing I was shadow banned and nobody could read me... no idea why and it seems like the CEO is the only one who can undo those types of bans now.  

I've been critical but never bashed them... This is just wrong.

Lmao.. You belong in the:

 GAWRefugees for when GAW BANs everyone.

https://bitcointalk.org/index.php?topic=837043.msg9352940#msg9352940

I posted that I will call INS and have you all sent back to trashtalk :p

[suchmoon]

I'm at the end of a 16 hour shift so I might be hallucinating a bit but this backtracking sounds to me like they are doing us a favor by not charging the fees. How could one possibly need a call from a "lead developer" to find out that fees are not being charged if this has been all over the forums for weeks and anyone with two hashlets to rub would have seen it the first day after they clicked DD/Boost. What, nobody at GAW actually owns Prime hashlets? Well, at least he personally thanked me, I was indeed very calm, didn't even pull a pitchfork from my shed.

https://hashtalk.org/topic/14539/prime-dd-maintenance-fees

GAW_CEO
Global Moderator
Industry Innovator

Prime DD Maintenance Fees

I am aware of all the threads and concerns about this.

Here is what happened:

Yesterday, I got a call from one of my lead developers and they said, “Josh, there has been an oversight in ZenCloud that has allowed customer to DD without any maintenance fees. We are correcting this.”

We are completely under the impression that this should have been charged all along, and it was a oversight on our part. I have the mods searching through all our posts to find any specific place we said, “Maintenance fees would not be charged for DD time.” No one has found a specific reference.

When we make an accounting error that leaves a customer with less money then they should have gotten, they demand we correct it, and we do. This is an accounting error in the other direction, so it’s natural that we would do the same thing.

In short, we made a mistake in how we charged for this feature, and an assumption was made that this is the way it will always be.

But, as a company, we hold the responsibility of being clear in the way we communicate things to our customers. Our job is to protect you and your investments. I have always believed that if we put customers first, revenue and success will follow. So, we have to stand by the principles that our company was built on, both when it is easy and when it is hard.

We will not charge any Maintenance Fees for the DD feature and you have my apologies for us “temporarily” losing sight of why we are here.

And a personal thank you. To those that remained calm, and gave us the benefit of the doubt :grinning:

[suchmoon]

But the real news of the day is of course this:

https://hashtalk.org/topic/14566/hashcoin-prelude

Edit: [ see below for a nicer quote ]

[kupan787]

[EDIT: suchmoon beat me to it!]

FYI...more on Project Prime. ICO. Credit Card. Shopping. Delivery.

Hey everyone,

I wanted to let you guys know what we’ve been working on for months here and explain what we’ll be revealing very soon.

First, how did we get here?

Before GAW Miners even existed, we were miners. And, we saw very obvious problems in the industry. So, we started GAW Miners to go after the biggest problem, manufacturers and resellers; and we fight on behalf of miners. And, as we became successful making change, it became obvious to us that the industry was facing a very different problem.

The power in cryptocurrency was very obviously shifting away from miners and toward speculators and large industrial interests. And, it still is.

This isn’t good for miners. And some of us don’t even want to think about it. But, it’s the reality of the situation. And months ago, we knew the problems in cryptocurrency needed to be fixed before miners could regain control.

Enter HashCoin.

If you were to create a cryptocurrency that transformed this industry for the better, how would you do it?

• You’d probably start by employing experts in monetary theory and cryptography.
• Then you’d build it on top of Bitcoin so that it worked with and improved its existing network.
• You’d combine proof of work, stake, and resources to foster stability.
• You’d build an asset reserve behind the currency so adopters would be shielded from risk.
• You’d make it work with existing infrastructure… so it can be used around the world, virtually anywhere.
• You’d showcase it to some of the world’s largest merchants and prearrange for widespread acceptance.
• You’d make it so it pays to hold the currency rather than speculate with it.
• And you’d make it incredibly easy to adopt, use and build for.
• You’d make a coin that people can actually live off of.

HashCoin is what we’ve been working on for months, under Project Prime. It is, I’m confident to say, the single biggest advancement for cryptocurrency since the original Bitcoin white paper.

We are working with some of the largest brands in the world. And, we will serve it up with HashBase. It is the base of the system. It will bring mining, coin management, blockchain explorer, community, and purchasing together.

HashBase will allow you to mine a coin, search for a product, see search results from Target/Walmart/Amazon/Macy’s, and buy on the spot. A few days later, the product shows up at your door.

And, in case you’re all wondering. We are having an ICO very soon.

Our initial ICO round will happen in the next 2-3 weeks. Our minimum investment floor is 1 million USD, and the line of investors and banks is forming  .

With the exception of BTC and LTC, our starting market cap will be higher than the entire market cap of any other coin in the world (and most of them combined).

But, all our customers are able to participate through HashPoints. You’re going to be given exclusive access, among the banks and investors, before this coin changes the world.

We are releasing a detailed plan later this week and our white paper soon to follow. We will also hold a video conference later this week for you to ask any questions you have.

Let’s make history,

GAW, CEO

[suchmoon]

[EDIT: suchmoon beat me to it!]

I OWN THIS THREAD MWAHAHAHAHA  

Actually I removed my quote since yours looks nicer.

Edit: I do not believe that one more credit card is a solution to some problem I didn't even know I had, but my judgement is clouded today so I'll just wait and see.

[Oldminer]

Wow.

Instead of reducing maintenance fees to keep accounts positive GAW is raising maintenance fees on Primes. Wonder how long until GAW gets raided like BF Labs.

http://www.sec.gov/complaint.shtml

Oh but there's even better things coming, don't mind those new fee's ya'll, just keep buying up my super-expensive Primes! 

[suchmoon]

For Zen owners there is this:

https://hashtalk.org/topic/14567/late-to-the-party

tl;dr: ZenHashlets will be able to mine on HashPool by Wednesday. No mention of fees

[tomewok]

For Zen owners there is this:

https://hashtalk.org/topic/14567/late-to-the-party

tl;dr: ZenHashlets will be able to mine on HashPool by Wednesday. No mention of fees

Looks like the Zens will outperform the Primes by almost 3 times on the ICO, people could sell their primes, buy Zen and triple their participation at the ICO, then rebuy the Primes later with the profit.

[Oldminer]

For Zen owners there is this:

https://hashtalk.org/topic/14567/late-to-the-party

tl;dr: ZenHashlets will be able to mine on HashPool by Wednesday. No mention of fees

Whoaa
Sweet
Cool!
Such win!
Party time!

~yawn~

[suchmoon]

Someone on HT posted this, of course it was yanked quickly. http://www.cryptexcard.com/ does not work, Twitter feed https://twitter.com/CryptexCard seems to have been active until about a month ago. Not sure what to make of this.

https://hashtalk.org/user/dogeit

@DogeIt said:

Legally, I will not say too much regarding this specific matter because we have lawyers too but this needs to be stated.

This new GAW Miners LLC card that may be branded and distributed under various other names is actually the Cryptex Card. How do I know? My company established and developed the original crypto infrastructure used in the platform so thank you for your business, GAW, but we still own the original IP and patent. Furthermore, we have not and will not approve the use of any of our intellectual property with the term or word “hash”, “hashbase”, or “hash pass” associated with it in lieu of the existing Visa International copyrighted and licensed “PayPass” reference and logo tied to our merchant agreements. Please remove this “look” and name association if you plan on committing to the release of this licensed technology which binds you to our expressed terms you agreed to by partnering with our company.

Below is a little hostory of our company and the card. Please contact us during business hours if you have any comments or questions. You can find our corporate information via Google. Thank you.

The Cryptex Card was launched at the Inside Bitcoins conference in New York this past spring and are now shipping; “filling a huge hole in the Bitcoin and digital currency infrastructure”.

Traditionally converting Bitcoin into cash is a long-winded process fraught with delays and uncertainty. It involves depositing your Bitcoin with an exchange, converting it into FIAT currency and then waiting for the exchange to send you a bank transfer. This is not a perfect system as demonstrated by the Mt. Gox nightmare.

The Cryptex Card system works along similar lines, but rather than having to use a bank account - something the whole virtual/alternative currency movement is trying to eliminate - you simply deposit your Bitcoin in a Cryptex account and withdraw the equivalent in cash from an ATM, or purchase items at point-of-sale terminals in store or via the Internet.

The Cryptex Card logic and optional wirless design is PCI compliant and has the ability work at ATMs and businesses in over 80 countries around the world, including 90% of the cash machines in the US. Unlike traditional debit or ATM cards, the Cryptex Card will be available to people in any country around the world who wish to leverage the hybrid power of the alternative currencies - ranging from Bitcoins to Dogecoins.;-)

[verloren]

Someone on HT posted this, of course it was yanked quickly. http://www.cryptexcard.com/ does not work, Twitter feed https://twitter.com/CryptexCard seems to have been active until about a month ago. Not sure what to make of this.

https://hashtalk.org/user/dogeit

@DogeIt said:

Legally, I will not say too much regarding this specific matter because we have lawyers too but this needs to be stated.

This new GAW Miners LLC card that may be branded and distributed under various other names is actually the Cryptex Card. How do I know? My company established and developed the original crypto infrastructure used in the platform so thank you for your business, GAW, but we still own the original IP and patent. Furthermore, we have not and will not approve the use of any of our intellectual property with the term or word “hash”, “hashbase”, or “hash pass” associated with it in lieu of the existing Visa International copyrighted and licensed “PayPass” reference and logo tied to our merchant agreements. Please remove this “look” and name association if you plan on committing to the release of this licensed technology which binds you to our expressed terms you agreed to by partnering with our company.

Below is a little hostory of our company and the card. Please contact us during business hours if you have any comments or questions. You can find our corporate information via Google. Thank you.

The Cryptex Card was launched at the Inside Bitcoins conference in New York this past spring and are now shipping; “filling a huge hole in the Bitcoin and digital currency infrastructure”.

Traditionally converting Bitcoin into cash is a long-winded process fraught with delays and uncertainty. It involves depositing your Bitcoin with an exchange, converting it into FIAT currency and then waiting for the exchange to send you a bank transfer. This is not a perfect system as demonstrated by the Mt. Gox nightmare.

The Cryptex Card system works along similar lines, but rather than having to use a bank account - something the whole virtual/alternative currency movement is trying to eliminate - you simply deposit your Bitcoin in a Cryptex account and withdraw the equivalent in cash from an ATM, or purchase items at point-of-sale terminals in store or via the Internet.

The Cryptex Card logic and optional wirless design is PCI compliant and has the ability work at ATMs and businesses in over 80 countries around the world, including 90% of the cash machines in the US. Unlike traditional debit or ATM cards, the Cryptex Card will be available to people in any country around the world who wish to leverage the hybrid power of the alternative currencies - ranging from Bitcoins to Dogecoins.;-)

Annndddd...deleted.

For Zen owners there is this:

https://hashtalk.org/topic/14567/late-to-the-party

tl;dr: ZenHashlets will be able to mine on HashPool by Wednesday. No mention of fees

Looks like the Zens will outperform the Primes by almost 3 times on the ICO, people could sell their primes, buy Zen and triple their participation at the ICO, then rebuy the Primes later with the profit.

That's assuming you can actually sell the Primes.

[dyask]

Primes are selling fast.  Priced one at $41.90 and it was gone in about a minute.   No problem selling primes if you are willing to sell at the market price! 

[Oldminer]

Someone on HT posted this, of course it was yanked quickly. http://www.cryptexcard.com/ does not work, Twitter feed https://twitter.com/CryptexCard seems to have been active until about a month ago. Not sure what to make of this.

https://hashtalk.org/user/dogeit

@DogeIt said:

Legally, I will not say too much regarding this specific matter because we have lawyers too but this needs to be stated.

This new GAW Miners LLC card that may be branded and distributed under various other names is actually the Cryptex Card. How do I know? My company established and developed the original crypto infrastructure used in the platform so thank you for your business, GAW, but we still own the original IP and patent. Furthermore, we have not and will not approve the use of any of our intellectual property with the term or word “hash”, “hashbase”, or “hash pass” associated with it in lieu of the existing Visa International copyrighted and licensed “PayPass” reference and logo tied to our merchant agreements. Please remove this “look” and name association if you plan on committing to the release of this licensed technology which binds you to our expressed terms you agreed to by partnering with our company.

Below is a little hostory of our company and the card. Please contact us during business hours if you have any comments or questions. You can find our corporate information via Google. Thank you.

The Cryptex Card was launched at the Inside Bitcoins conference in New York this past spring and are now shipping; “filling a huge hole in the Bitcoin and digital currency infrastructure”.

Traditionally converting Bitcoin into cash is a long-winded process fraught with delays and uncertainty. It involves depositing your Bitcoin with an exchange, converting it into FIAT currency and then waiting for the exchange to send you a bank transfer. This is not a perfect system as demonstrated by the Mt. Gox nightmare.

The Cryptex Card system works along similar lines, but rather than having to use a bank account - something the whole virtual/alternative currency movement is trying to eliminate - you simply deposit your Bitcoin in a Cryptex account and withdraw the equivalent in cash from an ATM, or purchase items at point-of-sale terminals in store or via the Internet.

The Cryptex Card logic and optional wirless design is PCI compliant and has the ability work at ATMs and businesses in over 80 countries around the world, including 90% of the cash machines in the US. Unlike traditional debit or ATM cards, the Cryptex Card will be available to people in any country around the world who wish to leverage the hybrid power of the alternative currencies - ranging from Bitcoins to Dogecoins.;-)

Wow, so much fail here

[suchmoon]

Primes are selling fast.  Priced one at $41.90 and it was gone in about a minute.   No problem selling primes if you are willing to sell at the market price! 

I was expecting that ZenHashlet prices would rise too due to what tomewok said. Maybe everyone's still waiting to see if/how the HashPool option actually works with it.

HashPoint pool is now at 18 HP per MH/s. Presumably that's 0.18 USD if we assume that 0.01 USD per HP is still valid, compared to ~0.11 USD with Zen or Waffle (0.03 after fees).

[verloren]

Primes are selling fast.  Priced one at $41.90 and it was gone in about a minute.   No problem selling primes if you are willing to sell at the market price! 

I have some up at 40USD, and not going anywhere.

[Flep182]

It seems like they're testing new plans, wait for an outcry, yank them again. It's getting just mildly boring.

I've made ROI on both accounts so I'm pondering what to do, start selling off hashrate going for the doors, or just leaving what I have and weekly take out what has been made, maybe changing the Primes I have into ZenHashlets to make sure I don't have to DD every day

[Flep182]

HashPass logo has been removed from the HT post btw