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Author Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)  (Read 261552 times)
bitcoinnoisseur
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November 12, 2014, 04:32:39 AM
 #4381

:grinning:

Stop that, you're creeping me out  Shocked

Anyone remembers when the next white paper draft is due? For some reason I thought it's today but obviously I'm wrong.

Hundreds of millions have been invested by huge VC's but there is no white paper??? So I'm to believe that these huge VC's have blind faith in Josh just like his little koolaid drinkers have? Why is not everyone not questioning this? VC's do NOT invest millions on a whim and a prayer. They demand knowledge of exactly what it is they are investing in. With no whitepaper and one that is being continuously updated per customer feedback, there is NO proof of anything to invest in.
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jimmothy
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November 12, 2014, 05:45:36 AM
 #4382

Quote
Hashlet Prime stands as the company's latest flagship product, leading its Hashlet family of bitcoin miners which took the cryptocurrency industry by storm earlier this summer generating over $12M in sales within weeks of release.

The free upgrade announcement, made in the popular bitcoin community HashTalk.org, on the other hand was met with great celebration with a post receiving over 1000 responses within hours. GAW’s decision produced $8m+ of profit for Vaultbreaker customers who mine cryptocurrencies like bitcoin with GAWMiners.

http://www.prweb.com/releases/2014/10/prweb12220305.htm

Something doesn't quite add up.

$12m worth of hashlets at $15/mh is 800 GH/s.

By "producing $8m of profit" I assume they are basing that on the increase in $/mh. Since vaultbreakers were sold at ~$10/mh and could be sold for up to $50/mh that makes a max profit of $40/mh. $8m profit at $40/mh is another 200 GH/s worth of primes.

800 GH/s + 200 GH/s = 1000 GH/s.

On October 2nd the entire litecoin network was 1036 GH/s so I suppose only ~36 GH/s is not controlled by GAW.

This doesn't even take in to consideration boosts, double pool mining, red rockets, and whatever magically made their pool payout more than any other litecoin pool.
verloren
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November 12, 2014, 06:15:14 AM
 #4383

Quote
Hashlet Prime stands as the company's latest flagship product, leading its Hashlet family of bitcoin miners which took the cryptocurrency industry by storm earlier this summer generating over $12M in sales within weeks of release.

The free upgrade announcement, made in the popular bitcoin community HashTalk.org, on the other hand was met with great celebration with a post receiving over 1000 responses within hours. GAW’s decision produced $8m+ of profit for Vaultbreaker customers who mine cryptocurrencies like bitcoin with GAWMiners.

http://www.prweb.com/releases/2014/10/prweb12220305.htm

Something doesn't quite add up.

$12m worth of hashlets at $15/mh is 800 GH/s.

By "producing $8m of profit" I assume they are basing that on the increase in $/mh. Since vaultbreakers were sold at ~$10/mh and could be sold for up to $50/mh that makes a max profit of $40/mh. $8m profit at $40/mh is another 200 GH/s worth of primes.

800 GH/s + 200 GH/s = 1000 GH/s.

On October 2nd the entire litecoin network was 1036 GH/s so I suppose only ~36 GH/s is not controlled by GAW.

This doesn't even take in to consideration boosts, double pool mining, red rockets, and whatever magically made their pool payout more than any other litecoin pool.
VB pricing went from $12/MH to $8.4/MH (original 9000USD to discounted 6300USD for batch 2).

I don't think most people were able to get 50USD when selling a Prime. The market usually topped out at 45USD after fees were removed from the price.
Honeycutt22
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November 12, 2014, 01:58:51 PM
 #4384

Didn't someone post a prediction they had about GAW? One of them was about the coin ICO and that the first round would be such a success that the third round would be canceled?

If so - that prediction came true!!
NeonTranceBadger
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November 12, 2014, 02:34:27 PM
 #4385

Didn't someone post a prediction they had about GAW? One of them was about the coin ICO and that the first round would be such a success that the third round would be canceled?

If so - that prediction came true!!

I just don't believe Josh on this one.  They probably cancelled round 3 to get people to go buy primes in the market place so they can take 10% of the profits.  Then using this as propaganda to get people to believe that the coin is doing so well and that they need to jump on ship.  I still don't think amazon, target, and walmart are on board with this it's a new technology and with GAWs track record of keeping things running why would Billion dollar corporations want to invest into a coin that is completely controlled by a small group of people it just makes no sense in my mind. 
alienesb
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November 12, 2014, 02:37:54 PM
 #4386

Didn't someone post a prediction they had about GAW? One of them was about the coin ICO and that the first round would be such a success that the third round would be canceled?

If so - that prediction came true!!

I believe you're looking for this one:

https://bitcointalk.org/index.php?topic=720844.msg9440587#msg9440587
rcocchiararo
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November 12, 2014, 02:41:38 PM
 #4387

It seems me asking if Zencloud was not bound by contract to be the most profitable pool was a bad idea, i was shadowbaned around november 1st, noticed around the 6th.

Their support says that only the CEO handles shadowbans, and the CEO ignores me Tongue

Tweet him. That's what all cool kids do these days.

https://twitter.com/gawceo

When i mentioned that he ignores me, i meant in twitter Tongue
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November 12, 2014, 03:14:14 PM
 #4388

It seems me asking if Zencloud was not bound by contract to be the most profitable pool was a bad idea, i was shadowbaned around november 1st, noticed around the 6th.

Their support says that only the CEO handles shadowbans, and the CEO ignores me Tongue

Tweet him. That's what all cool kids do these days.

https://twitter.com/gawceo

When i mentioned that he ignores me, i meant in twitter Tongue

That is hilarious... Quoting that post

"The some weeks will go by and a huge regret annoucement will be made, nay a brand new wesbite and domain will surface with the clown Josh Garza's face pegged all over it ' so sorry guys we were totally misled the investors who gobbled up the first round did not in fact have any money, we are suing them, we are suing our bankers who introduced them' ' we were totally duped'.... but do not fear dear gawfucks. We just created a brand new gawminer, the gashitlets and goofgaw zen dungdropings.......hashing at 850 Mh/s and we will immediately convernt your 10 and 15 dollar hard cash investments in to these !!! I am your saviour, Josh Garza Magic Man of The Crypto Era !!1


*yawn*

same shit different day"



Btw what if we are all wrong? And this turns out to be a success?
alienesb
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November 12, 2014, 03:18:32 PM
 #4389

It seems me asking if Zencloud was not bound by contract to be the most profitable pool was a bad idea, i was shadowbaned around november 1st, noticed around the 6th.

Their support says that only the CEO handles shadowbans, and the CEO ignores me Tongue

Tweet him. That's what all cool kids do these days.

https://twitter.com/gawceo

When i mentioned that he ignores me, i meant in twitter Tongue

That is hilarious... Quoting that post

"The some weeks will go by and a huge regret annoucement will be made, nay a brand new wesbite and domain will surface with the clown Josh Garza's face pegged all over it ' so sorry guys we were totally misled the investors who gobbled up the first round did not in fact have any money, we are suing them, we are suing our bankers who introduced them' ' we were totally duped'.... but do not fear dear gawfucks. We just created a brand new gawminer, the gashitlets and goofgaw zen dungdropings.......hashing at 850 Mh/s and we will immediately convernt your 10 and 15 dollar hard cash investments in to these !!! I am your saviour, Josh Garza Magic Man of The Crypto Era !!1


*yawn*

same shit different day"



Btw what if we are all wrong? And this turns out to be a success?

Then some here will never admit it but secretly will pocket whatever money they made with their still current holdings with GAW.
r00tdude
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November 12, 2014, 04:22:32 PM
 #4390


Something doesn't quite add up.

$12m worth of hashlets at $15/mh is 800 GH/s.

By "producing $8m of profit" I assume they are basing that on the increase in $/mh. Since vaultbreakers were sold at ~$10/mh and could be sold for up to $50/mh that makes a max profit of $40/mh. $8m profit at $40/mh is another 200 GH/s worth of primes.

800 GH/s + 200 GH/s = 1000 GH/s.

On October 2nd the entire litecoin network was 1036 GH/s so I suppose only ~36 GH/s is not controlled by GAW.

This doesn't even take in to consideration boosts, double pool mining, red rockets, and whatever magically made their pool payout more than any other litecoin pool.

The reason it doesn't add up is that you are assuming that they mine scrypt.

Bitrated user: r00tdude.
PhiPhi
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November 12, 2014, 05:13:00 PM
 #4391

There is a process for serious investors and companies called due diligence, a process which GAW could never endure. Anybody care to argue to the contrary? 

ZiG
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November 12, 2014, 05:24:30 PM
 #4392

It seems me asking if Zencloud was not bound by contract to be the most profitable pool was a bad idea, i was shadowbaned around november 1st, noticed around the 6th.

Their support says that only the CEO handles shadowbans, and the CEO ignores me Tongue

Tweet him. That's what all cool kids do these days.

https://twitter.com/gawceo

When i mentioned that he ignores me, i meant in twitter Tongue

That is hilarious... Quoting that post

"The some weeks will go by and a huge regret annoucement will be made, nay a brand new wesbite and domain will surface with the clown Josh Garza's face pegged all over it ' so sorry guys we were totally misled the investors who gobbled up the first round did not in fact have any money, we are suing them, we are suing our bankers who introduced them' ' we were totally duped'.... but do not fear dear gawfucks. We just created a brand new gawminer, the gashitlets and goofgaw zen dungdropings.......hashing at 850 Mh/s and we will immediately convernt your 10 and 15 dollar hard cash investments in to these !!! I am your saviour, Josh Garza Magic Man of The Crypto Era !!1


*yawn*

same shit different day"



Btw what if we are all wrong? And this turns out to be a success?

Do you still believe in "Santa Claus" ... Huh Grin

ZiG
welchy8764
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November 12, 2014, 06:05:48 PM
 #4393

There is a process for serious investors and companies called due diligence, a process which GAW could never endure. Anybody care to argue to the contrary? 

Not sure GAW can even explain their business model at this point. Everyone on the site is purely trusting they will eventually be paid by ICO. If mining a pool the payouts are dismal. The white paper does not explain or show any demand or appetite for another coin. For anyone to invest without scrutinizing this investment is CRAZY!!
mutha
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November 12, 2014, 06:08:10 PM
 #4394

The fact is BTC is up almost $100 in the past week, so how much has GAWS cost its customers by diverting their BTC miners to this new "plan"?

I hate to point out the obvious... but GAWS has cost people alot of money, who paid for a certain mining service.  
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November 12, 2014, 06:29:46 PM
 #4395

so... back on topic... isn't this the gaw-hater thread? :grinning:
we do take breaks on Tuesdays lol make it random day

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November 12, 2014, 06:47:59 PM
 #4396

There is a process for serious investors and companies called due diligence, a process which GAW could never endure. Anybody care to argue to the contrary?  
Careful, GAW/Zen may take legal action against you too.  Roll Eyes

Either way, lets all closely ponder this advertisement below, which is still to-this-day plastered all over the web if you have your cookies installed in your browser, which you agreed to accept under all circumstances and conditions if you ever visited a GAW owned site -



I welcome anyone, including GAW/Zen's retained counsel, to explain to me in reasonable and legal terms:

A. How does anything or anyone "earn" Bitcoin for "free"?
B. What specifically defines a "free" account with GAW/Zen?
C. In what dimensional reality does a "free" miner tied to a "free" account that requires and charges a daily "maintenance fee" in order to mine Bitcoin and/or ANYTHING other than a still unknown and unreleased in-house hypothetical coin - - - remain "free"?

In summary, at what point is the line drawn between guerrilla marketing and false-advertising?

Thank you for your time.

Scott-
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November 12, 2014, 07:19:40 PM
 #4397

Eh KC6TTR  I don't really have issues with most of your posts.  There is alot of validity to warnings and such not, and since you have a much longer experience with GAW then me?  I give them some credence and have made some moves based on this thread and some of the more rational skeptics.

However this post, isn't up to snuff.   I'm not a lawyer, so I could not spout the proper legalese on this, but we can do part of your questions from common sense layman terminology, I would think.

A.   If a company gives you free mining power?  You have "mining power"  Which is active, that generates.. or lets use the word "earns" btc from said mining actions for no upfront cost, or even out of pocket cost to you?   Then yes.. earn bitcoin for free seems to be not the craziest statement ever made.

B.  An account that doesn't require a fee or cost to sign up for?   Reasonable definition of a free account.    I use some gmail/hotmail accounts.. and they get some fiscal rewards via ads and tracking data, but I personally don't pay for the service.    Again.. Free is a pretty fair descriptive word.   

C.   Magical miner that may or may not be real, and gives coins and has a daily maintaince fee-  This requires 2 criteria.   The "free" miner from the "free" account, that never involves me having to buy anything from, and whose's maintance fee's never exceed the daily payout?   That remains free in perpetually.  If GAW runs the miners and maintaince exceeds the cost of the miner, and they deduct the funds from my balance?  Then it's not free.   When it happens?  Then this particular question gains alot of validity.
 
If I don't have to pay for the product, and am free to withdraw earnings from said miner?  It's free.   

Alot of your posts are very good and solid..  This one?  Much more nitpicky and irrational then your typical fare.

INVALID BBCODE: close of unopened tag in table (1)
KC6TTR
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November 12, 2014, 08:02:32 PM
 #4398

Eh KC6TTR  I don't really have issues with most of your posts.  There is alot of validity to warnings and such not, and since you have a much longer experience with GAW then me?  I give them some credence and have made some moves based on this thread and some of the more rational skeptics.

However this post, isn't up to snuff.   I'm not a lawyer, so I could not spout the proper legalese on this, but we can do part of your questions from common sense layman terminology, I would think.

A.   If a company gives you free mining power?  You have "mining power"  Which is active, that generates.. or lets use the word "earns" btc from said mining actions for no upfront cost, or even out of pocket cost to you?   Then yes.. earn bitcoin for free seems to be not the craziest statement ever made.

B.  An account that doesn't require a fee or cost to sign up for?   Reasonable definition of a free account.    I use some gmail/hotmail accounts.. and they get some fiscal rewards via ads and tracking data, but I personally don't pay for the service.    Again.. Free is a pretty fair descriptive word.   

C.   Magical miner that may or may not be real, and gives coins and has a daily maintaince fee-  This requires 2 criteria.   The "free" miner from the "free" account, that never involves me having to buy anything from, and whose's maintance fee's never exceed the daily payout?   That remains free in perpetually.  If GAW runs the miners and maintaince exceeds the cost of the miner, and they deduct the funds from my balance?  Then it's not free.   When it happens?  Then this particular question gains alot of validity.
 
If I don't have to pay for the product, and am free to withdraw earnings from said miner?  It's free.   

Alot of your posts are very good and solid..  This one?  Much more nitpicky and irrational then your typical fare.

Well, unlike some, I do appreciate your input and you explained your view well. Call me nitpicky - I'm not proud.. but in my defense, I believe I have an excuse in the face of others being nitpicky with my printed words.  Shocked Tongue

Again, my underlying question regarding where the line is drawn between guerilla and... well... whatever one may consider baiting, unreasonably assumptive, or deceptive, if not false, advertising still holds some foundation in my opinion. Not all consumers are obviously as smart as you come across and may present the same query I did. Even if no laws are broken, what responsibility does any business have to maintain a reasonable level of marketing ethics?

Scott-
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November 12, 2014, 08:09:38 PM
 #4399

Fair enough KC6TTR,

On the underlying question... Not going to have nearly as firm an answer, I think that it is a bit more tricky.  Alot of conflicting interests, as the point of any advertisment is to entice and draw people in.    I never noticed having more sexy scantily clad women around me when I was drinking bud, as opposed to corona, or iced tea.   So any ad must do what it can to achieve its objective and pulling people in.

Ethical behavior in such things is a bit of a muddy area for me.   If they put a tiny * in the ad with all relevant disclaimers, most consumers are going to ignore such information anyways, but according to some standards and practices, that would make said ad "ethical".

So really, I dunno KC6TTR, I tried, but I really can't give you an answer on that one that would be appropriate.

INVALID BBCODE: close of unopened tag in table (1)
bitcoinnoisseur
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November 12, 2014, 08:19:07 PM
 #4400

Barry Silbert @barrysilbert
 I'm participating in "Bitcoin: Beyond the Currency" at @Bloomberg's NYC HQ on Nov 17th

Request an invite via info@bitcointrust.co


I wonder if Josh was invited. He did say he was meeting with the Media in NYC this week didn't he?
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