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

[DARKANGEL6415]

15mh = 500watts, are they the same chips in the new ones?

that would be 25k watts hahah

lol 25,000 Watts dam i will call the gas company and shut off my propane gas and just run those throughout the house for heat

[1714886034]

1714886034

[hashie]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

[NeonTranceBadger]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

And your service keeps getting better, that's the only reason I have 50% of my payouts auto reinvest.

[DiCE1904]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

And your service keeps getting better, that's the only reason I have 50% of my payouts auto reinvest.

Lol wait...you are reinvesting in GAW still?

[NeonTranceBadger]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

And your service keeps getting better, that's the only reason I have 50% of my payouts auto reinvest.

Lol wait...you are reinvesting in GAW still?

No look at the account name I was responding to.  It's hashie.co official account.

[DiCE1904]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

And your service keeps getting better, that's the only reason I have 50% of my payouts auto reinvest.

Lol wait...you are reinvesting in GAW still?

No look at the account name I was responding to.  It's hashie.co official account.

My mistake sir, my "lol" has been taken back. Does Hashie have proof of their hardware? Like a link to their miners on a pool

[NeonTranceBadger]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

And your service keeps getting better, that's the only reason I have 50% of my payouts auto reinvest.

Lol wait...you are reinvesting in GAW still?

No look at the account name I was responding to.  It's hashie.co official account.

My mistake sir, my "lol" has been taken back. Does Hashie have proof of their hardware? Like a link to their miners on a pool

They showed they were mining at BTCGuild but they aren't anymore.

https://bitcointalk.org/index.php?topic=822446.msg9230458#msg9230458

[armedmilitia]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

And your service keeps getting better, that's the only reason I have 50% of my payouts auto reinvest.

Lol wait...you are reinvesting in GAW still?

No look at the account name I was responding to.  It's hashie.co official account.

My mistake sir, my "lol" has been taken back. Does Hashie have proof of their hardware? Like a link to their miners on a pool

They showed they were mining at BTCGuild but they aren't anymore.

https://bitcointalk.org/index.php?topic=822446.msg9230458#msg9230458

Even if that pic isn't photoshopped, they could have simply rented 70TH off of nicehash/westhash to point it at BTCGuild for an hour. It costs less than 1btc to rent 70TH worth of power for an entire day on that site...
It proves nothing. 

[owlcatz]

so... back on topic... isn't this the gaw-hater thread? :grinning:

[DiCE1904]

so... back on topic... isn't this the gaw-hater thread? :grinning:

Yea it is...and my zen account is still locked....

[owlcatz]

so... back on topic... isn't this the gaw-hater thread? :grinning:

Yea it is...and my zen account is still locked....

for withdrawals or... ?

[DiCE1904]

so... back on topic... isn't this the gaw-hater thread? :grinning:

Yea it is...and my zen account is still locked....

for withdrawals or... ?

Yea for withdrawals, after I went public about selling off

[Snipe85]

Of all the "cloud" mining vendors out there, do others have payment issues (paying wrong amount, holds on payments, etc)? Honest question, as I haven't spent much time looking at the other vendors, but it seems like it is more of a recurring issue for GAW than others. It seems a large part of this is there strange casino style "mining" where you bought something that was artificially tied to the rate of a different pools payouts, but without actually mining there. Seems like it is more work for GAW, than just creating "RandomHashlet" and assigning a random payout using a provably fair method (ala any number of the bitcoin gambling sites).

Also, what is the legality of changing your TOS for a contracted miner i've already bought? Meaning, can they really just change the terms as they see fit on something I have already paid for? Isn't that a breach of contract? If you look at the mobile space (Verizon, ATT, etc) they can't just decide to change the terms on existing subscribers. Thats why some people have unlimited plans still, even though the mobiles no longer sell them. I just wonder if GAW has kept date stamped copies of the TOS and kept track of which miners apply to which version. Or maybe the laws are different, and they can just change the terms on the fly, with no repercussions.

[Edit: Fix spelling errors]

Of course not! It's not rocket science to build a system that credits numbers correctly. For example, we can count the number of users affected with any payout issue in one hand.

-Sahra

And your service keeps getting better, that's the only reason I have 50% of my payouts auto reinvest.

Lol wait...you are reinvesting in GAW still?

No look at the account name I was responding to.  It's hashie.co official account.

My mistake sir, my "lol" has been taken back. Does Hashie have proof of their hardware? Like a link to their miners on a pool

They showed they were mining at BTCGuild but they aren't anymore.

https://bitcointalk.org/index.php?topic=822446.msg9230458#msg9230458

Even if that pic isn't photoshopped, they could have simply rented 70TH off of nicehash/westhash to point it at BTCGuild for an hour. It costs less than 1btc to rent 70TH worth of power for an entire day on that site...
It proves nothing. 

Good point. More of these cloud sites crawl out of the woodwork every day and each one claims to the best and the most profitable. Most of them are probably one man operations, managed and advertised by the same person.

[suchmoon]

:grinning:

Stop that, you're creeping me out 

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

[bitcoinnoisseur]

:grinning:

Stop that, you're creeping me out 

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.

[jimmothy]

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]

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]

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]

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]

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