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

[KC6TTR]

This thread is depressing.....

https://hashtalk.org/topic/17901/gaw-adds-25-000-customers-in-one-week/3

And how does he know they're new to the industry?

Depressing or comical? To me, it looks like someone was either not getting enough attention from his followers and was hungry for a self-serving ego boost or a bold statement was needed to create a false sense of security in the face of uncertainty.

Scott-

[1714166846]

1714166846

[KC6TTR]

Regarding the debate on whether GAW is "virtual" and whether than matters .. I think the central problem with GAW's "hashlet" is getting a buried in semantics.

Look at it from an investment perspective and the problem is clear.

How much would you pay for "1 share" of a hugely successful private equity fund?  Lets say I told you of a fund that earned 500% per share last year.  Wouldn't you still want to know:  (1) how large the fund is (how many $$ invested, how much in bank account), (2) how many shares there are, and (3) what the fund is doing with its money?  This is essential - you have to understand the cap table before you can value that "1 share"... Maybe last year they had one lucky investment out of 30 failures.. maybe last year they had 1000 shares and 100 million in investment capital, bit this year they have 10,000 shares and the same invested capital... Can you see how that might make a HUGE difference?

Hashlets present exactly the same problems, and GAW is refusing to disclose ANY of the "cap table" for its "hashlets":

Consider just the Prime and Zen hashlets on Zenpool:

(1) How many mhs have been issued and sold?  How many can be issued and sold?  Is there a limit on whether GAW can issue and sell more? Are there hashlets out there that have been issued but not sold yet (kink of like treasury stock, just waiting to sell)? 

(2) For each mhs of "hashlet" power, how much mhs is dedicated to the prime or zen hashlet purchased?  Same for ghs if SHA256 miners are dedicated?  Is it 1/1?  1/2?  1/1000000?   Note that even if GAW is renting out mhs/ghs there should still be dedicated hash in a fixed ratio.

(3) For each mhs of "hashlet" power, what other "funds" exist that are dedicated to those "hashlets" for coin ICOs and non-hashing purposes?  How much of this "fund" is allocated to each hashlet?

(4) What guaranty exists that GAW won't change the above at its whim to satisfy new investors, or support sales of new hashlets, or fund the hashcoin ICO, etc. (even if it did eventually disclose numbers)?

Without some solid numbers and at least promises on the above points, investing in hashlets is like throwing coins into a puddle and hoping your wish will come true.  I think that is what Scott means by "virtual" ...

Yes, you are much more talented than I at expressing your thoughts. Thank you.

Scott-

[draoidh]

I, for one, am just really glad that I've jumped off the GAW train before it hit the signal box.
Did I make ROI? Yes! I bought in at ~15 per hashlet, sold it off at ~35, plus some very little mining profits, yadda yadda... yeah I did make ROI and then some.

Now, if I were to post customer reviews from 3 years ago about Josh's endeavor with Great Auk Wireless, what about bringing Internet and stuff... my post would be deleted because...
yeah come on man, that was 3 years ago. Okay, fair enough.

If I then were to refer to a reddit thread, where a certain Josh Garza scammed someone on eBay and then went ahead to impersonate eBay personnnel on said reddit thread....
yeah but... yeah.

I'll just lean back now and watch this disaster unfold. I've got Popcorn and Blair's Death Sauce to last me until New Year's Eve.
That ought to do it. That is how much time I give this project before it's all in ashes.
Which, quite frankly, would be a lot longer than any other project Josh High School Dropout Garza has come up with so far.

[DARKANGEL6415]

well i am taking a break from this for a moment reading other pages so many changes with gaw its not funny 

[Stargazer]

Honestly, if everyone stopped posting here, except for a once a week update?    We would all be better off.

If I could upvote you, I would. Some people just can't live a day without name calling. They wouldn't exist without an occassional flame post.
This makes finding any info here, besides the first post, impossible.

[bitcoinnoisseur]

Honestly, if everyone stopped posting here, except for a once a week update?    We would all be better off.

If I could upvote you, I would. Some people just can't live a day without name calling. They wouldn't exist without an occassional flame post.
This makes finding any info here, besides the first post, impossible.

Then stop looking and posting. That was simple.

[DiCE1904]

Called again today, the 4th day of my account being locked.

Got the runaround again. One of their security guys locked my account for an unknown reason to phone support. I guess there was a screenshot of "why" but was unable to be seen by the phone support. The security guy has either ignored phone supports notes on his desk or hes just burning time.

Posted in the hashtalk forum with my issue and Josh moved it but didnt answer or fix the issue.
https://hashtalk.org/topic/17884/account-locked-for-3-days-what-is-going-on

 

I was PMed by Josh that my account lock has been handled by him. Account is now unlocked.

[bitcoinnoisseur]

He's begging for help yet again:


GAW_CEO

Check It
https://www.reddit.com/r/BitcoinMining/comments/2lzhft/why_are_your_payouts_so_high_gaw/

Looks like these guys are still questioning if we have good hardware and have not done any due diligence. Perhaps a few of you that have, can relay your opinion? :grinning:

Follow me on Twitter - @gawceo GAW_CEO posted 23 minutes ago , last edited by GAW_CEO 22 minutes ago

https://hashtalk.org/topic/18014/check-it

[MOB]

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

[tins]

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

[KC6TTR]

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

Nope...

[bitgeek]

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

Sometimes you get banned because other users downvoted and reported your posts. People usually get banned for a reason

[alienesb]

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

Sometimes you get banned because other users downvoted and reported your posts. People usually get banned for a reason

Yes, if you say something critical about GAW they will ban you. If you go against the flow they will ban you. Simple.

[bitgeek]

Well, my originally banned username on HT was apparently unbanned at some point in the past. Now posting again. No doubt I will be banned within the hour.

When they ban on that forum, is a reason (whether valid or not) given to you? (Obviously, I am not a member.)

Sometimes you get banned because other users downvoted and reported your posts. People usually get banned for a reason

Yes, if you say something critical about GAW they will ban you. If you go against the flow they will ban you. Simple.

I've seen a lot of trolls there that deserved it. Some of them even admitted in this thread they had multiple accounts and were trolling just to see how long it will take the mods to ban them.

[Wings1987]

Yes, if you say something critical about GAW they will ban you. If you go against the flow they will ban you. Simple.
[/quote]

I have to disagree. I have been critical of them on the forum and can still post.

Anyway, should get interesting here in the next few weeks. I have made my money back but unlike others did not sell my "miners" for x3 their initial value. Very likely that I will regret my decision but in the off chance that half of what GAW claims is true I had to ride it out.

[suchmoon]

I have updated the first post to reflect the shift to Hashcoin. I may be tweaking it a bit within the next few days as more information becomes available. Any feedback is welcome, let me know if I messed something up or missed anything important that you think should be there.

I was considering starting a new thread and locking this one so that new readers wouldn't feel obligated to go through 200+ pages of - let's face it - mostly outdated rants , but this would also cut off notifications for users subscribed to this thread. Let me know your thoughts on that.

[alienesb]

Start a new one.

[NeonTranceBadger]

New thread.

[MOB]

Is the "Check It" thread deleted or just renamed to something else now? I asked Josh some questions about centralization with Primes.




New thread is fine, I mean the original questions are all answered.


1. Hashlets do not exist
2. VaultBreakers do not exist
3. Inexplicably high payouts no longer exist (and were perhaps always just a lure)
4. Payouts are now so low, that new buyers would only purchase in order to mine hashcoins.
5. Anyone who bought in early enough achieved ROI, middle probably could sell their hashlets to break even, and late arrivals lost money on hashlet investments in USD/BTC terms that at current rates will never ROI. (To argue that HC will compensate those late arrivals is beside the point. Hashlets, as they were advertised and sold, became increasingly terrible investments)


So, it seems the new thread should be hashcoin only, but there is precious little real information about that topic =/

I suppose it could start with an OP that brings together the white paper (or whatever we call it), the mathematical analysis, and the speculation that the only equation in the whitepaper is incorrect to begin with?

Is there any pro-hashcoin argument that makes any sense?

[Flep182]

New thread.

Make a digest of the old news/results, maybe a few links to news announcements that have been archived and start over