What hardware is behind "HASHLET"?

[Xer0]

are the power fees deducted from your mined balance?
or have to be loaded into the account regularly?

[suchmoon]

are the power fees deducted from your mined balance?
or have to be loaded into the account regularly?

I believe they are deducted from the mined amount. I don't see any maintenance fees in my transaction log, so the payout must be already reduced by the time it hits my account.

[Koontas]

are the power fees deducted from your mined balance?
or have to be loaded into the account regularly?

I believe they are deducted from the mined amount. I don't see any maintenance fees in my transaction log, so the payout must be already reduced by the time it hits my account.

Yea, not a whole lot of transparency right now...  Hopefully that changes and we'll be able to see what we're paying in fees.

[unitedminers]

1. The Zenpool pay out looks great at 0.00065924 BTC/MHs/day but how do they achieve such a high pay out while Waffle and Nicehash achieve only 0.00026 or 0.00038?

2. If I pay 16$ per MHs, do I own a miner with e.g. 1MHs or do I rent the hashing power for 1 year? Really not much transparency

[philipma1957]

1. The Zenpool pay out looks great at 0.00065924 BTC/MHs/day but how do they achieve such a high pay out while Waffle and Nicehash achieve only 0.00026 or 0.00038?

2. If I pay 16$ per MHs, do I own a miner with e.g. 1MHs or do I rent the hashing power for 1 year? Really not much transparency

 it is rental.  If you buy from them use a cc and don't just buy hashlets.

buy some "real" gear from them.

their s-3 price is okay.  once you fully analyze the cost of an s-3 .

they want 499 for an s-3  

use code welcometogaw for 10$ off

or use code gaw25 for 25$ off.

say the better code works you pay 474  use a cc get 60 day protection.

it will hash today.  

free power for 30 days  that is worth 25-30  bucks  so 474- 25 = 449 usd

free use of psu that is worth 50 bucks  so 449-50 =  399  real cost and it will mine today.

it earns 4740 points  in a few days buy a couple of hashlets 2 for 32 usd you get 320 point plus the 4740 points = 5000 points cash that in for 10 bucks buy 1 more haslet for 16 -10 = 6

So out of pocket  with a cc you spent 474 + 32 + 6 = 512 usd

you get an s-3 and you get 3mh of scrypt  all cc protected against fraud.

[suchmoon]

are the power fees deducted from your mined balance?
or have to be loaded into the account regularly?

I believe they are deducted from the mined amount. I don't see any maintenance fees in my transaction log, so the payout must be already reduced by the time it hits my account.

Correction: now on my second day there is a separate transaction for the fee:

Service Charge account service fee -0.00016128 BTC

That's for a 1 MH/s hashlet. It earned ~0.00068, so the fee is about 25%.

[notlist3d]

1. The Zenpool pay out looks great at 0.00065924 BTC/MHs/day but how do they achieve such a high pay out while Waffle and Nicehash achieve only 0.00026 or 0.00038?

2. If I pay 16$ per MHs, do I own a miner with e.g. 1MHs or do I rent the hashing power for 1 year? Really not much transparency

Do they have a daily payout chart for "Zenpool" I'm intrested in seeing it's earnings with all the hype they are giving it.  A week or so of payouts would be interesting to see the days.

Thanks if anyone posts

[suchmoon]

1. The Zenpool pay out looks great at 0.00065924 BTC/MHs/day but how do they achieve such a high pay out while Waffle and Nicehash achieve only 0.00026 or 0.00038?

2. If I pay 16$ per MHs, do I own a miner with e.g. 1MHs or do I rent the hashing power for 1 year? Really not much transparency

Do they have a daily payout chart for "Zenpool" I'm intrested in seeing it's earnings with all the hype they are giving it.  A week or so of payouts would be interesting to see the days.

Thanks if anyone posts

Well they only started selling them two days ago, so there is only one full day of earnings so far. It's ~0.00068 per MH/s. There is no chart on GAW/Zen site as far as I can see.

[unitedminers]

1. The Zenpool pay out looks great at 0.00065924 BTC/MHs/day but how do they achieve such a high pay out while Waffle and Nicehash achieve only 0.00026 or 0.00038?

2. If I pay 16$ per MHs, do I own a miner with e.g. 1MHs or do I rent the hashing power for 1 year? Really not much transparency

 it is rental.  If you buy from them use a cc and don't just buy hashlets.

buy some "real" gear from them.

their s-3 price is okay.  once you fully analyze the cost of an s-3 .

they want 499 for an s-3  

use code welcometogaw for 10$ off

or use code gaw25 for 25$ off.

say the better code works you pay 474  use a cc get 60 day protection.

it will hash today.  

free power for 30 days  that is worth 25-30  bucks  so 474- 25 = 449 usd

free use of psu that is worth 50 bucks  so 449-50 =  399  real cost and it will mine today.

it earns 4740 points  in a few days buy a couple of hashlets 2 for 32 usd you get 320 point plus the 4740 points = 5000 points cash that in for 10 bucks buy 1 more haslet for 16 -10 = 6

So out of pocket  with a cc you spent 474 + 32 + 6 = 512 usd

you get an s-3 and you get 3mh of scrypt  all cc protected against fraud.

Thanks for all this info !!!!! But what is cc?

BTW I can't find any "S-3" at http://gawminers.com/collections/all-miners

[bitgeek]

1. The Zenpool pay out looks great at 0.00065924 BTC/MHs/day but how do they achieve such a high pay out while Waffle and Nicehash achieve only 0.00026 or 0.00038?

2. If I pay 16$ per MHs, do I own a miner with e.g. 1MHs or do I rent the hashing power for 1 year? Really not much transparency

 it is rental.  If you buy from them use a cc and don't just buy hashlets.

buy some "real" gear from them.

their s-3 price is okay.  once you fully analyze the cost of an s-3 .

they want 499 for an s-3  

use code welcometogaw for 10$ off

or use code gaw25 for 25$ off.

say the better code works you pay 474  use a cc get 60 day protection.

it will hash today.  

free power for 30 days  that is worth 25-30  bucks  so 474- 25 = 449 usd

free use of psu that is worth 50 bucks  so 449-50 =  399  real cost and it will mine today.

it earns 4740 points  in a few days buy a couple of hashlets 2 for 32 usd you get 320 point plus the 4740 points = 5000 points cash that in for 10 bucks buy 1 more haslet for 16 -10 = 6

So out of pocket  with a cc you spent 474 + 32 + 6 = 512 usd

you get an s-3 and you get 3mh of scrypt  all cc protected against fraud.

Thanks for all this info !!!!! But what is cc?

BTW I can't find any "S-3" at http://gawminers.com/collections/all-miners

They are either updating the store as we speak or sold them all. S3 is the most profitable bitcoin miner on the market, no wonder they went so fast.

[DRCR]

Do they charge maintenance fees on hashlets? Maybe I should've checked before I bought

Yes, 8 cents per MH per day.

[GAW_Amber]

Hi Everyone!!

For those of you who do not know me, I am Amber the GAWMiners Community Relations Manager.

You all have very valid questions! We are working hard to make sure our site is very clear.
Please join us at https://hashtalk.org/t/questions-you-have/6487 to submit your questions and/or find the answers you are looking for!

You can always email me at amber@gawminers.com!

I look forward to talking to you!

Sincerely,
Amber

[bennynjetz]

Yes as far as what I've seen thus far, it's $.08 per Mh/s per day. That is with ZenPool anyway. I tried it out with 1 Mh/s and of course greed took over and I purchased another 6 Mh/s  

Here's a question: what is the advantage of using this cloud service which mines with Mh/s instead of Gh/s? I've been cloud mining with PB Mining and LOVE it! Hardware mining with Antminer S1's. All are doing well, so I thought I'd get in on the Hashlets as well since I love to diversify. So which is better? Is it just a matter of opinion or is there a significant difference? Obviously, I want to maximize profits and be as efficient as possible.

[blg425]

I am enjoying my 50 MH/s. I am thinking of purchasing 2 100MH/s hashlets later today.

[bennynjetz]

I am enjoying my 50 MH/s. I am thinking of purchasing 2 100MH/s hashlets later today.

Do you also cloud hash elsewhere? If so, where and are you enjoying your hashlets more than the other(s)? I even have Gh/s in CEX and Bitcoin Cloud Services, which has its own set of idiosyncrasies haha

[blg425]

I am enjoying my 50 MH/s. I am thinking of purchasing 2 100MH/s hashlets later today.

Do you also cloud hash elsewhere? If so, where and are you enjoying your hashlets more than the other(s)? I even have Gh/s in CEX and Bitcoin Cloud Services, which has its own set of idiosyncrasies haha

I used CEX for a little while but never bought too much hash power. Right now this is the most profitable for BTC because it mines scrypt, then auto exchanges to BTC.

[bennynjetz]

I am enjoying my 50 MH/s. I am thinking of purchasing 2 100MH/s hashlets later today.

Do you also cloud hash elsewhere? If so, where and are you enjoying your hashlets more than the other(s)? I even have Gh/s in CEX and Bitcoin Cloud Services, which has its own set of idiosyncrasies haha

I used CEX for a little while but never bought too much hash power. Right now this is the most profitable for BTC because it mines scrypt, then auto exchanges to BTC.

Yeah that's why I got into it myself. I love that aspect of it. I'm curious to see your results and the results of others with the different pools within hashlet. Overall, it's just fun. Especially when you have hash rate spread out over a lot of different services. Now if BTC will just get back up (and over) $1200 the fun can really start 

[blg425]

Yes, I have only been mining the ZenPool with my hashlet. Right now the price of BTC is low so I am getting more BTC when I get my payouts. Hopefully the price will go to $1200+ later this year

[bennynjetz]

Yes, I have only been mining the ZenPool with my hashlet. Right now the price of BTC is low so I am getting more BTC when I get my payouts. Hopefully the price will go to $1200+ later this year

Same here (it's like we are living parallel lives). I've been purchasing more BTC with every "flash crash". Best time to hop on it! I really don't see BTC going much below what it is now. That is my HOPE anyway

[patrike]

Right now this is the most profitable for BTC because it mines scrypt, then auto exchanges to BTC.

The question is for how long it will be more profitable. With every Hashlet being added, the Litecoin (and other...) difficulty increases and because of the automatic exchange to BTC, it also creates more and more selling pressure on Litecoin making the price go down.