50 mh/s Hashlet Prime statistics(15 days)

[seedtrue]

Edited months later after GAW has changed business models and is now more than likely a complete Ponzi/Scam. AVOID GAWMINERS.

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[kotarius]

Don't count in FIAT. Convert $799.99 to BTC, then start your ROI projections.

[fire000]

Don't count in FIAT. Convert $799.99 to BTC, then start your ROI projections.

if he paid in cash he needs to work to cash to get his roi as the btc value changes if it was paid in btc then ya work to btc

[seedtrue]

Don't count in FIAT. Convert $799.99 to BTC, then start your ROI projections.

if he paid in cash he needs to work to cash to get his roi as the btc value changes if it was paid in btc then ya work to btc

That is correct. I paid in USD so I am keeping my prices in USD. I have not sold the BTC yet so the prices fluctuate. I update the value each day when I add the new earnings. If I sell some BTC for USD I will have a place to put those totals as well.

[kotarius]

You get paid out in BTC, you need to measure your opportunity cost in BTC, therefore you must convert your initial investment into BTC to check for your opportunity cost loss.

GAW is counting on the fact that you won't, because BTC is an appreciating asset and your opportunity cost loss will go un-noticed unless you do the above step.

[bitgeek]

You get paid out in BTC, you need to measure your opportunity cost in BTC, therefore you must convert your initial investment into BTC to check for your opportunity cost loss.

GAW is counting on the fact that you won't, because BTC is an appreciating asset and your opportunity cost loss will go un-noticed unless you do the above step.

LOL where did you get this info? If he paid in USD he wants to get the same amount of USD to ROI, if he paid in BTC he would've counted it in BTC.

About BTC beins an appreciating asset, I advise you to check the bitcoin price charts from the last 6 months.

[melt7777]

1 BTC always equals 1 BTC. So for the purposes of comparing your ROI, i agree with kotarius, it is way easier to see yourself reaching the finish line if everything is in BTC since you are earning BTC. Cashing out to USD doesn't have to happen. Thank you for your help kotarius as that method helped me originally when I was doing these calculations.

[notlist3d]

Thanks for doing this.  Will be interesting to see results over time.   I was wondering how hashlets would pay out over time.

[BitCoinPokerBro]

I have 3mh's 

[xXTMC3Xx]

Looks like there is some profitable mining out there.

[seedtrue]

You get paid out in BTC, you need to measure your opportunity cost in BTC, therefore you must convert your initial investment into BTC to check for your opportunity cost loss.

GAW is counting on the fact that you won't, because BTC is an appreciating asset and your opportunity cost loss will go un-noticed unless you do the above step.

Okay I altered it to have BTC or USD at the current prices. Thanks for help.


Side note:

I have multiple hashlets, but for the purpose of this thread I based it on the 50 mh/s one I have since it is the biggest.

All the names were auto-generated.

[ninjaboon]

I have 3mh's 

I just got 25 mhs

[cxboyminer]

I have 6MH, interest to see how it goes

[seedtrue]

1 week into it and I have earned over 11% back. I really hope these profits can maintain.

[bit_NINj4]

If GAW follows their trend of screwing customers, you'll see a 60% decrease in hashlet price within 2 months and an increase in difficulty so high that you might make it out with 50% return before your hashlet(s) are worthless.

Congrats!

[bitgeek]

If GAW follows their trend of screwing customers, you'll see a 60% decrease in hashlet price within 2 months and an increase in difficulty so high that you might make it out with 50% return before your hashlet(s) are worthless.

Congrats!

Who was screwed? If you're interested in GAW there's a lot of threads made by their customers, just go and ask if they feel screwed.

https://bitcointalk.org/index.php?topic=752824.0
https://bitcointalk.org/index.php?topic=743152.0

[fam0us]

If GAW follows their trend of screwing customers, you'll see a 60% decrease in hashlet price within 2 months and an increase in difficulty so high that you might make it out with 50% return before your hashlet(s) are worthless.

Congrats!

Within 2 months?
Gridseed Blade price went from $1999 to $999 in just a couple of weeks!

[seedtrue]

If GAW follows their trend of screwing customers, you'll see a 60% decrease in hashlet price within 2 months and an increase in difficulty so high that you might make it out with 50% return before your hashlet(s) are worthless.

Congrats!

They actually raised in price form $15.99 --> $19.99/mh since I bought them. This 50 mh would now cost $999.99 when I only paid $799.99.

[110110101]

Interesting to see that the profit has not been a decrease, but rather steady around 0.025 BTC/day.
I've got 52 MH myself, so I hope that the trend continues. Most likely though, with the Scrypt asics (KnC) coming out soon, the difficulty will increase and payouts decrease.

[drkman]

Based on the terms of the deal.  If you bought 100mhs and but difficulty doubled and it wasn't profitable, how would you sell it back?

I guessing you can't.  Or you maybe can sell your rights to the hashlet on the open market in which it's value would be half or less?


How does that part work?

[Ztttm]

Very interesting topic. Keep watching

[febiz]

I never thought I would make ROI (tried for fun) but it's not looking that bad after all

[Dilemas]

How to do you convert your hardware to hashlets?

[febiz]

How to do you convert your hardware to hashlets?

I don't think it's possible anymore, it was a limited offer a few days ago

[seedtrue]

Based on the terms of the deal.  If you bought 100mhs and but difficulty doubled and it wasn't profitable, how would you sell it back?

I guessing you can't.  Or you maybe can sell your rights to the hashlet on the open market in which it's value would be half or less?


How does that part work?

They plan to open a market soon where we can sell/buy hashlets with other users. Currently the only way to sell them is to contact a mod on hashtalk forums and get them to transfer it.

[seedtrue]

They are charging $25 now in gawstore for each 1 mh hashlet. So the store value of my 50 mh/s hashlet is now $1249.99 when I paid $799.99. Things may be a little harder for new customers to ROI now.

[damiano]

They are charging $25 now in gawstore for each 1 mh hashlet. So the store value of my 50 mh/s hashlet is now $1249.99 when I paid $799.99. Things may be a little harder for new customers to ROI now.

I guess it's good we bought when it came out....unless they need to charge more to pay out for the zen pool...I still don't know how they are getting such incredible payouts.  Clever is at .00036/MH

[OptimusPrime7]

awesome investment, looks like 2 more months until you recover fully. Seems better then bitcoin cloud mining..

[seedtrue]

Tomorrow should have a nice payout(Wednesday night). They are doing a double hash for 12 hours promotion. So for 12 hours my 50 mh will be mining at 100 mh.

[philipma1957]

Tomorrow should have a nice payout(Wednesday night). They are doing a double hash for 12 hours promotion. So for 12 hours my 50 mh will be mining at 100 mh.

so you are the op and you have 50 shares  paid 800 for them and earned about 140 usd so far .  so you are 660 in the hole.

 if you sold  33 shares for 20 usd each you would be fully paid off.  0 dollars invested  and have 17 free shares.    this is reduction of risk and make you a certain winner.

  shares are selling for about 20-22 dollars. 

 I put in 1800 to the zen cloud   I sold off enough to pay the entire 1800. 

I am now .166 btc ahead and have 5.2mh and 1 s-3 working for me.  my threads are here

https://bitcointalk.org/index.php?topic=698679.0;all

https://bitcointalk.org/index.php?topic=743152.0

my sales on hashtalk are here

https://hashtalk.org/t/sold-okay-i-have-1-ant-s-3-to-sell-kept-open-to-show-details-are-done-correctly/8405

https://hashtalk.org/t/sold-i-have-35-37-hashlets-to-sell-kept-open-for-info-only/7213

[lucazane]

can you choose the pool ?

[seedtrue]

can you choose the pool ?

No you are only able to mine at their specific zenpool. You can pick from many different pools and they will match the payout you would have gotten from that pool.

[seedtrue]

They changed everything now. I guess mine will become "prime hashlets".

[IanFoxley]

They changed everything now. I guess mine will become "prime hashlets".

Yes and just think how much you have saved with the price you paid compared to now.

[lyth0s]

And with the instant upgrade of our hashlets into prime hashlets, you will be able to sell each MH/s for $40-45 if you wanted to reduce risk.

[seedtrue]

Edited months later after GAW has changed business models and is now more than likely a complete Ponzi/Scam.