BCPB's Hashlet Investment

[BitCoinPokerBro]

Assuming Hashlet's purchased through the zenmarket automatically subtract fee's before payment whereas if purchased from GAW they subtract maintenance fee from account funds.

The difference is $0.08 which is the daily maintenance fee



Below are the stats from my first hashlet purchase from GAW's website

As you can see the maintenance fee is subtracted from current balance instead of automatically figured before daily payment if purchased from GAW. IMHO it's much more convenient (and faster) to purchase from Zenmarket unless placing a large enough order to qualify for GAW's discount.

Today at 4:32 AM   Payout   0.00062335 BTC   
Today at 4:30 AM   Maintenance Fee      -0.00015712 BTC
Today at 3:49 AM         -0.03151629 BTC
Today at 3:49 AM         -0.03153228 BTC
Today at 2:16 AM   Fund Account   0.06608 BTC   
Yesterday at 5:01 AM   Payout   0.00067603 BTC   
Yesterday at 4:58 AM   Maintenance Fee      -0.00015744 BTC
Last Thursday at 2:55 AM   

[BitCoinPokerBro]

Had fun naming my new miners



All except Ragnarök are named after Viking gods -

In Norse mythology, Ragnarök is a series of future events, including a great battle foretold to ultimately result in the death of a number of major figures (including the gods Odin, Thor, Týr, Freyr, Heimdallr, and Loki), the occurrence of various natural disasters, and the subsequent submersion of the world in water. Afterward, the world will resurface anew and fertile, the surviving and returning gods will meet, and the world will be repopulated by two human survivors. Ragnarök is an important event in the Norse canon, and has been the subject of scholarly discourse and theory.

http://en.wikipedia.org/wiki/Ragnar%C3%B6k

[bitgeek]

Creative names. Hope they will give you godly incomes

[BitCoinPokerBro]

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[BitCoinPokerBro]

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[verloren]

As a final note Hash Points (previously Zen Points) are the new Gaw reward system. Yesterday 2 HP and today 1 were deposited about 15m before the daily BTC payment. Since 3 HP is worth a discount of BTC0.01597358 ($8.037) or 1 HP BTC0.005324 ($2.68) IF they pay 1-2 daily I would earn a new Hashlet every week depending on btc price. Although this really wouldn't make sense because points are earned by purchasing equipment/hashlet/etc and holding btc at a rate of 7-11%/year or 0.03% daily. In any case odds are more likely these points were some sort of reward for purchasing 23 more Hashlet.

Why have HashPoint deposits been so large? With only about $400 in Hashlet purchases and less than $25 in BTC balance each point dividend should be about 12 cents daily based on the above source. Not that I'm complaining of course!

Day 1 - 2 HP
Day 2 - 1 HP
Day 3 - 5 HP

1 more HP and I will have enough to purchase a free MH. Consider this, a new hashlet every 4-8 days is 4-8 more MH's each month 100% free. Which at current rates would collectively earn $1-2 a day
or mBTC 2-4 all 100% free. Although at this point HP earnings haven't exactly been consistent. 1 HP a day for 9 days will buy 1 MH so at least 3 per month minimum. Would be awesome if we could purchase from the gaw store. For example imagine buying a Antminer S3 or any current generation bitcoin miner or preorder next gen with free points.

I'm not sure where you are getting these calculations...

I have 192HP. Looking at the ZenMarket Payout for 1Hashlet (1MH) = 0.03952023BTC.

After deducting my HP, I end up with a final price of 0.03932823BTC.

Thus, 1HP = 0.000001BTC in the store.

[BitCoinPokerBro]

As a final note Hash Points (previously Zen Points) are the new Gaw reward system. Yesterday 2 HP and today 1 were deposited about 15m before the daily BTC payment. Since 3 HP is worth a discount of BTC0.01597358 ($8.037) or 1 HP BTC0.005324 ($2.68) IF they pay 1-2 daily I would earn a new Hashlet every week depending on btc price. Although this really wouldn't make sense because points are earned by purchasing equipment/hashlet/etc and holding btc at a rate of 7-11%/year or 0.03% daily. In any case odds are more likely these points were some sort of reward for purchasing 23 more Hashlet.

Why have HashPoint deposits been so large? With only about $400 in Hashlet purchases and less than $25 in BTC balance each point dividend should be about 12 cents daily based on the above source. Not that I'm complaining of course!

Day 1 - 2 HP
Day 2 - 1 HP
Day 3 - 5 HP

1 more HP and I will have enough to purchase a free MH. Consider this, a new hashlet every 4-8 days is 4-8 more MH's each month 100% free. Which at current rates would collectively earn $1-2 a day
or mBTC 2-4 all 100% free. Although at this point HP earnings haven't exactly been consistent. 1 HP a day for 9 days will buy 1 MH so at least 3 per month minimum. Would be awesome if we could purchase from the gaw store. For example imagine buying a Antminer S3 or any current generation bitcoin miner or preorder next gen with free points.

I'm not sure where you are getting these calculations...

I have 192HP. Looking at the ZenMarket Payout for 1Hashlet (1MH) = 0.03952023BTC.

After deducting my HP, I end up with a final price of 0.03932823BTC.

Thus, 1HP = 0.000001BTC in the store.

1HP = 100 Satoshi my bad

[BRUCELLA]

I think you make a mistake. I have made it too.

Total cost is the cost total -> ok
Deduction in BTC is not the bonus of your HP but it's the BTC in your account deducted for this purchase. I think when you have took the screenshot, you have 0.03635442 btc on you account.

Total required is the amount of BTC you need to send on your account to buy this product. It's Total cost - bonus HP (in btc) - Deduction in BTC (you btc in your account).

[BitCoinPokerBro]

I think you make a mistake. I have made it too.

Total cost is the cost total -> ok
Deduction in BTC is not the bonus of your HP but it's the BTC in your account deducted for this purchase. I think when you have took the screenshot, you have 0.03635442 btc on you account.

Total required is the amount of BTC you need to send on your account to buy this product. It's Total cost - bonus HP (in btc) - Deduction in BTC (you btc in your account).

 I feel so stupid! The deduction is equal to the exact amount of my balance.

[verloren]

I think you make a mistake. I have made it too.

Total cost is the cost total -> ok
Deduction in BTC is not the bonus of your HP but it's the BTC in your account deducted for this purchase. I think when you have took the screenshot, you have 0.03635442 btc on you account.

Total required is the amount of BTC you need to send on your account to buy this product. It's Total cost - bonus HP (in btc) - Deduction in BTC (you btc in your account).

I feel so stupid! The deduction is equal to the exact amount of my balance.

No worries. At least we fixed it before it went on for too long.

Some guys on Hashtalk were talking about sticking 300BTC into their Zen Wallet so they could get a Hashlet a day. =S

[BitCoinPokerBro]

The way it's worded is a bit odd though you have to agree. Deduction in hashpoints, deduction in BTC, additional required BTC. Saying it in that order sounds like they are converting HP to bitcoin value then stating the remaining btc required. Perhaps this was done on purpose to trigger more sales?

Many thanks verloren and brucella, If you hadn't stepped in to explain I'd have spent all my earnings on another hashlet tomorrow.

[verloren]

The way it's worded is a bit odd though you have to agree. Deduction in hashpoints, deduction in BTC, additional required BTC.

It is a bit fuzzy. The wording could be clearer for the first two, although the additional required BTC part is pretty easy to understand (top up).

Saying it in that order sounds like they are converting HP to bitcoin value then stating the remaining btc required. Perhaps this was done on purpose to trigger more sales?

I'm not sure if they really need to trigger more sales. They already do so each time they mention increasing the price of the Hashlet. There also is the ease of payment, comparatively cheaper entry for the crypto ecosystem and earlier anticipated ROI (vs CEX for the latter two).

[kingscrown]

ive made hashlets review with full GUI testing - http://fuk.io/gawminers-zencloud-hashlets-review-and-setup-guide-best-cloud-mining-scrypt-system-to-up-the-date/