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Author Topic: ZenCloud Hashlets  (Read 1544 times)
dovewars
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October 26, 2014, 05:20:31 PM
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Bought Some Zencloud Hashlets from GawMiners 5 days ago. last two days they made losses... kinda worry watching the balance go down! Has anyone experienced that?

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philipma1957
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October 26, 2014, 07:28:36 PM
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first off this should be in alt coin mining section.

next this will continue to happen due to btc price being low. good luck hope for price to jump up.

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October 26, 2014, 09:25:00 PM
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Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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October 26, 2014, 10:06:36 PM
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first off this should be in alt coin mining section.

next this will continue to happen due to btc price being low. good luck hope for price to jump up.
They are selling hashlets that mine bitcoins, so it depends which one he bought.
 GAW is not the only cloud company that noticed a drop in payouts this month. If you bought coins instead of a contract you wouldn't be doing much better.

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October 27, 2014, 02:47:14 PM
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thats why I sold everything at GAW because of Fees and weekly announcements about this and that...make everything too complicated.

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October 27, 2014, 02:49:58 PM
 #6

Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

So that 39.08% must all be profit since the hashlet cost nothing?

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dovewars
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October 27, 2014, 03:14:23 PM
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Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

I have multiHashlets, and they have been preventing loss by reducing the maintenance fee, but thats now two days in a row they have done that.
I have a 10GHS genesisHashlet and its doing ok.
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October 27, 2014, 04:57:16 PM
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Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

So that 39.08% must all be profit since the hashlet cost nothing?
I wasn't engaging in an ROI discussion, so the initial cost of the Hashlet was irrelevant.  OP stated his Hashlet payouts for the past 2 days are at a loss, which would indicate he's paying more in fees than the Hashlets are earning over the 24 hour payout period.  I just pointed out that for the ZenHashlet, even though the fees are a ridiculous percentage, it's not a loss.  Even the lowest-paying Hashlet does not generate a loss - currently it pays 0.00025575BTC per MH/s and with BTC at $350 and $0.08 fee per MH/s, fees equal 0.00022857BTC per MH/s.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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October 27, 2014, 06:01:21 PM
 #9

Payouts are low due to ZenPool being lower than it was a week ago.  Payouts are low because BTC price is down, which directly affects your fees.  However, ZenHashlets, should most certainly not be hashing at a loss.  As of right now, 1MH/s ZenHashlet will earn 0.00037521BTC.  The $0.08 fee with BTC at $350 is 0.00022857BTC.

Yup, you're paying 60.92% in fees, but hey... it's not a loss! Tongue

So that 39.08% must all be profit since the hashlet cost nothing?
I wasn't engaging in an ROI discussion, so the initial cost of the Hashlet was irrelevant.  OP stated his Hashlet payouts for the past 2 days are at a loss, which would indicate he's paying more in fees than the Hashlets are earning over the 24 hour payout period.  I just pointed out that for the ZenHashlet, even though the fees are a ridiculous percentage, it's not a loss.  Even the lowest-paying Hashlet does not generate a loss - currently it pays 0.00025575BTC per MH/s and with BTC at $350 and $0.08 fee per MH/s, fees equal 0.00022857BTC per MH/s.
True, I got a very nice profit out of my hashlets, although I'd think twice before investing in any cloud mining at the moment. Invest only if you believe in bitcoin and believe it will go up in the coming months.

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October 28, 2014, 10:23:55 PM
 #10

The payout has been off slightly the past few days so it could be that.

Also with the Zen you'll be able to mine hashpoints from today or tomorrow, so you'll be able to get Hashcoins in the ICO!

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