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Author Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)  (Read 262993 times)
suchmoon (OP)
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October 03, 2014, 12:42:48 AM
 #2261

Anyone find it weird that hashlets are turning into farmville? You have to log in multiple times per day to get max efficiency. Why not have all that stuff auto-enable by default?  Huh

It's like mail-in rebates and similar promotional garbage. The expectation is that some users won't bother or won't be able to use it, as opposed to automated discount/boost/whatever.

With the double-dip its even worse because you can't really take full advantage even if you try - it won't allow you to set the second pool until full 24 hours have elapsed after the previous DD start, so the interval will creep at least a few seconds and possibly more every day, depending on how much babysitting you can afford. To make it as advertised ("you can use this amp every single day") the rule should be "no more than once in any calendar day", giving a ~12 hour window every day to do this.
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October 03, 2014, 12:53:34 AM
 #2262


@Hazir...: ...nobody is forcing you to read my post(s) ...

If you don't find anything useful in them...click "Ignore" ...and go buy more hashlets, buddy... Grin

EDIT...: ...So, Hazir ...what is your opinion / definition of Hashlet(s) ...could you elaborate, PLEASE... Wink

ZiG

Looks like you haven't been reading people's responses. The hashlet has been already explained in a number of threads, this included, but since you obviously have a lot of time to repeat the same question, you'll  find a spare minute to use the search function.

ZiG knows this, as do i, the point is GAW have broken many promises, and at this point, things are not looking well for many... thankfully, i don't have much skin in that game at all - actually i may achieve roi before the scam falls apart or whatever, i'm just tired of their daily stupid drama bs..

ANyhow.. Some other poor GAW-ster accidently sold 4000 USD worth of hashlets on the market for (yes, i'm not kidding) 21.00 USD.. and get this, gaw apparently told him, sorry, all sales final, your out of luck... So, the guy is praying that the loser who bought 4k worth of Mh for 20 USD has a soul and posts to his thread.   (WTF kind of company is that)... anyhow, I give up, i'm done logging in, just keep sending me btc daily thanks... :\  

Edit - i've not checked out the guys latest update, i'll have to go check it out now.. imagine losing 4k because of some shitty website code, and being slightly careless & tired? sure, it's absolutely his fault, but it's also GAW's for having crappy web interface shit code my 5 year old could have written better with more prompts and clear "Hey, are you sure?" kind of basic bs. :S  

To be fair to GAW it is seller's fault for not paying attention and I can't imagine e.g. Cryptsy refunding you if you sold something at below "market" price. However if GAW had a proper exchange interface with bid/ask this wouldn't happen, worst case it could have eaten through some low bids depending on market depth, but not at 1/200 of the price. And all pricing should be based on 1 MH/s, that's what everybody understands and looks for.
ZiG
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October 03, 2014, 02:07:14 AM
 #2263

So why is the LTC Pool payout for 12 hours lower than 50% of the LTC Pool payout rate shown by GAW?  It should be close to .003 even accounting for pool fees but instead is almost half that.

I would be interested if you could look at your boosted miner acitivity detail and see if there is a similar shorting of payouts on the dd pools.

Same here, nowhere near 50%. Between 25-30% roughly. Initially I thought it was because I started DD late in the day, so that maybe only half of it was within the day the payout was for. But then the rest of the DD should be in the next day, making it +50% but after a few days it's clear that it isn't.

And it's the same whether I have LTC Pool as primary and ZenPool as secondary or the other way around.

I'm filing a support ticket for every day I'm seeing this but I don't hold much hope. I still have unanswered tickets from two weeks ago Grin


Guys,

Do you understand that you are wasting you time ...and energy + money ... IN SOME VIRTUAL GAME / CASINO type of thing... Huh Huh Huh

Better start playing Poker ...for example... Wink

Good luck,

ZiG

And you are wasting time repeating this "virtual game" mantra. I guess some people just need to do their daily complaining routine to feel better.

@Hazir...: ...nobody is forcing you to read my post(s) ...

If you don't find anything useful in them...click "Ignore" ...and go buy more hashlets, buddy... Grin

EDIT...: ...So, Hazir ...what is your opinion / definition of Hashlet(s) ...could you elaborate, PLEASE... Wink

ZiG

Looks like you haven't been reading people's responses. The hashlet has been already explained in a number of threads, this included, but since you obviously have a lot of time to repeat the same question, you'll  find a spare minute to use the search function.

Hazir...again I am calling you by name...like the previous question...which means I am trying to talk to YOU ...ask YOU a question in PERSON ...about YOUR PERSONAL opinion...NOT about other people opinions...

I know exactly what is/are Hashlet(s) ...according to GAW nonsense...have been following them since the beginning ...including here...and have been expressing freely my thoughts in the progress of this BS...

NOW is YOUR turn...let's try again... Grin

"...So, Hazir ...what is YOUR PERSONAL opinion / definition of Hashlet(s) ...thoughts ...could you elaborate, PLEASE..." Wink

Cheers,

ZiG

EDIT...: To make it clear...I have bought many SHIPPED miners from GAW...and think that they have been a excellent RESELLER of real, tangible GOODS ...but Hashlet(s)...NO, thanks...I'll pass on these... Wink
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October 03, 2014, 02:58:45 AM
 #2264

If you are interested in my opinion, here it is:  I don't agree with you that it's a "game" or a "casino", I see them as any other cloud mining company and hashlets as any other contracts, and personally have nothing against any of them.


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ZiG
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October 03, 2014, 03:50:13 AM
 #2265

If you are interested in my opinion, here it is:  I don't agree with you that it's a "game" or a "casino", I see them as any other cloud mining company and hashlets as any other contracts, and personally have nothing against any of them.

OK...it's fine with me...

Let's "agree to disagree" ...which is to have a different opinions...That's ALL... Grin

Thanks for your answer...

ZiG
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October 03, 2014, 04:57:19 PM
 #2266

Logging in once a day to achieve maximum efficency isn't quite farmville.   If you have to log in more then once to achieve max return, then you as the user are doing it wrong.
dekodoge
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October 03, 2014, 05:21:38 PM
 #2267

Logging in once a day to achieve maximum efficency isn't quite farmville.   If you have to log in more then once to achieve max return, then you as the user are doing it wrong.

Now if they had a API you could automate it all.
suchmoon (OP)
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October 04, 2014, 12:18:48 AM
 #2268

So if I'm reading this right we will have two levels of buy back prices for primes. We are all hoping that the lower price will still be $40 and the higher price will be perhaps $45, right?  Wink

Edit - just to clarify why I have a smiley there. It was claimed by GAW and I believe reiterated during the video-call-thingie that there is enough demand for Primes to absorb all buy-backs. It was also claimed that Primes will be taken out of circulation. All that IMHO doesn't really fit with the dual-level pricing and "faster"/"slower" buy back options.

https://hashtalk.org/topic/9843/mid-sprint-bugs-enhancements

Quote
A user will have the option to have the Prime Hashlet (of their choice) immediately bought back by us for a set price. After confirming, the Prime Hashlet will disappear and the credit will be applied to the user account. We believe this will satisfy the majority of the users that have been wondering about how this feature will work.
A user will have the option to have a Prime Hashlet (of their choice) bought by the community in an Incremental Per MH Program. When a user places a Hashlet Prime up for sale, the total MH of the Prime Hashlet will go in a pool of MH to be purchased by users buying Prime Hashlets in ZenCloud and www.gawminers.com. This option is great for customers who want to sell some or all of their Hashlet Prime in a given time period for a higher price than the Buy Back Program (but all MH may not sell immediately because this scenario uses First-In-First-Out logic to determine who’s MH get’s purchased first in a per/MH instance).
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October 04, 2014, 12:50:11 AM
 #2269

I think it is a pretty safe bet that the higher price for prime buybacks will be the $39.96 price or there about.   The instant buyback is likely to be more like $25, but hey, it will be instant!  Tongue
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October 04, 2014, 03:28:52 PM
 #2270

I've now "lost" my split 250 Gh/s. The rest of the two converted S3's are still there. But it's not there nor is there a daily payout, but most relevant, no payment for the sold hashlets. So I've opened a ticket. Anyone else the same problem?
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October 04, 2014, 06:38:06 PM
 #2271

Yes, they dont pay for the sold hashlets.
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October 04, 2014, 07:49:39 PM
 #2272

ROI is looking pretty grim at these BTC prices.
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October 05, 2014, 03:22:12 AM
 #2273

ROI is looking pretty grim at these BTC prices.
Typically your target (ROI) should be to get back coins you spent on the miner and then some.
A month ago the price was $450 today $350, who knows maybe next month we see $700.

If you paid in BTC then perhaps, if you paid in fiat then not at all.

Regardless, if you paid in BTC then you would make more by buying BTC (or holding) if the price is to double to $700 then you would from slowly chipping away at your buy-in.

Too bad the GAW fees (mine with no pool fees forever!) are in USD, so you are now paying 40%+ of your daily mining in fiat.
suchmoon (OP)
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October 05, 2014, 04:05:37 AM
 #2274

USD

That's the main issue with these daily fees. For hardware miners I'm typically calculating my ROI in BTC, and I'm assessing my fiat-based costs - e.g. electric for self-hosted, or hosting for colo - at the time of purchase. So the ROI depends on only one factor - amount of BTC mined (basically difficulty). I don't have to ever worry about BTC/USD exchange rate, other than perhaps buying a few BTCs when it drops by another $50.

This is not an option with hashlets, which carry the risk of BTC/USD exchange rate every day. Didn't seem like a big issue when I bought them (~$500) but sure is killing it now (~$330). Lesson learned.
suchmoon (OP)
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October 05, 2014, 04:09:19 AM
 #2275

I'm trying to think positive and count ROI in coins. The price drop made it impossible for me to profit in USD, unless there's another bubble.
So, if we consider Bitcoin money then I'm still making it  Cheesy


Except that you are making a lot less of it due to the fiat-based daily fee taking an ever increasing %-age of earnings. I wish they had an option to prepay fees at the time of purchase (or any time really, there is no difference to GAW as far as I can see).
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October 05, 2014, 07:11:29 AM
 #2276

Yes, they dont pay for the sold hashlets.

As in "that's a known bug they're working on" or "nah we don't pay for hashlets" Wink
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October 05, 2014, 07:33:24 AM
 #2277

Yes, they dont pay for the sold hashlets.

As in "that's a known bug they're working on" or "nah we don't pay for hashlets" Wink

That's probably more like "real programmers don't use transactions" Smiley

Not just sold hashlets but all sorts of voodoo tricks seem too be going on. Check out the support section on hashtalk, it's quite sad.

But they are "rewriting the database", whatever that means. I have stopped trying to sell or split or merge my stuff until it's all sorted out.
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October 05, 2014, 07:58:36 AM
 #2278

Yes, they dont pay for the sold hashlets.

As in "that's a known bug they're working on" or "nah we don't pay for hashlets" Wink

That's probably more like "real programmers don't use transactions" Smiley

Not just sold hashlets but all sorts of voodoo tricks seem too be going on. Check out the support section on hashtalk, it's quite sad.

But they are "rewriting the database", whatever that means. I have stopped trying to sell or split or merge my stuff until it's all sorted out.

Funny thing is that on another account a split 100 Gh/s were successfully sold right around the same time. So that account hit ROI. Now let's see what happens with the tickets Wink

I'll check the HT sections. Try to avoid that forum to save on time and annoyance Wink
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October 05, 2014, 07:59:18 AM
 #2279


Funny thing is that on another account a split 100 Gh/s were successfully sold right around the same time. So that account hit ROI. Now let's see what happens with the tickets Wink

I'll check the HT sections. Try to avoid that forum to save on time and annoyance Wink
How long were those for sale?
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October 05, 2014, 08:23:42 AM
 #2280


Funny thing is that on another account a split 100 Gh/s were successfully sold right around the same time. So that account hit ROI. Now let's see what happens with the tickets Wink

I'll check the HT sections. Try to avoid that forum to save on time and annoyance Wink
How long were those for sale?

About a day, maybe two.
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