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Board Service Discussion
Re: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)
by
FlexHash
on 28/08/2014, 22:56:12 UTC
One easy way to prove once and for all its real....

Ownership of the block address

If they are mining coins, then they are finding blocks. Then those blocks's coinbase tx (vtx[0]) will contain their wallet address

They merely need to sign a message using an address found in one of their blocks to prove that they are mining.

Then, the block chain can be analysed, and a lot of those blocks should be found. They will 100% be able to provide all addresses for every coin they mine - as they will have received the coins.

This causes them 0 security risk and no personal information is required.

So.... Hashlets... PROVE YOU ARE MINING


note: If they are just trading money for money and "fabricating that people are renting a miner" - thats deceptive purchasing - and misleading the buyer is usually illegal. Regardless of whether or not people are making money from it.

Ultimately, if they are trading - and their trades are better than any multipool's payouts - they should just be honest about it.

Be like "pay us to make you more coins than you can mine anywhere"

Second on this.  

I was not trying to say "My mining farm is bigger than yours". What I want to say is that, GAW does not have a proper mining farm, their tiny mining farm cannot support their claimed hashing rate.  

Legal or not, I roughly know how many miners they have purchased in the past.  Far far less than Hashlet claimed. On top of that, they were a resellers, they claim they have earned a lot of money by selling physical miners, so they will only have a small amount of miners for hashlet.

Also, they have not order miners from any of those Scrypt ASIC manufacturers for at least a couple of months (yes, I have talked to all four of them). How can GAW kept growing their farm with no new hardware?

If you really believe that GAW is capable of making their own secret scrypt ASIC chips (the vaultbreaker? ) then do some research and you will understand how difficult it is and why so many ASIC manufacturers failed to deliver.  Even if they could outsource everything, still it will take many months.   GAW only became a gridseed reseller in April. back then Josh was trying to team up with other small resellers to meet Gridseed's minimum order size. A couple of months later they started selling re-branded Zeus miners and pretend to be an ASIC manufacturer.