Bitcoin Forum

What are your thoughts guys?

http://gawminers.com/pages/hashlet-genesis

I am locked out of that page. Their forum has had lots of down time.  But so far on 1800 usd invested.

 I have it all back and I have 0.27btc above the investment. Along with 6mh hashing and 1 s-3 all paid for.  So I am ahead.
 I just wish they would get the website working better. I also wish they would slow down a bit.

Wow good job man. They've locked down the site, it will be re-opened at 8:30 eastern time. I've got a few hashlets and will keep my eye out for new ones. Yeh their forum has a few issues atm.

Awesome, I bought it a  couple of days ago and they supplied me a Hashlet solo as a gift! Amazing service to be honest

I have two long threads that tell how I made the profits.  They show my main concerns.  They explain why I kept some gear and why I sold some gear.

https://bitcointalk.org/index.php?topic=698679.msg7894701#msg7894701

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

After doing calculations the Genesis Hashlet is not worth the money, I doubt it will hit ROI.

On the other hand, the Hashlet Prime and Zen are great buys.

too funny, i was just going to post this topic and ask for input and members thoughts about this product.  i guess i can tell you guys how it goes, i just bought a few to try.  i know GAW hashlets are rumored to be a pyramid---hopefully i can be near the top as this is a new product/service   =)

Yeah I've thought the same, at least we're at the start lol. On the other hand, it's a big company, bought BTC.com for 1 mil etc.

These rumors are mainly spread by 1 person who has multiple accounts on the forum. He mostly uses sockpuppets registered not more than 3 weeks ago and writes fake stories like the one where he asked his friends in the FBI to investigate GAW and he can't say anymore because they asked him not to.

Here's one of his accounts:
https://bitcointalk.org/index.php?action=profile;u=371120

As with any Cyrpto- coin company complete and total fraud is possible .  But gaw-zen has sold a lot of gear some real in fact a lot real not quite a bit of the gear is ? real digital I do not know.

I have made money with them.  So I don't go down and double . I pulled all of my original money out and about 0.3 btc in full profit.

I donated a hashlet to cryptocause and I have 5.2mh in prime shares along with a bitmaintech hosted.

the shares are a face value of 200 usd. the s-3 is worth 350 usd.  So I believe in them enough to keep over 600 usd in shares/gear.  All paid for and fully profit.

Morguk, we are at the top my brotha !  hopefully we can receive a steady trickle of revenue.  i purchased the Genesis, i keep it old school and just keep'it mining BTC. 

What's the point of the Hashlet hardware units? They seem completely pointless for cloudmining.

Well for me, the whole point is to lower my electrical cost.

After reading more about Haslets, the hardware units are completely fictional. They're just pretty pictures to put on the website. GAW is just selling cloudmining.

Hello, can you help me with choosing a hashlet? let's say I want to invest $500 how much will i earn daily if i chose Zenhashlet and Hashlet Genesis

reference the calc
http://www.bitcoinx.com/profit/

you will earn a little over $4 a day (estimate, but luck can vary greatly).  i purchased some myself yesterday.  i will be able to report more when i receive my first payment later today.  to me, it seem like a no-brainer.  there are no electrical costs--issue now is how quickly i can see an ROI if any.   

has anyone who purchased Genesis Hashlets been paid ?  i can see something that reads "Payout" for me, but it will not allow me to click on details.  and my account balance is 0.  just curious if it's uniform that all are not able to see payouts or my account is whacky ?  thanks

I tried 2 genesis Haslet before investing some more, at first I was sure it was not working, but the technical support answered me by e-mail and they said than after the haslet has worked for 24h, the payment will be at about 10-11h AM eastern time, and it was the case.

One genesis gives about 0.10 USD / day, it worth the shot to invest more.

http://gawminers.go2cloud.org/aff_c?offer_id=34&aff_id=1536 Be my affiliate on this link and youll get a bonus, for real, not only me.

USD 0.10 from what? I want to buy genesis hashlet 500 GHS how much will I earn daily?

Dizzy, read my post up above.  your question has already been answered.

Check your math because you are very wrong! Lol. That's impossible. That would be a positive ROI IN 10 days. You're off by a factor of (at least) ten.

Your inability to understand very basic math is astounding! No one is paying $10 per GHs these days. GAW Genesis is $1.00 per GHs... 500GHs for $500. And that most certainly does not return $50 per day.

My bad, its 10 $ USD for 10 GH

As seen on hashlet tab, hashlet comparison.

If one genesis gives out 10gigahash, and that this gigahash pay 0.10 usd in 24h then we have a ROI of approximately 100 days.

So for 5000 gigahash you will have 50 USD/day

For 500$ it will be 500 gigahash so 5 USD/day

Now, I'm right.

GAW Genesis Hashlets will not ROI unless they do something special. THe difficulty is increasing too fast. Even just a 15% increase in difficulty will never ROI. GAW is known for running good promotions though and if you can resell the hashlet when the marketplace opens then possibly you might ROI. Also if they run a few extra promos like double your hash. But strictly a dollar gh will not ROI

Then ajw7989 instead of genesis Hashlet I would suggest you the prime one.

Its a little costier, but your hashlet will always adapt to the newest technology, as you can see in the hashlet comparison page. No contract, no wait, lifetime.

The price for Hashlet Prime is now $49.95

49.95$? wow i paid 15.99$  ::)

It turned into a Prime, so apparently there's gonna be loads of features including scrypt-n!

the prime included an automatic migration if any new or better gear for mining are for sale. Yup even if it 49.95, 3 days ago it was 39.95 and its still benefical.

ajw, its already ROI in 100 days.

i don't get how paying $49.95 per prime scrypt mh/s is worth it ?  bitmain is coming out with the L1, which is $5 or less per mh/s soon. these primes will fall by the wayside IMO.  if i recall correctly, Bitmain and Avalon had somewhat of a price war and they lowered the cost of Gh/s back then...so i expect Bitmain to do the same to scrypt mh/s.  any thoughts ?

http://gawminers.go2cloud.org/SHH8 Click on this link go in hashlet tabs then hashlet comparison, then scroll down to see the comparison of all the hashlets. Its the best answer I can give to you.

Because the hardware upgrades over time including algo changes like scrypt-n, x11, x13 etc.

thanks, i have been out of the loop for a bit.  i have no clue WTF x11, x13 are ?  i am going to google that shit =)

Completely agree. With current numbers, i dont think the Genesis or primes can ROI, unless somehow GAW makes them bettee, as implied, though not really sure how they can do it (even the solo hashlets I'm not so sure about them)

It says it will, but it doesn't say how, so it requires a lot of trust
I'm already invested (from converted hardware), so I'll have to wait and see

At the moment it's not clear. I made some posts around it in other threads. I believe those 1Mh hashlets may become 10Mh in the future, etc
I think it's like a prepurchase plan, but yeah, at the moment, $50 per Mh is too expensive...luckily for me my average price is $15 or so :D

Same here dude, I gave my trust to GAWminer and if some other here have gave their trust to other company and the services they received are ok, then I should suggest them to stay there, we all have the same objectives with different experiences.

The prime is not 1 mh/s, its 50 ghash to mine bitcoin and not litecoins.

As technology goes, its normal that today we need 1 mh and tomorrow we will need 10mh and then 100....

The price on Gawminer vary between 15 and 20 USD for each MH...If you pay 15 you mine in the less profitable pool and if you have 20 youll mine in zen pool. just remember with gawminer you can mine either bitcoin or litecoins, if you mine litecoins, gawminer will pay you still in bitcoin.

No prepurchase plan with the prime, theres no contract.

I dont want you to get the same point as me, if ur not sure about gawminer then listen yourself and stay with your other way to mine bitcoin....Same objective, I just wanted the people here to know about GAW and now its done, Ill let the time flow and.... MINE :D xD

I only have 5 mh but they are all paid for.

 i also have an s-3 which is paid for.

You're not the only one, I heard over 50% of GAW's customers have already reached ROI point.

today i have reached 50% ROI with my scrypt hashlets in 1 month.
if i would sell it would be instant ROI plus profit
i bought hashlets on 15.99 USD when they first started  :P

Which hashlet did you purchase, Zen, Prime or other?

sha hashlets like genesis are risky now that nicehash is no longer an option. THey will never reach ROI unless promos are offered or you sell them back

True, I suggest the prime hashlet and the zen one.

We got the news that we will be able to boost the prime, to upgrade any hashlet to another one, like a genesis to prime...

There will be a surprise october 23th for the prime users.

There will be few legendary hashlets available soon.

original thread here ; https://hashtalk.org/topic/5680/the-hashlet-exchange-and-hashboost-is-here

Yeh for anyone looking to invest I wouldn't go Genesis, just get Zen's and if you're a risk taker get some Primes for future algo's

I have been reading about Gawminer & Hashlet Genesis lately.  I am thinking about purchasing some hashing power.  I'm thinking of buying between 100 Gh and 250 Gh.  From reading the previous comments, it sounds like most people think this investment would not ROI.  However, I am not looking for a quick profit.  I am more interested in re-investing any btc I get into buying more hashlets.  I would keep re-investing for several  months, possibly more than a year. 

What do you think about re-investing in more hashing power?

zero sum game, eventually you have to buy more to keep your earnings on par. 

Give it a go, but with Zens, not the Genesis! Genesis won't ROI!

The reason why you should not go with genesis for now, its because the genesis was released to mine in the nicehash pool and it doesnt exist anymore. So for now you should go with zen for the most profitable short term way, and for prime for the long terme cause your prime will always follow the new technology of hardware mining.

Think about my ref link if you make a deposit  ::)

agreed.  Genesis is not a safe bet at this point, if they do not fix or add a pool with better returns that hashlet will R.I.P.  Zen looks pretty good. 

Yup they are working on prime with a ''surprise'' coming october 23th.  :o

Always good announcements every Friday. Waiting for the current one now, so much fun!  :D