When you say "the industry is talking about 5 years" you really mean just one other website which is also most likely a ponzi right?

To me this looks like someone saw pbmining and thought to themselves "Wow, this is a very efficient ponzi scheme. I should make one".

Why is it that you cant have a hardware manufacturer vouch for you? Surely they are willing to do that since you have such a good relationship with them.

I'm not mistaking anything, but it appears you are.

In the US, in order to sue someone for libel, it is required that you have proof of actual malice.

Clearly you dont understand freedom of speech.

I agree, this law firm can go fuck themselves. It's nothing more than an illegal attempt at censorship.

What I don't understand is how any "lawyers" can read this thread and not immediately catch whiff of the fraud/illegal practices stemming from GAW.

Seems to me these "lawyers" are just thugs paid to harass anyone with a critical opinion of GAW with the threat of frivolous lawsuits.

Please do show me a place where you can buy several PH/s with a contract that lasts less than a few months.


First of all quit with the havelock BS. I'm not paid by havelock, I'm just one of the several thousand customers who they have not scammed. I will disprove your conspiracy theory right now by saying I think every offering on havelock is not worth investing in because the risk/reward ratio is piss poor.

You, on the other hand, are suspiciously pushing shady cloudmining companies that most knowledgeable people agree look like blatant ponzis. Are you paid to spam this garbage or just incredibly naive?

I'm not buying your "double taxation" excuse. The government doesn't give two shits if you mined the coins yourself or paid a company to mine them for you. Either way it's taxable income and they want a piece of it.


You're really just proving how misinformed you are.

Why would havelock vouch for a sketchy/scammy company they have nothing to do with?

This "cloudmining company" specifically said: "Because of our relationship with ASIC manufacturers, we get high end machines before the market does. "

How exactly would a company like Bitfury or Bitmain compromise anyone's anonymity by saying something like "Yes, we can confirm that cloudmining.website is a large buyer of our hardware and their operation is legit"

You will probably think of some bullshit reason why that can't happen but in fact it's already been done for several companies:

He's clearly already lost the bet.

His bet states that primes will remain the most profitable and as suchmoon pointed out, they are one of the least profitable miners in terms of ROI.

Here's a bet I'm willing to make: GAW's "new miner" will actually just be a hashlet that can only mine hashcoin/points/whatever they name their shitcoin.

That's true for a few TH/s but I guarantee you cannot buy several PH/s on ebay.

After thinking about it, I'm not buying the excuse that they cannot provide a mining address because they "will not be able to sell those at a premium price". I can't think of a reason that someone laundering money/coins wouldn't want coins mined by a known company.

Anyways if there really is some mysterious reason they can't provide a mining address, what about having one of the hardware manufacturers vouch for them? I'm sure they will do that considering they have such an amazing relationship.

I think we can all agree that whoever is designing the UI is doing a great job, same goes for zenminer.

Although I don't see how they could launch hashbase without a built-in exchange. If they did, then wouldn't hashbase just be a mesh of hashtalk and zenminer?

Well now I feel stupid.

I was positive that that was just a mockup site and that the real hashbase couldn't possibly be so cheesy/featureless.

I'm actually noticing a few changes so I'll leave the original pic here: https://i.imgur.com/tSTCzv4.jpg

It's for real and has been used for more than a year. https://bitcointalk.org/index.php?topic=346134.0

3M is actually using pics of AM's farm in their demo.

It means they are selling newly mined coins to someone who wants to launder large amounts of money. They want new coins because they have no transaction history.

It's sort of pointless because nobody cares whether your bitcoins were earned by selling drugs or scamming noobs, but the market exists as far as I know.

Really it's just an excuse to not disclose the mining address.

This is exactly the type of thing a scammer would say.

Here are a few ways you can disclose your mining address without tainting your premium newly mined coins:

A: Mine on a pool with stats like btcguild (surely you have several PH/s and will show up in the top 10.)

B: Allocate only a small portion of your hashrate to solomine (maybe just 1 PH/s)

C: Change your mining address only temporarily to prove you own X PH/s.

If you can't do any of those it's obvious that this is just the ~500th halfassed cloudmining ponzi scheme.


If I was a sockpuppet, wouldn't I be posting in every other sketchy cloudmining thread? Or am I getting paid by every sketchy company at the same time, specifically to troll a single company which has hardly any customers? Your conspiracy theory just doesn't add up.

The real reason I've left negative feedback is because out of all the potential ponzi schemes, yours is the most lazy/halfassed/obvious. Other sketchy cloudmining websites have the potential to be legit but this is just so obvious I felt the need to give noobs a hint.

As for blind allegations, I don't think that's true at all. You've set your company up to look as much like a ponzi scheme as possible.

Here's a short list of red flags which you have created:

- Private website registration
- No names/phone numbers/company info
- No mining address/payments don't originate from mining.
- No history on the forum/anywhere
- No proof of contract with hardware manufacturers
- No pics of hardware
- Rates far below what every hardware manufacturer is offering
- Halfassed website

Anyways the only red flag that matters is a mining address. Prove that you own X PH/s and all us "paid sockpuppets" will leave you alone.

But of course you will dance around the question and/or bullshit your way out of it, because as we all know ponzi schemes cannot provide proof of mining.

That's normally how exaggerations work.

You didn't actually think I found 100 articles about GAW and only 1 was not written/paid for by GAW did you?


How convenient of you to remove the "just about" from the beginning of that quote.


How can you tell me to be responsible with my words when you're willing to chop up the quote to change the meaning?

In my experience, just about every article I've seen about GAW has stemmed from prweb. (or been supplied info exclusively from GAW)

You can argue about semantics all you want (although I won't), it won't hide the fact that GAW is willing to pay to have positive articles published about themselves.

It does say "$12M in sales within weeks of release."

Genesis hashlet was released 3 weeks after launch, would you consider that "within weeks"?

Even if ~10-20% of sales went to genesis hashlets I don't think their claims would be any less ridiculous.

Are you really going to suggest this guy has no incentive to write about GAW? They look pretty intimate to me.



Anyways my point is that GAW uses prweb period, so they are certainly willing to pay people to write/publish positive articles about themselves.


(Disclaimer: conspiracy theory)

The way I see it is that they decreased the payout of zenpool only so that it made sense for everyone to switch over to mining hashpoints.

If you were trying to make money by any means/scheme possible would you rather payout in btc (which costs you money), or payout in hashpoints (which you can print an unlimited amount of for free)?


How else could you explain those people exchanging emails for months, wondering when GAW would finish their project only to find out 6 months later that GAW hasn't even obtained the permits to begin the project?


I'm not talking about BTC.com. Buying that for $1m is within the realm of possibility because it is a premium domain and the sale itself is an advertisement.

However buying a pool nobody uses for $8 million is just absurd. I'd love to know what makes a litecoin pool worth that much.

I'm sure it has to do with whatever makes them magically payout more than you would get converting mined ltc to btc.


300 x 40 mh/s = 12 GH/s. GAW's hashrate is claimed to be somewhere between 500-1000 GH/s. How you can hide that much hashrate on the litecoin network is beyond me.

Do you understand now why I and many others demand proof of mining via a mining address instead of pics?

Here's why I'm led to believe GAW is claiming to have at least 1000 GH/s: https://bitcointalk.org/index.php?topic=720844.msg9516019#msg9516019

Sorry, I assumed you were capable of using your brain to determine which links were completely unrelated to the GAW we are talking about, but I guess I was wrong.

If you don't understand context and exaggeration, I'm not sure there's any point discussing further with you.

The point which you're obviously ignoring is that just about every major press released is written by GAW, supplied with info by GAW, and paid to have spammed across the internet by GAW.

It's a huge red flag but I'm sure that means absolutely nothing to you.

I think he means an AM mining address in which case:


As for GAW, they are almost definitely a ponzi. See here: https://bitcointalk.org/index.php?topic=720844.4500

Something doesn't quite add up.

$12m worth of hashlets at $15/mh is 800 GH/s.

By "producing $8m of profit" I assume they are basing that on the increase in $/mh. Since vaultbreakers were sold at ~$10/mh and could be sold for up to $50/mh that makes a max profit of $40/mh. $8m profit at $40/mh is another 200 GH/s worth of primes.

800 GH/s + 200 GH/s = 1000 GH/s.

On October 2nd the entire litecoin network was 1036 GH/s so I suppose only ~36 GH/s is not controlled by GAW.

This doesn't even take in to consideration boosts, double pool mining, red rockets, and whatever magically made their pool payout more than any other litecoin pool.

Which cloudmining companies are offering full control of the hashrate?

How is that different from regular cloudmining?