What happened to GAWMiners.com?

[Mt. Gox]

Does anyone know what happened to them? They were selling cloud mining contracts called "hashlets" a few months ago but now I see that their domain resolves to a generic GoDaddy parking page:



I also remember they launched an altcoin called Paycoin which GAW promised would be worth at least $20 per coin but failed to keep its value.

I see that Hashtalk.org is still working which I understand is connected to GAW but I'm not sure what their exact relationship is. I see that Paycoin.com and their official forums are still up as well.

Is GAW still in the cloud mining business? Did they end up being a scam? Or did they close up shop for other reasons? Even if their altcoin project failed (and it seems to have according to the latest CMC figures), why couldn't they just continue their existing cloud mining business which was already quite popular?

EDIT: I see Paybase.com is working too...

[jacktheking]

I'm not sure what happen to them. But my advise to you is not to invest in cloud mining. I invested in a few myself.. and I have not get my profit back.

[Mt. Gox]

I'm not sure what happen to them. But my advise to you is not to invest in cloud mining. I invested in a few myself.. and I have not get my profit back.

This advice is generally true but I seem to remember someone saying that the early hashlets were quite profitable. There were different varieties of hashlets for sale and one of them was much better than the others although it was slightly more expensive. Each variety was set to mine in its own pool but one of them either mined in an extremely profitable pool or otherwise somehow made more money than the others.

I think there was another variety that mined paycoins or something like that. I'm not sure about the exact details but I think that one ended up being quite profitable too.

[cooldgamer]

Make some popcorn and check out https://bitcointalk.org/index.php?topic=857670

tl;dr hashlets were fractional mining, Paycoin was a scam, now the feds are up their ass

[crazyivan]

Are you trolling or what?
Where have you been for the last couple of months not to hear the famous GAW story?

All in all, Josh Garza lied, scammed and misinformed his clients and this resulted in total crash of all of his services. Now he s being sued by a lots of people.

[sukamasoto]

Make some popcorn and check out https://bitcointalk.org/index.php?topic=1036616.0

tl;dr hashlets were fractional mining, Paycoin was a scam, now the feds are up their ass

I thought they are trolling at the first accusation. And after seeing this news, I can't believe that this is really happening. Kindda sucks for us who ever promote scam site through this forum 

Are you trolling or what?
Where have you been for the last couple of months not to hear the famous GAW story?

All in all, Josh Garza lied, scammed and misinformed his clients and this resulted in total crash of all of his services. Now he s being sued by a lots of people.

and he derserved it !

[monsterdoge]

big company like GAW is dead now , no one believe in cloudmining anymore. all its just hidden ponzi scheme.

[srgkrgkj]

the suspicions were always there and slowly but surely Garzas reputation perceded him it was only a matter of time till Gaw shut down down go their promises and their coin too

[favdesu]

Registrar Registration Expiration Date: 2016-02-18T05:53:48Z

In case someone wants this domain for historical reasons. you can set a buyback prior to the expire date with many registrars

[jbrnt]

Check this one out while you are searching for recent news on Gawminers:

Re: gawminers and shill accounts
https://bitcointalk.org/index.php?topic=1033266.0

[crazyivan]

Check this one out while you are searching for recent news on Gawminers:

Re: gawminers and shill accounts
https://bitcointalk.org/index.php?topic=1033266.0

It gets worse the more I dig. That guy really scammed hundreds if not thousands. We ll see what s gonna happen but I highly doubt he ll be able to get out of this without some serious jail time.

[rammy2k2]

Are you trolling or what?
Where have you been for the last couple of months not to hear the famous GAW story?

All in all, Josh Garza lied, scammed and misinformed his clients and this resulted in total crash of all of his services. Now he s being sued by a lots of people.

of course he is trolling .. just ignore him

[Mt. Gox]

Thanks for the replies everyone.

Make some popcorn and check out https://bitcointalk.org/index.php?topic=1036616.0

Umm... That's just a link to this thread.

You mean this one right? I know it's the main thread about GAW here and honestly, I tried reading it but at 1,750 pages in length, it's kinda hard to understand what's really going on since I was never really all that into cloud mining in the first place so I never really kept up with the latest news. Just always thought GAW was one of the major players in the scene and I'm surprised they're no longer alive.

tl;dr hashlets were fractional mining, Paycoin was a scam, now the feds are up their ass

Ouch. Well that doesn't sound good at all. They should've just stuck to mining instead of bringing attention to themselves with Paycoin.

Are you trolling or what?
Where have you been for the last couple of months not to hear the famous GAW story?

All in all, Josh Garza lied, scammed and misinformed his clients and this resulted in total crash of all of his services. Now he s being sued by a lots of people.

My only experience in cloud mining is few mining contracts off Cryptsy. I do remember GAW as being one of the more well known companies though. Sad to see them end up this way.

big company like GAW is dead now , no one believe in cloudmining anymore. all its just hidden ponzi scheme.

I guess the recent failures of GAW and AMHash really goes to show that even the most trusted and legitimate companies can eventually end up being scams.

[miaviator]

https://bitcointalk.org/index.php?topic=857670.0

Y U Derail Main Thread?

[Mt. Gox]

https://bitcointalk.org/index.php?topic=857670.0

Y U Derail Main Thread?

Those links to GAW on the first post are broken.

So I understand that Josh Garza and his company are continuing to wreak havoc even despite that fact that their main website no longer exists?

What about hashlets? I see that they are no longer being sold but I also see that they are still mining which is bizarre. How do their owners access them if GAW is offline?

EDIT: And their main page now says "Service Unavailable - HTTP Error 503" instead of a parking page: