GAW Miners

[AirFlame]

Why don't you rephrase that, nobody's going to read through this gibberish. If you don't even care to start a sentence with a capital letter don't expect others to care for its meaning.

[P4ndoraBox7]

Yeah they take the fees for electricity hosting and webhosting... To get something finally simple yes I like it.

By the way today the MultiHashlet got for the first time a negative payout and GAW will fix the maintenance fee and make something else for us miners so that all Hashlets could stay profitable. I just want to say that yeah some Hashlets income can be compared to other cloud mining service, but I only recommend Zen Hashlet cause its the most ROI profitable.

[puwaha]

that is bs. you dont pay salaries out of peoples mining. 28nm chips making 120mh would be about 400 watts at the wall without the added benefit of running professional grade power supplies and using efficiency measures, tax breaks,hi use contracts. at 0.10 per kwh that is $28 a month... 120 * 0.08*30days= 288 dollars.so 288-28=260 that is proportional regardless of the mh you are using... so they would be taking $260 a month(just dollars for u people who kept talking dollars)..SORRY THAT IS THEFT. stay away from gaw till they have open fair discussions  , NEVER NEVER NEVER, is that ok. u guys are fake positive trolling. i am not trolling i am saying those calculations are not permitted on their forum-BECAUSE THEY ARE REAL.  after electric for something that just sits and runs u shouldn't have to pay gaw (13*20=260) 13 brand new hashlets a month to take care of your hosting. for this calculation i would say $20 is more than generous.  so $48 a month for for 120mh would be appropriate which would be 0.013 cents per day per mh... way fare..they get maintenance  covered (still pocket a little ie maintenance) and people who hear 8cents and dont do the math are not taken advantage of and gaw still rakes it in

What's so hard to understand that ZenCloud is a business?  They have to pay people's salaries, they have to pay for their rent, they have to pay for equipment, they have to pay for a lawyer, an accountant, a phone line, webhosting, and they have to pay for thousands of little things that business requires.  They never said it's only for electricity.

[marthelo]

Why don't you rephrase that, nobody's going to read through this gibberish. If you don't even care to start a sentence with a capital letter don't expect others to care for its meaning.

well u read it. if u did not u wouldnt have been avle to respond.

Yeah they take the fees for electricity hosting and webhosting... To get something finally simple yes I like it.

By the way today the MultiHashlet got for the first time a negative payout and GAW will fix the maintenance fee and make something else for us miners so that all Hashlets could stay profitable. I just want to say that yeah some Hashlets income can be compared to other cloud mining service, but I only recommend Zen Hashlet cause its the most ROI profitable.

ONLY ON GAW CAN SOME BODY BE MINING AND GET A NEGATIVE PAYOUT. but it is all negative if they are taking your btc over the price of maintenance and electric. gaw's website should say "possible 100% fees"," we can literally say everything u mine is ours." 100% + is the only way to get negative payouts.  they have gone so far down hill that  that was able to happen. GAW has pushed so hard to remove logic from their forum that they believe there own propaganda. they constantly have people trolling making up "fake positive sentiment"  IF U Came ACROSS this DOING research before YOU BOUGHT, Congratulations. read the thread and you will see illogical gaw cheer leading (this is typical and bought and paid for by gaw). You will also see the truth about what they turned into. the prices seem low but you would have to pay $2.40 per mh a month. with difficulty rises u dont even make that per month. another good example is this if u had 100mh and never withdrew a single dollar and used every last bit of coin you made to buy more hashing(never taking out a single penny [ or satoshi]), one day you would have nothing. thats right u would be broke- everything would be gone. if u kept the original money and bought something at least you would have something to show for it. If gaw cared they would thank people who pointed this out to them. they would have threads on their forum dedicated to open, very honest, daily profit calculations. Why remove these calculations from there forum? instead they should promote them to show people how good they are. profiting is the only reason to mine. hashing your money till gaw employees take it all home in their pay checks makes no sense. It would be absurd of you to insist that mining with an insurmountable gap between "money in" and "profit out" is legit. i miss legit GAW. but they drank the koolaid hard. they have lost their minds as of now. i hope to see a huge outpouring of honesty by them. when i sing their praise you know it will be real not brainwashing. i love everybody at gaw but they took a dark turn and they would step on a miners head to take coins now

that is bs. you dont pay salaries out of peoples mining. 28nm chips making 120mh would be about 400 watts at the wall without the added benefit of running professional grade power supplies and using efficiency measures, tax breaks,hi use contracts. at 0.10 per kwh that is $28 a month... 120 * 0.08*30days= 288 dollars.so 288-28=260 that is proportional regardless of the mh you are using... so they would be taking $260 a month(just dollars for u people who kept talking dollars)..SORRY THAT IS THEFT. stay away from gaw till they have open fair discussions  , NEVER NEVER NEVER, is that ok. u guys are fake positive trolling. i am not trolling i am saying those calculations are not permitted on their forum-BECAUSE THEY ARE REAL.  after electric for something that just sits and runs u shouldn't have to pay gaw (13*20=260) 13 brand new hashlets a month to take care of your hosting. for this calculation i would say $20 is more than generous.  so $48 a month for for 120mh would be appropriate which would be 0.013 cents per day per mh... way fare..they get maintenance  covered (still pocket a little ie maintenance) and people who hear 8cents and dont do the math are not taken advantage of and gaw still rakes it in

What's so hard to understand that ZenCloud is a business?  They have to pay people's salaries, they have to pay for their rent, they have to pay for equipment, they have to pay for a lawyer, an accountant, a phone line, webhosting, and they have to pay for thousands of little things that business requires.  They never said it's only for electricity.

they dont have to pay the people who actually bought hashing. obvious gaw employee here



hmmmm,  ... evrybody is so concerned with the big guy. nothing about great service for the miner here. doing things on a large scale decreases costs. ie makes it better than doing it at home. not 10 times more expensive.

[philipma1957]

hmmmm,  ... evrybody is so concerned with the big guy. nothing about great service for the miner here. doing things on a large scale decreases costs. ie makes it better than doing it at home. not 10 times more expensive.

    The bottom line is this Gaw charges 10 cents a kwatt to host.
 If your power cost at home is under 10 cents do not use them. In fact if you are in the USA and with the colder weather coming make it 11 or 12 cents a kwatt.

[marthelo]

hmmmm,  ... evrybody is so concerned with the big guy. nothing about great service for the miner here. doing things on a large scale decreases costs. ie makes it better than doing it at home. not 10 times more expensive.

    The bottom line is this Gaw charges 10 cents a kwatt to host.
 If your power cost at home is under 10 cents do not use them. In fact if you are in the USA and with the colder weather coming make it 11 or 12 cents a kwatt.

you are correct, although gaw is more eficient than doing it at home, ie it costs them less, yet they charge 10 times the cost of doing at home. and again i dont know why you would irrationally justify that, other than you are a paid lacky of gaw or bought into their brainwashing forum where all info is white washed. it wasn't stupid to buy from gaw if they honored there product release info and reduced costs so that the most paid for maintenance was the release date itself and things only got better from there. but they are taking over 10% which is theft.. things got so bad they took 100% of payouts(hashers got 0 btc)..FLAWED FLAWED FLAWED. THATS THEFT... there obviously should be entire threads on profits in there forum with calculations, the only reason not to would be  a dishonest reason. and the declining hosting fees should be extremely transparent, certainly not up even with conversions. and not over 0.013 or 10%. if they cant do business without taking hashing profits then they shouldn't have pretended to be in the business of doing that.

[btc-facebook]

hmmmm,  ... evrybody is so concerned with the big guy. nothing about great service for the miner here. doing things on a large scale decreases costs. ie makes it better than doing it at home. not 10 times more expensive.

    The bottom line is this Gaw charges 10 cents a kwatt to host.
 If your power cost at home is under 10 cents do not use them. In fact if you are in the USA and with the colder weather coming make it 11 or 12 cents a kwatt.

Gaw actually costs $.08 cents to host now but that is not the point. You are correct that you should not use them if you can buy electricity cheaper elsewhere however you fail to mention that the electric/maintenance cost of gaw miners will decrease over time as they socialize the older customers by adding more efficient hardware to what they sell and charge all customers the average price

[puwaha]

you are correct, although gaw is more eficient than doing it at home, ie it costs them less, yet they charge 10 times the cost of doing at home. and again i dont know why you would irrationally justify that, other than you are a paid lacky of gaw or bought into their brainwashing forum where all info is white washed. it wasn't stupid to buy from gaw if they honored there product release info and reduced costs so that the most paid for maintenance was the release date itself and things only got better from there. but they are taking over 10% which is theft.. things got so bad they took 100% of payouts(hashers got 0 btc)..FLAWED FLAWED FLAWED. THATS THEFT... there obviously should be entire threads on profits in there forum with calculations, the only reason not to would be  a dishonest reason. and the declining hosting fees should be extremely transparent, certainly not up even with conversions. and not over 0.013 or 10%. if they cant do business without taking hashing profits then they shouldn't have pretended to be in the business of doing that.

What's with all the hate marthelo?

[jonnybravo0311]

you are correct, although gaw is more eficient than doing it at home, ie it costs them less, yet they charge 10 times the cost of doing at home. and again i dont know why you would irrationally justify that, other than you are a paid lacky of gaw or bought into their brainwashing forum where all info is white washed. it wasn't stupid to buy from gaw if they honored there product release info and reduced costs so that the most paid for maintenance was the release date itself and things only got better from there. but they are taking over 10% which is theft.. things got so bad they took 100% of payouts(hashers got 0 btc)..FLAWED FLAWED FLAWED. THATS THEFT... there obviously should be entire threads on profits in there forum with calculations, the only reason not to would be  a dishonest reason. and the declining hosting fees should be extremely transparent, certainly not up even with conversions. and not over 0.013 or 10%. if they cant do business without taking hashing profits then they shouldn't have pretended to be in the business of doing that.

You've got some pretty interestingly flawed calculations of your own in your rant.  Agreeing with Phil that they charge $0.10/kWh to host and then stating they charge 10 times the cost of doing it at home implies you can get $0.01/kWh at home.  Good luck with that.

Hashlet Genesis is $.01 per 5 GH/s per day - or $2.00 per 1TH/s per day.  That's the equivalent of running 1W/GH/s (i.e. Antminer S2) equipment at $0.0835 power costs, or 0.78W/GH/s (i.e. Antminer S3) equipment at $0.107 power costs.

If your power costs are cheaper than that, by all means, run your own hardware.

Taking 10%, 20%, whatever percentage is not theft.  You purchase the hashlet, you agree to the fee structure.  It is plainly obvious to anyone who bothers to actually look at the fee structures that there can, and likely will, come a point where the fees are greater than the earnings from the miner.  This is absolutely no different than what happens to the home miner.  In fact, if you take a look at a number of threads right here in the Speculation forum, you'll see plenty of people debating whether or not they should keep their miners running.  The expectation is that as difficulty goes up, the value of BTC will correspondingly go up.  Sadly, this is not always the case.

Whether you purchase hardware and do it yourself from home, or you purchase cloud hashing, you are making an investment.  There is no guarantee that your investment will be profitable for you.

[P4ndoraBox7]

Yes this week the MultiHashlet got a negative payout, let's be honest. GAWMiners gave credit to everyone who has the Multihashlet, they want us to make money and will forever respect their value.

I'll continue with them, I'm making money.

It's easy to blame a company, at least blame with truth.

LTCGear has made their reputation, I give them that. But GAWMiners are slowly gaining a solid reputation too.

[P4ndoraBox7]

For all those that are not sure about the payout or whatever what with GAWMiners, Since a month I post my daily payout and I've included a tutorial on my blog and my facebook page. With all honesty I can say, that's work !

[Snipe85]

Yes this week the MultiHashlet got a negative payout, let's be honest. GAWMiners gave credit to everyone who has the Multihashlet, they want us to make money and will forever respect their value.

I'll continue with them, I'm making money.

It's easy to blame a company, at least blame with truth.

LTCGear has made their reputation, I give them that. But GAWMiners are slowly gaining a solid reputation too.

I'm new to the board but there's a lot more topics about GAW than LTCgear. Maybe this doesn't mean reputation, but GAW is certainly more popular.
I read about their million dollar transactions long before registering here.

[scarsbergholden]

Yes this week the MultiHashlet got a negative payout, let's be honest. GAWMiners gave credit to everyone who has the Multihashlet, they want us to make money and will forever respect their value.

I'll continue with them, I'm making money.

It's easy to blame a company, at least blame with truth.

LTCGear has made their reputation, I give them that. But GAWMiners are slowly gaining a solid reputation too.

I'm new to the board but there's a lot more topics about GAW than LTCgear. Maybe this doesn't mean reputation, but GAW is certainly more popular.
I read about their million dollar transactions long before registering here.

If you are going to get into cloud mining then GAW is one of the few trustworthy (IMO) companies that you can invest in. They have been around for a long time and have had very few issues. They are large enough so that their actual mining ability cannot reasonably be put into question as anyone who owns any hashlets (their cloud miners) can see that the source of their bitcoin is from mined blocks.

[lowbander80]

Just wanted to share that problems I had with Gawminers solved and they refunded me the lost item and money.
have to be Honest they did what was right BUT after long long time and many emails telephones..

[eoakland]

anyone know what's up with GAW site ?  also, why has splitting of hashlets been disabled ?   thanks

[P4ndoraBox7]

It's ok now.

[eoakland]

It's ok now.

nope, i still cannot split hashlets.

[Ilan123]

Yes this week the MultiHashlet got a negative payout, let's be honest. GAWMiners gave credit to everyone who has the Multihashlet, they want us to make money and will forever respect their value.

I'll continue with them, I'm making money.

It's easy to blame a company, at least blame with truth.

LTCGear has made their reputation, I give them that. But GAWMiners are slowly gaining a solid reputation too.

I'm new to the board but there's a lot more topics about GAW than LTCgear. Maybe this doesn't mean reputation, but GAW is certainly more popular.
I read about their million dollar transactions long before registering here.

If you are going to get into cloud mining then GAW is one of the few trustworthy (IMO) companies that you can invest in. They have been around for a long time and have had very few issues. They are large enough so that their actual mining ability cannot reasonably be put into question as anyone who owns any hashlets (their cloud miners) can see that the source of their bitcoin is from mined blocks.

I totally agree with this, I have skin in both GAW and LTCgear, two very different products in my opinion. I am happy with both so far, there are Pro's and Con's to both also. GAW has better transparency and marketing, I feel safer investing with them, where as you get a better ROI with LTCgear but less Transparency it almost appears to be run by a one man band operation, however I received my fourth payout yesterday from LTCgear and Chris has been very quick to reply with any support queries etc. Both are excellent Cloud Mining companies in my opinion and I would recommend anyone that is thinking about getting into cloud mining to try either one of them.

[marthelo]

Yes this week the MultiHashlet got a negative payout, let's be honest. GAWMiners gave credit to everyone who has the Multihashlet, they want us to make money and will forever respect their value.

I'll continue with them, I'm making money.

It's easy to blame a company, at least blame with truth.

LTCGear has made their reputation, I give them that. But GAWMiners are slowly gaining a solid reputation too.

I'm new to the board but there's a lot more topics about GAW than LTCgear. Maybe this doesn't mean reputation, but GAW is certainly more popular.
I read about their million dollar transactions long before registering here.

If you are going to get into cloud mining then GAW is one of the few trustworthy (IMO) companies that you can invest in. They have been around for a long time and have had very few issues. They are large enough so that their actual mining ability cannot reasonably be put into question as anyone who owns any hashlets (their cloud miners) can see that the source of their bitcoin is from mined blocks.

I totally agree with this, I have skin in both GAW and LTCgear, two very different products in my opinion. I am happy with both so far, there are Pro's and Con's to both also. GAW has better transparency and marketing, I feel safer investing with them, where as you get a better ROI with LTCgear but less Transparency it almost appears to be run by a one man band operation, however I received my fourth payout yesterday from LTCgear and Chris has been very quick to reply with any support queries etc. Both are excellent Cloud Mining companies in my opinion and I would recommend anyone that is thinking about getting into cloud mining to try either one of them.

gaw charges their water bill under pool fees...they did over 60% theft this week

[bitgeek]

Yes this week the MultiHashlet got a negative payout, let's be honest. GAWMiners gave credit to everyone who has the Multihashlet, they want us to make money and will forever respect their value.

I'll continue with them, I'm making money.

It's easy to blame a company, at least blame with truth.

LTCGear has made their reputation, I give them that. But GAWMiners are slowly gaining a solid reputation too.

I'm new to the board but there's a lot more topics about GAW than LTCgear. Maybe this doesn't mean reputation, but GAW is certainly more popular.
I read about their million dollar transactions long before registering here.

If you are going to get into cloud mining then GAW is one of the few trustworthy (IMO) companies that you can invest in. They have been around for a long time and have had very few issues. They are large enough so that their actual mining ability cannot reasonably be put into question as anyone who owns any hashlets (their cloud miners) can see that the source of their bitcoin is from mined blocks.

I totally agree with this, I have skin in both GAW and LTCgear, two very different products in my opinion. I am happy with both so far, there are Pro's and Con's to both also. GAW has better transparency and marketing, I feel safer investing with them, where as you get a better ROI with LTCgear but less Transparency it almost appears to be run by a one man band operation, however I received my fourth payout yesterday from LTCgear and Chris has been very quick to reply with any support queries etc. Both are excellent Cloud Mining companies in my opinion and I would recommend anyone that is thinking about getting into cloud mining to try either one of them.

+1
These companies are completely different, but both have proven to be legit and solvent. You really have to do the math and pick the contract you find most interesting.