GAW Miner Discounts - Including HashStaker and Hashlets

[lyth0s]

why is the payout so low lately?

Gaw is working on new contracts for their zenpool mining IPO coins. But just as a heads up for the other scrypt mining pools, as time goes on difficulty goes up and payouts become less. With this less BTC/Day/MH Gaw will continue to lower the hashlet prices accordingly, which explains why now you can get hashlets for as low as $6.95 per MH, which is FAR better than Antminer's Scrypt miners coming out since they will take time to deliver.

[lyth0s]

Update 11/15/14

fbarcelo: Free Bitcoins sent!

[lyth0s]

why are pay outs so low? I thought I would it least be pulling in a penny a day. Im literally pulling in under a penny a day. 6 fractions of a penny. what gives?

Well right now each MH of scrypt mining is paying out $0.011 a day after fees. It has come down quite a bit due to difficulty increases. Gaw will have to lower their $0.08/MH/Day fee very soon otherwise the miners technically won't be "profitable for ever".

I wish I had a better answer for you, but it really comes down to GAW fees HAVE to come down soon and the fact that only having 1 MH of scrypt mining nowadays isn't enough.

You want to have at LEAST 10 MH/s of scrypt mining nowadays to make about $1/Day. And we need gaw to reduce or restructure their fees.

[nickm50000]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

[jelt14]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

.00000001 profit thats a joke bro

[cloudboy]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

It's not funny at all but I seriously laughed out loud at this!

1 satoshi, that's bs.

I've got 20 MH/s and I'm only getting .0049 BTC/day before fees, unbelievable.

[lyth0s]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

It's not funny at all but I seriously laughed out loud at this!

1 satoshi, that's bs.

I've got 20 MH/s and I'm only getting .0049 BTC/day before fees, unbelievable.

Well the 0.0049 BTC/Day is exactly right for 20 MH of scrypt mining power. You can verify that on coinwarz.com. Difficulty of scrypt mining is going up fast (much like most mining difficulties) and thus more MH are needed to mine the same amount of BTC/day.

The problem is that each MH is making about $0.08 per day and the fee Gaw charges for mining is still $0.08 per day (so you basically net nothing). I have sent my contact at GAW an email about their need to reduce the hosting fee. I'm hoping for a response on Monday.

[cloudboy]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

It's not funny at all but I seriously laughed out loud at this!

1 satoshi, that's bs.

I've got 20 MH/s and I'm only getting .0049 BTC/day before fees, unbelievable.

Well the 0.0049 BTC/Day is exactly right for 20 MH of scrypt mining power. You can verify that on coinwarz.com. Difficulty of scrypt mining is going up fast (much like most mining difficulties) and thus more MH are needed to mine the same amount of BTC/day.

The problem is that each MH is making about $0.08 per day and the fee Gaw charges for mining is still $0.08 per day (so you basically net nothing). I have sent my contact at GAW an email about their need to reduce the hosting fee. I'm hoping for a response on Monday.

Please let us know their response.

[wlefever]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

It's not funny at all but I seriously laughed out loud at this!

1 satoshi, that's bs.

I've got 20 MH/s and I'm only getting .0049 BTC/day before fees, unbelievable.

Well the 0.0049 BTC/Day is exactly right for 20 MH of scrypt mining power. You can verify that on coinwarz.com. Difficulty of scrypt mining is going up fast (much like most mining difficulties) and thus more MH are needed to mine the same amount of BTC/day.

The problem is that each MH is making about $0.08 per day and the fee Gaw charges for mining is still $0.08 per day (so you basically net nothing). I have sent my contact at GAW an email about their need to reduce the hosting fee. I'm hoping for a response on Monday.

Please let us know their response.

All of their focus is on Hashcoin, Primes, and Hashbase.  They are introducing another hashlet soon as well, so I am afraid they are not really worried about the Solo Hashlets profitability other than Zen.

[lyth0s]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

It's not funny at all but I seriously laughed out loud at this!

1 satoshi, that's bs.

I've got 20 MH/s and I'm only getting .0049 BTC/day before fees, unbelievable.

Well the 0.0049 BTC/Day is exactly right for 20 MH of scrypt mining power. You can verify that on coinwarz.com. Difficulty of scrypt mining is going up fast (much like most mining difficulties) and thus more MH are needed to mine the same amount of BTC/day.

The problem is that each MH is making about $0.08 per day and the fee Gaw charges for mining is still $0.08 per day (so you basically net nothing). I have sent my contact at GAW an email about their need to reduce the hosting fee. I'm hoping for a response on Monday.

Please let us know their response.

Talked to my contact and he got back to me today. They are currently working on re-structuring the payout and the fees, but its "in the works" and they don't have any finalized plan yet.

I have a funny feeling they may be switching everything over to hashpoints and incorporating it all into their new system, which may also have gift cards built into it and potentially a debt card down the road. --But that is just speculation on my part.

I'm hoping that they just restructure their fees to being a lot less and per every 10MH rather than per 1MH.  

[nickm50000]

I just got a payout again today.

0.00020793 BTC payout

-0.00020792 BTC fees

anyone else see a problem with this?

It's not funny at all but I seriously laughed out loud at this!

1 satoshi, that's bs.

I've got 20 MH/s and I'm only getting .0049 BTC/day before fees, unbelievable.

Well the 0.0049 BTC/Day is exactly right for 20 MH of scrypt mining power. You can verify that on coinwarz.com. Difficulty of scrypt mining is going up fast (much like most mining difficulties) and thus more MH are needed to mine the same amount of BTC/day.

The problem is that each MH is making about $0.08 per day and the fee Gaw charges for mining is still $0.08 per day (so you basically net nothing). I have sent my contact at GAW an email about their need to reduce the hosting fee. I'm hoping for a response on Monday.

Please let us know their response.

All of their focus is on Hashcoin, Primes, and Hashbase.  They are introducing another hashlet soon as well, so I am afraid they are not really worried about the Solo Hashlets profitability other than Zen.

it would of been nice if they told me that before I bought it. they did not though. they sold the service as if it was going to profit more then 6 fractions of a penny =(

[lyth0s]

This is what I've got so far from my contact. I'll keep you guys posted as I get more info. Fees being nearly equal to mining reward has just been a problem over this past week or so due to difficulty increases of scrypt coins, so it's unfortunate that this has come up, but it had not been a problem for me before 1 week ago.

Hashbase/hashcoin is most likely launching in just less than 6 days so at least wait it out to see if payouts get better or what the new system exactly entails. I can tell you this though, everytime GAW has released an update with improved features that the price usually goes UP, so if you believe they will stay legit in the future, buying their hardware sooner rather than later is usually a better deal.



1. They are developing a new hashbase and hashcoin system that will be completely replacing the scrypt/BTC miners
2. They most likely won't be adjusting fees until their new system is launched
3. The hashbase/hashcoin will be integrated with retailers and will have it's own debit card.
4. Hashcoin will have an ICO in 6 days (which is probably why they are not bothering to change fees yet).
5. My contact doesn't have any other information at this point, but he will keep me updated and I will be updating the users of this forum.

[metal494]

Already made a buy through you, are you working? thanks mate.

[lyth0s]

Already made a buy through you, are you working? thanks mate.

Hello Metal I see all 3 of your purchases. I just need to wait for tomorrow for GAW to confirm your transactions and then I'll send you the payout


To everyone else I have recently found out that gaw will allow you to upgrade your hashlets to the HashStalkers (I'm hoping for free) which has 0 fees and then we can continue with good miner payouts.

[lyth0s]

Hello everyone I have an update and will change the OP accordingly

Update 11/28/14

Gaw Miners are switching their system from hashlets to HashStakers and Paycoin. These will be a Proof of Stake (PoS) system whereby the MORE coins/stakers you own the MORE money you make per day.

The HashStakers will have 0 fees! and their profitability will NOT be affected by difficulty increases like most coins out there.

Everything is hosted on Gaw Miners HashStaker website

Once again if you plan on buying a HashStaker or Paycoins I will be giving a discount on them both. I have spoken with my contact at Gaw and I will be able to give:

2% Discount on all HashStakers, Paycoin and Gaw Miner's products. <-- Click there

Just use that Link above or the one in my Sig, make your purchase and send me a PM with:
1. Date of purchase
2. Country you live in
3. Total Purchase amount
4. What BTC address you'd like your coins sent to!

Happy Mining!

[Serlite]

I really hope GAW can do some restructuring to get maintenance fees below Scrypt hashlet payouts again. Based on the rates of the past few days, basically any Scrypt miner cheaper than a ZenHashlet will on average net zero (or the default 1) satoshis per day. Not great for current owners. '~'

[lyth0s]

I really hope GAW can do some restructuring to get maintenance fees below Scrypt hashlet payouts again. Based on the rates of the past few days, basically any Scrypt miner cheaper than a ZenHashlet will on average net zero (or the default 1) satoshis per day. Not great for current owners. '~'

Gaw has told me that they will be allowing hashlets to upgrade to the HashStakers which have 0 fees, forever. Only question then will be if the upgrade is free (hopefully) or not.

[lyth0s]

Update 11/29/14

metal494: Bitcoins sent!

[metal494]

Update 11/29/14

metal494: Bitcoins sent!

ALL WAS GREAT! thank you Sir

[lyth0s]

predilection: Bitcoins Sent!


Still offering 2% discounts on all of Gaw products including the Hashstaker, Hashlet and Paycoin