PROOF that GAWMiners Hashlet Is Not A Miner

[sab4you]

or it could mean that you are buying a small portion of a larger setup and not assigned to a particular rig - just playing the Devil's advocate here.

that's my impression of the entire thing, your simply buying a "virtual" slice of a greater environment. I'd even guess this may include different methods of achieving payouts including mining but also hedging and other financial tricks to turn a profit.

Regardless of how its accomplished or even if its a completely illegal ponzi scheme, everyone has the ability to withdrawal their earnings the minute they post, so at most if the FBI raids them and pulls the plug, you would lose a day's "mining". 

I'd think GAW has made gobs of money selling equipment over the years so it would be a drastic change to switch to a ponzi scheme now...Its like McDonalds selling horse meat, why ruin a good thing that works for something instead illegal? Sure its possible, just not a likely outcome for people already making millions...

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[rdyoung]

or it could mean that you are buying a small portion of a larger setup and not assigned to a particular rig - just playing the Devil's advocate here.

that's my impression of the entire thing, your simply buying a "virtual" slice of a greater environment. I'd even guess this may include different methods of achieving payouts including mining but also hedging and other financial tricks to turn a profit.

Regardless of how its accomplished or even if its a completely illegal ponzi scheme, everyone has the ability to withdrawal their earnings the minute they post, so at most if the FBI raids them and pulls the plug, you would lose a day's "mining".  

I'd think GAW has made gobs of money selling equipment over the years so it would be a drastic change to switch to a ponzi scheme now...Its like McDonalds selling horse meat, why ruin a good thing that works for something instead illegal? Sure its possible, just not a likely outcome for people already making millions...

Over the years? How long do you think gaw has been around? They started selling hardware like 6 months ago. Do I detect another shill attempting to sound like they agree with some of what we have to say?

The waybackmachine took its first snapshot of gawminers.com in may.
https://web.archive.org/web/20140503190208/http://www.gawminers.com/

[bitgeek]

or it could mean that you are buying a small portion of a larger setup and not assigned to a particular rig - just playing the Devil's advocate here.

that's my impression of the entire thing, your simply buying a "virtual" slice of a greater environment. I'd even guess this may include different methods of achieving payouts including mining but also hedging and other financial tricks to turn a profit.

Regardless of how its accomplished or even if its a completely illegal ponzi scheme, everyone has the ability to withdrawal their earnings the minute they post, so at most if the FBI raids them and pulls the plug, you would lose a day's "mining".  

I'd think GAW has made gobs of money selling equipment over the years so it would be a drastic change to switch to a ponzi scheme now...Its like McDonalds selling horse meat, why ruin a good thing that works for something instead illegal? Sure its possible, just not a likely outcome for people already making millions...

Over the years? How long do you think gaw has been around? They started selling hardware like 6 months ago. Do I detect another shill attempting to sound like they agree with some of what we have to say?

The waybackmachine took its first snapshot of gawminers.com in may.
https://web.archive.org/web/20140503190208/http://www.gawminers.com/

Over the months would be a better word, but I agree with the rest.

[rdyoung]

or it could mean that you are buying a small portion of a larger setup and not assigned to a particular rig - just playing the Devil's advocate here.

that's my impression of the entire thing, your simply buying a "virtual" slice of a greater environment. I'd even guess this may include different methods of achieving payouts including mining but also hedging and other financial tricks to turn a profit.

Regardless of how its accomplished or even if its a completely illegal ponzi scheme, everyone has the ability to withdrawal their earnings the minute they post, so at most if the FBI raids them and pulls the plug, you would lose a day's "mining".  

I'd think GAW has made gobs of money selling equipment over the years so it would be a drastic change to switch to a ponzi scheme now...Its like McDonalds selling horse meat, why ruin a good thing that works for something instead illegal? Sure its possible, just not a likely outcome for people already making millions...

Over the years? How long do you think gaw has been around? They started selling hardware like 6 months ago. Do I detect another shill attempting to sound like they agree with some of what we have to say?

The waybackmachine took its first snapshot of gawminers.com in may.
https://web.archive.org/web/20140503190208/http://www.gawminers.com/

Over the months would be a better word, but I agree with the rest.

I should have added that its not a drastic step to a ponzi scheme. If what some of us believe is true and the vaultbreakers were at best delayed, its possible they are overselling hashlets to raise funds and are hoping to get the hardware they need to make it legit again.

If you take the time to read my posts on this, you will see where I am coming from. I have traded stocks/bonds/forex/etc for 2+ decades, plus I did run a couple of the egold hyips back in the day. Mine were on the up and up and when I was able I paid everyone back to at least even, and on all I made sure everyone knew that I was offering a game and not a guaranteed investment.

[coory]

Thanks for the share

[5ick3uffalo]

I see those hashlets as a loan to GAW (do i think they are hashing with all that mining power at those pools? LOL hell ,no, it´s just numbers)

i hope they pay me back as soon as possible to get into positive ROI

OR i sell my Prime Hashlets which i bought @15.99 for 32$ now (regular price is 39.99$ now, take the money and buy some of those beats:

https://www.moonasics.com/shop/moon-explorer-240-mhs-asic-scrypt-miner/

Better than hashlets?

[rdyoung]

I see those hashlets as a loan to GAW (do i think they are hashing with all that mining power at those pools? LOL hell ,no, it´s just numbers)

i hope they pay me back as soon as possible to get into positive ROI

OR i sell my Prime Hashlets which i bought @15.99 for 32$ now (regular price is 39.99$ now, take the money and buy some of those beats:

https://www.moonasics.com/shop/moon-explorer-240-mhs-asic-scrypt-miner/

Better than hashlets?

6 weeks for shipping? I would stay the hell away. Your better off preordering the new L1 from bitmaintech, its not shipping for a few months but the price now is 5$/mhs. 120mhs for 599$. If I could spare that for a few months I would preorder 1 or 2 of them.

[alienesb]

I see those hashlets as a loan to GAW (do i think they are hashing with all that mining power at those pools? LOL hell ,no, it´s just numbers)

i hope they pay me back as soon as possible to get into positive ROI

OR i sell my Prime Hashlets which i bought @15.99 for 32$ now (regular price is 39.99$ now, take the money and buy some of those beats:

https://www.moonasics.com/shop/moon-explorer-240-mhs-asic-scrypt-miner/

Better than hashlets?

https://zeusminer.com/product/zeusminer-volcano-300mhs1000wscrypt-asic-miner/

And isn't Moon just a new Hashra company?

[nonbody]

i am hearing all this after i have invested about 50 dollars in this... but don't you keep the hashlets for an eternity and a half, so should you eventually break even and then get some extra coins to spend   ... eventually you will earn some bitcoins as actual profit  



[MOD NOTE: Edited out ref spam]

[bitgeek]

i am hearing all this after i have invested about 50 dollars in this... but don't you keep the hashlets for an eternity and a half, so should you eventually break even and then get some extra coins to spend  ... eventually you will earn some bitcoins as actual profit 

Yes your buying a life contract with decreasing fees so it's kept profitable. You can also sell your hashlets using marketplace section on hashtalk.org. There are great threads with hashlet ROI tracking on this forum.

[nonbody]

i am hearing all this after i have invested about 50 dollars in this... but don't you keep the hashlets for an eternity and a half, so should you eventually break even and then get some extra coins to spend  ... eventually you will earn some bitcoins as actual profit 

Yes your buying a life contract with decreasing fees so it's kept profitable. You can also sell your hashlets using marketplace section on hashtalk.org. There are great threads with hashlet ROI tracking on this forum.

i think its a worth while long term investment.. but i am just a newb 

[Morguk]

The Genesis isn't worth the investment at all, but the Primes and the Zen solo's are!

[lyth0s]

It could just be that they developed super large rigs that have a LOT of mining power behind them. Then they essentially are selling us shares of the miner and thus we get a share of its income, thus providing the BTC investment that they would need to produce and run the miners.

[pineapples]

It could just be that they developed super large rigs that have a LOT of mining power behind them. Then they essentially are selling us shares of the miner and thus we get a share of its income, thus providing the BTC investment that they would need to produce and run the miners.

that's what i assume.

>>//

if they do have very profitable pools,
the budget end of 1mh/s would only equal maybe 50% of 1mh/s for luxury models

so they could sell twice as many hash as they have of the budget version.

[zdaz14]

The Genesis isn't worth the investment at all, but the Primes and the Zen solo's are!

I think the Genesis is, especially if they roll out ZenPool for Sha. Imagine those number. I don't think prices will rise on them though since right now they are forcing Cex/similar sites to rethink their selling....especially with timed contracts.

[coinits]

strange stuff going on here

I only own 15 mhs of Zen Hashlets. That being said, I find it frustrating that they say that I have been paid out hours ago yet it is not in my BTC Balance. Sure it may show it in my Latest Activity and Balance but it is misleading to say that they have paid out when it is not in my BTC balance at the top of the page. Don't fucking tell me I am paid out unless I can withdraw it to multibit.

[nonbody]

strange stuff going on here

I only own 15 mhs of Zen Hashlets. That being said, I find it frustrating that they say that I have been paid out hours ago yet it is not in my BTC Balance. Sure it may show it in my Latest Activity and Balance but it is misleading to say that they have paid out when it is not in my BTC balance at the top of the page. Don't fucking tell me I am paid out unless I can withdraw it to multibit.

i have the same issue
much sadness

[zdaz14]

strange stuff going on here

I only own 15 mhs of Zen Hashlets. That being said, I find it frustrating that they say that I have been paid out hours ago yet it is not in my BTC Balance. Sure it may show it in my Latest Activity and Balance but it is misleading to say that they have paid out when it is not in my BTC balance at the top of the page. Don't fucking tell me I am paid out unless I can withdraw it to multibit.

Just don't check til later afternoon then. It's daily that balance comes later than payouts. I think it runs Everyone's payout before updating balances.

[EvilPanda]

I've seen some people wondering about the whole payment process.
Here's a link to an explanation: https://hashtalk.org/topic/3349/explanation-when-do-i-get-a-payout

[zdaz14]

You know why GAW is pushing hashlets so hard the last ~month?.... its because of these... https://turingstations.com/  "550MH/s – $4,899 ..Power Consumption: 1100-1200 Watt"  when these hit the network 1 mh isnt going to roi in 2 months.

... gaw miners 550MH... $11,000 when from turing you can get it for $4,900.


edit...not to meantion  at 550MH youre paying 8cents each per day... paying them 44$ a day ( for "maintenance"). dont get got friend... at 1200watts IF your KW/h was $.20 (very high)... it would only cost 6 dollers a day to run. thieves.

Oh yay another preorder machine? When KNC delivery theirs? Or did they fail to deliver too?