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Author Topic: So confused what is GAW ?  (Read 3001 times)
bbit
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October 02, 2014, 01:30:06 AM
Last edit: October 12, 2014, 03:21:34 PM by bbit
 #1

Gaw Miners.


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October 02, 2014, 03:41:04 AM
 #2

Yep!
They was hardware, but now they are most profitable cloud miner
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October 02, 2014, 05:09:46 AM
 #3

are they really profitable ?
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October 02, 2014, 05:55:56 AM
 #4

are they really profitable ?
Like anything they were extremely profitable for those who got in early
Right now with current BTC prices faling and the prices on their hashlets rising
Not so much.

They sell sha at 10gh for 8.95 and scrypt of different flavors from $14.95 to 49.99 for the hashlet primes that can mine two pools simultaneously every 12 hrs.  GAW is profitability yes ROI in 3 months if the trend continues but those who got in early got primes for $16 vs $45 .

⚫ ⚫ ⚫Make even more profit on crypto trading with secure automatic trading https://trade-mate.io⚫ ⚫ ⚫
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October 02, 2014, 05:58:58 AM
Last edit: October 02, 2014, 06:59:58 AM by Unacceptable
 #5

About a 3 month ROI for Zen Hashlets,maybe a bit longer depending on the altcoin network hashrate.a major increase can extend that by a month or 2  Wink

Just stay away from the Genesis or any sha-256 type hashlets  Roll Eyes

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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October 02, 2014, 07:35:02 AM
 #6

Pleople who bough "hashlets" for $16 like 1 mounth ago, ROI inmediatly + profit, with the raises in the price, of the "primer hashlets".
(selling their mh/s for $30-$35-$40).

Still profitable?
Maybe, 50+ days.
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October 02, 2014, 01:44:51 PM
 #7

its a company that its customer support really sucks i had a ticket openned since July and still they try to find
the details mostly trying to make me get bored and stop dealing with it
I have contacted all of them and no solution
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October 02, 2014, 01:54:15 PM
 #8

GAWMiners is both mining hardware reseller as well as cloud mining reseller.

They sell mostly Scrypt miners, but now they're focus is on selling cloud mining contracts or "Hashlets".

I wouldn't bother with any cloud mining contracts at this point, it's pointless at this time, especially with all the Scrypt Asic Hashrate getting dumped onto the network.

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October 02, 2014, 02:58:34 PM
 #9

its a company that its customer support really sucks i had a ticket openned since July and still they try to find
the details mostly trying to make me get bored and stop dealing with it
I have contacted all of them and no solution
If you tried to explain your issue the way you did in this post, no wonder they couldn't "find the details". Sometimes there's just no solution Cheesy


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October 02, 2014, 03:18:24 PM
 #10

its a company that its customer support really sucks i had a ticket openned since July and still they try to find
the details mostly trying to make me get bored and stop dealing with it
I have contacted all of them and no solution

Hi!

I am sincerely sorry that your ticket has taken longer than we would like. Our Customer Service Manager, Amanda has been working very hard to get this resolved quickly for you now Smiley She will continue to help via ticket, that is the best way for us to track the progress.

I appreciate you working with us and allowing us the opportunity to make this right.

Respectfully,
Amber
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October 03, 2014, 01:25:15 AM
 #11

Pleople who bough "hashlets" for $16 like 1 mounth ago, ROI inmediatly + profit, with the raises in the price, of the "primer hashlets".
(selling their mh/s for $30-$35-$40).

Still profitable?
Maybe, 50+ days.

Still confused.  I see Waffle Hashlet 1 $17.95 is ths $17.95 a mo ?  Why would it take 50 + days to see a return on $17.95 ? someone explain!


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October 03, 2014, 02:38:38 AM
 #12

Pleople who bough "hashlets" for $16 like 1 mounth ago, ROI inmediatly + profit, with the raises in the price, of the "primer hashlets".
(selling their mh/s for $30-$35-$40).

Still profitable?
Maybe, 50+ days.

Still confused.  I see Waffle Hashlet 1 $17.95 is ths $17.95 a mo ?  Why would it take 50 + days to see a return on $17.95 ? someone explain!

Lets do the math..............

http://litecoinminingcalculator.com/index.php?khs=45000&diff=34786.6727143&cdiff=34786.6727143&fee=0

--------------------------------------------------------------------------------------------------------------------
Just for sake of argument:

Earnings for 1 mh=1000kh:
0.03 LTC / Day  
0.83 LTC / Month
10.14 LTC / Year

https://www.cryptsy.com/markets/view/3

Current price per LTC=0.01162075 BTC

0.01162075 x current BTC price of $373=$4.33 per LTC

So,it takes 33+ days @ .03LTC per day to get 1 LTC.So to get your $17.95 back will take 4+ months..............
------------------------------------------------------------------------------------------------------------------------

That's with LTC mining,but we are being paid via BTC @ 0.00031947 BTC per day with Waffle rates (they go up & down,so this is an estimate).

So you need to earn 0.0481233243967828 BTC (@ $373 BTC price)= $17.95 =150+ days..........or around 5 months.

0.00031947 x 150 days = 0.0479205

Zenhashlets get 0.00060319 per day,so we need 0.0561662198391421 BTC (@ $373 BTC price)= $20.95 = 93 days.........or a little over 3 months  Wink

0.00060319 x 93 days = 0.05609667

Whatcha think now!!  Grin

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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October 03, 2014, 03:02:54 AM
 #13

Sounds like a waste of life time money and a lot of grief
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October 03, 2014, 03:25:33 AM
 #14

Sounds like a waste of life time money and a lot of grief

Not really.....no power bill,no fusing with hardware  Cool

I prefer in hand hardware myself but with diff rising & power bills rising,it's about the only way to mine anymore  Cry

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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October 03, 2014, 07:05:53 AM
 #15

its a company that its customer support really sucks i had a ticket openned since July and still they try to find
the details mostly trying to make me get bored and stop dealing with it
I have contacted all of them and no solution

Hi!

I am sincerely sorry that your ticket has taken longer than we would like. Our Customer Service Manager, Amanda has been working very hard to get this resolved quickly for you now Smiley She will continue to help via ticket, that is the best way for us to track the progress.

I appreciate you working with us and allowing us the opportunity to make this right.

Respectfully,
Amber
amber@gawminers.com

I WONDER IF YOU CAN OFFER SOLUTION I HAD TO MUCH HELP SO FAR AND DID NOT HELP MUCH
 
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October 03, 2014, 07:56:32 AM
 #16

its a company that its customer support really sucks i had a ticket openned since July and still they try to find
the details mostly trying to make me get bored and stop dealing with it
I have contacted all of them and no solution

Hi!

I am sincerely sorry that your ticket has taken longer than we would like. Our Customer Service Manager, Amanda has been working very hard to get this resolved quickly for you now Smiley She will continue to help via ticket, that is the best way for us to track the progress.

I appreciate you working with us and allowing us the opportunity to make this right.

Respectfully,
Amber
amber@gawminers.com

I WONDER IF YOU CAN OFFER SOLUTION I HAD TO MUCH HELP SO FAR AND DID NOT HELP MUCH
 

Solution:

Buy BTC.

Solution:

Do your own calculation on costs vs earnings and determine if you should go with GAW.

Solution:

If you are uncertain that is one very good reason to avoid any sort of investment in Bitcoin especially cloud mining. There are plenty of good posts regarding cloud mining and GAW use those to learn more. Do not believe everything you read and make sure to check the numbers people give you for errors or worse wild speculative assumptions.

Now it's time for the FTC to put everything Butterfly Labs has done through the magnifying glass and then burn the wings off those bastards.
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October 03, 2014, 03:23:55 PM
 #17

Sounds like a waste of life time money and a lot of grief

I have never spent a penny on BTC and don't even have a wallet.

With such attitude towards btc and mining what are you even doing here?



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October 03, 2014, 03:37:13 PM
 #18

I was trying to learn if btc was worth mining, my attitude was good until I learned what a scam cloud mining is.  I also learned that bitcoin is not an investment. 

I plan to use it as a purchasing tool now.  I like to bet sports and my favorite book takes btc
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October 03, 2014, 03:48:50 PM
 #19

If cloud mining is a scam then what about mining as a whole?
You considered mining profitable, but cloud mining a scam, so what is the difference between sending money to a company and waiting a few weeks until they send you the miner, that needs another few months to ROI, and sending the same company the same amount of money so they can plug in the miner and host it for you?




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October 03, 2014, 04:04:30 PM
 #20

If cloud mining is a scam then what about mining as a whole?
You considered mining profitable, but cloud mining a scam, so what is the difference between sending money to a company and waiting a few weeks until they send you the miner, that needs another few months to ROI, and sending the same company the same amount of money so they can plug in the miner and host it for you?





ROI not possible for home miners unless you work out when to sell the equipment at peak and get mined coins plus cost of the miner that would be larger than the money you invested initially in the miner and the cost of running the miner or a modest return potentially.

So no. Right now.

1. Buy BTC if you think it will rise over the longer term. Do your own research and read more.
2. Do not buy miners or cloud mining at this time. But again do your own research and read more.
3. Do not invest anything in BTC or Mining or Cloud Mining unless you are ok with losing 100% of your investment. It is very risky and there is absolutely no guarantee of any return.

Having said that there are people who still mine small scale at how who swear up and down it can make a modest return and those who promote cloud mining etc but you are the only one who can make the right or wrong decision, so educate yourself beyond asking questions here in this forum. Go and read long and deep into mining and cloud mining in the threads right here in Bitcointalk. Then do your own calculations.

Now it's time for the FTC to put everything Butterfly Labs has done through the magnifying glass and then burn the wings off those bastards.
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