What is gaw miner

[Sharkiteuthis]

Sorry for all the posts but that's what this is for. What is gaw miner?  Does it work?  It seems that if you have something that makes money why would you give it up to other people. Why not just make it yourself for your company?

[Rampton]

Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/

[infobiactrader]

Its a cloud miner, which is a common business model for miners nowadays. The reason they sell hashing power is because its much lower risk - they don't have to worry about if the difficulty goes up or anything, because they've already received payment (from you, the leaser of the miner). If you decide to buy hashes from them, you're taking on the risk of increasing difficulty/rising electricity prices, but you also get the potential for increased rewards if mining is successful.

[yeponlyone]

Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/

login.zenminer.com (I believe) is their cloud hashing link.

Otherwsie they sell physical miners for your house!

[Omikifuse]

Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/

They do cloud mining, they are not ASIC manufacturers.

Check the threads in service and service discussion to find out more

[Kprawn]

If you want to have a try at mining crypto currency, but you do not want to spend huge amounts on electricity, or worry about the noise, you use GAW and it's cloud mining services.

They sell you the processing power and they get a % income from that for themselves.

It's the closest the normal person on the street, can come to "mining crypto currencies" like Bitcoin, without the hassles. 

[Rampton]

Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/

They do cloud mining, they are not ASIC manufacturers.

Check the threads in service and service discussion to find out more

Oh, I thought they manufactured them. I guess to answer op's question then is they just make their money from taking their cut, but why don't they just mine the coins themselves instead and keep all the profits? Well, they probably take a big enough cut to make a big profit. Many cloud mining sites are virtual ponzis though and don't even have any miners but just pay out users from other investment so be careful with them (not saying gaw is a ponzi btw).

[DiCE1904]

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

There you go

[shanem]

I know gaw miner gives everyone free 10 ghs  but you need to purchase cloud mining in order to withdraw the btc mined.

[SirLolicon]

GAW Miner is a cloud mining site service

[james martin]

GAW Miners have recently announced some really interesting big plans about the evolution of their mining platform.

[Sharkiteuthis]

The company, like me is in Connecticut. Highest electricity in America I think
Follow up. Why do they bother selling their power instead of using it for themselves

[jackspot]

Really well explained. Thank you all.

[kotwica666]

The company, like me is in Connecticut. Highest electricity in America I think
Follow up. Why do they bother selling their power instead of using it for themselves

Here you have a lot of information about GAW miners and many other cloud mining services:

https://bitcointalk.org/index.php?topic=739510.0

[Pierre11]

The company, like me is in Connecticut. Highest electricity in America I think
Follow up. Why do they bother selling their power instead of using it for themselves

So they get an upfront return on their investments.. Duh

Of course some accuse them of being a massive ponzi, but so far so good on my investment.

[kotwica666]

The company, like me is in Connecticut. Highest electricity in America I think
Follow up. Why do they bother selling their power instead of using it for themselves

So they get an upfront return on their investments.. Duh

Of course some accuse them of being a massive ponzi, but so far so good on my investment.

People talking about that when they need too.. Everyone who will take a risk will laughing about them after JUST 6 months

Edit: We all spend money at our own risk!

[Groc]

Dont worry about gaw, check out AMHash on havelock or hashie 

[Snipe85]

Dont worry about gaw, check out AMHash on havelock or hashie 

Hashie is a probable scam, don't even waste your time.

[Brewins]

It is a cloud mining company.

Read this topic before deciding whether this one or any other company are worth investing:

https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654

[LiteCoinGuy]

warning - stay away from it!

https://bitcointalk.org/index.php?topic=875487.0