What is gaw miner

[Amph]

cloud mining that also sell equipment

[EvilPanda]

cloud mining that also sell equipment

That's right. They used to be the biggest hardware reseller in the US, but now are focusing mostly on cloud mining and releasing their own altcoin.

[ikydesu]

This is cloud mining service

Hey if you want to get free 10GHs on gaw miner, you can shoot me with PM

[kotwica666]

This is cloud mining service

Hey if you want to get free 10GHs on gaw miner, you can shoot me with PM

You forgot to add that only for new users..

[AJinNYC]

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

Then WTF is this? http://www.amazon.com/GAW-Miners-Fury-Scrypt-Miner/dp/B00LP3GDF2/ref=sr_1_1?ie=UTF8&qid=1418436404&sr=8-1&keywords=gaw+miners

[EvilPanda]

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

Then WTF is this? http://www.amazon.com/GAW-Miners-Fury-Scrypt-Miner/dp/B00LP3GDF2/ref=sr_1_1?ie=UTF8&qid=1418436404&sr=8-1&keywords=gaw+miners

A rebranded version of this: https://zeusminer.com/product/zeusminer-blizzard-s2-1-3-1-4mhs/

GAW was never a manufacturer, only a reseller and a host.

[AJinNYC]

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

Then WTF is this? http://www.amazon.com/GAW-Miners-Fury-Scrypt-Miner/dp/B00LP3GDF2/ref=sr_1_1?ie=UTF8&qid=1418436404&sr=8-1&keywords=gaw+miners

A rebranded version of this: https://zeusminer.com/product/zeusminer-blizzard-s2-1-3-1-4mhs/

GAW was never a manufacturer, only a reseller and a host.

Fair enough...

[naltex]

It seems best to stay away from that company.

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

[Coef]

It seems best to stay away from that company.

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

GAW is probably not the most transparent and trustworthy cloud mining company in the world, but it is definitely not the worst.
https://bitcointalk.org/index.php?topic=878387.0

[bitgeek]

It seems best to stay away from that company.

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

Posts:   1

So you made another account just to post the link to your thread. People these days...

[krunox123]

Before you invest on any cloudmining companies..
Please click on my signature to learn more about dem ponzi.

[inBitweTrust]

Likely a scam company that sells fractional reserve hashing. Run away from them!

[bitgeek]

Likely a scam company that sells fractional reserve hashing. Run away from them!

They are a US registered brick and mortar company that accepts credit cards, so you can not only do a chargeback but also visit them in their office and decide for yourself if they are trustworthy.
They are also the owners of btc.com domain and own over 5PH of mining power.

[naltex]

It seems best to stay away from that company.

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

Posts:   1

So you made another account just to post the link to your thread. People these days...

It seems that the thread is plenty popular already, it doesn't need my help.

[shadowmoon]

Lol  That is a cloudmining website

[inBitweTrust]

They are a US registered brick and mortar company that accepts credit cards, so you can not only do a chargeback but also visit them in their office and decide for yourself if they are trustworthy.
They are also the owners of btc.com domain and own over 5PH of mining power.

Butterly labs and Mtgox also were brick and mortar companies with public faces as well.

This only reinforces my statement that they are not a full ponzi but are selling fractional reserve hashing. 5PH is a small fraction of their sold contracts. Why can't they verify the rest when doing so is so easily done?

Spending 1.1 million dollars on a domain is actually evidence that they are indeed selling fractional mining and being dishonest. They are making incredible investments for a company that is in a hyper competitive industry with razor thin margins where they don't have the advantage that others do because they do not manufacture the ASICs themselves.

The latest POS paycoin scheme will further float this partial ponzi.... and you can bet that Josh will have plenty of excuses why individuals cannot directly cash out at 20 usd per XPY soon. Will it be some regulatory issue, some temporary problem with paybase, some weird KYC requirements forcing most to reinvest their XPY into his "miners" instead?.... Wait for it, it is coming.

[bitgeek]

5PH is a small fraction of their sold contracts.

Spending 1.1 million dollars on a domain is actually evidence that they are indeed selling fractional mining and being dishonest.

Did they publicize any financial records? How do you know how many contracts they sold?

A domain it is also an investment. Maybe one of the investors wanted it anyway. You don't know where the money came from.

[inBitweTrust]

Did they publicize any financial records? How do you know how many contracts they sold?

A domain it is also an investment. Maybe one of the investors wanted it anyway. You don't know where the money came from.

Because we can get an good idea that 5PH is a small fraction of the contracts sold when Josh exaggerates to the press from time to time like a con artist does to set bait out to make their victims salivate.


FROM the CEO's own mouth ---


http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/

Mr. Garza denies all charges of wrongdoing and stands by the heady claims he makes about the size of his operation: 200,000 customers; $120 million in revenue over six months; a mining operation that accounts for 50% of all new bitcoin computing power coming online.


You are busy rationalizing the small possibility that GAW may possibly be legit, while anyone with a bit of common sense can quickly do some math and see that the numbers do not add up and he has been caught in too many lies (*ahem* mistakes breaking partners NDAs) to be taken credibly.

It is certainly possible that Gaw just has a CEO that is trying to launder money and/or avoid taxes and is very sloppy with his comments and certainly has the hashrate backing up his contracts. The evidence points in a much different direction to anyone using any critical reasoning skills however.

I predict that investors expecting to cash out at 20 USD a coin with Josh's POS paycoin scheme will see some last minute excuse why they cannot . I predict Josh will blame it on regulators and possibly make it impossible for International clients to withdraw from or submit KYC for paybase. Wait for it..... it is coming.

Go ahead and drink the koolaid and wait for the GAW empire of lies to come crashing in like with PBmining, mtgox, butterflylabs, ect....

[bitgeek]

So you are speculating on the numbers he gave in an article. Personally I believe they don't have 200000 clients and, unlike PB, sold the hash power they actually owned. It's possible that their paycoin will fail, it's just an altcoin and most altcoins are pumped and dumped and never reach adoption. What makes their coin better is the money they are pumping into it. Most devs don't even have $10000 to put into the project, no 5PH of hardware to mine with and people still invest. Do I have to remind you that a lot of people still consider Bitcoin a pyramid scheme?

[inBitweTrust]

So you are speculating on the numbers he gave in an article. Personally I believe they don't have 200000 clients and, unlike PB, sold the hash power they actually owned. It's possible that their paycoin will fail, it's just an altcoin and most altcoins are pumped and dumped and never reach adoption. What makes their coin better is the money they are pumping into it. Most devs don't even have $10000 to put into the project, no 5PH of hardware to mine with and people still invest. Do I have to remind you that a lot of people still consider Bitcoin a pyramid scheme?

I am not speculating, just using his own claims , to calculate he is full of shit; 50% of all new hash power ... really?. Since you agree above you don't believe he has 200k clients than you agree with me that he is a liar. Personally, I stay clear of frauds and recommend other do as well. I'm glad we are on the same page.

Ohhh , yes, there will be plenty of cash flowing into paycoin and its moving from all the investors who cannot follow the KYC procedures which will likely be setup to delay or prevent them from dumping their 20 usd coins to the few that can support his partial promises .

Paycoin has been crashing and most miners are expecting to immediately sell them for 20 usd a coin from paybase -

http://coinmarketcap.com/currencies/paycoin2/

13.41 spread right now josh needs to cover, that will probably grow to 15 to 18 by the 19th  22nd.

Expect another last minute change. Its already being setup now by unknown KYC requirements.