Public evidence against GAWminers. What am I missing?

[gaw_whistleblower]

Gawminers right now is initiating fraud that is beyond the scope of most bitcoin scams, maybe second only to MTGOX.

They are misrepresenting their products and fraudulently shifting hidden risks to customers. Here are my claims

    They are selling virtual hashes without the actual machines backing it.

    They falsify payouts according to pools that never existed or never received hashes from GAW.

    They are known and have been caught using shill accounts. Not just the company but the CEO himself. Josh Garza.

    They are just generally immature assholes that will ruin the fun for everyone because of their unethical character and greed.

Here are the reasons why I submit my claims based upon public evidence:

Josh Garza publicly stated that the payouts from his virtual hashing machines are from a combination of mining, day trading, and private rentals. https://bitcointalk.org/index.php?topic=720844.msg8601489#msg8601489 Nothing on the product page mentions day trading and it is misrepresentation of risks by omitting such evidence.

None of the pool owners listed on the gawminers website confirmed ever receiving hashes from GAWminers. You can go email them yourself.

The most obvious reason they do not have physical mining hardware would be to read the gawminers TOS. Here: https://bitcointalk.org/index.php?topic=720844.msg8605520#msg8605520

Their Zenpool had consistently paid 2x more than other multipools during the beginning of the launch. Their fake zenpool speed counter went up to 300MHS when it was displayed publicly here: https://www.zenminer.com/pool/ until they realized they are claiming to own more than 50% of the total litecoin network at the time. That is when the counter disappeared when people began to question the enormous scope of their fake mining operation.

The zenpool is a farce. It is fake and it just simulates ponzi payouts. Which was confirmed when the payouts predictably dropped more then 100% few weeks ago and even lower than some of the other multipools. Josh publicly stated this was because "investors" were not buying big contracts. He publicly stated this here:

http://webcache.googleusercontent.com/search?q=cache:8j3lrbmknSgJ:https://hashtalk.org/topic/11712/zenpool-fluctuations-update-update+&cd=1&hl=en&ct=clnk&gl=us

realized his mistake of making such statement and deleted the whole thread.

If a pool requires investors to buy contracts for increased payouts, then you do not have a real mining pool with real mining machines.

Josh Garza used shill accounts on bitcointalk.org here: http://share.pho.to/6pc3a/9a/original . I think he was caught publicly using shills twice. If anyone has proof, msg me and I will send you 0.25BTC.

If this ponzi scheme collapses and if his claims that he sold over 120mm of products this year are true. Then the regulatory fall out will be ugly. This is not a small scam. It is huge and will give ammunition to people like Ben Lawsky to regulate us to death as this occured with a US company on US soil. It will be another Enron or worse.

Please please please educate.

The private evidence I have is much much more condemning. But it should be obvious enough what is already out there publicly.

Also, please feel to present counter arguments.

[cryptodevil]

Josh Garza publicly stated that the payouts from his virtual hashing machines are from a combination of mining, day trading, and private rentals.

That.

Given the guarantees and bold claims made about these Hashlet things, day trading has never been mentioned before and is a hugely alarming element of this structure. If GAW were able to present a product which made its money from mining and hash rental, then you could count on there being a calculable degree of risk/return.

Throw in day-trading and you've now reducing a measurable degree of risk to that of all-out gamble that can only be mitigated if you are planning on profiting from dishonestly manipulating the market.

Unless, of course, the "No" answer you are giving to the ponzi-indicating question, "Do any of the payouts come from a return of capital (i.e. a return of a part of the original hashlet costs)", is only tecnically a "No" because the money paid for a hashlet is first sent for a quick day-trade before making its way back to the payout queue.

That way, you get to say it isn't Ponzi because its not directly paying sums received from new investors to pay old, because you are classing it, instead, as merely the movement of capital from your currency 'trading' operation.

[opieum2]

If you are going to make these claims using their posts which they can modify, I strongly suggest you make a web.archive.org backup before they can edit said posts. Scammers on here typically will do that in an effort to discredit people. Recommend ASAP before it gets changed and their shill accounts come here to "make" you appear like a fool. I agree with what you are saying. But just better document your findings. And have a backup they cannot modify. Take the links you posted and wayback them before you post. That way when they are modified you have proof they are hiding something when they do edit it

Gawminers right now is initiating fraud that is beyond the scope of most bitcoin scams, maybe second only to MTGOX.

They are misrepresenting their products and fraudulently shifting hidden risks to customers. Here are my claims

    They are selling virtual hashes without the actual machines backing it.

    They falsify payouts according to pools that never existed or never received hashes from GAW.

    They are known and have been caught using shill accounts. Not just the company but the CEO himself. Josh Garza.

    They are just generally immature assholes that will ruin the fun for everyone because of their unethical character and greed.

Here are the reasons why I submit my claims based upon public evidence:

Josh Garza publicly stated that the payouts from his virtual hashing machines are from a combination of mining, day trading, and private rentals. https://bitcointalk.org/index.php?topic=720844.msg8601489#msg8601489 Nothing on the product page mentions day trading and it is misrepresentation of risks by omitting such evidence.

None of the pool owners listed on the gawminers website confirmed ever receiving hashes from GAWminers. You can go email them yourself.

The most obvious reason they do not have physical mining hardware would be to read the gawminers TOS. Here: https://bitcointalk.org/index.php?topic=720844.msg8605520#msg8605520

Their Zenpool had consistently paid 2x more than other multipools during the beginning of the launch. Their fake zenpool speed counter went up to 300MHS when it was displayed publicly here: https://www.zenminer.com/pool/ until they realized they are claiming to own more than 50% of the total litecoin network at the time. That is when the counter disappeared when people began to question the enormous scope of their fake mining operation.

The zenpool is a farce. It is fake and it just simulates ponzi payouts. Which was confirmed when the payouts predictably dropped more then 100% few weeks ago and even lower than some of the other multipools. Josh publicly stated this was because "investors" were not buying big contracts. He publicly stated this here:

http://webcache.googleusercontent.com/search?q=cache:8j3lrbmknSgJ:https://hashtalk.org/topic/11712/zenpool-fluctuations-update-update+&cd=1&hl=en&ct=clnk&gl=us

realized his mistake of making such statement and deleted the whole thread.

If a pool requires investors to buy contracts for increased payouts, then you do not have a real mining pool with real mining machines.

Josh Garza used shill accounts on bitcointalk.org here: http://share.pho.to/6pc3a/9a/original . I think he was caught publicly using shills twice. If anyone has proof, msg me and I will send you 0.25BTC.

If this ponzi scheme collapses and if his claims that he sold over 120mm of products this year are true. Then the regulatory fall out will be ugly. This is not a small scam. It is huge and will give ammunition to people like Ben Lawsky to regulate us to death as this occured with a US company on US soil. It will be another Enron or worse.

Please please please educate.

The private evidence I have is much much more condemning. But it should be obvious enough what is already out there publicly.

Also, please feel to present counter arguments.

[EvilPanda]

Here are my claims

And who are you? Anonymous claims posted with a sockpuppet account don't mean much.

   They are selling virtual hashes without the actual machines backing it.

    They falsify payouts according to pools that never existed or never received hashes from GAW.

    They are known and have been caught using shill accounts. Not just the company but the CEO himself. Josh Garza.

    They are just generally immature assholes that will ruin the fun for everyone because of their unethical character and greed.

Hashlets are mining shares, so of course they are virtual. You can ask them for a signed up agreement if an electronic one doesn't suit you.

The payouts are not falsified but "based on the pool's payouts".

Aren't you using a fake account just now?

Looks like somebody here is jealous.

How old are you? You can't be more than 15 to add something like "they are assholes" to a scam accusation claim. Come back when you have a proof of scam
So what now? Make a new account and start again?

[gaw_whistleblower]

Here are my claims

And who are you? Anonymous claims posted with a sockpuppet account don't mean much.

   They are selling virtual hashes without the actual machines backing it.

    They falsify payouts according to pools that never existed or never received hashes from GAW.

    They are known and have been caught using shill accounts. Not just the company but the CEO himself. Josh Garza.

    They are just generally immature assholes that will ruin the fun for everyone because of their unethical character and greed.

Hashlets are mining shares, so of course they are virtual. You can ask them for a signed up agreement if an electronic one doesn't suit you.

The payouts are not falsified but "based on the pool's payouts".

Aren't you using a fake account just now?

Looks like somebody here is jealous.

How old are you? You can't be more than 15 to add something like "they are assholes" to a scam accusation claim. Come back when you have a proof of scam
So what now? Make a new account and start again?

Evil Panda is paid by GAWminers miner to run their signature campaign and help with "PR" on the forums. It is also suspected that he controls a lot of sock puppet accounts.


My evidence is public. Please refute if you would wish. And yes, I do believe Josh is an asshole. Time will prove this but a lot of people will be hurt if we do not stop it now.