Is gaw miner cloud mining is legit or it just a scam like hash profit pbmining hash ocean etc
Please comment your views here
They actually had 4 periods in their life as a business:
Hardware resellers - legit
Hardware hosts - legit
Cloud hosts - legit for some time until they scrapped it somewhere in December/January. People who still had miners there at that time lost their money, so it turned out to be a failure. Since they didn't reimburse their clients it can be called a scam.
Altcoin developers - I don't even know where to begin. Even if it's not a scam it certainly looks like a failure.
well, the most so called cloud miners are doing the same. The minering is not profitable so how can they offer profit?
If you take a look over this forum, everywhere you will see someone screaming "scam". I don't know GAW but I am just saying that I saw so many fake scam reports here....
So the fact that other cloud mining sites are scams somehow justifies what GAW did? Or did I misunderstand something?
Keep in mind that GAW purchased hardware (Antminer S4), provided cloud mining service to its customers (arguably fractional but that's another story) advertised as "Hashlets are Digital Cloud Miners you own that never expire". Then one day abruptly cancelled it event though the service was still profitable according to their own pricing structure (IIRC daily maintenance fee 0.01 USD per 5 GH/s). There is no excuse for that.
Furthermore, they sold off those Antminers. At the very least they should have compensated their customers with proceeds from that sale.
