Topic: Are hashlets worth it? - page 3. (Read 10104 times)

So your source is a hearsay. How does that prove he fabricated anything?

I expected you to read the rest and not base the response on just the first sentence.

I haven't seen any complaints both here and on hashtalk and there's plenty of evidence in the ROI tracking threads (you could contact philipma1957 for more details, he was one of the early investors, who provided evidence of the payouts). If you bought hashlets in August or September you've already reached ROI or are very close to it. I've also talked to a number of people who had hosted  hardware before the hashlets came out and all of them are past ROI.
Also note, that most of GAW's sales came at the time of vaultbreakers and the innitial hashlet boom, when they openly promised to take care of their clients. If you bought at that period you profited, there's no other way.


1. Why are you putting in my mouth words that were never said? The payouts would simply have to increase a bit, preferably to the point before the lasth month's bitcoin crash.
2. You'll have to ask GAW.


You are using it to support your claims, so if you find it convenient you have to at least partially agree with it.
Yes it is, but don't forget there are more legit companies than scams.


Let me know if you make the list. I don't think even real scams can have a 100.

That's why I'm arguing. Whoever wanted to sell could do it and leave. Most mining companies don't offer this option, so when GAW launched Hashlets they were one of the best and safest companies for cloud mining. They also allowed you to purchase with a credit card, which is a feature most sites don't offer.

They paid out more money than they aquired, and used the funds (this may shock you) not to run away, but buy more miners, invest in the company, which makes them trustworthy in my view.

Did you even try their services?

So basically your only proof comes from trusting the word of a guy who has fabricated stories in the past?

Source:



So you are basically admitting that there is no hope to profit at current rates unless the price goes through the roof which is unlikely because they are so unprofitable.

Why is it that GAW can no longer offer competitive rates?


I didn't really state my opinion I just included all the facts. Many people just aren't aware of how easy it is to anonymously prove a cloudmining company is actually mining.

Of course bitcoins lead developers opinion should be taken seriously and you cannot pretend that the cloudmining world is not full of ponzis like he says.


500 was obviously an exaggeration but I think 100 is actually possible and I'm tempted to make a list to find out.

As for how many people have been scammed, it really depends on your definition of a scam. They haven't outright stolen peoples money but they have acquired it via false advertising/promises/gimmicks. You could argue that it's not scamming, just bad business practices, but either way makes them untrustworthy.

GAW could have just ran a solid cloudmining company focused on giving their customers the chance to profit via prices only possible through massive economies of scale (like the original plan) but instead they just added a bunch of gimmicks/promises combined with aggressive/misleading marketing.

I got this info from the man himself. I haven't seen any complaints both here and on hashtalk and there's plenty of evidence in the ROI tracking threads (you could contact philipma1957 for more details, he was one of the early investors, who provided evidence of the payouts). If you bought hashlets in August or September you've already reached ROI or are very close to it. I've also talked to a number of people who had hosted  hardware before the hashlets came out and all of them are past ROI.
Also note, that most of GAW's sales came at the time of vaultbreakers and the innitial hashlet boom, when they openly promised to take care of their clients. If you bought at that period you profited, there's no other way.
On the other hand cuttent payouts aren't looking good, so hashcoin, or an increased demand on the marketplace are the only ways for October buyers to profit.


I've been running sig campaigns for 8 months now and had a number of such cases. On one hand it looks like a scam when somebody acts like 2 different people to gat paid, on the other he has to do twice more to get it. I didn't include a rule forbidding sockpuppets, because it's hard to prove unless he makes a mistake. Anyway, thanks for the info.


That poll is based the votes of 35 people, that's not enough to draw conclusions, especially that just 10 more votes would tip the scales in the other direction. What are 10 votes compared to a couple hundred GAW's investors. Also in your first post you basically stated your opinion and supported it with Gavin's statement, so I'm not surprised most people voted in your favour.


I don't blame you, we're just talking here. I have my opinion you have yours, but you're exagerating. 500 red flags? Give me the first 100 and I'll believe there's as many as you said.  
So how many of their clients can prove they were scammed by GAW? So far the only scam claims were false, and posted from newly created accounts. That should tell you something.

I agree both are a much better investment although a different type. These are the true sense of mining. The best way to make ROI in GAW is trading like an btc exchange. The way the payouts are in GAW you wont ROI on mining alone unlike in pbmining and ltcgear where you most likely will

PBmining or LTCgear.com, both much better

I will Prefer pbmining over hashlets....BTC

Thank you jimmothy for bringing out these points and like I have said before other TRUSTED people in the BTC community have also said many non-positive things about the company. As far as panda.... Gave me bad trust for no reason at all, have not had any dealing with her for a while (this was 1 day after I said "jimmothy ripped new ass on some shill posters, I guess panda took it personal). Abuse of the trust system and as everyone can see makes money from Gaw.

I'm not denying the fact that many have seen ROI. I don't know how you couldn't ROI if you bought a prime hashlet at $15. However you are going to need to provide evidence to support your statement that more 50% of people have turned a profit.


I didn't mean 100% of the people will tell you that they are untrustworthy. I mean that the majority feel that way, which is true.

https://bitcointalksearch.org/topic/cloudmining-without-proof-of-mining-poll-839849

That poll shows that 2/3rd of miners think that a cloudmining company hiding their mining address is a sign of a ponzi, and that's only a single red flag.


I'm not ignoring anything. The size of the company says nothing about it's legitimacy. Lunamine had hundreds of naive/gullible customers before collapsing, would you say they are trustworthy? What about bitcoin-trader.biz? Or cryptcominer?

You can't blame me for thinking GAW is a ponzi when they've taken every precaution to dress themselves up as one. There is absolutely no reason they need to have 500 red flags when other cloudmining companies can operate with transparency/integrity.

1. If you think it's not true, then you haven't seen any ROI tracking threads.
2. People can promote whatever they like and have as many accounts as they want. It's funny that you point this out but ignore the fact that there are sockpuppet accounts in every bigger thread on this forum. Some are also used to attack GAW, but are very rarely banned, simply because this is not against the rules.
One guy with 4 aliases was recvently banned: https://bitcointalksearch.org/topic/m.9426078
3. "Go to anywhere on this forum/reddit/investment advisors and they will all tell you the same thing, GAW is untrustworthy". Not true. There are many people on this forum, me included with positive experiences.

You're still ignoring the uncomfortable fact, that GAW is not a small club with 50 customers, but one of the biggest mining companies in the crypto world. Since the beginning of the year when they started to sell miners they offered their services to numerous clients and how many of them reported scams? If you want to play detective do your job right: get a list of people who were scammed by GAW, let's count together how much money they invested and lost. I may even apologize to you and say that I was wrong about them. Otherwise we can bounce this ball back and forth for another month.

Don't forget to count those false claims, made by sockpuppets, since you like to expose them. A hint: there were at least 2. 

And to finish, an eye candy for you: https://twitter.com/gawceo/status/530490091266134017/photo/1

No that's, that's absolutely not true.

Go to anywhere on this forum/reddit/investment advisors and they will all tell you the same thing, GAW is untrustworthy.

Some noobs here have yet to get scammed in the bitcoin world so it's understandable they can miss/ignore the mountain of red flags, but please for the sake of the community, don't drag other naive/gullible noobs into the scam.

Look at https://www.reddit.com/r/GAWMiners/ if you want a better understanding of the situation. That place used to be a haven for GAW zealots to unite and share praise for the company but they could only ignore the waves of red flags hitting them in the face for so long before coming back to their senses.

So what you're telling me is that you have access to GAW's real financials? I'm 99.0% sure you just pulled that number out of your ass to make a point.

Sidenote: did you catch the person using 4 shill acounts to promote GAW yet? In case you missed it: https://bitcointalksearch.org/topic/m.9464539

GAW is not a ponzy. They are one of the most reputable altcoin guys around. Now whether investing in hashlets now will give an ROI is a different story. I actually was an early investor and sold all hashlets a week ago. I made ROI because I got primes for 16 each. However GAW may be overreaching themselves with their plans now and you can bet they will have their share of problems. Whether you want to join them for that ride is up to you but they wont scam you.

In GAW's case over 50% of investors got their money back and then some. In a pyramid scheme those early birds are financed by the crowd that comes after them, so it's impossible for even 50 % of them to get out with profit, and in this case they did.
On the other hand if the payouts and fees stay the way there are there won't be any new customers.

Because no ponzi in the history of ponzis has given great returns to the few early birds right?

Compare the current returns to the past where people where able to ROI. Early birds were able to turn a profit in ~1 month, new customers are looking at ~1-2 years until they break even at current rates.

There is of course a chance that GAW decides to lower the fees/increase payouts but it's equally likely that they decide to make fees 99% of what you earn and/or are a ponzi and run with the money. GAW CEO is the puppet master of your ROI and there's nothing you can do about it.

What would you say to all these people who invested and got 120% or more out of it? We're talking about hundreds of people here.
I thought that ponzis are being financed with their money so it's impossible for the majority of investors to profit...

But normally risk is proportionate to reward.

With mining you are looking at a lifetime profit of 10-20% but could also result in a ~50% loss so already the risk/reward ratio is poor. Adding the massive risk of GAW being a ponzi makes the risk/reward ratio about as poor as it can get.

With hashlets, the risk/reward is basically like flipping a coin, heads you win $5, tails you lose $50.

Are you seeing red flags/risks everywhere? Well probably you should, because it is bitcoin world, and investing here is risky as hell. We may lose everything tomorrow after all if bitcoin crashes. And without risk there is no gain too.