Topic: DELETE PLEASE (Read 6017 times)

lots of interesting personal insight there.  i don't think it's a Ponzi scheme either.  like you said, if it was, why would anyone blatantly put themselves out in the open when they don't have to ?  mining and manufacturing companies are barely coming into their own, as this is still a new niche market.  time will tell.  i have received my payouts daily--no issue.  lots of variance though. 

Gonna throw my 2 cents in here, been lurking in threads about GAW for a while and I just can't figure out their end game...

I had 2 hosted miners with them before hashlets and now have 1 hosted miner and 3 haslets and have never had an issue with payouts. I've done some reading about their CEO Josh Garza and his original company Great Auk Wireless (where the name GAW comes from) and it kinda seems like he is a genuinely good guy. Read one news article about how he returned grant money cause he couldn't deliver what it was for, even though he wasn't required to give the money back. Which makes me question why would this guy who is verifiably a wealthy business man take the risk of running a ponzi scheme and possibly losing everything and going to jail. Honestly I can't come up with a single reason why anyone would do that other than that he never intended to.

Before hashlets you could request hardware be shipped to you (which I have done twice and still haven't received anything but excuses and offers to upgrade to a hashlet) and that was a problem for them. I don't believe they actually ever had the specific hardware they sold you, although I do believe they have some, quite possibly a lot of mining hardware. Hashlets were the obvious solution to this, now they could continue selling hashpower without the worry of ever having to provide physical devices. This is evidenced by the fact that on their own website and on oneminer they sell used hardware. I bought a gridseed blade used from them and its churning away right now, but it was never hosted just purchased and shipped. My hosted miner (the one I have left not converted to a hashlet) seems to exist only on the screen as all I've got when requesting it be shipped is a one line email we're backlogged, might take a while, how about converting to a hashlet at no extra charge.

So as I see it, their problem was they grew way too fast and kept selling product even though they knew they didn't have it and couldn't get it quick enough to satisfy existing orders, yet they kept taking more. The hashlet business model could work if they buy hardware cheap enough and sell it used while its still worth enough to substantially cover next gen costs. While they only give us the option to mine a very few pools and get paid only in BTC we all know that with active management you can achieve a much higher payout. I have 17MHs with them and some days I make more with the 6MH I have on my desk. So I do believe they are mining, just not necessarily what and where they say they are, and they probably don't have the 230GHs they say they do, but maybe 170Ghs or so and with a little luck and some day trading, leasing etc. they cover their payouts and make a bit of profit.

In closing I want to say I have no insider information and have no idea if any of what I said is true, its simply based on my observations the most likely scenario. I don't think Josh Garza ever set out to screw anyone, and I think hes trying not to, but he may have grown too fast.

Well, I am not agreeing with him at all. In fact, apart from their veil of secrecy they have been paying me on time and daily - which I sort of understand because their Hashlets are so forward thinking and cutting edge, every joe bloggs with a hardon for mining will want to copy their ideas. I guess it's their way of staying top of their brand. Over the last two weeks I've seen other cloud mining websites adopt lifetime contracts over the traditional yearly ones that were originally passed out.

Virtual mining or not, fact of the matter it earns me good btc and I'm happy with that. I've used them for about 2 months, just before the Hashlets came out - to be honest I've never had a problem. Any support query has been back to me in a day at most.

Sorry your experience has been so bad!

I gave GAW a bye ( or is it by or buy?) until I read the ToS above and realized that they ain't mining shit when I got 6 letters in.

These motherfuckers are lying through their motherfuckin' teeth and I will now start exposing every single one of these fucks.




Whether you realize it or not, you're echoing the same exact things espoused on Pirate's Ponzi scheme. The only difference is, is that GAW admits to not having miners, and that it's all virtual mining.


And, so did every other scamming hardware company that's bitten the dust. They, too, sold the easy hardware to be manufactured promising the moon soon to some. Results? All those who've ordered are left howling at the moon while the wolves are long gone fucking Goldielockes on some beaches.

It's stupid to shout SCAM before providing any reasonable doubt. It's preying on peoples already uneasiness about the Hashlets. Quite honestly they are not too forthcoming about their intentions and how it works.

I can confirm though, it's paying me out about between 0.5 / 0.6 per week and I have happily withdrawn this without any hassles (I've also reinvested it too).

If it were a Ponzi why register as a U.S. company ?   Why accept credit card payments ?  the company did sell quite a bit of actual hardware prior to cloud mining. 

Hello.

I would just like to put my two cents in.

I have been running with GAW on their Hashlets for 2 month so far. I invested in a btc loan to get some good MH/s at the end of last month. The value of which amounted to £900 or so.

So far I've had about £300 of that back in less than 20 days so the implication that these guys are frauds I wouldn't hold much stake in. I've also had people tell me on other forums that I shouldn't invest, but behold and surprise surprise once I get chatting with them they've tried to introduce me to their new fangled cloud mining system.

Yep, they've fucked up royally on occasion, and in those 2 months I've sent at least 6 support messages - they've always sorted it though, and refunded my btc when needed. Scam? Nah, they're well worth it in my eyes.

(If you're querying the roi value - I invested when prime Hashlets were cheap as chips, not $49 per MH/s as they are now. To be honest I am scratching my head as to why they are so expensive. Unless we are having some awesome changes soon. But meh, they also have zenhashlets which give you a very decent $20 per MH/s - so it's not all doom and gloom (I have a few now).

Anyway - question to the thread topic starter. Hey dude. What did you invest your $15,000 in? Why and how did you lose it? And why didn't they give it back to you? - If you can't answer all of these easily then I suggest you tout your crap elsewhere.

There are better threads about GAW to post in, no need to pick one started by a troll and liar.

15 times to get my withdrawal to work. No need of it.

everything works fine here with my hashlets and i have made 40% roi back already

Every time. And I mean every single fucking time that I go to withdraw my BTC I get a message about not being able to process the transaction or the withdrawal button will not work. The service is unacceptable. I find it a strange coincidence that the system to take money works flawlessly.

We are only taking about earnings from 15mhs. Each time that I have managed to get my BTC dust out it was after trying multiple times. Today it will not work after at least a dozen attempts.

GAW had better make this right because I am still within the window of going to my credit card company and asking for a reversal. They do not fuck around. GAW will have no say in the matter. It is 100% on my say so. SO GAW FIX YOUR FUCKING WITHDRAWAL SYSTEM.

So you're all talk and no trousers.

Hi GAW troll (EvilPanda)
English is not my first language.
We have not started offering products and services to customers yet. It takes time to build a proper system and sell real hashing power.
Anyway, we have run mining farms for some time. and you are just a troll.

In charge of what? That non-existing company you're trying to promote? No services offered, no customer base, not even a working site. The only thing you're in charge is your memcid sockpuppet account, who said a few days ago he likes to masturbate to Jennifer Lawrence. LOL

True, GAW can't compete with something that doesn't exist.


How can you be in charge of a company if you can't even write a proper sentence?

troll?  you are paid by GAW and I am in charge of FlexHash.  you are calling me a troll?

I have said again and again, FlexHash does not consider GAW scam as a competitor.  However, since this is a scam that will damage the industry, I will expose them.

I have said long time ago that they have not bought any hardware miners from ASIC manufacturers for months. You said I am a troll.  Now themselves declare that they are not using real miners.
I have said long time ago that their tiny mining farm cannot support 230GH/s scrypt hashing rate, they are lying to their customers. You said I am a troll.  Now they have stopped showing their hashing rate.
I have said long time ago that they are not using any of those 3rd party mining farms for real. You said I am a troll.  Now they cannot play that any more and stopped 3rd party pools.
 

Dear GAW sock puppets. I wish I have hired trolls like you. Let me know your price.

You made your point - people asked for YOUR proof but in the end you dismiss them and just type words like I am right now.

End of the day you bought hardware and you seem like a bit of a dick to be honest and I wouldn't want to deal with your shit if this is how you act in real life. People have far more important things to do than deal with someone going apeshit over their own problems.  Sell your hardware and move on ffs.  Its far easier then creating new shill accounts to spam the same nonsense because you missed out on 16$ per M/H haslets.

I wonder what hardware you bought and the price per M/H ?? WHEN did you get it ? How long have you been running it As I dare say you are doing the math and are upset that you cant ROI in a week and then profit.  Hardware becomes available to the general public WHEN they are on the verge of being obsolete everyone knows this.  I wonder if you put your 15K into blackcoin before its massive pump would you have cared ??  maybe you should have spent less - another golden rule eh - only put in what you can AFFORD to lose. Not put in as much as you want and whinge and bitch forever all the time if it doesn't pay off.

Is there going to be a 3rd or 4th thread you are going to post this in as well  ?  You spam it again then call anyone who replies to you that doesn't say the things you want a troll, fudder - massive problem of this forum.  Therein lies the problem that you cant let go of if you want people to take you seriously.



Besides, you make this sound like its your first "major" expense in mining hardware ---- if you can even call it that.  


To answer your question...only you are with your many sock puppet accounts.

I think that would be a no brainer for them to implement.  It was making customers question their true hash rate/pay outs.   Let's see how that pans out in the next couple....

Setting this as reference for down the road.  Let's see how this pans out. 

A valid question is.  What pools are these miners part of?  I heard you have no control over your pools.  That would be a red flag for myself...

How about this.
Go out and get a 0% for x months credit card. 12 to 15 month offers are everyplace now if you have any kind of credit.
Once you get the card, buy Hashlets up to your limit.
As your payouts come in convert the BTC to cash and use it to pay down the credit card.
If before you pay off your card GAW turns out to be a scam / ponzi then you call the credit card company, tell them and be on your way.
They will not make you pay off the rest if you have been using your payouts to pay them back. You are out nothing but a bit of your time.
If they are not a scam, then who cares, you pay off your card, take your profit and be on your way.

I have 250 Mh/s and I don't think they are a scam. I just think they are more interested in making stuff pretty then making it work well.
It's a growth thing, for now it's more marketing then pure engineering.  If you look at some BTC mining pools you see that. Why do people go to ghash instead of eligius? Because ghash is nicer looking. And although WizKid who runs eligius looks to be a very good programmer, he can come off very cranky at times. Ghash support might ignore you (a lot), and then not deal with the issue (a lot), but they have never (at least I have never seen them) lash out against someone in a public forum.

That matters. I left eligius and now mine elsewhere after supporting them for a long time because of WK attitude of dealing with some things.
Same here a GAW, their support is horrible at time, but they at least pretend to be working on it. I have had other places who do work on problems and then after it's fixed tell you to f--k off.

Just my view.

Off to grill for the holiday.

-Dave

From another thread:

Proving they are running a ponzi is pretty hard unless the authorities bust in with search warrants and go through their account and mining practices. You don't find it slightly odd that the price more than doubled in a week for the hashlet and they have a private pool that pays more than nicehash or wafflepool and they pay 11% return a year on BTC deposits? The owner then posts that they cut off sales earlier this week because they ran out and can't build a datacenters fast enough then they go back on sale a few days later?   

I'm not buying this nonsense that they are mining some coin, holding it to control the majority stake in value, then shorting it to dump it back on the market and using the profits to pay into the pool. My opinion is that they are mining maybe 30-40% with actual hardware, then taking new sales to pay back into a pool that they trickle out, maybe doing some arbitrage, maybe some gambling, and who else knows what to scrape BTC from the well. They won't tell anyone how they pay people, they won't give you the transaction id of the mined blocks, they won't give you any information on the source of the bitcoins other than to say it comes from the pool you select.

Here's the interesting thing, if you ask them whether or not the full 100% amount paid to you comes directly from the pool you "pick" to mine from, they won't confirm it.

Hey, forum is for everyone and anyone can post in any topic they want. So get a proof otherwise STFU :/

Troll couldn't stand an honest post and got angry because I mentioned his alt (flexhash)



Tell us all how you were to get proof, diasppeared for a few days and came back with no proof but a new account instead.
Or that story about your federal friends who are investigating the mater

I do, because they were right by me from the beginning.
When I was asked to run their forum campaign I told myself that if they fuck up I'll immediately close the whole thing, so I started reading about them. There were of course people who bought hardware and had some issues, delays, problems with communication, but when I took their posts and forwarded them to GAW, they were taken care of, so I knew they weren't running a scam. I've also seen hundreds of praises and people who were more or less happy with the services and noone who could prove they paid and got nothing (and I've seen such posts in some other manufacturer's threads).

I've also seen people attacking them for private reasons, like those flexhash trolls, promoting their own mine, and situations like that make me think GAW must be doing something right to attract this kind of people.

I'm ready to reason with anyone in this case, just show me some proof that they are planning to steal your money.

Bitcoin Savings and Trust (pirateat40) was also paying their clients for a long time.

People are careful about their investment decision because Bitcoin transactions are irreversible AND because there have been so many scams in the past. That Gavin was asking his question about "fractional reserve mining" as a reply to a GAW posting is remarkable.

I dunno man, you put a lot of trust into these guys.  Good luck with that.

You highlighted the wrong parts:

"You understand that Hashlets are virtual service units related to mining services, but are not mining hardware. Hashlets earnings depend on the pool chosen and Payouts reflect respective Pool Payouts. Selecting a Pool does not imply physically or electronically mining at the selected Pool. Rather, selecting a Pool determines a Payout corresponding to a calculation based on the selected Pool’s payout (based on, for example, real-time Megahash/second/day calculations). A Hashlet is virtual software. You will receive Payouts according to the Pool with with the Hashlet is associated. You expressly understand the the Company’s sole obligation to You is to Provide a Payout based on the Pool you choose. It may take 24-48 hours for your Hashlet to appear on Your Portal. Company reserves the right to refund You, and terminate services, at any time and for any reason. All sales are final. Pricing of Materials and Services is subject to change, at Company’s sole discretion, at any time, including after you have purchased Materials and/or Services (including Hashlets). Adding an item (such as a Hashelt) to a “cart” does not “lock in” a price. Maintenance fees may be adjusted up or down by the Company at any time and for any reason. Your Portal may not always be available."

Check out the terms of service and what's buried in there, I saw this from someone else in another related thread.  Watch out people... avoid them or you might get scammed later on.

https://zenminer.com/cloud/terms.html

"You understand that Hashlets are virtual service units related to mining services, but are not mining hardware. Hashlets earnings depend on the pool chosen and Payouts reflect respective Pool Payouts. Selecting a Pool does not imply physically or electronically mining at the selected Pool. Rather, selecting a Pool determines a Payout corresponding to a calculation based on the selected Pool’s payout (based on, for example, real-time Megahash/second/day calculations). A Hashlet is virtual software. You will receive Payouts according to the Pool with with the Hashlet is associated. You expressly understand the the Company’s sole obligation to You is to Provide a Payout based on the Pool you choose. It may take 24-48 hours for your Hashlet to appear on Your Portal. Company reserves the right to refund You, and terminate services, at any time and for any reason. All sales are final. Pricing of Materials and Services is subject to change, at Company’s sole discretion, at any time, including after you have purchased Materials and/or Services (including Hashlets). Adding an item (such as a Hashelt) to a “cart” does not “lock in” a price. Maintenance fees may be adjusted up or down by the Company at any time and for any reason. Your Portal may not always be available."

This is what i see when i read trolls stories.

Slap me with enormous hairy d*ck will this shit ever end ? Another Ponzi troll account that post 99,99% of his posts about GAW...

The only thing that yells are your spam posts all over the forum.

https://hashtalk.org/t/zenpool-howdeedoodat-some-thoughts/8225/132


https://bitcointalksearch.org/user/gaw-minersceo-321841 GAW Miners_CEO

quoted from suchmoon's thread: https://bitcointalksearch.org/topic/gaw-zencloud-zenpool-hashlet-does-it-really-exist-always-make-money-720844 GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)

I don't about this poster or the credibility of his specific claims. The Hashlet specifically though seems incredibly questionable.

This guy has many accounts here and this is not his first thread about GAW.

First he came here and made a thread where he called gaw a scam, but deleted it when asked for a proof. He said he'll get proof and come back. He then made a new account and started to promote his own mining operation saying it's bigger, better and more real than GAWs. This is his third attepmt.

Before you start dancing to his music just take a look how old his account is and what his posts are about.
He just registered here and wrote 21 posts in 2 days, all about how bad GAW is, if you think this is just a simple scam accusation, think again

The GAW clusterfuck reminds me of NeoBee. A lot of Marketing and a minimum of details.

Since you accuse them of being a Ponzi scheme, instead of them proving otherwise, where is your evidence to prove that they are?

UGH,

Please don´t tell me i made mistake (Not worry only invested what i could afford when losing it all. Would su.ck yes but...)

I bought not long time ago:

5 Mh/s hashlet @ 74.99
5 Mh/s hashlet @ 74.99
5 Mh/s hashlet @ 74.99

1 Mh/s hashlet @ 14.99
1 Mh/s hashlet @ 14.99
1 Mh/s hashlet @ 14.99
1 Mh/s hashlet @ 14.99
1 Mh/s hashlet @ 14.99


SO total 20 Mh/s total.



Actual balance is 42.95$ and not touch it until i have my money back then i pay out, more i ca not do now. So fingers crossed



PS: I saw prices jumped 24.99€ for 1Mh/s , wow thats 10$ more than i paid  

DELETE PLEASE