you are correct, although gaw is more eficient than doing it at home, ie it costs them less, yet they charge 10 times the cost of doing at home. and again i dont know why you would irrationally justify that, other than you are a paid lacky of gaw or bought into their brainwashing forum where all info is white washed. it wasn't stupid to buy from gaw if they honored there product release info and reduced costs so that the most paid for maintenance was the release date itself and things only got better from there. but they are taking over 10% which is theft.. things got so bad they took 100% of payouts(hashers got 0 btc)..FLAWED FLAWED FLAWED. THATS THEFT... there obviously should be entire threads on profits in there forum with calculations, the only reason not to would be a dishonest reason. and the declining hosting fees should be extremely transparent, certainly not up even with conversions. and not over 0.013 or 10%. if they cant do business without taking hashing profits then they shouldn't have pretended to be in the business of doing that.
You've got some pretty interestingly flawed calculations of your own in your rant. Agreeing with Phil that they charge $0.10/kWh to host and then stating they charge 10 times the cost of doing it at home implies you can get $0.01/kWh at home. Good luck with that.
Hashlet Genesis is $.01 per 5 GH/s per day - or $2.00 per 1TH/s per day. That's the equivalent of running 1W/GH/s (i.e. Antminer S2) equipment at $0.0835 power costs, or 0.78W/GH/s (i.e. Antminer S3) equipment at $0.107 power costs.
If your power costs are cheaper than that, by all means, run your own hardware.
Taking 10%, 20%, whatever percentage is not theft. You purchase the hashlet, you agree to the fee structure. It is plainly obvious to anyone who bothers to actually look at the fee structures that there can, and likely will, come a point where the fees are greater than the earnings from the miner. This is absolutely no different than what happens to the home miner. In fact, if you take a look at a number of threads right here in the Speculation forum, you'll see plenty of people debating whether or not they should keep their miners running. The expectation is that as difficulty goes up, the value of BTC will correspondingly go up. Sadly, this is not always the case.
Whether you purchase hardware and do it yourself from home, or you purchase cloud hashing, you are making an investment. There is no guarantee that your investment will be profitable for you.