Topic: GAW Miners - page 2. (Read 9874 times)

Gaw actually costs $.08 cents to host now but that is not the point. You are correct that you should not use them if you can buy electricity cheaper elsewhere however you fail to mention that the electric/maintenance cost of gaw miners will decrease over time as they socialize the older customers by adding more efficient hardware to what they sell and charge all customers the average price

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.

    The bottom line is this Gaw charges 10 cents a kwatt to host.
 If your power cost at home is under 10 cents do not use them. In fact if you are in the USA and with the colder weather coming make it 11 or 12 cents a kwatt.

well u read it. if u did not u wouldnt have been avle to respond.



ONLY ON GAW CAN SOME BODY BE MINING AND GET A NEGATIVE PAYOUT. but it is all negative if they are taking your btc over the price of maintenance and electric. gaw's website should say "possible 100% fees"," we can literally say everything u mine is ours." 100% + is the only way to get negative payouts.  they have gone so far down hill that  that was able to happen. GAW has pushed so hard to remove logic from their forum that they believe there own propaganda. they constantly have people trolling making up "fake positive sentiment"  IF U Came ACROSS this DOING research before YOU BOUGHT, Congratulations. read the thread and you will see illogical gaw cheer leading (this is typical and bought and paid for by gaw). You will also see the truth about what they turned into. the prices seem low but you would have to pay $2.40 per mh a month. with difficulty rises u dont even make that per month. another good example is this if u had 100mh and never withdrew a single dollar and used every last bit of coin you made to buy more hashing(never taking out a single penny [ or satoshi]), one day you would have nothing. thats right u would be broke- everything would be gone. if u kept the original money and bought something at least you would have something to show for it. If gaw cared they would thank people who pointed this out to them. they would have threads on their forum dedicated to open, very honest, daily profit calculations. Why remove these calculations from there forum? instead they should promote them to show people how good they are. profiting is the only reason to mine. hashing your money till gaw employees take it all home in their pay checks makes no sense. It would be absurd of you to insist that mining with an insurmountable gap between "money in" and "profit out" is legit. i miss legit GAW. but they drank the koolaid hard. they have lost their minds as of now. i hope to see a huge outpouring of honesty by them. when i sing their praise you know it will be real not brainwashing. i love everybody at gaw but they took a dark turn and they would step on a miners head to take coins now

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they dont have to pay the people who actually bought hashing. obvious gaw employee here

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hmmmm,  ... evrybody is so concerned with the big guy. nothing about great service for the miner here. doing things on a large scale decreases costs. ie makes it better than doing it at home. not 10 times more expensive.

What's so hard to understand that ZenCloud is a business?  They have to pay people's salaries, they have to pay for their rent, they have to pay for equipment, they have to pay for a lawyer, an accountant, a phone line, webhosting, and they have to pay for thousands of little things that business requires.  They never said it's only for electricity.

Yeah they take the fees for electricity hosting and webhosting... To get something finally simple yes I like it.

By the way today the MultiHashlet got for the first time a negative payout and GAW will fix the maintenance fee and make something else for us miners so that all Hashlets could stay profitable. I just want to say that yeah some Hashlets income can be compared to other cloud mining service, but I only recommend Zen Hashlet cause its the most ROI profitable.

Why don't you rephrase that, nobody's going to read through this gibberish. If you don't even care to start a sentence with a capital letter don't expect others to care for its meaning.

ah ha- so you have just admitted i am right. it is also not open market practices if the truth is not able to be freely discussed. they have booted people for talkind about it. if people talk about it- then others hear about it- then they to stop buying-then gaw has to adjust its practices or loose market share-THAT IS OPEN MARKET- and if they dont like it they should leave. but at every step of the way THIS should be brought up. (they sell there products under mining hardware on their site and under hosted.) so they are hosting. they also said, as pointed out by others besides me, that hosting costs would drop as new miners were added- new miners were added and the cost did not drop- that is dishonest- if they have nothing to hide then people can talk freely on the forum- but they ARE hiding the truth...BUYIN GAW 13 miners A month (after electric) for a 120mh contract and saying that it is maintenance- is a lie. The money they spend covering up there tracks with planted posters and fake trolls should stay with the mh owners. it is illogical that somebody would argue with this without an underlying dishonest motive.

So you bought shares and are unhappy with the fees? I don't think this subject is open for a discussion. They can choose whatever price they wish and the free market will regulate it. If there's a lot of demand they will keep the prices, if not and the competition pays beter, they will do what they can to lower them, or go out of business.
What you're doing here is trying to make them lower the fees, which is completely pointless.

There are many comparisons between GAW and other cloud mining companies, and I can already tell you that GAW pays a bit better than others, but the numbers are pretty similar, so they all must be unfair.
You can always get rid of them and move on. I'm sure other fair mining companies will welcome you with open arms.

that is bs. you dont pay salaries out of peoples mining. 28nm chips making 120mh would be about 400 watts at the wall without the added benefit of running professional grade power supplies and using efficiency measures, tax breaks,hi use contracts. at 0.10 per kwh that is $28 a month... 120 * 0.08*30days= 288 dollars.so 288-28=260 that is proportional regardless of the mh you are using... so they would be taking $260 a month(just dollars for u people who kept talking dollars)..SORRY THAT IS THEFT. stay away from gaw till they have open fair discussions  , NEVER NEVER NEVER, is that ok. u guys are fake positive trolling. i am not trolling i am saying those calculations are not permitted on their forum-BECAUSE THEY ARE REAL.  after electric for something that just sits and runs u shouldn't have to pay gaw (13*20=260) 13 brand new hashlets a month to take care of your hosting. for this calculation i would say $20 is more than generous.  so $48 a month for for 120mh would be appropriate which would be 0.013 cents per day per mh... way fare..they get maintenance  covered (still pocket a little ie maintenance) and people who hear 8cents and dont do the math are not taken advantage of and gaw still rakes it in

True

No problem... didn't want people to misquote you later and say how high the fees are.

Edited, Thank you jonnybravo0311

It's $0.01 / 5GH/s per day for the Genesis... so $2.00 per day per 1TH/s.

Your Hashlets are virtual, GAWMiners use real mining hardware. Nothing to program, just pay-activate-earn.

True and False. You get about the same abouts in Bitcoin, but when the Bitcoin price is low, simply don't touch your money until the Bitcoin price as gone to normal. ( Bitstamp )

For the rest I think your right.

cxboyminer, In fact you can mine both.

First


1. Yes. With the Genesis Hashlet you mine directly in Bitcoin pools, the 3 available pools are Guild, Hash and Multi. With all the other Hashlets you mine in Altcoin pools, but you get paid in Bitcoins. I may suggest you to check my Tutorial Screenshots on my blog.
2. 0.08/MH  ( Altcoin - Zen, Prime, Clever, Multi, Waffle Hashlets ) , 0.01/ 5 GH ( Genesis Hashlet is 10 GH )
3. First the hardware used to mine Bitcoins is different than Altcoins. Sky is the limit for the Hashlets quantity and size
4.Only the Prime Hashlets at the moment can mine in the pools you want, and you can do some double pool hashing called Double Dipping. Tonight there will be an announcement with GAWMiners CEO, and October 26th Project Prime will be released on www.btc.com, we don't have any news about the new features of Project Prime.
5. What I like the most from GAWMiners is that you have your Hashlets for life. You can even sell your Hashlets back in the Hash Market  when you want

Is your ticket answered ?

oooooook guys... Calm down, I'll answer one by one to you.

its kinda weird ... people sound like they are disagreeing with you but then they prove the point i am trying to make in the process