Despite some loud individuals around here I think most rational observers were mainly concerned with the lack of transparency than it being an outright fraud.
I think what's becoming clear now is that GAW's own presentation/marketing of the hashlet has changed significantly from when it was first announced. Instead of "proprietary hardware" we now have "virtual software", no outside pools, no more ZenPool stats, no more guaranteed profitability or ROI. There is a chance or at least a hope than one or more similar shifts will occur in the future and eventually we will have a true picture of what it really is. Right now, as has already been mentioned, there isn't much to speculate on anymore without any new information.
I agree, there's a total lack of transparency. But since I haven't been following this thoroughly, would you mind mentioning where you saw something that makes you believe they now say it's just virtual software? I believe that they're still putting efforts to make people believe this is real. And actually, they claim to be using outside pools, at least they give people the ability to choose between pre-existing pools other than zenpool.
ZenMiner TOS:
Has anyone noticed that with logging in you agree to the "new" TOS?
https://zenminer.com/cloud/terms.html
With things like this:
https://zenminer.com/cloud/terms.html
With things like this:
Quote
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.
oh well least your getting some info outta him...and if that point to any pool thing happens, i'll believe it when i see it...i highly doubt they have all that hash power to fulfill all their hashlets...so i think its just blowing smoke....remember they promised that awhile back...or at least i think eric promised it and then gaw bought'em out...idk things happen to fast
might take a few thousand years to get but still