Summing up what we have learned for Zen/GAWMiners/Josh email.
Hashlets are some kind of virtual shares of a larger mining/business operation. The yield of Hashlets is currently tied to a pool, but at least for the Prime Hashlets (most expensive) that could change at any point in the future. A Hashlets seems to have some software associated with it as seen in the variable hashing rate.
Money taken in form Hashlets sales isn’t used to directly play out daily yields, although that may be more of an accounting gimmick in some sense. Anyway, it seems likely that those funds are used to invest in the various mining operations. These operations produce the income that is paid back to the Hashlet owners. Various operations are in part:
- From at least scrypt, scrypt-N and bitcoin mining;
- Crypto Currency day trading;
- Mostly from leasing out hashing power to other companies.
The amount income paid back to the Hashlet owner is currently limited by a pool yield and reduced by a maintenance fee. The maintenance fee is could be related to the actual cost of mining hardware used in the profit generation for GAWMiners or it could be just an accounting expense used to reduce gains.
Slowly we are starting to get a picture of what these Hashlets are. Personally I don’t have a problem with virtual mining as I have done very well with B.Mine, B.Sell and B.Exch on HavelockInvestments. I haven’t done well with real mining.
I would discount the "day trading" source of "revenue" from that list. I have personal experience day trading for several years and know other traders and hedge fund managers. Not only is it an extremely hard profession but I seriously doubt any person would possess so many simultaneous skills in so many levels. Not to mention volatility has been low but even after the last price moves, this would require massive investments. Unless he has previous professional currency trading experience in Wall Street or is one of the 1%-5% of successful traders or he is a genius with an 180 IQ, I don't believe this is a realistic not to mention minimally sustainable source of cash flow for payouts.
By the same token, it's statistically probable that he might also run the late shift for drinks as a bartender in a local bar collecting tips in bitcoins. hehe.
We might probably add instead professional services revenue from cryptocurrency software or hardware development consulting to the list. Now that's at least more realistic if he has some experience on that that we don't know of.
