Hi, all. Found the forum and registered because of this thread. I've been looking into Hashlet for the past couple of days. Haven't taken the plunge, but reading this thread, I had to make a comment. To all those who keep saying "As long as you get paid, what's the problem?", the answer is this:
Whether you're an old hand at cryptocurrency, as many (most) here are, or a newcomer like me, the sales pitch itself raises some fundamental questions. Questions that we're not really getting answers to. I think they were posed in the most detail by eightcylinders
way back on page 6.
I might, maybe, get a single Hashlet even without answers to those questions, but I wouldn't risk more than the $16 it takes to do that. There's just not enough info for me to even think about taking a bigger risk than that.
If $16.00 is a RISK for you, you have bigger problems and shouldn't even be hanging around here, Seriously
I think you may have missed my point. The fact it's $16 isn't the risk. The possibility that GAWMiners may be running a ponzi scheme with their Hashlets is the risk. I'm interested in mining cryptocurrency as a hobby, but I can't do my own mining at home for various reasons (mostly because my Internet isn't on 100% of the time). That's what got me looking into Hashlet to begin with. If I buy a Hashlet and it turns out they are a scam and I lose my $16, no big deal. If it turns out they're legit and I make a few bucks of it, that'd be great. Then I get to make a few bucks and I'd roll some of the profits into buying more Hashlets.
A few years ago, I had some extra money and I wanted to try investing in a few low cost stocks just to see how it went. I went in knowing I could very well lose my shirt, but I followed the wisest investing advice I've ever heard, which is "Never invest more than you can afford to lose". I bought a few different stocks, held them for a while, and then sold them. I made a few bucks on some of them. I lost my shirt on a few of them. I broke even on most of them.
Whenever you invest into anything, there's always risk. The sales pitch on Hashlets basically says "There's no risk of losing money, you're guaranteed to make a profit." That is the quintessential sales pitch for a ponzi scheme. I'm not saying that the Hashlet
is a ponzi scheme, but their sales pitch makes me suspicious, which is why I keep researching instead of buying. Like I said, I might take the plunge and get one as a tester. I've almost talked myself into it, despite the fact that I still have the same questions eightcylinders posted back on page six.
Edit: I see there's been a price increase on the Hashlet. $20 instead of $16. From everything I've seen, payouts have been roughly $0.24/day. This changes time for full ROI from 66.625 days to 83.333 days.
