Topic: Proof of dishonesty and lies from Gawminers.com Hashlet Ponzi Scheme Scam - page 2. (Read 13502 times)

What I just posted on another thread:

How about this.
Go out and get a 0% for x months credit card. 12 to 15 month offers are everyplace now if you have any kind of credit.
Once you get the card, buy Hashlets up to your limit.
As your payouts come in convert the BTC to cash and use it to pay down the credit card.
If before you pay off your card GAW turns out to be a scam / ponzi then you call the credit card company, tell them and be on your way.
They will not make you pay off the rest if you have been using your payouts to pay them back. You are out nothing but a bit of your time.
If they are not a scam, then who cares, you pay off your card, take your profit and be on your way.

I have 250 Mh/s and I don't think they are a scam. I just think they are more interested in making stuff pretty then making it work well.


It's a growth thing, for now it's more marketing then pure engineering.  If you look at some BTC mining pools you see that. Why do people go to ghash instead of eligius? Because ghash is nicer looking. And although WizKid who runs eligius looks to be a very good programmer, he can come off very cranky at times. Ghash support might ignore you (a lot), and then not deal with the issue (a lot), but they have never (at least I have never seen them) lash out against someone in a public forum.

That matters. I left eligius and now mine elsewhere after supporting them for a long time because of WK attitude of dealing with some things.
Same here a GAW, their support is horrible at time, but they at least pretend to be working on it. I have had other places who do work on problems and then after it's fixed tell you to f--k off.

Just my view.

Off to grill for the holiday.

-Dave

Don't even quote it, acount that posted it is a troll and hasn't defended his claim or even logged in for over a week.

where in all that is the proof? what did I miss?

Hi All,

I have been a great supporter of the bitcoin since the its inception and it amazes me how far we have gone. We had a few bumps on the road (cough mtgox cough) but otherwise, it has been a dream come true.

I have been close with GAWminers.com and seen the inside workings and it scares me. I will not post allegations without evidence. The conclusion is for you to decide and my faith in this community rests amongst you to warn other newbies of the risks they are getting into when dealing with this company. Please do not let another BFL come to fruition.

GAWminers.com has launched a new miner called the "Hashlet" and people seem to be buying this up without asking any questions. Here are the claims of the device:

"We’ve produced a miner incapable of negative ROIs because the maintenance fees can reduce over time! Thats right, there will never be a time a Hashlet cost more to run then you make, and they will always make money."

"Hashlets will be the only miners that will be able to mine to the new ZenPool, the Most Profitable Pool in the World [...] that can deliver payouts almost twice as high as the top pools today!"

"Hashlets are upgradeable. How can a digital miner be upgradeable? Simple, because its digital and we built it"

Also, the CEO Josh Garza is known for his unscrupulous past (Just google his name or search on reddit). They were active on bitcointalk.org but it got so bad by complaining customers that they created their own heavily moderated web forum hashtalk. Any negative post on there gets deleted within seconds.

They also created sockpuppet accounts to attack customers and write positive feedback about themselves. They were caught doing this here:

http://share.pho.to/6pc3a/9a/original

But paid off or somehow convinced the original forum member to remove it.

Very good at PR spin and I can not believe they are getting away with this.

Regardless, I am sure most of us that know about cryptomining can see this for what it is. My fear is that they are targeting newbies without disclosing the full truth. Without letting them know the risks they take for buying a ponzi miner. Is this the best way to introduce new people to the world of BTC?

Granted, I think Gawminers.com has a good chance of getting away with this if we do nothing.

So, what can we do?

I am starting to see a pattern here.....anyone named Josh seems to be involved in scams.....Josh (BFL), Josh (AMT), and now another one for GAW miners. Is this some kind of thing with people named Josh?

Josh is indeed very good at this. Didn't he attack KnC?  At least KnC is a proper company that has proper R&D. GAW's vaultbreaker is a total joke.

I don't agree when you say " I don't have money so lets talk crap"

I have showed you our mining farm, it does cost a lot of money to build.
https://bitcointalksearch.org/topic/m.8534072
But I don't have $8M to buy my own company like what Josh did.

If you consider logical reasoning as crap, well, I don't know what to say.

So this FlexHash site - doesn't look like they're selling anything, looks like it's just trying to prove how they think GAWMiners is running a scam. Is that the business model? Try and sell hashes on the foundation of trying to convince people that GAWMiners is running a scam?

Lol he's trying to advertise his site by accusing the competition of dishonesty.

Is that how cheap marketing looks like nowadays? I don't have money so lets talk crap on some forums and people will come like flies

Pathetic!

Lol he's trying to advertise his site by accusing the competition of dishonesty.

Is that how cheap marketing looks like nowadays? I don't have money so lets talk crap on some forums and people will come like flies

Pathetic!

Well, you do not have to trust me. You can simply list everything you know so far, and use your own brain to analyse them.
Regarding your legal perspective, GAW will see some legal actions very soon.    Also, FYI, all these four scrypt ASIC manufacturers are based in China, not in the US.

Four asic chip manufacturers that you know of.  You still have no proof.  Focus on building your own service.  You are obviously worried that GAW will make what you intend to offer obsolete.

Aside from that, their suppliers legally cannot discuss orders from another customer with you.  That's against the law. 

So your claim that you have spoken with these manufacturers is either grounds for a law suit, or entirely false.

Please allow me to explain that there are 4 script ASIC manufacturer in the world at the moment, in the order of product releasing: Gridseed GC3355, Innosilicon A2, Zeus & Silverfish. We have close relationship with all of them.
There are other companies probably working on it as well but they do not have a product yet, e.g. KnC & blissdevices.

Now, could you please explain what do you mean "custom hardware"? Are you talking about the "vaultbreaker"?  I don't believe GAW is capable of developing an ASIC chip themselves.
Even if they wanted to, it will not only cost a lot of money but also many months.
If you are interested, there is a really good article interviewed Gridseed CEO (in Chinese, you can use google translate to get the rough idea):
http://www.gridseed.com/news/2014/04/23/3/


BTW, do not believe the revenue figure they claimed. They just want themselves to appear big in order to attract more customers.