Topic: PROOF that GAWMiners Hashlet Is Not A Miner - page 3. (Read 10242 times)

Heres another image to check out. Let me know what ya'll make of it.

https://ip.bitcointalk.org/?u=https%3A%2F%2Fhashtrader.s3.amazonaws.com%2F383574542ffbe3665a55d7af4227404c88025fd1e52a.jpg&t=543&c=JQ7C-tGE1fmHjA

I guess no one else here has worked logistics or knows what a datacenter actually looks like.

See the plastic wrapped pallets behind that 1 rack of hardware? Do you see any power cords going to/from the hardware?
This setup to me, looks like it was built for either the purpose of taking this picture, OR its housing empty cases for hardware.

You can see between and under each shelf. There is nothing there.
No power, no networking, no air conditioning.
You can see stacks of pallets in the background. It is a warehouse, setup to take a nice photo.
This is a crypto datacentre: http://imgur.com/a/CcIhX

Behind it?

This is one of Genesis Minings setup, expensive at the moment compared to a hashlet but at least you can see cables etc.

Agree, where is all the wires, mining farm shouldn't be so neat.

Those are just boxes on warehouse shelves.
Nothing is plugged in, where are all the wires?

I thought about that and I think there might be something suspicious with the whole price bumping issues.
Also the whole hashlets packages they provide without detailed info 

From what I understand, the Haslet is a virtual miner. I believe that GAW has pooled a bunch of hardware and are selling off software based virtual slots, e.g. Hashlets, similar to what Droplets are to VPS. They sold off so many hashlets that they had to temporary stop sales and are currently expanding the mining hardware side of things, in order to increase the number of haslets available for sale.

Mining profitability is good, price increase due to the low availability has also made the hashlets a good deal with a price increase from $16 to $40.

I am too drunk to read. But I have a bunch of these. Umm, bump

this is a picture of Josh with the scrypt miners

I actually spoke to josh and carlos garza, in two weeks time you will be able to point to your own pool.

There is always people who rish and-or not get paid double, and people who hide, dont win anything but also have no risk.
Im with people that invested in this hashlets. I dont care if they dont mine. All i care is the profit i make, and so far no one can offer that good
Since i bought hashlets for 16USD, and now they are 40USD I have already won a piece of a cake. And that is most important in everybusiness, to be on the first line when everything is just starting to build up. peace

That's fine, just sharing info from their forums, before they went and made them a trainwreck.  Not heavily invested in them, only running 10 mhash or so.. and like the poster above, who has dumped, I am considering it, since I bought in at 16, and on their forums, people are buying for 30 now.  Between that and the mining time, a 100% ROI does sound tempting

Thanks for your reply on this matter. But again, things are being read into their terms and conditions that are clearly not stated in them.

Now in other terms and conditions of other rental companies, it is usually clearly stated that "you are not buying an individual unit, but rather the share in a unit" or such. There is nothing in the terms and conditions that relates to Hashlets, that specifies in any way that they are tied to, linked with, partitioned from, or related to any actual physical mining equipment.

Except, your partioning of a physical item, and the use of electricity - would imply that your hashlet does infact have some physical (rather than virtual) existence, and does use electricity to mine.

As for your investment - I have not said anything in this thread about the short-term or long-term investment choices that people make by investing in the Hashlet. My only concern is that it is marketed as Mining... when their own terms and conditions clearly state that you are not buying a Miner. That to me, is a big issue, as its a fundamental bait and switch from the offset.

Not a Gaw fanboy, but will offer a rebuttle of sorts

The physical devices and cannot ship serves to make clear the difference between this-  and other hosted miners that they sell and have sold.   Where you buy for instance a warmachine with free hosting for x months, and then you can pay to have them host it, or to mail it to you.    For a cloud mining service, they are selling units broken up into artifical sub units (IE. Mhash size sales of mining power) instead of a machine.

For the pool thing.. Gaw has said on its own forums that all of its units are basically mining their zenpool, because it is getting higher payouts  (to an extent, that is possible, when you control the latency, etc by having everything at one location, blah blah ((Not enough to really explain the difference in payouts, but that is a different topic all together)))   So regardless, if you buy a hash of their mining pool tied hashes, they are still mining their zenpool, paying you out the average for the pool hash you bought, and pocketing the difference.   That's also why you see various price points based out on the profitability levels of the pools as they did their pricing, methinks.

As for the clincher-  

See answer two, and gods above, I want that to be any cloud mining's sole obligation, to provide payouts.

If I have a 1000mh machine and split it into 1000 1 mh hashlets I could fit the terms they describe . So while your guess may be true mine may be true.

As I type I invested 1800 usd in zen-gaw cloud. I have made full and complete return of the 1800 usd. I have about .23xxx btc in coin profit.
I have 6.2mh in  'hashlets' and I have an antminer s-3 hosted with them.  I like you fear scams-ponzi's and or pyramids. So I sold off  almost all my hashlets.  64 of 70 .  I kept 6.2 hashlets in case gaw-zen is great and I am wrong. I also kept the antminer s-3 hosted by them since it was a cc purchase  and i have 60 days cc protection

or it could mean that you are buying a small portion of a larger setup and not assigned to a particular rig - just playing the Devil's advocate here.

I'm not going to accuse them of a Ponzi or Pyramid scheme (though by definition, it would be more of a Ponzi scheme if it turned out that they were not doing anything with the money).

All I can say is - those Hashlets aren't mining. Now they may be day-trading, investing, or whatever to get the BTC back - and all of that is presumably legit/above-board - at least in the regard to those operations. I have no proof to make any such statements, other than I can clearly state from their own terms and conditions.



It also says that "A Hashlet is virtual software". Now as far as I understand, there is nothing virtual about mining. It requires power, and physical hardware of some sort. Also it doesn't say "Hashlet is software". Surely virtual software would be a redundant term if it were to imply that.

You are dancing around their words to try to make it say something, when all it says is what it does not do - It isn't physical. It doesn't imply actual mining on the selected pool - and the hashlet itself is virtual software. Now if you can read those statements and infer from that - its actually mining on their own pool somewhere/somehow - fair enough. But I cannot read that much into what they are not saying. Not in the context of their other claims - such as what the promise to do.