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Topic: What is gaw miner - page 3. (Read 3759 times)

hero member
Activity: 525
Merit: 500
November 20, 2014, 12:34:52 PM
#7
Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/

They do cloud mining, they are not ASIC manufacturers.

Check the threads in service and service discussion to find out more

Oh, I thought they manufactured them. I guess to answer op's question then is they just make their money from taking their cut, but why don't they just mine the coins themselves instead and keep all the profits? Well, they probably take a big enough cut to make a big profit. Many cloud mining sites are virtual ponzis though and don't even have any miners but just pay out users from other investment so be careful with them (not saying gaw is a ponzi btw).
legendary
Activity: 1904
Merit: 1074
November 20, 2014, 02:48:19 AM
#6
If you want to have a try at mining crypto currency, but you do not want to spend huge amounts on electricity, or worry about the noise, you use GAW and it's cloud mining services.

They sell you the processing power and they get a % income from that for themselves.

It's the closest the normal person on the street, can come to "mining crypto currencies" like Bitcoin, without the hassles.  Grin
legendary
Activity: 1834
Merit: 1009
November 18, 2014, 04:04:20 PM
#5
Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/

They do cloud mining, they are not ASIC manufacturers.

Check the threads in service and service discussion to find out more
hero member
Activity: 504
Merit: 500
November 18, 2014, 03:47:06 PM
#4
Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/

login.zenminer.com (I believe) is their cloud hashing link.

Otherwsie they sell physical miners for your house!
member
Activity: 116
Merit: 10
November 18, 2014, 02:46:09 PM
#3
Its a cloud miner, which is a common business model for miners nowadays. The reason they sell hashing power is because its much lower risk - they don't have to worry about if the difficulty goes up or anything, because they've already received payment (from you, the leaser of the miner). If you decide to buy hashes from them, you're taking on the risk of increasing difficulty/rising electricity prices, but you also get the potential for increased rewards if mining is successful.
hero member
Activity: 525
Merit: 500
November 18, 2014, 11:59:31 AM
#2
Gaw miners is a company that sells miners. Just google them. Why sell miners? Because that's their business model and how they make their money selling their products.

http://www.gawminers.com/
newbie
Activity: 22
Merit: 0
November 18, 2014, 10:29:43 AM
#1
Sorry for all the posts but that's what this is for. What is gaw miner?  Does it work?  It seems that if you have something that makes money why would you give it up to other people. Why not just make it yourself for your company?
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