Asked his opinion of GAW's founder Josh Garza and Paycoin itself, Theymos said:1

From what I've read, GAW Miners used to be a decent hardware company. However:

Paycoin is really stupid.
Cloud mining in general is a very dangerous field to invest in. (As if mining wasn't dangerous enough…)
Jeff Garza and his lawyers keep sending me legal threats to try to get me to remove things from /r/Bitcoin and bitcointalk.org, which is extremely suspicious and annoying.
I recommend avoiding them as much as possible.