You didn't profit from your cloud mining, you profited from handing your bag of shit to someone else. If GAW wasn't actually mining it was fraud. The "never obsolete" hashlets could be fraud. There are probably numerous securities violations throughout this whole mess. It has fraud/ponzi scheme written all over it.
I looked at the PayCoin thing as any other alt coin trying to start up. I think most of them aren't scams, but someone trying to get rich quick.
The never obsolete thing is a definite possibility. I forgot about that quote before you bought one. If Red Bull can get in trouble for "Gives you Wings" I see a case.