Quote from: CryptoGoat on February 18, 2015, 04:22:21 AM

Wednesday 18 Feb 2015

Hashlet End of Life Announcement

Its been given quite a bit of thought. The research has been ongoing. Market conditions continually observed, performing a great deal of analysis. Customer have been heard, many of who are wondering what they can do with their Hashlets.

Whats been discovered is as many other cloud mining providers have seen, the decline in bitcoin price, a lack of mining profitability and a high cost of maintenance, it will be necessary to terminate the Hashlet Program. Though there exists a desire to keep it alive, conditions simply will not support that goal.

This will not happen immediately. Its imperative that ample notice be given that the Program end date is imminent. While no date has been specified, yet, rest assured that when known, notification will be provided.

The mining industry is quite volatile. However, GAW Miners has always developed a way to create success for Hashlet customers. This time will be no different!

While the Hashlet program will end, the creation of three options has been developed to ensure terms are met and customers are satisfied. The three options are:

   There will be a period of time where there will be a conversion opportunity. This will allow Hashlets to be converted to HashStakers with the goal of continued profitability. As is widely known, HashStakers are time based, so notification will be provided on how long the HashStaker program will last before it expires, before the conversion takes place.

   A HashStaker Marketplace will be created where HashStakers may be bought or sold.

   GAW Miners is forming a partnership with a new, next generation and cutting edge cloud-mining platform. Should a decision be made to leave a Hashlet in its current form, it will be automatically converted to a voucher, equal to customers original purchase price that will be redeemable in the new platform.

According to Jonah Dorman, Interim CEO of Business Technology for Cryptocurrency, we are providing an opportunity for our customers to remain ahead when volatile market conditions exist, convert their inactive Hashlets and if desired, successfully exit the Program.

** edit to add link from GAW
  -- https://blog.paybase.com/hashlet-end-of-life-announcement/

Just another poorly written horse and pony show with no substance. Their mission statement should read - "When in doubt, convert"...

By the way, what does "Business Technology for Cryptocurrency" even mean? If proper English was their intent, it should be: Cryptocurrency Business Technologies <--- oopsie... that would mean his recycled BTC domain wouldn't work... so sad - too bad.

Regardless of being a poor attempt at creating a new persona for BTC, it should at least be: Business Technologies for Cryptocurrency
[there are many technologies that facilitate and support business within the crypto sector; not just one]

Scott-