Hashlet are not physical hardware. They are basically a new form of upgradeable cloud mining contracts that you actually own.
So you can buy whatever you want for $15.99/MH then pick from about 4 well known scrypt pools (which they may or may not
actually be hashing at) or the Zen Hashlet pool, which they say is guaranteed to perform better than any other pool. So yes,
there is some smoke and mirrors here I think, but for cloud mining which is usually at $25/MH, non-transferable contract that you
don't own, etc. Hashlets make sense for people who want to make some btc without the hassle of physical hardware and being
able to buy as much as they want or as little to try it out. I bought a few MH and so far it seems to be working. Only time will
tell, GAW claims next week will be an upgrade program, hopefully it is a very good offer, or I will not give up my physical asics.
If you want to see more about it, check out my signature below for a discount.
In your interpretion are there any coins actually being mined? In my view that is a very simple and clear distinction between something sold as a "miner" (hardware, digital, whatever), which should be mining something, and a virtual contract such as B.MINE/B.SELL, which is purely a financial instrument. Both have their uses as long as there is no confusion which is which.