Quote from: FloridaBear on September 05, 2014, 01:39:01 PM

Quote from: bitgeek on September 05, 2014, 12:50:09 PM

Quote from: murraypaul on September 05, 2014, 09:51:23 AM

Quote from: frigidformself on September 04, 2014, 03:02:34 PM

Quote from: Pilotseye on September 04, 2014, 01:54:02 PM

Quote from: lechatnieger on September 04, 2014, 01:49:37 PM

Multihaslet, maybe brown, i guess!!!!!

you cannot change the pool of a Hashlet Solo, it sticks with the pool you bought it for, in your case ~~Multipool~~ Wafflepool (is the brown one)

What happens if the operator of Wafflepool shuts down the site? I didn't really understand the price increase just for the ability to switch pools or stay on one pool.
Did GAW make deals with the pool operators? Like Clevermining and Wafflepool? It hasn't made sense to mine SCRYPT on Wafflepool in a long time, or am I missing something?

Several pool operators have confirmed that they have had no contact with GAW whatsoever, and have not seen any rise in hashrate commensurate with GAW's claimed power.
There is no evidence that the Hashlets exist in any form, or are actually mining on any pool, or any coin.
What you are buying is a contract which will pay you the equivalent rate that you would have earned if you were hashing on Wafflepool, minus maintenance fees. They may or may not actually be mining.
As the expected overall return from that contract is negative, GAW could simply take your initial money, then slowly return it to you, and still make a profit, with no actual mining required.

And there's no proof they aren't.
GAW is not taking your money and giving it back. They have invested in 3 data centers, their main office and bought a domain for $1 million. If they wanted to pay you back your own money they'd just sell fake contracts like Lunamine without the need for any facilities.

They also host actual hardware. But hashlets are not actual hardware...they are "digital," whatever that means. I have to agree with murraypaul here...I doubt there is any hardware backing these things, with the possible exception of Zen/Prime (which might have a positive expected return). It's not really a Ponzi, since I think they will be able to pay everyone (e.g. the expected return is negative). We're basically loaning them money with a negative interest rate ;-)

Just to be clear, I'm not saying that Hashlets do or don't represent actual mining.
I'm just saying there is zero evidence that they do.
They don't even actually claim that they do.
From their terms of service:

Quote

You understand that Hashlets are virtual service units related to mining services, but are not mining hardware. Hashlets earnings depend on the pool chosen and Payouts reflect respective Pool Payouts. Selecting a Pool does not imply physically or electronically mining at the selected Pool. Rather, selecting a Pool determines a Payout corresponding to a calculation based on the selected Pools payout (based on, for example, real-time Megahash/second/day calculations). A Hashlet is virtual software. You will receive Payouts according to the Pool with with the Hashlet is associated. You expressly understand the the Companys sole obligation to You is to Provide a Payout based on the Pool you choose. It may take 24-48 hours for your Hashlet to appear on Your Portal. Company reserves the right to refund You, and terminate services, at any time and for any reason. All sales are final.