Does Gawminer prove they are mining with actual hardware?
Is there a blockchain address I can verify gawminer has X amount of hashing power? Or even a pool address?
How do you explain BS like:
- Hashlets can never be unprofitable/never breaks down
- Hashlets can mine on multiple pools
- Scrypt+sha256 miner
- Changeable Algorithms
Everything about hashlets screams ponzi and on top of that it's not even a good deal (for the bitcoin miner at least). They want $0.9/gh when you could buy hardware for less than $0.5/gh.
I'm willing to bet this "super advanced hardware" is actually just a few servers running calculations on how much each user SHOULD be paid for mining and redistributes users payments accordingly. (like a ponzi)
Hashlets are shares, so you don't own a particular miner just a share in it. It can never break down, because they have more hash power then they are offering you, so if one miner gets damaged or replaced you won't even notice. They won't be unprofitable, because they promise to keep the fees low, so you'll always get some profit, no matter what the difficulty will be.
According to them they are leasing most of their hash power to companies (some people even suspected they are doing some code or phone cracking with it) and the payouts are calculated based on the pool payments, so yes it's probably done by a server.
They showed the pictures of 2 data centers they were building and a warehouse full of hardware, so the hash is not fake.
I suspect the main difference between GAW and other companies, the one that makes people suspicious, is that the software seems completely separate of the hardware. You're doing all these upgrades, boosts, pool switching in the API, but it doesn't affect your miner directly. It just afects the way your profits are calculated, while they are directing the power to whatever they feel is profitable at the moment.
I agree, their SHA ofer is not the most profitable, but scrypt looks good. They actually were paying better than most of the competition for the last few weeks.
The super advanced hardware was mostly based on A2 and Zeus units (at least that's what they showed us). But there's no doubt it's there, so I'm willing to bet they are not a ponzi.