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Board Service Discussion
Re: GAW Miners (Scrypt/SHA256 miners and Hashlet cloud) independent feedback thread
by
dooglus
on 09/11/2014, 16:14:12 UTC


A friend told me yesterday he had bought some GAW cloudmining thing, so I tried looking into it.

I had previously always thought that cloudmining was a waste of money, and that you'd be unlikely to get your investment back ever.

Now I'm even more confused. I apologise that I've not read this huge thread to see if these points have been brought up before, but figured I should ask before concluding that the operation is a scam.

In the forum ad (quoted above) I see "Never obsolete" and "Always profitable". How can that be? If the difficulty continues to rise, all existing hardware will become unprofitable and hence obsolete. How do GAW ensure that this never happens?

What does "no pool fees" mean, when their site clearly says that pool fees are built in to the price. If pool fees are 0%, why do they need building in anywhere?

And what's this about being the first DIGITAL cloud miner? Were all the previous ones analogue? Isn't all mining digital?

Claims like this make the operation look scammy - but maybe I'm misunderstanding something. Have these points been addressed somewhere before?

Thanks.