Re: GAW Miners (Scrypt/SHA256 miners and Hashlet cloud) independent feedback thread
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.
You honestly will pretty much only get one sided issues here. Most of the people that post in these 2 threads are sour towards GAW so will give you their very biased views and how it is a scam. They will not have real evidence but will yell really loud about it being a scam. IMO what you need to know- Payouts suck right now, you have to believe that they will pull off this new coin, They have promised many things and most of them keep getting pushed back or changed because they thing this new coin will be worth it for everyone so the have stopped making the BTC mining part better. They have posted pictures of miners which most people could do however it is more than the scam accusations have posted proof wise. The top people are all in the USA and their faces and names are well known. They have also posted pictures of josh's kids. I highly doubt they would put their family at risk by running a ponzi. Josh has also already run a successful multi million dollar company. Now they are taking a huge risk by making a new coin. So much so that if it fails I could see in tanking the company. To me it feels like GAW has went all in on this new coin. Their main goal is not to get the people on BTC talk to like the coin they want to get all of those people that do not use BTC. The problem I see with this is that I dont think most people want crypto and have no use for it. So good luck and figureing out if you want to invest in GAW. At this point I would not spend money here. But people said that about BTC years ago and look what happened to those who believed in it.