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?
Well for one thing, Hashlets are not specifically tied into one type of hardware. They are interchangeable with new tech AFAIK. "Always profitable" could even mean that a 100 MH Hashlet makes $0.01 profit from mining 1 week after fees.
Profit is what you get when you subtract income from expenses. If the total income is smaller than the initial cost, there's no profit, right? So "always profitable" would be more accurately expressed as "always getting closer to being profitable, but probably never reaching it"?
If the old hardware never mines enough to cover its initial costs, how are they going to afford to buy new hardware to replace it with without charging existing customers more? Do they use money from new customers to pay out the older customers? "Never obsolete" isn't possible in Bitcoin mining, not without spending a whole lot of money to keep replacing old hardware with new.
One thing I keep forgetting is that the hashlets are not physical. They do not really exsist. When you buy a 1 MH Prime hashlet it is not real hardware. It is more a share of the income that GAW makes from their supposed whole operation(mining coins, renting out hash power, day-trading of the coins that were mined, and so on). At least this is
the one of the explanations that the CEO has given as to why the zenpool(GAWS pool) can be so profitable.
They should stop using that line. It makes them look dumb.
I understand that there's power in using hyperbole in advertising to get more business. But for something like Bitcoin mining where presumably your target market is tech savvy, doesn't this just turn people off?
There is an overwhelming majority of kids and people new to Bitcoin on GAW's forums. I think this is more their target market. Most people that have been around Bitcoin for more than a few months would see too many red flags.