Quote from: dooglus on November 09, 2014, 07:51:33 PM

Quote from: tom14cat14 on November 09, 2014, 05:38:43 PM

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. [...]

If you're trying to present the other side of the coin, you're not making it look very good!

Payouts suck right now, and they're gambling their future on the success of yet another altcoin that nobody will care about?

Quote from: seedtrue on November 09, 2014, 05:40:22 PM

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.

So it's not "always profitable", it's "profitable as long as we are profitable, which is as long as we can keep attracting new customers to subsidize the unrealistic deal we made with old customers in which we promised to pay for their power bills forever"?

Basically I have a problem with anyone guaranteeing eternal profits for a single up-front payment, especially when said profits depend on factors outside their control, such as the global network difficulty, advances in technology, and power costs.

Quote from: seedtrue on November 09, 2014, 05:40:22 PM

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.

Fair enough. It's bad for Bitcoin when the first contact new people have with it is to get suckered into buying a mining contract that never pays for itself. But I can see why "kids and noobs" would make a good target market.

No I am not trying to defend the otherside. They have issues however dont believe everything you see here also. For a few months it was great it may return again. Everything in the industry goes up and down. It could be just a down time for them. Reading your comments it looks like you have already decided against them so why bother asking anything.