What's going on here? Is Hashtalk down again?
If anyone can come up with a logical reason why it might be beneficial for GAW to payout "mining earnings" from new customer payments instead of from actual mining earnings, I will reward you with 1000 jimmothypoints. (keep in mind it has to outweigh the downside of looking like a ponzi)
Cold wallet / hot wallet perhaps? For example new customer payments (mostly small amounts probably) may be coming into their hot wallet and mining revenue might be going into their cold wallet, especially if they are solo mining and don't want those 25 BTC amounts be exposed to any risk. So they pay the withdrawals directly from the hot wallet as long as there is enough funds in it, but it doesn't mean they can't have a cold wallet full of mining revenue. Keep in mind that they also sell stuff for USD on their website and don't need to convert BTC to fiat as long as the USD income can cover their electric bills and payroll and such.
I don't know if that outweighs the downside. I'd say they probably don't care about looking legit from that perspective and that has been their stance since day one. If you don't trust us that's your problem.
That's just a theory of course. The problem with it is that with the current BTC mining profitability they would have to have 20-30 PH/s SHA256 to sustain the payouts if the estimates of 500-1000 GH/s Scrypt-equivalent hashrate are correct. And that would be visible on Bitcoin network and for some reason it isn't.
Can I get 1 jimmothycoin instead?