Quote from: favelle75 on December 30, 2014, 12:13:10 AM

Quote from: jimmothy on December 29, 2014, 11:54:02 PM

Quote from: favelle75 on December 29, 2014, 11:36:09 PM

Quote from: jimmothy on December 29, 2014, 11:33:55 PM

Quote from: favelle75 on December 29, 2014, 11:28:41 PM

So LTC/BTC drops to like 0.008. BTC drops to BARELY above $300. Scrypt difficulty shoots up to 50,000 plus. And GAW is supposed to keep paying out crazy sums? Just bankrupt everything to avoid being a scam? They are paying out above what each of those hashlets earns you know. Yes, its ultra-low, but they ARE paying out a profit. Every day. And they gave customers a way out MULTIPLE times to recoup their investments. There's only so much hand-holding you can do.

Please do explain to me how the only "never obsolete" miner with "massive economies of scale" and "power costs cut in half" mining on "the world's most profitable pool" became obsolete before any other asic.

Obsolete would imply that it costs you to mine with your hashlets. Does it?

According to your made up definition?

I would say a miner is obsolete when it takes more than 1000 years to recover your investment.

Can you answer my question or not?

Why are gridseeds still profitable, yet hashlets are not?

How is that possible with "power costs cut in half", and "the worlds most profitable pool"?

Gridseeds are profitable because you piggy back on your own internet connection that you pay for as well as the space you already have. Go rent a space and set up a separate internet connection for it and see how profitable they are.

Didn't you claim to be a miner?

You should know that mining requires practically no bandwidth. Besides, Josh owns an internet company remember?

I must commend you on your incredible mental gymnastics, but I think it's time for you to admit that they were false advertising.

Hell, they are still advertising these lies to this very day. (http://www.gawminers.com/pages/hashlet)