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Board Service Discussion
I Do NOT think I was scammed by GAW? Tell Ars Technica
by
Jamis
on 14/01/2015, 02:51:28 UTC
Hey guys,

Cyrus Farivar here. I'm a reporter with Ars Technica working on a story about GAW and Garza. I spoke with him by phone yesterday and would love to speak with anyone that has had direct dealings with the company and/or has direct knowledge of financials of similar companies. He made some claims that sound wild to me, but I want to check.

My previous work: http://arstechnica.com/tech-policy/2014/04/digging-for-answers-the-strong-smell-of-fraud-from-one-bitcoin-miner-maker/

EMAIL ME:

cyrus.farivar [AT] arstechnica.com

PGP/OTR: http://arstechnica.com/ars-staff-pgp-keys/#cyrus-farivar

https://github.com/cfarivar/crypto-details/blob/master/README.md

Cyrus,
I started ordering from GAW the first week they opened for business on the 18 March 2014. On their new Web site they made a pretty wild claim: they would double your earnings for whatever mining power hardware you bought from them for one week (you get your hardware to mine plus they would pay you what it would earn for a week). Back then it was Gridseed ASICs and I didn't even understand how they could deliver on that wild claim. Well several weeks later, I along with all the other early customers were contacted and asked where we wanted our bitcoins sent. Plus, GAW doubled the already unbelievable offer for those of us who ordered the first week and gave us the equivalent bitcoins for two weeks of mining for the hardware I bought.
From Gridseeds GAW offered a range of scrypt miners up to 54 Meg (an unheard of speed that seemed a wild claim at the time) for a good price. After all of us ordered and paid good prices, GAW notified us that they had negotiated even better prices and would refund us all a pretty significant price difference; which they promptly did.  
Next up was the wild claim that they would deliver a 500 Meg Vault Breaker -- understand this was back when Butterfly labs had been promising new hardware for close to a year and not delivering anything new. GAW even made the wild claim that they were not going to be beaten to market by their competitors and would pay for cloud mining if a competitor shipped before them. And, no sooner did we order vault breakers rated at 500 Meg, than GAW contacted us all and made the wild claim that they would upgrade our vault breakers to 750 Meg script hashing power for the same price; and they did: they added 50% to the power and delivered ahead of competitors (Titan).
Next was the wild claim that hashlets would simplify mining so that anyone could do it. Understand that at the time to mine we were editing conf and bat files with cryptic commands (-I 13 -g 2 -w 256 --thread-concurrency 8192 --lookup-gap 2 --gpu-engine 1080 --gpu-memclock 1500). Yet GAW delivered simple hashlets that anyone with no technical knowledge could use to mine. And mine they did: hashlets earned bitcoins like crazy last Fall. With just the bitcoins the hashlets earned in Sept and October, all the money I had paid to date was more than made up. Another wild claim was that when the Genesis hashlets were not meeting GAW ROI goals they would add 50% to the Genesis, and they did at no additional cost.
The next wild claim was to move from the frustrating chase for faster and faster hashing hardware to a proof-of-stake model.  GAW would change the ROI on mining with a new approach and coin. The goal was for the coin to have a stable price targeted at $20 a coin, and be accepted as widely as credit cards with the ability to pay anyone in the world instantly. GAW is in the process of delivering on that. The coin is there, we are staking rather than hashing, and the infrastructure is being developed.  It is not all there yet and is taking longer than everyone (I assume even GAW) had hoped. But if you want to do an article on software development delays see Microsoft’s repeated delivery delays.
Cyrus, most of what I’m saying are not opinions. They are provable facts still in forums and available from snapshots of the GAWminers site at the WayBackMachine for you to see wild claims that GAW delivered on.
If you want to see a company that disappointed its customers you may want to look at Butterfly Labs where their August 2013 announcement of new hardware stayed as vaporware for a year and the US FTC actually took over receivership of them from September to December of last year.  
GAW grew fast, I think way faster than they expected and they had challenges meeting the high demand of all their new customers. But as you can see by reading the complaints, praises, questions, challenges and support at https://bitcointalk.org/index.php?topic=529093.0 and hashtalk forums, when someone had a problem they worked to make it right. I’m not sure if you are just looking for dirt or want to get the facts on GAW, but I think you are missing out on what could be a very important story by focusing on the negative.
If GAW succeeds with the paycoin effort, there is going to be a simple crypto currency that anyone in the world can use to pay anyone anywhere. If you wanted an article translated, you could find someone anywhere in the world and instantly pay them with paycoins for that work. The number of cell phones in the world is rapidly approaching 2 billion. And anyone with a cell phone will be able to pay, receive money, and place orders from anyone else using a paycoin app. Never before in human history has there been a common currency available across borders that worked simply and instantly. Bitcoins can take over an hour to complete a transaction, few people use them, and there is not an organization working to integrate bitcoins into merchant processing systems and make them simple and easy to use. GAW has a vision and they are working on a system that that will reward the mining community for handling the transaction processing, merchants will save the percentage they have to pay to credit card companies, and people will be able to pay right from their paycoin wallet. I can’t believe you only want to look for scams rather that realizing the size of the story in front of you. It will be funny to look back if GAW succeeds and paycoin is adopted and really used throughout the world, to you missing the genesis of paycoins while asking about scams.
At a minimum you should change the title of your post to: What Do you think of GAW? Tell Ars Technica
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
Jamis
on 05/06/2014, 19:15:04 UTC
Any Idea on when the next halving will occur? I would also like to see potcoin stabilize but hopefully at a higher price than what it is at right now.

The next halving is 280,000 blocks after the first so it will occur at block 560,000. Right now we are at block: 287,511 so the next halving will occur about 7:00pm USA East Coast time on 9 October 2014. Assuming that we really hit 40-second blocks for the next 272,489 blocks to take 126 more days.
Post
Topic
Board Announcements (Altcoins)
Potcoin Halving Countdown Timer
by
Jamis
on 31/05/2014, 14:41:02 UTC
Countdown timer to time when we hit Potcoin block 280,000 and the reward halves:
http://www.timeanddate.com/countdown/generic?iso=20140601T1105&p0=75&msg=Potcoin+Block+Reward+Halving
Assuming exactly 40-second blocks: Sunday, June 1, 2014 at 11:05 AM (Denver time)


Post
Topic
Board Service Announcements
Re: GAWMiners.com - NEXT GEN ASIC
by
Jamis
on 31/05/2014, 00:07:10 UTC
Hi all.
We heard a few nights back that GAWminers will be leaving bitcointalk soon, after outgrowing it, and will have its own forum.  From what I've been told, its going to be a nice, proper, commercially supported effort which I heartily support.
Until then, I humbly offer this site:  http://gawforum.usertalk.info
Its nothing fancy, but will hopefully allow us to organize our conversations a bit better than bitcointalk is designed for.
Cheers,
Cassey
This looks good and I like that you have key lessons learned that we need to have front and center like using the 6 pin connector not the 8-pin that can short out if the wrong one is used. It will be really nice to have a link to instructions and downloads that can be found at the top-level.
Post
Topic
Board Service Announcements
Re: GAWMiners.com - NEXT GEN ASIC
by
Jamis
on 30/05/2014, 22:33:35 UTC
Guess I should have asked before I purchased but what is GAW's warranty on hardware?
Here is the message where GAW responded that the warranty was one year:
https://bitcointalk.org/index.php?topic=529093.msg6534724;topicseen#msg6534724
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Topic
Board Service Announcements
Re: GAWMiners.com - NEXT GEN ASIC
by
Jamis
on 30/05/2014, 04:21:19 UTC
I've been really happy with this 1,500 watt power supply: http://www.amazon.com/gp/product/B002BH3Z84/ref=wms_ohs_product?ie=UTF8&psc=1
Post
Topic
Board Service Announcements
Re: GAWMiners.com - NEXT GEN ASIC
by
Jamis
on 27/05/2014, 03:17:54 UTC
I'm still waiting for the Gawd of War to get my hosted War Machine up.
Post
Topic
Board Service Announcements
Re: GAWMiners.com - NEXT GEN ASIC
by
Jamis
on 27/05/2014, 02:53:59 UTC
Josh - Big Gun
Jeff - Fury
Luke - Falcon
Joe - War Machine (Still waiting for hosted War Machine to come on-line!)
Amanda - Black Widow
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Topic
Board Service Announcements
Re: GAWMiners.com - NEXT GEN ASIC
by
Jamis
on 26/05/2014, 22:31:06 UTC
Giga Hash = GAWsh as in ten big guns is a full GAWsh

Gawulling Gawzups GawMan, that new GiGAWtor is a full GAWsh!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
Jamis
on 23/05/2014, 03:18:42 UTC
The survey results (https://www.surveymonkey.com/results/SM-2HJGSNH/) clearly show the community is in favor of halving and also halving at 150K blocks. Perhaps we need to do that twice down to 105 coin reward but stick there. Keeping the reward at 105 coins after two halvings at 150K block levels we would reduce the coins mined per day from 907K to 226.75K and we would hit 420M coins mined about Nov 2017.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
Jamis
on 23/05/2014, 02:00:33 UTC
http://stasny.us/images/Halving.gif
Here is a table assuming that the coin really is halved every 150K blocks as noted in the survey. Because of the geometric progression of halving, we will never get past 180M coins as it becomes asymptotic at just over 180M coins. We need to think through a model that reduces the supply but does not kill off the reward.   For example, if the block reward is halved twice down to 105, but then stays there, mining can continue to late 2017 before we hit 420M coins.
Post
Topic
Board Service Announcements
Happy 2nd Month Anniversary GAW!
by
Jamis
on 19/05/2014, 01:25:19 UTC
http://stasny.us/images/Gaw2ndMo.jpg
Two months old and look at all you've accomplished! Keep up the great work and support.
Post
Topic
Board Service Announcements
Re: GAWMiners.com - THE WAR MACHINE 54 MH Scrypt Miner! $5,899.95
by
Jamis
on 15/05/2014, 02:17:55 UTC
We are creating an upgrade path for all blade hosted customers that ordered before May 5th (before the price change). You will be able to upgrade from a 5.2MH/s Gridseed Blade to a 13MH/s Black Widow (week 3) for $500!

Here are the rules:
This offer will only be available until May 18th 12 AM Eastern.
It's only available while our stock lasts.
Since we are buying back your old gear, we need to resell it. So at the time of your order, we will take your hosted blade offline.
The Black Widow you will be purchasing will be shipped to you (not hosted) by the Batch 3 Ship Date (June 9th).

Appreciate having options. Here is my thinking on comparing two options on upgrading for $500 from hosted 5.4M Blade to taking delivery of 13M Black Widow, across the next four months. Factoring loss of mining for a month as the hosted blade goes down right away and the Black Widow won’t ship until after 9 June and 320 watts of power must be paid to run it. Looking at expenses and earnings assuming earnings don’t go down which is probably very optimistic.
1: Stick with hosted blade: No additional cash outlay, no power costs, continuous mining over next 120 days. 5.4M hash earns about $10/day times 120 days =  $1,200 total earnings.
2: Upgrade for $500 to 13M Black Widow. Immediate loss of 5.4M hash for close to a month. Once 13M Black Widow arrives, provide 320 watts of power ($72 for three months). Total additional expenses over next four months $572 ($500 upgrade and $72 in electricity). Earnings once Black Widow goes online for three months at $24/day times 90 days $2,160 minus expenses equals $1,588.
With new ASICs coming on-line I’d assume earnings will likely go down and then I would rather have 13M.
Post
Topic
Board Service Announcements
Re: GAW Miners- THE WAR MACHINE 54MH Miner!!
by
Jamis
on 13/05/2014, 23:14:19 UTC
Hey guys, I was thinking about running a promo and wanted to see what you guys think.
So we would draw a random order number, and whoever the order number belongs to, would get a free Fury. I was thinking it would be cool to do one a day until our launch.
Thoughts?
What about an interactive competition where by say 5:00pm miners that wanted to play submit the name of the coin that they think will go up the most in the next 24 hours. For ties we'd need the name of the coin and a guess on the percent increase. Only coins with over 1 bitcoin in trade on exchanges can be guessed to avoid someone just buying 1 coin for a lot. After 5:00pm each day we could look on Cryptsy, CoinMarketCap, WhatMine or an exchange you designate and see who got the best coin payoff and the guess that was closest to the actual percent increase. If there are no winners, maybe like PowerBall the Fury could roll-over to the next day so the challenge would then be for Two Furies. The feature of this is that it could help show all of us some untapped opportunities. You could limit this to customers by adding the competition to the signed in account access and that would encourage people that want to play to become customers. Just seems more engaging that a pure lottery.
Post
Topic
Board Service Announcements
Re: GAW Miners- THE WAR MACHINE 54MH Miner!!
by
Jamis
on 11/05/2014, 14:07:07 UTC
My GAW hosted blades are up -- Try restarting your miners using the UI: http://hash.gawminers.com/ClientUI/
Post
Topic
Board Service Announcements
Re: GAW Miners- THE WAR MACHINE 54MH Miner!!
by
Jamis
on 08/05/2014, 01:07:30 UTC
Helping Customers Out Who Bought Right Before the Price Drop
Hey Josh,
I had two ideas for you on how you could help those of us out who bought right before the price drop without costing you a ton:
1. Extend the warranty for a full year on on the gridseeds and blades purchased within two weeks of the price drop (my understating is that gridseeds and blades have a two-month warranty -- four months for founders) so that would offer us a nice peace of mind knowing you have our back on equipment failure. That shouldn't cost you too much and maybe you can get gridseed to replace any units that fail over the year. For me knowing that you'll cover me for a year from my miner becoming a brick is worth a lot; I hate trying to deal with dead equipment for repair or replacement!
2. Let us send the gridseeds and blades purchased within two weeks of the price drop to you for a free year of hosting. Again not a lot of out-of-pocket money for you and nice feature for us having you handling the hosting. After a year we get them back or go on the 2.5% program.
Maybe some customers have other ideas? Just wanted to think of some win-win ways that we can work together.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
Jamis
on 04/05/2014, 17:33:35 UTC
At this point there are over 90 million potcoins out and 907K are mined everyday; the coin has just passed 100 days since launch. The demand by users has not started to begin to draw coins out of the mining and speculators hands and into users wallets and it may never. But if it does, people who bought coins at the current price of a third of a cent are going to be very happy and those selling them will be kicking themselves.
Marijuana is big business that has a challenge with all the cash that comes in and right now there are no good alternatives (retail stores are paying people and the percentage to change cash to money orders that at least can be mailed). Bitcoins take an hour and a half before you can move the money on. Just try and get bitcoins into your Cryptsy account instantly to use them to see how long it takes before they are ready to make purchases. If Potcoins can achieve a critical mass of use they solve several problems:
1. Immediate secure anonymous transactions that a store can verify and send on to their growers, or a driver can accept via phone and send a payment back to their supplier.
2. Reduced robbery risk with reduced cash and the ability to immediately move payments so store wallets don't even have to have large balances. Users also don't have to carry around all that cash when making purchases.
3. Avoiding a federally regulated banking system that considers state-legalized and even medical marijuana criminal at the federal level.
Where it all needs to start is what the devs are working on: getting retail outlets to accept the coins. Given the hassle, risk, extra labor required to guard and convert cash, and the percentage to change cash to something like money orders, stores could probably offer 10% more pot if you pay with potcoins and not be out. But then even after stores accept the coin, there needs to be an incentive for buyers to show up with coins not cash.
Rather than focusing just on the price we need to show the clear advantages -- Show people how a marijuana delivery guy can avoid having thousands of dollars in cash and make fewer trips by paying suppliers remotely. Show how stores can stop paying for a full-time person to go back and forth with cash to money orders all day.
We need to make the benefits of using potcoins clear.
Post
Topic
Board Service Announcements
Re: GAW Miners- THE WAR MACHINE 54MH Miner!!
by
Jamis
on 04/05/2014, 04:54:40 UTC
Can you provide some info on the warranty for the new miners like the War Machine?
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Topic
Board Service Announcements
Re: GAW Miners- Gridseed Blades
by
Jamis
on 03/05/2014, 12:53:19 UTC
The GAW Miners members area is: http://www.gawminers.com/members-area/ and you need your previous order # placed between 18 March and 1 April to get the discount pricing. Founders club info is at: http://www.gawminers.com/blog/gaw-founders-club/
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Topic
Board Computer hardware
Re: Best Priced Miners Available With Escrow Now! Free Shipping Worldwide!
by
Jamis
on 03/05/2014, 02:24:29 UTC
You have any links, more specs or any other technical info?