Quote from: suchmoon on June 21, 2016, 04:30:48 AM

Quote from: coinGeek on June 21, 2016, 02:48:18 AM

Quote from: vapourminer on June 20, 2016, 11:00:47 AM

i never had any gaw stuff. i actually could not believe people went for that stuff (i did check it out).

...

I can believe it. The psychology is textbook. I bought in on the original hashlets for something like $5.99 each, as did suchmoon and a lot of other early adopters. Some of us were spending coin from mining that didn't really feel like real money anyway.

suchmoon was skeptical of the unbelievable payouts from the start and hence this thread. He seemed to keep buying but I have the feeling he was doing it for the lolz (or maybe science).

I was initially open minded and bought more but once I could no longer ignore the smell I got out with my ill-gotten gains.

The psychology!

It was $16 I think and I bought it once, about 1 BTC worth IIRC. I was doing profitability comparison between various forms of mining (Scrypt GPU/ASIC, X11 etc) and tried to look into cloud mining as well but the numbers were so far off reality that it raised a lot of questions, which made Garza very very unhappy.

Actually most of the questions started even before hashlets - e.g. how GAW's notorious technical ineptitude suddenly turned into Zencloud's 100% uptime etc. Original thread here, down at the bottom of the OP is the original content:

https://bitcointalk.org/index.php?topic=720844

So, science it was than ;-)

I remember your mining profitability tracking website, it was unique at the time and useful.

coinGeek

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