A Critical Look at GAWminers.com
So I've been seeing quite a bit of buzz about this new cloud miner called "the Hashlet" which is being promoted at every corner by GAWminers. Intrigued, I went to look at the product and found the following claims:
- Guaranteed Profitability! Because the maintenence fee for Hashlets reduces over time, the hashlet will always be making money forever. There's no chance of a negative return.
- Only Hashlets can mine on the "ZenPool", which can deliver twice the payout of any other pool.
In addition, Hashlets are instantly upgradable, which is very curious as I don't see how physically hardware could be upgraded in a click.
GAWminers has abandoned Bitcointalk because of too many negative customer reviews, and instead has created its own forum HashTalk, where commenters are paid to be upvoted and those who get downvoted are autobanned.
The claims of GAW are very questionable.
The combination of Zenpool and GAW's hashing contracts are the perfect storm for a Ponzi, and with the lack of transparancy or explanation of their claims, or an established reputation I fear the worst.
If GAW is a Ponzi it's a shame that this will be many newbies first introduction to the crypto world.