Update: This was a scam with the founder and CEO going to prison. Was a good idea and had some great features in the community but collapsed after the ponzi scam came to an end. Although some big corps and Some Bloody Fckwit (SBF) may have used GAW as their source of inspiration. Shows how improtant it is to have your coins in your possession, keys and all. Online web wallets are not that, including exchanges. In fact, leaving coins in an exchange not only leaves you open to being scammed, but also they can use fractional reserves making the use of bitcoin of crypto pointless for the user.

Many other scams have plagued the industry before and after GAW miners. Mt Gox is the most famous. However, being in Japan, the laws makes retribution easier. But there was some winging about what they got back before the price skyrocketed. Other scam exchanges include cryptsy, c-cex, sbf’s shitshow, and more.

Gaw Miners are a cloud based mining hardware providers who have now moved into cloud mining with their data centers. Having options to buy single MH units or 10GH units. With the zen portal, mining of SHA 256 script or alt coins is possible, and with the Hashlet Prime there will be switching between the two available. Gaw miners has seen a lot of interest selling $1m worth in a 24 hour period the other day.

Gaw Mining Features

There have been many announcements that have stunned alot of people with their offerings, such as the ability to switch with the Hashlet Primes. There is also promise of never becoming obsolete. This option has made it very easy to mine bitcoins and alt coins without having the worry of heat and electricity bills for running your hardware.

Hashlets

There are many styles of Hashlets available from GAW Miners, depending on the pool you want to join to mine, ranging in prices from $10 to $50 for individual units. The zen portal lets you watch the proformance of your Hashlets in the cloud and once a day you receive payouts in Bitcoin.

Bitcoin has received a massive confirmation recently with ebay and paypal announcing they would support bitcoin.

GAW Miner’s Hashcoin (Paycoin)

GAW Miners has become the market leader in the crypto currency mining industry by offering a cloud based miner that is simple to use. With a major  customer  base they aim  to introduce their own coin which aims to address the problems associated with other crypto coins. UPDATE: Turns out they were a scam, and the CEO and founder Homero (Jeff) Garza went to jail after being found of fraud. Pretty sure there was no mining equipment so the others, Joe and co should have also gone. Lost all out investment. Americans could get theirs back, Australians had to go through their bank/visa.etc. Visa wouldn’t refund at the time as no evidence of fraud, then after the SEC ruling and Garza went to prison, ANZ said it was over 90 days so couldn’t recoup any funds.

Prime Controllers

Prime controllers are the backbone and trust of the Paycoin system. There are high barriers  of entry to become a Prime Controller and will begin with a set for the cloud miners at GAW miners Zen cloud. There  are also Orion controllers that help maintain the network.

In my opinion who will be Prime controllers is quite simple. Obviously GAW will maintain Prime Controllers  for their cloud mining customers and to  maintain the network. I can see major retailers becoming Prime Controllers. They could use it for payment system, collect information  on  buyer behavior, market to end user (1 person), use with offchains to  provide thrid party digital products and services.

Movie studios will want Prime Controllers to distribute movies on a pay per watch, lease basis. They will be able  to have  complete control of delivery and payment  while having the ability to collect  valuable information on markets of indidivuals or groups and market direct with tailored  advertising.

Wall street and every other stock  exchange around the world would  want  to become a Prime  Controller. They could use to  issue shares and distribute them  and accept payment all with the blockchain. Dividends and company votes can also  be issues through the  blockchain system.

Countries may want to maintain Prime Controllers for national currencies, issued through the blockchain. While this is a global currency I don’t see  sovereign  nations adopting it as their only  national currency given the implications it could have have on the sovereignty of a nations which could be seen as unconstitutional in may countries but i’m sure we will see attempts.

Strategic Analysis

In hindsight, this was a scam aiming to scam big industry. A playbook taken by some big corporations and individuals, or Some Bloody Fckwit (SBF).

Slogan Competition

On the social network site that relates to coin mining Hash Talk, there was a competition to invent a slogan. Many responses were made, here are  some responses made by TimHeath.com.au.

Suggested Slogans

Bringing certainty to the world of uncertainty.

Hashlets

The Future is Now

Tomorrow’s Hero

Hashlet$….Set and Forget

Now is the future with Hashlets

Harness the Hash!

GAWSome

Hashlet King of the impossible…(from Hash Gordon)

Words to song Hash King Gordon…..

“Hash – a-ah – saviour of the universe
Hash – a-ah – he’ll save everyone of us
Ha ha ha ha ha ha ha ha ha
Hash – a-ah – he’s a miracle
Hash – a-ah – king of the impossible

He’s for everyone of us
Stand for everyone of us
He’ll save with a mighty hand
Every man every woman
Every child – with a mightyHash

Hash – a-ah
Hash – a-ah – he’ll save everyone of us

Just a man
With a man’s courage
He knows nothing but a man
But he can never fail
No one but the pure in heart
May find the golden grail
Oh oh – oh oh
Hash”