This really makes me wonder why the SEC or others haven't tried going after the other cloud miners. I strongly suspect that this guy was merely copying the strategies of the big guys in cloud mining. Yes, I do believe they actually have legitimate mining in place, but with some of the largest companies supposedly having tens of thousands of clients with at least 1 contract, and incredibly long waiting lists, they should be making serious dents in global hashpool share (but not all are). Hopefully, more "scammed clients" lodge reports with EU bodies to look into the matter.
I know people say that idiots should just be left to their own devices, and that those who fall for cloud mining is just natural selection at work, but I just dislike the fact that some of these cloud mining companies are seen as solid entrepreneurs while fleecing a lot of innocent people who actually want to be a part of Bitcoin - their version of it anyway.
I know people say that idiots should just be left to their own devices, and that those who fall for cloud mining is just natural selection at work, but I just dislike the fact that some of these cloud mining companies are seen as solid entrepreneurs while fleecing a lot of innocent people who actually want to be a part of Bitcoin - their version of it anyway.
thats because GAW miners were semi-legit,unlike the majority of the cloudminings out there
GAW miners had the paperwork in place,registered and looked fime from the SEC's point of view...at first
they did have some mining,equipment,but like modern banks they had 1/10 of the reserves
and strarted to accept invesments while having no chance to repay,running a classic pyramide
while SEC and other financial institutions close down cloud minings,the largest scams aka banks
keep doing fine and stealing our money
