Mining sweden is a strange one, I saw all of their pictures of the DC being setup in a thread here a while back....but when you go to their site it kind of screams ponzi. they were loosely connected with GAW for a while when hashtalk was still up but I'm not sure how far that went. they haven't posted here in a while, I vaguely remember they had a partnership or something with a credible DC over there in sweden, hydra miners or something. they also have a "reseller" of their shares who buys LTC gear accounts and somehow has a payout scheme running. all of it seems quite rediculous and very suspicious.
they were loosely connected with GAW for a while when hashtalk was still upOnly connection with GAW I saw was that someone started a thread about them on hastalk and then as Mining Sweden did not have a forum, the thread grew there and information was posted there but as far as I am aware, the forum thread being on Hashtalk was the only thing in common.
I vaguely remember they had a partnership or something with a credible DC over there in sweden, hydra miners or something.The company was Hydro66 which has recently opened up their new datacentre in Boden where I believe that Mining Swedens Bitcoin miners are now hosted.
Hydro66 had a datacentre in Boden where Mining Sweden had hosted before but they should have moved into the new one I believe which was was in the same town.
I actually went and visited Mining Sweden in August as they had invited people to an open house meetup so you can go to the datacentre and see the miners in operation.
I visited the new Hydro66 datacentre in Boden, Sweden whilst it was still under construction and also the old facility where Mining Sweden had their miners set up. Mostly Antminer S5s at the time but now they also have S7s as well.
All seemed very legit as far as I was concerned. They are a small operation though compared to others.
they also have a "reseller" of their shares who buys LTC gear accounts and somehow has a payout scheme running. all of it seems quite rediculous and very suspicious.As far as I know this was as you point out, a reseller, not sure about the LTC gear account thing, I believe that user might have been selling LTC Gear shares when LTC Gear was operational and like most people who used LTC Gear upto a point, no doubt thought it was an OK company and had no idea what was going to happen with it. Just the same as nobody who was using GAW Miners upto a point would have had a clue either until it was too late.
ahh thanks for filling in the details. it's good to know a hero member from here has seen the DC first hand. the pictures from the original setup were convincing enough for me to buy shares originally, however they really need to update the website and get rid of that dead hashtalk link to the pictures.
as to their relation with GAW, MS had a deal going with btclend as well as paycoin, where you could use your VIP shares as collateral at that debacle of a website, in addition to some earlier on XPY deals (they still have a dedicated address slot for paycoin in account settings. GAW/paycoin was a disaster, so anyone doing business with them is rightfully scrutinized.
the reseller posts on here, yangongear, and he is not just a reseller (though i still dont know why they ever needed a reseller of non-equipment, just shares they can sell themselves) as he took the DC pictures (with the tourquoise cutout ) he is most likely involved with the operation to some degree, or just an investor/visitor like yourself. the LTC gear thing I discovered on...paycointalk.org. he buys defunct LTC gear acounts, pays their fees, then sells Asic coins that represent shares of whatever payouts Chris sends his way. the jury is still out on LTC gear I guess, make your own conclusions there. my only point here was the thick cloud of suspicion all this created, for me at least.
i also expressed concerns about there being no 2fa to "tommy" but he didnt seem too concerned. there is no 2fa for the login, and none for changing the withdrawal address. also, with the small amount of shares/ ghs I have, I notticed some odd consitency in payouts, as they seemed similar to scrypt.cc in how consitent they were (all things being equal) despite recent BTC fluctuations. all this being said, i do have some shares there and hope nothing devious is going on, but there is no harm expressing caution considering all the scams these days.