Posted On 12.02.1957
One of the tell-tale signs that a share-based MLM opportunity operating in the US is a Ponzi scheme, is failure to register with the SEC. All it takes is the filing of a few documents and annual reports, and the regulator has all the information to ascertain whether or not an otherwise questionable opportunity is bittalk bitcoin. The alternative is a regulatory investigation, which typically results in a civil case being filed and the Ponzi scheme in question shut down.
The shares initially paid out for 1000 days, however the ROI period was recently reduced to 600. Sravana XXX: how v will get daily income in bit club? Invest money and collect a passive ROI, otherwise known as a securities offering. United States has to go ahead and shut us down.
On a logical plane the company’s decision makes little sense. So what do you gotta do with life? You just keep rollin’, rollin’, rollin’. So, y’know I’m not hung up on it. The scheme recently attracted the attention of regulators in South Africa.
As the investigation continues, bank accounts of participants have been frozen due to money laundering concerns. A ponzi scheme has no product, it’s just a money game set up to pay people with other people’s money and eventually it will crash and burn because there is no real money being earned from any outside sources. March 16th the company recently announced a second virtual share mining pool. Shares in this pool are only available to Founder members and are limited to 1,000 total shares. It’s not too late to become a Founder and stake your claim in the Ethereum pool!
Ethereum is the name of the project behind the Ether cryptocurrency launched last year. I would like see the SCAMMERS go to jail. 1000 for an ETH mining contract. They claim to have sold out of at least one 1,000 position tranche in ETH mining, the latest crypto fad.
Conley coat-tailing his rep with twitter tags. The relevant bit starts around 43. C fantasy that BCN investors are buying a physical ASIC miner, not an investment. I cover BCN on BCT here bitcointalk. 80 if you want to have a read.
So that’s a few hundred thousand for them to keep up the charade. What happens after withdrawals exceed investment again, launch of a new crypto pool? Hence the dash for the highly efficient 16nm chip machines which are the subject of possible delay due to flood damage to TSMC’s facilities. Whether this income is adequate to service the cost of mining, referral commission and roi liabilities is another matter. Apr 7th, 2016 at 1:35 am K. 10 minutes, or 145 blocks a day.
4 blocks a day is roughly 2. Care to guess how much juice it takes to power that, and how much that juice costs? 36 million GH would be 7. Not impossible, as you can RENT generators of this size, but the cost? A Megawatt day is 3600, so a 7.
And that’s using 16 nm hardware, the MOST efficient available. And the mining yield is about 40000? Remember we’re not counting cost of hardware acquisition, network fee, administration, overhead, and so on and so forth. And this is BEFORE the halving due to occur soon. There is NO WAY BCN can be profitable unless the hardware is FREE and electricity is FREE. The enterprise could not exist the way they claim it does.