The company, GAW Miners, started as a hardware reseller, focused on Scrypt mining, but eventually expanding to SHA and Bitcoin. After that, the company. GAW Miners initially focused on mining equipment for "altcoins" such as Litecoin and Dogecoin, which use the Scrypt algorithm to process. The release of the world's most accessible bitcoin miner is another headline GAWMiners has made this summer, adding to its recent purchases of. ETHEREUM CLASSIC ETC TRADING NOW SUPPORTED BY EVOLVE MARKETS

It can be profitable — but requires costly specialised hardware to get started. GAW Miners operated a "cloud" mining service: Users could pay for a share of the profits generated by the company's hardware, meaning they don't need to buy any kit of their own.

These shares were called "hashlets. Because defendants sold far more computing power than they owned and dedicated to virtual currency mining, they owed investors a daily return that was larger than any actual return they were making on their limited mining operations. Any further comments will be through the court process. They just take pictures from other companies, photoshop them, then pretend they are theirs. Stay up to date with what you want to know.

Play Now! Homero Joshua Garza is said to have attempted to dupe thousands of investors by operating a fake Bitcoin mining scheme successfully for a while now. However, the success was short-lived as he got caught soon after. According to a media report , Garza duped people by promising them great returns in a short period of time. He is said to have targeted unsuspecting investors in GAW Miners and Zen Miner by claiming that he is in possession of equipment capable of generating sufficient processing power to mine plenty of Bitcoin.

In addition to the fine, Garza is also facing separate criminal charges for running a bogus scheme.

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