Pyramid selling of bitcoin mining machine

1. There are many ways of pyramid selling, but the only purpose is to cheat money. Today, the Municipal Intermediate People's court heard a case of pyramid selling fraud by using the Internet to sell "bitcoin mining machine"
the defendant Wu said: "Xu told me that he bought a mining machine for investment, which is to proce bitcoin. He bought 40 sets, and the income was very good, so I bought a group with him, 600000 yuan, and bought four mining machines."
in February 2014, the defendant Wu joined the krypton energy group of Hong Kong, which has no instrial and commercial registration, as a member and began to participate in the publicity and investment of mining machines. According to the company's regulations, all mining machines must be in the form of one driving three, that is, one is the main mining machine, and the other three are called big cloud, medium cloud and small cloud respectively
defendant Wu: "one of his models is that one person finds three people, three people find nine people, nine people find 27 people, so he goes down infinitely."
defendant Wu: "is the income given to you by the company in cash or bitcoin?" Bitcoin Where have these bitcoins gone?) It's all stored in krypton's "multi coin treasure."
seeing a high return, Wu started to develop his own four mining machines, with 32 people and an investment of more than 42 million. During the period, Wu also organized and attended krypton group marketing meetings and organized member tours for many times
defendant Wu: "what is the actual purpose of such a free overseas tour?" Is the company's overseas meetings, overseas promotion meetings Actually, his goal is to develop investors, right Yes
at the end of 2014, the bitcoin price of krypton energy group dropped significantly, causing investors' panic. Through wechat, small meetings and other means, Wu claimed that krypton group's website was adjusted and recovered soon, and encouraged investors to buy while it was low. At the end of February 2015, the website of krypton energy group was completely closed, and Wu realized that it was a false transaction< The defendant Wu said: "the trading data of the trading platform belongs to robot trading, which belongs to false trading. Our mining machinery is only an account on the website, and I have not seen where the real mining machinery is. I am only a member recommended by Xu, and I am also a victim."< According to the procuratorate, Wu should be investigated for criminal responsibility for organizing and leading pyramid selling activities, and the case should be sentenced on a certain date
if someone tells you that an investment can make you rich overnight without risk, he is mostly a liar, so he still says, "pie will not fall from the sky".

2. Please remember a truth, all the things with small capital and big profit are all scams, money is hard to earn, no one has time to burn money to give you benefits, you are not his who

3.

No, the company doesn't charge a cent, and the money is circulated in the hands of the players. The 1000 yuan invested is the money to buy the mint. Each Mint helps us proce 10 gold coins every day, and each coin is a dollar! As long as 100 can be converted into RMB! The company just provides a platform for you, just like you open a mahjong hall, play mahjong at your home, and provide us with a venue to play, we can give you a service fee! Therefore, bitcoin only charges us 50 yuan a year for network management

no performance and development requirements! If you don't want to do dynamic market, you choose to do static market! Just don't worry about anything, invest 1000 yuan to buy a mint and proce 10 gold coins every day! 300 yuan a month! Ten mints earn 3000 yuan a month

4.

As of July 24, 2020, the state has not issued any laws to prove that bitcoin mining machine is illegal

bitcoin mining machine is one of the ways to obtain bitcoin. Bitcoin is a kind of network virtual currency proced by open source P2P software

it doesn't rely on the issuance of specific monetary institutions, and it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

extended data

the issue and transaction of bitcoin are realized by mining, and it is cast at a certain but slowing rate. Each new block is accompanied by a certain number of new bitcoin from scratch, which is used as a coinbase transaction to reward the miners who find the block

the reward for each block is not fixed. For every 210000 blocks mined, it takes about four years, and the currency issuance rate is reced by 50%. In the first four years of bitcoin's operation, each block created 50 new bitcoins. Each block creates 12.5 new bitcoins. In addition to the block award, the miner will receive a handling fee for all transactions within the block<

source: Internet - bitcoin mining machine

5. I don't know if there are any cases of pyramid selling using bitcoin mining, but there are still cases of fraud using bitcoin mining machine. Last year, with the roller coaster growth of bitcoin price and extensive media coverage, bitcoin has graally entered the public's field of vision. Bitcoin has created a number of myths of overnight wealth. Facing the huge expulsion of interests, bitcoin mining instry has become increasingly popular. However, bitcoin mining machine has a situation of more wolves than meat. Take Avalon mining machine on the market as an example, it was once fried from 8000 thousand yuan to more than 300000 yuan. Since the invention of all hardware solutions for Avalon mining machines except chips, a large number of OEM manufacturers have emerged as the times require, and there are also some fraud activities using pre-sale of mining machines. In April this year, after careful investigation, the Public Security Bureau of Wangcang County in Guangyuan successfully arrested the use of the Internet to sell "bitcoin mining machines" and "bitcoin mining machines" Long Xiaoguang, a suspect who has defrauded 10 yuan in 2 months (alias, male, 27 years old, Donghe Town, Wangcang county), has cracked the first serial use of bitcoin mining machine to conct Internet fraud in Sichuan.

if you want to mine, you still need to buy a professional ASIC miner, because the computing power has been rising. Even if you buy a real miner, if the overall performance of the miner can't keep up, it's hard to recover the cost. Mining machinery is an instry with rapid upgrading. In China, it is suggested that you buy Avalon third generation miner.

6. The three copper coins are Mongolian commemorative coins:
the first one is the commemorative coin of the year of peace.
the second one is the commemorative coin of the 65th anniversary of independence.
the third one is the commemorative coin of the Soviet Mongolian air force.
all are 1 Tugrik.
1 Tugrik = 100 Mongo

7. Bitcoin is MLM in essence! It's a powerful MLM organization! They publish articles on various websites to publicize bitcoin, which is very powerful At the beginning, we publicized that bitcoin was mined by mining machine, and built several related websites to trade bitcoin! Bitcoin is just like q-coin, which has been blocked by the central bank!