DAMN.gif

Yikes. What was Cory responding to?

Cory was great at identifying scammers. Which always made me feel “it takes one to know one”.

I didn't think it was cloud mining. It looked like selling existing infrastructure or handling the setup.

nostr:nevent1qqstye4j4q6mv0vqc7k0ufztkglf76xfc094xwr7h24awayp3wsysqqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzplcy5rnvmqxpgxct2kp9lmgj04zn9fhwekm7wsar3g7z30ulg3sfqvzqqqqqqykmsrcs

This is not a cloud mining service. This is bespoke managed mining for institutions. More detail in the release https://www.swanbitcoin.com/swan-announces-managed-bitcoin-mining-service/

Glad someone kept receipts 😂

nostr:npub1e3mx09yq53gyh9368qyuhfstgk8t7p5vvfcnvgwa4994y7rqg37s20qvr5 nostr:npub12gu8c6uee3p243gez6cgk76362admlqe72aq3kp2fppjsjwmm7eqj9fle6 nostr:npub1yx6pjypd4r7qh2gysjhvjd9l2km6hnm4amdnjyjw3467fy05rf0qfp7kza

I more detail in reply to Derek

nostr:note1n7hlqwwgtavn78hc3fxh6fanre39520tc2vyq2yanj689eycu4ssd890c9

Does this reek of tether trying to find sources of large numbers of dollars to back their printed liquidity or what?

They partner with a US based institution, collecting real dollars, sell them mining equipment and other assets bought with bitcoin or tether dollars, and get paid in real dollars. Liquidity grab? dollar shortage? Banking regulations getting harder to skirt?