Quote from: TheGeorge on August 14, 2015, 04:09:18 PM

Quote from: jimmothy on July 30, 2015, 01:41:25 AM

Quote from: TheGeorge on July 23, 2015, 10:50:29 AM

Quote from: jimmothy on July 10, 2015, 12:48:06 AM

Hedgy is providing freshly mined coins on behalf of Megabigpower, one of the few legit/trustworthy companies in the world of bitcoin mining. They had a bitcoin IPO for a 100TH/s farm and were one of the only bitcoin securities that managed to pay back IPO investors more than the IPO price per share.

They started with 100 TH/s and are now at 100 times that (10 PH/s).

Why would anyone believe that CMW is selling freshly mined coins for a premium when this trustworthy company (MBP) is selling them for a discount?

I'm not interested in this cloud mining controversy, but interested in the freshly mined coins at discounted price. So just trying to understand Hedgy's business. Say, they are giving 1% discount. So, if I send them 1 BTC used coin, they'll give me 1.01 BTC fresh coin ? I mean, how come ? How do they do business ?

That's not how it works. You pay USD for BTC. They can give a discount because it let's them avoid selling on the exchanges which would crash the price.

I see... that's interesting. But, does not it require them to have an MSB or some sort of exchange license to do this ?

Depends on where they are located at. If they are located in a country, where bitcoin is not frowned upon, then those are not required.