Any shady cloud mining sites go down recently? lol
Whats the connection of mining sites related into this news? Maybe you are referring that they are running a cloud mining?I don't think so and they don't really matter to build one and as we can see they are using old miners and as mentioned above its more sufficient in electricity since they are using old miners but they will still be facing violations on stealing electricity.
Indeed, shady cloud mining has nothing to do with miners! These chinese mining operators are really mining bitcoins but they are stealing electricity which is illegal like in everywhere. Shady cloud mining sites don't really have miners. They only try scam people and say they have miners, but they actually don't have any and just makes a ponzi.
Thats the accurate definition of shady cloud mining on which they are just claiming that they are running mining farms but the truth is that those farm doesnt exist at all.
In which part of the world we could able to hear that stealing electricity is legal?None,right?If we are planning to run mining operation we should consider first the electricity cost.
Yeah, that's why they got caught. The government put them in jail and confiscated the miners. What's wrong here too is that maybe these operators are just leasing out their facilities to people who want's their miners to be ran in an environment with cheap electricity. So now the people who send their miners to be ran by them are now gone.