You have any comment on the below, Volder? (apologies to everyone who has heard me beat this dead horse)
My prior comments were:
Josh has stated, unequivocally, that Zenpool profits are paid out on:
1. private rentals
2. mining
3. day-trading
4. undisclosed other activities.
Your profits payouts are not a 1MH share of a mining pool, but a share of quite a few other activities in which MH does not even figure (like in day trading).
What is a security?
http://www.law.cornell.edu/uscode/text/15/77bThe term security means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a security, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
You're trying too hard. Cloudmining by itself is by definition a security. It's a profit sharing agreement, period.
There no amount of wording/obfuscation that will make it exempt from security laws/regulations.