Bitcoin-naamio Landmark Crypto Crime Case Ends With Jail Sentence for GAW CEO Josh Garza , the CEO of the now-defunct cryptocurrency mining company GAW Miners , has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge . GAW Miners was a popular and reputable source of crypto mining equipment around 2014. Garza actually was considered a crypto celebrity and had pull across social media during that time. However, the company switched its strategy from selling physical crypto mining rigs to offering a cloud mining service, offering “hashlets” to customers which represented a certain amount of mining power. GAW Miners were first introduced in 2014 as a company reselling ASIC powered mining rigs for mining Bitcoin. The company later turned to focus on cloud mining, renting out hash power without physical equipment, although they did also release a cheaper physical miner called a Hashlet, priced at just $9.95 which Bitcoinist looked at back in 2014 . The Bitcoin technology arms race is shifting from the processor to the data center, with hardware vendors pointing their businesses towards the cloud and GAW Miners move effectively reflects this new reality. This week KnCMiner announced it was getting out of retail sales and unveiled a new cloud mining service powered by its new data center in Lulea, Sweden, while Bitmain announced a new ... As many of you know, GAW Miners is a company that we here at Coin Brief have found very interesting. They started as a Scrypt mining company, and eventually added SHA-256 ASICs for Bitcoin mining, but that is not what has interested us about them. The CEO of GAW, Josh Garza, is one of the most vocal CEOs in the cryptocurrency world, and is actively engages with the GAW customer base on their ... Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... Best für Cloud Mining: Miner-Server. Wenn Sie sich für den Einstieg in den Bitcoin-Mining entschieden haben, aber noch nicht bereit sind, in teure ASIC (Application Specific Integrated Circuit)-Miner zu investieren, können Sie sich für einen Cloud-basierten Mining-Service entscheiden. GAW Miners, GAW Labs, related companies, and Josh Garza are a recurring theme here. The company, GAW Miners, started as a hardware reseller, focused on Scrypt mining, but eventually expanding to SHA256 and Bitcoin.After that, the company seemed to go off the tracks when it launched it’s cloud-mining “Hashlet”.
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