See Also
Does cloud mining make financial sense?
Remember the Old West, when naive speculators often bought maps to gold mines hoping for quick riches? Today, the basic question cowboys used to ask themselves still makes sense: if the mine is full of gold, then why would they sell a map of it for a tiny or insignificant fraction of the wealth contained […]
Are cloud mining contracts considered securities? Do they satisfy the Howey Test?
The iconic 1946 SCOTUS case of SEC vs Howey established a few simple criteria for what, exactly, constitutes a security. Quoting Findlaw verbatim: Per the Howey Test, an asset is a security if: It is an investment of money There is an expectation of profits from the investment The investment of money is in a […]