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Bitcoin Mining Pool GBMiners Loses Software Vendor Over Connection to Ponzi Scheme

Earlier this year, a connection between the relatively new bitcoin mining pool GBMiners and India-based, bitcoin-focused Ponzi scheme GainBitcoin was discovered by CoinJournal. The fallout from this discovery has now led to GBMiners’s software vendor, Darwin Labs, ending their relationship with the bitcoin mining...

The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme

Update: This post has been updated with a response from Amit Bhardwaj GBMiners has made headlines in various media outlets lately due to the bitcoin mining pool accounting for roughly 3 percent of the network hashrate and supporting Bitcoin Unlimited; however, there is a connection between...

New Indian Mining Pool GBMiners Gains 3% of Network Hashrate, Views Bitcoin Unlimited Positively

Warning: Since this post was published, we have learned that GBMiners are associated with a Ponzi schemeRoughly three to four percent of Bitcoin’s overall hashrate is now pointed at a mining pool in India, putting it in the top ten of mining pools in...

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