On a winter afternoon in early 2015, somewhere in the digital ether between Colorado and Romania, two men were discussing their clientele. “We are building this whole model on the backs of idiots,” Matthew Brent Goettsche typed into an Internet chat window. His interlocutor, a programmer named Silviu Catalin Balaci, had just delivered some unwelcome … Continue reading Bitcoin mining pools – The Sheep and the Shepherds: Inside BitClub’s $722 Million Mining Mirage