what they should have done was buy, sell and auction hashrate

This way you can make money from mining w/o having to buy ASICs


Bell_curve

You're probably right. Mining is super risky, but saying this now right before a massive bull run? IDK

True about the staff not really being "needed". I thought they weren't really paid much and received equity in the company instead.

bitcoin

Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

I don't think they knew what they were doing as far as mining was concerned

Mining is a tough business for miners who have been doing it a long time

Most of Swan executives have a finance background

Max Keiser is an investor and board member/advisor

The company had too many people on payroll that were non essential

I volunteered at their conference last year and met a lot of non essential staff

I say non essential because they are not miners or developers or whatever

the company seems like a large meetup for southern California 
