Gec mining machine is a pyramid scheme. "GEC environmental protection coin", a new trading model with the label of "eco-environmental protection", "zero investment", "zero risk" and "high yield", has been widely spread by attracting people to join and offline. Environmental protection coins can basically be classified as circular. The appearance of the circle is virtual currency, and the core is the gold plate. The income of predecessors comes from the funds of latecomers. This model is not only suspected of disguised ICO, but also suspected of pyramid schemes.

There is also a "cloud computing capability" mode in the "GEC environmental protection coin" trading mode. "Cloud Computing Power" runs 1440 hours, and the expected annualized rate of return is 200%, 2 160 hours, 250%, 4320 hours, 300%, 8640 hours, and the expected annualized rate of return is as high as 350%.

The "cloud computing power" is the right for investors to spend money to buy mining machines for a certain period of time, and the professional mining machine management platform provides leasing services, which is somewhat similar to the concept of crowdfunding. If the price of virtual currency continues to decrease, mining will not make money.

Extended data:

Prohibition of MLM regulations

Article 7

The following acts belong to pyramid schemes:

(1) The organizer or operator, through the development of personnel, requires the developed personnel to develop other personnel to join, and calculates and pays remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel directly or indirectly developed, so as to seek illegal benefits;

(2) The organizer or business operator, through the development personnel, requires the developed personnel to pay the fees or pay the fees in disguised form by subscribing for commodities, etc. , so as to obtain the qualification to join or develop other personnel to join and seek illegal interests;

(3) The organizer or business operator requires the developed personnel to develop other personnel to join, thus forming an online relationship, and calculating and paying online rewards according to the sales performance of offline personnel to seek illegal benefits.

Article 8

The administrative department for industry and commerce shall, in accordance with the provisions of these regulations, be responsible for investigating and handling pyramid schemes as stipulated in Article 7 of these regulations.

People's Daily Online-"GEC Environmental Protection Coin" is suspected of pyramid selling.

Baidu Encyclopedia-Provisions on Prohibiting MLM