It´s my understanding that "ZenCloud" is virtual and not actually hashing.
If i would be GAW, i would not hashing at all.
For what? Why bother with hardware miners?
LOL Enough $$$ to pay out customers with selling overprized hashingpower, high maintenance fees, high trading fees etc etc.
It´s no scam, just a very clever business model.
People are even mining worthless (at this point) HashPoints.
While btc and ltc are flying
I agree.
But if they call "mining operation" to a simply borrowing operation with arbitrary daily installments, they are lying.
If they lie to investors about the business, it is fraud. And fraud sounds me like scam, sorry.
It is very simple to cut all this speculation, because we are talking about cryptocurrencies:
They must to show in the dashboard: the pools, blocks mined, tx id's of payments, the total volume of incomes per hash and per algo, and the resulting value for each hashlet.
Since they show nothing, i'm afraid the mining operation does not exists.
Then, if mining operation does not exists, the "maintenance fees" are the reason to take them to court.