if they carry on paying out, surely its not a scam?
And what will you say when they stop paying out? Here's proof they
cannot continue paying out.
The costs I personally cannot help to clear up, I know we are taking a small loss and are very hopeful of increases to the value of bitcoin rising soon, but things are steady and only improving so we are in this for the long run without unforeseen problems .
Let's analyse this "small loss" using the best numbers possible.
Expense:
Cost of 15x SP20s = $5,495
15x PSUs = $1500
Cost of power ($.26/kwh * 24 * 365 * 15 * 1.2 kw) = $40,997
Total Expense: $47,992Income:
25.5 TH/s mining ($60.5 * 365) = $22,083
25.5 TH/s contracts sold (25.5 * 1000 * .00087 * 205) = $4,548
Total Income = $26,631$48k vs $27k. They are running a
massive loss, nearly double what the income is, not even counting the promotions, the free hashpower giveaways, website development, etc.