Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
Cloudmining does has a very bad rep. That is why with my friends who ask me should they get into cloudmining I tell them hell no. Me personally I still bring in about $4k a month from cloudmining but this I know is something temp. I tell them buy the hardware yourself from a true business preferably a business you can go into and tell them what you want and need. I was trying to help people recover from cloudmining on this forum but everyone started bashing me because I would not just come out and say what it was. But maybe the will listen know. Since we have more and more people loosing the cloudmining fight.
Not true. There are reliable businesses with real hardware and reasonable maintenance costs. Apart form that difficulty is going ups and downs so you can make good margins on trading and mining at the same time. Real hardware and mining at home now really sucks as the electricity costs are now high.I would say that most businesses have real hardware and reasonable maintenane costs but even a real business with reasonable maintenance costs can fail or steal its clients.
Any business accepting clients' money can steal them. Just look on the banks
But that´s ...///drumbeat///... legal scamming. You know, like when the government has a monopoly on the use of violence. Which it decreed on itself of course while it legalized sundry scams. Scamsters often require quite violent protection that goes without saying.