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Board Service Discussion
Re: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
by
cryptojumper
on 07/05/2015, 07:15:50 UTC

Minsty.co is the most expensive cloud mining I ve seen so far. There s no way anyone can ROI on that ATM.

Hashnest is a nice choice, Bit-x s a bit pricier but still a nice alternative. Another option is to switch to poof of stake coins, it s similar to mining but no cloud operations needed, no electricity costs. My favorite proof of stake coin is DMD Diamond, 50% annual interest.

Lost every respect for cryptsy (mintsy) because they got their hands in the paycoin scam scheme.

Proof of Stake - be careful, 50% annually means a potential 50%+ drop in value due to hyperinflation.

If you manage to stake 24/7 you will outstake the drop in value occuring from coin inflation by a little bit. And if a coin develops however, you could earn ever more.
But yes, the 50% interest is supposed to be counted in those coins, not in investment value.