Quote from: avw1982 on December 05, 2015, 01:48:32 PM

Quote from: supermeatboy385 on November 29, 2015, 11:45:41 AM

In my opinion, best investment for bitcoin is Cloud Mining..

Yup its showing consistent profit in bitcoin cloud mining.Hashflare powered by HashCoins mining hardware. In this you can earn good and we got for 100 GHS cloud mining hashrate purchased at the service. and gigahash doing good mining service and less maintance charge.

Speaking of Ponzis, there's no such thing as "cloud" mining. Mining exists in hardware, not in the cloud.

OK, let's say the equipment costs $1000 dollars for a particular miner.
The miner makes $100 a month (which is about the price someone will rent it for.) It will take ten months to ROI.

What's the purpose of renting it to someone else instead of simply utilizing the hashing capabilities yourself?

Ponzi, or they are trying to create liquid cash flow in order to position themselves for a later scam down the road. After all, being able to move capital shows you can move capital.

Is there something that I am missing about "cloud mining"... Roll Eyes