Quote from: leowonderful on March 29, 2016, 01:46:04 PM

Quote from: cryptodevil on March 29, 2016, 01:43:02 PM

Quote from: GermanGiant on March 29, 2016, 10:05:04 AM

Quote from: Obeseskydiver on March 26, 2016, 11:00:58 PM

Hey there, I currently have 4 S3 miners. I am going to purchase an S5 soon. What do most of you guys do with your old miners? Do you guys sell your old miners or just use them in your mining software?

This is why people should turn to cloud mining, so that they do not have to deal with old hardware sales to recover initial investments.

Except for the fact that 99% of sites purporting to be 'cloud mining' are actually ponzi scams. Just like the one in GG's sig.

There are a few paying ones for now, but i'm not going to say anything because some person is going to -rep me for posting good things about a ponzi.. AGAIN.
Cloud mining is very insecure and most people would just rather have physical hardware hashing shares that they can fully control rather than some service promising hashrate that may not ever have been generated. Simply go to a website and sell your miner, and when the next gen ones come out you'll be a few dollars closer to a new miner.

Yea, I don't trust cloud mining.