Why do people interested in all of these cloud mining? Just buy the hardware and mine or buy the coin and hodl.
We are not only about Cloud Mining. We are Crypto Mining Index. You can mine on your own rig at home. You can get funded on Minex.IO, set up your rig, share profits.
Worst idea I've ever seen on this forum. Mining contracts are worthless and every cloud mining business is a scam until proven otherwise (earning profit or even breaking even - not counting nicehash here).
Also please correct me, but didn't this J. Blasko simply dev cloned coins and didn't ever implement any advanced features?
Well said and can't really add much more to this.
It's just another new showerthought approach of scamming people and/or total lack of understanding of dynamics in crypto.
Hmm... Do you know how to read, Legendary?
Special answer for you:
- Instead of buying own rigs, you can invest in someone's rigs. Instead of selling mining equipment when you done mining, you can sell tokens. Got it?
My name isn't Legendary, you must be new here. Also your skills in giving explanations sure lack a bit.
Instead of buying own rigs, you can invest in someone's rigs.
That's exactly what Nicehash does, but without getting involved in a 3rd party issued token/currency. People leasing their mining equipment there get directly paid in BTC, which lets just say, is also superior.
Not sure who came up with your ideas really, but he sure didn't sit down with industry relevant minds to discuss it.
I really, really wouldn't spend my time here if the ideas weren't so utterly bad, believe me. I'm fine with helping out some people to avoid this.