Post
Topic
Board Pools
Re: ghash.io overtook btcguild
by
BorisAlt
on 30/11/2013, 21:04:15 UTC
So, in other words, you'd be loving any service that allows you to make money, regardless of how it operates? No matter that it could be a sort of pyramid scheme or something of that kind?

The 'cloud mining' services are evil. Period. If you care about bitcoins you hold, you should care about mining centralization too. These services centralize mining even more, I don't even mention ridiculous prices and absence of any guarantees that these GH/s even exist and aren't being used to perform malicious activity.

People should stop being narrow-minded and see a greater picture, not just look for a quick profit.
The moment you tell people why they "should be" or what they "should do", you lost the game. It's that simple. I do not care about you or your principles. I care about my small (business) profit. Period.

Do I care about bitcoins I hold? Yes. Not very much because I never spent any more than I can lose, but I still care, if just for the sake of amusement. You see, I am here as a member of the general public, who never drank the cool aid of libertarian moneys. Bitcoin is no longer in the realm of really smart computer geeks blabbering about virtues of cryptos. I am here to make my small (business) money. If you thought it will forever be in that other realm, well sorry man, the rabbit is out. If Bitcoin fails, oh well. 99.9% of the population, me included are not going to cry. We will blame (someone) for our own stupidity. That's the game.

CEX.IO and Ghash.IO offer my small business a better ROI. If you have anything better, I am all ears.

Please, do tell me, why virtual GHs in any way worse than "real" GHs I run in my basement? Is the return lower? No.

YOUR PROBLEM is that you are trying to tell me what I "should do", instead of going and opening another cloud based service. In the world where every Bitcoin mining farm is a cloud based one, who has the "evil advantage"? Nobody.

To sum this up, CEX.IO offers the best deal for my business at this time. When something better comes along, I will consider it.

And please, don't kill the messenger. I am trying to explain what's going on. Have you seen the hash distribution rate lately? Here is your clue. You are free to accept or ignore it. Sorry.