Quote from: fanatic26_ on December 28, 2018, 06:02:33 PM

*BUZZER*

Incorrect. There are a number of reasons for them to do this.

The electricity prices they are charging are double what they pay.
They are still selling you a machine, through a very indirect and convoluted method, that you may not even want to retrieve at the end of your contract. They also can keep the asset on the books until this happens.
On the books, having GUARANTEED monthly income versus crypto income that can vary wildly from day to day is extremely important, especially for a company trying to forecast or go public.

There are other reasons as well, I just wanted to give a few to prevent the spread of misinformation. Remember, when you make a claim not based on facts (such as what I quoted), there is a chance someone else will read it and think it is a fact, when it is not. This type of misinformation is potentially dangerous and damaging to the community and industry as a whole.

I agree with this part

4 cent power on a 50 watt a th miner the s15 cost them 50 x 24 = 1200 watts at 4 cents = 4.8 cents they charge 10 cents 10 - 4.6 = 5.2 cents.

and I think but can not prove they use the s15 and tell you it is the s9 thus charge 13 cents a th getting

13 - 4.8 cents = 8.2 cents.

my great annoyance is they do not address this issue
and they did not address it when they were hash nest and had the opportunity to do it with s-7 and s-9

ie a license to steal

as for certainty that btc price drops no it is not certain but the false mining possibility allows downward pressure on profit.

this cloud mining is most certainly why hash rate jumped up. close to 8%

I really would not be vocal or complain if they gave some proof they are using s9s' for the s9 contracts they sell.