Interesting explanation.
So is it even possible for a company to profitably offer their customers a non-money-losing contract? Perhaps maybe in the future when mining industry matures?
Just trying to figure out whether the "mining contract" business model is even possible to legitimately and profitably offer?
To me, it is just like any other similar leveraged situation. Casinos, mining, etc - the house always wins.
The person OWNING it, makes a TON of money, because there are always new investors. The "investors" are not generally people that are truly financially savvy and get involved with small amounts of money. There are enough of them joining to have social proof for other inexperienced "investors". I totally see how to make money SELLING mining contracts.
I don't see a ton of people around the net talking about how well their "contracts" are doing mining Crypto