Rly good post man. And kinda correct. I invested in PB , bought 5ghs with 0.051 btc, its been 3 months now and im almost even.
My experience is similar. Weekly return is about 8-10%. So, your buy is paid for in about 10-12 weeks. The other 4 years and 40 weeks is all profit.
If this wasn't profitable, people wouldn't be buying it. And, buying 30GHS for $76 for 5years at PBMinning is MUCH cheaper than the $299 for 1 year you pay at Cloudhashing.
BUt still it is a perfect setup for ponzi
. I just dont think it is.I guess it's possible. But, the payouts come close to the bitcoin mining calculators. Of course you could say that's by design. But, why would a ponzi shut down buy orders? To "look" legit?
I guess, so once again, only "invest" what you can 100% lose. All my crypto buys have been disposable income. I'm not betting the farm or the kids college funds or my 401k on this stuff.
Like i said i dont think it is. But it can easily be ponzi . And a very profitable one. Since we dont have any proof from them with what we mine, and what exact block we mined so we know from where profits come from.