Quote from: 5craziest on September 03, 2014, 02:35:21 PM

Quote from: aasl on September 03, 2014, 01:37:59 PM

knccloud is selling 1TH/s for 6 months at $1995. It will never ROI, and who wants to buy it?

Bitmain now launches its own cloud mining service: https://www.hashnest.com/currency_markets/17/subscription

1GH/s at 0.00135BTC, at least there is hope of ROI (although it takes a long time)

the beauty of these schemes is that it doesn't even require the company to have or use any of their equipment. The customer pays up front. Payouts are made based on difficulty calculations through the life of the contract. Since you can't ROI, the residual from the initial payment is simply kept as profit. All the while, the company can hash away with it's private mining operation

I call it an inflation-Ponzi.