Post
Topic
Board Service Discussion
Re: Cloud mining, profitable or not?
by
jonnybravo0311
on 03/09/2014, 22:20:53 UTC
These kind of people should not be involved with mining.  If you don't have the time or the energy to get involved with physical mining then you don't need to contribute to the demise of a currency by helping to centralize it.  If you promote cloud mining are you promoting centralization, particularly if you are supporting large mining entities like cex.io.  That would be like people wanting to get involved in helping put out a fire by standing with a garden hose while blocking the path of a firefighter with a 3" line.

There are many ways to get involved with crypto and make money.  Mining is but one aspect.  People are looking for easy money and they think they can throw some cash at a website and have more cash come back.
The part I bolded is exactly the case the majority of the time.  People think, "I can just leave my computer running and it will make me lots of money!" Because there is indeed money involved, people will find creative ways to sucker you out of yours.  It truly amazes me the sheer number of people unwilling to do the slightest bit of research, yet willing to toss money at a thing.  It's no wonder scams like Lunamine are so prevalent... people keep lining up to throw away their money.