Quote from: Searing on October 01, 2014, 10:17:27 AM

Quote from: Lucky7Gaming on September 30, 2014, 11:09:59 PM

https://www.kncminer.com/products/400ghs-btc-cloud-mining

Does anyone have experience with this btw? It seems profitable? But I don't believe it?

1) it is KNC be very cautious ..

2) will all the cloud mining hash coming out imho it is due to the fact they have LARGE mining farms to do so
   ie they will drive up the difficulty with their large arctic cooled 1c/kwh operations and gladly charge you
   in their fees say 8 - 10c kwh rates to host with them...ie imho you will never catch up..it will look good at
   the front end like most asic pre-orders and you'll be creamed at the back end of the contract with the mad
rush to these good deals....and wash/rinse/repeat to the new newbie users

3) someone in a previous post says that cloud mining would work if done with integrity and honesty...look how
   well that worked with the asic companies making machines..then going to farms (knc) then mining 1500 units
   or whatever it was at a time customer machines for 2 weeks before shipping as testing / burn in (bfl)

hell ..i just think the greed is too overpowering a case study is knc now the new bfl...it will start out ok and
be the same tune different venue in the end ..ie little guy is screwed

that sad part is ..will be another bitcoin scandal hurting bitcoin..then the new scam will come...wash/rinse/repeat

KNC needs to be boycotted!