Post
Topic
Board Service Discussion
Re: Advice for new users regarding CLOUD MINING
by
Furio
on 02/10/2014, 06:18:33 UTC
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!