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Bitcoin Method Explained

Discussion in 'Making Money' started by antichrist, Oct 30, 2014.

  1. antichrist

    antichrist Jr. VIP Jr. VIP

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    Alright guys, maybe this will get someone thinking. I am not doing this myself but it is something I ran into the other day and it is simply brilliant.

    Alright lets begin.

    I was looking at flippa yesterday like I usually do to pick up some free niches and came across this: https://flippa.com/3291091-site-with-1-469-uniques-mo-making-avg-1-000-mo

    Interesting I thought, cloud mining contracts were actually pretty popular a while back. I wonder how this would work. I dug a little deeper, and saw on the site that 1 week of mining at 35GH/s would cost $97.50.

    08vm2su.png

    So then I went over to http://www.coinwarz.com/calculators/bitcoin-mining-calculator and entered in the information.

    9pr7W6l.png

    And wala, idiots will pay you 97 dollars to make a whopping 1 dollar a 17 cents!

    You may be thinking, who the hell is that stupid? I think the flippa auction is proof of concept. No mining equipment necessary and since there is an almost endless supply of crypto currencies, its time to go after some easy keywords. Happy Hunting!
     
  2. gu3sswh0

    gu3sswh0 Regular Member

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    That is why their selling it on flippa in the first place. Method looks fine on the surface but when you actually implement it you will find out that its not as good as it seems. The mining concept is dead unless you have huge bankroll and a warehouse to set up in.
     
  3. BigMoneyyy

    BigMoneyyy Power Member

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    Bitcoin mining is not worth the investment nowadays.
     
  4. PHPInjected

    PHPInjected Jr. VIP Jr. VIP Premium Member

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    I would not go that far. I would say that it takes a lot of search, but the investment becomes worth it. Not this way, of course. Though, it does have me thinking.
     
  5. antichrist

    antichrist Jr. VIP Jr. VIP

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    Right over your head man. Read and look at the links I posted. This guy is getting payments from other people that want to mine and paying them pennies on the dollar without needing to mine a damn thing. Simply go to an exchange, buy 1 dollar in bitcoin, send it to him, and enjoy your 96 dollars.