LivingCorpse
Registered Member
- Nov 23, 2018
- 99
- 6
Cloud mining is just financial pyramid, i'll never step in to this tihs again
Hotaruru
Registered Member
- Nov 22, 2018
- 60
- 2
mining now requires too much resources. Much more easier to earn airdrops
rayblack
Regular Member
- Aug 4, 2018
- 363
- 33
Ok, then you are dedicated to crypto trading, right?
bazhina.fler
Newbie
- Nov 17, 2018
- 39
- 5
why is this pyramid? could you tell the whole story plz cause i was thinking to start it
I don't know if individual mining works nowadays, the puzzles are too complex I heard. Its best to join a team of miners. I am not an expert though.
LivingCorpse
Registered Member
- Nov 23, 2018
- 99
- 6
It's very simple, you give money to someone you don't even know to mine on something you don't even see
who know what it's al not just a scum, how can you can tell for sure
ShinigamiGummy
Registered Member
- Nov 22, 2018
- 81
- 6
"Again"? You're one of those retards who believed that this crap would work?
- Mar 21, 2013
- 24,764
- 31,552
Cloud mining is typical ponzi.
The main argument for cloud mining is that miners need cash flow so they sell some of their mining power in exchange for immediate money.
So they need to keep selling more and more hashpower in order to stay afloat.
Members buy hashpower, then it becomes obsolete and then they must buy more and more to keep the system running.
If new members stop contributing, the system collapses.
Biggest miners in USA went bust recently, I forget their company name but I read somewhere.
The main argument for cloud mining is that miners need cash flow so they sell some of their mining power in exchange for immediate money.
So they need to keep selling more and more hashpower in order to stay afloat.
Members buy hashpower, then it becomes obsolete and then they must buy more and more to keep the system running.
If new members stop contributing, the system collapses.
Biggest miners in USA went bust recently, I forget their company name but I read somewhere.
LivingCorpse
Registered Member
- Nov 23, 2018
- 99
- 6
No, i put some small part of my ether in smart contract ponzi based pyramid on ethereum blockchain, jut to look how it works
bazhina.fler
Newbie
- Nov 17, 2018
- 39
- 5
Anybody has ingo about Genesis Mining? I wanna try 2,000 GH/s plan, it costs $340. But I'am afraid it is scum
Prensty
Regular Member
- Aug 29, 2018
- 310
- 41
Can you tell more about airdrops? I've heard about it, but don't even know what that means..
Daniel Mark
Newbie
- Dec 4, 2018
- 6
- 2
How to mine? can you help me?
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
I find mining to be way too much work and too much risk. Much easier to just trade the market for gains.
Dialgon
Regular Member
- Aug 3, 2018
- 301
- 27
You don't even have to trade, just buy and hold!
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
True in a bullish market, but also a great way to get rekt in a strong bear market. Stop losses are your friend.
ShinigamiGummy
Registered Member
- Nov 22, 2018
- 81
- 6
Mining is not stressful...or receiving of bills for a electricity is a stress for ya?
Hotaruru
Registered Member
- Nov 22, 2018
- 60
- 2
Is there any risk in mining? Seems to me like u need only to buy a farm, isn't it?
hem98
Junior Member
- Jul 26, 2018
- 124
- 33
I tried hashflare and invested a good amount of money into hashflare thinking it would yield good returns but then Bitcoin started decreasing in value and my money felt worthless.I invested into some getrich quick scheme and that money is worth nothing as I cannot regain it back .