According to my own research in the field of mining, I see an asic mining machine ($ 1000) generates about ($ 4) per day, let’s ridiculous dialogue about electricity I see online in some countries, Electricity is very cheap and some are very expensive. This is not the problem. Mining looks very profitable 0,4% per day is not bad. Ie: Why does not someone, even an honest "one" from this forum, establish this project, the members pay bitcoin (the interest is paid as they both agree) and he takes care of the rest of the things, What's the risk in that? And why is
all cloud mining fraud?
What can happen that might spoil this, would the miners explode, for example?
Most of them doesnt proof any pool and link tx . they are runing bussines based on ponzi scheme and only providing basic mining calculation. and if you talk about rent mining there is many services still running you paid what you rent . i have rent mining in nicehash and using it for mining new coin. renting some hash power for low diff block might be still making profit. if im using it for mining bitcoin these days its not make any good profit or maybe less than what we paid.
if they can make good profit with their mining why they rent it ?
even the legit one who provide cloud mining such cex.io suspended their services .
CMIIW
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