https://cryptostocks.com/securities/98Is this a good security to invest in? The dividends seem good and they are expected to increase with daily updates, but there is not much discussion about them.
Sadly it looks like we got the answer to your question. Here is the latest posting on crypto::stocks by coinfarm asset:
Ticker COINFARM - DigitalCoinFarm
Date 10 Oct 13:17
Annoucement
For months, we found that mining has become increasingly difficult because of the mining machine price, and many other reasons for it.
Mining machine can dig back less than half of the investment. Pl
And IDC place rent cost, electricity, security costs. it getting too difficult for us to maintain the operation of the project,
So a couple of months ago, we began to research other projects, for example, automated trading system, or hedging trading system, and mining pool system. But system are still under development.
We decided to changes in payment method, possibly in twelve weeks or a month later, will announce a new project.
If we maintain like this, it really hard to earn back all investment. We will use the remaining funds to develop much of the new system to maintain a stable income.
We will make new annoucement after new system come out.
*Summary: They delayed previous daily dividends from 5th until allegedly the 10th. On the 10th the make the announcement made above. Obviously share price isn't worth a damn any longer and no mention of this alleged delayed dividend. End Result: Thanks for the funds fellas...we'll figure out some way to make money with them while your investment goes to shit! Thanks for investing with coinfarm!
**Very likely scam. Avoid at all costs.