Pieta is soon going to start deploying its cloud-based mining contracts

[pieta.network]

Pieta is soon going to start deploying its cloud-based mining contracts. Yes, you heard it right. Pieta mining contracts will be based on cloud, which means there will be no hardware cost and no maintenance fee. The price of contracts will be also very low, thanks to the use of affordable solar electricity. You can mine your favorite cryptocurrencies with up to 50% less input/energy cost with Pieta Mining Network.

[DrG]

There is no compelling argument to be made for cloud mining and not one single company has managed to stay alive for 5 years and succeed in paying its customers faithfully. Not a single one.

NEWBIES, see my ancient post for reference: https://bitcointalk.org/index.php?topic=739510.0

While I wish people entering the cyrpto business market success, cloud based mining should be dead. If anything, a business that issues mining dividends would make sense - but it needs to be a legitimate business that is licensed with the government and files taxes. I know this flies in the face of some of the various coins goals of anonymity - but it is that anonymity that has allowed cloud mining scammers to flourish.

Individuals should either mine or their own and decentralize the network or support companies that at least push that goal. Otherwise you're just lending some bum some money and hoping you get your money back.

[pieta.network]

There is no compelling argument to be made for cloud mining and not one single company has managed to stay alive for 5 years and succeed in paying its customers faithfully. Not a single one.

NEWBIES, see my ancient post for reference: https://bitcointalk.org/index.php?topic=739510.0

While I wish people entering the crypto business market success, cloud-based mining should be dead. If anything, a business that issues mining dividends would make sense - but it needs to be a legitimate business that is licensed with the government and files taxes. I know this flies in the face of some of the various coins goals of anonymity - but it is that anonymity that has allowed cloud mining scammers to flourish.

Individuals should either mine or their own and decentralize the network or support companies that at least push that goal. Otherwise, you're just lending some bum some money and hoping you get your money back.

licensed with the government and file taxes

[fakefrombot]

Most of such scams registering their companies in U.K. because everybody can register company here just for 10 mins and 30$. Remember Cloud Mining is a 99.9% SCAM. You will buy a package and they will pay you small dividends from your money a few weeks and then rob it. If you want to make money from investing - find a great bitcoin/altcoin startup and invest in it for future profit sharing. But do not buy virtual cloud mining machines.