Can some one direct me to a thread that explains stuffs about mining? I do not understand what mining is.
Checkout this new thread and watch it for further discussion as its freshly posted.
https://bitcointalk.org/index.php?topic=2347505.0Anyway, well talking about the cloud mining I have little beliefe that it works in the reality. There are two things one is virtual and other is real! The cloud miners could be virtual and real as well. What I mean by this is simple, there are some companies which are trying to fraud people by showing up that they are actually mining but they are not, they are virtual. On the other hand there are real one (genesis, hash flare, miner gate, nice hash etc) and they have the physical presence too. However the real fact is they are not pay you because they are not generating the effective hash rates or revenue in the reality to feed your profits. So be carefull while investing your money onto them.