I fail to understand how it's hard to notice that people aren't just going to give you access to their rigs and ASIC miners and pay you profit from it (without it being a scam) or that these lifetimes contracts are actually going to lead to profits, as companies like gensis mining are only going to pay out if its PROFITABLE FOR THEM AS WELL.
What's so hard to understand here and why are people, joining into this cloud mining scam?
It's because some people just don't want to do the hard work but instead make their money work for them even though there is a small profit. Some just want to have a passive income because they are busy with their other jobs so investing in cloud mining would be one of the ways to have multiple source of income. Some people don't know how to mine themselves so they invest into someone else that has the tools to mine and then wait for their share of income. Some maybe are just starting venturing into cryptocurrencies and don't know where to put their funds so they start in cloud mining.
No matter how much you try you will never understand it. Even after so many warning topics, people with bad experience in cloud mining, everyday I see new cloud mining site and people who pays for their mining power. What to think about people, that most of the world population is stupid and ignorant? Like sheep's they go to do a haircut and they pay a lot of money and they give their wool, double loss, but who pays attention on that.
I understand that people wish to make easy profit, but this is worst then anything else. Even gambling is better, at least you have some real chances to win something big, with cloud mining you can just lose.
