Start mining first then pay later. Smart move or risky?

[BitJannik]

Hey guys, has anyone actually gone for those "pay later" deals on mining rigs? Like the one on oneminers where you only put down 25% upfront, the miner gets shipped and hashing right away and you cover the rest over a few months.

On paper it seems pretty sweet, lower barrier to jump in, no dumping all your cash at once and maybe the mining rewards help cover the payments if things stay decent.

But i'm wondering about the downsides too: what if profitability tanks (difficulty up, BTC dips, whatever)? You're still stuck paying monthly even if it's barely breaking even or losing. Feels riskier than just buying outright and owning it 100% from day one.

Anyone tried it? Did it work out or would you rather save up and pay full price to avoid the stress? Curious to hear real experiences.

[JeromeTash]

But i'm wondering about the downsides too: what if profitability tanks (difficulty up, BTC dips, whatever)? You're still stuck paying monthly even if it's barely breaking even or losing. Feels riskier than just buying outright and owning it 100% from day one.

The only downside we know is that Oneminers is a scam service and if anyone dares to sends them any money, however little it is, they are going to get scammed straight away
We also know that you are stealthily trying to shill that scam service here in the forum and won't fall for your gimmicks

I mean, take a look at the feedback on your profile;

[ultrloa]

But i'm wondering about the downsides too: what if profitability tanks (difficulty up, BTC dips, whatever)? You're still stuck paying monthly even if it's barely breaking even or losing. Feels riskier than just buying outright and owning it 100% from day one.

The only downside we know is that Oneminers is a scam service and if anyone dares to sends them any money, however little it is, they are going to get scammed straight away
We also know that you are stealthily trying to shill that scam service here in the forum and won't fall for your gimmicks

I mean, take a look at the feedback on your profile;

There's an article about a costumer reports about fraud happening on that company https://blockscopex.com/news/reporting-oneminers-to-fbi-ic3/

But it seems that in here many people will get fooled because they have decent review on trustpilot https://ie.trustpilot.com/review/oneminers.com?page=2

Also its really better for people to go in this forum then learn from the experience of this user which post scam accusation against that company https://bitcointalk.org/index.php?topic=5574129.0

[JeromeTash]

There's an article about a costumer reports about fraud happening on that company https://blockscopex.com/news/reporting-oneminers-to-fbi-ic3/

But it seems that in here many people will get fooled because they have decent review on trustpilot https://ie.trustpilot.com/review/oneminers.com?page=2

Also its really better for people to go in this forum then learn from the experience of this user which post scam accusation against that company https://bitcointalk.org/index.php?topic=5574129.0

Thanks for the extra information. The Trustpilot system is just a complete fail, and I wouldn't trust the reviews on that platform 100%, but unfortunately some people are naive. It is very clear that the positive feedback on Trustpilot is fake and has been put there to hide the legitimate negative feedback.
I wonder why Trustpilot folks claim that they keep removing fake reviews, yet they let such on their platforms.