cloud mining = ponzi

[mayax]

Question about cloud mining :

If they have the spare capacity... Why aren't *they* mining with it? Why do they want to "share" the profit?

Clearly, it's more profitable for them to "rent" you the capacity than to mine themselves. So how can YOU achieve ANY profit?

[1714943305]

1714943305

[1714943305]

1714943305

[1714943305]

1714943305

[1714943305]

1714943305

[1714943305]

1714943305

[1714943305]

1714943305

[Toggy]

I agree with you.
I was gonna ask the same question.
But the thing is that many people buy it...

[jimmothy]

Question about cloud mining :

If they have the spare capacity... Why aren't *they* mining with it? Why do they want to "share" the profit?

Clearly, it's more profitable for them to "rent" you the capacity than to mine themselves. So how can YOU achieve ANY profit?

There are reasons why legitimate mining operations would want to offer cloudmining.

For example, say a miner costs 1 btc and will produce 1.5 btc over the next 6 months.

A cloudmining company could offer the miner for 1.25 btc (for immediate profit), reinvest in hardware, sell new hardware for 1.25 btc. Rinse and repeat.

Cloudmining is like selling hardware but instead of shipping it, the company hosts it. That way people can have access to cheap industrial electricity rates.

With that said, ~95% of existing cloudmining companies are likely ponzis.

[mayax]

I agree with you.
I was gonna ask the same question.
But the thing is that many people buy it...

well, this is not a problem that these are ponzies. many people like to play...it's ok. you can "bet" some money and it is possible to earn something if you are in the first ones who "play". the last ones will always lose. it's the ponzi rule.

the problem is when these so called cloud mining "companies" are advertising as being "corporation" with huge data centers. At least, they have to admit what they really are and I am sure many people will still play

Look some HYIPs (ponzi) who admit what they are and they have tons of clients

http://finefxgt.net/home.php

https://phenixpro.com/index.php

https://trend-og.com/

[Brewins]

Not all cloud mining are ponzis.

Some received more likely legit avaliation by the cloudmining risk assessment topic, like BIT-x and others

https://bitcointalk.org/index.php?topic=878387.0

[Endersgamer]

there is a legit cloud
Example : hashnest

[mayax]

there is a legit cloud
Example : hashnest

all the ponzies are paying for a while and the people are earning. i know many people who earned a lot of money from HYIPs . not with cloud mining but with "normal" HYIPs like similars to the ones from above.

BUT these clould mining MUST admit what they are, that's all

hashnest = HYIP (ponzi)...
Bit-x = HYIP (ponzi)

[bbxx]

hashlet is a form of ponzi...

[Dilemma]

hashlet is a form of ponzi...

for me, hashnest isnt a ponzi
maybe you are right, maybe i am wrong
but i trust them..

[iCEBREAKER]

Not all cloud mining is a ponzi.

For example, this seems legit:

Visit us:   cloudmining.bit.diamonds
for terms & conditions Email us: cloud@bit.diamonds
I am not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker or Financial Planner. The Information is provided for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you. Before using this information to make an investment decision, you should seek the advice of a qualified and registered securities professional and undertake your own due diligence. None of the information is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. DMD Diamond is not a regulated investment vehicle. DMD Diamond, like all crypto currencies, is experimental in nature and should be considered and treated with appropriate caution. There is no central point of control or representative entity, DMD Diamond is a distributed decentralized peer-to-peer currency and commodity. Consult a licensed professional financial advisor before making any investment decisions. I am not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.

Can't decide on whether to invest $5000 or $10,000...   

[Dilemma]

maybe it's not ponzi but 10.000 dolar is too high for mining invest
i dont suggest you to do this
it has high risk..

[picolo]

Question about cloud mining :

If they have the spare capacity... Why aren't *they* mining with it? Why do they want to "share" the profit?

Clearly, it's more profitable for them to "rent" you the capacity than to mine themselves. So how can YOU achieve ANY profit?

Some cloud mining companies are shady but they want to get some BTC to buy more hardware.

If you have 10 miners that costed 8BTC and bring 1BTC/week you can get 10BTC right away and buy 12 new miners...

[WaffleMaster]

Cloud mining is more of a reverse loan, or a bond. Say you buy 1gh/s for 20 cents. You then enter a contract to get paid .5% of that 20 cents a day for however long the contract lasts, as of late the trend seems to be "unlimited hosting" (yeah right). They don't need to be ponzi schemes. They're paying you back with your own money while they keep the rest and put it in a stock portfolio, probably dividends. So, they take 10 cents, put it in their portfolio and then over the course of 3 months pay you with the 10 cents they set aside for you to get paid back while earning money on your capital. How they choose to earn it is up to their risk. Some simply just set aside the 50% and then pocket the other 50% to have nice vacations and buy cars etc. though.

[btcshiner]

hashlet is a form of ponzi...

Are you referring to Hashnest or the Hashlet product from Gaw miner's.

At least with Hashnest you know they have hardware since bitmain owns them.

[darkangel11]

hashlet is a form of ponzi...

Are you referring to Hashnest or the Hashlet product from Gaw miner's.

At least with Hashnest you know they have hardware since bitmain owns them.

You could say the same about hashlets, they are sold by a a hardware reseller so they must have it

[bbxx]

hashlet is a form of ponzi...

Are you referring to Hashnest or the Hashlet product from Gaw miner's.

At least with Hashnest you know they have hardware since bitmain owns them.

only gaw has been selling hashlets