Cloud mining 101 question

[rabbit1979]

I see now that BFL has begun selling cloud mining contracts. For $10k you get 5000 gh/s of mining capacity for only 12 months. But that'll only earn you roughly $5k in coins over the course of the year on average, probably less. So what gives? Why would anyone be interested in that!?

[mishax1]

Just another BFL scam, nothing to see..

No one would mine there besides them while genesis mining giving 5000gh/s for $2350 for a "Lifetime" cotract..  

[flyingplows]

Just another BFL scam, nothing to see..

No one would mine there besides them while genesis mining giving 5000gh/s for $2350 for a "Lifetime" cotract..  

There are even better offers than genesis-mining and at least same legit like hashnest or bit-x, and no one should pay BFL for anything, or it will end the same way as before with pre-orders, ''shipping'' equipment, mining with it for themselves, being investigated for scam, etc 

[Glucose]

Just another BFL scam, nothing to see..

No one would mine there besides them while genesis mining giving 5000gh/s for $2350 for a "Lifetime" cotract..  

There are even better offers than genesis-mining and at least same legit like hashnest or bit-x, and no one should pay BFL for anything, or it will end the same way as before with pre-orders, ''shipping'' equipment, mining with it for themselves, being investigated for scam, etc  

To me GM is the best cloudmining service on the market. I may be wrong but I think the will go a long way..

[Phildo]

I see now that BFL has begun selling cloud mining contracts. For $10k you get 5000 gh/s of mining capacity for only 12 months. But that'll only earn you roughly $5k in coins over the course of the year on average, probably less. So what gives? Why would anyone be interested in that!?

the same reason they pay 10k for a miner that will generate around 5k in coins, people are bad at math.