"there is no need to worry about the house fire, " hahahahahahaha now an ICO for cloud panda mining. Wow, I cant believe people buy into this. Just build your own rig, learn a thing or two, and have fun doing it. If you wan to get rich quick you are doing it wrong, buy some shit coins and hope for x1000 on the price action.
hahha you should read it's not cloud mining far from it.
https://www.instagram.com/gigawatt_mining/
coindesk search for articles about CEO
http://www.coindesk.com/?s=Dave+Carlson+
And a great article about why mining needs this to decentralize mining and combat the economies of scale in China
https://bitcoinmagazine.com/articles/giga-watt-ceo-we-desperately-need-balance-power-mining-space/Prices are great so home mining works, but it all crashes down when people over build and prices come down. Then only the chinese mega farms are competitive, that's how we got here in Bitcoin mining and they are building GPU farms too. So this is an option to get 3.3c kwh HOSTING my miners not cloud mining. I have to ship my miners to them or buy from them. I have L3+ on the way that I am planning to ship to them, the panda miner isn't in stock anywhere so I'm considering buying from them. At 3.3c kwh They'll be mining longer than you're home rig, or my home rigs. Very few people have access to power that cheap, which when prices go down we will need. During this bull market mining capacity has been way overbuilt, threads already popping up talking about the mass selloff in GPU's and to me we are still in the golden age. I made it through the bear market of 14-15 so if you're turning a profit why sell...
okay end rant, but it's not a cloud mining scam and really only chance PoW has to remain decentralized and not controlled by a mining cartel in china. yes new GPU coins we can build rigs, but that's how Bitcoin started and if these coins last and remain profitable they will follow the same path of Bitcoin to ASIC and then mega chinese farms. This may be a way to keep it decentralized.
All cloud miners are scams, even "honest" ones like genesis mining is a scam since you have no chance to ROI. This token may or may not work, but I really hope it does since it's our only chance to compete with the Chinese cartels.