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Topic: What do you think of Cloud mining? - page 4. (Read 499 times)

legendary
Activity: 2590
Merit: 3015
Welt Am Draht
January 21, 2018, 04:53:23 PM
#2
Almost all of the time it is too good to be true.

Check this - https://blockchain.info/charts/difficulty

That's mining difficulty. More difficulty requires more machines and more electricity.

To keep paying you the same amount the miner has to spend that much more to keep up.

Are they going to do that? Nope. They're going to go Ponzi and pay you with the money they fleece from other people. Keep going until it collapses.
newbie
Activity: 7
Merit: 0
January 21, 2018, 04:44:03 PM
#1
I am new in the bitcoin world, and I saw this publicity on instagram about cloud mining, it claimed that I could earn bitcoins with any investment, even without having a hardware. I did a little research but didn't understand much, it seems too good to be true.
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