3
I don't get it. How it can be profitable even in theory? F.e. if someone has a machine that earns say 2$ per day, why would he want to lease this machine for 1$ for some stranger and give him this 2$ if he can just run this machine for himself and take the whole 2$ in his own pocket?
1
Intelligent people ask intelligent questions.
Indeed it is true that if a particular setup can profit $2 per day there is seemingly no sensible reason to lease it out for $1 a day when you could have the $2 a day yourself - it would make more economic sense to lease it out for $3 a day.
From another perspective, someone who wants to mine can forgo the initial outlay for mining equipment and hire mining power for a fee. It is possibly not true, also considering the cost of running the machine, that leasing mining power may be more cost effective than purchasing and housing mining equipment yourself - most high-power mining equipment is also quite loud. It is still to consider that the equipment you lease may have lower costs for power and cooling than you could provide.
Only retard would want to pay 3$ for machine that can earn only 2$ for him) Opposite is also true - who would want to lease a machine for 1$ that can earn 2$. The only point on this line where nobody lose anything is lease this machine for 2$ which absolutely has no sense except heating the atmosphere. Which is very stupid and nobody would want to make this without profits. The conclusion - ANY cloud mining farm is a scam including Genesis Mining. It's just a tricky way to steal money from... well, retards. Very cool although =) – m8labs – 2018-06-30T10:56:42.257
2Absolutely. Intelligent people do the math. – Willtech – 2018-06-30T10:59:39.940
3I think you've answered your own question... – chytrik – 2018-06-29T23:34:30.993