.

Bitcoin Blog a1

Sunday, April 15, 2018

More Hash


I recently ran into some mining services online. While looking at them, I noticed something. Look at these two sites for example:



See how similar they look?

They almost look cookie cutter to each other. Like similar templates with just slightly different images. Also note how they work exactly the same. You get a bunch of free hash rate, but you can’t withdraw it. Additionally, you can recruit referrals, but you don’t get credit for free referrals, only paid. The key terms are all exactly the same.


My guess is eventually these will dry up. They can’t mine like this indefinitely.


Look at these returns. They are simply too high, and that amount of money can’t buy that much hash power.



Look at this miner for 2.5k. It has 13 TH/s or 13,000 GH/s. At about 10k a btc .5 btc is about 5k, or two antminer S9’s. Or 26,000 GH/s, which is significantly less than 350,000 GH/s. It is nowhere close really. This cannot be a real mining operation. These pop up mining operations are another classic example of a ponzi scheme. They have to recruit new users to pay off the old. And went it is no longer profitable, they will shut down the site, just like hashocean, hashprofit, and countless others.

In short, be careful what you are getting into! If it seems too good to be true, it probably is!




No comments:

Post a Comment