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!
