BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin

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They are profitable for the people selling them. My scrypt miner would only make me about $1.20 a day but people are willing to pay $4-6 a day for me to run it using their pool info. Same thing applies to the bitcoin mining contracts but probably not as large of a profit. Bitcoin mining will always be profitable, for as long as there are transactions to be confirmed there will always be utility in "mining," even beyond year ~2140 when all bitcoins are thought to have been mined. Alternatively, I agree with above re: BTC difficulty rendering all but commercial mining operations or cloudpools etc profitable being here, now. When I think about how, to date, the ... most purchases around mining, whether it's hardware or cloud mining services, are scams precisely for the reasons you've quoted. if buying mining shares was profitable, people wouldn't sell them. if buying cloud mining solutions was profitable, people wouldn't sell them. ive had hilarious conversations recently looking at 200Ghz/1Thz hardware where the pricelist is quite transparent and costs ... Bitcoin Mining; Best Bitcoin Brokers; Best Bitcoin Forex Brokers; How To Earn Btcoin; What is Facebook Libra? Ripple and XRP: The Complete Guide; Trade Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform – and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in ... Jan 6th 2014 3:43PM . AP/Rick Bowmer By Jon ... small mining rig is a great way to get some hands-on learning about bitcoin but warns that small rigs are almost never profitable. Mining pools ... Balaci’s testimony indicates BitClub never ran the lucrative bitcoin mining pools it lured victim investors with between April 2014 and December 2019. Instead, Balaci said he inflated the website’s mining activity to fool the “sheep” into sticking around. Balaci said he assisted Matthew Brent Goettsche and Russ Albert Medlin in setting up the network as its programmer. Goettsche has ...

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How to Make THOUSANDS of Dollars a Year Mining Bitcoin! (Hashflare Cloud Mining)

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