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RE: Cloud Mining - with who and whats currently the most profitable
"So who and what is most profitable?"
Not cloud mining. Cloud mining is borderline a scam, it's pretty much mathematically guaranteed to be worse than buying and holding anything. The only reason I don't use the word scam is that the math is right there for anyone to see. It's like voluntarily walking in and paying more for a product; I guess that's not a scam, but I wouldn't want to do business with anyone that tries it.
You are giving your money away and encouraging others to do so. Please stop. These mining services are parasitic.
He is not encouraging anyone. Just did analysis and left to readers to decide what they want to do :-)
Shrug, technically correct. The best kind of correct I guess. I still think it's disingenuous. It's got referral links for the mining companies, which is the only way that you can make cloud-mining more profitable than just buying. It's a thinly veiled pyramid scheme with Craig-Grant at the top.
This analysis doesn't even mention projected difficulty increases. It vastly overestimates the "profitability" to be had. No mention of counterparty risk (see recent Genesis hack).
This is typical "I've never done the full math on mining contracts so I think they print money and can't wait to tell anyone" nonsense. Incidentally, this is also why I didn't flag it. I think it's done mostly in good faith (and slightly for rewards/referrals), not as a deliberate pied piper leading lemmings to the cliff.
The first line of any cloud mining post should be "cloud mining is not profitable and you should never do it".
oh hell yeah Craig Grant is a scammer as fuck. As bad if not worse as Joshua Homero Garza
I also get irrationally annoyed by his word vomit poetry which is basically just mad libbed "Take cliche about life, but say the exact opposite".
I don't know why it bothers me so much. He also is a lazy, selfish blogger.
He certainly loves to talk about himself, verbally masturbate and record his videos on YT lol
He does not follow anyone and does not upvote anyone. Has no engagement in community (chats rooms, meetups, minnow upvoting etc.). Only sometimes upvotes some posts that support his scams or some high reward trending post to get a buck back.
Indeed.
Having said all that, I don't think I want anything done about that beyond the community flagging it if the want.
Although I have plenty of complaints about the way-too-high opportunity cost of flagging people at the current time...