Post AE8HowiV0c17tFver2 by Ogfomk@bitcoinhackers.org
(DIR) More posts by Ogfomk@bitcoinhackers.org
(DIR) Post #AE6usAlWjw5ME7xGSW by bitcoinmechanic@bitcoinhackers.org
2021-12-06T00:37:42Z
0 likes, 3 repeats
I feel like this goes without saying but....***Don't buy hosted miners that aren't going to come online basically immediately in any circumstance***Also:Miners hosted by someone else do not make the bitcoin network any more decentralized.Not your miner, not your hashrate.
(DIR) Post #AE7nqIo5MnGs4AGxnM by Ogfomk@bitcoinhackers.org
2021-12-06T10:53:38Z
0 likes, 0 repeats
@bitcoinmechanic I second this! I went for the Compass Mining schtick. I bought 2 miners three months out. I paid with BTC. When it came time for the miners to go online the facility was not ready. Compass have me a choice: Sell back my miners, wait for another facility or get the miners shipped to my home. They also have $500 credit for each miner for future purchase. I opted to sell back. I got less BTC back because the prices were Fiat. I lost sats.
(DIR) Post #AE7ol8zGY4767KbeTY by htimsxela@bitcoinhackers.org
2021-12-06T11:03:55Z
0 likes, 0 repeats
@Ogfomk sorry to hear it, I've seen a few similar stories online recently. I'd agree with @bitcoinmechanic, hosted/cloud mining has always been sketchy at best. Kind of amazed to see them still being advertised on so many platforms.
(DIR) Post #AE8HowiV0c17tFver2 by Ogfomk@bitcoinhackers.org
2021-12-06T16:29:32Z
0 likes, 0 repeats
@htimsxela @bitcoinmechanic In all fairness I don't blame them (Compass Mining) for having this business. For me I just jumped on the wagon when China threw out the miners and I figured I would get lucky (Greed). And that's it! Greed makes stupid people like me do stupid things and I lost time and energy that now I have to work even harder to recover. Risk and Reward is this balance.#Bitcoin, ironically, is the risk of knowledge gained in time value. It pays just to learn.