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2 sats \ 2 replies \ @NorthKoreanHostage 5 Jan 2023 \ on: @hashbranch's bio bitcoin
This is everyone's reminder that cloud mining is always a scam.
Yes I agree. Hashbranch has nothing to do with cloud mining. We connect users directly with operators who can host user owned ASICs. Very different model, and we are focused on the trust and transparency of the whole process!
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This reminds me of when I was in an MLM and trying to explain how it's not a pyramid scheme. It's close enough.
Maybe I'm wrong.
Maybe you're taking the metaphorical hotel model for prostitutes. You don't employ the prostitutes, you just give them a platform.
Pardon me, but could you please explain how your business model isn't just an advertising front end for cloud miners?
How can we know that there's any miners whatsoever?
How can we verify the miners are actually not just fake accounts?
How can we verify the miners' hash rates?
What steps do you take to ensure your not just a platform for enabling cloud mining scams en masse?
But my main concern is, as for investments, how do you convince Bitcoiners to invest in your thing instead of buying more BTC?
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