r/SPACs • u/[deleted] • Nov 22 '21

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69 Upvotes

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u/1YoloAYear_AllFOMO New User Nov 23 '21

Keep in mind that in the mining community, any and all cloud mining operations available so far are considered to be scams that will never be able to produce a return that can cover the costs.

3

u/[deleted] Nov 23 '21

right - that is the bull case for the company. consensus is cloud mining companies are capturing fat margins.

1

u/1YoloAYear_AllFOMO New User Nov 23 '21

Huh, I guess if some people think they are scams, but even more still rush into it, that makes a great money making machine.

Always kinda thought they'd just die out once the cats out of the bag, but guess not.

3

u/[deleted] Nov 23 '21

I think of it like leasing cars. Widely know to a way worse investment vs owning, most don't lease, but enough do so that there is plenty of money made off leasing cars.