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[News] Gavin Andresen’s ‘Fractional-Reserve Mining’: Cloud Miners Respond

Discussion in 'Bitcoin' started by CryptoBuddy, Aug 22, 2014.

  1. CryptoBuddy

    CryptoBuddy Quarker


    In response to a Reddit post asking whether cloud mining contracts make sense, Andresen wrote the following: “No, they make no sense. I suspect many of them will turn out to be Ponzi schemes.”

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    digitalindustry likes this.
  2. digitalindustry

    digitalindustry Quarker

    Ha ha ! Mining monopoly is falling a part . I have been predicting for a while this will be the downfall of bitcoin
  3. Mako

    Mako Quark Supporter Staff Member QuarkTalk Custodian

    not exactly, Gavin most likely refers to cloud companies like http://pbmining.com/ which have no proof that they're actually mining
    goroj84 likes this.

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