Now that HashOcean has left the Bitcoin cloud mining scene- and a lot of user funds with it – people are looking for new alternatives. Interestingly enough, they are not looking for the services they know will pay over an extended period of time. Bitcoin cloud mining is not about a quick ROI, as it can take up to a year or more to break even. However, Coince is promising people the moon and the stars, and they are attracting investors. Coince – A Risky Investment At Best
Before we go further, it is important to note Coince has been paying out [most of] its users for quite some time now. However, that doesn’t make the company more or less legitimate than others. HashOcean paid out users for nearly a full year before going tits up as well. Coince is also actively marketing their services on a wide variety of platforms, all in an effort to make them appear more legitimate.
It is also important to distinguish between Coince and HashOcean . The latter was focused solely on Bitcoin cloud mining, which is always a risky business. Coince, on the other hand, positions itself as a Bitcoin investment company. While this may sound a lot more promising, they are effectively in the cloud mining industry as well.
So what do users get when signing up for the Coince investment package? First of all, there is a 60-day Bitcoin cloud mining contract, although there is still an electricity cost to take into account. The company also promises guaranteed returns, which is quite a bold claim. Plus, investors are promised a 3% return on their investment every single day. For a 60-day contract, that would mean a 180% return.
Now that the Bitcoin halving has taken place, it will be interesting to see […]
