Have you ever purchased a harsh rate on the mining pools?

[Stardom22]

Nowadays there are so many mining pools that really earns one peanuts on mining of the cryocurrency unless you purchase harsh rates which are readily available on different payment plans. Have you ever been engaged on that venture and what was the experience like for sure?

 

[Suba]

As far as I know, if you purchased a harsh rate to mine crypto, it means you joined cloud mining, not a mining pool, although if we join a mining pool, we will also be charged a fee but not buying a harsh rate. Some examples of famous mining pools are Antpool, Brains Pool, Clover Pool. F2Pool, ViaBTC etc.

 

[Nomad]

The only time I did, I was scammed. I was scammed $100 worth of Bitcoin when the price was $900. I never bought hashrate again

 

[Laurentta]

No i haven't purchased a harsh rate on the mining pool.

 

[kit_hung]

As far as I know, if you purchased a harsh rate to mine crypto, it means you joined cloud mining, not a mining pool, although if we join a mining pool, we will also be charged a fee but not buying a harsh rate. Some examples of famous mining pools are Antpool, Brains Pool, Clover Pool. F2Pool, ViaBTC etc.

When you buy the ability to mine cryptocurrency online, you are often signing up for a cloud mining service where you rent computing power from a company. This is different from a mining pool, which brings together multiple miners using their own hardware and collaborate to earn a mining reward. While both charge a fee, cloud mining* involves purchasing hash rate directly, while mining pools only charge a management fee. Some popular mining pools include Antpool, F2Pool, ViaBTC, and Braiins Pool. Each method has its own advantages and disadvantages depending on the user’s budget and goals.

 

[Suba]

When you buy the ability to mine cryptocurrency online, you are often signing up for a cloud mining service where you rent computing power from a company. This is different from a mining pool, which brings together multiple miners using their own hardware and collaborate to earn a mining reward. While both charge a fee, cloud mining* involves purchasing hash rate directly, while mining pools only charge a management fee. Some popular mining pools include Antpool, F2Pool, ViaBTC, and Braiins Pool. Each method has its own advantages and disadvantages depending on the user’s budget and goals.

The problem thread creator uses the term mining pool, which will confuse readers, who should use the term cloud mining. and only need to rent a harsh rate and do not require hardware mining equipment.

 

[kit_hung]

The only time I did, I was scammed. I was scammed $100 worth of Bitcoin when the price was $900. I never bought hashrate again

Sorry for that loss. Tragic that the mining sphere is populated by many fraudsters. Need for caution.