Hey All! Crypto Pappy here!

As with all, and I mean all, technologies, crooks are everywhere!

The Crypto world is no different.

Old school scams, I'm talking Ponzi scheme types; MLM is easier to spot.

So, briefly and again, this is always how I see it ( in my humble opinion ) ...

Mining Coins. 

You've seen the adverts. Buy this much processing power, make this much "Coin".

These always have levels, too.

There is the Free level, of course, to get you thinking it works.

Then there are typically 3-5 different levels. Each level costs more than the previous.

Through simple research on Youtube, my voracious reading apptitie, my uncanny ability to remember news stories from decades ago, and just becuase I like asking "WHY?" ... I think these mining places aren't either 1) REAL or 2) Worth it.

And to answer my "WHY?" you first need to know it...oops ;)

Why would they sell the processing power at a cost low enough for you to make a profit and not just mine it all themselves?

It can't be cost because, well, they're mining coins. Cash some out to cover the electric and hardware.

So, a little flag popped up in my head. I looked around the internet and, of course, Ponzi Schemes all over the world!

Soon enough I'll start bookmarking more things so I can add some citations.

Remember folk: Be kind to all, and be sure to follow me on this Crypto-Journey.

Cheers!

Crypto Pappy