Oddbean new post about | logout
 That's how mining generally works 🤣 but you mine for 12-18 months to get your ROI, then everything else is profitable if Bitcoin continues to NgU. 
 yeah but not on the cloud. As you have said, it's mostly MLM. pay the users (for x time) with the money new users deposit, while expanding your own hardware (or while investing the users money elsewhere).

Printing your own money is probably one of the coolest things you can do. Thinking that you're printing your own money, not so much.