The First Cloud Minning Litecoin

[swivel1983]

It works similar to Cex.io, once you buy KHS automatically, you'll generate litecoins
The structure of the website is also similar to Cex.io
https://markets.cx/affiliates/promote/?u=53258d0005af4849498bde07

 

Explain this to me like I'm 5 please.

 

[jacob_p3]

The idea is you pay them to host a litecoin mining rig for you, paying by kh/s, and ideally profit. They get guaranteed pay and if you are lucky, you get block rewards or pool splits

 

Damn, that's pretty cool. Although if there is a profit to be made why wouldn't they just mine it for themselves?

 

[jacob_p3]

Risk basically, and getting the money up front lets them immediately reinvest