News for hackers. Stuff that matters.

A comment on Show HN: Coinwell - the easiest way to mine litecoins.

Re:Show HN: Coinwell - the easiest way to mine litecoins by onion2k on Tuesday January 14, 2014 @06:54AM (#7056511)
Logically, this must generate less income than it costs to run, otherwise the people running it would make more money mining Litecoins themselves rather than selling the service to mine them.
[ Parent | on HN ]
Re:Show HN: Coinwell - the easiest way to mine litecoins by theanirudh on Tuesday January 14, 2014 @07:06AM (#7056552)
We are also mining ourselves and now we want to grow more. In order to mine more and reduce our costs, we need users. It becomes cheaper to buy more hardware etc., hence we are providing this as a service.
[ Parent | on HN ]
Re:Show HN: Coinwell - the easiest way to mine litecoins by ameswarb on Tuesday January 14, 2014 @07:08AM (#7056563)
In a gold rush, it's always best to be the one selling the shovels.
[ Parent | on HN ]