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I am Satoshi
replied 2052d
he is subsidizing them out of his own funds I would guess. He can borrow the hash form himself but has to pay the miners the return they would have got mining BTC.
replied 2051d
... an important distinction because a lot of those cloud miners may not just be in it for pure $$. Many may strongly care politically about where that hash is directed --> violated
replied 2051d
2/2 But if it wasn't locked in the contract that he can re-direct the hash power at any time / or short notice of 24 hours... that's wrong and a violation of property rights / contract
replied 2051d
Oh right. Well if they are being fully compensated AND IF it was all fully locked in legally with terms and conditions in the contract, I guess that would be different.