Cloud mining is not new or novel, but more importantly is not...

Cloud mining is not new or novel, but more importantly is not profitable for Bitcoin or Ethereum mining (the only two choices available).

If it is so profitable why is cryptofreeway not just mining the coins themselves with their own ASICS?
Why get mugs to pay $X ....Oh I see yeah good plan!!

Didn't IOT do a deal with a company affiliated (cough) with the biggest crypto mining company in the world, the one that's ICO still hasn't got off the ground?

Why not just use their ASICS and mine ya own shi&coins?  
Give IOT something to do?

From website:
"Everyday customers to become Crypto Miners of Bitcoin and Ethereum and from their own computer or mobile device."

Well ok ...you cant and should never mine bitcoin or ethereum from a smart phone.
Unless you wish for it to explode.
you can use an android but I wouldn't recommend it at all, and you will make no money.


It is said that over 10 million smartphones mining for over 24 hours continuously will generate enough hash to mine just one full Bitcoin.

http://www.cryptotechstories.com/mining-crypto-smartphone/71/


So anyway back to the power plant..... just another BS business model not coming to fruition?

Whats next?
Christmas in Hawaii again?
CES Vegas?