Argo Mining - Sure, the "cryptomining" might be easy, but at what cost?

in cryptocurrency •  last year  (edited)

Argo Blockchain made headlines in August as the first crypto company to be listed on the London Stock Exchange. Billed as the "AWS for Crypto", the Company raised 32.5 million to achieve its goal of bringing crypto to the regular folk. How noble.

Anyways, I participated in a promo last month that offered 50% off a Horizen package that normally runs $50/month. I knew next to nothing about Horizen (still don't. whoops.), but what can I say, I am a sucker for deals. And surely Argo would be able to turn my $25 into 1 Million in no time, right? Because that's the whole point of crypto!

Just kidding.

What I wasn't expecting, however, was that a company whose only goal is to get regular people into crypto would take $25 and turn it into $7. Total scam.


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Personally, losing $25 is whatever, but that is not the case for everyone. I really hope the masses stay far, far away from Argo because not only will they lose their money, it will turn them away from crypto altogether.

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Damnn at least it was a relatively low loss compared to what could have been. Lesson learned.

Thank you for sharing your experience.

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