Quote
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
Topic: Another proof that cloud mining is a scam (Read 1248 times)
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
Quote
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
when i started with btc it was pretty known that cloud mining was a scam you end up with pretty much nothing thanks to fees and other bullshit, it looks good on paper but once u start using it you never make anything pretty much and just to get back your investment take years lol.
Never engaged in mining at all,and cloud mining even more so.And what is important on the forum no one wrote that earned well with this type of mining.Therefore, as soon as you see the words “cloud mining” in advertising, know that fraudsters are hiding behind this advertisement.
actually, cloud mining is very thick and close to scammers. Since I know Crypto, it always ends scam. however, the safest thing in mining is to build your own rig, even though it requires substantial costs. 
When you personally assemble a farm for mining and monitor the work of all your computers, you really see your results. Based on this, you have a desire to improve and increase the power of your system, invested money in it. But if we are talking about cloud mining, then for all of her this wall can really hide scammers who earn with the help of those who have connected to their online capabilities. And I did not even try this type of activity, because I didn’t like it from the very beginning, because I couldn’t control the whole situation.
Never engaged in mining at all,and cloud mining even more so.And what is important on the forum no one wrote that earned well with this type of mining.Therefore, as soon as you see the words “cloud mining” in advertising, know that fraudsters are hiding behind this advertisement.
Quote
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
I almost entered this mining field when a friend of mine told me about this issue and lucky that instead of cloud mining i bought cryptocurrency and tokens for long term holding
Now atleast i can still see my capital(even though they dropped from upto 50% but still chances are i can profit huge in future
I actually had the same experienced with you. I have friends who suddenly woke up one day and invite me to join on those cloud minings in 2017, lol. The thing is that I'm not aware that they're also into crypto so I was caught by surprised and I told them that majority of them are scams.
So they didn't believed in me and later I found out that they have been scammed and come back to me saying that they should have listened to me.
But at least they become a good example to others so they won’t be a victim in same scenario.i hate scammers as I hate being victim also
Quote
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
Cloud mining was over since 2017, but there is still a lot of cloud minings, they are targetting newbies who do not know that the cloud mining is just a Ponzi scheme and there are really no mining rigs to show investors, I'm also surprised that so many ICO are cloud mining based.
It was over even before that. The real big year for cloud mining was 2015 and it was just next year 2016 when most of them collapsed because it wasn't profitable to mine and contracts were bought months before when Bitcoin was worth more so people were expecting profits that were impossible to achieve in bear market.
Some cloud minings were ponzi schemes and some just couldn't deliver.
Immediately avoid cloud mining because this is a type of investment that is not recommended. too many negative things happen because basically the cloud mining companies do not have hardware mining and in fact the majority only do math calculations. so this initial indication has proven that cloud mining is not reliable to be an investment. choose investments that are far more convincing like trading. I left cloud mining 3 years ago, I realized that cloud mining is a useless thing.
99.99 percent of all cloud mining is a scam despite all the hardware and the proof they can convince investors to believe. It is unfortunate always newbies into cryptocuurency fall to this fraud. Though they can pay at early stage like all ponzi scheme but sooner or later they will get excuse to stop paying.
I did a couple of contracts with genesis mining in the past, September 2017 it seems to me, the contract was 2 years and in fact they are still paying me (I think there are a few months to finish the contract). the problem is that after a few months the profits have dropped a lot and you only have a few crumbs left. absolutely not recommended
most of the comments about cloud mining is really not for recommending such investment, its better to trade or invest with projects that you'llbe able to get some good returned instead of giving your money with mining company who can't promised to take care of your money, you can deal
with trading and invest with full control of your money.
I did a couple of contracts with genesis mining in the past, September 2017 it seems to me, the contract was 2 years and in fact they are still paying me (I think there are a few months to finish the contract). the problem is that after a few months the profits have dropped a lot and you only have a few crumbs left. absolutely not recommended
Some cloud mining is not a scam, but over time with cloud mining we can't get a ROI, i invest over time on cloud mining and after i paid over 0.1 bitcoin and got on return only 0.07 bitcoin.
Just because it is a stupid thing to buy doesn't mean it is a scam. The mining companies usually do what they promised but it is a dumb investment. It is like a car dealership selling you rust protection or something else that isn't really needed but you are still getting that service so it isn't really a scam.
It's true that there are some cloud mining websites that are fair and try to do the best in order to pay their customers but the reality is these days most of this websites are just a hidded HYIP under another name. They lie people about their company and their services, pay them for a small period of time to build some reputation and raise more money and them disappear and stop payments. 
Just because it is a stupid thing to buy doesn't mean it is a scam. The mining companies usually do what they promised but it is a dumb investment. It is like a car dealership selling you rust protection or something else that isn't really needed but you are still getting that service so it isn't really a scam.
I've been in the cloud mining business since 2017 and I've learned a lot about it ,I invested for sure but later on gradually I detect its an absolute waste of time ,many of the popular cloud mining platforms are dead or exist scam already ,stay away or cry later
If people just use the logic and do the math they will see that`s not worth to invest on cloud mining
You will only gain money if the coin rises in value, so you can buy the coin directly
You will only gain money if the coin rises in value, so you can buy the coin directly
But the problem is people are tempted of the word "making money with cloud mining" so they still invest in the cloud mining especially in the new cloud mining which they don't know if that services could stay online for a long or not. The cloud mining right now was not profitable because you should buy hash power to mining, the price of the power is not cheap, you should wait for some time to reach ROI which you don't know if you can reach it or not.
Quote
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
Cloud mining was over since 2017, but there is still a lot of cloud minings, they are targetting newbies who do not know that the cloud mining is just a Ponzi scheme and there are really no mining rigs to show investors, I'm also surprised that so many ICO are cloud mining based.
You are right that new user who are greedy and came to bitcoin to become rich soon falls for this cloud mining scam as they wanted to earn without doing any hardwork and cloud mining is the best way they think but in the end they come to know that they got scammed.
Quote
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
Cloud mining was over since 2017, but there is still a lot of cloud minings, they are targetting newbies who do not know that the cloud mining is just a Ponzi scheme and there are really no mining rigs to show investors, I'm also surprised that so many ICO are cloud mining based.
Cloud mining sites are really great and easy scams if you want to scam people who are new in this type of thing. People want fast and big returns and cloud mining scams offer such great profits.Too bad people rarely realise if something is too good to be true, it is not true at all. There are a lot of cloud mining scams and most of them were very profitable for scammmers. A shitty website and a couple of people promoting that site for their own gain. And thats it. Scams such as crypterra which was not even a good scam that had a site that only had stock images got away with millions of dollars.
Quote
I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..
Jump to: