When I started in bitcoin, cloud mining and hyip are the things that attract me the most when I was still looking for an easy way to make money. It was all scams and some will even try to make a reputation for a year to attract more but in the end they will also disappear like the others. You don't have any assurance on those cloud minings and it's a very risky transaction right from the start.
Yes, because new people still thinking about how they are going to make easy money in every field including in cryptocurrency so when they see a big offer by cloud mining and hyip, they will try no matter if, in the end, they will get a scam by that website. It's hard to believe that, but that is what happens on around us.
I think since 2017 until now, cloud mining was not a good solution to make money, but I see that in middle of the last year until this year, many cloud mining was online to fill what people want because they see that the market still on the bottom. They know how to use the chance to make money from the desperate of the people.
