Topic: CGMD miners redefine passive income opportunities with innovative cloud mining (Read 168 times)

That's unfortunate to begin your new year. People should be vigilant already about this kind of service and apply enough knowledge before "investing" or sending any money to any service that promises profit in just several of days with high gain. Because simply put cloud minings are 90% scam. If you find a legit one (since there is) it doesn't mean you can make profit too fast, they have calculator on what month you can ROI not just in 3-7 days.

Sorry for your loss but what prompted you to use them? There are actually 3 negative trust, the site was created recently, and there is nothing to make you believe them. Such scammers are lazy. If it doesn't harm your privacy, post the transaction ID and we may help you trace it. If your coins reach a central service and local laws are cooperative, you may be able to freeze or recover your money (you don't have a good chance, but it's okay to try).

100% SCAM. Wrote as a victim. 

The lowest amount possible for withdrawal is $100, and you make a profit of about 3% per day or 90% per month, which is more than the average of what you get even from the most risky loans. Therefore, is it not easy for you to obtain loans with 20% interest and pay them off within a month instead of trying to exploit clients’ money. This is if we ignore that the company, according to your claim, is registered in the United Kingdom, while the site data refers to the United States.

Hahah this is definitely a joke @stompix should comment on this thread 

But hey take a look a this

Yes, what you say is completely correct. I have tried cloud mining previously. They do not give a fixed percentage or a fixed income, but rather they give you profits (fake, of course) according to the hash power you buy.

Previously, in my beginning, I purchased hash power for Bitcoin mining from the cloud mining site "genesis-mining", and they gave me decreasing profits every day until they became 0 because of their claim that the difficulty of mining increases and the profits decrease. In the end, I was not able to recover the capital.

There is a close association between anonymous mining sites (cloud mining) = SCAM, even their definition of cloud mining shows that they do not have a good technical background.


In addition to fixed income by about 30% within 20 days, the greed of users increases, and a period of 20 days is sufficient for fraud. Therefore, this project is not cloud mining, but Ponzi/HYIP.

I hope all beginners deal with cloud mining as a scam and all quick earning sites with more skepticism.

I added a negative trust.

Common Ponzi and Pyramiding schemes plan they like to use mining and forex for their schemes because of the reward and profit system in these two industries, Cloud mining scripts can be bought on Codecanyon it used to be hot stuff several years ago there were scripts that featured videos and pictures of mining rigs but this one uses a very cheap script its more like an HYIP script configured or change the wording to make it appear a cloud mining site.

Cloud mining is a thing of the past everyone here in Bitcointalk knows this, There are so many reports about mining cloud scamming their members because they really don't have the mining rigs and they just base their investors' earnings from money that comes in from new investors, its another form of Ponzi Scheme so expect OP to have a bad feedback in his account and he really has one now.

Just look on their homepage there are no videos or pictures of mining rigs, all they have are just words configured to attract gullible investors, I'm sure all those testimonials are fake.

Just if you look at the company itself and the certificate of registration of Company number 07568979, it may simply be taken because of the similarity of the line of activity that is being declared.

You can see that According to the latest financial report of MINING COMPANY SERVICE LTD, (again, this does not mean at all what is it about cgmdminer.com ) presented on 2021.03.31, the company has cash in the amount of £2,790.00, total assets in the amount of £100,275.00 working capital is £1,638.00 Compared to the previous year, the company reported a decrease in cash by -1349.35%, total assets decreased by -26.37%. So the profit calculator is on the site cgmdminer.com it is made simply to mislead and in no way reflects the financial capabilities of the company itself.

https://uk.globaldatabase.com/company/mining-company-service-ltd

Its 100% scam, no question about it. No legit business could offer that kind of ROI. Since scams are not moderated here, I doubt that mods will delete this topic (unless maybe on the grounds being in a wrong board).

The site is more similar to the crypto hyip projects that were popular at the time, offering a high percentage by attracting new investors, apparently for this purpose the creators used the name of a popular miner.
To be honest, I have already thoroughly forgotten the topic of such pyramids, but after looking at the site I remembered those times. The Twitter account of the project is designated as joined in 2015, and the first tweet was made on July 22, 2023. I would recommend treating this cloud mining very carefully, as well as other companies of this kind, otherwise you will simply lose your time and money.

As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many people who used to mine cryptocurrencies using their own hardware are now finding it unsustainable due to high electricity bills and hardware wear and tear. Therefore, cloud mining has become an attractive option.
What is cloud mining?
Cloud mining is a mechanism that uses rented cloud computing power to mine cryptocurrencies such as Bitcoin, without installing and directly running hardware and related software. Cloud mining companies allow people to open accounts at a basic cost and participate in the cryptocurrency mining process remotely, making mining accessible to more people around the world. Since this form of mining is done through the cloud, issues like equipment maintenance or direct energy costs are reduced. All in all, if you want a truly hands-free investing experience, then cloud mining is for you.
How to start cloud mining?
Keen to try cloud mining? Here are the basic steps you need to follow before getting started.
Step 1: Choose a Cloud Mining Provider
CGMD miner is a popular and powerful cryptocurrency mining platform and an excellent resource for earning passive cryptocurrency income. The platform is one of the world's leading mining companies and your trusted partner. To take it to the next level, CGMD miner introduces a free bitcoin mining program that lets you earn bitcoins passively. They promise to open Bitcoin mining to everyone, regardless of technical knowledge or financial resources, with no strings attached. Once you have mined 12 USDT worth of bitcoins, you can transfer them to your account and trade them. Any profit you make is yours and you can withdraw it to your personal wallet.
Advantages of the platform:
Sign up and get your $10 bonus instantly.
High profitability levels and daily payouts.
There are no other service or administrative fees.
Users can generate more than 6 other currencies using the platform.
The company's affiliate program allows you to refer friends and earn up to $3,000 in referral bonuses.
McAfee® security protection. Cloudflare® Security Protection.Backed by a 100% uptime guarantee and outstanding 24/7technicalsupport.
Step 2: Sign up for an account

In this example, we choose CGMD miner as our cloud mining provider. theGo to the provider of your choice and sign up to create a new account. The CGMD miner offers an easy registration process, all that is required to participate is entering an email address and creating an account. After signing up, users can immediately start mining bitcoins.
Step 3: Purchase a mining contract
Currently, CGMD miner also offers various mining contract options, such as $100, $500, and $1000 packages. Each has a unique ROI and a specific contract period.
You will unlock even more passive income when participating in the following contracts:
Earn income the next day after purchasing a contract. When the income reaches $100, you can choose to withdraw to your encrypted wallet or continue to purchase other contracts
affiliate program
Now, CGMD miner has also launched an affiliate program, a platform that allows you to earn money by recommending the website to others. Even if you don't invest, you can start making money. After inviting a certain number of positive referrals, you will receive a one-time fixed bonus of up to $3,000. With unlimited referrals, your earning potential is unlimited too!
in conclusion
If you are looking for ways to increase your passive income, then cloud mining is a great way to do it. When used correctly, these opportunities can help you grow your crypto wealth on “autopilot” mode with minimal time investment. At the very least, they should take less time than any type of active transaction. Passive income is the goal of every investor and trader, and with CGMD miner you can maximize your passive income potential easier than ever.
If you want to know more about CGMD miner, please visit its official website
www.cgmdminer.com