Cloud Mining Offering And How To Identify Scam[HELP]

Taskford

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Quote from: mr.smith on September 23, 2020, 07:14:43 AM

Quote from: 1miau on September 13, 2020, 02:16:13 PM

But even if a cloudminer is not a scam, it's another question if it's profitable. Hodling is much easier and safe. Wink

I agree they offer sweet words no cloud mining is profitable now, and to add 90% of cloud miner are scam I cannot even remember one legit cloud mining now, because they are out of business 2 years ago, why not stake your coin or lend your coin, just like they do in Decentralized Finance, they offer a good percentage of profit.

This is been discussed for so many times here and scammers are using the same model to scam people, people should learn to research first before going on unsure things since mostly the one happening is they will research after the scam has been done so this is a wrong doing and this is the reason why scammers still exist using this cloudmining modus.

mr.smith

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Quote from: 1miau on September 13, 2020, 02:16:13 PM

But even if a cloudminer is not a scam, it's another question if it's profitable. Hodling is much easier and safe. Wink

I agree they offer sweet words no cloud mining is profitable now, and to add 90% of cloud miner are scam I cannot even remember one legit cloud mining now, because they are out of business 2 years ago, why not stake your coin or lend your coin, just like they do in Decentralized Finance, they offer a good percentage of profit.

tranthidung

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Farewell o_e_l_e_o

You can read the very old thread on Cloudmining: Cloudmining 101 (ponzi risk assessment). 6 years later, you still can take it as a very basic educational thread on scam cloudmining.

MLM – a dangerous marketing strategy

It is too good to be true and there are 4 levels to invest ?

Their site shows a joking statistics on deposits and withdrawals.

libert19

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I think you should ditch your friend.

o_e_l_e_o

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I established this was a scam on the very first reply, and OP has not been back online in several days. Please stop just repeating the same things over and over and bumping this thread.

yazher

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You own the pen

Don't fall for those fancy cloud mining sites and their so-called fair offer for the investors. No matter what they do, they cannot show you their mining facilities. whatever they've posted on their websites, it's all hoax and fraud. I'm telling this to you because I was once fell victim to their sweet and sugar-coated words. You will see some good reviews from the people who invest in their sites in their early launch but after a few months or days, things will get worse because no more payment is being sent anymore. problem after problem and finally they will shut down their site for escaping purpose.

Smartvirus

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Cloud mining is basically investing with other mining company to mine Bitcoin and in turn, give you some return on investment based on calculated percentage in the company terms and condition. It seems really cool having an organization mine Bitcoin for you but unfortunately, the risk of losing your investment capital is always there and rather too high on your part.
Come to think of it, how sure are you of the platform you plan on investing with hopes of receiving scraps. Clearly, companies do fold and when they do, they fold alongside with your invested capitals. Avoid cloud mining, it's basically a scam especially those that promote a high return on investment.

CryptoYar

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Quote from: Arcadedeluxe on September 12, 2020, 05:56:23 AM

If anyone who had the ability,knowledge and methode old one or new one, to find this cloud mining offer scam or legit please disclose it

According to this website, if you invest $100, then after 24 hours you will get $105. Believe me, there is no such way in crypto from where you can get sure profits. And this website is promising to give you a profit without any concept, this proves their lies.

In short words, cloud mining is never profitable, you may get some profit initially but in the end, your investment will be lost.
This is my personal experience, it has happened to me, on a website named cryptorevolutionmining I bought 2 packages but after a few days, that website was closed.

If you do not want to lose your investment, then I request you to stay away from cloud mining, as it is a clear scam.

GeorgeJohn

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Quote from: pilosopotasyo on September 12, 2020, 12:41:18 PM

Cloud mining is a thing of the past for us long time members of this community but not for newbies who cannot moderate their greed and easily believe and fall on what these cloud mining sites are preaching to newbies, they don't know how to research properly and some of the victims are invited by their friends online who they barely know, I don't see this cloud mining sites ending soon, so many newbies are too greedy and lazy to research.

If you really want to understand the concept of cloud mining use internet via YouTube video it will educate you better, even as a newbie you are not exempted to to carry out a personal research.
Some beginners fell reluctant in order not to make a proper research but normally chose to asked questions while the shortcut of studying is internet.

pakhitheboss

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Quote

5% in 24 hours is obviously utter nonsense. 5% a day works out to 5,421,184,058% per year which is, again, obviously utter nonsense.

That is a joke no one can give you that type of return in just 24 hours through mining. Mining is not a game it requires large infrastructure investment and good amount of manpower to earn higher returns.

Cloud mining concept itself is a scam, never fall for it.

pixie85

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Quote from: robelneo on September 12, 2020, 10:01:52 AM

I've Checked the site and there are a lot of misleading details

We appreciate the work but you're wasting your time.

Cloud mining is a scam and all threads like that should end with this conclusion. If people were simply writing it as responses people who check out the thread would get a plain and simple message.

Their very claim of 5% a day is enough for me. Cheesy

1miau

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Currently not much available - see my websitelink

Someone made a very good guide how to evaluate if a cloud miner is a scam or not:

▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁

It's from 6 years ago but still quite accurate.

But even if a cloudminer is not a scam, it's another question if it's profitable. Hodling is much easier and safe. Wink

CucakRowo

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aka JAGEND.

To OP. Beside all warns mentioned in your thread. I accidentally saw the bitcoin logo on this picture.

This logo reminds me of a symposium event in 2019. If i'm not wrong is in here :

https://scalingbitcoin.org/

Careful when using cloud mining services. As everyone says ( and i tend to agreed), most cloud mining services ended as scam.

Twinkledoe

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Quote from: ?? on ??

Never heard of this company before and most of the people who commented said that this is a scam, cloud mining is an obvious scam, and be careful in regards to telegram groups because most of them are just there to scam people, I even saw some CC fraud groups in Telegram, the member was operating a CC fraud in an internet cafe then I saw him running some kind of shit where they scan CC and use it for fraud, be careful.

Had used several cloud mining services a long time ago, and not a good experience at all. Better slowly build your own mining rig, rather than put your money in cloud mining services. Even known and established cloud mining sites will not guarantee that your initial investments will get returned.

As o_e_l_e_o already pointed out the red flags, better stay away from this site. Not even thinking that their stolen group photo can easily be searched. Roll Eyes

jademaxsuy

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Do not trust anyone to hold your money. If cloud mining is really true then why they ask payment for you to start mining? Most likely as other users pointed out that all of cloud mining are scam. There are large pool of mining coins already that even 1-2 GPU mining devices are now having difficulties to mine coins and get rewards. Well I am technically inclined but due to strong mining capabilities of large mining pool it wil tend to take over small mining devices and get the rewards. I am not really sure of this but yeah mining coins is good for large pool mining business.

pilosopotasyo

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Cloud mining is a thing of the past for us long time members of this community but not for newbies who cannot moderate their greed and easily believe and fall on what these cloud mining sites are preaching to newbies, they don't know how to research properly and some of the victims are invited by their friends online who they barely know, I don't see this cloud mining sites ending soon, so many newbies are too greedy and lazy to research.

The Cryptovator

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To be honest, you don't need to visit the site when they offer a 5% return on investment within 24 hours. There is no such as money-making machine from where they would pay you. As far as I know, most of the so-called cloud mining sites are a scam, even probably all. I am not sure, but probably at the beginning, they circulate earlier investments and that's how your friend got a return from there is his/her claim is true. You can search on Google, any organization on the world won't give you a 5% return on investment within 24 hours. Don't hand over your money into the scammer's pocket. Do some real-life business instead.

Rikafip

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Quote from: Arcadedeluxe on September 12, 2020, 05:56:23 AM

Some of my friends in telegram show me to this sites,in my mind wow it's is a profitable treat,but u all already know rumor about cloud mining this day,lot's of them scam the investor, event my friend share the screenshoot about widrawal she made from this cloud mining,she claim widrawal $2260 in bitcoin,and she said this to me earn 5% profit in 24 Hour

Any "friend" that gives you proof of earning 5% on a daily bass via cloud mining is not your friend at all and in my opinion you should stop communicating with them. Telegram is nothing but a cespool, and whenever someone sends you PM, you can be 99.99% sure that it is some kind of scam.

Sometimes scammers play the long game so they pretend to be your friend, some of them are willing to talk to you for weeks to get your trust, and then they present you that kind of offer you shared here. I've experienced it personally few times, I let scammers think that I am buying their stories, but sooner or later they will switch the conversations towards investing, and then you can expect "once in a lifetime offer".

Charles-Tim

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Normally, aside this cloud mining mentioned here, cloud mining sites generally are completely fake/scam, it is not surprising any longer that scammers like cloud miners are having legit domain that could have been existing for long time. But the fact still remain, cloud mining sites are using certain type of ponzi of certain grade to decoy people to invest into their scam businesses. Out of 100% cloud mining sites, 95% or more are completely scam, all they want is to scam people. Some are not even ponzi but completely scam.

The rest which are 5% that are legit, not that they are still legit, they too are using ponzi means and possibly resulting to scam, bitcoin and other cryptocurrencies being mined are not having stable prices, but these cloud mining sites are having stable rewards, how is that possible. No cloud mining site is legit in short.

Also, about the one the OP is asking about, I do not think someone should even do any research about any kind of cloud mining, because they are promising the profits they can not fulfill, if they fulfill it today, they will not fulfill it tomorrow in a way investors will still lose. Just know that cloud mining sites should be avoided. Else, you are playing with scammers that will strip you off your bitcoin.

robelneo

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I've Checked the site and there are a lot of misleading details on it it claimed to have over 3900 members online in the dashboard or visitors if there are over 3900 people online on their dashboard and the site is online for over 400 days then why is it their traffic stats it's displaying a different stat, this is to deceive people that they have many investors and they have many members

Go check their alexa ranking and check what they are showing in their page, looks can be deceiving so do your own research there are no profitable cloud mining site now.

https://www.alexa.com/siteinfo/coinland.ltd#trafficstats

Topic: Cloud Mining Offering And How To Identify Scam[HELP] (Read 310 times)