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Topic: Is Cloud Mining Really a Ponzi Scheme? - page 2. (Read 1526 times)

legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
June 09, 2015, 07:36:39 AM
#6
No, not all cloudmining services are scams/ponzis.

https://bit-x.com and hashnest are those that come to mind that are legitimate.

yeah, you are one of examples, that it can work, anyway generally "cloud mining" is for me:

1* non profitable
2* ponzi scam

Sad

Agreed. The only difference is the time it will be needed for you to loose you investment (in 99.9% cases). With ponzi you loose fast, and with legitimate cloud mining your death is slow and painful to watch.
Just think about it; you are no longer mining yourself, but are involving third party to do the mining, it's obvious to see that you are the last one in the food chain in that case, which comes with little or no reward at all.
My advice is; if you can't mine yourself, don't mine at all.

cheers
legendary
Activity: 1036
Merit: 1001
/dev/null
June 09, 2015, 07:18:34 AM
#5
No, not all cloudmining services are scams/ponzis.

https://bit-x.com and hashnest are those that come to mind that are legitimate.

yeah, you are one of examples, that it can work, anyway generally "cloud mining" is for me:

1* non profitable
2* ponzi scam

Sad
legendary
Activity: 1223
Merit: 1002
June 09, 2015, 07:09:55 AM
#4
No, not all cloudmining services are scams/ponzis.

https://bit-x.com and hashnest are those that come to mind that are legitimate.

+1

Bit-x is still new, but very trustworth website.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
June 09, 2015, 06:17:00 AM
#3
No, not all cloudmining services are scams/ponzis.

https://bit-x.com and hashnest are those that come to mind that are legitimate.
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
June 09, 2015, 06:13:32 AM
#2
Unless they've proven they actually have hardware the chances of them being a scam is pretty high.  As with everything else invest wisely and only what you can afford to lose.
GTA
member
Activity: 90
Merit: 10
June 09, 2015, 04:57:45 AM
#1


There is just no general consensus on the profitability of cloud mining.

Some cloud mining companies are just not trustworthy.

Experts say there's a simple way to tell if a cloud mining company will turn out a scam.
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