Topic: New mining-scams - do not invest (Read 187 times)
There are too many of cloud mining scams, and even if they aren't it's not as profitable as just buying bitcoins or whatever altcoins you want to mine. Since you can buy a lot more from your money than you can mine.
The oldest and longest of these threads is here.
Oh, sorry, I have not seen it before. New scams I'll post there.
And yes, its always very important to proof, where the profits should come from and if i'ts possible.
The oldest and longest of these threads is here.
It hasn't been updated regularly recently, but it is useful for newbies to have a look thru, especially as it suggests criteria which should be applied and met before any investment is contemplated.
Not all scams are straightforward to spot and are not all outright thefts by bad actors.
Some have some mining going on which satisfies superficial inspection, but they actually sell far more capacity than that which they have, so-called fractional mining.
These are usually accompanied by an MLM sales structure, where the priority is to get the investors money in (to satisfy the upline commission threshholds) irrespective of the ability of the token mining to provide promised returns, and then use various excuses to reduce payments to fit what money is left over.
Due diligence about any investment is something essential, people should not become dependent on lists compiled by others, they should develop their own critical abilities.
The first question that one should ask oneself is "Why?" when presented with a scheme, mining or other, which promises fantastic ROI.
"Why do they need my money if they can earn 200% (or whatever)? Why not keep it all for themselves?"
It hasn't been updated regularly recently, but it is useful for newbies to have a look thru, especially as it suggests criteria which should be applied and met before any investment is contemplated.
Not all scams are straightforward to spot and are not all outright thefts by bad actors.
Some have some mining going on which satisfies superficial inspection, but they actually sell far more capacity than that which they have, so-called fractional mining.
These are usually accompanied by an MLM sales structure, where the priority is to get the investors money in (to satisfy the upline commission threshholds) irrespective of the ability of the token mining to provide promised returns, and then use various excuses to reduce payments to fit what money is left over.
Due diligence about any investment is something essential, people should not become dependent on lists compiled by others, they should develop their own critical abilities.
The first question that one should ask oneself is "Why?" when presented with a scheme, mining or other, which promises fantastic ROI.
"Why do they need my money if they can earn 200% (or whatever)? Why not keep it all for themselves?"
Hey, my idea is a topic about warnings from actual mining-scams. Often they disappear very fast again, but this kind of business-model is still working for scammers.
So maybe we've a little chance to warn new users of deposits in such scams and beware them of loosing hard-earned BTC.
Also questions about possible mining-scams could being asked here.
I think there is similar topic in investor based games, someone put all scams in one topic. Anyway, it is very easy to recognize ponzi, they always offer unrealistic returns and in my opinion real cloud mining is not profitable unless you have lots of referrals but in that case it won't be profitable for your referrals, so scam or not it is big no. So maybe we've a little chance to warn new users of deposits in such scams and beware them of loosing hard-earned BTC.
Also questions about possible mining-scams could being asked here.
They say "With over 30 years combined experience in the Bitcoin mining scene ".
That's impossible.
That's impossible.
A very new scam is hashperium, active since 4 days.
They advertise with profits of 11% per day and promise new members, to give them 135 GH/s start hashpower.
No team, no pictures of their hardware, only promising high profits.
They advertise with profits of 11% per day and promise new members, to give them 135 GH/s start hashpower.
No team, no pictures of their hardware, only promising high profits.
Hey, my idea is a topic about warnings from actual mining-scams. Often they disappear very fast again, but this kind of business-model is still working for scammers.
So maybe we've a little chance to warn new users of deposits in such scams and beware them of loosing hard-earned BTC.
Also questions about possible mining-scams could being asked here.
So maybe we've a little chance to warn new users of deposits in such scams and beware them of loosing hard-earned BTC.
Also questions about possible mining-scams could being asked here.
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