Bitcoin Forum

Anyone else have an unpleasant experience investing with Alex Livingston?

Just as always, all cloud mining services are simply just either:

1. A scam
2. A total waste of money

Looks like a scam to me, but regardless if it's a scam or not, it's really not wise to put money in it.

I cant believe there are still many people fall in this such cloud mining site which is just another ponzi scheme site. Wondering is it that hard to learn from past experiences on scam cloud mining sites.

Newbies are joining cryptocurrency every day so its not surprising to me that there are some newbies that chose to put their money into something they don't need to work hard into it like cloud mining. Big mistake.

Newbies must learn where to invest their money first before throwing it. Cloud mining is either an obvious scam or not profitable so you just throw your money.

If its cloudmining then its a scam OP. Don't trust any cloudmining site that you stumble upon on the internet. Everything that is written there over there are lies so that you will invest in it but there will be no ROI.

Try on genesis mining. Expect that I do not know any site giving legit payment or assuring the mining process. All the cloud mining projects became scam project nowadays. So please do not get trapped in any Ponzi schemes.

Next time if you want to clarify the scam attempt you may check that scam accusation section buddy.

Please, Guys! don't be so rude he is just asking politely, I really think that we should inform our newbies about certain things regarding cloud minings and a specific idea that it can turn out to be a scam when they accumulate the amount they needed when someone invests in their site, Well Newbies are just joining in without further research on the matter and I can't blame them for not having enough information in legit ways you can earn Cryptocurrency, But In my opinion we should be considerate towards them and be more understanding as a pioneer on this Forum.

any cloud mining you see is either scam , a potential scam or a totally unprofitable enterprise for anyone except the owners
there is a very useful topic here on bitcointalk , it lost its popularity due to the wave of "cloud minings" subsiding
but it is a good read to be able to determine if a site is legit or not :
https://bitcointalk.org/index.php?topic=878387.0
read it , use it

Cloud mining simply doesn't work, just stay away from it. There is nothing nice to say about cloud mining. Buy your own Asic and mine yourself, or buy the coins directly and wait some years.

Its has always been a scam ever since is just that newbies are not aware of the fact that cloud mining only promise you what you may never achieve on the various site and a total waist of time and money. Just keep away from it.

A word of advice to you.
Avoid cloud mining at all costs. You better off using that money doing some trading after learning some trading or just some good coins like BTC And Hodl till you achieve your target.

It seems that cloud mining projects have become like ICOs
Either fraud or useless
Passive income is one of the most important reasons for these projects

Advice
If you want mining you have to learn it and have your own machine.

It certainly is suspicious, I'd advise looking into who owns the domain, tends to be a good way to gauge legitimacy.
If the guy is anonymous then you best avoid it, otherwise I'd suggest looking into their background and online activities, can't be too careful these days.

If that is related to cloud mining, then it's no need to check who owns the domain because as we know, that cloud mining is not profitable and will scam us in a short time. It is better to stay away from every cloud mining because cloud mining will scam in someday, and you are hard to reach ROI. That is enough for you to leave the cloud mining and never make a deal with them.

Why we should mind?

Even known cloud mining sites as of this moment is never been profitable.If you do look at their contracts which do have short duration with rising difficulty then your investment would most likely wont be profitable in the end of the contract so we can really say that this is just a useless thing.
Better mine on your own if you do have the miner and cheap electricity.It would be more ideal.

People still has not matured, they still love to invest in scams.
I presume that's a cloud mining, and most of the information I read though I was not victimize of that kind of investment before, they have a bad reputation.

I have never experienced it, and most importantly we must always be careful in investing.

It's definitely a scam, just like every other cloud mining website is. They have no information about who is the owner of this project, where their company is based and they are also selling on contracts on 5 years,to have an excuse to charge you more.

We can say that this is scam because your money will be waste. Or worst you will never get any return of investment. I think most victim of that scam newbies who are very enthusiastic to earn and to get rich in a short period of time so they will try anything. But take even a short look on this site,it's information is very limited even the owner of project is not indicated. So be carefull.

In any form which it might be presented , I won’t dare to invest into mining website because they have always had the same ending. They will stop paying because it will no longer be sustainable. Moreso many of them just frame the mining of a thing and in real life it isn’t true. Don’t ever believe them.

Do not invest with Alex Livingston in coinxcryptomining.com. He is stealing pics from this guy @amannatt and creating a fake profile. They charge you for software upgrade, late fees and you pay 20% commisison on top of all that to have a chance at profit which probably doesn't exist. Alex doesn't tell you this in the beginning. They are constantly making rules and coming up with excuses. Stay away from coinxcryptomining.com and Alex Livingston and spread the word.