Bitcoin Forum

I'm sorry to trash your thread, but this is just my opinion. Cloud mining has been shown in the overwhelming majority of cases to be a scam. Here's my warning from over 6 years ago to Noobs:
https://bitcointalk.org/index.php?topic=739510.0

Straight up reporting to have this post removed

This reminds me of all the people that got burned with ZenMiner/Gaw folding or CEX hash never paying for itself.

i don't think this is profitable and out of curiosity, why doge? i'm actually not fan of cloud mining since i've seen a lot of cloud mining services that turns out to be scam.

Yeah, it's the bitter truth. In 2020 nobody should even waste their time and money on cloud mining. If you have sent money to the scammers then there is a high chance that they won't give you any expected profits due to so many factors like crypto price changes.

When I look at this, it has some characteristics of a Ponzi scheme

https://i.imgur.com/j7bArOG.png

https://cryptofamz.com/affiliate

In fact, i fully seconded your opinion and i don't see any reason why you should feel sorry, immediately i saw this thread i was asking myself who still engage in cloud mining in this day and age! and to top it all, to mine dogecoin :o
everyone knows 99% of cloud mining sites are pure scam, i was also a victim so it is not just an hearsay to me, i think @op should utilize his/her time on something useful other than wasting time on scam sites.

This seems very realistic. 158%, 178% up to 273% total profit in 88 days.
OP using this proven method to scam people but is a little more modest using cheap Dogecoin with small amounts, trying to stay off the radar. If someone gets scammed for 1-2k Doge, it is very likely that it will not raise dust for such a small amount.

any Cloudmining service is obviously a scam. everyone should be careful with such offers

im glad that there is a free version because others are just offering a paid version right at the start but i almost forgot or i remember now rather that theres also a scam that offers free plan but that is if you cant withdrew until you start depositing some amount stated by them . paid version can also be a sign of legitimacy

on free plan you offer 2doge , thats small and i think doge faucet can offer more than that but the only advantage of this is its automatic and no need for human supervision . i didnt calculate the other paid plans so i didnt knew if they are too much or too low but one thing is for sure is that it still take time to recover your capital  . goodluck to this by the way

Paid or not, the majority of the cloud mining companies that are existing today are scams. IMHO, you shouldn't be glad that there's a free version but rather be disappointed because there are cloud mining companies that are kept on coming and trying to get victims with their trick in a smaller way. The denomination and value with dogecoin are very small and that's why others wouldn't take look at it seriously even if they will be scammed. But the scam is still a scam.

This is a pure scam using newbie accounts to promote the fake service. According to Whoise, the domain was just purchased 12 days ago: https://whois.domaintools.com/cryptofamz.com

No need to report it. Mods won't remove such a topics. You just need to use your brain before to use any service. Scams are not moderated by btt forum.

Up to the user if he will believe that cloud mining can really give you income, let alone from no name site.
Cloud mining has long been considered a "scam" because you are just basically sending money to this site without getting the agreed ROI.
Better do your own trading and use that money to other profitable coins, rather than send it to them.
A lot has already given their warnings, so if you are a newbie to cloud mining, better consider it as a good piece of advice.

Six years old thread and not only relevant but it's a fact, no cloud mining is profitable now it has been posted and so many articles have written articles on it and they are highly reputable sites, but still developers keeps on creating cloud mining, even if they change how they presented it it's still a Ponzi scheme and will be treated as one.

https://i.imgur.com/3ZUit8j.png

Everytime i do see these kind of plans then theres no other thing that comes out into my mind.  :D

Cloud mining is long time dead for those legitimate whose still existing as of today but this one
isnt included into that where you can see that this one is much pretty obvious ponzi/hyip scheme.

After this announcement, I just create an account there to test and to check what is behind.
Two days this website has been offline. Obviously, some changes have been made and after four days I "earn" 0.23089539 DOGE, which is much less than 2Doge daily what they promise on the free plan.
So even if minimum withdraws is so low, 10 Doge only but requires the whole of eternity to earn 10+12(withdrawal fee).

As I say in my previous post in this thread also applies to the service from this offer here.

for people who have the opportunity to read this post of mine:

This site that OP is posting here on that thread is not Cloud Mining Is a Hyip site. Cloud Mining sites show mining equipment and do not offer the return plans that OP is offering on this thread. Op did not show any mining equipment and we all know that mining does not give a guaranteed profit and mining does not give a 176% profit in just 3 months. if that happened many people would be rich to do mining and i'm talking about people and not companies

Thank you for that clarification still both are classified as likely to be scams. That's the reason why we all leaned to the explanation and topic of this thread thus, the website also portrays and classify themselves as a cloud mining. But it's true that they're a HYIP but with all of those scams that are rotating within us, a cloud mining or hyip we both tag them as scams. Scammers are easily using the word mining for those newbies that don't understand what is hyip and cloud mining.

The cloud mining site will work if the affiliate/referral program is wokrs and it's the only source of income to cover the customer's profit. Mining is just an appendage to them to make it attractive and if it matches real mining, 50% profit is hard to come by these days.

We always have to separate cloud Mining legitimates (even if they have red flags) and Sites Hyip/Ponzi (which is the case of the site that the OP posted on that thread).

The legitimate Cloud Mining sites have red flags like:

- They are not profitable, but the owners of legitimate cloud mining keep saying that customers can make profits in 6 or 9 months, at least that's what they said in the past because I haven't been following news on cloud mining for a long time.

But that doesn't mean that we have to call all Legitimate Cloud Mining sites as scam, even if they are actually scam! why do i say that? because it's up to people to make profitability calculations, legitimate cloud mining shows mining equipment and shows who owns cloud mining, the part of making cloud mining profitability calculations Is each person's responsibility, if the person loves their money then the person will do research

It's almost impossible to get a contract with the legit cloud mining. Most of the time they are filled and the return isn't that much, that's why it's not that profitable at all. It's even better to buy and hold bitcoin or any coin of yours than putting it into a contract. And the desire of looking for such is leading a lot of newbies to fall for those fake and scam cloud mining because they tend to think that they're all the same. But the fact is that most of them are not really going to give a favorable percentage or profit to anyone who will take their contracts. I've never been into it as I say that many of them are scam and even the legit one, I avoid them.