Bitcoin Forum

Hi everyone

I'm pretty sure any opportunity you had to even remotely bring in someone to invest in your little hussle got thrown out the window the moment you got those negative trust ratings for possible collateral scam-schemes. If you want to do honest business in this forum, I suggest rectifying any issues with your account first.

So cloud mining is still a thing, ha. I wonder users from this forum will still be interested on such stuff. Especially for genesis mining which is obviously a waste of time. Never had an ROI there even for how many months of waiting. Probably only those who can refer other users is the only thing you can make an ROI.

Cloud mining is well known for being an unprofitable business format, which unfortunatelly was very popular until some years ago, when people really thought they could have a lifetime income from sites such as Genesis Mining and similars, including the ponzi schemes promoted as cloud minings, although they didn't involve any kind of mining operations.

OP, if you invested in this business, you have already lost money, because you will never be able to hit ROI, since income is progressively decreasing within time. So, why to pass this loss ahead to someone else? Maybe to dilute your own losses this way? That is not good...

It is 2023. It is difficult to convince someone that cloud mining is something that generates money and you do not have enough trust to prove it. Therefore, without pictures and evidence proving your possession of mining tools, you are lying.

Most of them do not target the registered accounts, but rather "guests" who read the posts either through Google search or any other way.

Exactly and you nailed it. Cloud mining was already busted and known as most of them are scams, they don't have actually a mining machine that truly operates mining and some of them steal images claiming that they have mining facilities. So how can we trust them without showing further evidence that they have those mining machines? That is right --we are in 2023 and cloud mining is not a thing that will fool people, we all know already the possible outcome if we invested in this.
I remember before when I was new in crypto, I invested in cloud mining because there is an ROI like every day you will get bitcoin as a small percentage of your investment, but a week later I cannot access the site anymore.

And besides the points made by others on cloud mining, why would you part with something that is printing money and costing no effort to run yourself.

Not to say cloud mining is worth anyone's time but genesis mining has specifically warned people against purchasing off site due to scams going on (https://lp.genesis-mining.com/important-notice-fraud-protection). I'm not sure if it's still the same but if we're talking about account selling, og owner apparently could still take the account back (https://www.reddit.com/r/GenesisMining/comments/6spxmx/faq_commonly_asked_questions/), not to mention, op's trust history.

This cloud mining is not really trusted by many people, we still doubt this, I feel this cloud mining and what we know is not profitable at all, not only that some of the cloud mining has been claimed as fraud, it's best to stay away from investing here, if you invest, maybe we think you are ready with the risk that you will accept, we all do not recommend this.