Cloud Mining

[hello_good_sir]

Hi Everyone.

I have seen many advertisements about Cloud Mining. Do you think it is worth to use cloud cining or are they trustable ?

In my point, it's not worth investing to the cloud mining. it's nearly 99% ponzi scheme otherwise you can not collect all funds invested to the cloud mining and I never invest money to the cloud mining as well.

The people making these ponzis spend bery little buying a Ponzi script maybe $100 and they don't need to validate anything including owning the miners. This is a mistake for any investor. Don't believe just anyone claiming the have miners let them show you the pool the mining and the hashratr they generating. If they can't produce then you can be certain it is a scam. Keep those Bitcoin safe guys.

I have a friend which is very concerned about the bitcoin situation, because we still have massive amoounts of scammers across the whole network, especially in different kind of forums and services, where you are able to speak with another users.
I totally agree with him, because in my opinion it is a cancer for cryptocurrency world, it doesnt encourages other people (outside our business) to join the ride, because they might be scared of getting scammed.

Doing ponzi scam is something extremely easy, you basically dont need any amount to start with, except the money for domain.
I have seen so many sites that are soo easy to unmask, and people are still depositing in there, because of the greed! It makes people earn on the newbies here, without any kind of an investment.

[Tyrantt]

I'll tell you from my personal experience with cloud mining since I like to experiment with those.

I've invested in CEX.io a few years back and I've actually got ROI and a pretty solid one, but that was some time ago when cloud mining could be profitable and I don't think cex.io hosts cloud mining anymore but I've pulled out my investments before the fees went through the roof. I've also tested a few minor ones and the only one that I've got profit from was hashprofit (not really sure tho) but all other have huge fees and needed bigger amounts to be invested to profit.

Today, I doubt that you have some good and profitable cloud mining services since btc diff is high and and requires a lot more fees to be taken in order to maintain those mining costs, so my suggestion is to stay away from bitcoin cloud mining services. Maybe if there are some alt-coin mining services but otherwise, no.

[worldmobilecoin]

Nearly all cloud mining services are scams. If you participate in cloud mining, there is a very high likelihood that you will be scammed.

You are correct. Have experience with a few cloud mining. At the end they will terminated your account and will not respond to your question. Can say most of them are scam.