Bitcoin.com Cloud mining is Biggest Scam

[abbasnejad]

I lost more than 88000USD in less than a year. Now i get nothing and my contracts are zero out

http://i64.tinypic.com/2ahhanc.png

[nitrobg]

lol, that's what happens when you make poor financial decisions and choose a scamcoin such as BCH.

[not.you]

I lost more than 88000USD in less than a year. Now i get nothing and my contracts are zero out

Yikes.  Did you hold your mined coins?  If so, keep holding, you may yet make something.

Generally speaking, cloud mining is the biggest scam going in the cryptocurrency space.  I always buy my own hardware and then resell when it gets near end of life. 

[efudd]

Ouch - my brain doesn't want to even process this!

[adaseb]

Basically all cloud mining contracts are like this. They are usually forever contracts until a certain threshold, usually when electricity+maintaininace costs > profits. Then your account goes into a paused state and over a certain time, your mining contract ends up being terminated. Bitcoin.com isn't the only cloud miner company that does this.

I think they do it to trick people who don't understand what Difficulty is and people who are new and don't think BTC or BCH can crash down in price.

[vlach23]

I agree with the participants, I personally was in the cloud for 4 months, only you get the withdrawal amount, and it all ends, in games too they write: the account is not registered

[swogerino]

If you had come here for advice before deciding to invest that big amount of money I am sure you would have find many threads in the forum that warned people against cloud mining. A few years ago this was the trend and many newbies fall victim of this, but I never saw someone invest almost 90k dollars into it.

I hope at least you recover some of your coins but if you had invested that amount into buying devices and hardware to mine you would still have the hardware to sell, and of course you would have made some money.

[markiz73]

People do not cease to amaze. If you could afford to invest such money, you probably will not be upset.
I have contracts in cloud mining for several hundred dollars, but they pay very little and the payback is very high.

Next time, consult the forum when choosing an investment.

[Agozyen]

I never understood why cloud mining got as big as it ever did.  I mean if it was profitable why not just mine and sell yourself?  Having said that I did play around with it for a while when it was still new, never caught on with me though.