Are the cloud mining sites to go scam?

[tmfp]

do you think hashocean is ponzi scheme using the system? if yes why their site live more than one year?

Ponzi schemes will last as long as
A) The admin want them to
B) The supply of greedy suckers continues.

[isen]

Every cloudmining site will go scam sooner or later halving has nothing to do with it.Reason is very simple,they are nothing more than ponzi scams who lie about the "mining" part so they can steal more money from clueless people.

[Liuiam13]

Just dont pay them any money. Almost all of them are scams and youll just lose money.

[cluit]

yes recently a mining site cldmine.com has ran away with users btc...me too lost many doge coins that i invested in cldmine..i think we should wait till bitcoin halving then start investing on them again

Yes its obvious risk for investing in cloud mining. At this moment as the price is sky rocketing just holding also it will be more profit than mining if you have higher target for your bitcoins with little patience.

[SilverPunk]

Just dont pay them any money. Almost all of them are scams and youll just lose money.

Yes ,cloudmining is scam also the more it last tge more money it scams it is good for them but this time will be a great problem if they can't supply or make a rotation to pay the investors because of the high price of btc .

[MingLee]

Cloud mining sites are basically useless, and will be continuing to grow useless once the halving rolls around. They were designed with the idea of a constant supply of Bitcoin in mind, with no need for more hashing power. Any "lifetime contract" loses a majority of its value after four years, and becomes nearly valueless once 12 years go by, especially within Bitcoin.

Cloud mining sites as basically useless, and not worth investing in.

[WaffleMaster]

Well IMO, cloud mining sites were all bound to be scam in the end. Even if it is paying for more than 2 years it will surely be a scam someday because cloud mining sites are the same as HYIP sites.

2 years is too long for them to stretch somebody's money out but with the dramatic increase of price in Bitcoin up until the halving and perhaps even after it, the Ponzi HYIP websites are going to be pulling huge exit scams to cash out for as much as they possibly can before the price drops. So we should all expect this and I think in fact a few already do as I see offers for accounts to cloud mining websites being sold for fractions of the cost lol

[BossMacko]

Just a thought,

After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.

Right?

Then what about the mining companies like hashocean? Will they shutdown?

Replies are welcome.

Ps: Correct me if I'm wrong on any thought.

If you already invested in a cloudmining site and if it turns to scam or not. You have no choice but to accept the result. You are lucky if you are able to got your Return of Investment before it turns to scam.

[BeGoods]

Just a thought,

After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.

Right?

Then what about the mining companies like hashocean? Will they shutdown?

Replies are welcome.

Ps: Correct me if I'm wrong on any thought.

I think if you're still using a tool to mine own. it would still work because not all bitcoin in the spread dude. so you can still get income although slightly. ROI is certainly time will be longer ? I do not know what will happen to cloudmining. they would have to be a scam of course

[lottery248]

you can sure it is a scam if they have referral program, and not showing signed blocks, no exceptions so far, based on my experience.
site like www.hashnest.com has real mining blocks proven at least.

[Mexicantrader]

im not shure, i think that maybe some of them starts with good intents, but the problem is that some of them are not 100% minnig.

im talking about the "minning hardware".

some people start thinking that can create a "minning site"without a "minning software".

so, some of them want start investing the coins or even betting the coins with the naive idea that this bring them some profit, but eventually this collapse and they have to run, not with the winnings but with they loosses


; P

is a true story

[Cyaren]

Well, all of the cloud mining sites are pretty much scams in my opinion. Either way, whether they are a ponzi or not, they are a scam. Because even if it's not a ponzi, you won't get ANY profit from that cloud mining sites whatsoever, that it promises to deliver.

Which is why i don't personally invest in cloud mining.

[Carlsen]

Cloud mining sites are a trap for newbies.
They only exist to take peoples coins away.
Either they are a ponzi, or, if they really should have a mining farm out there, you never reach the point of investment.

[lienfaye]

Sooner or later it will be scam. the first month or so of the contract things will look smooth, and you might even make half of your investment back in a few months and think this is totally working. i should invest more before its too late. but the truth is you cant get your money back because they will get lost.

[Rizky Aditya]

all the cloudmining sites will go bankrupt sooner or later because they are not really good businesses and they can't both profit and give their investors any profit.
besides almost all of them are scams or will turn into scams to run away with the most money they can get.

Yeah that is very true. I just don't trust cloud mining at all. I steer away from them and ponzi websites. Most of them are scams and some of them start ok and then turn bad.

[Babayega31]

all the cloudmining sites will go bankrupt sooner or later because they are not really good businesses and they can't both profit and give their investors any profit.
besides almost all of them are scams or will turn into scams to run away with the most money they can get.

Yeah that is very true. I just don't trust cloud mining at all. I steer away from them and ponzi websites. Most of them are scams and some of them start ok and then turn bad.

No they cannot be bankrupt because in the first place their running as ponzi and surely they will turn scam even if no price rise will be happen they are just accumalting their target money and run, hopefully all of people will realize that hyips are fooling them theirs no really gaurentee of earnings if we invested with that scheme, theyre just giving low roi so they can sustain longer.

[bob123]

Just a thought,

After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.

Right?

Then what about the mining companies like hashocean? Will they shutdown?

Replies are welcome.

Ps: Correct me if I'm wrong on any thought.

Since BTC price is rising profit wont be decreased by 50%.
More like 10-25%

[marcuslong]

Just a thought,

After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.

Right?

Then what about the mining companies like hashocean? Will they shutdown?

Replies are welcome.

Ps: Correct me if I'm wrong on any thought.

I think not all of the cloudmining is scam, i think they cant only to say that their promo that promising lifetime earning they cant do that.
It is not scam but for me they promise only that thing to have many customers to buy some khs powers. But im not saying they scam becasue many will be harsh to me.. Im just saying that they only have promise but they cant do that.

[SuperCoinGuy]

If the cloud mining companies like Hash Ocean don't adjust their pricing to the halved block rewards I don't think they will be operating in profit and it's very likely they are either going to incur losses or close up shop and reopen again under a different name and the current investors will kiss their money good bye which is like the worst case scenario for me. Also the advertised return on investment in 1-2 months would be very misleading and people would be very lucky to break even. I would be very careful with any investments in cloud mining companies right now before the halving as things could go very wrong real fast.

[DoublerHunter]

Just a thought,

After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.

Right?

Then what about the mining companies like hashocean? Will they shutdown?

Replies are welcome.

Ps: Correct me if I'm wrong on any thought.

It's depend to them if they will shutdown their mining rigs but i think that they will continue mining bitcoin or other cryptocurrency because if they find out that the bitcoin is no more profitable in mining they will find another one to sustain their users.