Cloud Mining - Need some tips?

[noormcs5]

I think cloudmining not a profitable investment. Most cloud mining is not reliable, they are a scam website that deceive users. may be nearly 95% cloudmining unfit for use.

You are absolutely right my friend. There is no such industry which offers mining on the cloud and all these sites are scam.  Even if anyone still  think its easy way to earn then i think you should invest very small amount at first to test if the site really pays. Better to get feedback of the site from the internet before using it.

[BitHodler]

I think cloudmining not a profitable investment. Most cloud mining is not reliable, they are a scam website that deceive users. may be nearly 95% cloudmining unfit for use.

At this stage cloud mining is a done industry. Even legit mining operations offering cloud mining are going to turn into some sort of a scam.

They have the ability to change the fees at any times, they can terminate your contract if they deem it unprofitable, they can use block halvings as excuse to shut down their cloud mining platform entirely, and the list goes on.

It's a waste of time and money. Funny thing that not everyone seems to understand is that they basically pay you with your own money while you think they are actual mining rewards. Don't fall for it.

[JeffBrad12]

I think cloudmining not a profitable investment. Most cloud mining is not reliable, they are a scam website that deceive users. may be nearly 95% cloudmining unfit for use.

They have the ability to change the fees at any times, they can terminate your contract if they deem it unprofitable, they can use block halvings as excuse to shut down their cloud mining platform entirely, and the list goes on.

But some of the people are so blindly to get on the cloud mining site in this day. Just give a free loan for the cloudmining site to make his business bigger. This is a big liar ever I seen. The legit cloud mining site too.