Cloud Mining Scam or legit

[aoihs00]

Let me add my another legit and profoundly studied vote - NO.

This question is being asked over and over agin and people making too many threads for it. I think these guys should read the threads first and then ask about it. Anyway why I understand from the cloud mining, once more, that its not legit because it is not affordable for those so called virtual cloud miners to pay you once there is payment day which is daily usually. There were use to be good sites like hash flare and genesis but they went down with disappointment because of few updates they release recently (month ago). In general its hard to get these ponzi schemes to pay you so its better to stay away from it.

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[oyinkansolaberry]

I think it will be very unfair to categorically state that cloud mining is scam. there are so many mining sites that are out to scam people of their hard earned Money, so also there are a few legitimate ones that will deliver on their promise.

[Darklinkz]

I think it will be very unfair to categorically state that cloud mining is scam. there are so many mining sites that are out to scam people of their hard earned Money, so also there are a few legitimate ones that will deliver on their promise.

I don't think so. They might be operating for a while but the thing is they want it to grow bigger and you fell on their trap thinking they seems to be more legit because they lasted for few years but they are just waiting for the right moment accumulating much money before they disappear.

[lablab03]

For a newbie i suggest to search first using the search bar  of this forum instead of making existing thread to prevent spammers. Sorry for interrupting i just want to help you out with easy steps to obtain more information based on your question. Regards

[CryptoMinerrr]

I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that

I would just like everyones opinion on it if that is ok

So is cloud mining a scam yes or no

Reasons why appreciated

Many Thanks

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