[2019-03-27]Everything About Cloud Mining, Pros and Cons of Application

[Vladdirescu87]

Bitcoin mining remains a quite popular activity since the cryptocurrency reached its all-time high of almost $20,000 in late 2017. Aside from traditional ways of getting crypto, customers can approach special companies offering cloud mining services. Here is a list of the major advantages and disadvantages of this virtual way of making crypto.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cloud-mining-application/

[snipie]

Coinidol is running out of ideas and it started talking about the same topics over and over. I do not understand why they should talk about a concept that proved how it is useless for the community in term of revenues of course...without mentioning the high ratio of fake projects!

[odolvlobo]

Coin Idol is a worthless media site. Why are they writing articles promoting cloud mining?

[dunfida]

Coin Idol is a worthless media site. Why are they writing articles promoting cloud mining?

They already ran out of ideas thats why they do already come to a point on where they do wrote up about cloud mining topics. Seriously Coinidol?

I dont even see Pro's on cloud mining yet 100% of them are useless.

[pixie85]

There are many fraudulent companies today. This is partly due to the lack of regularization of the sector, partly because once a Bitcoin payment is made it is impossible to cancel it.

Many is an understatement. It's going to be very very hard to find 1 cloud mining company that you can invest in and get a profit in 1 year. 9 out of 10 will scam you right away and that last one will give you a 2 or 3 year contract after which you'll find out that if you bought and held you'd have similar profit without any risk.

[btyco]

Cloud mining is good when there is a promotion offering free cloud servers which you can then use for staking or mining. However, for those specific cloud mining services - complete waste of time and effort. Get an asic machine instead

[Slow death]

Aside from traditional ways of getting crypto, customers can approach special companies offering cloud mining services. Here is a list of the major advantages and disadvantages of this virtual way of making crypto.

special companies?

when these cloud mining companies came to be called " special companies "?

Many people are losing money in these Cloud Mining companies and instead of the press reporting these very sad cases, are they talking about Pros and Cons? when did have Pros  on cloud minig sites?

[Naida_BR]

Cloud mining is an old topic and it has been proven that it is not worth it following.
I really don't understand why it is discussed again after all these frauds that have happened in the name of "cloud mining".