Didn't see this topic earlier, also saw an email when cleaning up my inbox. Didn't think anyone would want to try yet another cloud mining project, particularly when even legitimate ones have closed down (to my knowledge anyway).
For me, anything that feeds a regular and predictable income at scheduled periods has to be anything but cloud mining. Mining is anything but predictable.
I have been marking and supporting cloud mining that is reported in the scam section as a Ponzi scheme and now here we have Binance one of the top exchanges in the industry re-introducing cloud mining to the community that will make the community change their perception of cloud mining.
If Binance cloud mining becomes successful and in demand, we'll see more cloud mining sites and could be using Binance as their model, but I still won't change my perception that cloud mining is a Ponzi scheme, there are a lot of scripts for cloud mining that scammers are using.