Participation in Miner pools on early stages in beneficial or not??

[cryptoshow996582]

There was a project in 2021/2022 called baked beans it's quite impressive and interesting project and actually provides a very good returns to the early investors and I also stumbled upon MINU, with a 9 million market cap, following a similar approach with Miner pools for decent returns. After some digging i found another one called PizzaX offers Miner pools in BNB , USDT and PizzaX pools and claims to give 15% daily ROI but the only catch is Have to Be a miner on early stages if i joined later the APR may reduces so What do you think? Is it a good idea to jump in, or is there a potential risk?

Pizza X: https://pizzax.club/
Minu: https://www.minucoin.com/

[JeromeTash]

As far as I can tell, that's not real mining, mate. They are more like Ponzi schemes or pyramid schemes, which in the end will just exit and scam users. Crypto involves use of mining hardware and software. If you want to mine crypto, you must buy mining gear such as ASICs or GPUs, not sending BNB to a pool and then think that you will get rewards out of it
Be careful, my brother.

[avikz]

Indeed! These are ponzi scams disguised to look like a cryptocurrency mining project. After the big blow from FBI on Talkgold and MMG forum, ponzi owners have started exploring other options and this is what they have come to.

Op, these are not mining programs. It's called Ponzi or HYIP. It's best to stay out of such websites and do not promote them anywhere.

[Mate2237]

Others have said it all. It is obvious that you are trying to involve non Ponzi Scheme. At this period they will definitely come and it for us to detect them faster so that they will not scam anyone from here. As JeromeTash as rightly said, if you want to mine you just go to the market and buy the mining equipment or machine and start your own mining plant either in your compound or a lonely place to avid distracting others.

If you send BNB to a pool for them to mine it for you then you have entered the hand of the scammers. Experience is the best teacher as they say, I have experienced it. Scammers are not just scamming people immediately but they will allow people to earn small to create trust. So please stay away from them.

[batang_bitcoin]

Speaking for the majority of the projects and not with these likely scams and ponzis, sI think that they're beneficial when you're at the early stage because the cuts are pretty much high and then when the project becomes successful, you'll mostly be happy with the reward that will be distributed to you. But with the percentage of return as a daily reward, that's crazy and unbelievable to be likely a ponzi as the others have pointed out.

[wheelz1200]

It's like anything else lower return but less risky on getting scammed works for some peoples risk appetite and then there are new pools or mining new coins which could lead to a bigger windfall but then there is a chance you can lose it all.  It just depends on your risk appetite at the time.  It's not good or bad without understanding that first.