What is cloud mining in crypto?

[Kevin Hoyle]

Cloud mining is a method to mine cryptocurrencies by leasing equipment or renting computing power from data centers.

It offers a more accessible avenue to mining, eliminating hardware and operational challenges.

However, cloud mining comes with its own set of risks, which can be mitigated with diligent research and decision-making.

[bias]

And now comes the questions...
Any evidence of their existence of this so-called "leading mining leasing company"? Headquarters, offices, employees, etc?
Any evidence of their 100,000 ASIC miners? Locations, farms, the miners themselves?
Any evidence on how you can change a BTC miner to mine LTC and DOGE to ETH?

From now and without any second thought, this is a pure Ponzi/ MLM crap all the way.

[bias]

Time is the best measure of a company's credibility.

If there is one in the first place, and no, it's not.

If you have any doubts, please do not invest in our project. You can follow our platform for a year or so before deciding whether to invest in our platform.

Instead of making generalizations and empty words, answer the above questions and show evidence for what you say. But we all know that you can't, you included. And why? Because there is simply nothing to what you say. Again, this is another Ponzi scheme, a trap for ignorant and naive people.

[Stalker22]

~
As a professional cloud mining platform, we serve more than 8 million miners around the world and have been operating safely for more than 6years.

Are you sure about that?

The registration info for your company number doesnt seem to line up.  It says you incorporated in late 2019, not over 6 years ago.  
Plus your stated business activity is just general financial consulting stuff.  Thats worlds away from being some massive global cloud mining operation and  you really expect me to believe a tiny company with one employee thats only existed for barely 5 years somehow serves millions of miners worldwide? Come on now, something doesnt add up here.

[passwordnow]

As a professional cloud mining platform, we serve more than 8 million miners around the world and have been operating safely for more than 6years.

I didn't even heard of your mining platform. Most of them have closed and the ones that are in existence now doesn't even have open contracts because they're quickly filled by the people who awaits them.

Our projects are risk-free and you can buy with confidence.

Now this gives a red flag. When you say that your projects are "risk-free", you are guarateeing your investors real profits which sounds too good to be true. It's hard to believe on those promises when money is involved with an unknown company or cloud mining platform when most of them aren't profitable to the investors.

[LoyceV]

Come on now, something doesnt add up here.

The phrase "cloud mining" is 99.9% of the time only used to scam people. It's a ponzi at best.
OP advertises stuff like "Daily check-in will earn you $0.6". That's not how mining works at all. And there's no mining that turns $10,000 into $17,560 in 45 days.
TL;DR: this is a scam.

[bias]

As a professional cloud mining platform, we serve more than 8 million miners around the world and have been operating safely for more than 6years. Our projects are risk-free and you can buy with confidence.

And again, where is the proofs that your company serve more than 8 million miners for the last 6 years? Oh yeah, nowhere. You are so full of bs that you don't understand what you are saying. You talk about projects, but you sell plans. You talk about mining farms like they're shares of a company. More Ponzi than can ever be!
By the way, why do you post in the Altcoin section? This would have to be in the investor-based games subboard.

[Trueastro]

Be wary: most cloud mining sites provide meager returns initially as a tactic to entice larger investments, ultimately absconding once they've met their target.

[JeromeTash]

By the way, why do you post in the Altcoin section? This would have to be in the investor-based games subboard.

He's doing that so he can grab a few unsuspecting newbies who can fall for his bullshit with the daily traffic the altcoin boards have. There is a lot of nonsense in the investor-based games child board, to an extent that very few people even know that board exists.

It's sad that some people still fall for the cloud mining scams in 2025 just like they still do with Ponzi and pyramid schemes.

[The Cryptovator]

So you come up with an idea when your cloud mining thread has been deleted by the forum moderator. I noticed scam accusations against you regarding promoting so-called cloud mining that actually is a Ponzi scheme. So far I can't see any true cloud mining lately; all are just about Ponzi schemes. At the beginning they might pay a small amount, but at the end they will skip with the funds. So stop posting this scam around the forum; when they see your red tag, I don't think anyone is going to fall for it.

I am wondering what's the point of your post here. You want to convince newbies. Are we really stupid here? It will be sad if someone still believes in your so-called cloud mining platform. I will advise everyone: don't look for shortcuts to earning. At the end of the day, you will lose your funds.

[bias]

So you come up with an idea when your cloud mining thread has been deleted by the forum moderator. I noticed scam accusations against you regarding promoting so-called cloud mining that actually is a Ponzi scheme. So far I can't see any true cloud mining lately; all are just about Ponzi schemes. At the beginning they might pay a small amount, but at the end they will skip with the funds. So stop posting this scam around the forum; when they see your red tag, I don't think anyone is going to fall for it.

I am wondering what's the point of your post here. You want to convince newbies. Are we really stupid here? It will be sad if someone still believes in your so-called cloud mining platform. I will advise everyone: don't look for shortcuts to earning. At the end of the day, you will lose your funds.

Our "sincere cloud miner" (lol) changes everything in his OP, deletes his posts, and leaves the building!
I doubt that he will return and post anything from this account anymore. Most likely will return with another noob account and start all over again the same Ponzi/ MLM craps or ask for a loan/ investment. A usual troll scammer.

[ruski]

Most so called "cloud mining" sites are just scam programs and ponzi schemes.

They do payouts usually for a few days to obtain some trust from users then fastly close their doors.

Be careful and don't waste your crypto there.