Cloud Mining with NB Hash

[Xitix]

Hello everyone. I've invested in cloud mining with NB Hash. I'm looking for others who have also invested there. What are your experiences with this provider?

[JeromeTash]

It is common knowledge that almost all cloud mining platforms are either high risk investment platforms or outright scams. A bigger percentage are scams, probably 99%. Do not waste your funds and precious time with cloud mining. You would rather just buy bitcoin or any top CoinMarketCap coin and hold it long term. You will get good returns without breaking much of a sweet. All you need is time and patience.

[NotATether]

Cloud mining is a scam. Buy your own boards or rent them from somebody.

[ABCbits]

I visited one of their website (i don't know which one is "real") and it has common red flag among cloud mining website.

N-card series Mining Nest 1【NO.NBH-D065】
＄100,000.00/40 Day

Contract Term: 40 Day
Contract Price：＄100000.00
Daily Profit：＄2100
Fixed Return：＄100000.00+＄84000
Settlement Time：Every 24 Hours

Affiliate Bonus
3%Level 1
1.5%Level 2
0.5%Level 3

1. From quick search, i unable who create ASIC "N-card series Mining Nest 1".
2. Fixed return is impossible on mining, considering price volatility, hashrate change and other factor.
3. The affiliate bonus sounds like MLM/ponzi, when the provider could just hand all profit to you rather than creating affiliate system.

[Xitix]

Ich habe nicht so viel Geld investiert. Eigentlich hat alles immer gut funktioniert. Einzahlungen und Auszahlungen. Nun hatte ein Vertrag zu Weihnachten aber eine Klausel die ich natürlich nicht gesehen habe. Sie stand aber in den Vertragsdetails. Ich müsste nun um den Vertrag zu erfüllen 3000$ einzahlen um einen Vertrag zu kaufen. Erst danach wird mein bisher erwirtschaftetes und eingezahltes Geld wieder zur Auszahlung freigegeben. Ich werde das nicht machen und mich von meinem investierten Geld verabschieden. Wenn man aber davon ausgehen könnte , dass es ein vertrauenswürdiges Unternehmen ist, dann wäre es ein Vertrag der erfüllt werden muss . Mich würde interessieren ob es jmd. mal gemacht hat und wie es dann weiter gegangen ist , aber wahrscheinlich sind die meisten nicht so dumm wie ich 😆

[noorman0]

I haven't invested that much money. Everything has always worked well, deposits and withdrawals. However, a contract I signed around Christmas had a clause I obviously didn't see. It was in the contract details, though. To fulfill the contract, I would now have to deposit $3,000 to purchase another contract. Only then would my previously earned and deposited funds be released for withdrawal. I'm not going to do that and I'm saying goodbye to my invested money. If it were a trustworthy company, then it would be a contract that must be honored. I'd be interested to know if anyone else has done this and what happened next, but I suspect most people aren't as naive as I was. 😆

Translated using Google

They're clearly running a classic Ponzi scam. Luckily, you quickly realized the insidiousness of this business before fulfilling their final demands. I'm curious about the amount you lost. As everyone else has said, almost all cloud mining is a scam, especially those that offer fixed profit margins.

Next time, use English for global boards.

[Bitcoin_Arena]

>>snip<<

Sorry about that mate, like already pointed out, that is how Ponzi schemes work at first, they will make some small payout so that they lure in potential victims and then afterward they will start making fake excuses.
From what I know, most Ponzi schemes these days hide behind Cloud mining and one thing I can tell you is that once you see anything like cloud mining, avoid like a plague

[robelneo]

They're clearly running a classic Ponzi scam. Luckily, you quickly realized the insidiousness of this business before fulfilling their final demands. I'm curious about the amount you lost. As everyone else has said, almost all cloud mining is a scam, especially those that offer fixed profit margins.

Yes, it is an old scam. They scammed you on your first deposit, and they will try to scam you again by depositing again. Real cloud mining is a thing of the past, but many people don't know that; they are misled by promises they read about scam cloud mining. These scammers do not have machines to run a mining operation; they only have scripts, fake photos, and videos.
If only people took a few minutes to do their research, they would find out that these so-called cloud mining schemes are actually Ponzi schemes.