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.

[shield132]

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?

The purpose of the business is to be profitable. When someone sets up miners and does every pesky things, they do this to generate a profit for themselves, not for you. They sell you nice words that look legitimate and makes sense from a quick hearing but if you are critical and ask more questions, then you'll understand that the business benefits from it, not you. Cloud mining is not a charity organisation, it's a commercial business.
For over 10 years that I remember, every cloud mining website was either a scam or unprofitable. There was no cloud mining that was profitable or if there was, the profit was so low that it wasn't worth it.

I don't know how many scams and how many years it will take to enlighten people but I'll repeat that cloud mining is either a scam or unprofitable, you'd better trade with your coins or do some other things. Forget easy money, money comes the hard way.

[tabas]

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

Sadly, if you have asked prior to your investment there, you're able to dodge a bullet from them. This is a common scam that's still around and because of the desire of being able to "mine" they think that cloud mining is what they should choose instead of buying actual asic miners because they're expensive. And I think let's say there's 0.01% of these cloud mining companies that are real, the profitability that you'll get there isn't even that much. So, give up on cloud mining and that's going to save you from scams. Just buy bitcoin, hold it and enjoy the ride for the next cycle.

[Xitix]

Ich habe noch ca. 1000$ auf NB Hash. Das ist natürlich sehr ärgerlich aber wird mich nicht in den Ruin treiben. Auf anderen Bewertungsportalen , haben user die das gleiche Problem haben wie ich geschrieben , dass sie nach längerem Streit ihr Geld zurück bekommen haben. Die "Gewinne" natürlich nicht. Aber das ist eh klar.

[Zwei]

I don't know how many scams and how many years it will take to enlighten people but I'll repeat that cloud mining is either a scam or unprofitable, you'd better trade with your coins or do some other things. Forget easy money, money comes the hard way.

as long as greed for easy money exists, no matter how many ponzi scams get exposed or how many years pass by, some people only learn after touching the fire.

ponzi scams are fucking everywhere (online and offline), every time i get the chance, i warn friends and family about them, yet someone i know still got scammed by one.
and since it was a local scam, the lowlife behind it got arrested before he could skip the country, so at least the victims got some justice.

Ich habe noch ca. 1000$ auf NB Hash. Das ist natürlich sehr ärgerlich aber wird mich nicht in den Ruin treiben. Auf anderen Bewertungsportalen , haben user die das gleiche Problem haben wie ich geschrieben , dass sie nach längerem Streit ihr Geld zurück bekommen haben. Die "Gewinne" natürlich nicht. Aber das ist eh klar.

just consider that $1k a very expensive lesson to not get scammed again, and please keep things in english, else the mods might delete your post.

[Rikafip]

just consider that $1k a very expensive lesson to not get scammed again, and please keep things in english, else the mods might delete your post.

On the contrary, I think that $1k is not that expensive, considering how much money many other people lose due scams.

Sure, it sounds bad, but after this lesson OP will probably be extra careful with anything that sounds to good to be true.

[nc50lc]

On other review sites, users who have the same problem as me have written that they got their money back after a long dispute. Not the “winnings,” of course. But that goes without saying.

Sounds like fake reviews but it's worth the try if you contact them as well.
You'll lose nothing more if you wont send them any more bitcoins.

But be wary on your approach:

• Don't get straight to the point and act like you're not suspecting that they are scammers, with some "acting", they may consider it if that amount is too low for them.
  Because sometimes, ponzi scammers allow a few refunds like those to build some reputation specially when they're just getting started and only sweep when they're ready to exit or the fund is high enough.
  or
  
• Get straight to the point, but usually this approach leads scammers to ignore your queries.

Keep your expectations low though as they've already tried to falsely reassure you on your first and few successful withdrawals before Christmas.

[davis196]

The company known as NB Hash has a Trustpilot profile with only 7 reviews and an overall score of 2.6 out of 5. You could just do a Google search and find it. The company name on that particular Trustpilot profile has been changed, but the website nbhash.com on the Trustpilot page remains the same. Everything about this company screams "scam!". The red flags are everywhere. Everyone in the crypto world with at least a little bit of experience knows that cloud mining is a scam. I'm surprised that there are people, who still fall for this scam.

[Baseplate]

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?

It should be common knowledge by now that cloud mining is a scam, just like a ponzi scheme. Why would anyone lend you their mining power and give you a share of the profits?

[LTU_btc]

I just can't understand how peeople still falling  into cloud mining scams and give away they hard earned money with easy hand. Could mining was scam already 10 years ago and nothing didn't changed now. If you have too much money, better give it to charity rather than feeding scammers.
That $1000 you lost will be expensive lesson for you. But it could be worse, but at least you didn't deposit extra $3000 that you was requested.

The purpose of the business is to be profitable. When someone sets up miners and does every pesky things, they do this to generate a profit for themselves, not for you. They sell you nice words that look legitimate and makes sense from a quick hearing but if you are critical and ask more questions, then you'll understand that the business benefits from it, not you. Cloud mining is not a charity organisation, it's a commercial business.
For over 10 years that I remember, every cloud mining website was either a scam or unprofitable. There was no cloud mining that was profitable or if there was, the profit was so low that it wasn't worth it.

I'm wondering from all cloud mining websites actually have miners. I'd guess that probably 99% of such websites don't have it, they don't make any mining activities and are just ponzi schemes.