NEVER WASTE YOUR TIME ON CLOUD MINING APPS ! Very High potential to be a scam !

[Patikno]

So, I just saw a video titled "How to mine Bitcoin on your phone" in youtube. I thought it was real mining (using computing power), but it turns out it is not real, and the mining process doesn't make any sense. In just a few seconds, the YouTuber has already received mining results, wow, it would be really interesting if it were real, but I am really sure it is 100% scam.

Source : Youtube ( I emphasize not to try the instructions )

After researching the app further, I discovered that many people have complained about its fraudulent characteristics.

Some of the things, I discovered:

1. Fraudulent calculations
One user complained about losing his mining results (many users have experienced the same thing), and he said he had lost his mining results several times. Another user said he regretted purchasing a high hashrate. I don't know if he purchased it with real money, but I noticed that the app requires users to watch ads to mine. Even if real money is involved, it is very dangerous.

2. The developer didn't respond to user complaints.
One user said he had paid for faster mining, but there was no response at all regarding his activity status. He also said that the app developer didn't respond to his complaint.

3. Fraudulent Minimum Withdrawal
Several users have complained about their mining progress disappearing, even after meeting the minimum withdrawal. Others have complained that their progress reset, when they were close to reaching the minimum withdrawal.

4. Fraudulent Referral Program
One user complained that, he lost his referral value.

5. No users have been successfully paid
After reviewing numerous reviews, I haven't seen anyone successfully withdraw their funds. In fact, some have been using it for months without making any profit.





References :  Google Play

Conclusion: You should avoid this mining (fake) app, or any similar app. It is just a waste of your time without producing any results. You will end up wasting your time, and you might even lose money, if the app offers features/plans to be purchased. In essence, it should be better to ignore it, and never try it.

Personally, when I first started out in crypto, or when I was first learning about crypto, I tried a similar to the fake mining app. At that time, I tried several sites that resembled cloud mining apps, but ultimately regretted it because I wasted my time. The same problem often happened to me: "Reset progress/results lost," and the sites always disappear after some time.

I am convinced most cloud mining sites are scams, exploiting users for their own personal gain, whether through advertising revenue, engagement, or other means. Therefore, I advise you, especially beginners, not to try them. I believe cases like this align with the saying don't be easily lured by something that is "Too Good to be True".

If someone asks, "Is there any paid cloud mining?" I would say most of them are scam, as I have never seen anyone successfully mining like that, including myself (in my experience).

By the way, some of the newer reviews show that some people are still trying it, even though many of the reviews label it as a scam. So, I advise you not to be the next victim.

[_act_]

It is not just about cloud mining app, but including everything that is called clue mining. Since I have known about bitcoin and other coins few years ago, what I know about cloud mining is that they are the honeypots of scammers. They will tell you that it is free, you will join and see premium services thier just to attract you to pay them money. Almost all if them more than 99.99% among them are scam. People are only wasting their money or time on the them.

[rdluffy]

During the good mining season for ETH and various altcoins, and obviously BTC, in 2017-2018, several cloud mining services emerged

The conclusion we always reach is as follows:

1 - many are scams and only display an interface that makes the user believe they are mining, when in fact it is nothing more than a pyramid scheme

2 - Even if the service is real, it will not be worth “mining” with them. If you do the math, the price of BTC always needs to go up for you to get a return, which leads to the conclusion that it is much better to just buy BTC and wait for prices to rise 

[Pablo-wood]

Including faucets. Many apps claims to give chunks of bitcoin after completing a few tasks only to keep users glued to their apps with little or no rewards. Some might drop fake coins with no redeemable means. Example Cointiply whose reward is almost useless and stormX which isn't totally free. Of what use is an app with a minute payment for completing tasks when they said amount can't be withdrawn within a reasonable time frame. Most of them expect users to spend many years trying to make something tangible and it can be frustrating

[Catenaccio]

So, I just saw a video titled "How to mine Bitcoin on your phone" in youtube.

Mining on phones, computers, laptops will create a lot of pressure and damages on those devices, then destroy them.

Cloud mining is very scam and people need to know about this scam type, then avoid it.

Cloudmining 101 (ponzi risk assessment).
MLM – a dangerous marketing strategy.
Cloud mining scams.

Similar to fraudulent trading bots where the victim is asked to deposit a certain amount of money for “cloud mining”, again, mostly with unrealistic promises of profit.

[pawanjain]

So, I just saw a video titled "How to mine Bitcoin on your phone" in youtube.

Just when you read this just get to know that it's a trap to scam you and get your money.
The thing is that mining bitcoin requires a lot of hardware requirements and so mining bitcoin on phone is near to impossible.
Unless you have hundreds if not thousands of phones and create a mining rig out of it, which is really stupid, it doesn't make sense.
So just avoid anything that says bitcoin mining on phone.

Cloud is quite similar but its theoretically possible to mine because server configuration can be scaled to mine bitcoin.
But then again, if someone has such a configuration then why not they use it to mine bitcoin for themself.
So practically, it doesn't make sense to invest in cloud mining either. Better to stay away from those as most of them are traps.

[Hatchy]

I am convinced most cloud mining sites are scams, exploiting users for their own personal gain, whether through advertising revenue, engagement, or other means. Therefore, I advise you, especially beginners, not to try them. I believe cases like this align with the saying don't be easily lured by something that is "Too Good to be True".

Cloud mining stopped being a thing years back. And I guess majority of new crypto investors may not be aware. What we have now are just scam site or apps developed to make money with promises of receiving rewards after certain tasks. I've seen these apps as they are a complete waste of time. You sign up to a said mining station, totally free and the reward comes in very small.. you see options to boost your mining by paying for premium pools which are much expensive. It's very easy to avoid these kind of scam because someone who has done his research long enough would know that you can't mine bitcoin using your phone. It's very easy to fool people that are desperate to fulfil their dream of becoming rich over night..

[sunsilk]

The problem is also about these people that are only referencing their research through YouTube videos.

If they verify the information through various sources including the forum, they'll know that cloud mining apps are likely to be scam.

And the real way of mining is going to require them sums of money to buy the asic miners and it will also require them to pay electricity.

Many of these video content creators are only doing these videos for them to get more views while misleading their audience.