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Author Topic: Is cloud mining a reality or a scam?  (Read 76 times)
I4BTC (OP)
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Today at 09:40:45 AM
 #1

Is hashpower.braiins.com working properly?
Can you recommend other legitimate cloud mining providers?

Thanks.
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Today at 01:38:02 PM
Merited by hosemary (1)
 #2

I don't know anything about that website you have shared, neither do i intend to waste my time to check it out.

However, i think it is important you understand that almost all cloud mining offers is a scam and if you get into it, you are surely going to lose your money. The scammers often promise you guaranteed returns, plus they claim that they are anonymous, etc. There are other red flags to look out for, but just to be safe, forget about cloud mining.

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Today at 03:04:39 PM
Merited by hosemary (1)
 #3

Is hashpower.braiins.com working properly?
Probably not, as I haven't heard about a single legit cloud mining company yet.


Can you recommend other legitimate cloud mining providers?
Even if there are legit ones (which I doubt), why even wasting your time and money on them when you can just buying bitcoin directly?

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Today at 03:28:32 PM
 #4


Can you recommend other legitimate cloud mining providers?


If this question were asked 8 years ago, I had a lot of legit cloud mining providers to recommend, but the landscape has changed drastically; it's not sustainable to run a legit cloud mining operation, so scammers have taken over this industry.
It's cheap to buy a cloud mining script, and some of these scam cloud mining operations do not show their machines or equipment because there's nothing to show; they manipulate profits and withdrawals.

These cloud mining platforms operate as a new form of Ponzi Scheme; they offer only promises, and they will take the platform down when no more money comes in.


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Today at 03:49:30 PM
 #5

Is hashpower.braiins.com working properly?
Can you recommend other legitimate cloud mining providers?
Cloud mining is scam, there is no legitimate cloud mining providers as far as I know. Cloud mining uses Ponzi, MLM scam methods.
If you want to find one or some, perhaps you will take risk and fall to scam cloud mining.
Cloudmining 101 (ponzi risk assessment).
MLM – a dangerous marketing strategy.

R


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Today at 05:21:52 PM
 #6

Is hashpower.braiins.com working properly?
Can you recommend other legitimate cloud mining providers?

Thanks.

I checked them out, they do not actually claim that they are cloud mining providers, rather they are listed as a hashrate marketplace where you buy mining power for use in the supported pools or for solo mining.

Besides, it is still listed as beta. Inquire if you can be rewarded as early testers without committing money.
Quote
Can you recommend other legitimate cloud mining providers?
Read what people said above about cloud mining.

If I may ask, are you so passionate about cloud mining or you are looking to make some profits. If the later is the case, you can follow Rikafip advice.

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Today at 06:24:59 PM
 #7

I don't know anything about that website you have shared, neither do i intend to waste my time to check it out.

However, i think it is important you understand that almost all cloud mining offers is a scam and if you get into it, you are surely going to lose your money. The scammers often promise you guaranteed returns, plus they claim that they are anonymous, etc. There are other red flags to look out for, but just to be safe, forget about cloud mining.

The domain  itself is well-known that site offers Braiins OS for ASIC units the only problem is never heard that they have this sub domains.

By checking the site, it looks like renting a hash rate, but why did it say, "Try your luck"? It's weird; it looks like you are going to rent but the profitability depends on if you are lucky to hit and mine a block. Or maybe it offers solo mining, and if you're lucky, you could earn the whole block reward.
I check the minimum; it looks like around 0.5 BTC, something that is too expensive.

Take note Braiins.com usually in a Bitcoin mining section. If any of you have doubts, check the mining section.

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