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Author Topic: Advice for new users regarding CLOUD MINING  (Read 44150 times)
tmfp
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November 13, 2018, 07:53:30 PM
 #461

Looks like another cloud is defaulting. Cyrptomining.farm is failing to make payments: https://bitcointalk.org/index.php?topic=5040529.0

They never even pretended to mine, it was this "virtual mining" bullshit.

Extraordinary Claims require Extraordinary Evidence
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Oilacris
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November 13, 2018, 09:15:58 PM
 #462

Looks like another cloud is defaulting. Cyrptomining.farm is failing to make payments: https://bitcointalk.org/index.php?topic=5040529.0

Why I'm not surprised? In fact I don't know any cloud mining service that was actually legit and made to keep their business. At the end all users of such services lose their money.sooner or later.
That is why I always say that to keep away from cloud mining is the best decision you can make. But still there are always people who will fall for their tempting offers.
We keep on telling people not to invest into any cloud mining sites even into the oldest ones like HF and Genesis since we do already know on what would
be the possible circumstances we would faced up in the end. I didn't even expect that there are still some scammy cloud mining sites as of today yet they
had already been bust up already but still peoples greed will always be the reason for this scammers to continue to pop up.

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November 13, 2018, 09:49:14 PM
 #463

Looks like another cloud is defaulting. Cyrptomining.farm is failing to make payments: https://bitcointalk.org/index.php?topic=5040529.0

Why I'm not surprised? In fact I don't know any cloud mining service that was actually legit and made to keep their business. At the end all users of such services lose their money.sooner or later.
That is why I always say that to keep away from cloud mining is the best decision you can make. But still there are always people who will fall for their tempting offers.
We keep on telling people not to invest into any cloud mining sites even into the oldest ones like HF and Genesis since we do already know on what would
be the possible circumstances we would faced up in the end. I didn't even expect that there are still some scammy cloud mining sites as of today yet they
had already been bust up already but still peoples greed will always be the reason for this scammers to continue to pop up.
It really doesn't matter how much we tell people such sites are scams in the end, as not everyone in crypto browses these forums unfortunately, and as you said, greed takes over people very often. It's sad that things like this happen, but they'll continue to happen for quite some time.

One feature typical of most scams besides the most obvious things most people notice on the surface include the site requiring a deposit in order to withdraw funds, something that happened in the thread linked.
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September 17, 2019, 05:54:15 PM
 #464

I am seeing more cloud mining offers pop up again Cry so I'm going to bump this and hopefully save some NEWBIES some heartache.
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September 21, 2020, 04:10:21 PM
 #465

Haven't bumped this for a year, just a warning for new users. Please do extensive research before giving away your money to somebody who promises to give more back to you. It's quite easy for crooks to have somebody code a fancy website, post some fancy pictures, and make a fake website. It's much riskier for people to actually file as an operating corporation with their local/state government as that opens them up to prosecution for fraud and other crimes.
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