Post
Topic
Board Service Discussion
Re: Is Cloud Mining Really a Ponzi Scheme?
by
Vitamin King
on 10/06/2015, 14:29:12 UTC
http://i59.tinypic.com/hs126w.jpg

There is just no general consensus on the profitability of cloud mining.

Some cloud mining companies are just not trustworthy.

Experts say there's a simple way to tell if a cloud mining company will turn out a scam.

I like this quote in the article...

Quote
“If you draw an analogy between recent projects that have deceived their clients and closed down, you will notice that they all share several traits: short lifespan and the promise of a very high ROI, such as 200-400% per year.”

Being an user of www.CloudMining.website for several months, I can now comfortably assume that it does not satisfy any of thee traits...

1. Lifespan: It is paying consistently for seven months now. Payment proof: www.cloudmining.website/payments.php

2. ROI: It does not promise anything on ROI at all. In fact, it took ~125 days for me to ROI on CMW, whereas a third party mining monitor reported to have ROI with them within ~114 days...