Quote from: Fatanut on June 01, 2017, 03:08:55 PM

Quote from: mariahronny on May 31, 2017, 09:50:00 PM

investing on mining, make sure to select mining site that are on business 3 or more years already.. small income but harvest it years from now.

The age of cloud mining site hype is already gone. People are already aware that everything can be faked. First, the date of launch. Cloud mining sites have faked their history and say that they have been running for a long time and that they just didn't have any recognition before. The mining equipment as well can be faked. The address can be faked. Literally everything can be faked to look legit enough for investors to come in.

And let's just say that you finally found that "legit" cloud mining site that's actually legit. They are probably going to be a 6 month or 1 year return on investment thing. That's a long time for them to get more investors, accumulate decent amount of money, and fake a hack scenario. Even when they continue running longer than expected, it's still a good strategy for them (to accumulate more money to run away) since the profit of their investors per day is really really low even with decent investments.

Yes I agree there are a lot of scams and the cloud mining sites leaving few of them mostly use fake record and lie to the members. I prefer investment and trading in the Alts, the cloud mining according to me is just a waste of time I can make more money with the trading in that time that I give to the mining and stuff etc. I am more in trading.