I have heard and also read in various threads that mining is too risky. The invested money can all be gone with a blink of eye. Actually i am not sure wither i should do it or not. If i invest, then is there any chance to loss all the money?
- Yes it is very risky
- If those cloud mining services don't have any mining hardware than they are just hyip so they might go offline overnight just like hyips.
- You shouldn't invest in cloud mining (fake/virtual mining), buy real mining hardware and mine it yourself.
- You might have to wait for more than a year to get back your initial investment even if the site where you have invested are providing legit service.