I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that
I would just like everyones opinion on it if that is ok
So is cloud mining a scam yes or no
Reasons why appreciated
Many Thanks
I started in faucet too and then proceed to join cloud mining because it promises huge returns and I end up being scammed. There are sites maybe that are not scam but it gives so small earnings that you will still end up losing rather than earning. There are so many HYIP sites that promises just days and you will get back your return of investment but more often than not those are scam too. One hint for you is that if the return is too good to be true then maybe it is.