I am new in the bitcoin world, and I saw this publicity on instagram about cloud mining, it claimed that I could earn bitcoins with any investment, even without having a hardware. I did a little research but didn't understand much, it seems too good to be true.
Cloudmining is almost always a scam. If the people actually did have hardware that would work to mine as much as they claim, then why would they not just use the hardware for themselves?
It doesn't make sense for the people to give you a cut with the hardware. Logically, the only true option for the reason of cloud mining is to be a scam.
No. I don't think cloud mining services like Genesis Mining, and Hashflare Mining are scams because they have physical mining hardware working on their mining farms. Maybe some mining sites e.g. IQ Mining.