Quote from: coin-investor on May 29, 2019, 11:33:30 AM

Quote from: Baofeng on March 13, 2019, 08:05:19 PM

Quote

https://www.reddit.com/r/Bitcoin/comments/b09lxr/beware_nuvoo_is_refusing_to_payout_mined_btc/

I really don't understand, it's already 2019 and people are still believing that cloud mining is still one way to earn and the best way to invest your money??? *face-palm*..

Cloud mining was over since 2017, but there is still a lot of cloud minings, they are targetting newbies who do not know that the cloud mining is just a Ponzi scheme and there are really no mining rigs to show investors, I'm also surprised that so many ICO are cloud mining based.

It was over even before that. The real big year for cloud mining was 2015 and it was just next year 2016 when most of them collapsed because it wasn't profitable to mine and contracts were bought months before when Bitcoin was worth more so people were expecting profits that were impossible to achieve in bear market.

Some cloud minings were ponzi schemes and some just couldn't deliver.