Post
Topic
Board Service Discussion
Re: Cloud mining - why?
by
jossiel
on 01/06/2020, 10:12:33 UTC
I don't know if there still a legit business now that offers cloud mining but in general, it has a very bad reputation, so stay away. Investing in bitcoin or other potential coins would be better than risking your money in cloud mining.
Viabtc offers it but it says that it's sold out. You can calculate how much profit would be.

https://www.viabtc.com/contract/pricing

Like what others said, cloud mining became a place for scammers that creates the scheme as HYIP today. There's no point in putting your bitcoins there and it's recommended just to keep it on your wallet. I think most newbies are thinking that they are actually mining when they buy unprofitable contracts through cloud mining. They tend to think that they mine and boast it to their friends.