Post
Topic
Board Speculation (Altcoins)
Re: Cloud mining still profitable?
by
wxxyrqa
on 04/11/2020, 10:57:27 UTC
You shouldn't trust cloud mining applications or websites, many of which have been reported scams in the past few years. If you haven't yet participated in it, you should give up this thought because they usually disappear in a short time.
also this reason that over the years cloud Mining has been tagged as scams and many victims cried tears in this forum and even outside about their experiences.
[/quote]I completely agree with you that the stigma of a fraud has long been imposed on cloud mining and there is no reason to trust this or that resource. But nevertheless, apparently someone else is able to deceive users, since such sites are still advertised. And even if we assume that for those people who do not understand the choice of equipment and whose country has a high price for electricity, then Cloud mining can in fact be a good choice. But almost all resources are built on the principle of a financial pyramid, because the first users make a profit at the expense of new users who came and at a certain moment the Scam bursts.