Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: You need to read this if you are still new to crypto space
by
Beparanf
on 07/06/2021, 01:41:28 UTC
⭐ Merited by CryptopreneurBrainboss (1)
If you are a crypto newbie and someone is shilling cloud mining beside you do not give them your ear, no single cloud mining is real they are all scam, a relative came around yesterday and luckily he opened up to me, I stopped him from depositing money on a cloud mining website, they never pays and on the long run they will exit scam on you

Not all cloud mining is a scam. There are some legit company that running this kind of business for a long time ago like Genesis mining and hashflare. The problem on this kind of investment was the ROI is so long that's why you can have more profit if you mine on your own. Most of the scam cloud mining offers a too good to be true ROI for short period of time that's why many people enter the scam company rather than the legit one.

I definitely not recommend cloud mining though. Staking on exchange using stablecoin is far more better than cloud mining.