Quote from: Beparanf on June 07, 2021, 01:41:28 AM

Quote from: Balladtony77 on June 06, 2021, 06:52:19 AM

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.

Hashflare later turned scam and genesis mining closed down because mining isn't profitable anymore, if I'm wrong why aren't this companies running till date? The only legit cloud mining service I know then is EOBOT, it lasted longer than many others and have been around before hashflare and others