Cloudmining start ups have been appearing all over the Bitcoin empire which operates on the global scale. Cloud mining companies offer tantalizing deals with Gh/s sold at dirt cheap prices. This has proven to be the downfall of many new adopters of Bitcoin as the hardware required for Bitcoin mining is particularly expensive costing around $1000 plus in most making it impractical for most people. This has spawned the rise of cloud mining with many legitimate companies being launched to aid you in the world of Bitcoin. However some of the recent and much smaller startups have been set up with one purpose, and that is to scam you of your Bitcoins by offering you prices that you can’t resist. On the other hand TimeToBit, a established and large cloud mining service has been unmasked as a fraud.

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