Quote from: manchester11 on October 03, 2017, 07:35:49 PM

I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that

I would just like everyones opinion on it if that is ok

So is cloud mining a scam yes or no

Reasons why appreciated

Many Thanks

Almost all are scams or ponzi always or some dont even work but some works but it is not profitable wasting time and rigs to that business electric bill will increase as well you cannot even have your capital on starting even in 2-3 months truly a waste of time only certain coins can be mined and as i said so not profitable but if you have mine earlier in year it would have been easy and profitable that time but this kind of work is just like faucets

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