Thursday, 22nd October 2020
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Is Cloud Mining a SCAM?!?!

Cloud mining services such as Genesis Mining, Hashflare, and NiceHash are always spammed in the comments with their affiliate codes, but are they a legitimate way to earn cryptocurrency? Can you actually make money from them? Are they a scam?

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Thanks to Tancrid “Tank” Muller for writing this video!


28 thoughts on “Is Cloud Mining a SCAM?!?!

  1. Report all bitcoin types of bitcoin and investment scams to chargebackguaranteed. If your bitcoin has been stolen or you are a victim of a cryptocurrency scam report to chargebackguaranteed. Check them on trustpilot by searching chargebackguaranteed.

  2. Ppl who know the most about the risk of mining cryptocurrency is the mining company itself. Cloudmining seems like a process in which the company is dipersing the investment risk to customers in form of contract mining. Now if theyre confident with the output of mining n price, why would they outsource or ask ppl to join the investment?

    Thats why the hashing power offered does not match the amount of investment. Thats because its for the company to fund the mining and also made some extra from ppls investment (should the currency drop in value or mining doesnt work as predicted)

    U shud think, if theyre confident it wud work out, they wouldnt offer to share with you. And they do know more abt the mining and the market price fluctuation than you

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