Good-Guy
VIP Contributor
There are many people who believe that they could mine cryptocurrencies by "purchasing" cloud mining contracts and plans on various online mining websites. These cloud mining sites often offer many subscription packages to their investors and they claim that they offer a share of cloud mining profits with their investors.
The fact of the matter is that some cloud mining sites even claim to offer bonuses to their investors as well in case they deposit a certain amount of money or purchase a plan that requires them to invest a lots of money in the end. Apart from that, many cloud mining projects also offer commissions and referral bonuses to many people who are capable of inviting investors.
The fact remains that I believe that almost 99 percent of all of these cloud mining sites are clear scams. The very first problems with them is the fact that they are clearly not regulated by any kind of governmental institute. This is one of the main reasons why they get away with all the money. So, in case a cloud mining website fails to produce any proof of them being regulated by the government, then you could assume that they are a scam. So, what are some of the other signs of a scam cloud mining project?
The fact of the matter is that some cloud mining sites even claim to offer bonuses to their investors as well in case they deposit a certain amount of money or purchase a plan that requires them to invest a lots of money in the end. Apart from that, many cloud mining projects also offer commissions and referral bonuses to many people who are capable of inviting investors.
The fact remains that I believe that almost 99 percent of all of these cloud mining sites are clear scams. The very first problems with them is the fact that they are clearly not regulated by any kind of governmental institute. This is one of the main reasons why they get away with all the money. So, in case a cloud mining website fails to produce any proof of them being regulated by the government, then you could assume that they are a scam. So, what are some of the other signs of a scam cloud mining project?
