Questions About Cloud Mining Sites or Cryptocurrency Mining Apps

[Toni442]

There are so many cloud mining sites and mining apps that are no longer around. So, what are the obvious indicators that sites and apps like those, are fake? And, what are the not so obvious signs that they are not genuine?

Also, what has your experience been with real cloud mining sites or apps? How can you tell if they are genuine?

 

[saoussen5765]

Let's explain the concept if this is your first time using a mining app or mining software.
To mine Bitcoin or any coin you need to buy equipment to do the mining and not just install an app that requires by hash rate and uses old users' funds to pay new ones without mining in reality.
Few ones are legit like CryptoTab, Peer2Profit, HoneyGains, Earn App but they use your unused internet data for reverse. Any site purposing buy hash rate establish point system means for example could not cash out more than 30 % from what you deposit and 20 % from what your affiliate deposit and this is just a script no cloud mining at all.