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Trusting cloud mining sites


Kate

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  • 2 weeks later...
Posted

I would never trust a cloud mining site, and really don't think I would put money into a mining site but I have used one in the past to mine a little Eth but It was not really worth it so eventually stopped. But yeah never a cloud mining site :)

Posted

Well, eobot is legit but you might need many calculations and a proper coin to choose that it will mine, I did mine some EOS which was a good investment and i came up profited. Eobot became better since they added recently GHS/5 which mines faster with a lower fee, now they are about to add GHS/6 which will make eobot way stronger than it is and I guess ill be giving more money and time there.

Posted
On 4/13/2019 at 4:13 PM, lolland2k said:

i don't invest in cloudmining sites. one site scammed me. I dont trust cloudmining

Yeh it is understandable why not to trust cloudmining sites because 99% of them are surely ponzi scheme where they just pay at first and then stop , but which was the site that scammed you ? 

Posted

The answer is very short..... not a single one. 

There are a couple that are around for quit some years like genesis mining but it is very hard to get some positive returns from them. I purchased a mining pack twice over there and my packages ended even before I got any profit made. I made some profit based on $ value but not in crypto.

If I was you I wouldn't get involved in any cloud mining business. 99% are fake and are just hidden Ponzi shemes. you can consider any service that offers over 0.1% daily return as a scam. cause real mining hardly returns you that daily so why would a cloud mining service be able to pay you returns of 0.25-0.5-1% daily. 

If I was you I would rather get involved in trading crypto. its much more lucrative and if you know what you are doing you will make good money out of it. I am talking out of experience. I quit my job 5 years ago and since then I am supporting my family ( wife, 2 kids and 2 cats) with my trading earnings. and it lets me save a lot of money beside that as well. 

I even was able to purchase a house without taking a mortgage pure with profits I made with trading.

Posted

 

I tried several different ones, I want to say that most of them are honest. But they pay little. If you see crazy amounts every day or demand a deposit, pass by. On the Internet there are ratings of such sites.

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