Good news, bad news. Update on free cloud mining at Stormgain

Good news, bad news. Update on free cloud mining at Stormgain

By Tomatosoup | CryptoSoup | 16 Sep 2020


Back in July trading platform Stormgain launched a free Bitcoin cloud miner. In my post back then I estimated that it should distribute $10 of trading funds in around 10 days, given diligent attention to pushing the button during waking hours. I'd also posed a few questions about how the cloud miner, and pay outs worked.

Good news

I was credited with $10 in Tether (USDT) to trade with in just 7 days.ย  The screen shot below shows that payment as a balance in the "Active bonus" row.

This is important. The payouts from Stormgain's cloud miner are yours to trade with, but, you can only withdraw the profits on trading. These profits will show on the "Your own funds" row. Its good that Stormgain show this crucial difference clearly.

Stormgain wallet balances

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The bad news

Stormgain are now actively targeting players of the slightly addictive CryptoIdleMiner game, and not doubt other games and sites with adverts like the one below, promoting the free Cloud Mining,

Why is this bad?

Stormgain's cloud miner has a fixed output, so the more people who participate, the lower the payout for every four hour "mining" period.

Logically now, i'd be telling you to not bother joining, to keep my payouts higher. But the payouts are still flowing, so I say, its free cash to trade with, so join now, click the button every four hours and work on upping your trading game without risking your own cash. If you'd use my referral link to join: https://app.stormgain.com/friend/BNS15036878 that would be appreciated.

StormGain advertisement for cloud miner

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Tomatosoup
Tomatosoup

Interested in all things crypto and in tokenization of (almost) everything.


CryptoSoup
CryptoSoup

A mixture of views and news on crypto currencies, distributed ledger technology and a small side order of cryptography.

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