Trust Issues? Cloud Mining? I Don't Blame You!

Trust Issues? Cloud Mining? I Don't Blame You!

By XTRM™ | Beta Testing Lab | 1 Dec 2020


Far from it for me to straight out cast every single website or service on the Internet into the 'Genre Le Scam' would be a bit harsh... but I am going to put the whole category of 'Cloud Mining' for sure in the 'Go Forth With XTRM Caution' file... almost File-13 (The Garbage).

Having taken quite a number of Cloud Mining services into my Test Lab so to speak, up to now I have not found a single offer of Cloud Mining profits, to be exactly that... profitable - albeit at low level investment... but taken into account many factors including hidden fees, some wallets or exchanges having deposit fees, and the small yet tedious fact that 95-percent of the Cloud Mining Websites I have subscribed to simply disappeared off the face of the Interwebs all together, I am finding it hard to trust even the most accredited Cloud Mining services.

This is not an article or report into any particular Cloud Mining service, I am sure many of you reading this know of many such promises of huge mining rigs set up in some high-tech unit somewhere in Silicon Valley... that charge a monthly fee for (x) amount of terabytes of mining power... usually on a contract system for 3-months to years.

I don't know about you but I am starting to want a bit more evidence of these huge servers and high-tech facilities. Call me a skeptic... but my trail of thought in respect to Cloud Mining right now is one of trust. I need evidence of the facilities, video proof with company literature at every turn. I need office addresses that are checkable, I want more than one month proof of contract services... I want contracts to be legally binding let alone checked and sealed. 

Judging the actual scams from the real deal in the world of Cloud Mining is becoming more and more difficult due to the increasingly savvy use of technology at the hands of cyber criminals - there was a time in which the principle of all the websites look the same, grammar and spelling mistakes a plenty - often leading to the same address in London, United Kingdom - yet with clear Russian links to other services and such... including mugshots of fake owners. Trying to find some of these owners and fake clients on Faceshmuck or Instabrandyourself can be fun.

Just be very wary and do some proper digging around investigating a Cloud Mining profit promise. You absolutely must check everything to the last detail. Even ask a question via Customer Support. This can give an indication on scammyness largely depending on a reply *wink*.

Any savvy developer with a malicious mindset out to fraudulently aquire cryptocurrency or cash can build a website with tickers and algorithms that emulate exactly the experience of Cloud Mining usage, however not actually be connected to a cryptocurrency mining server at all. 

No promotions here... just go with extreme caution - any tips for readers would be appreciated in the comments.

Thanks

XTRM

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XTRM™
XTRM™

Cryptocurrency Investigator - XTRM™ PR - Taking a laid back look at Crypto while sneaking up on the Cryptocurrency Bad Guys. All investigatory reviews are my own findings during testing - Dig a little deeper! If Carlsberg made Crypto Blogs!


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