Legitimate and trusted cloud mining companies of bitcoin mining btc vs eth

Consequently, some users on bitcointalk. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Jordan Tuwiner Last updated January 29, The other element of the pricing is the maintenance fee that should cover the electricity and cooling costs of the mining rigs and deducted daily from the earnings. We will do our best to keep this posted up-to-date. The website provides updates on the mining activity every 60 seconds. However, this trend has been changing of late, especially with bitcoin prices skyrocketing and hitting new highs. Once you enter your account details on this unofficial page, the scammers have everything they need to log in to your real account and steal your funds. Micro-BTC is one of the most beginner friendly cloud bitcoin equity exchange bitcoin real time websites. Putting it in simple words, bitcoin mining is the process by which new bitcoins are generated. This is omisego stock price claymore settings ethereum because NuVoo depends not only on its own miners located in the Canadian territory, but also on the private miners who are paid by NuVoo. In case users does not want to sign up right away, it worth checking the FAQ section and the Terms and Conditions pages to see whether it has information on the prices and fees. NuVoo is a Canadian cloud mining company that mine Bitcoin in cloud without hardware and no maintenance costs. There's also a one-time fee for purchasing hashing power with a particular host. Hashflare is a subsidiary of Hashcoins, another manufacturer of Bitcoin mining equipment which has been around poloniex how to buy str deposit into poloniex Yes, it is possible to mine for Bitcoins in the Amazon Cloud - but it is strongly advised to not do so. Notably, this has taken place with somewhat legitimate and trusted cloud mining companies of bitcoin mining btc vs eth a vindictive attitude. While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. The location of a pool does not matter all that. These devices are often quite expensive and tend to cost a lot of money. Grab a cheap USB miner and run it at home. Due to security reasons, the cloud mining providers block erupter usb driver broadcom videocore iv hash hashrated disclose the exact location of the farms, to protect the equipment from damages and theft. About Cloud Mining Companies There are many cloud mining providers on the market who offer wide range of services.

What is a Mining Pool?

You can read more about Genesis Mining on their about page. Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Beginner's Guide to Cryptocurrency. While Bitmain is based primarily in China, Hashnest has mining farms around the world, which benefit from low cost electricity. For those looking forward to mine for Bitcoins using cloud mining - it is best advised to check out our list of the best cloud mining websites of and join any of these services. Contact Details: Finder, or the author, may have holdings in the cryptocurrencies discussed. This website provides multiple options when it comes to the cryptocurrencies you can mine for using their platform. Hashflare is a subsidiary of Hashcoins, another manufacturer of Bitcoin mining equipment which has been around since Use a cold wallet. Solo mining means you mine for bitcoins without joining a pool.

A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that, most up to date cryptocurrency news geocoin coinmarketcap they are currently operating, there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation. If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool. HashOcean and Bitcoin Cloud Services. The website is neatly laid out and also offers a fee estimator to allow you to calculate daily profits in exchange for the hashpower you purchase. Subscribe to CCG Mining. Based on the amount of hash power you rent, you will earn a share of payments from the cloud btc mining tool cloud mining meme company for any revenue generated by the hash power you purchased. Buy Bitcoin Worldwide is for educational purposes. Come on,those were the old days. Virtually Hosted Cloud Mining: In just the last few months, two cloud mining scams were uncovered: A trusted name when it comes to cloud mining, Cryptocurrency other than bitcoin easyminer bitcoin tutorial has been around for quite some time and has reasonably priced bitcoin cloud mining plans. The Price of the Bitcoin: If these are sold out you can also try out Hashing24's auction feature which allows you to bid on hashpower from existing customers. Bitfury currently mines about 3. On closer inspection, the Twitter account was revealed to be bogus and not associated with McAfee at all.

What is cloud mining?

What do other users say about the website? We also show you how to mine Bitcoins 1. If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool. This loosely translates as 6. The high costs of running and maintaining a mining operation is what makes cloud mining a more appealing option for many miners. The reason there are so many cloud mining scams is because it is very easy for anyone in the world to setup a website. However, the website does charge some additional maintenance charges which they specify at the time of the purchase of the plan. Georgia is home to BitFury , one of the largest producers of Bitcoin mining hardware and chips. We recommend staying away from this pool. The site is very reliable, the prices are quite affordable and the company, based in London, has a team of professionals that offers a range of services including cloud mining and hardware sales contracts for those who choose to undermine own. The other element of the pricing is the maintenance fee that should cover the electricity and cooling costs of the mining rigs and deducted daily from the earnings. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. There is not much to compare, because we personally do not recommend buying any clooud mining contracts so we will not spend the time to compare the two companies above.

However there are some company on the bitcoin pool free ethereum password who offers services for other altcoins under scrypt and X11 algorithms as. At the moment this is the cheapest service. While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. The US is home to 21 Inc. Bitcoin in how to transfer bitcoin from poloniex to coinbase how to buy ripple with litecoin on kraken months continue with signs of life! Jordan Tuwiner Last updated February 7, Come on,those were the old days. A legit cloud mining operation will always provide a legitimate contact address, e-mail and even phone numbers in some cases. A Ponzi scheme is a simple but alarmingly effective scam that lures in new investors with the promise of unusually high returns.

Our guide to how to spot bitcoin scams and stay safe when trading and using cryptocurrency.

Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity. In these days, they have activated a new promotion with a limited offer: When the principal is not fully paid back, it will share profit with buyers. Eobot's site did not play nicely with our ad-blocker on registration, forcing us to use another browser. Beginner's Guide to Cryptocurrency. Two-factor authentication is also enabled by default, meaning that in order to access your account, you need to provide a code sent by email as well as your password. The list below details the biggest Bitcoin mining pools. Choose Provider 3: This can significantly reduce the earnings from the mining activity if their pool is not profitable enough. Many only have Chinese websites and support. Some provider offers better unit prices if more hashing power is purchased, others just price bigger contracts just like small ones. Genesis Mining is a Hong Kong based company although its founders are from Germany and attend many Bitcoin conferences. At current levels, these amount to BTC more per block. However, for those who want a different power or a different time limit, they have the option to create a custom plan and would be priced accordingly.

Overall Conclusion Participating in cloud mining is a great way to earn some side income as well as a fun way to obtain cryptocurrencies. Contract Price: The list below details the biggest Bitcoin mining pools. What is cloud mining? Bitfury currently mines sha256 ip core for bitcoin newegg bitcoin exchange rate not accurate 3. In case users does not want to sign up right away, it worth checking the FAQ section and the Terms and Conditions pages to see whether it has information altcoins withdrawal murano cryptocurrency the prices and fees. But most likely you will have to pay income tax on income from mining pools just like you would for any other type of income. Watch out for scams Exclusive coin bittrex coinbase new phone authenticator Decemberthe chairman of the US Securities and Exchange Commission SEC issued a statement about the lack of investor protection for those buying cryptocurrencies: Ponzi or pyramid schemes Malware Mining scams Pump and dumps. The more the hash rate, the higher you would have to pay. Hashnest was launched in by Bitmain, which is a world-renowned manufacturer of ASIC mining hardware.

Common bitcoin scams (and how to avoid them)

HashNest allows you to choose your mining equipment, all of which best rated bitcoin exchange bitcoin how to create a paper wallet securly AntMiner devices, created by Bitmain. The Hashing24 team claims to have been involved in Bitcoin mining sincealthough the website itself has only been around since This is where large groups of buyers target an altcoin with a mobile bitcoin mining waht is changelly exchange crypto market cap, buy that coin en masse at a particular time to drive its price up which attracts a whole lot of new buyers fueled by FOMO — a fear of missing out and then sell to take advantage of the give free erc20 tokens mine shift coin price rise. Beside cloud mining at some platforms users can also sign up for special features Eobot offers cloud SETI program to run the PC power to find aliens in the space. Your total pay-out will depend on the mining pool you've chosen and how much hash power you've allocated to it. At the time of writing Bitcoin, Dash and Ethereum mining contracts were available for purchase, although this will likely change later in the year. However, there are also plenty of cloud mining scams out. With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins. If you're new to cloud mining, you can also use Hashing24's demo mode to simulate a Bitcoin mining contract to see how much you might earn. In this type of cloud mining operation, you get to lease an actual, physical machine provided to you by the cloud mining service provider. If you want to try the cheapest Cloud Mining service, Nuvoo is the answer. Many providers does not disclose the price of the contracts before registration on their landing page.

Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. It is a site which you can physically visit and verify that the cloud mining service provider actually exists. Eobot's site did not play nicely with our ad-blocker on registration, forcing us to use another browser. A legit cloud mining operation will always provide a legitimate contact address, e-mail and even phone numbers in some cases. Prospective clients however must pay attention to where they sign up to cloud mining services as there are many scammers and ponzi scheme available online. This is not true! For those wanting to invest in hyip or ponzi schemes: I like thise site to help me. Before you choose the best bitcoin cloud mining website that suits your needs, you need to consider the following factors which have a major impact on your ROI in cloud mining:. Best Bitcoin Mining Hardware. Sooner or later, the scheme collapses when the promoter runs off with the money or it becomes too difficult to lure new investors. Short-Term, Experimental Mining: Genesis Mining A well-established and highly popular cloud mining firm. If you want to mine Ethereum, Hashflare is for you, the difficulty of Minining of Ethereum has collapsed in the second half of Once you enter your account details on this unofficial page, the scammers have everything they need to log in to your real account and steal your funds. BTCC evenly splits the transaction fees among its miners, just like it splits the See more Cloud services news. Cloud mining is the process of buying CPU power from dedicated data centers who use their own equipment to mine cryptocurrencies such as Bitcoin BTC on your behalf. Thank you senguttuvan.

Pool Concentration in China

At the moment this is the cheapest service. Does the site feature bad grammar, awkward phrasing or spelling mistakes? However, it charges an additional fee for electricity and maintenance. Contract Price: The high costs of running and maintaining a mining operation is what makes cloud mining a more appealing option for many miners. Who is the registered owner of a domain or website? You're also free to choose your own mining pool. Are there any negative reviews and, if so, what do they say? Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability US, Germany, China etc. You need your private key to access your crypto holdings, so make sure you never disclose any of your private keys to a third party.

Short-Term, Experimental Mining: We strongly recommend new miners to join Slush Pool despite it not being one of the biggest pools. Yes, it is possible to mine for Bitcoins in the Amazon Cloud - but it is strongly advised to not do so. It is always advised to look up for other options and compare the best bitcoin cloud mining websites to compare how their contract prices compare. Simply put, bitcoin cloud mining is the process by which you will ethereum rise again bitcoin price range outsource your mining operations. The main advantage of this approach is how did bitcoin get started or created ethereum byzantium mining you don't need to have in-depth knowledge of mining hardware, nor buy expensive and hard-to-obtain devices. The important thing to remember is to do your due diligence before providing any personal or financial information to any website or app. The website has a Payouts section which you can use to monitor how much you've mined. Antpool mined its first block in Marchmeaning that it emerged roughly four years after the first mining pool; Slushpool. Many providers just list general mission statements and nothing specific about the background of the firm, such as owners, founders or executive officers. If you have not yet begun to mine ethereum or want to diversify your investment strategy, this is undoubtedly one of the best options. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power.

Best Bitcoin Cloud Mining Websites

Two-factor authentication is also enabled by default, meaning that in order to access your account, you need to provide a code sent by email as well as your password. Just Want Bitcoins? Watch out for scams In Decemberthe chairman of the US Securities and Exchange Commission SEC issued a statement about the lack of investor protection for those buying cryptocurrencies: Simply put, bitcoin cloud mining is the process by which you can outsource your mining operations. OxBTC and Bitminers pays interest on bitcoin deposits. Grab a cheap USB miner and run it at home. Bitcoin cloud mining cuts down on the biggest cost associated with mining - the cost of purchasing mining equipment. Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing. Altcoins to buy investing com bitcoin chart you have decided to mine Bitcoin ways to sell bitcoin for cash bitcoin craze other cryptocurrencies in a legit way, without hardware and quickly, you will have to rely on secure services. Also Read:

There are many cloud mining providers on the market who offer wide range of services. You pay the company and rent out some of the hardware. This is considered to be among the best cloud mining websites because of its instant payouts and for the fact that it comes with no additional or hidden fees. Come on,those were the old days. Just find an exchange in your country and buy some bitcoins. TechRadar pro IT insights for business. We gathered some cloud miners based on the most important criterias. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. At the time of writing Bitcoin, Dash and Ethereum mining contracts were available for purchase, although this will likely change later in the year. Many only have Chinese websites and support. Some promise astronomical and implausible returns and fail to disclose a range of hidden fees, while others are fronts for Ponzi scams and are simply designed to part you from your money. Bitfury currently mines about 3. Antpool is run by Bitmain Technologies Ltd. BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all integrated partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together.

Ask an Expert

Register at NuVoo now and try the service. There's also a one-time fee for purchasing hashing power with a particular host. With mining becoming popular, cloud mining too, is getting a lot of attention. Mining, once done on the average home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware. We strongly recommend joining Slush Pool instead. These apps have even made it into official, legitimate app stores like Google Play, so it pays to do your research before downloading anything to your phone. It also worth doing a quick search whether the cloud mining names are coming up on and forums as unsatisfied customers are usually very loud in terms of complaining. OxBTC and Bitminers pays interest on bitcoin deposits. First, you need to acquire Bitcoin mining hardware. Satoshi Labs runs Slush Pool. Jordan Tuwiner Last updated January 29, The size of mining pools is constantly changing. ViaBTC is a somewhat new mining pool that has been around for about one year. However, this trend has been changing of late, especially with bitcoin prices skyrocketing and hitting new highs. As of January , Hashflare has also temporarily suspended new Bitcoin withdrawals due to a large number of unconfirmed transactions. Bitmain also operates one of the largest mining pools in existence: You need your private key to access your crypto holdings, so make sure you never disclose any of your private keys to a third party. Learn more about some reputable bitcoin cloud mining providers. By posing as a legitimate exchange and passing itself off as a branch of KRX, a large and reputable trading platform, it was able to ensnare innocent users. Basically, clients are left in the dark.

The bitcoin cloud ethereum wallet not enough gas dispute bitcoin transaction companies charge you a contract price which may, or in most cases, may not include the cost of electricity. Email — contact cryptoground. Bitcoins are getting increasingly popular with every passing day. Antpool is a mining pool based in China and owned by BitMain. At the time of writing, only Ethereum mining contract was available, all others were out of stock. It offers instant payouts and does not charge an additional how to get xrp cryptocurrency wallet coinbase invite friends fees. The other element of the pricing is the maintenance fee that should cover the electricity and cooling costs of the mining rigs and deducted daily from the earnings. Mining software is something you download on your computer. These apps asked Poloniex users to enter their account credentials, thereby giving fraudsters a way to perform transactions on behalf of users and even lock victims out of their own accounts.

It has a well maintained website and the social networking pages linked to the site are always updated. Best Bitcoin Cloud Mining. The other element of the pricing is the maintenance fee that should cover the electricity and cooling costs of the mining rigs and deducted daily from the earnings. Register Here to start to mine ethereum. Some promise astronomical and implausible returns and fail to disclose a range of hidden fees, while others are fronts for Ponzi scams and are simply designed to part you from your money. Bitcoins are getting how to mine bitcoins from your phone transfer bitcoin back to cask popular with every passing day. It is a site which you can physically visit and verify ripple to usd graph bitcoin slaves the cloud mining service provider actually exists. You need a wallet to receive payouts to. New to Cryptocurrency? This post has you covered. Many of these companies either source their own equipment or build it cheaply and have placed their data centers in countries like Iceland and China where electricity is cheap, passing the savings on to you. By posing as a legitimate exchange and passing itself off as a branch of KRX, a large and reputable trading platform, it was able to ensnare innocent users.

TechRadar pro IT insights for business. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. It is particularly beneficial for those living in regions where the cost of electricity is quite high as cloud mining operations are usually based in countries where the cost of electricity is low. First off, it is against the terms of service of Amazon and the company may shut down your account. When the principal is not fully paid back, it will share profit with buyers. The high costs of running and maintaining a mining operation is what makes cloud mining a more appealing option for many miners. Follow Crypto Finder. This is where large groups of buyers target an altcoin with a small market cap, buy that coin en masse at a particular time to drive its price up which attracts a whole lot of new buyers fueled by FOMO — a fear of missing out and then sell to take advantage of the significant price rise. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. What do other users say about the website? Follow this link and enter the Code: Many scammy companies tend to use fake addresses and phone numbers, which immediately raises a red flag about their credibility. The pricing range of cloud mining is very wide.

Avoid new and untested platforms. However, the website does charge some additional maintenance charges which they specify at the time of the purchase of the plan. This may seem like a lot but unlike other pools it shares the transaction fees with its miners. Ethereum, ZCash and Dash contracts are not subject to any maintenance fees. We hope this article helps you make a better, well-informed choice on choosing the best cloud mining website which suits all your needs. The crypto community is usually pretty quick to spread the word about scams. Does the website promise abnormally high returns? Quick Tip Cloud mining is not the fastest way to buy bitcoins. Another bitcoin wallet official site xrp big news reliable site is Genesis Mining. We strongly recommend joining Slush Pool instead. TechRadar pro IT insights for business. Just Want Bitcoins? The simple interface combined with Genesis Mining's solid reputation has meant that at times the company cannot keep up with demand for mining contracts which tells a bitcoin gladiacoin bitcoin mining with blockchain of its. Genesis Mining A well-established and highly popular cloud mining firm.

Register Here to start to mine ethereum. Join our mailing list to get regular Blockchain and Cryptocurrency updates. However, if the price halves, you can end up losing money on your cloud mining operation. What do other users say about the website? Moreover, the process also generates a large amount of heat. Eobot offers mining contracts either for 24 hours or ten years. Here is an overview about such investment sites running at the moment. Before you choose the best bitcoin cloud mining website that suits your needs, you need to consider the following factors which have a major impact on your ROI in cloud mining:. For those looking forward to mine for Bitcoins using cloud mining - it is best advised to check out our list of the best cloud mining websites of and join any of these services. It offers three packages that users can purchase where the investment is divided as follows: Jordan Tuwiner Last updated February 7, Does the website promise abnormally high returns? Cloud Mining is getting more profitable than ever before - but to attain its true potential, it would require bitcoin prices remaining stable - or even growing higher. The website is neatly laid out and also offers a fee estimator to allow you to calculate daily profits in exchange for the hashpower you purchase. Bitmain also operates one of the largest mining pools in existence: In case users does not want to sign up right away, it worth checking the FAQ section and the Terms and Conditions pages to see whether it has information on the prices and fees. Follow Us. Combined with the photos of a handful of data centers on the Hashnest website, this is persuasive proof that the company is legitimate. Another option is to rent a VPS Virtual Private Server or a real server at a webhosting company and start to mine specific coins on your own real or virtual machine.

If you need help deciding, I suggest you take a look at our hardware and software guides. At this time, Antpool keeps bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool. First, you need to acquire Bitcoin mining hardware. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options cheapest place to purchase ethereum with usd how to find my wallet address on coinbase or any other form of derivatives trading. They can also provide information on the overall scale of the cloud mining business as the more machines they have, the more hashing power they can sell over the cloud. The crypto community is usually pretty quick to spread the word about scams. Best Bitcoin Mining Hardware. What do other users say about the website? On closer inspection, the Twitter account was revealed to be bogus and not associated with McAfee at all. Genesis Mining charges additional maintenance fees. Crypto chat box zcash highest price cryptocurrency, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Bitfury currently mines about 3. Is the owner hidden behind private registration? There is not much to compare, because we personally do not recommend buying any clooud mining contracts so we will not spend the time to compare the two companies. There is no way to determine the profitability of cloud mining contracts. Bitmain also operates one of the largest mining pools in existence:

The company can act legit by sending initial payments to its customers. Bitfury is a private pool that cannot be joined. This is a good way to help you understand some of the concepts behind cloud mining, but won't necessarily let you project future profits, as mining difficulty and BTC price will vary over time naturally. Visit Hashing The location of a pool does not matter all that much. You do not have to invest in buying mining equipment or about keeping the device cool and various other maintenance charges. Basically, clients are left in the dark. Discount Codes Hashflare. We will do our best to keep this posted up-to-date.

Which Companies Are Not Scams?

If your cloud mining service provider is based in a country like China or Iceland where the price of electricity is cheap, you have a better chance of making a higher profit than compared to if your mining service provider was based in a country where cost of electricity is higher. The SHA algorithm is also slower than compared to Scrypt-based mining. One thing that anyone getting involved in cloud mining operations must know is that the world of cloud mining is full of scams. Georgia is home to BitFury , one of the largest producers of Bitcoin mining hardware and chips. The bitcoin cloud mining contracts usually range between as low as 6 months to as high as 36 months. Some promise astronomical and implausible returns and fail to disclose a range of hidden fees, while others are fronts for Ponzi scams and are simply designed to part you from your money. Without miners, Bitcoin would be vulnerable and easy to attack. Most legitimate mining companies always provide the details of their hashing power and never claim that they have unlimited processing capacity. The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like Slush Czech Republic and Eligius US. So I have upgraded my contract, and for now it is still very profitable. There is not much to compare, because we personally do not recommend buying any clooud mining contracts so we will not spend the time to compare the two companies above. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. The list below details the biggest Bitcoin mining pools. Aditya Worah is a former advertising professional, a freelance tech writer and a cryptocurrency enthusiast. Cryptos may be based on new technology, but there are still plenty of scammers using old tricks to con unwitting consumers. Hashnest was launched in by Bitmain, which is a world-renowned manufacturer of ASIC mining hardware. Bitcoin miners are crucial to Bitcoin and its security. Bitfury, the company, makes its own mining hardware and runs its own pool.

Short-Term, Experimental Mining: Updated to The mining facility is the heart of a cloud mining company. Plan-C offers a refreshing mix of multiple cryptocurrency related services which include cloud mining, cryptocurrency trading, as well as investment into getting minergate to run on windows 10 gatehub 2 step verify ow to. Coins Supported: If you want to try the cheapest Cloud Mining service, Nuvoo is the answer. All plans are paid with a one time payment and are lifetime contracts:. Visit Hashflare. With the rise in the popularity of bitcoins, there has also been quite an active interest in bitcoin mining.

The main problem with this type of investment is to make a good decision choosing a reliable site. Many people get mining pools confused with cloud mining. But most likely you will have to pay income tax on income from mining pools just like you would for any other type of income. This is considered to be among the best cloud mining websites because of its instant payouts and for the fact that it comes with no additional or hidden fees. CCG Mining operating in the sector for many years. We gathered some cloud miners based on the most important criterias. I am considering new investments, and it will be in GM. However, in it was the target of a sophisticated scam that saw at least three fraudulent Poloniex trading apps listed on the Google Play store. While it is often speculated and debated in crypto-communities, the returns on cloud mining are highly dependent upon the price of the currency you are mining. It depends what your goals are with cloud mining. Many people read about mining pools and think it is just a group that pays out free bitcoins.