Beware of the following Cloud Mining Services!

Welcome back to LCM Reviews, Website reviewing the best bitcoin cloud mining contract and how to mine cryptocurrency with cloud mining.

Well, today we discuss the topic of Beware of the following Cloud Mining Services!.

Do not forget to read the previous article, about the Best Bitcoin Mining Sites and Comparison.


Previously I never talk about Cloud Best Mining and Reliable, On this occasion I try to review a little bit about the  Service and Site-Site Cloud Mining Scam and compulsory for you to know to avoid.

Let's look further. Cloud service providers Mining companies mostly pay the old customers of new customer contracts that come up. In general, such a concept is the concept of a ponzi.

Furthermore, most of them will ask customers to continue their campaign with referral system program and others. Including these companies actually get free advertising from the customers themselves. Because customers want more than the bid outcome of the referral program. System so that they can run longer. In addition, of course, the company will save jobs that should be borne by the company in terms of building Public Relationship.

So, now we know that, if it turns out Cloud Mining services company was able to pay its customers,  NOT CREATE ANY WARRANTY , that they really do Bitcoin mining.
cloud sites and scam sites do not pay

Do not Believe The bid-offer easy Tantalize
Begin to think intelligently and carefully. Especially if you intend and decide to buy a contract mining. Do not easily believe that the other person deals. Especially if it offers no referral link.

Here are some things that must be considered and taken into consideration. You need to be vigilant if you see some of these things in a mining services provider.

No address mining in the pool.
The point is, if the mining companies are not allowed hashrate you have purchased to be taken directly to the mining pool you want, then most likely they do not do the mining themselves. And it outlines will end the scam. Because basically there is no reason to hide the address of mine.

No photo mining relevant hardware.
If the mining cloud service providers actually do mining, mine of course they have the actual device. At least, it can be seen from the photo images mining tools at their disposal. On the other hand, even this picture is basically also can be faked. So, it can be said, any photo can not be used as proof of ownership of the mining hardware.

Initial public offering (IPO)
IPO is an initial share sale of a company to investors. In the purchase of mining contracts, a company that does not limit the number of sales limit of its hashrate to watch. Unless the mining cloud operated by the ASIC vendor or other vendors.

Referral Program and Social Network
As mentioned above, these referral programs to watch. Especially if there is an offer referrals profit up 10% or maybe more than that. And also ask customers to socialize on social networks. Basically, the company would be very difficult to pay for itself. Such programs are mostly used as a marketing strategy for its operations to be able to walk longer. Most concepts Ponzi use more of this kind of program.

No Endorsement of ASIC vendors or other mining software vendors
Endorsement is the transfer of the rights to others on securities that can be transferred or (negotiable instrument). In the case of Bitcoin mining, this endorsement is the support of the mining equipment vendors. Typically the vendor will be enough to appreciate their active customers. And make a sort of free advertising to help the business growth of its customers. Meanwhile, if the mining company did not have the support of the vendors need to be aware also that the company does not really have the tools to mine.

No Alternative Solutions
If you finally decide on a temporary contract you can not sell the contract, then you will not be able to get your money back. This sort of thing is a common and used in a Ponzi scheme that could run longer.

Operator Anonymous
If the site operators hide behind privatization Whois provider (WhoisGuard), or does not provide the credentials to watch.

Match Bonus program and offer Advantages
If there is a site that provides large profit percentage warranty, it is necessary to be wary of. You can ignore the other things if you find these points. Moreover, if the warranty bid up to more than 10 to 20 percent, or maybe more than that. Basically there is no amount of profit that can be constant or fixed.
Other articles: Reliable cloud mining site
Beware Of Service and the Cloud Mining Sites!
Note: All that was brought admin and written by admin Below is the truth based on experience, and some of these sites have also proven from the review sites big sites like Bitcoin Review and  Bitcointalk .

1. Cloud Mining Scam Sites
Bitcointalk Bitcoin community, mentioned discussion of some cloud service providers mining companies are already collapsing and leaving the user, even they are disabled sites intentionally as innocent of the user. Some of these sites include:
  1.     Newagebank.com
  2.     PBmining.com
  3.     Lunaminer.com
  4.     Bitcoinlabmining.com
  5.     Ecrypto.co.in
  6.     Coinsoncloud.eu
  7.     Cryptomine.io
  8.     Chabatmining.com
  9.     CoIntellect.com
  10.     Hashie.co
  11.     Hashprofit.com
  12.     Minethatcloud.com
  13.     Terabox.me
  14.     GenerateBTC.com


2. Cloud Mining Site To Suspected Current
Currently based admin experience, you must be careful to four mining sites under this cloud, cloud mining sites below will be mandatory for suspicion, because they provide a free mining to get 5GH / s to 10GH / s speed Hashrate.

And to conduct bitcoin Withdrawal / Withdrawal bitcoin have to make a deposit in advance to buy a minimum hashrate speed 5GH / s to 10GH / s, Funny is not it? Already provide free but must deposit to get a payout / pull the mining results.

Here's cloud services is suspect:
  1.     Eligiusmining.com
  2.     Minecloud.io
  3.     Vixice.com
  4.     Cryptomining.farm


3. Cloud Mining Scam Sites & Proven Not Paying
Based on admin experience, here are a mining scam sites and do not pay user, be careful to invest bitcoin on the site below, because they do not pay at all.

  1.     Coinmining.me


4. Cloud Mining Scam Site After First Payout
In addition to a scam site above, there are also sites fake paying usenya, but only once after the initial deposit by the user, they did pay but only once and that too with a number of bitcoin withdrawal minimal on their site, it can be said to be a scam, because the user let alone the capital has not returned a profit
  1.     Startminer.com
  2.     Bitminer.io

Evidence Startminer.com Scam - WD Demand automatically Cancel
Evidence Startminer.com Scam


Evidence Bitminer.io Scam  - WD Demand automatically Cancel
Evidence Bitminer.io Scam

 A few information for  Cloud Mining Scam , Should Suspected Cloud Mining and trusted Cloud Mining Scam After First Payment, I hope there is no benefit, If you have any additional information silahakn put it in the comments.

    Other articles:  How To Get Bitcoin Quickly and Easily


Most popular searches for websites cloud scam sites and does not pay:

Review Startminer Legit or Scam
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Review Vixice Legit or Scam
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Review Minethatcloud Legit or Scam
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