The risk of cloud mining

[Bukatee]

Before you get started with cloud mining, it's important to note the risks associated with it. Firstly, you need to be very careful when selecting a cloud mining website. The majority of cloud mining sites out there are scams, and so it's crucial that you know your chosen site is legitimate and trustworthy. But, don't worry, all the sites listed here are above board!

Secondly, different sites offer different profit margins from the cloud mining process. Changes in the market, such as your chosen coin's value, may affect how much money you can make overall. So, it's important to research the coin you want to mine.

Despite these risks, cloud mining can potentially be profitable and can provide some healthy side income (remember, nothing in crypto is guaranteed, and you could come out with less than you put in!). So, what sites are best for crypto cloud mining?

 

[Victorial]

I think the only risk involved in cloud mining is that you can waste your precious time mining some coins in them and in the end, you will not b paid. Most of them usually crash before you will be paid while some of them will ask you to make some deposit before you can withdraw your mined coins. I have registered with sites like that before and I gave up.

Currently, I am using chainmine and this Is recommended by someone In this forum. I do not know if it pays or not. You will be given a 1Tera hash rate which I think it's too much, to begin with.