How to Identify a Bitcoin or Ethereum Cloud Mining Scam?

 

 Bitcoin and ether mining is getting quite popular these days. More and more people are starting to deal with these new money backing methods. However, because of these great ways to invest and to get some great profit back, there are scammers that are thinking that they can use this to make money out of people. Scamming them in other words. It is important to make sure that you know how to identify these scams in order to be able to avoid it.

Look at the site for any clues like not having a registered domain

The first way that you can identify ethminer scams, is to look at their website or domain. There are normally a couple of clues that the domain is a fake. The first thing that you should look for is if the domain is registered. Only registered domains are legal Ethereum and Bitcoin sites.

The site will also not look as professional as the other sites that you can buy and exchange ether and bitcoin. The problem is that many people are ignoring this fact, and they are regretting it at the end of the day.

The offerings there are too good to be true

Bitcoin and Ether mining isn’t a get rich scheme. There is no way that you are going to make money overnight. And, if the offerings that they are selling or offering at the site, sounds too good to be true, then you should rather leave it.

You need to make sure that you are doing research so that you can know that the domain that you are going to use, or person that you are dealing with is true and legit. Don’t fall for the information that you are going to make it big in the bitcoin or Ether mining dealings.

They are promising results and a percentage of profit

It doesn’t matter if you are going to deal with bitcoin or become anEthminer, this isn’t some that are guaranteed. And, no one can make that promise. If you are getting someone that is promising you that you will make a huge profit and not have any problems with losing profit, they are fake. See why?

There is no such a thing as guaranteed bitcoin or ether mining profit. And, those that are telling you that, should make you run away.

Using fake promotions without giving proof

Be really careful with those fake promotions that are making ether mining so easy. They are only paying people to promote their site. Without given proof, they will not have a food to stand on, and they are scammers that are trying to fool people and to steal their money.

With bitcoin or when you are becoming an ethminer, you need to make sure that you know about the scams that you can get online. Too many people have fallen for these scams, and they didn’t get their profit, but just losing everything they have. Be really careful and do your homework before you are starting to start your ether mining, here: http://www.ethermining.com/…