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Cloudminingindex Review: Is Cloudminingindex yet another Scam?

Cloudminingindex Review: Is Cloudminingindex yet another Scam?

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Cloudminingindex or CMI provides Crypto currency trading and mining services as well or at least this is the claim that we find on their sales page. Their service is allegedly suitable for new miners and experienced ones who desire to make more Crypto currencies. They allegedly mine altcoins because Bitcoin is so competitive since mining difficulty is always rising. But if they mine altcoins, users can always convert their returns into Bitcoin and cash out. That way, CMI believes that their operations can be profitable. What is more, they tell us that they have invested in over 400 mining farms across 17 countries. If this is true, it can be a very big investment on their side.

But we do not believe these claims since the site has not received any user endorsement yet. Besides, if they say that they have over 400 mining farms in 17 countries, they should be able to emerge the most popular Crypto currency cloud mining service provider on the internet today. The reason why Cloudminingindex has never made it to this list of the best Crypto currency cloud mining operations on the internet is because their reputation is somehow not straight plus the fact that they are new to this industry makes people scared of investing with them.

Therefore, if you came here because you felt confused on whether or not to invest with Cloudminingindex, this review will answer your questions and help you make an informed decision on whether to spend your money on this project or not.

Cloudminingindex review

Cloudminingindex maintains this Facebook page which has over 2k members. Surprisingly, the engagement is very poor, which convinces us that these likes are probably not legitimate. Moreover, out of the 2K likes that they have received, only one person is recommending investing with this company. Now, that is evidence that those numbers are not real. It appears Cloudminingindex wanted to create the impression that they are a popular Crypto mining company even when that is not the case.

They also tell us that they have since implemented the strategy of mining altcoins rather than confronting the saturated Bitcoin mining market. They also believe that their smart and unique technology will guarantee more profits at the end of the day. Their mining rigs are also optimized for maximum performance and they believe that when a customer purchases their investment plan, they will start mining immediately.

The site is also stating the usual advantages of mining in the cloud with a company like them instead of mining at home. We have heard this statement getting rehashed nearly 10,000 times and we no longer believe that a genuine Crypto currency cloud mining operation can fill up space on their website educating users on the benefits of mining in the cloud. This usually happens because the site does not have real activities going on and the only way to fill up space is to repeat that mining of Crypto currencies in the cloud saves you from noisy hardware which you could have installed at home if you decided to do it on your own. We do not need to hear these statements anymore in order to get convinced that cloud mining is the way to go and that a company like Cloudminingindex is worth a try.

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Where are the mining plans?

Legit Crypto currency cloud mining platforms will be transparent with their mining plans so as to avoid a scenario where a user has to invest any amount to start mining while not knowing what amount of hash power they are getting for their dollar. We prefer it when a Crypto currency cloud mining provider is stating clearly what we will get in terms of hash power for a specific amount. These can be laid out in different investment plans for every potential customer to see and choose if they wish to do so.

Now, a ponzi scheme behaves very differently. Instead of listing hash power plans that users can purchase and also making it clear what amount of hash power they will be receiving, a ponzi scheme will just set a minimum deposit and promise daily returns if clients make such a deposit. There is a tab on the website which says Fast start plan. When we click this tab, it takes us to a page where Cloudminingindex is only talking about the bonuses they are giving, and it immediately starts to feel as if this website is running a ponzi scheme as opposed to providing Crypto currency mining contracts.

Come to think of it. This site does not even describe whether or not they are providing Crypto mining contracts like other sites do it. They have set the minimum deposit at 0.01 BTC and are telling users to expect hourly returns of up to 0.035%. We should expect to see different promises because this kind way of operation is quite synonymous with ponzi schemes. We can’t believe it when they claim that they are a legit mining platform and at the same time talking about hourly returns with minimum deposit. This is typically something that we see on scam websites and if they are following this route, we can’t help but think that this is yet another scam.

Who are behind this website?

Cloudminingindex lacks proper introductions. They only provide us with a brief introduction about when this project was launched and also their ;physical address. There is no discloser of the name of the CEO and the staff members who work here although they claim to be working with experienced Crypto engineers. A legit Crypto mining project will introduce the top executives and even provide the public with a link back to their social media pages. If you find a website operating without these critical details, you should avoid investing at all cost.

Our best advice for you

Cloudminingindex does not look like a reliable site for buying mining contracts because they don’t have contracts in the first place, only minimum deposits. For real mining, find out on this page which companies are selling such contracts. 

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