Menu Review: Is CLD Mine Scam or Real? Review: Is CLD Mine Scam or Real?

Share This! is a supposed Crypto currency cloud mining platform that promises to mine up to 20 different coins. The site claims to let users purchase rental capacity for mining while the operators carry out configurations and control of the mining equipment. The site also claims to have implemented modern technology for mining on their site. When you invest with CLD-mine,you are guaranteed stable and guaranteed returns without a risk, claims their marketing materials. The question is whether there is such an investment that does not come with risk. Or let’s put it this way: Is there an investment that guarantees a return?

Of course Crypto currency cloud mining is a different thing altogether. What you earn is dependent on how much hash power you are purchasing. However, you will also notice that the longer you are staying with the service, the less returns you are getting from the contract due to factors like mining difficulty rising and price of Crypto currencies falling. That said, we would like to lead you to good sites that provide genuine Crypto currency cloud mining services. If you are intending to mine Crypto currencies, we don’t encourage you to do so with a site like CLD-mine because its reputation is shady and there are also so many red flags that suggest this is a ponzi scheme rather than a genuine cloud mining operation.

CLD-mine review

Background details of site ownership is anonymous. This site does not state whether their operations are overseen by a certain registered corporation. It appears to operate on its own accord. In addition to this, CLD-mine does not introduce the owners or operators of the business. It was registered anonymously and this trend has been continued in their site as their about us page does not get into the specifics concerning who these people are. Instead, they only claim to have the capacity to mine Crypto currencies on behalf of their investors.

One thing we realize is that the kind of information found on this website is quite generic. The site owner is only repeating what they have said time and again. There is absolutely zero value in the sales pitch since they are saying things that nearly all sites in this niche state on their websites. This style of presentation suggests that the site is not truly mining Crypto currencies. If they did, they would be having many things to tell us such as their way of operation, the data centers, and so on. The content of the site seems to have been copied elsewhere. What is more, most of these site owners will also own a string of websites that claim to do the same thing i.e mining Crypto currencies. When one closes down, they start another one and vice versa. In that sense, the easiest thing to do would be to copy paste content from one site to the other as the owner has nothing to lose.

Are we saying that CLD-mine is one of those sites where the owner is a secret scammer who also runs a number of other sites? That is not the case but the likelihood of this happening is very high. The site also claims to engage in Crypto currency exchange services where users can instantly and automatically exchange their coins for profit. One thing you should realize is that no Crypto currency exchange looks like CLD-mine. And even if they mean that the site operators are engaging in arbitrage trading, we wouldn’t be convinced until we see proof of trading success.

They claim to be a genuine Crypto mining operation

CLD-mine claims that they are not a financial pyramid since they own real mining equipment. Our question is where exactly are their data centers situated and can they show us a video of their mining facility together with the physical location of the data centers? If this information is not available, you can be sure that the site is actually what it says it is not.

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A pyramid scheme, by definition, is a site that claims to generate revenue through legit means of investing when in the real sense, the owner is just collecting deposits and paying out a small portion of those funds to early members. This setup works most of the time for sites like CLD-mine which claim to be mining Crypto currencies when in the real sense they are running a pyramid scheme. If there was evidence of real mining, we would not state that this is a pyramid scheme. The reason why we see it as a pyramid scheme is because the site has not proved their external source of revenue generation. This leaves us with no choice but to believe that ROIs are paid out of new deposits. That’s how Pyramid schemes work.

Too good to be true returns

They have included a calculator which projects the amount of returns that we can possibly earn from a certain quantity of hash power. We selected Bitcoin and tried it with 100 GH/s of hash power. The estimated daily earnings were 0.01 BTC which is not very realistic. This is not possible at a time when mining difficulty is rising due to stiff competition.

This profit calculator is therefore misleading investors into believing that they can earn these returns when that is not the case. Those who have tried such scams can attest to this fact. There is nothing like 100 GH/s for 0.01 BTC daily returns.

Our best advice for you

CLD-mine is definitely run by scammers because the content of their site is too generic to convince potential investors that the site is credible, and secondly, CLD-mine does not have proof of having any data centers from which mining of the said 20 Crypto currencies are taking place. In short, this site is only making unverified claims which are hard to believe if no proof has not been provided. Besides, the owner is anonymous and is likely to run away with funds. Stick to the usual Crypto currency cloud mining platforms on the web.

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