Cloud Coin Review: Well, this is a Mining Scam

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Cloud Coin Review: Well, this is a Mining Scam is a dubious Cryptocurrency investment project where investors are promised mining contracts for daily ROI. The site is also doubling up as an advertising platform where investors can purchase ad spaces to advertise their businesses. We are mainly concerned with the Cryptocurrency side of things where investors are promised a daily ROI out of their contacts. Cloud Coin does not prove with evidence that their site is involved in Cryptocurrency mining operations. There is no such evidence anywhere on the site, and yet they continue to accept user deposits.

While no daily ROIs have been promised, the idea is that if you send funds to the anonymous owner of the site, those funds will be used to purchase hashing power for mining Crypto currencies on your behalf. How much you can earn per day is not disclosed. The price for individual contracts have not been disclosed either. We have inspected the homepage and found that the site is heavy on advertising while at the same time claiming that they are mining Crypto currencies. The reason as to why these mining contracts have not been disclosed is not clear.

As we continue to analyze the website, we find a number of problems with the Cloud Coin website. We therefore believe that this website is a scam and you will never get a return out of your investment. To learn more, continue reading this review.

Note: For the best and most reliable Crypto currency cloud mining platforms, click this link.

Cloud Coin Review

The website is predominantly in Russian language. Actually, a bulk of their traffic is coming from Russia. But at the same time, this website has a decent global ranking. It appears that visitors who come to this site are of mixed origins. Instead of the site talking about their cloud mining contracts, they only discuss their affiliate referral program and ignore anything else to do with mining of altcoins.

So we only know about their referral commissions and nothing else. The earning potential of their alleged cloud mining contracts is not known. Affiliate compensation is 10% of the capacity acquired (mining capacity) and also 10% when placing the cost of ads. They also claim that Cloud Coin has real mining equipment and will also refund in case the investor changes their mind and want to withdraw from the platform.

Cloud Coin does not give us evidence of the existence of their data centers or anything like that. You see, there are many dubious websites that claim to mine Cryptos in the cloud. It has reached a point when believing such claims is foolish. We cannot believe that Cloud Coin is going to mine when there is no evidence that the site has invested in mining hardware.

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Another disturbing thing is hat Cloud Coin is not a registered corporation. It is just a simple website whose domain is privately registered to keep ownership information secret. The motive behind this is really obvious. No genuine Crypto currency cloud mining operation will hide the identity of the person in charge. But with Cloud Coin, we see that the website is not disclosing any ownership information.

cloud coin

Also, if it were genuine, they would have at least introduced some of their staff members. Cloud Coin does not do this for the simple reason that it is not a genuine Crypto currency cloud mining operation. They probably do not have any employees working for this site. There is no need to since the operation is not maintaining any data centers that would require technical experts. It is just an anonymous admin collecting funds on the other side of the website.

Also, if there is no corporation behind Cloud Coin, it becomes too difficult to investigate details concerning this website. When we visit business registries, we usually see details such as the Director of the company, duration that the company has operated, and many other details. So lack of a corporation to back Cloud Coin’s activities is a trust killer.

Website not clear on whether they mine or sell ads

The site appears to be heavily leaning towards selling ad spaces as opposed to mining of Cryptos. The reason why they are mentioning mining of Cryptos is actually not know.

On the other hand, the site gives comprehensive information concerning their ad business. Users are supposed to purchase banner spaces so that those ads can be shown to interested users. Our thinking is that this website started out as an ad center, and then decided to cash in on Crypto currency cloud mining. They don’t have any equipment with them. They are basically going to scam you when you send them funds with the purpose of mining altcoins.

Red flags to remember

Cloud Coin is actually operating anonymously. The owner is not known. The same case applies to the admin who has actually managed to maintain a low profile.

Secondly, they are not talking that much about Cryptocurrency mining, and yet they say that the site is involved in mining of Crypto currencies. It is hard to convince us that this site is actually mining Crypto currencies.

But it is easy to convince us that they are selling ad spaces. This is what the site is talk about on the sales page. The other issue that we have against the site is that it is only giving us generic information on their about us section. This information depicts that we are dealing with a site hosted anonymously and is out there to accept funds with the intention of stealing them.

It is very interesting how this pitch is being done. Any investment expert will tell you that this site is not mining Cryptos.

Our best advice for you

You should do your best to avoid such websites. Cloud Coin is just a fake mining site. The fraud has decided to supplement their fake business with ad space selling. We can’t trust them on this too. It is just too dangerous to send funds to the anonymous admin. Please mine altcoins here.

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