Cloudminingindex is allegedly a crypto mining platform that also deals in currency trading according to their website. The site specifically targets both expert traders and newbie miners and promises rewarding returns. The online investment venture has earned some investors great profits in the past, but this is also a double-edged sword because many investors have also made huge losses.
CMI claims to deal with mining cryptocurrency, mainly altcoins complemented with the use of their technology and market knowledge to earn its user’s profits. Cloudminingindex claims to be safe and reliable. Users are assured of great returns and that they will not make any losses. The platform is another mining Ponzi scheme which has nothing concrete to offer its investors.
Their website has inadequate information and also lacks an FAQ page, which is a major red flag. Cloudminingindex is a company that does not provide investors any contract or feasible investment plans which investors can choose from.
Ponzi schemes like Cloudminingindex find loopholes of exploiting its investors by changing its terms of service or having hidden charges. Mining is a wholesome process that accrues many charges like electricity bills, but the company has not declared any plans for profit distribution or investment funds to cover for these charges or any other incurred charges.
Mining used to be a lucrative venture in the past, even for small scale users. Unfortunately, this is no longer the case because of the increased number of miners in the market compared to the past.
There is a vast misconception by investors, especially newbie, that mining is a fast and guaranteed to get rich scheme. They lack adequate knowledge on how mining operates and the reality that patience, skills, and money is needed. You should always invest with legit cloud mining companies.
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Cloudminingindex is a self-proclaimed one of the best mining and crypto trading website. The company claims to be a global company operating in over 17 countries and has numerous mining farms. The platform claims to focus mainly on mining altcoins because of saturation in mining Bitcoin.
It is all impressive on paper, and CMI should be among the best cloud mining company, but that is not the truth. Although the company is still new to the crypto space, it raises a lot of red flags, and evidence suggests it is a Ponzi scheme.
Pyramids like CMI only aim to steal from its users. The platform claims to have over 400 mining farms across the globe, but it is non-verifiable information. Cloudminingindex promises that its clients can purchase their investment plan, sit at home, and relax while making profits. The site also emphasizes the advantages of pool mining and cloud mining, stating its advantages to try and lure investors.
Cloudminingindex has no information on the team operating the website. There is no information on the CEO of the company or any staff who work there. Legit investment companies will always strive to be transparent, credible, and reliable to their customers. The platform claims that their teams are veterans in the crypto space, but there is nothing to prove it is true. They are operating anonymously, which is another red flag on their legitimacy.
There are also no links to the company’s social media platforms, and the website only maintains a Facebook page, which is also not active. There is minimal to no engagement on the Facebook page, which casts a shadow of doubt on the company’s activity.
The company also has very few people recommending investing in the company with exaggerated claims of how they made huge returns. They are fake testimonials to try and boost the site’s image.
Investment plan and returns
Cloudminingindex is not a transparent website because the legitimate website is clear on their investment plans, returns as well as risks associated in the trades. A good mining platform always set prices on their hash power so that an investor knows what they are purchasing.
CMI, on the other hand, only promises users great returns for a certain amount of deposits that they deposit. The company does not lay out any investment plans so that investors can choose their preferred plans.
Cloudminingindex has a minimum deposit of 0.01 BTC, with a promised guarantee of 0.035% paid hourly. The deal is above and beyond what competitors offer its clients, which raises many alarms. A pyramid scheme is always after the investor’s deposits to make profits.
Once you deposit a large sum of warranties, the company will ghost you, and you will not hear from them. You will not get the promised returns, and you will lose all your money.
CMI also has a fast start plan on its website, which does not offer anything except bonuses. The platform also does not have any educational material or FAQ to help newbie traders to get up to speed on how to operate.
The platform also does not offer crypto mining contracts like its peer companies. Cloudminingindex is not a transparent and legit company.
Regulation and Customer support
Cloudminingindex is a platform that is a Ponzi scheme, and it is operating illegally. A company that claims to be operating globally and performs money transfer should be registered and subject to regulation. CMI does not have any registration or regulation documents posted on its website or any information regarding the subject.
The platform is also operating anonymously, and it has no information on the owner of the business or the team behind it. Anonymity is not something that should be associated with an investment company, and anyone investing with this site should prepare to lose all their money.
Moreover, the company does not have and FAQ page, educational material, or an active customer support structure to help its investors when they encounter any problem. The platform does not have an active email address, telephone number, a geographical location, or offices. The safety of your investment should be the utmost priority, and you should avoid getting rich scams.
The Domain insight
We investigated and gathered some useful information about the website domain on Alexa.com and Whois.com. The official domain name is cloudminingindex.com. The company was registered on 21/10/2017 and will expire on 21/10/2027.
The platform target audience is unknown. The founders of the company, as well as the staff, are not known, and there are no social media pages linked to the owners as well. The domain IP and registration were done in the United States.
CMI is not a favorable investment and has numerous red flags suggesting it is a pyramid scheme. The amount that they accept as deposit, as well as the promised returns, is unrealistic.
Furthermore, the company does not have any investment plans, performance reports, or mining contracts. The purpose of this company is to take your deposits, and thus you should avoid such companies.You should always invest with legit cloud mining companies.
The crypto space is not a get rich niche, and it is a risky, volatile financial venture. It is difficult to predict the market entirely, and it also requires patience and skills. CMI is an anonymous entity which is operating illegally.
It has no registration documents, and it is not regulated by any government entity. Due diligence is a necessity for online investment ventures, and you should pursue trustworthy cloud mining companies.
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