It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Mychargeback consultation today:
Cloud My at Cloudmy.cc is a new Bitcoin mining site with a minimum deposit requirement of 0.5 BTC. This makes Cloudmy very suspicion indeed. While legitimate Bitcoin mining sites out there have some low minimum deposit requirement for testing their service, this one has an extremely high amount which no investor in their sane mind would be willing to deposit.
Does Cloudmy have any reputation in this industry? Not at all. How long have they been in operation? Well, some records indicate that they have been around for 1 year.
If those records are anything to go by, then we can only wonder why no one has ever reviewed this service or published their experience with Cloudmy on the internet. It is rather plausible to think that Cloudmy has existed for a year yet not a single customer testimonial or feedback has been given on the internet.
We have gone through the entire Cloudmy website, and this is what we have to say.
The domain of this site is registered/hosted in Panama. We don’t know why most mining sites are preferring to indicate that they are hosted in the US when that is never true most of the time.
Their who.is data is protected as well, so it’s impossible to find out who owns this mining site. Again, this makes us very suspicious indeed. Why would you send your Bitcoin to a stranger? And most importantly, why would you send a whooping 0.5 BTC to a stranger on the internet and think that they will be kind enough to return you a profit plus your money back?
Any investor who thinks critically about this will never dare send their Bitcoin to Cloudmy because of the same reasons which we are highlighting here,
👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it. What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.
The minimum Bitcoin which they are asking for is 0.5 BTC, and this is an equivalent of $4,777 going by the current rates.
That’s a lot of money to gamble because Cloudmy is doing nothing other than making investors gamble with their cash through converting it to Bitcoin and sending that money to them. We are against doing business with strangers.
Yes, they do have a live chat function on their site. But this feature does not guarantee safety of your funds. If you were to sue the owner of the site for one reason or the other, it would be a challenge in the first place since you don’t know whom you sent money to.
Therefore, at least you should take this precaution seriously because all scams don’t endeavor to expose their operators. Scams in the Bitcoin niche would prefer to stay anonymous because it gives them much leeway to steal coins and go Scott free. So the first step to securing your funds is to avoid sending them to strangers altogether.
Cloudmy has a calculator that can help you visualize what you could earn if you invested a certain amount with them.
Let’s assume that you invested the required minimum of 0.5 BTC. That would be an equivalent of about $4,700 if the current rates are factored.
According to this calculator, 0.5 BTC will earn you 39,620 GH/S from Cloudmy. Your daily return on invested will be calculated according to those on level 7 of the income table. This would give you 3.2% daily return on investment. The site claims that this return on investment is stable and guaranteed. But that is also why they are raising eyebrows.
These claims can’t be proved whatsoever. There is no way you can expect to make this revenue on a daily basis. If you’re going to factor in mining difficulty, cost of electricity, hardware maintenance among other things, you will surely generate a modest income but not a consistent basis. If you hit the 3.2% daily target, the next day’s results will be totally different, and thus anyone who claims that they can guarantee a certain amount of revenue per day is definitely a liar.
The more we look at the income expectation table, the more we discover more disturbing things. The site claims that if you invest the minimum amount of Bitcoin required for this investment, you will make 0.016 Bitcoin everyday.
We used Bitcoin profitability calculator tool on the internet to find out the truth. You see, an ordinary investor will most likely get confused by these numbers. They may think that these figures make sense when the truth of the matter is that they are totally made up.
0.5 Bitcoin will earn you about 40,000 GH/s of hashpower. If you query the Bitcoin profitability calculator based on this amount of hashpower, you’d potentially realize a daily profit of 0.007 Bitcoin mined on a daily basis.
0.007 of Bitcoin is way less than the proclaimed 0.016 Bitcoin that this site is promising. It’s therefore quite clear that this site is inflating these values to make them look profitable. That kind of profit is too good to be true, which makes Cloudmy sound like the next big scam.
According to this site, investors are supposed to receive 120% monthly return on investment and above depending with the amount invested.
This means that 120% return on investment is the average that one should expect to make from Cloudmy.
Again, we will remind you of a statement that we love very much. If it’s too good to be true, shun it. You cannot realistically earn 120% monthly interest on your money regardless of what happens in the Bitcoin mining industry. Maybe a 10% monthly interest would be possible.
If you are lucky, you’d hit a 20% monthly interest when working with a legitimate Bitcoin mining website. But 120% is unheard of. We really don’t know where these figures are coming from because the Bitcoin economy has already proved that it is not possible to realize that kind of return.
So, what’s the motivation for all this? Simple, Cloudmy wants as many investors as possible to join their website. By misleading investors, they can cash in from the numbers. They can opt to keep the total amount of Bitcoin gathered from the public or might decide to issue payouts which will not be consistent.
At this point, you will realize that all that glitters isn’t gold. You will come to the realization that this site is only hyping their Bitcoin mining service, thereby misleading investors in the process. This is very risky because you could lose nearly $5,000, money which you will never recover. Don’t try it.
The rule of thumb is that if you don’t send any Bitcoin, you won’t lose any Bitcoin. But if you gamble your Bitcoin with a site whose owner is anonymous, you stand a significant chance of risking that amount. We don’t recommend this at all.
Cloudmy does not give us any confidence towards their service. We wouldn’t throw away an investment in their hands because it is too risky. The site is not professional in terms of their presentation.
For example, they don’t even talk about their business, how they started and where they are going etc. These are basic ethics which we believe every serious website on the internet should at least touch on. Avoid Cloudmy. Or simply sign up with this cloud mining service instead.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.