Recently, 'cloud mining' has become active again, with many scammers using the guise of 'low threshold, high returns, guaranteed profits' to attract investors. In Beijing, a 'cloud mining' scam involving 200 million was uncovered, where scammers used fake mining farm photos and AI-generated news articles to defraud funds. Many victims only realized they had been scammed when their funds could not be withdrawn. However, I saw through this scam from the very beginning, just because of a detail flaw in a news article.
The dry goods are here: The core flaw of the 'cloud mining' scam lies in the 'project authenticity' and 'profit logic', which can all be verified through news and public information. That day I saw promotional news for a certain 'cloud mining' project, claiming to 'have large overseas mining farms with annual returns of up to 60%', and also included photos of the mining farm and 'authoritative media reports'. But when I looked closely, I found the problem: the so-called 'authoritative media report' was actually forged by scammers, the original link couldn't be opened at all, and the mining equipment in the photo was exactly the same as the scam mining farm photo exposed in a certain news report last year, just with a different background.
More importantly, I checked recent industry news and found that the global computing power market is oversupplied, with mining machine prices continuously declining, and mining profits are at historical lows. In this situation, how can there be a "stable annualized return of 60%"? This clearly does not align with market logic. Moreover, this project has no publicly available mining site filing information and no third-party audit report. The so-called "profit guarantee" is completely an empty promise.
Three key techniques to identify "cloud mining" scams:
First, verify the authenticity of the mining site. Legitimate mining sites will have publicly available addresses and filing information, and even news reports of media visits. If you cannot find any relevant information, it is undoubtedly a scam;
Second, calculate the profit logic. Mining profits are affected by factors such as computing power, electricity prices, and coin prices, so there cannot be a promise of "guaranteed profits". Any annualized return exceeding 30% should be approached with great caution;
Third, verify the certification channels. The so-called "authoritative certification" and "media reports" must be verified through official channels; do not trust the "exclusive link" provided by scammers.
Many people fall into the trap of "cloud mining" because they do not understand the mining industry and are blinded by the temptation of "low threshold, high returns." Remember: mining is a capital-intensive and high-risk industry that requires specialized technology and substantial financial support; ordinary people have no chance of entering with a "low threshold." Those who tell you that "investing a few hundred dollars can earn money from mining" are 100% scammers.
If someone around you recommends a "cloud mining" project, make sure to send them this article to help them avoid the trap. Follow me, and I will continuously expose various scams in the cryptocurrency world to help you protect your hard-earned money. After all, in the cryptocurrency world, avoiding pitfalls is the biggest victory, don't you think? Follow me@链上标哥 so you won't get lost!
