Mining is all the rage. Well, Bitcoin is all the rage, and by default mining is right behind it. Everywhere you look in the news and other places mining for Bitcoins is being discussed. With than many companies have popped up with great claims and selling all kinds of mining hardware and solutions. Everyone is looking to make a quick buck. One of the most recent trends is companies selling “Cloud Mining” services.  Basically companies that rent mining hardware to you and take the vast majority of your profits. This might be OK for some who want to play, but there are some serious scams out there using this idea. Cloudminer.biz is a scam. One of the latest ideas to con people out of their money.

Cloud Mining Explained

Before I explain why CloudMiner.biz is a scam, let’s take just a quick second to understand what cloud mining is in the first place.

People all over the world, including executives at Fortune 500 companies are looking to “the cloud” as a way to save money.  They think of things like iCloud and Facetime, mostly free services from big companies and think the cloud itself is free! They don’t realize they paid for all of this in the price of their device. An iPhone doesn’t really cost $1000. In fact, it costs less than $200. The rest goes to profit and services.

The Cloud in General Explained

The cloud is actually nothing more than someone else’s computer that you’re paying a monthly fee to rent. Amazon for example will rent web servers for $25 to $100,000 a month depending on how powerful of one you need. For small companies this makes a ton of sense. No need to invest in connectivity, air conditioning, backup power, etc for a few servers. Amazon already has that.  For larger shops, the cloud rarely makes much sense.

Cloud Mining

Cloud mining is the exact same principle. A company buys a bunch of mining equipment and sets up a data center (if you’re lucky) and installs all of the hardware. They manage it, repair it, apply security patches, and keep it updated with the latest most stable software (again, if you’re lucky). They then rent this hardware to miners. Rather than paying $2500 or more to buy a mining compute, you can pay a monthly fee to use their hardware.

Cloud Mining is a Terrible Idea

But cloud mining is a terrible idea as an investor. If a company has the money to buy hundreds of thousands of dollars of mining hardware and install it in a data center, then develop and maintain all the management platforms, billing software, etc. why would they rent it to you?  They could make far more money far faster by using it mine cryptocurrency for themselves!

Even if the company couldn’t do this, they would still need to charge you enough to cover all of their hardware, development fees, and labor. Which means at the end of the day, there is literally no way you’re getting a good deal. You have a snowballs chance in hell at making money cloud mining unless the coin prices shoot through the roof after you sign up.  And I’d bet money the cloud mining company cancels your contract if that happens.

CloudMiner.biz is a SCAM!

Which finally brings us to our main event. Cloud mining scammers. Many of these so called cloud mining services are an outright scam. They aren’t even attempting to be even slightly legit. They have one purpose and one purpose alone. To steal your hard earned cash. Cloudminer.biz is a scam!

There are numerous videos pointing out that this company has never paid them.  But you don’t even need to sign up to see they are completely dishonest from the get go.

The bottom of their site is plastered with reviews from customers. Except every single one of those customers is totally a fake. The pictures are not even stock photos. CloudMiner.biz is a scam to the point they don’t even bother to pay for stock photos! They stole the photos from public websites, and some of the people are actually semi-famous enough to recognize!

Let’s take this review from Chloe Morningstar. Where she says that CloudMiner.biz made her a $100K.

“I’ve been a member of the cloudminer for only 47 days. But my life has already changed! Not only have I made my first $100k, but I’ve also met some of the most incredible people in the process. Thanks, Mike!” – Chloe Morningstar

All it takes is a simple right click of her picture and select “Search Google for Image” to find out that’s not her name and she never wrote this review.

 

This quick search reveals her actual name is Adelle Charles, Director of User Experience for a media company.  This review is faker than a Bill Clinton two dollar bill.

You can follow that up by searching the images of the other four reviews on their homepage and immediately discover that they all too are stolen profile pictures from numerous pages around the web from people with completely different names.

Yep. CloudMiner.biz is scam!  Steer clear.

Update 02/01/2017

Someone from the same range of IP addresses in the same country keeps posting positive comments saying they are getting paid.  The English is bad in all of the same ways. The email addresses are from fake accounts or do not exist.  They are captured by my comment SPAM filters, but I just thought I would pass it along to the readers of this article to watch out for these comments below in case one slips through.

24 Responses

  1. S. Peenwheedle

    Funny. I actually looked at this site because of a facebook page ad. When I went to look at the reviews at the bottom that’s what made me say “Hell no!” They totally looked like something written by scammers. I made $5 millions working from home in my PJs! Riiiiight!

    Reply
  2. Greganator

    Yep. Total scam! They never paid me a single bitcoin. It just sits in pending forever and never actually sends!!!!

    Reply
  3. Jojo

    I can assure you they are making millions upon millions. Why else invest in expensive ad campaigns that are timely and appear legit. By the time you realize you’ve been had you’ve spent hundreds or thousands. They say victims of scams are usually as greedy as the scammer. You would have to be in order to ignore the clear and obvious “too good to be trues”..

    Reply
  4. Miner Man

    Scammers be scammin’ and suckers be suckin! I mean if you fall for this stuff you kind of deserve to be scammed.

    Reply
  5. CloudMiner is a total SCAM

    Fuck why didn’t I see this before I bought in. They scammed me. I am ashamed.

    Reply
  6. John

    I got scammed also. They dont reply to emails and just take your money. They did payout a tiny portion but the rest is still pending. Total scam!!

    Reply
    • jon

      I have seen where people have said they did pay out, but just the money that they had put in, in hopes of the person upgrading to a higher service and then they never pay out
      Did they get you for everything ?

      Reply
  7. Darth Vader

    I knew that cloudminer.biz was a scam the second I laid eyes on those fake reviews! Screw those assholes!

    Reply
  8. Josh Taylor

    hahahah at least i got .0005 btc from them using the free account!!! the rest are still pending. and no, i did not deposit into this bs site!

    Reply
    • JR Rife

      How long did it take you to get that .0005? I tried pulling out my “free” .0005 around January 20th and still haven’t seen it in my wallet.

      Reply
      • Brad

        He didn’t, he thinks he did because he read the “confirmed” after he clicked it. 🙂

  9. Garth Sanders (Essentric Human)

    Been using it for a few weeks, first so-called withdrawal was Jan 17th. It never came, still marked as pending.

    Started noticing the the payout number changing when trying to make withdrawals, figured it was a glitch at first, then it started changing every time. Damn scammers.

    Reply
  10. Peter Wood

    Well, now my suspicions have been confirmed. Payment (delayed “10+ days”) has damn near reached 30 in pending. Don’t touch it with the shadow of a computer generated 10 foot pole even if it’s given to you by Mickey Mouse’s unicorn, Jack!

    Reply
  11. almo2001

    I noticed immediately two things:

    1) The text blurb said stuff like “block accepted” every 5-10 sec. BTC’s blockchain isn’t that fast.

    2) When the page was open, there would be a FireFox process eating a whole CPU. They were mining the coins in your browser.

    So they were hoping people would keep the tab open and check on their earnings periodically. Apparently that didn’t work out too well for them.

    Reply
  12. sabah

    Someone told me about this and I did not know anything and I got paid little and I upgraded at the maximum and I have lost 6000€ !!! I feel soooo bad I have been soooo stupid….. I needed that money……

    Reply

Leave a Reply