Pseudo-cloud mining – What You Should Know

On the Internet, you can find a small number of sites where you will be offered really real cloud mining. Such sites can be easily distinguished from those where you will be offered pseudo-cloud mining, by a small percentage of profitability: less than 10% per month.

In the early days of cryptocurrencies, mining was the only way to earn them. At a time when the rate of bitcoin and other altcoins grew continuously, mining was also a highly profitable activity. But in our time, it is no longer possible to earn much on this.

The bulk of sites that position themselves as cloud mining do not actually rent any mining capacity. This is just a fashion legend for attracting customers.

Registration in them is the simplest, only login and password, without confirmation by mail or SMS. The main properties by which pseudo-cloud mining sites are evaluated:

• Design is an important element of the site that attracts participants.

• Initial bonus: the minimum mining power that is given upon registration. Allows you to get started without investment.

• Profitability. Power is bought in GH s or DH s. For example, 10 GH s costs $ 0.01 and generate the same amount per month in cryptocurrency. That is, the yield is 100% per month. That’s a very high yield, but will the site last more than a month? The lifetime of sites that offer pseudo-cloud mining with high profitability is short, and rarely allows you to get real income.

• The minimum deposit usually starts at $ 1. The same amount opens the possibility of withdrawing funds, which also has a minimum amount of $ 1.

• The number of cryptocurrencies available for mining is of great importance. It is often possible to mine the dollar, which is the fastest way to check the solvency of the site. There are mining settings that allow you to simultaneously mine different currencies in the desired proportions, or to mine the mining power itself.

• The ability to exchange between cryptocurrencies within the site allows you to use pseudo-cloud mining as a currency exchanger. Some sites choose this item as their survival strategy. They receive income from currency exchange commissions.

There are also pseudo-mining sites that do not require any contributions. They only live off advertising. They usually require frequent visits to receive the next bonus and view ads. If there are many participants on such a site, then it is possible to recruit referrals well on it by publishing paid advertising of your project.

Often on the network you can find sites with pseudo-cloud mining that perfectly accept money, but do not give out profit at all. They are designed for the casual, ill-informed person. Always, before investing real money in any site, you need to monitor it on the Internet for solvency. Usually, long-standing sites are well known and have a lot of negative reviews already written on them.

There are many official mining programs on your PC.

Some time ago, sites with cryptocurrency mining were also attracted by the fact that the cryptocurrency was growing rapidly. But now there is a downturn in this market and pseudo-mining sites have lost some of their attractiveness. At its core, pseudo-cloud mining is the same hyips or economic games. When choosing which one is worth investing in, you need to know how authoritative administrators stand behind them. How many successful projects they have lived long enough to make a profit.

Also, it is required to attract the maximum number of partners, which significantly increase the speed of the return on investment.