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Is Bitcoin Cloud Mining Safe? || How To Make Money Online



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Cloud mining comes with its risks due to the propensity for cloud mining operations to be scams. There have been cloud mining operations set up that accept Bitcoin as payment, and pay out investors in Bitcoin. However, some of these operations are ponzi schemes, paying out early investors with the deposits of present investors.

Be skeptical about the authenticity of the cloud mining operation if they are offering returns that seem unreasonable. It is useful to ask the following questions about the operation in the event that they are promising high returns: If they're getting such high returns, why do they need my money? Why don't they just mine the Bitcoin and keep it, rather than paying me a return for my investment?

That being said, there are safe Bitcoin cloud mining investment opportunities. Keep an eye on the returns that they are promising, as this is the best indication as to whether or not the opportunity is a scam.

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Cryptocurrency Mining
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