Free Bitcoin cloud mining has been very popular in the past 3 years. Many first-time crypto earners spend hours trying to earn crypto, but does it payout?
Bitcoin mining sites claim they can give you “free bitcoin mining” on their cloud network. This is a huge scam because it’s giving people free bitcoins, which means they won’t make profit. There are no ads, no short links, nothing. Just a number counter of your “earned bitcoins” going up every second. We all know that it can’t be that good, and there must be a catch. And there is.
For example, a cloud mining site named Moonbitcoin.cloud claims that they will give you “free cloud mining” but you only get 0.0007 BTC each day. You can upgrade your plan to get 0.003 or even 1.8 bitcoins a day. The plan’s prices range from 0.01 to 5 Bitcoins, and not many people can afford the high prices, so we just use the free plan. We wait many days until it reaches the minimum withdrawal limit of 0.005 Bitcoins, and then we withdraw.
Withdraw? Nope. You cannot withdraw, unless you send 0.001 Bitcoins to the generated address. And even after that they might not send the bitcoins to your wallet.
This is based on my experiences with bitcoin cloud mining programs, and I hope you don’t get scammed like I did. This article is to warn you from them, and not waste your precious time like I did.
