Caution: Bitcoin mining schemes in South Africa. Ponzi not zero bitcoin mining websites disguised as cloud mining in South Africa. What is bitcoin cloud mining? How much does bitcoin cost in South Africa?
NOT something people should rush into. Please beware of any scheme in the name of bitcoin, mining or cryptocurrencies which assure any form of fixed return. No fixed returns are possible. Network Marketings scheme, or a scam.
Many South Africans are looking for a way to make more money, a passive income, or to make their retirement dream come true. Now that bitcoin is in the media a lot more, and the price has been going up a lot, people are eager to learn and find out how they can also benefit. These are mostly ponzi schemes disguised as bitcoin mining schemes. Members watch videos and presentations on bitcoin, and how great it is, then are sold the ponzi disguised as bitcoin mining. Please don’t fall prey to these bitcoin mining schemes!
I beg to differ, as what they and their followers are doing is the very definition of cloud mining! Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of mining allows users to mine bitcoins or alternative cryptocurrencies without having to manage their own hardware. Watching the Youtube videos these guys send out to their followers about bitcoin and mining bitcoin is crynge-worthy and laughable at the same time, but also very scary when you consider real people are listening to these quacks. Team’ in order for them to continue making their money. This is a TERRIBLE idea!