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New Antminers are coming, providing MAR Mining with a more powerful and energy-efficient way to mine BTC.
The post MAR Mining launches new Antminer that allows users to easily earn $1,000 per day appeared first on Crypto Breaking News.
The platform XY Miners, it is easy to start daily mining of crypto assets without expensive equipment or complex settings, and achieve stable income.
The Texas State Securities Board has taken action againstArkbit Capital, issuing a cease and desist order for its involvement in allegedfraudulent crypto cloud mining activities. Led by Financial Examiner AlexisCantrell, the board's investigation revealed purported deceptive practices byArkbit Capital and its associated entities.
Allegations of Deceptive Practices
Among the accusations, Arkbit Capital stands accused ofemploying deceptive image and video manipulation tactics to promote itsinvestment offerings. The company, along with its affiliates Arkbit CapitalHoldings, ABC Holdings LLC, and ABC Mining, allegedly misrepresented itsoperations, claiming to run Arkansas-based data centres for cryptocurrencycloud mining.
Investors were enticed with promises of significant dailyreturns ranging from 1.6% to 2.8% over a 120-day period on digital assetdeposits within a specific range. However, the board's order asserts that thesepromises were unfounded.
Furthermore, Arkbit Capital purportedly usedCoinPayments.Net, a payment processor, to handle transactions for itsinvestment plans, despite restrictions barring users from certainjurisdictions, including the United States. It was discovered that the accountholder linked to Arkbit's CoinPayments account was Paras Khivesara, located inHyderabad, India, rather than in Arkansas as claimed.
Additionally, the board highlighted instances of manipulatedmedia, including a video purportedly featuring the company's CEO and founderspeaking at a cryptocurrency conference in Austin, Texas. However, no evidencewas found to support the presence of Delmar Estabrook or Arkbit Capital at thesaid event.
Texas regulator orders Arkbit Capital to cease operations for alleged crypto scamThe Texas State Securities Board has issued a cease and desist order against crypto miner Arkbit Capital for engaging in fraudulent crypto cloud mining activities, Cointelegraph reported. The
CoinNess Global (@CoinnessGL) May 29, 2024Official Highlights Risks
In response to these findings, Joe Rotunda, Director of theEnforcement Division at the Texas State Securities Board, emphasized theimportance of vigilance when encountering social media investmentopportunities.
This is a common tactic we see in online crypto investmentscams. By appearing to be part of the cryptocurrency industry, bad actorsattempt to seem like legitimate contributors to the space. Dont be fooled,said Rotunda.
This incident adds to a series of Ponzi scheme casesinvolving cryptocurrency that have surfaced in the United States over the pastyear, reflecting challenges within the digital asset investment landscape.
This article was written by Tareq Sikder at www.financemagnates.com.
Arkbit falsely claimed to operate Arkansas-based data centers for cloud mining various cryptocurrencies.
Binance Pool now accepts USDC and FDUSD for cloud mining purchases. (Read More)
Global Cloud Mining has always been a popular choice for cryptocurrency enthusiasts. Unlike traditional mining, it does not require expensive hardware, professional technology or continuous monitoring. Global Cloud Mining simplifies the process and allows anyone, regardless of experience, to participate in the cryptocurrency revolution. Main advantages and features of Global
Bitmain, the mining rig manufacturer, has announced the launch of a new rig that mines the digital currency filecoin (FIL). Similar to the company’s KAS Miner KS3, the new FIL miner carries a hefty price tag of $38,888 per machine. Bitmain Introduces On-Rack Filecoin Miner Bitmain announced Thursday that it will begin selling a newly [...]
The post ASIC Manufacturer Bitmain Unveils $38K Filecoin Mining Rig appeared first on Crypto Breaking News.
HappyMiner is a licensed crypto mining company founded in 2018 in the United States. HappyMiner holds industrial properties with a sizable tech park of specialized Bitcoin mining machines, similar to any recognized hash provider.
Bitfufu's plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain.
<p>Cloud mining is a term that refers to the process of renting computing power from a remote data center in order to mine cryptocurrencies. Despite being a popular concept in the cryptocurrency world, cloud mining is frequently regarded as a scam for a variety of reasons. </p><p>Beware of Empty Promises</p><p>One of the primary reasons cloud mining is regarded as a scam is that many cloud mining companies promise unrealistic returns on investment. </p><p>In the cryptocurrency world, these companies frequently promise high returns with little to no risk, which is not a realistic expectation. Many of these companies are Ponzi schemes in which returns are paid to early investors using new investor investments rather than actual mining profits. </p><p>Another reason cloud mining is considered a scam is that many of these companies do not disclose their operations. These businesses frequently lack transparency in terms of the location of their data centers, the hardware they use, and the amount of energy they consume. </p><p>Without this information, it is impossible to determine whether the company is mining cryptocurrencies or if their customers' investments are being used for other purposes. </p><p>Furthermore, many cloud mining companies have been discovered to be fraudulent or to have engaged in unethical business practices. Some businesses have been accused of misusing customer funds, using false or untraceable identities, or providing false information to entice customers to invest. </p><p>Common Issues</p><p>Another issue with cloud mining is that it is frequently unprofitable due to the high costs of operating a remote data center. The costs of energy, hardware, and maintenance are frequently much higher than the potential profits from cryptocurrency mining. This means that even if a company is not fraudulent, its customers are unlikely to profit from it. </p><p>Furthermore, as more miners join the network and competition rises, the difficulty of mining cryptocurrencies rises. As a result, the computing power needed to mine cryptocurrencies is increasing, making it even more difficult for individuals to mine profitably. </p><p>Wrapping Up</p><p>Cloud mining is regarded as a scam for a variety of reasons, including unrealistic returns, a lack of transparency, fraudulent or unethical practices, high costs, and profitability challenges. </p><p>When considering any of these companies as an investment opportunity, individuals should exercise caution and thoroughly research the company and its operations before investing any money.</p><p>FAQ</p><p>What is cloud mining?</p><p>It is defined as the process of renting computing power from a remote data center in order to mine cryptocurrencies. </p><p>What is the process of cloud mining?</p><p>Cloud mining allows individuals to rent computing power from a remote data center in order to mine cryptocurrencies. The customer pays a fee for the rented computing power, and the cloud mining company is in charge of maintaining the mining hardware and infrastructure. </p><p>Why is cloud mining regarded as a swindle?</p><p>Because many companies offer unrealistic returns on investment, lack transparency in their operations, and have been found to engage in fraudulent or unethical practices, cloud mining is frequently regarded as a scam. </p><p>What are the potential risks of cloud mining?</p><p>Possible risks include the possibility of investing in a fraudulent or unethical company, the high costs of running a remote data center, and the possibility of low returns on investment due to increased competition and difficulty in mining cryptocurrencies. </p><p>Is cloud mining a viable investment option?</p><p>Most people do not consider cloud mining to be a profitable investment opportunity because of the high costs associated with running a remote data center and the possibility of low returns on investment due to increased competition and difficulty in mining cryptocurrencies. </p><p>Before investing in this space, individuals should conduct extensive research on the company and its operations.</p><p>How to avoid cloud mining scams in 2023?</p><p>First and foremost, what many people don’t seem to understand is that there is probably only one reason for a mining operation to be renting capacity at a customer-profitable level. </p><p>Reducing their negative float in order to see an early ROI, meaning that the company might need immediate cash and the cost of doing so this early is by cutting some of their profits. </p><p>This would allow them to finance their operations, equipment, and some of their other capital costs. </p><p>However, throughout the past years the demand for cloud mining was so big that people were buying contracts even if losing money and without any regard for risk nor profitability. Consequently, mining companies simple couldn’t find much profit.</p><p>Nowadays, however, there are <a href="https://www.financemagnates.com/cryptocurrency/asic-shows-how-to-spot-a-cryptocurrency-scam/" rel="follow">many scams out there</a> and coming across suspicious cloud mining websites is rather easy given the low level of effort and sophistication put into these scams.</p><p>As such, it is important to keep an eye out for things such as spelling errors, grammatical errors, but also for the promise of high returns and instant rewards.</p><p>Those promise is the single most important red flag because while cloud mining might be profitable, it achieves that goal over the long term.</p><p>Added to that, there is obviously some necessary research that one needs to do before committing his or her investment, namely information regarding mining farms. Keep in mind that some scam websites will omit this information or simply use the address of another existing farm, so it’s important to verify legitimacy and ownership.</p> This article was written by Finance Magnates Staff at www.financemagnates.com.
Workers in the mining industry have also voiced their displeasure with noisy machinery that produces large volumes of hot air and must be located in a ventilated area. These problems can be solved with one stroke by using the new cloud mining technology known as Miner US.
If you are interested to know more about Miner US Limited you can check out the : Miner US Limited
Ever since the concept of cloud based crypto mining came to the limelight, the emotions of crypto mining catapulted, and
The mining of cryptocurrencies can be a dependable source of income; however, the endeavor is fraught with a plethora of
The terms of services, laid down by Ethereum's second-biggest host Hetzner, prohibits customers from running nodes, mining and farming, plotting, storage of blockchain data and trading.
Have you always dreamed of mining cryptocurrencies? However, you were scared by the initial investment cost? KuCoin has decided to go against this problem and has launched the KuCoin Cloud Mining service. It allows you to mine cryptocurrencies in a completely new model that does not require you to own specialized, expensive equipment. In today’s […]
The post What Is KuCoin Cloud Mining and What Advantages Does It Have? appeared first on NullTX.
GEM-TRX Links: Official Website: https://gem-trx.com/share?code=338240 Official Facebook page: https://www.facebook.com/gemtrxofficial Official Twitter: https://twitter.com/Gem_TRX Telegram Channel: https://t.me/gemtrxchannel Telegram Customer Service: https://t.me/gemtrxofficial https://t.me/gemtrxofficial2
GEM-TRX Links: Official website: https://gem-trx.com/share?code=336661 Official page: https://www.gemtrx2.com/ Official Facebook page: https://www.facebook.com/gemtrxofficial/ Official Twitter: https://twitter.com/MINEGEMTRX Telegram group: https://t.me/GemTrx Whitepaper: https://tron.network/static/doc/white_paper_v_2_0.pdf Have you been looking into cloud mining cryptocurrency in 2022 but aren’t sure whether it’s profitable or not? In this article, we’re going to take a look at cloud mining in 2022, specifically cloud mining […]
The post The Best Cloud Mining Tron (TRX) Services in 2022 – Are They Profitable? appeared first on NullTX.
Cryptocurrency cloud mining has been developed as a way to mine crypto by using rented cloud computing power without having to deal with the technical know-how of installing or running any hardware directly yourself. People can participate remotely in crypto mining by opening an account on a cloud mining service and renting hash power for […]
The post GEM-TRX Passive Income Tron Cloud Mining appeared first on NullTX.
Investors will need 60 seconds to get started with crypto mining. All thanks to ChickenFast. The cloud mining platform with
The post has appeared first on thenewscrypto.com
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