Unfortunately the only sure way to eliminate the scams is to not buy into them.
I invest in Bitcoin and Steem. I get both through legitimate channels. I mine Bitcoin using NiceHash and Hashflare. I earn Steem through blogging. All of these methods take careful planning, investment, and time.
Any site that promises huge returns with little investment is a scam. Most likely the scam is a pyramid of some sort, which means you may get paid once or twice, or you may lose everything (it's a craps shoot). You're better off gambling than you are "investing" in something that promises even a %50 ROI in less than 3 months.
Doing my own research on cost of equipment, mining from home has between a 180 and 212 day ROI. It also comes with a lot of noise and heat. Although some people say cloud mining is not worth it, you can get about the same ROI from Genesis, HashFlare, or NiceHash by buying a cloud contract.
I intentionally left out links out of courtesy, I have affiliate links for NiceHash and HashFlare if you would like to help me grow my own investment I will happily provide them for you, just drop me an e-mail at [email protected]
Indeed. To good to be true. Don't fall in these traps. Always be carefull.
Thanx for your reaction, there is much to learn and I am really excited about Bitcoin and crypto. This will be the future. That we all are self-sustainable, be our own bank and creditor, making self your products what you need, growing your own food or sharing it with others. So I am very positive about our future.
Thanx for your invitation I will send you an email message.
Absolutely, happy to help :)
Thank you, did you noticed that hashflare changed its policies between new contracts arrangement. The price is up and you get now a contract for one year.
That's very shocking;-(