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Homepage > News > Business > Why XRP cloud mining often looks like a Ponzi scheme Crypto’s appeal has drawn many to promises of fast money, and cloud mining platforms, especially those involving XRP, have jumped on this. Marketed as a simple way to get passive income, XRP cloud mining claims to give crazy returns—maybe 100% to 800% APR—without needing expensive gear or special skills. But hidden beneath the shiny claims are big risks, with many platforms looking a lot like Ponzi schemes. With BTC still making headlines and prices above $120,000 in August 2025, we must look closely at the shady world of XRP cloud mining because of its misleading practices and unsustainable setups. Unlike BTC, which uses energy for its proof-of-work mining to protect its blockchain, XRP runs on a pre-mined system where all 100 billion coins were made at the start. Because of this significant difference, XRP can’t be mined like BTC or Ethereum. Instead, XRP cloud mining platforms usually have users fund deals that supposedly mine other cryptos, like BTC or Ethereum, with payouts in XRP. Platforms such as Jope Miner or MiningToken say you can get daily returns by renting computer power from remote data centers. The idea sounds great: invest XRP, relax, and watch the money come in. But the truth is much darker. The main risk is that they aren’t open about what they do. Many XRP cloud mining platforms don’t share important details about their work, like where their mining sites are, what hardware they use, or how they make money. Unlike normal mining, where you can check hash rates and energy costs, cloud mining is a mystery. Users just have to believe their claims of “green data centers” or “AI hash power.” In July alone, platforms were caught promising up to…

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Filed under: News - @ August 27, 2025 1:24 pm