Beware! Cloud Mining Scam Exposed, 5 Safer Ways to Make Money-Especially staking crypto
The post Beware! Cloud Mining Scam Exposed, 5 Safer Ways to Make Money-Especially staking crypto appeared on BitcoinEthereumNews.com.
The crypto space is filled with scams and cloud mining is one of the most popular ones and if you’re not aware, you can easily fall victim. On March 6, 2025, the North American Securities Administrators Association (NASAA) released a warning stating that 38.9% of surveyed regulators expect an increase in AI-driven crypto frauds this year using sophisticated tools to dupe unsuspecting investors. Cloud mining which promises profits by renting computational power has always been a breeding ground for scams – operators collect funds, promise easy returns, and then disappear. Posts on X echo this frustration as users are lamenting lost investments to shady platforms in recent weeks. Amidst all this chaos, legitimate alternatives like staking crypto provide transparent and blockchain-verified ways to earn crypto staking rewards. This article will delve into the cloud mining conundrum and explore 5 other ways to grow your crypto wealth. 1. Crypto Staking Crypto staking is the process of locking up your cryptocurrency in a digital wallet to support a Proof of Stake (PoS) blockchain’s operations such as validating transactions and securing the network. Unlike traditional mining which requires energy-intensive hardware to solve complex puzzles, staking is sustainable and only requires you to hold and commit your tokens. Yields depend on the blockchain, staking duration, and market conditions. OnStaking, founded in 2015, is one of the best crypto staking platforms serving over 735,000 users across more than 70 blockchain networks. With a total investment of $130 million and 250,000 registered accounts, it has built a reputation for reliability and user focus. Here is a snapshot of their staking plans, combining daily earnings with optional referral bonuses: Staking Plan Investment Duration Daily Earnings Referral Rewards Total Earnings Free Trial Staking $100 1 day $1.00 $0.00 $1.00 POL Staking $200 3 days $2.50 $0.00 $7.50 Chainlink…
Filed under: News - @ March 8, 2025 8:17 pm