Cloud mining services became widespread in 2017, when there was a booming demand for video cards, ASICs and other mining equipment against the background of a sharp increase in the value of cryptocurrencies. In addition to accessibility, cloud mining services from investors remove other problems related to the purchase and maintenance of mining equipment. That is precisely why these services have become popular, and in popularity, money and rush demand there scammers always appear. As you can easily guess, the cloud mining industry simply drowned out a wave of hype cloud mining projects or simply pyramids under the guise of cloud mining, especially since it’s as easy as tricking a trusting layman who is not versed in cryptocurrencies. At the peak of popularity, it came to the point that among all this numerous variety of “cloud mining” it was almost impossible to find really working projects. Now in 2020, when Bitcoin from 20,000USD fell to 3,000 USD, all such hypes ceased to be paid, but did not cease to exist. Many sites of such scam services continue to work, and on a new wave of interest in cryptocurrencies, they can again actively begin their advertising activities to attract money from gullible investors.