Is Cloud Mining a SCAM?!?!

Cloud mining services such as Genesis Mining, Hashflare, and NiceHash are always spammed in the comments with their affiliate codes, but are they a legitimate way to earn cryptocurrency? Can you actually make money from them? Are they a scam?

• Buy Parts for a Mining Rig from Amazon: http://amzn.to/2jSSsCz
• Buy Parts for a Mining Rig in South Africa: https://goo.gl/6Tasrn
• Support UFD via Bitcoin: 1G5n6qFafWSYf8CZikZTXXcThpoxKeXK1K

• Genesis Mining: https://www.genesis-mining.com/
• Hashflare: https://hashflare.io/
• Nicehash: https://www.nicehash.com/

Video was edited on:
• X399 Gaming Pro Carbon: http://amzn.to/2iPnnzB
• Threadripper 1950X: http://amzn.to/2ikITbh
• MSI RX Vega 64: http://amzn.to/2A2JW7Q
• Trident Z RGB: http://amzn.to/2prkDHI
• Corsair H100i: http://amzn.to/2gRg0mU
• ASUS PCI WiFi Adapter: http://amzn.to/2teOAwm
• Enthoo Evolv: http://amzn.to/2oHZU5o
• Corsair LL 120’s: http://amzn.to/2z1w25M
• Thermaltake Toughpower RGB 850W: http://amzn.to/2lSKNUv

Video was shot on:
• Panasonic GH4: http://amzn.to/2tyKUpJ
• Sigma 18-35 f1.8: http://amzn.to/2tyDKBB
• Tascam DR-40: http://amzn.to/2tRVLxo
• AKG Lavalier Mic: http://amzn.to/2uzaVW3
• Rode VideoMic Pro: http://amzn.to/2uzxOZf
• Benro Tripod & Head: http://amzn.to/2u0P9xk
• Godox LED Lights: http://amzn.to/2uTeHJ2

For the intro/outro music by Kalyptra: https://goo.gl/KyLzTB
For the music in the video: https://goo.gl/IMZC9A

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Thanks to Tancrid “Tank” Muller for writing this video!