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:
• Buy Parts for a Mining Rig in South Africa:
• Support UFD via Bitcoin: 1G5n6qFafWSYf8CZikZTXXcThpoxKeXK1K

• Genesis Mining:
• Hashflare:
• Nicehash:

Video was edited on:
• X399 Gaming Pro Carbon:
• Threadripper 1950X:
• MSI RX Vega 64:
• Trident Z RGB:
• Corsair H100i:
• ASUS PCI WiFi Adapter:
• Enthoo Evolv:
• Corsair LL 120’s:
• Thermaltake Toughpower RGB 850W:

Video was shot on:
• Panasonic GH4:
• Sigma 18-35 f1.8:
• Tascam DR-40:
• AKG Lavalier Mic:
• Rode VideoMic Pro:
• Benro Tripod & Head:
• Godox LED Lights:

For the intro/outro music by Kalyptra:
For the music in the video:

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