I'd say that it depends. Everone who buys a mining contract or mining hardware should be aware of the risk. There's nothing scammy about the odds not being in your favour when taking such a high risk. Of course, the line blurs if it comes to maintenance fees and when all risk is outsourced to the customer. Having crazy referral programs, empty promises about profit, and selling thin air by lying about having hardware is where I draw the line to call it a real scam.
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I respect that, but I will always be an avid believer that buying the coins and tokens themselves is the best option.
I wouldn't disagree with that per se. In most cases, odds are in your favour. I even came to the same conclusion for my situation. Electricity and housing costs are too expensive for me to have my own mining setup. It couldn't compete with the rest of the world. And mining contracts are too risky due to the added overhead of costs, which lowers the profit and strongly couples it to the Bitcoin price. I'd even agree with you to call it a scam when all expenses and risks are outsourced to the customer and the cloud mining provider can walk away with profit (or breaking even). So... No mining for me either 😅
Yeah, the whole thing just never sat well with me, but to each their own I guess.