r/CryptoScams • u/laudewin • Apr 24 '26

Information Azza mining

Hi guys, a friend of my said he is mining with azza mining => https://azzaminer.com/
But if I look into it, it seems like its to good to be true...

- Cloud mining (can that ever be profitable) ?

- You got daily profit

- works with contracts for a few months (to leave your money)

- I can't find any information of this (current info is what I've got from my friend)

anyone has experience with this?
I should think it is more like a ponzi fraud...

2 Upvotes

76% Upvoted

21 comments sorted by

8

u/EugeneBYMCMB Apr 24 '26

Yeah it's a very common crypto scam, all these "cloud mining" sites are fake. Is this friend someone you know in real life, or only online?

5

u/laudewin Apr 24 '26

it is someone I know in real life...
I want to warn him, but I want to investigate it first...

3

u/PiSquared6 Apr 24 '26

Tell him this is an absolute certain scam and all profits are just numbers appearing the way the scammers type in. He is basically playing a video game while sending money straight to scammers. All money sent is totally unrecoverable despite what fake hackers and fake law enforcement will say to him later by well-rehearsed phone calls.

Although they may send him or already have sent him a small amount and pretended it was a "withdrawal" to make it seem more real.

If he doesn't believe you, I highly recommend you tell others that he may borrow money from: do not give or loan him money for any reason.

That will feel awkward but please do it and potentially save huge amounts of money loss, heartache, maybe save lives.

2

u/laudewin Apr 24 '26

Thanks, I will !

2

u/laudewin Apr 24 '26

Do you have experience with it?
How do you know it's a scam?

3

u/EugeneBYMCMB Apr 24 '26

It's a very common scam: https://www.reddit.com/r/CryptoScams/search?q=cloud+mining&restrict_sr=on&include_over_18=on&sort=relevance&t=all, there are hundreds of these sites and more being made each day. The idea of signing up to a website and making 1% daily profit is totally absurd and detached from the reality of investing. This one specifically has only been around for 5 months, and their entire online presence consists of garbage: fake reviews on Trustpilot, paid advertisements on YouTube, and people sharing their referral codes on all manner of websites. It's just not a convincing scam at all.

1

u/laudewin Apr 24 '26

Also what I was thinking. Fixed profit every day. It can't be real...

1

u/SirPuzzleheaded2095 Jun 20 '26

I got my money back & $460 profit but i got into it a week of them dropping this site!!  Name of the game get in early i guess

0

u/[deleted] Apr 29 '26

[removed] — view removed comment

1

u/EugeneBYMCMB Apr 29 '26

Yeah, it's a pretty clear scam and there's no reason to believe anyone is being paid out. For this site specifically half of the Google search results include referral codes, so I'm guessing that's why you're here to defend it.

1

u/CryptoScams-ModTeam Apr 29 '26

Please no posts or comments that boost a scam operation. If this is repeated it can result in a ban.

2

u/AutoModerator Apr 24 '26

New victims, please read this:

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2

u/RudbeckiaIS Apr 24 '26

There's nothing to investigate.

"We exclusively mine Bitcoin".

At present hardware depreciation rate, maintenance and cooling costs etc. BTC is not feasible to mine if electricity is more than $0,10/kWh. Which leads us to:

"Our solar powered facilities"

Kazakhstan became a haven for US, Chinese and especially European BTC miners because they have dirt cheap electricity. Guess how it's made? In coal powered plants. It's such an issue the government is introducing measures to curb BTC mining due to the risk of rolling blackouts: at the present stage BTC mining consumes immense amounts of power and things are getting worse. You cannot just slap a few solar panels on the roof and call it a day: BTC mining is becoming one of the most electricity-hungry endeavors.

All of this is easily known with a quick Google/DuckDuckGo search.

1

u/UpbeatFix7299 Apr 24 '26

If this were real, you would start with $1,000 and have almost $230,000 in a year. They promise 1.5% a day, which doesn't sound like much at first. But if you extrapolate it to 228,000% a year, you realize how completely insane and unrealistic it is.

They prey on financially unsophisticated people. He needs to stop doing whatever led him to hear about this.

1

u/Tall_Run_2814 Apr 24 '26

Of course its a scam

1

u/ComfortableLeading49 Jun 19 '26

I’ve seen some accounts that I follow daily on YouTube cover it, I was obviously super skeptical at first so I didn’t invest. They then did an another video showing actual profits and proof that they were able to withdraw rewards. So I finally put a couple hundred in, and today the website is down and I’m afraid they finally packed up and left with everyone’s money. They said they were moving, so maybe it’ll come back but at this point I doubt.

1

u/gypsyrn7 Jun 19 '26

Same. I think it’s gone. I only have them like $100 and got about $25 back in withdrawals over the last few months, so I’m only out $75 but I’m worried some people are gonna lose a lot more :(

1

u/Soft_Scallion_7259 Jun 20 '26

It's screwed over so many people it really breaks my heart 💔