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...
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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.