Ponzi schemes are still running rampant through the world of Bitcoin and other digital currencies. Despite the massive losses by “investors” when CryptoDouble shut down, people still keep investing their Bitcoin into other ponzi schemes in the hopes of making a profit while the program is relatively new. As a result, we also see new “types” of ponzi schemes appear, such as PonziCloud.
PonziCloud – Bitcoin Cloud Service
Needless to say, ponzi scheme operators are adapting to the current situation involving Bitcoin and cloud mining. With several companies forced to pause their cloud mining operations, as well as several ASIC manufacturers going bankrupt or even disappearing altogether, Bitcoin mining is not in a good state right now.