Are bitcoin/altcoin lotteries legit or a scam?

Bitcoin Questions and AnswersCategory: QuestionsAre bitcoin/altcoin lotteries legit or a scam?

Mike Shaw asked 2 years ago

Recently I have seen a few recommendations that if you still had bitcoin miners or thought about getting into bitcoin mining then getting into a mining lottery would be better than a pool since the unit of work is so big now. One of the places I have seen suggested is called Nicehash. Have you heard of it?  Tried it, etc?

1 Answers
Ofir Beigel answered 2 years ago

Hi Mike,
I’ve heard the name in the post but didn’t look into it yet. I suggest treating all Bitcoin mining companies with caution. Please make sure you read this before moving forward as most of these sites are either unprofitable or just plain out scams.

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