With the growing adoption of cryptocurrency, options for passive income, such as cloud mining, are finding traction. Cloud mining enables people to lease processing power from remote data centers so that they do not have to buy hardware and can mine cryptocurrencies.
One example is BSTR Miner, a cloud-based model with fixed-contract terms and guaranteed daily returns.
Overview of BSTR Miner
BSTR Miner pretends to ease the process of mining by having users register for free and enjoying a $10 sign-up gift. Unlike classical mining, with its need for ASIC hardware and high energy demand, cloud mining platforms manage technical infrastructure.
BSTR Miner reportedly assists users from more than 200 countries and uses ASIC machines for optimized mining.
The site offers a number of contracts with guaranteed returns. For instance:
| Contract Price | Contract time | Fixed Return | Daily rental |
| $10 | 1day | $10+$0.6 | 6% |
| $100 | 2days | $100+$7 | 3.5% |
| $500 | 5days | $500+$33.75 | 1.35% |
| $1,800 | 15days | $1,800+$372.6 | 1.38% |
| $3,000 | 20days | $3,000+$846 | 1.41% |
| $5,000 | 30days | $5,000+$2,250 | 1.50% |
| $10,000 | 45days | $10,000+$7,560 | 1.68% |
These returns, while attractive on paper, raise skepticism. Industry-standard mining returns typically range between 0.2% to 0.8% daily, depending on market conditions. High and fixed ROI offers often spark concerns about sustainability, especially in an industry where mining difficulty and coin prices fluctuate regularly.
Guaranteed Profits vs. Market Realities
Further, BSTR Miner claims that users have the option to reinvest profits or diversify contracts so as to potentially achieve higher returns. Such financial models may, however, not show actual volatility in crypto mining.
Returns with guarantees without being subject to movement in the market are not typical in actual mining economics.
The site promotes daily payments and simple withdrawals, but the users should review the terms carefully. Some cloud mining sites impose high withdrawal limits, transaction charges, or delayed payments—problems that are not immediately apparent.
Due Diligence Is a Must
Regulatory supervision in cloud mining is minimal. Without transparency over mining activities or a third-party audit, users are advised to proceed with caution. Verifiable evidence of mining in the form of hash rate statistics or public pool addresses is not available on the website of BSTR Miner.
While BSTR Miner comes across as a friendly entrance option for beginners, the crypto community as a whole recommends checking for authenticity before deposits are made. Guaranteed profits and no-bonus offers tend to be warning signs, especially in the unregulated realm of crypto investments.
Overall, cloud mining with BSTR Miner could seem convenient, but customers should do so with keen research, risk discernment, and healthy skepticism toward promised high gains.
