Recent claims from PAXMINING regarding the launch of cloud mining for BTC, ETH, and XRP have sparked interest in the crypto industry, yet questions about their legitimacy remain.
PAXMINING's Cloud Mining Announcement
PAXMINING recently announced the launch of automated cloud mining services including BTC, ETH, and XRP support. However, this statement lacks official confirmation from verifiable company channels or its leadership.
Lack of Confirmation and Doubts
The circulated press releases lack endorsements from verifiable leadership or exchanges such as Kraken, casting doubt on its legitimacy. Reports suggest involvement with Kraken, however, there are no official statements from confirmed executives or verified company channels.
Need for Transparency in Cloud Mining
The situation highlights the necessity for transparent evidence in cloud mining ventures. For meaningful insight, stakeholders must rely on primary data, as historical trends show skepticism without verifiable proof.
The lack of official confirmation and regulatory endorsement continues to fuel doubt regarding the legitimacy of PAXMINING's claims. It is crucial for cloud-based projects to provide transparent and verifiable data.
