Bitcoin mining scam urban

We also list all the Companies that have had dubious reports on forums from the community. For example there are a lot of sites that compare mining contracts for Bitcoin, Litecoin and Ethereum – but they are rewarded by the scam artists for sending potential users to their sites.

So these comparison sites don’t really mind running a fake advert for some scam artists as they get a share of whatever the victim hands over! They just quietly take the money and allow themselves to be led by the hand and not looking after their users. In and there has been a shift from mining rigs being used by individuals to it being too expensive for individuals alone to carry out – so the market for cloud mining has grown and grown. This has caught the eye of the scam artists who have set up a number of cloud mining sites offering mining contracts for Bitcoin, Ethereum and other alt coins.

What is Bitcoin Mining?

With any industry the scammers have to stay one step ahead of those policing it. With Bitcoin it is incredibly difficult to get any distinct proof as the industry is geographically spread – but there are red flags we look for that usually mean somethings up.

Here are some of the tricks they use: The domain name is never registered to a real user but is instead hidden. They register a Company – a number have done so in London to give the illusion of prestige – but the Directors are often registered as foreign residents where identity requirements are easily faked. They are evasive when asked to show proof of their equipment.

They set aside funds and use initial funds from clients to make payouts to again give an illusion of respectability and honesty that then will generate more clients.

What is community feedback regarding the website?

Что такое облачный майнинг?

Currently there are only a few reviews regarding this operation where most of the verdicts concluded would be that CryptoMining is a Ponzi system. How popular is the website? Other countries where this site is slightly popular are Spain, Turkey and Mexico. People are referred to CryptoMining Fabricating user testimonials so that you are more likely to sign up through their platform is downright pitiful and immoral.

Are you ready to continue your quest?

Do not waste your time, energy or bitcoins on the CryptoMining investment scheme, we can assure you nothing but loss and frustration will result. Take control of your Bitcoin earnings and learn how to apply valuable information from our Cryptocurrency Mining Guide! Have you been scammed by CryptoMining? We encourage you to voice your experience by sharing any feedback — positive or negative — that you may have below!.