BTC-Miner.online is a crypto mining solution which claims to provide an easy way to mine bitcoins in the most effective way possible.
You should just enter your Bitcoin wallet address, select the amount you want to invest and get started right now. Sounds pretty simple and straight forward, right?
While we were investigating this service, we were convinced that this platform is a fake investment platform and has similar characteristics to the much hated ponzi scheme. This service has been active for more than 6 months as of publishing this review.
Continue reading our complete review to find out why you should never indulge with this service and never buy any mining contracts from these scammers for any reason.
Company and Support
There isn’t any information about the creators behind this platform. The level of anonymity and mysteriousness surround this service is not only disturbing but also strongly encourages the investors to question the legitimacy of their operations.
Any sort of investment companies which raises money from the public have to be regulated and authorized in most countries. This firm basically offers mining contracts and according to the type of contract chosen by the investor they are entitled to get certain amount of returns.
The address of their office is unknown. Since this firm does not feature any details regarding the registration, we believe that they have no rights to take money from the public and are operating illegally.
The only contact detail provided on this website is an email address.
How can they expect the investors to trust this platform without revealing any of the details about their firms or provide some sort of guarantee for their funds?
How does Btc-miner.online work?
This service is a cloud mining platform which offers the individuals a way to earn bitcoin with just their personal computers or laptops. This firm uses the funds raised from the clients to maintain the mining rigs and upgrade to sophisticated machines to ensure the maximum profitability.
The major red flag we came across in this platform is the fact that they have not revealed any of their mining capabilities and the details about where their farms are located.
Promises and Features
The amount of returns in mining depends upon the has rate, electricity cost and the duration of the operation. In the promotional video put up on this website they show that the hash rate can be increased by optimizing the power and the number of threads.
If you check any of the legitimate mining solution they you can easily see that fabricated lies on this platform. Even with a considerable amount of hash rate, it takes a significant amount of time for reaching break-even point let alone profit. The ambiguity on this platform is just intolerable.
Deposit and Withdrawals
The only payment method accepted by this platform is Bitcoin. Since this platform does not have an Frequently Asked Question section we do not know if there is any transaction fees on deposits and withdrawals.
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The time taken for processing withdrawals is not specified.
According to the data provided by whois.com this domain was registered on 19/01/2018 and it expires on 19/01/2019.
This website has a global rank of 124,259 and it ranks 55,328 in Russia according to alexa.com.
The majority of the traffic to this website are coming from Russia, Lithuania, United States, Indonesia and India.
The website is available in English and Russian language.
The main reason why this website has gained so much popularity in such a little time is because they have invested significant amount of money in ad networking websites like mellowads.com.
Viral ponzi schemes like this firm are aware of the fact that they can’t operate for long. So to earn maximum amount of money before they get shut down, they have to keep on finding more victims. In order to reach more people, they offer attractive incentives to anyone who promote their platform.
The affiliates are paid a percentage of deposits made by their referrals. The exact commissions percentage is not specified by them anywhere on their platform. It is not mandatory for the affiliates to have an active deposit in order to collect their commissions.
Can I trust Btc-miner.online?
The short answer is NO.
Seriously, take a look at their platform. The whole website is nothing but a sleazy sales page with just a edited promotional video which promises to earn 1 Bitcoin in less than a day depending upon the contract you enter.
Most of the information put up on this platform is either fake or highly misleading to say at the least.
Btc-miner.online Review Conclusion
Btc-miner.online is a ponzi scheme which is currently paying some of the investors but once the deposit amount drops below the withdrawal requested they will shut down and disappear with your money.
If you were scammed by Btc-miner.online, Please share your opinions and feedback by commenting below.
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