In our day to day job of exposing online scams and Ponzis, we come across all sorts of lies and allegations. Some of them sound so real that sometimes we find ourselves almost believing them, only to be brought back to reality by a slight misstep or contradictory statement. Some of lies we find in some websites, however, are so basic and corny that we are left wondering who exactly the site owners expect to be fooled by that BS. Unfortunately, quite a number of people get caught up in the world of lies and exaggerations and join the (long) list of victims of online scams.
To cut the long story short, we came across a Bitcoin mining site at btcgen.pro (and other domains as well, see below) by the name Bitcoin Generator while in one of our online sleuthing expeditions and found its concept so intriguing that we had to share it with you. In normal days, we would call this a scam review but today let’s call it a fool-buster. Sounds good? Okay.
Introduction to BTCGen.Pro
BTCGen.Pro, also known as Bitcoin Generator, is a recently released Bitcoin mining website that has one of the funniest (and most stupid) tagline we have ever seen. And we have seen quite a few.
Apparently, the site is created by a group of experienced ‘crackers’ who happened to discover a loophole in the Blockchain and use it to generate Bitcoins, which they then sell to you, or whoever else believes their lies. They refer to this loophole as an ‘exploit’ as can be seen in the header on the main page which reads ‘Bitcoin Exploit Engine.’
As it goes, the team of high level crackers and hackers are very good people. So good that they couldn’t sit on the so called exploits and had to share with the public – for FREE. Imagine that. Of course that’s a big lie, as you will find out as you read further, but hey, the best way to deal with a fool (and a scam) is to make them believe that they have fooled you.
How does the Bitcoin Generator work?
Bitcoin Generator, aka BTCGen.Pro, is actually a very simple and straightforward site, unlike most sites that we have come across. All you need to generate Bitcoin using the Bitcoin Exploit Engine on the site is your Bitcoin wallet an, an Internet connection and your computer or mobile device. Oh, and some money too, in USD.
Basically, you enter your Bitcoin wallet address and amount of Bitcoin you want to mine in the indicated slot located at the top of the main page and click on the ‘Start Exploit’ tab, which is slightly on the right. This will activate the generator which will go into overdrive trying to locate security loopholes in various mining pools and exploit them to extract Bitcoins. The time you will have to wait depends on the amount of Bitcoins you want.
The amount of Bitcoin you can mine at a time using Bitcoin Generator ranges from 0.15 BTC to 2.50 BTC and is transferred to your Bitcoin wallet as soon as the mining is completed. Allegedly.
Where’s the catch?
Forget all the catchy words you read on the site, the reality is very much different. See, BTCGen.Pro asks you to send a certain amount of money in USD in order to get access to their generator. They promise to double the amount by giving you twice as much Bitcoin as you would have received in ordinary circumstances. And that is all good. However, things take a different turn when you try to withdraw the Bitcoin so mined. The site asks you to send 0.007 BTC as ‘miner’ s fee’ before you can proceed with your withdrawal.
At the current exchange rates, 0.0007 BTC translates to about $7 which consequently makes Bitcoin Generator the most expensive mining site ever in terms of the mining fees charged. In ordinary circumstances, mining fees are only a few cents and barely go over a dollar.
As you can see, BTCGen.Pro is not only a scam, but also a grossly overpriced mining site. To make it worse, they only tell you about the extra cost when you want to withdraw your money. To give credit where its due (or undue, depending on your point of view), the site is a clever con.
Having used the alleged Bitcoin Generator exploit and received the above message, we knew that BTCGen.Pro was a scam and didn’t need any more confirmation. However, we had to look at what other people were saying in online forums for our readers’ sake. We visited the BTCGen.Pro YouTube page where the promo video is posted and looked at the user comments. We also visited other online blogs and forums and all we found were negative comments, some even bordering on death threats. If only websites had lives and could be killed…
Below are some comments from people who tried out the Bitcoin Generator system.
“it said it’s free then will ask you to pay the miners before you can withdraw” – Johya
“Guys I realized it’s scam before I payed that fee. Should I just pay or will they try to fuck me somehow? Please help, I’m a beginner” – fareehd
“I paid the miners fee and still waiting for my payout.” – bitttader5
“I think they are looting innocent people. Aren’t there any regulatory body who could ban such sites.” – amychur
Of course, there were so many comments, most of them negative, that we couldn’t list them all. Nonetheless, the above comments serve both advisory and cautionary purposes. These are people who actually tried the system and got conned but were empathetic enough to share their experiences with the world to prevent more people being conned.
If you have been scammed by the Bitcoin Generator at btcgen.pro, please leave a comment below and tell us about your experience!
Conclusion: Avoid BTCGen.Pro, it’s a SCAM!
We have proven, beyond any doubt, that BTCGen.Pro is a scam and an overpriced service that will leave you broke and crying. It won’t make any sense for you to use such a system, which also has so many bad reviews. You are better off buying a burger in the corner shop to eat on your way home.