Review – Investor “Scammed out of $40,000!”

After receiving correspondence from a day trader who lost over $23,000 to the slick operators behind the scenes of Coinnet, we knew it was time to investigate this shady investment operation.

Coinnet, hosted at, is a highly deceptive Bitcoin mining scam promoting highly unrealistic income guarantees for cryptocurrency enthusiasts looking to make money online.

Projected monthly ROIs with Coinnet start at 300% and require a minimum deposit of $500.

We invite you to read our factual and comprehensive review below to learn more about Coinnet and WHY you should AVOID this dangerous cryptocurrency scam.

What is Coin Net Mining?


Coinnet is presented as a legitimate cryptocurrency mining venture that offers astronomical ROIs for a one-month’s investment.

While writing this review, Coin Net Mining allegedly had completed over 21,200,000 transactions to date while catering their platform to over 2.2 million investors worldwide.

To add to their bold claims, states that they have been online for seven years and have two mining farms.

Below are the two investment packages currently offered at

Regular Package

Return: 300%

Duration: 1 month

Investment: $500

Premium Package

Return: 500%

Duration: 1 month

Investment: $2,500

Bitcoin, Ethereum, Bitcoin Cash, and Litecoin are the only accepted payment forms available at

Who is Behind

According to their FAQ, Coin Net is a private mining company that operates with the AntMiner S9 and with the “best BITCOIN MINING POOL.”

The only way to reach out to the operators behind Coinnet would be through,, or

No reference to a physical address, telephone address, or verifiable ownership information can be found at

Disclosed in the footer of their site is a vaguely uploaded image of a company document that allows people to make out that Coin Net Mining (the alleged company behind is a registered company for England and Wales which can be verified through Company Number 6383421.

However, when you search this corporate entity across UK business registers, the entity does not appear to exist.


Domain Insight was registered on November 13, 2017, by Coin Net, based out of Shangai, China.

What we found suspicious is why only refers to “Coin Net Mining,” not solely Coin Net.

We tried searching Coin Net Mining along with their alleged company number of 6383421 across search engines. Still, we could not find matches verifying the legitimacy of “Coin Net Mining.” stated that they supported over 2 million investors, yet their site failed to secure any web rankings, which likely indicates that their site receives little to no traffic.

Coinnet Scam Complaints does not reflect much of a presence across the web, which could be why their misleading Bitcoin mining scheme may be lasting as long as it is.

Our attention wasn’t drawn toward Coinnet until one of our readers reached out to us to share their experience and asked us to warn the public.

Attached is the image below with a copy of the email with the day trader’s experience.


On May 16, 2023, we received the following complaint from a person who they scammed for more than $2.2K:

Coinnet Advisors offered me the opportunity to trade based on cryptocurrency movements and provided coaching to help me make profits. They repeatedly requested that I add funds to participate in their trading group. However, every time I reached a sufficient fund level, the group disbanded, and I was instructed to raise more capital to join their VIP group.

When I attempted to withdraw some of the funds from my Coinnet account, my request was rejected. They informed me that I needed to pay them a commission, but it couldn’t be deducted from my Coinnet account.

My communication with Teresa Allen, the liaison between the trading groups, Mr. John, and myself, significantly diminished. Recently, I have been blocked from accessing my Coinnet account.

Red Flags & Question Marks

Lack of Transparency

Before investing, you should always know who is at the helm of the venture in case things don’t go according to plan. only refers to “Coin Net Mining,” yet research indicates a different entity of Coin Net to be the existing entity.

They state they are a UK-based corporation, yet our investigation quickly debunked that, while their site failed to provide any verifiable contact forms such as a physical address or something as simple as a telephone number!

Unrealistic ROIs

The return on investments asserted by Coinnet is entirely unrealistic.

Claiming that you can generate returns of 300% to 500% within a month is ludicrous, even if it is caused by “Bitcoin mining” done by Coinnet.

No reference to the location of Coinnet data centers is shared; what a surprise.

Report of Theft

The only community feedback available regarding Coinnet would be from a day trader who suffered severe financial loss from Coinnet and their slick account managers.

Why invest in a platform that is not only shady but unverified across the community?

Is Trustworthy?

Coinnet is undoubtedly not a trustworthy Bitcoin mining operation. Scam Ruling

Coinnet is a classic example of a cryptocurrency scam targeting unsuspecting Bitcoin enthusiasts.

Allegedly functioning as a private mining company, Coinnet is built upon fabricated lies that quickly unravel when you connect enough dots.

Don’t believe the promise of rich reward through minimum effort; remember, if it sounds too good to be true, it probably is!

Verdict: Coinnet is a SCAM!

Blacklisted Site:

We invite you to share any experiences, insight, or feedback you may have below!


  1. JAC

    I lost my money with they are fucking scammers, I don’t know how to recover my money 🙁

    • Admin

      How much have you lost with them?

  2. bout

    I think I lost more than you have, but a loss is a loss and it sucks, all these scammers out there….

    If anyone contacts you from instagram or facebook promising high returns and claims to be bitcoin agent, don’t be fooled by them and don’t invest with them because they are scammers.

    I’ve lost so much money, probably over 100K to this by two companies, luckily these websites are not functioning anymore, but I am sure these same people will come up with new scamming websites to try and lure you.

  3. Amulakh Gajjar


    I Will invest in this site but your site news update to me. So My Hard Money not now loss……….


    If Any Legit Site Please inform to me for investment of btc.

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