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LTCMiner Review – Mediocre Investment Scam!

Hosted at LTCMiner.us (previously: LTCMiner.io), LTC Miner is another shining example of an elementary designed Ponzi scheme that has successfully nested its way in the cryptocurrency domain. Operating as a Litecoin mining operation, Litcoin Miner looks like it could be a safe and trustworthy investment opportunity for those with Litecoin to spare. Showcasing an immaculate site interface, this one-stop mining operation could deceive even the most experienced of investors.

As you will unravel for yourself throughout the duration of our unbiased review, Litecoin Miner promotes desirable returns that allure to crypto investors of all experience levels. While LTCMiner may appear to be to a reliable investment solution, the facts bestowed to you in this review will convince you otherwise.

ltcminer.io - Litecoin Miner
LTCMiner.us

What is Litecoin Miner?

Litecoin Miner is an online platform that allegedly mines Litecoin for investors who deposit through their site. The volume of litecoins an investor departs with will dictate which mining package an investor gets enrolled with. As with most illicit mining operations, LTCMiner claims to host a variety of cryptocurrency miners yet we aren’t provided with any transparent evidence to confirm these operational guarantees.

How does LTCMiner Work?

LTCMiner.io takes the deposits of investors to enroll them in 1 of 4 separate mining packages. According to the site, Litecoin miners will then harvest and mine litecoins for you to fulfill your mining packages minimum daily return for all eternity. As with most operations that promise far-fetched returns like Litecoin Miner, all of them seem to function off the unsustainable business model of a Ponzi scheme.

Basic Version 1.0

Deposit: 1 LTC

LTC/Min: 0.00014 LTC

LTC/Day: 0.2 LTC

Affiliate Bonus: 30%

Standard Version 2.0

Deposit: 5 LTC

LTC/Min: 0.0007 LTC

LTC/Day: 1 LTC

Affiliate Bonus: 40%

Standard Version 3.0

Deposit: 15 LTC

LTC/Min: 0.00021 LTC

LTC/Day: 3 LTC

Affiliate Bonus: 50%

Premium Version 4.0

Deposit: 40 LTC

LTC/Min: 0.0105 LTC

LTC/Day: 15 LTC

Affiliate Bonus: 60%

LitecoinMiner Scam Test

Does the website promise unbelievably high returns?

Yes! The returns promised through Litecoin Miner are beyond the scope of possible. The business model employed through this operation is unsustainable without question and it is evident that LTCMiner.us is just another Ponzi scheme. Relying upon the deposits of new victims to acknowledge the first couple withdrawal requests authorized by new users is how this scam will function.

LTCMiner - Plan/Return

Is there any information regarding the owners of the site?

Litecoin Miner is allegedly operated by the same corporate entity as BitMiner and StartMiner, both of which we exposed as malicious investment scams! The company supposedly operating Litecoin Miner is known as BitMiner Cloud Eu Ltd and can be researched further in a CompaniesHouse report by searching company number 09951039. As the report will verify, the company status is reflecting an “Active proposal to strike off” status which means that unless the company pays their dues they will be disbanded and struck of the business register.

How old is the website?

A whois.com search will reveal that LTCMiner.io is a semi-new operation that was created on July 15th, 2017. Unfortunately the domain was privately registered which means we are unable to find out any information regarding the creators behind this Ponzi scheme.

Does the site have a physical address?

While the site provides a physical address of 20-22 Wenlock Road, London, England, N1 7GU, we believe it highly unlikely that this operation is headquartered from that location due to their company status and known corrupt nature.

Are any legitimate sites affiliated with Litecoin Miner?

No legitimate sites are affiliated with LTCMiner. Only bonafide scam sites such as StartMiner.com and BitMiner.io have shown a connection with Litecoin Miner.

How popular is the website?

LTCMiner.io had a SimiliarWeb global rank of 32,679 as of December 2017. The site is popular in Brazil and Venezuela. People reach the site also from the United States, Russia and Ukraine. Over 80% of the referral traffic the visits the site originates from traffic exchange sites where users get paid to browse various sites in order to give the misconception that the site is more popular than it organically is.

Litecoin Miner Review Conclusion

Litecoin Miner is a variation of the StartMiner and BitMiner Ponzi schemes that we have previously exposed as scam. It goes without question that Litecoin Miner is not a trustworthy or legitimate Litecoin mining platform, not to mention that the returns promised reside within the realm of being too good to be true. Avoid this bogus cryptocurrency rip off and all sites shown to be affiliated or endorsing this scam.

Review Verdict: Litecoin Miner is a SCAM!

Blacklisted Site: LTCMiner.io & LTCMiner.us

Have you lost litecoins to Litecoin Miner? Please share any feedback you possess by leaving a comment below!

Looking for a dependable cryptocurrency mining operations to invest with? Learn about the best mining operations by reading our Cryptocurrency Mining Guide!

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39 Comments

  1. one fucked guy

    this ltcminer.us is complete scam they let you withdraw your little mined ltc in start to scam you but when you purchase v1.4 as i did, they are now laughing on me . they fucked me

  2. Mol10

    It has to be some kinda of scheme but still are some have been profitable. I have done alright… not big returns or nothing like but real returns for nothing other than leaving computer on with browser open to mine. First return took 10 days after withdrawing .01 ltc since I was only using v1.0, since then I have become a v1.1 user after signing one other persone up using my referal code [referral link removed] So before it took me 4 days to earn .01 ltc, now it takes alittle less time. For me its just taking it slow and easy… you know the saying right, lol!? Anyways thanks for reading and use my referal code please [referral link removed]

  3. hamed

    Litecoin Mining online. Received: 0.05000000 LTC – Transaction Receipt (TXID): goo.gl/2rDvZg Earn Litecoin, visit: ltcminer.us/627339

  4. Errol

    I withdrew 0.2ltc. It was removed from my total, but nothing was deposited into my wallet. That’s over 1 month now.

  5. Ismail

    I think it was legitimate, but takes a little long time to approved. I just use the 1.1version, and withdraw 0.5 and it was okay and smooth. But taking 5 days to be approved

  6. YuHang

    Thank you,man,you saved my time and my money.I can delete anything about sites similar from my disk,my note and my memory now.

  7. Jurij Kuhar

    So, people, how many of you did report one or another LTCMiner* scam site (and their owner(s), including web provider) to the authorities by now?!?
    (There are many opitons, like your local Police, or go to: actionfraud.police.uk/asov, or perhaps even complaint.ic3.gov/.)

    More criminal reports to the authorities should cause more presure upon official institutions and thus greater chance they will involve into this case more seriously, more deeply and thoroughly at all!

    P.S.: There is always a chance, however, those two sites are actualy – so to say – an ongoing “Government’s” (…) little crypto experiment …

  8. TWPan

    Scam… ltcminer.us is a real scam.
    Do not send any ltc or you will loose you coin.
    I sent 20 ltc to buy ver 4 but nothing happen!
    Shitt!

  9. Johanna Altamirano

    fijencen en el administrador de tareas y se darán cuenta que el uso de pc es bajo y se supone que cuando minan eso debe subir hasta 50 o 100%

  10. jose faus

    yo compre la primera version el litecoin estaba en 60 euros ahora la pagina no se habre que debemos hacer ahora hay alguna plataforma para denunciar

  11. Crypto-homeless

    Tested free version. Suspected scam when opened account #2 from the same IP. Was 100% sure about the scam nature of the website sometime by account #40. Stopped creating new accounts pending payout from the oldest one. Needless to say – free version didn’t pay. Forgot all about it for over a month. Tried logging in today – and the website “refused to open”. Error message in chrome suggested to check cables. But my cell phone doesn’t have any cables hanging. Maybe I should check cables at that free miner? Maybe chrome is right and loose cables stand between us and our payouts?

  12. Jurij Kuhar

    Hello, does anyone have or know of any OFFICIAL reason for the closure of the ltcminer.io website? I mean from any of the law enforcement institutions, like NFIB etc.?
    It would be great if all the “suckers” have come together somehow and file some sort of a collective criminal report and correspondingly claim the obviously stolen funds!!!

  13. Michael Brown

    Thanks for this review! It appears at this moment (1/17/[email protected]:30pm EST) the site is down. I never received a payout from the free account either. The only reason I didn’t pay, was because LTC went from $100 to $350 when i was considering it. Thanks again!
    Mike

  14. Chatterjee

    site seems to be now closed and is not opening up. Yesterday also I had worked and it opened and was functioning but from today about an hour before when I woke up and first attempted to open to check the balance, the site is not opening.

  15. WPHL-DB URock Philly (@urockradiophl)

    So has anyone been able to receive the a payout from mining for Free? You know once you reach .01 as it says you can.

    • Michael Zachary

      Your given an instant pay out value when u start and it increases as u upgrade versions but ipv is so small it doesn’t really do much anyway I was able to take out 60$ worth of litecoin and than I was out of ipv and I had 48 litecoin in total on my website and was never able to cash it out cuz I was out of ipv so I was waiting over a month for Manual cash out and still never got it…I also invited referrals and never got any ipv points for that

  16. Chris Hayes

    This is a scam, it’s been over 26 days and I got no pay out. This company took my money and now I have to find someone and rip there fucking head off!! Yes this is a threat to ALL employees of litecoin.io!!!

  17. Nitin Jaiswal

    Glad i saved my time after reading and experimenting so much about the ltcminer, i get to know from one of my friend. He taken basic model and all coin gone company didn’t paid at all.

  18. K

    We too tested the upgraded miner. Fortunately we upgraded when the price of litecoin was < 1/3rd what it is now. After having mined a decent amount of coin and after exhausting the instant 0.15 LTC payouts, we made a withdrawal request for a small amount, which said it would take 10+ days for alleged "manual processing.". We are 15 days out and have yet to receive any kind of payout. DEFINITELY A SCAM! STAY AWAY!

  19. John

    So before reading this, I did buy the v1.1 for 1 LTC. So far I have been able to withdraw my “IPV”. Of .15, hoping to at least get my money back after reading this. Was going to mine for 25 days to accumulate the 5 LTC to buy the next step. Probably won’t be doing that now.

  20. Phil

    I Paid 1TC up upgrade to their V1.1 Miner. I’m not 25 days in and not had a payment, the contact form does not get you a reply also. This is without a doubt a SCAM please stay away!!!!!!

    • ROBERT YOUNG

      I fell into the same honey trap. But with me withdrawing works instantly but only up to a limit. Then they say it takes longer. I hope it will work so I get my money back at least (0.5 LTC).

  21. CW

    i’m the same way. i happened to see the ad on one BTC faucet site, so i clicked on it. all i had to do was go to the site and i already have an account. it seems to be giving me LTC, and I didn’t even have to register. if my first withdrawal is successful ( to a LTC address that I don’t have anything in) then I’ll continue getting free LTC til it dies. steal from the thieves and sleep better at night.

  22. Mark

    Not yet but I will take all the free coins and not give them any of my lite coins!!!
    Glad I read this before I sent them any of my lite coins cause they are very valuable now!!!

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