Home » Blog » Scam » LTCMiner Review – Mediocre Investment Scam!

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 into 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 crypto investors of all experience levels. While LTCMiner may appear to be 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 package 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 of 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?

The same corporate entity allegedly operates Litecoin Miner 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 reflects an “Active proposal to strike off” status, which means that unless the company pays its dues, it will be disbanded and struck off 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 cannot find 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.

Complaints We Received

On November 30, 2023, we received the following complaint from a person who reported being scammed for $100:

I invested in the site ltcminer.com, believing it to be a reliable investment platform. For two weeks, I encountered no issues and received €1.92 daily. However, starting on November 30 (today), they informed me that my ‘IPV’ is empty and that I must wait indefinitely.

On May 13, 2024, we received the following complaint:

I purchased the 1.4 pack at https://ltcminer.com/account with the promise of unlimited withdrawals, yet I have still not received anything, even though I paid 230 euros.

Litecoin Miner Review Conclusion

Litecoin Miner is a variation of the StartMiner and BitMiner Ponzi schemes that we have previously exposed as scams. 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!

47 thoughts on “LTCMiner Review – Mediocre Investment Scam!”

  1. As of today I have not received any pay out and i am version 1.1.I have multiple pending withdraws of 1.0 or more past 10 some 15 days. IPV of .20 does nothing even if i try smaller increments of satoshi. I call site a scam.

  2. Litecoin Mining online. Received: 0.20000000 LTC – Transaction Receipt (TXID): e6d5d9de90370b98798c0fcca32d98f5189a46c66b6d7b065333135d67ed4d8

    Purchased the version 1.1 for .75 of a litecoin i just withdrew .2 ltc instantly hopefully i can do it a billion more times its in my coinbase wallet now but says pending…. Will update in a few days guys

    1. Litecoin Mining online. Received: 0.20000000 LTC – Transaction Receipt (TXID): e6d5d9de90370b98798c0fcca32d98f5189a46c66b6d7b065333135d67ed4d86 Earn Litecoin, visit: [affiliate link removed]

  3. Found this site ltcminer.com one night last year, paid the 1ltc to upgrade to v1.1 waited the allotted time and cashed out. Checked my account over at Coinbase and to my cock up I had only gone and input my Bitcoin wallet from a completely different coin bank and not my Litecoin wallet and linked to my coin bank I’m actually using. That being said, Never manage money after midnight… I have just found ltcminer.us and it’s run by the same Giacomo Buggini that is running the ltcminer.com site, I’ve checked his business number and it was liquidated some time ago now, even Google maps’ed his ass. If any one has had any legit payouts or even no payouts and proof of transfer to his account, I would be greatful if you could provide evidence of this to help others?

  4. I work for two monthes in free plan and have pending withdraw suddenly all my list of pending withdraw disappear and listed only last withdraw. I sent msg in there contact and no reply ,, it’s sure scam .. don’t lose your time and effort

  5. I too got suckered by this site. Buy in for 10 LTC, they will let you draw out 5. Then everything becomes pending. I have a feeling (from what I have read here) is that there really is no such thing as manual processing. Save your LTC!! They are all scams!!

  6. 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

  7. 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]

Leave a Comment

Your email address will not be published. Required fields are marked *

Were you SCAMMED online? Recover Your Money Now!
IQCentCrypto Betting Platform (CFDs)
Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies

Discover more from Scam Bitcoin

Subscribe now to keep reading and get access to the full archive.

Continue reading

Scroll to Top