MinerSale.com employs a classic scam marketing approach in the attempt to solicit bitcoins from prospective investors. Abiding by the common too good to be true marketing approach, Miner Sale promises ROIs that don’t remotely dwell within the vicinity of being conceivable. Promising returns that equate between 4 to 10 times the deposited value is ludicrous for any investment service to guarantee, which is why we implore all readers to read our transparent review before donating your bitcoins to the unworthy MinerSale operation!
What is Miner Sale?
Miner Sale claims to be a managed cloud mining service. Investors who deposit through their platform are allegedly able to join mining pools where they have the option of mining Bitcoin, Ethereum, Litecoin, Dash, Zcash and Monero. Apart from offering cloud mining services, MinerSale claims to develop crypto technology such as ICOs, crypto wallets, and mining hardware sales. While some cryptocurrency hardware can be found at MinerSale.com, the site is mostly known for their cloud mining platform.
Who is Behind MinerSale?
MinerSale.com is owned and operated by a private limited company known as MinerSale Limited under company number 10792400. Reflecting an active company status, MinerSale Limited has a registered office address of Penhurst House, 352-356 Bettersea Park Road, London, England, SW11 3BY according to a CompaniesHouse report. Incorporated on May 26th, 2017 this corporation is directed by a Latvian business manager known as Raitis Kaucis, who was born in November 1982 and resides within the United Kingdom.
As we have made known in past reviews, just because a Bitcoin or cryptocurrency related launch is backed by a corporation does not make the site in question more legitimate. While short-term this may appear to be legitimate, oftentimes a little bit of research will reveal the contrary. For example, the said building address of MinerSale Limited is also the same corresponding building address provided for 37 other corporations.
How does MinerSale Work?
MinerSale operates in a deposit and forget it type of manner. All investors have to do in order to reap long-term rewards through MinerSale would be to deposit BTC, Litecoin, Dash, Zcash, Monero or Ethereum through their platform. Since bitcoins are the most popular cryptocurrency, naturally the returns promised through your potential Bitcoin investment are the most lucrative.
While most other cloud mining operations only accrue an annual yield percentage fluctuating between 25% to 30%, MinerSale claims to generate cumulative bi-annual returns that are vary between 400% to 850%. Allegedly once your cryptocurrencies are deposited through their platform, their team of crypto miners will then do all the hard-work for you where you can sit back, relax and harvest the profits of your investment. Or at least that is what they would like for you to believe.
Miner Sale Complaints and Red Flags
Not much investor feedback has surfaced in regards to MinerSale. Of course some mixed feedback can be found in regards to this operation, but overall there isn’t much to go on. This is when we have to stick with the facts and weigh the red flags. Although MinerSale may appear to be a legitimate operation ran by a credible corporate entity the returns promised are so unbelievably high that we cannot overlook those unachievable figures.
Can MinerSale.com be Trusted?
Absolutely not. No mining operation can sustain their business model on a long-term basis, which makes us believe that this operation is nothing more than another Ponzi scheme. Using the deposits of new investors to fulfill the withdrawal requests of older investors while keeping a chunk of the deposits for themselves is how suspicious operations like MinerSale function short-term.
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It isn’t until the volume of new depositors fails to reach a sustainable level of withdrawal requests that operations similar to this just resort to the flat out theft of all deposited cryptocurrencies. Although Miner Sale may not have resorted to these measures yet, it is only a matter of time before they do.
A SimiliarWeb report will reveal that MinerSale.com is not a very popular site and has a global rank of 962,567 as of November 29th, 2017. Almost 40% of the traffic that visitors MinerSale comes from referral and social based sources such as adbtc.top, a paid traffic exchange site, and YouTube.
MinerSale Review Conclusion
Through the information provided above, it is obvious that MinerSale is an operation targeted towards the novice crypto investor demographic. The returns promised at MinerSale.com are outrageous and are blatantly outlandish in the hopes that investors will be gullible enough to invest through their platform. Supporting a clearly unsustainable business model, it is only a matter of time until MinerSale gets classified as a Ponzi scheme. Do yourself a courtesy by avoiding this deceptive scam operation!
Review Verdict: MinerSale cannot be trusted!
Blacklisted Site: MinerSale.com
When it comes to mining bitcoins, we believe in practicality and equipping yourself with the most legitimate mining destinations possible. Learn about the best bitcoin mining operations by reading our Cryptocurrency Mining Guide!
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