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.
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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.
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.
Popularity
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.
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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!
Please share any feedback – positive or negative – you may have by leaving a comment below this review.
link for you to show MY ACCOUNT vimeo.com/252429431 on Minersale…
Gamer 1975,
Disclose the BlockChain transaction numbers, a simple video over a web template could have easily be manipulated whereas with Blockchain transactions they are peer-to-peer based and easily verified.
Thanks
Hello,
Can I add some information here to this conversation, Minersale is a cloud mining company and this is not hard to find out. Now there are many companies like Minersale, with bad intentions. Although this time you do in fact have your information wrong. I also mine with Minersale, so i really can have my own input here. Mining since July this year!!.. You only need to view their Facebook media pages to see this company is more than active and ready to help you with any queries in under 1 hour, Do your work a little further, and go research the full website and social media outlets in regards to scam site you are incorrect on this website ..
Anna Gartside
Hello Anna,
We would be more than happy to review any MinerSale evidence you may possess to take into consideration. Payment transactions, case resolutions and yield portfolios should be a simple request from you if you’ve been with their operation for some time now.
Thank you for your feedback and hope you had some great holidays!
You are so wrong buddy, cloud mining is good for people who do now want the noise, power and other expensives, Minersale offers great rates compaired to most other companys. As for listing this as blacklisted, you we hear from their legal team in regards to false information and slander. You are the person adding fake information. leadind to the conclusion you work for a cloud mining company,.. shamefull apporach … Minersale is a good site with a great team . do some real researh in future faker 🙁
Hello Fast Real News,
I do not believe I made any reference or statment about cloud mining being good or bad in this review. Certainly, as our reviews will show, the vast majority of cloud mining operations turn out to be scams so caution is always advised before committment.
Secondly, I have not added any false information into this review. Every component of this review was derived from information disclosed at the MinerSale website, SimiliarWeb and CompaniesHouse portal.
Thirdly, I have never made any reference in any of my publications that my past or current work experience has involved me working for a cloud mining company.
Lastly, the shameful approach would be you dropping a comment of no significant value and trying discredit this site. As our Blacklist will show, no other site is as committed as ours for protecting the crypto community as a whole from unverified and fraudulent scam operations.
However, if you have any signficant evidence pertaining to MinerSale being a legitimate operation we are more than open to accept and review your documentation then make any alterations deemed necessary to this review, if required.
Thank you for your feedback and have a great rest of your day.