If you have been considering purchasing a mining plan through MultiMining.Website then think again! Pretending to operate as a legitimate cloud mining operation, MultiMining.Website functions as anything but an authentic investment opportunity for cryptocurrency investors. Targeting the youthful and inexperienced crypto demographics, this viral cloud mining site has taken root and manifested itself into one manipulative and deceptive scam operation. To learn more about why you should avoid this crooked investment hoax, continue reading our unbiased review.
What is MultiMining.Website?
MultiMining.Website portrays their operation as a credible cloud hashing platform that enables cryptocurrency investors to enroll through their platform with the prospect of earning a daily return. As with most cloud mining schemes, MultiMining.Website requires prospective investors to deposit a considerable sum of Bitcoin into their platform in order to become eligible to receive daily returns. The more an investor is willing to deposit upfront, the higher the ROI they are promised in return.
Who is Behind MultiMining.Website?
MultiMining.Website relies upon the easily falsified UK based corporate database to serve as their credibility shield. According to MultiMining.Website, they are owned and operated by BitExplosion Ltd, a UK based private limited company headquartered at 89 Marlborough Road, London, United Kingdom, E18 1AA. Filed under company number 10757009, a CompaniesHouse report will reveal that this corporation was incorporated on May 5th, 2017, yet a WHOIS report will indicate that MultiMining.Website was incepted on September 16th, 2017.
As we have made clear several times throughout past reviews, these UK based corporations are only employed to create a false sense of credibility. If you input the BitExplosion Ltd corporate address for example you will realize that it is not a real address, which means that the creator behind this fraudulent operation likely employed an anonymous renting service to procure their address.
Furthermore, the alleged director behind MultiMining.Website goes by the name of Chris Palmer, whose disclosed correspondence address is 99 Malcom Rd, Llanelltyd, United Kingdom, LL40 1RX. As you can see for yourself in the image below though, this disclosed address does not appear to be valid either. In addition, we could find no relevant correlation between Chris Palmer and MultiMining.Website anywhere on the web.
How does MultiMining.Website Work?
Crypto enthusiasts who are set upon donating their bitcoins to MultiMining.Website are able to enroll with one of their 4 mining plans. All deposits must be conducted through Bitcoin transactions, which coincidentally are irreversible once sent, and range between 0.01 BTC to 5 BTC. Provided below are the specs of the mining plans made available:
Deposit: 0.01 BTC
Daily Return: 0.00288 BTC
Return/Minute: 0.0000020 BTC
Affiliate Bonus: 30%
Cumulative Return: ~0.3456 BTC
Deposit: 0.1 BTC
Daily Return: 0.03024 BTC
Return/Minute: 0.000210 BTC
Affiliate Bonus: 40%
Cumulative Return: ~3.63 BTC
Deposit: 0.9 BTC
Daily Return: 0.3024
Return/Minute: 0.0002100 BTC
Affiliate Bonus: 50%
Cumulative Return: ~36.288 BTC
Deposit: 5 BTC
Daily Return: 1.8144 BTC
Return/Minute: 0.0012600 BTC
Affiliate Bonus: 100%
Cumulative Return: ~217.728
According to the FAQ featured at MultiMining.Website, each mining plan comes with a 4 month lifespan. Each of the cumulative returns listed above are based upon a 120 day calculation, which is not claimed on their site but used in reference to obtain a better understanding of how absurd the ROI claims asserted on their site truly are.
Question Mark and Red Flags
The fabrication of corporate ownership in the deliberant attempt to build credibility does the exact opposite in the case of MultiMining.Website. Furthermore, the ROIs featured on their platform are absolutely ridiculous and are clearly used as a way to lure unexpected newbie investors into their deceptive Ponzi scheme.
MultiMining.Website had a SimilarWeb global rank of 34,753 with an India rank of 9,855 as of January 20th, 2018. Although this site may appear to be popular according to market intelligence sites, it should be noted that a considerable portion of this sites traffic is derived from traffic exchange websites like adbtc.top, which are used in the blatant attempt to make a site appear more popular than it organically is.
Compensating web surfers to browse their site so that they rank higher in search results is a malicious and shameful marketing approach. These extensive measures pursued by scammers just goes to show the extraordinary lengths that they go in order to obtain more revenue in the long-run.
Can MultiMining.Website be Trusted?
As we made clear from the starting blocks, MultiMining.Website is not a trustworthy investment solution. Promising returns that are not obtainable in any sane business model, it is evident that the creators behind this site are solely trying to entice as many inexperienced investors as possible out of their hard-earned bitcoins. Do yourself and others a generous courtesy by sharing this review and avoiding this fraudulent investment scheme.
MultiMining.Website Review Conclusion
MultiMining.Website is a bona-fide cloud mining scam! Operating as a Ponzi scheme, MultiMining.Website employs some of the oldest tricks in the books in order to create the illusion of credibility and security. If you are looking for a way to secure the longevity of your Bitcoin wallet, make sure you avoid MultiMining.Website and any website currently endorsing this obvious scam.
Review Verdict: MultiMining.Website is a SCAM!
Blacklisted Site: MultiMining.Website
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