MinerBit Review is Minerbit.co a Scam or Should I Invest

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Online BTCminer Review

Online BTCminer (Online-BTCminer.com) is a Bitcoin cloud mining platform which aims at making mining accessible to all the crypto enthusiasts. Their platform is very simple and easy to understand. They do have some concerning points but it all comes down to whether you prefer to work with unregulated firms or not.

We could not trace out the identity of the creators of this firm but that is acceptable because majority of the website holders prefer to use privacy protection services for the obvious concerns. This platform does not make any claims on returns because that depends upon a number of factors which no one can assess precisely.

If you were considering to buy any mining contracts from this service then go through our impartial review which will help you understand their operational model.

Company and Support

Though it is not a hard and fast rule majority of the firms which deal in the cloud mining sector features registration details as they act as a credibility boosting factor. They claim to be a Canadian registered company but there is no certificates showcased on their platform so we couldn’t verify them.

The only reason we gave them the benefit of doubt is because they house a free mining plan so they fall in the category of firms which upholds some type of reputation in this niche. One of the annoying thing about them is that they have not put up any contact details, if any potential investor or visitors have a query or question then there is no way of getting in touch with them.

How does Online BTCminer Work?

Online BTCminer is a cloud mining service. They have built mining farms and have purchase all the hardware necessary for the process. The investor by depositing funds into this firm become eligible for a share of profits which will be directly proportional to their initial capital.

Also any individual can get started with them within few minutes as there is no type of technical difficulties involved. On the other hand we do not know which machinery they use and what kind of costs they incur.

They state that they own 2 data centres in Europe and are planning to open up another one in North America. Since the exact address is not provided we could not verify them but they have defended for doing so by saying that they carry enormous amount of risk if they reveal their location.

We do understand the fact that they might get in trouble but as an investor this reason would definitely make us take a step back and reconsider our decision.

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Returns

There is no straight answer to this one. Crypto markets are expanding in size on a daily basis. As more investors come in to the markets the price volatility will not be as huge as it was earlier as there will be many buyers and sellers.

Another thing which makes returns almost impossible to predict is the difficulty involved in the mining process. This firm does not state anything about the returns expect that the average time period required to profit from them is around 4 months.

However, you should never have high hopes on the profits because the returns yielded by these activities is very minimal and is certainly not something which will excite you.

Domain Whereabouts

According to whois.com this domain was registered on 12/07/2020 and it expires on 12/07/2020. The registrant contact details are GDPR masked.

A quick search on alexa.com revealed that this website ranks 354,660 globally and it ranks 94,438 in India. Majority of the traffic landing on this site are from India, Iran, Pakistan, Philippines and Indonesia.

Is Online BTCminer a Scam?

Before the contract bought by you expires you can dilute the funds by selling them to other interested individual on their platform but do remember that you will get only 80% of the face value amount. If they were really a fake platform then they would not have taken care of these kind of aspects?

We got mixed impression about them when we saw the user testimonials online. Below we have gathered the comments made by the people on TrustPilot.com .

perfect btc mining site genuine to the core send and reply emails 24 /7 …..it good to have ur btc here

Poor customer service they never reply to all my emails. No contact number. SCAM!!

Online BTCminer Review Conclusion

Online BTCminer appears to be a legitimate site but since they carry a degree of mysteriousness around them we would advise all our readers to start out with a small deposit. Once you feel comfortable and sure about their platform then gradually you can increase your capital size.

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.

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.

The-bitcoinminer.com Review – Is The Bitcoin Miner a scam?

Beware! Bitcoin Miner is most probably a scam system! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

The so-called “crypto robots” are plaguing the online trading world and raising the risk of trading. They add no value and only worsen the reputation of online trading. A disgustingly made cringy video begins describing in great detail and with vigor all the opportunities that await everyone who has decided to invest with them. We learn that Bitcoin Miner can help you transform your financial future with all the opportunities that await. We also hear absolutely ludicrous statements such as – “the presentation here is exclusive and only 30 people have been chosen to see it, you are on of them.” Withstanding the euphoria from being among the “chosen ones” of the crypto robot, we hear only phony talk and no concrete information regarding the product. On the website we see that the man behind the whole operation is the coffee-drinking and smiling Dan Manson who is supposedly a big deal in the trading world and assures us a profit of at least $6000 is almost inside our pockets already. However, after digging a bit in regards to the crypto robot we came across disturbing information.

No company, no address, no country of origin

Our thorough research did not bring any surprises – as usual with crypto robots – which are pretty much all the same – we did not find any information on the website regarding the registered address, the supposed company behind the operation, nor even the country of origin. This is nothing out of the ordinary when dealing with crypto robots. The effort in finding a fake registered address on part of the scammers isn’t even worth it to them, because they will most likely be forced to create a new website, after the last is exposed by reviewers online. Furthermore, a quick search of the name Dan Manson yielded no legitimate results and figures only in other scam-exposing reviews. We would like also to bring attention to the fact that even though the crypto robot has put the logos of major media outlets like CNBC or Business insider, there is no mention of the crypto robot in the media archives. All this inclines us to believe that Bitcoin Miner is simply bait for trader’s personal information.

This is perhaps the most popular scam in the trading world. Precisely such websites, promising unrealistic winnings through crypto trading, mislead traders into registering and carelessly giving away their address, phone number and email. Minutes later, that same personal data is sent to brokers and the registered traders begin getting phone calls from unregulated forex brokers like BrokerOfficial or LDCCrypto urging them to invest. The Bitcoin miner probably wrests a piece from the initial deposit of the traders.

No verified track record

One of the biggest problems with crypto robots such as Bitcoin Miner and hustlers like Dan Manson is the fact that we have no way of being assured about the results, that our expectations will be met. Platforms such as eToro or Zulutrade allows you to search through the profiles of different traders, taking notice of his track-record in trading, whether losses or winnings are the majority. All this transparency further helps trust to be created between the client and provider. Something which is seriously missing with Dan Manson and his products. Traders are left relying only on the word of a badly-made website, and that hardly is enough.

No regulatory supervision

We should also point out that such operations are not overseen by any relevant authority. The people behind Bitcoin Miner are not bound by any government regulator and they can do pretty much as they please.

Last, but not least – mere way in which such operations seek funding is troubling. If Bitcoin Miner truly had something of value to offer, they wouldn’t be relying on cheap traffic through a badly-done website, but would have found alternative means of financing itself. They can apply for a credit. Another popular option among today’s crypto companies is raising money through crowd-funding. However, those options are available only for legitimate companies, and Crown Signals most certainly is not among those.

Having in mind everything that was laid out – we must say that Bitcoin Miner strikes us as a standard scam operation and we advise those interested not to risk it.

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