Review Is Crypto Miner Scam or Should I Invest

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Crypto Miner Review: Scam or should I Invest? CryptoMiner is offering enticing investment plan. Is legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Crypto Miner Scam Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP?

It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

How To Know a SCAM HYIP

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform? i s not a legitimate investment platform . Don’t be deceived by their promises.


Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Cryptocurrency Investors Should Watch Out for Scams

Keep eyes open when buying Bitcoin, similar products

by John Waggoner, AARP, February 21, 2020 | Comments: 0

En español | If you like investing in largely unregulated currency markets noted for appealing to criminals, then cryptocurrency is right up your alley.

Just last May, hackers stole $40 million from crypto exchange Binance. But even if you have never had any problems using digital currency, you shouldn’t be surprised that the world of Bitcoin, Ethereum and other cryptocurrencies is rife with fraud.

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How it works

A cryptocurrency is an electronic currency — not paper bills or metal coins — that operates outside governments and central banks, such as the Federal Reserve Bank. Owners keep cryptocurrencies, such as Bitcoin, in electronic wallets, which are password protected. You can transfer money between wallets anonymously to buy a pizza, sell a car or even pay a ransom, provided the other party in the transaction accepts Bitcoins.

Some of those other parties include AT&T, Microsoft and, although many businesses don’t accept cryptocurrencies.

Bitcoins can be bought and sold on exchanges using U.S. dollars and other traditional currencies. And new Bitcoins are created by harnessing a computer to solve increasingly complex mathematical problems, a process called “mining,” which requires major computing power and lots of electricity. Those who solve the problem are rewarded with a Bitcoin.

Bitcoin and other cryptocurrencies are recorded in a ledger called a blockchain, which is virtually impossible to change.

The value of cryptocurrency shifts daily, according to market conditions. Those swings can be enormous. In the past five years, Bitcoin, the most widely traded cryptocurrency, soared 7,884 percent, from March 31, 2020, to its record high of $19,497 in 2020. It now trades for about $10,150. Currently, there are more than 1,000 cryptocurrencies worldwide, the three largest of which are Bitcoin, XRP and Ethereum.

Their drawbacks as currency are obvious: Most people prefer a currency that doesn’t fluctuate much. If you had agreed with your landlord to pay him five Bitcoins a month to rent your apartment five years ago, your rent would have rocketed from $1,221 in March 2020 to $50,700 in February 2020, as the value of the digital currency soared.

Crypto Lingo

Cryptocurrency: Any one of a number of unregulated electronic coins, such as Bitcoin, used for payments.

Wallet: An electronic safe, guarded by a password, where you keep your cryptocurrency. If you lose your password, or someone else gets it, your cryptocurrency could be gone.

Mining: To mine a coin, you have to solve complex mathematical puzzles on a block of transactions, which is eventually added to the blockchain. Current mining operations use specialized hardware and software, as well as plenty of electricity.

Blockchain: The public ledger of crypto transactions. It’s essentially unalterable and anonymous: You can tell that transactions have been made but not necessarily by whom.

Exchange: A place where you can buy and sell different kinds of cryptocurrencies. These coins can then be deposited back to a virtual wallet that supports the coin. Sometimes it’s also possible to convert the digital currency to dollars.

Ideal for fraud

Because all trades are conducted anonymously online, you’re putting a lot on the line when you transact in cryptocurrency. “You’re interacting with people you never meet and you can never visit,” with currency you can’t touch, says Joseph Rotunda, director of the Enforcement Division at the Texas State Securities Board. “It’s a medium that caters to fraud.”

One problem is market manipulation. Large holders of a cryptocurrency, called “whales,” can bid up the price of, say, Bitcoin, drawing in new investors eager to get in on the action. As the currency rises, the whales take their profits and leave new investors with losses, according to University of Texas professor John Griffin and the Ohio State University professor Amin Shams.

One of the easiest ways to run a scam is to create a new cryptocurrency, particularly when Bitcoin is on a rally. Investors, worried about missing out on the crypto boom, quickly jump in.

For example, two California men rolled out a new coin, Bitqyck, in 2020, when rival Bitcoin was starting its run to $19,497. Bitqyck was extremely affordable: It sold for 2 cents. Its promoters, Samuel Mendez and Bruce Bise, said Bitqyck would jump to $3 and stay there. As of Nov. 11, 2020, Bitqyck had fallen to $0.000572. Bise and Mendez settled a case with the Securities and Exchange Commission last August, agreeing to return their ill-gotten gains, with interest, and pay civil penalties of more than $890,000 and $850,000, respectively.

More recent frauds have centered on selling interests in Bitcoin mining schemes and paying extra to investors who bring in new players. Last December, for example, three men were arrested for their roles in BitClub Network, a Ponzi scheme that allegedly took $722 million from investors. Such schemes take money from new investors to pay off earlier investors, until the entire pyramid collapses.

Other schemes have focused on generating power for Bitcoin mining. Creating new Bitcoins globally takes tremendous amounts of electricity — currently about the amount that Switzerland consumes in a year, the BBC has reported. One scheme, LeadInvest, falsely claimed it had a “green” Bitcoin mining operation in Iceland that was endorsed by Supreme Court Justice Ruth Bader Ginsberg and three former U.S. solicitors general. The scam was closed down by Texas regulators in March 2020.

Other schemes offer outlandish returns from investments in Bitcoin mining. Ultimate Assets, based in Arlington, Massachusetts, promised to pay out a $5,000 return for a $500 investment, meaning those who invested $5,000 would get $50,000. The scam was closed down in September 2020 by Texas regulators.

“Crypto fraud shows little signs of slowing down,” says Rotunda, of the Texas State Securities Board. In 2020, 20 to 25 percent of the securities fraud cases in the state “had some crypto aspect.” The North American Securities Administrators Association, a Washington, D.C.-based nonprofit, declared cryptocurrency fraud one of the top consumer threats for 2020.

Promoters of these schemes get their money right away, and victims often lose everything. “They’re promising a very safe way to diversify from the stock market, and they put it into a market that’s largely unregulated,” Rotunda says. But, he says, ultimately, the driving force behind crypto cons is fear of missing out on red-hot gains that never emerge.

AARP’s Fraud Watch Network can help you spot and avoid scams. Sign up for free “watchdog alerts,” review our scam-tracking map, or call our toll-free fraud helpline at 877-908-3360 if you or a loved one suspect you’ve been a victim.

Bitcoin Miner Review: Scam or Legit Investment?

Last Updated: 06 January 2020

If you have been researching about investing in crypto mining, it is highly likely that you have come across Bitcoin Miner. This platform is aggressively being marketed as bitcoin mining software that makes investors an average return of $2000 daily. But is it a legit platform?

This review is based on an analysis of individual user reviews. For example, user testimonials can confirm that they have made money using Bitcoin Miner. They also state that this platform operates rely on legit trading technology. The Bitcoin Miner app is designed to leverage the power of your IoT devices to mine cryptocurrencies.

Is Bitcoin Miner Legit?

Bitcoin Miner appears to be a legit crypto mining platform that claims to generate an average of $2000 per day. Their trading technology is well established and has been in use in big crypto mining pools for years. Users can confirm that Bitcoin Miner has a positive online sentiment. The majority of people who have tried it report making consistent profits.

Furthermore, testimonials have determined that their customer service is top-notch. They can confirm that it takes less than a minute to respond to inquiries made through phone and live chat. When it comes to transparency, Bitcoin Miner reveals all the crucial information including fee mechanisms and details about the founders. Most scam trading robots do not provide this information.

Also worth noting, Bitcoin Miner takes seriously users safety. Their website is SSL protected and they do not collect unnecessary users’ details. Users have also determined that they have a well-defined password protection policy and they do not send unsolicited offers to users. Legit investment platforms take users safety seriously.

    User reviews and our investigation reveals that Bitcoin Miner is legit and working Bitcoin Miner scores highly in reputability, transparency, and consistence – Testimonials determine legit platforms through these metrics Reviews have determined that Bitcoin Miner applies legitimate crypto mining technology Keep reading to learn more or click the button below to try the platform now

What is Bitcoin Miner?

In the last two years, crypto mining has been among the most lucrative investments across the globe. Bitcoin and other cryptocurrency enthusiasts claim to have made billions from this industry from an investment of almost nothing.

While Bitcoin mining was accessible to almost everyone in the past, it has now become a thing of big corporations with powerful machinery. As more bitcoins get into circulation, the computing power needed to mine new coins increases. Similarly, the more difficult it is to mine, the higher the return received by successful miners. The power needed to mine Bitcoins is now so high that no individual can mine alone.

Bitcoin Miner enables individuals to make money by pooling their idle computing power and using it to mine cryptocurrencies. This means that anyone with access to this software can make money from crypto mining.

How does Bitcoin Miner work?

Bitcoin Miner is a crypto mining software has individual investors claiming to make $2000 worth of Bitcoin per day mining cryptocurrencies. This software connects the users’ idle IoT devices with mining pools where they can contribute their computing power. With this software running in the background, these devices are able to contribute to crypto mining and in return receive Bitcoins.

All users need to do start using this software is to register on their website and download the mining app. You will then need to leave the app running when not using your laptop. As mentioned previously, the app connects your idle computing power to a mining pool where it combines forces to mine cryptocurrencies.

Who Founded Bitcoin Miner

Bitcoin Miner was founded by Dan Manson, a software engineer and a crypto enthusiast with a proven track record in the industry. User investigation reveals that Manson has made millions from crypto mining and continues to be among the industry leaders when it comes to developing crypto mining software.

Users have also established that he is known in the industry and has developed several successful mining robots. However, according to him, Bitcoin Miner is the best of all. This mining software has allegedly made thousands of millionaires across the globe from crypto mining. Users claim that it is possible to generate thousands of dollars per day from crypto mining using this platform.

Why Should I invest in crypto mining?

As mentioned earlier, the more computing power crypto mining requires, the more profitable it allegedly gets. Bitcoin mining already requires massive computing power which means that only big mining pools are able to mine. Crypto mining software such as Bitcoin Miner enables individuals to combine their computing power to mine cryptocurrencies. This approach requires little effort from each contributor and allegedly often results in huge profits.

In the coming days, bitcoin mining is reportedly going to get extremely profitable as the computing power needed to mine it increases. Testimonials recommend that you start with established platforms like Bitcoin Miner and only move to the less-known ones when you are sure of what to look for.

How to open an account with Bitcoin Miner

Testimonials have determined that the Bitcoin Miner signup is simple and secure. The whole process takes less than three minutes. It is important to note that Bitcoin Miner does not accept registrations from all countries. Try the sign up process here to determine if it is available in your country.

Step 1: Account opening

As mentioned previously, the account opening process with Bitcoin Miner is a simple and secure one. All you need to do is to fill in your name, email, and phone number on the form provided on their homepage.

The website claims that it offers a secure signup process through the security measures taken to protect users’ data. A safe platform should have an SSL certification and should have properly defined safe data practices. Secure Socket Layer (SSL) is a computer protocol that ensures that all data passing through a website is encrypted. This means that hackers cannot intercept and steal it.

Also, safe platforms only collect the required details and should not share any user info with third parties. Be wary of any online registration that asks for unnecessary personal details. Our investigation reveals that Bitcoin Miner only collects the required information and does not share it with unauthorized parties.

Step 2: Deposit

Once you have registered, you will be redirected to the deposit page. Here the website states that you need to deposit a fee of $250 to access their trading platform. Users find this fee to be fair given the higher reported success rate from this robot. That, and those same traders claim that it is possible to make an average daily profit of $2000.

Bitcoin Miner accepts multiple deposit and withdrawal methods to include Visa, MasterCard, Maestro, Neteller, Web Money, Skrill, and Bitcoin. Deposits are instant while withdrawals take a few hours to be processed. An overview of user testimonials did not find any complaints about Bitcoin Money deposit and withdrawal methods.

Step 3: User Information

The Bitcoin Miner app comes with a comprehensive guide to help users navigate through the installation and setup. However, the process appears to be simple and straight forward. All you need to do is to install using the link provided on the app page and open the app to start crypto mining.

Step 4: Mining

As mentioned previously, mining involves opening the app and leaving it running when you are not using your computer. The app harvests the idle computing power from your device and pools it with those of other devices in the same network. The combined power is then used mine cryptocurrencies. Profits are distributed on the basis of how much computing power is used from each device.

Bitcoin Miner: Key Features


User testimonials reveal that users claim to make an average profit of $2000 per day with Bitcoin Miner. This software applies top-level crypto mining technology to get the most out of users’ idle computing power.

Verification system

Bitcoin Miner verification process is simple and yet highly secure. All you need to verify your account is to confirm your phone number and email address.

Withdrawal process

The website states that Bitcoin Miner allows seamless withdrawals. Users are required to fill in a form on their withdrawal page after which the funds are processed within 12 hours. Bitcoin Miner does not charge any withdrawal fees.


As mentioned earlier, Bitcoin Miner charges a one-time software license fee of $250. This software does not charge any other fees. All deposits and withdrawals are also free.

User Testimonials

As mentioned previously, user testimonials have determined that Bitcoin Miner is highly reputable. Most people who have used this platform report making consistent profits. Reviewers also report that this software does not take much computer space and is easy to use.

Customer Service

Those same users also confirm that Bitcoin Miner offers top quality customer service. Their services are available through multiple channels, 24 hours a day, 5 days a week. Testimonials also show that they respond to inquiries through phone calls and live chat within seconds.

How to make money with Bitcoin Miner

Bitcoin Miner operates automatically but there are a few things you can do to get the most out of it.

    Delete unneeded files and programs from your computer – The Bitcoin Miner utilizes idle computing power to mine cryptocurrencies. Deleting old and unneeded files and programs from your computer adds this computing power. The more computing power you contribute, the higher the return you receive.
    Make sure your system is up to date – Updating your OS and software makes your computer more efficient hence reducing computing power consumption. This translates to more power mining power.
    Install a good antivirus – An antivirus ensures that there is no malware eating up on your device computing power without your knowledge. Consequently, the amount of computing power your device contributes to the Bitcoin Miner pool increases hence making you more profitable.
    Upgrade your Random Access Memory (RAM) – Upgrading your RAM adds computing power hence increasing your profitability with the Bitcoin Miner software.
    Upgrade your processor (CPU) – Upgrading your processor also ensures that you have more idle computing power. This means that you are able to contribute more to the Bitcoin Miner pool and according to Bitcoin Miner this will allow you to consequently make more profits.
    Leave your computer running – Remember that Bitcoin Miner pools your idle computing power. The app claims that you need to leave your computer running for long periods in order to make considerable profits with Bitcoin Miner. Users claim that you will need to leave your computer running for at least ten hours in order to allegedly make $2000 in profits.

Is Bitcoin Miner Legit? The Verdict!

Overall, user reviews claim that it is possible to make $2000 per day in profits using Bitcoin Miner. This crypto mining software is based on proven technology, and it appears to be consistent and easy to use. All you need to do is to install it on your computer and switch it on when your computer is idle.

Bitcoin Miner scores best in transparency, legitimacy and customer service. However, the website claims that you need to deposit a license fee of $250 to start using this software. This mining software seems reasonably priced given its potential.

Is Bitcoin Miner Legit?

Bitcoin Miner appears to be a legit cryptos mining software and users recommend that you try it. Testimonials report that users have made significant profits using this software.

How much can I make with Bitcoin Miner?

User investigations further reveal that several miners have made an average profit of $2000 per day with this app. According to testimonials, the more computing power you contribute to the pool, the higher your earning potential.

How much does Bitcoin Miner cost?

Bitcoin Miner charges a one-time license fee of $250. The website claims that this platform does not charge any other fees.

Does Bitcoin Miner allow withdrawals?

Bitcoin Miner allows you to withdraw your profits at any time. The average wait-time for withdrawals processing is 12 hours.

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