BTCFast.co Review Is BTCFAST Scam Mining or Should I Invest

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BtcFast Reviews: is btcfast.co a Scam or Should I Invest?

Btcfast.co Review: Scam or Paying? Btc Fast claims it could make you good profits from bitcoin cloud mining. How true is this? Is it 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 of BtcFast we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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BtcFast Scam Review: Disturbing Things Found

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.

Btcfast.co is not a legit investment platform. Don’t be deceived by their promises.

Conclusion

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.

BTCFast.co Review: Is BTCFAST Scam Mining or Should I Invest?

BTCFast Review: Scam or legit investment? btcfast.co is offering enticing investment plans. Is btcfast paying? 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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Click HERE to start the recovery process

BTCFAST.co HYIP 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.

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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. 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 HYIP

It is true that most of this high yield investment platforms look like the real deal, thus confusing us. The truth is that 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?

btcfast.co is not a sustainable investment platform. Don’t be deceived by their promises.

Conclusion

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.

BTC Pro Miner Review – BitMiner/BTC Miner is a SCAM!

Let us just begin this review by stating the obvious: BTCProMiner.life is a scam, or rather, a sort of cloud-mining Ponzi scheme, the whole premise of which is unreal.

Why are we so certain that this is the case? Let’s elaborate.

This is a cloud mining site.

Let that sink in.

What that means is that its chances of being legitimate aren’t stellar from the get-go. This online vertical is plagued by massive scamming, prompting some experts to declare that almost all cloud mining operators are scammers.

The still worse news is that even if it were to be legitimate, it would still not be worth anyone’s time. Legitimate cloud-mining services seldom ever make ROI for their investors.

In btcprominer’s case though, there is no “threat” of legitimacy. The site is a genuine Ponzi scheme indeed.

What is the proposition/promise here?

Is it too good to be true?

It is indeed the very definition of that.

BTCProMiner clients can create free accounts at the site, and begin “mining” BTC for free…they can of course upgrade their accounts for a small (or large) fee, to secure additional benefits.

The free version of the setup comes with profits of 40 Satoshi per minute and 0.0006 BTC per day.

Yes, you read that right: you are essentially getting all this for free.

The most basic upgraded version costs 0.01 BTC, it raises the daily profit rate to 0.0012 BTC and it introduces the affiliate scheme. This program is essentially the heart and soul of the Ponzi scheme, because this is what it relies on to bring new customers into the fold.

The affiliate revenue rate is 20% of the upgrade money that referred clients spend at the site.

Further upgrade packages raise this rate to 30%, 40% and 50% respectively.

What’s more, there’s a Limited Version upgrade package, which costs a massive 7 BTCs, and offers affiliate cuts of 105%.

If you happen to have 7 BTCs though, just hold on to them and wait for the price to rise.

Don’t even think about “investing” them with these guys.

By taking a closer look at this limited upgrade package, the unlikely nature of the offer becomes obvious in a heartbeat: if offers a daily revenue rate of 2BTCs, which means that in 3.5 days, you would have your investment recovered, after which in a couple of weeks’ time, you’d be well on your way to putting these guys out of business.

The math doesn’t add up with the other upgrade packages either.

Thus far, two of two scam red flags are triggered: the site deals in cloud mining and its sales pitch is based on a too-good-to-be-true offer.

About BTCProMiner

Who exactly is behind this operation though?

While the site does not have a proper About Us section, there’s some information available on the Contact page.

The company behind the site is apparently BTCProMiner Cloud EU LTD.

A search on the company name will reveal that it does indeed exist and that it’s registered under company number: 09951039, with offices in London, at 20-22 Wenlock Road.

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The only CEO of the operation is an Italian gentleman named Giacomo Bugini, who is pictured standing in front of a few racks full of ASICS.

What exactly is wrong with this whole corporate profile though?

It seems like BTCProMiner Cloud EU LTD was founded by Mr. Bugini electronically, by 1 GBP share capital.

Bugini has apparently been associated with a number of other unsavory operations too, like ADVgeneration, which turned out to be a Ponzi scheme (no surprises there), eurobitmarket, a defunct exchange, bitcoinbay.co (also apparently defunct) and others.

Bugini is apparently also responsible for Bitminer – another cloud-mining scam.

He apparently founds companies left and right and uses them to set up various online Ponzi schemes and scams.

To call this corporate background suspicious would probably be the understatement of the year.

If knowing all this, you still decide to trust your money to this Bugini character, you probably do indeed deserve what’s coming to you.

The website itself, btcprominer.life, is not particularly trust-inspiring either.

While it’s light on sales copy, it features a very dubious “proof” page, which offers information on some transactions as well as bitaps verification.

It is important to remember though that Ponzi schemes may in fact pay some of their victims during their early stages, and all signs seem to point to the fact that btcprominer.life is indeed in the early stages of what’s likely to be a brief existence.

Certainly, for all its reach and popularity, bitcointalk.org failed to produce a single confirmed btcprominer.life user who actually picked up BTCs from the operation. The chatter on there is very negative about BTCProMiner, with most posters convinced that this is indeed a scam.

Several bitcointalk forum members have created accounts at BTCProMiner, but none of them got paid anything.

One of them reached the payout threshold of BTC 0.005 in about 8 days, after which he requested a withdrawal. He was then told to increase his IPV to secure access to instant withdrawals, or to wait 30 days for the manual processing of the withdrawal.

Others have chimed in, stating that instant withdrawals weren’t granted to those who had already upgraded their accounts, either.

Some even went as far as to wait out the 30 days allegedly required for manual processing – to no avail.

Reddit users haven’t really addressed the operation yet. There are a few promotional posts looking to get some BTC enthusiasts hooked, but no one has yet pulled the curtains back on the scam.

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BTCProMiner Review Conclusion

Having read the above, no one should find it surprising that no registrant information is available on the btcprominer.life domain. These scammers are obviously ready to pack up shop at a moment’s notice and to move on when the time is right.

Taking advantage of the “affiliate program” they’re pushing, they’re getting people to refer their friends in the hopes of convincing some of their victims to “upgrade” and thus to hand them BTCs. btcprominer.life is the definition of a pyramid scheme.

According to Alexa.com, by the way, btcprominer.life is a highly popular website with a global rank of 15,919 at the time of writing.

A significant amount of this website’s visitors come from Brazil, India, Spain, Thailand and Venezuela.

Review Verdit: BTCProMiner (also known as BitMiner and BTCMiner) is a SCAM!

Blacklisted sites: btcprominer.life, btcminer.me, bitminer.io, btcminer.services, btcminer.website & bitminer.world

If you have been scammed by BTC Pro Miner, please share your story with us by replying below.

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