There are a lot of interesting investment propositions on the internet that if you’re not too careful, you’d be at a loss which one to go for. However, it is important that you analyze every investment option with the view to make sure that you’re not throwing your money away.
In this Blockchain Miners review, we would look at what the company is promising its investors to know how viable a proposition they are, bearing in mind that there are so many scams in this sphere.
What is Blockchain Miners UK?
This is a company that claims that it is involved in bitcoin mining since the days the concept of cryptocurrency was something new. It made a lot of other assertions and claims that makes it interesting to look into. Not necessarily because they are true, but because it is important to learn how the owners think. This is the only way you would continuously keep your funds safe.
Let us first look at how the company introduced itself in its homepage and analyze the statements with the view to show its likelihood or otherwise.
According to the site,
“The company was established practically simultaneously with the appearance of the notion of crypto-currency as we saw its enormous potential and won in the long run. Since our company saw the beginning of the sphere development, our main income is raised from the mining of such crypto-currencies as Bitcoin and Litecoin, which is beyond reach for the majority of companies.”
When the company claims that it was established “with the appearance of the notion of crypto-currency” it means that it is claiming to have been around for 10 years because Bitcoin has been around for that long. However, it later clarified that it is a 6 years old company.
We decided to run a Whois test on the site, with the expectation that the domain was bought about 6 years ago but from what you can see, this domain blockchain-miners.uk has been online for just 4 months.
What we have discovered from months of investigative reviews is that it is impossible to set up a scam site without lying. It takes false information and data to convince, confuse or confound an uninformed investor.
A domain that was registered on June 28, 2019 cannot point to site that is more than 4 months old, yet the owners of this site claimed they’ve been mining for six years.
Beyond Reach of Most Companies?
The site also claimed that “our main income is raised from the mining of such crypto-currencies as Bitcoin and Litecoin, which is beyond reach for the majority of companies.”
Mining of digital currencies is a challenging task. However for a company to claim that it is among the top miners thereby putting itself in a class above most others means that it should have a well-known mining pool such as Antpool. Such companies are known by everyone that is conversant with the mining industry.
It is obvious that Blockminers is not among the top mining companies or owner of any of the big mining pools that we come across in the industry. So there is no basis for which this site should claim that it operates at a level most companies cannot.
High Yield Investment Scam
“You are going to invest in the equipment and software that will help you increase income gained from crypto-currency mining. It resembles a bank deposit, however, the interest and the amounts of payoff are far more attractive.”
Far more attractive means what? 120 percent in a day? That is absolutely impossible even at the best of times for the mining industry. Yet that is what the site claims that it could offer its investors.
Since we know that no one gives what they do not have, this site cannot possible make any profit for any investors. In fact, the only one in profit if you made deposit to this site is the fraudster behind it.
Claims of Instant Profit
It further stated that
“The main advantage is that crypto-currency mining is a continuous process of making money, tried and tested structure of our business algorithms allows an instantaneous reinvestment of your contributions to the development of this process. Therefore, being an investor, you start gaining profit immediately.”
To understand what this site is saying here, we need to imagine the possibility of planting a seed today and reaping its fruits immediately. Is there any investment that “you start gaining profit immediately”?
You have to know that fraud sites use every intrigue imaginable to get money from uninformed investors. This is why you should research any investment proposals that come your way.
According to the Securities and Exchange Commission,
“Fraudsters rely on the sad truth that many people simply don’t bother to investigate before they invest. It’s not enough to ask a promoter for more information or for references – fraudsters have no incentive to set you straight. Savvy investors take the time to do their own independent research.”
That a site is backed by a registered company does not mean that its business is legitimate. Fraudsters routinely set up “investment sites” meant to lure users with high profits.
At best, they may pay small investors with the funds raised from deposits made by late investors. But those who were fooled to make big deposits find out that they just have made donations to scammers.
Never invest with a random site irrespective of how attractive the profit promised is. Only regulated investment sites should be trusted and even at that, not all of them. Before you send your investment funds to any site, be sure to read through reviews about them
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