Bitcoin is money. That’s why there are a lot of people who want to get it – sometimes by hook or crook. This is one reason why any holder of cryptocurrencies (not just bitcoins) should be careful with the many offers available on the internet and offline.
Wealth On Warp Speed
These offers usually claim they could make the investor rich if they invested some bitcoins. This lure for bitcoin investment is real because the tricksters offer outrageous profits such as we shall see with BTC-Profits.club.
This is one of those bitcoin investment sites that promise massive profits so it is essential that you read through this post to know why I am recommending another type of investment that could make you money safely instead of risking it with a site such as BTCProfits.club.
We shall start by looking at the site with the hope of understanding the type of people behind it. With this understanding, you’ll be able to identify whether any crypto investment is appropriate for you or not.
What is BTC Profits?
BTC Profits, the company behind BTC-Profits.club is a company that claims that it has been manufacturing ASIC miners, the popular bitcoin mining hardware.
The company also claims that it has researched and developed a product that has an edge and advantage over other ASIC Miners and so can conveniently mine more and generate more profit.
An Unknown Efficient Miner?
As high-sounding as that is, the site did not mention the name of its breakthrough miner. This casts shadows of doubt on this claim because there are no new advances in mining hardware such as ASICs that are not in the public domain.
This means that there are no secret researchers that have developed a cutting-edge version of ASIC without the crypto community being aware of this invention.
More so, any company that has such technology and has built such hardware would have impacted the market share of some of the known mining pools. But this has not happened.
To prove that the BTC-Profits.club site is making spurious claims, the company does not appear among known ASIC manufacturers.
This is a pointer that there is no such company and no such state-of-the-art hardware anywhere mining bitcoin so profitably.
According to the site,
“Btc-profits has power ratings of 50 TH/s, while the price doesn’t exceed the value of standard miners. This allows us to be the world leaders and opens the way for further development and market expansion.”
Definitely Not DragonMint 16T
This is clearly another lie, the rating of the most efficient ASIC miner in the market presently is 16 TH/s and this is the DragonMint 16T. This is clearly the most advanced miner in circulation. So BTC-Profits.club could not have developed something better in secret with no one knowing about it.
This fact can be buttressed by the fact that Halong Mining, the company that manufactures the DragonMint 16T has been overbooked for months. This would not have been possible if BTC Profits has a miner with better efficiency.
The site further stated that its plan is to raise capital and scale its mining business. According to it,
“Our goal is to raise capital and scale our mining business; we are currently in operation and already delivering returns to our investors.”
This got me thinking…
Where Are the Big Investors?
Why would the manufacturer of the most efficient mining hardware need retail investments as low as $20 to scale its mining business?
In effect, they have admitted that they have no state-of-the-art ASIC miner developed because if they had, there’ll be big institutional investors and venture capitalists willing to finance such projects and the mining activities of a company such as that.
No Mining Farm But A Scam Crypto
Furthermore, the company claims that it wants to scale its mining operations, yet it did not provide even a photo of its farm to show that it is actually involved in mining.
The site continued by stating,
“With YebaCoin, investors become our partners and share in the realization of profits, while assuring themselves a stable and passive income. Because of our efficiencies, we are able to operate on lower costs and thereby pass those savings on to our investors.”
A Club of Scammers
That is interesting, so I searched for YebaCoin on CoinMarketcap but it was not listed. A deeper search showed that it is a fake coin that is absolutely worthless.
That did it. A full confirmation that BTC-Profits.club is a club of scammers striving very hard to steal your coins with phantom claims.
An Old Scam Line
Another thing that rang a bell about the BTC-Profits web page was the copy. I realized that there are certain lines that are common among scam bitcoin mining sites such as this section of the website where they wrote:
“Because of our efficiencies, we are able to operate on lower costs and thereby pass those savings on to our investors….Btc-profirs [sic] company is a reliable and safe investment in the best mining equipment.”
You can see that the site copy was not even proofread, yet it claims to be the developer of the most efficient ASIC! However, a plagiarism check of the last section of the site quoted above shows that the same claim has been made over and over again by many scam bitcoin mining sites such as Rock Mining.
Kettle Calling Pot black
Interestingly, the site advised investors to stop investing in scam sites. This is another feature of cybercriminals who would have you believe they are genuine by pointing accusation fingers on other scam sites. This is to make you trust them and make deposits.
Who Are Behind BTC-Profits.Club?
There is no mention of the owners of the site. The only mention of any form of contact is through three email addresses such as email@example.com which is a clear indication that the owner of the site is behind the scam coin.
Whois shows that the domain BTC-Profits.club was registered on May 18, 2018 by Namecheap. The owner was not listed as they used a privacy service to conceal their identity.
Finally, it is provable that BTC-Profits.club is a scam site and that is what we have done in this post.
The site claims it could give investors up to 20% to 200% of their investments.
That is not surprising since scam site routinely bandy words and figures to fool the uninformed. Isn’t it amazing that there are people who would believe such claims made by this site and still send them money?
Fake Physical Address
Not even the physical address on the site, 21 Drewry Lane, Derby, United Kingdom, DE22 3QP is genuine.
I definitely would not recommend a scam site to you. Please check my recommendation and invest safely. For your comments on BTC-Profits.club, please use the comment box below.