Stablemining.biz Review – Ignorant Scam Miners

Stablemining.biz Review

The frequency with which scammers are setting up ‘investment sites’ calls for concern because there are so many gullible people who believe that they are actually making investments by sending money to scam sites such as Stablemining.biz.

These schemes would not make plain to their patrons that they do nothing other than use deposits made by new recruits to pay older participants in systems that are unsustainable.

Stablemining.biz Introduction

Stablemining.biz ReviewAccording to the site, Stablemining.biz is

“an innovative technology designed to open the possibility of attracting a significant number of people to the process of digital currency mining while minimizing costs for investors.”

In reality, there are no bitcoin miners that go around asking people to get involved in mining. Bitcoin mining is an energy intensive activity that is not meant for everyone. So when you find any site that has created an affiliate program inviting deposits from random people as Stablemining.biz does, you’re dealing with a Ponzi scheme.

Built to Entice the Greedy

An analysis of the site shows that it is just another scam site built by people that know nothing about bitcoin mining but eager to have many investors sending them bitcoin in the guise of mining as seen with the statement:

“With STABLE MINING LTD you can forget about the necessity to form a substantial starting capital, a deep and multi-stage study of the technical aspects of the production of digital code, the allocation of sufficient free space for the technical equipment installation. Now mining requires only a personal computer, a minimum deposit and a reliable partner, who is ready to provide their services to everyone.”

Ignorant About Bitcoin Mining

You don’t need expertise in mining to realize from the statement above that the people behind the site have no inkling what they are talking about as far as bitcoin mining is concerned. The rambling about free space, talking about mining using only a personal computer are all gibberish.

Everyone knows that there’s not a remote possibility that mining of bitcoin could be done on a PC, yet a so-called bitcoin mining company is claiming this is possible. What this site aims to accomplish by this is create the impression that they are involved in mining, then get people to send them money.

Most of the funds they realize would be used to pay initial investors who are encouraged to bring in other investors like all Ponzi schemes. The cycle continues until there’re no more new participants to recruit. The Stablemining.biz owner would at this point pack up and disappear with investors’ funds.

No Evidence of Mining Activities

Sometimes, I wonder how these scammers succeed in persuading people to send them coins even though it is obvious that none of these scams have what it takes to last. A business that has no product or service is practically not a business because they have no sure means of making profit.

No experienced miner would post this on its site:

“STABLE MINING LTD Team is working hard to ensure non-stop and efficient mining on the last-gen equipment. Our team of high skilled specialists is constantly working on purchasing equipment, its configuration and further maintenance, looking for the best locations all over the world to reduce energy consumption costs.”

What exactly is the meaning of “last-gen equipment”? the reason these people cannot even demonstrate rudimentary knowledge of mining is because they are not into bitcoin mining. Rather, this is a clear Ponzi scheme that collects money from new investors to pay older ones.

Targets Deposit and Referral

Like most Ponzi scams, Stablemining.biz won’t last long. The 23-day old scam is emphasizing on recruitment of new participants and deposits by older ones to sustain their scam. However, it is obvious that irrespective of its marketing efforts and that of its affiliates, they do not have the ability to sustain the scheme indefinitely because you don’t have enough people to sustain it.

Stablemining.biz investment plans

Stablemining.biz ReviewLike all ponzi schemes, Stablemining.biz offers outrageous investment plans. The minimum deposit for all plans is 0.001 BTC while the maximum deposit is 500 BTC.

Plan one offer 10% daily forever.

Plan Two, 400% for 30days.

Plan three, 900% after 60 days.

Plan four 1600% after 90 days.

Plan Five, 2400% after 120 days

Plan Six, 6000% after 240 days

The scheme also offers 3% reinvest bonus to encourage participants to keep using the platform. Every user of the platform should ask where all the money is coming from.

Conclusion

As a rule, if it is too good to be true, then you can be sure it’s not true. No miners share their profits to random people. None go out of their ways to use affiliates to get investors.

Scammers such as Stablemining.biz take advantage of people’s ignorance and greed to make them invest money in fake mining schemes. When new participants stop joining the scheme, the scammers quit and pull down the site. Anyone investing with Stablemining.biz does so at their own risk.

What do you know about stablemining.biz? Share your opinion in the comment box below. For the cloudmining service I recommend, check here.

Share:
AvatarAvatar

Author: Jofor Humani

Peddling words has been a passion beneath the surface. I speak less than I write...naturally. Aside speaking and writing, I walk too...good for your heart they say. I sometimes do not feel like writing. Then I enjoy quiet times which I use to think and stay with family.

10 thoughts on “Stablemining.biz Review – Ignorant Scam Miners

  1. I just see lies here,, is this kind of attracting investors to your sites,, any way you will always talk and we don’t listen.. Every company starts from day 1,, and surviving to year depends with how they take their businesses for,, I don’t understand you saying Kirkland are 52 days old and I have been earning for 6months now.. I think you are looking for followers but the way you attract the followers isn’t correct way

    1. Kirkfelt.com was registered on December 19, 2019. So where were you earning these past six months? Unless you’re saying they moved from a previous scam to a new one. By the way can we see evidence of your earning from this site. Even if you earned from scammers, it doesn’t mean they won’t eventually scam people you recruit and you down the line.

  2. Fuck, I invest money in the company and now i have a little bit fear. I hope you have not right with the ponzi Schema but I think that is a ponzi schema. The withdraw are extremly slowly. The address in London is a Privat house (look google map) That is not a campany on the place.

    For all people in the world, does anybody leave in London, plz drive to the address (Company House) and make a few photos.

    43 Mc Leod Road, Abbey Wood, London Uk SE2 OBS

    What can i do? Polize, Interpol, FbI?

    Domain Name: stablemining.biz
    Registry Domain ID: DFA2F9925A674403593DAA8F374B73851-NSR
    Registrar WHOIS Server: whois.namecheap.com
    Registrar URL: http://www.namecheap.com
    Updated Date: 2019-01-12T01:24:52Z
    Creation Date: 2018-11-25T21:40:46Z
    Registry Expiry Date: 2019-11-25T21:40:46Z
    Registrar: NameCheap, Inc.
    Registrar IANA ID: 1068
    Registrar Abuse Contact Email: abuse@namecheap.com
    Registrar Abuse Contact Phone: +1.6613102107
    Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
    Registry Registrant ID:
    Registrant Name:
    Registrant Organization:
    Registrant Street:

  3. Not paying since February 15 after they lunch their new bonus project I have 3 days pending withdrawal.I think it’s game over they got a lot of investors now and turn to a scam…pls don’t invest anymore they says that withdrawal process manually that their reason to pending and hold your money but it’s really going to scam sooner

  4. Stable mining not paying again, withdrawal just saved without processing to wallet since one week now. But they have current payment proof in real time and I think all are fake. Pls don’t invest they are pure scammers and all scammers will die one day through road accident!!! Fools to all Stable mining administration!!! They are scammers!!!
    Thanks to the Author of this website, u are great! God bless u

  5. I invested around 500$ in stable mining, but when I withdraw the profit it just appeared pending withdrawal in my dashboard, but they never actually process my withdrawal to send into my wallet. It has been a week already since I request for withdrawal. It is still pending. I mever receive profit even once.

  6. I feel do disappointed 🙁 it’s not my first time to trustlike this site but this is the first time i got scammed for a big amount of investment thinking they will pay since they are new but ntil now my withdrawals are pending.. 🙁

    1. I’m sorry to hear that Chloe. There are many people who do not know how to identify scams. Scams thrive because of such. You should always look at the possibility that such site would be in business for even a month. People fail to realize that scams evolve but the basic red signals remain the same. Sorry for your loss.

  7. I’m new in crypto currency and I invest in stablemining.biz and many of us has been scam tsk. where from the Philippines. thanks for this.

    1. Hello Henry, I’m sorry to hear that. Please send us any sites that ask you for investment deposit so that we cross-check them for you.
      Regards

Leave a Reply to Techron Obo Cancel reply

Your email address will not be published. Required fields are marked *