Bitmining.biz Review Is BitMining Scam or Should I Invest

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Bitmining.biz Review: Is BitMining Scam or Should I Invest?

BitMining Review: Scam or should I Invest? Bit Mining is offering enticing investment plans. Is Bitmining.biz 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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Bitmining.biz 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?

bitmining.biz i s not a legitimate 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.

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BitMining Scam Review – REAL DEAL?

OFFICIAL SCAM URL: bitmining.biz

BitMining.biz claims to be a high yield Bitcoin miner, one that provides guaranteed returns of 10% daily for life. Sure, it definitely sounds great, but does it not sound way too goo to be true? We are here right now to do a BitMining.biz review to find out what the heck is actually going on here.

BitMining System – Leadership & Owners

The first thing which stood out to us about this BitMining system is that there is no leadership displayed anywhere on the website. There is not a single mention of who might be in charge of this Bitcoin mining investment program. Folks, whenever you come across any kind of crypto investment platform like this, one that is anonymous, you have cause to be suspicious and weary.

Just think about it, BitMining.biz is asking you to invest a heck of a lot of cash, and it promises huge returns, yet whoever is running the show is nowhere to be found. These crooks are purposely staying hidden from sight. This kind of anonymity is always something to be weary of. If this were a legit Bitcoin miner app, the people in charge should not have a problem showing us their real faces.

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BitMining.biz – Company Information

Next, we are told that the BitMining Limited company is officially registered in the UK under the UK Companies House. Yes, the website even goes so far as to display what appears to be a legit registration document from the United Kingdom. However, we were not convinced in the least, so we did some digging around. We looked at the actual Companies House database, and this BitMining Limited company is simply nowhere to be found. In other words, the document displayed on the website is totally phony. It’s been forged.

Moreover, this is a financial investment company, which means that it needs to be regulated, as well as licensed with the proper authorities, such as the FCA. Well, of course, neither the FCA nor any of the other relevant regulatory or licensing bodies have ever heard of BitMining Limited. Folks, this is a completely fake, illegal, and unlicensed investment company. In other words, it has absolutely no legal right to be taking your money or claiming to make investments on your behalf.

Bitmining.biz HYIP – What Bitcoin?

Yet another big time red flag that cane to our attention in regard to this Bitcoin high yield investment program has to do with the functionality of it. So, we are informed that this is an investment program which mines for Bitcoin, and then provides us with a substantial profit. Well, the problem we have here is that there is no evidence of any Bitcoin or any other cryptocurrencies ever being mined for at all.

It’s definitely very suspicious. There is no information provided about the hash rate, where the mining farm is located, or any other relevant facts. For a company that claims to provide massive returns through the mining of Bitcoin, there sure is little evidence that any cryptocurrencies are ever mined for. We want to see real proof that there is a Bitcoin miner system here, which unfortunately there is not.

BitMining Investment Program – Ridiculous Returns Promised

Something else that is very suspicious about this BitMining.biz Bitcoin miner HYIP is that the promised returns are way too good to be true. Folks, whenever something is too good to be true, it’s usually nothing more than a stinking pile of BS. This crypto HYIP promises to provide us with returns of 10% daily for the rest of our lives.

There is also another plan we could invest in, which would provide a return of 3,000% after 60 days. Well, both of these investment plans are simply way too good to be true. Seeing as there is absolutely no evidence that any Bitcoin mining ever takes place here, it’s safe to assume that these claims of massive returns are totally bogus. Folks, there is not a single crypto investment system out there, nor miner, that can produce these kinds of returns. It’s complete false.

BitMining.biz App – False Payout Claims

If you take a closer look at the website, you will notice that there is a section present which provides us with so called legit information about the number of users can how much cash has been payed out to current investors. Apparently, there have been nearly 200 BTC invested into this HYIP so far, by various investors, yet only 37 BTC payed out. Now, this seems like a really low payout ratio to begin with.

Second, this is definitely a lie either way, because we have seen nothing but complaints and bad news about this BitMining system. We have personally gotten several dozen complaints from people who have been scammed out of their money by this BitMining scam. The website claims that there are close to 50,000 investors, but we have yet to find a single one with something positive to say, or anybody who has actually gotten any sort of returns. It’s all a bunch of lies.

BitMining Affiliate Referral Program

The final scam factor worth noting about this BitMining.biz scam is that there is also an affiliate or referral program in place. There are 2 levels of affiliate referrals here, and supposedly you can earn over 5% in commissions when you get friends and family to invest. Now, we have no doubt that the crooks behind this crypto scam will take everybody’s money no matter who they are.

However, we also know for a fact that these scammers don’t pay out those affiliate commissions. It’s just another way for these malicious thieves to sucker more people out of their hard earned money, and you would be the one doing the heavy lifting!

BitMining.biz Scam Review – Final Thoughts

Folks, the bottom line here is that this BitMining.biz Bitcoin mining system is just another huge lie, a cryptocurrency scam meant to screw you out of your money. It’s not worth your time and it’s not worth throwing money down the toilet.

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IMPORTANT: If you have any questions, issues or you experience any problems please email us and we will be glad to assist you. Our contact customer support email is: [email protected] . If you register with this service from our website then you will always have our full free support in case you run into any issues or problems. Remember that you are not alone, with us you will always be safe!

To date, we have settled close to 2,000 trading disputes and we will not stop until we put every last scam out of business! If you have been cheated out of money or scammed by any fraudulent trading service, we encourage you to reach out to our complaint center for free help. If you need help, we will provide it for you!

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