The Summer is almost upon us and it appears the number of bitcoin cloud mining scams is increasing exponentially. Micro-BTC is another platform – quite similar to Micro Mining – that claims to provide cloud mining services to bitcoin investors. No one should invest their money in this platform by any means, as it offers no proof of its mining capacity whatsoever.
Micro-BTC Can’t Be Trusted
It is not hard to spot the bitcoin cloud mining scams these days, as most programs offer virtually the same experience every time. Micro-BTC is no different in this regard, as it is another one of those cloud mining scams that provides users with a free 15KH/s of mining power as a welcome bonus. This is also a clear indication the company would never mine bitcoin in the first place, but stick to altcoins instead.
Moreover, Micro-BTC also guarantees profits to all investors, which is impossible in the cryptocurrency ecosystem right now. Lifetime profits from cloud mining contracts can never be provided in a legitimate manner. Most mining contracts only run for a year or less, for obvious reasons. Any company claiming to offer an extended period of cloud mining is most likely a scam by default.
The different mining plans provided by the company are not overly spectacular either. Users are mining Scrypt coins at all times, which means there is very little room for profitable cloud mining whatsoever. That said, the company offers packages starting at US$0.31 per KH/s, all the way down to US$0.23 per KH/s depending on how much mining power one looks to purchase. Every plan is also subject to a hashpower bonus, which is very suspicious at best.
What is rather interesting is how the site hosts a camera at their mining farm. When looking at the livestream however, there is no sound whatsoever, and most of the racks visible are completely empty. It is also a still image by the look of things, as nothing is happening whatsoever. In fact, there aren’t even any blinking lights indicating hardware is being put to good use. A nice trick to sway people’s minds, but it is not hard to see through it.
Once again, this is a company providing no credible evidence of their cloud mining operations. There is also no public history of payouts made to users, although that is not all that uncommon. Offering bonus hashrate for customers and guaranteeing lifetime earnings is a clear sign of a Ponzi scheme, though. Additionally, there is an affiliate program in place, although none of this information is listed on the website, as it redirects to the homepage. It is evident the team has not put much effort into building a credible website for Micro-BTC whatsoever.
To make matters worse, Micro-BTC lists no public information regarding the company’s address, staffers, or registration number. It seems this company operated out of the UK – or claims to do so – based on the WHOIS information, which is also handily hidden from prying eyes. There is no reason to invest in Micro-BTC whatsoever unless you enjoy losing your bitcoin balance to scammers.
If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.
Bit coin is a scam. One of its founders was arrested by Homeland security for money laundering.
Since the founders of bitcoin remain anonymous till this day, your post like your mouth, is full of bullshit.
@kennethmarikos:disqus Dude you just got roasted
Thank YOu dude. it helps.. it is really a scam…im planning to deposit some amount to this website. then suddenly i cant log-in to my account because of some wrong credentials stuff.. ive try to recover it to email verification.. they said my email is not registered to their website ..hahah LOLS.. God bless to me..haha,,
(after they get what they need to you! they will delete your account into their server! you cant log-in back anymore.)
same story happened with me
Sell perfect money for Naira at 247xchanger.com. it’s fast, safe, and available 24/7. You can also earn money by referring others to us through our affiliate referral program. Get started today by registering via the link below247xchanger is Nigeria trusted digital merchant company. Visit https://247xchanger.com today and register. A trial will convince you.
liverpool news
liverpool news
buy domain
bitcoin core
free bitcoin
btc price
Hey this is kinda of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get advice from someone with experience. Any help would be enormously appreciated! You can try Bitcoin mining for free. Try CryptoTab: https://inorangepie.biz/16590141
Hi there, I discovered your web site by means of Google even as looking for a comparable
matter, your website came up, it looks great.
I have bookmarked it in my google bookmarks.
Hello there, simply was alert to your weblog via Google, and located that
it is really informative. I’m going to watch out for
brussels. I will appreciate should you continue this in future.
A lot of people will likely be benefited out of your writing.
Cheers!
Thank you for sharing your info. I really appreciate
your efforts and I am waiting for your further post thanks once again.
Hey! I’m at work browsing your blog from my
new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts!
Keep up the superb work!
For most recent information you have to go to see world-wide-web and on the web
I found this web page as a finest website for newest updates.
Yes! Finally something about cheap flights.
What’s up i am kavin, its my first occasion to commenting anyplace, when i read this paragraph i
thought i could also create comment due to this brilliant paragraph.
When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time
a comment is added I get several emails with the same comment.
Is there any way you can remove people from that service?
Thank you!
fantastic publish, very informative. I’m wondering why the other
experts of this sector don’t notice this. You must proceed your writing.
I’m sure, you’ve a huge readers’ base already! games ps4 allenferguson games ps4
It’s going to be end of mine day, however before ending I am reading this enormous piece of writing to
improve my know-how. games ps4 allenferguson games
ps4