Bitcoin Scam Site Warning – Red Cloud Mine

It has been a while since we last looked at one of the many scams plaguing the Bitcoin and cryptocurrency ecosystem. Red Cloud Mine is a relatively new company, promising guaranteed mining profits every hour. It will be hard to do so without any evidence of mining equipment, though. But that is not keeping the company from advertising its services.

No One Believes Red Cloud Mine is Legitimate

Platforms selling website templates for cloud mining and business websites must be making a fortune as of late. So far, there have not been too many Bitcoin scam sites with identical layout, although they do not always look that different either. In the case of Red Cloud Mine, they haven’t even tried to do their best with the text replacement for the template. One of the company’s senior advisors is called John Doe. Uhuh.

The testimonials on the website are completely fake as well, which is not entirely unexpected. While it is good to include them on a front page, none of these people – if they are real, to begin with – believes John Doe is running this company. A nice try by Red Cloud Mine, but no cigar for their efforts.

Unfortunately, there is no way to see the company’s investment plans before registering an account. This is a trend that seems to become more common among cloud mining scams, as they want to entice users to sign up to find out more details. Not the best approach either, as it is a clear red flag something fishy is going on with this offering.There is a calculator on the website, which promises 99.99% profit for every investment, though.

As was to be expected, Red Cloud Mine offers no insight as to how this company plans to mine cryptocurrency. The obvious answer to this question is “they don’t mine cryptocurrency in the first place”. This is a clear example of a company running a Bitcoin Ponzi Scheme that will collapse at any given moment in the future.

As far as company information is concerned, we are sheer out of luck as well. There is an address listed on the web pages, but it is doubtful this is a legitimate address. Moreover, the WHOIS records reveal absolutely nothing, other than how this domain was registered less than two months ago.

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