Bitcoin Forum

Scammers are back with the old style of bitcoin mining scam giving you outrageous return in a short while. They claim to be using the fastest mining tool which they claim is Ant miner S9.
They promise to give you as much as $980 for an investment of $70 just in 12 hours. That is practically impossible to be real.
Let us all beware as the scammers are trying both new and old methods to ensure they dupe you of your hard earned fund.

That's freaking impossible even a trader will take time to make $980 out of $70 for 12 hours. It's an obvious scam if you have been in the community for a while.

Don't believe with such false promises because only greedy people will fall for this. There will be newbies that are not aware of this kind of scam but they should all be warned. These scammers are so desperate and they'll take whatever amount they can.

Just think if they can make that much, why share the technique and make themselves rich first?

Who are you talking about? You didn't mention the name or website, you should mention the name or website so we can all be careful

If they have atleast one person that believes and pays, then it is profitable for them, isn´t it?
So why they should stop with it?  8)

The sad thing is that there's always soneone believing that shit enabling the scamners to make some money. People need to be more informed.

one of the beauty of bitcoin mining is that you can easily look up the profitability at anytime. Even if you place a value of zero for electricity and management fee, there is no way an antiminer can generate such profit. Those who fall for such scams are completely ignorant or greedy. Luckily, people are becoming better informed and scammers are having it less lucrative using the above approach

There is no way for these scammers because this time people becomes even smarter. They are all out of methods and that's why they are all doing the same thing right now. These scammers have been using a lot of effort and it looks like they are getting less and less victim and I'm very glad more and more people can avoid the scammer's trick.

I do not believe if only investing a sum of $ 70 and they provide a profit of $ 980 in the duration of 12 hours, because it is a very short duration and obviously will not be possible even if they carry the concept of mining, so avoid that kind of thing because in my opinion it doesn't make sense.

I guess now we need to learn that there's no such thing as free money. All offers of this style is basically SCAM!

To be exact, I have received many messages (DM, PM) asking me to invest $ 1000 for instance, and you will get $3000 in a matter of 12 hours or one day. I in the beginning wondered why they could give me such huge profits in such short span of time. But now I am understanding that they are scammers and are trying to scam me. Stay alert.

It is impossible, but there are always people who believe in it seem to they target people who do not know Crypto and Minning you should include the website so that there is no one to be deceived.

You'd have to be really stupid to fall for a scam like that, I would think that even newbies know an investment like that can't possibly give ROI like that.
Then again, there are so many stupid people on the world, only a couple of them need to fall for it to make it profitable for the scammers.

My general advice is to just stay away from anything cloud-mining related.

That is ridiculous. If you see or hear that one investment with the initial money for about $70, and you will make $980 just in 12 hours, then that will be the same as doubler bitcoin which I see in the past. You will lose $70 if you invest in them and no one will help you. That is a fake investment, and I hope you don't send any money to them. But that will attract new people to invest with them as the new people are not learning much about cryptocurrency and the investment in cryptocurrency. The scammers will use every way to take people's money, and you need to be careful.

You don't need to be clever to know that it's a scam though. If it's too good to be true, then it's not.


Just don't give any attention to them. They will be gone sooner or later anyway. To be honest, it's the people's fault for even trying to invest in this scam anyway. It's too good to be true so it means it's not good at all. If you see one, try to report it to make some awareness of that website.

It's an old method almost fell for this in 2017, save for my military friend who raised the alarm of the frivolous ROI, he backed out and I too had to cancel the deal. Not too long I discovered it was a scam. I was amazed how I would have cheaply loss my money.   

it is obvious that if you are offered such a profit in a short time, then most likely these people want to steal your money.

Scammers have many ways to cheat traders and investors. One of the old methods is that they deliver message to potential clients asking for some money worth of investment. They promise double of profit on an investment overnight. We familiar with cryptocurrency know these messages are from scammers. But newbies fall prey to their trap. So we should spread this message.

a little useful info, but I already know about this, now the danger is about "exchange" because I found a strange exchange so at that exchange, they have several 4 pairs of coins and the coin utility of the exchange has an oddity because the price can reach 400 % of the normal price and of course they hold airdrops and every airdrop participant who does kyc will get 15 $ worth of token utility it's just that here I think they will take advantage of our kyc data and our data may be resold or misused for evil actions.

Well, the profit for investors who invest as low as $70 is outrageous to begin with. I wonder who will fall for that?
The scammers do not even consider that their victims could easily suspect this as scams

It would take a lazy greedy and a very gullible dummies to fall for this method again because I am sure that not body even newbies would fall for this with the experiences that they have had in the world. It might not be that scammers are out of method, it could be that the scammer coming up with this repeated method is just so new to the system also, and it is still a good thing that you have alerted people.

I am sure that this will really be helpful for some people though, and I can see that  scamming is really getting harder for most of these scammers nowadays, at least the time will come that we will no longer see them, and then we can have our ICO back. I am also sure that with regulations, most of these will surely fade out of the system completely.

   This is the old story, and many people learned that if it`s sounds too good it`s probably not true, it`s a scam. I always think about that when I see some
insane promises of huge returns, I close that window right away, I don`t even read what is all about.
   Don`t believe in anything before you talk with someone who tried it, or you tested with some small amount that you can afford to lose it. Even that is not
guarantee of anything, that`s why I run from services and project that awake even a little doubt in me.

You are very particular on the plan they are giving and the services and what kind of product, but you failed to give us the name of the Bitcoin mining sites that you are describing, no one's a fortune teller here and it's for the benefit of newbies as well.

What a great time for these scammers to flood the space again, I remember HashOcean only few people in the space here would know about it, it was one Bitcoin Mining Scam that was able to run for months if not more than a year but suddenly disappear with our money. My advice to people looking to mining is, just buy Bitcoin and keeping having is less than a year

Too good to be true offer is always shady thus be aware that there's no such thing to earn instantly.

If you fall on this trap of scammers then you're really careless, newbies are the ones who often bite this offer.

You are mixing things up,what you post is talking about scam cloud mining contracts and of cos they are too good to be true,many cloud mining websites dont owned any asic miners farm its all lies but if you invest money in asic miners you will earn better profits,asic miners is the most profitable mining setup this year

Antminer s9 is not profitable anymore,it was profitable in 2017 but obsolete now,you can find different mining calculators online ising google search or head to whattomine.com,so if any website if offering good profits using antminer s9 its scam, be wise.

Not to mention the ones that wants you to log in into an exchange or something so that they can transfer you btc because they had an accident or something. Another one are scammers pretending to be a part of the team and is asking you to lend them btc and will pay you after their meeting or whatever. These scammers are really evolving.

Even legit cloud mining website like genesis mining is not profitable anymore,the most profitable asic miner today is antminer s17 you can earn back your ROI in just few months after separating the cost of electricity,i think those who fall for this kind of scams are those who know nothing about asic miners

They are not out of methods. They just still using the old methods to lure people into their trap. Unfortunately, there are still people out there who falls for this kind of trap, especially the newbies or the ones that are greedy and willing to take the risks.
Honestly, I think they deserve to get scammed. How come they expect to get $930 for just a $70 investment? At least they will learn a lesson from getting scam.

Care to share which website is offering this outrageous claim so that we can warn others, especially noobs who can easily fall for this kind of trick, it is one of the oldest trick in the book, but still many can be a victims.

Anyways, thanks for giving the community a fair warning. I guess if we will just used our common sense and not be greedy of seeing huge amount of $$$ in our face for a simply small amount, no one can be a victim here. Scammers are everywhere and with the price of bitcoin almost touch $12k, I'm not surprised that they are on the hunt for potential victims here.

There is no point sharing any website mate, anyone that is wise would know simply that the program is just a Ponzi one because I have never really seen any investment that would give such increase in such a very short time.  Even if the op lists the website, there are so many other websites that the op too would not know that is in similar scam plan.

The best way to address this is just to make them understand that it is absolutely impossible for any investment like that to bring such amount and I can bet it with anyone, if anyone has any genuine site that does that, that I will be glad to know, otherwise, we treat this one as strictly a Ponzi scheme which the developers are just there to gather the money and then run away with the investor’s money without traces.