Bitcoin Forum

This whole thing appeared overnight and is exploding in promotion... please consider your participation as calculated gambling.

"Earn 3%-4.5% Daily from your investment" -- Typical HYIP/ponzi promotional stuff. (for the math relaxed readers, that's 500 bitcoins in a year for every 1 bitcoin invested today)

Main topic in "Gambling" section: https://bitcointalk.org/index.php?topic=762929.0
Lots of spam promotion: https://bitcointalk.org/index.php?topic=762934.0
More bribery: https://bitcointalk.org/index.php?topic=762942.0
People stumbling over themselves: https://bitcointalk.org/index.php?topic=763001.0

Website: https://cryptcominer.com/ (pretty standard HYIP looking)
"Cryptco Miner is a corporate entity and has been officially registered." -- they say this on almost every page. There are not really publishing ANY of their corporation details, ownership, employee names or anything. They just say they are official and that's that. Facebook link doesn't work.

Whois: http://who.is/whois/cryptcominer.com

The address is mentioned in several scams, including something about infintecoin. See: https://www.google.com/search?q=P.O.+BOX+0823-03411&

The IP address is routed by ddos-guard.net and can go anywhere, we can't establish other hosting neighbors.

The cookie-cutter copy-pasterino text "Orientation is probably its best features" (means NOTHING in context) is found on several sites: https://www.google.com/search?q=%22Orientation+is+probably+its+best+features.%22

Sample calculation for 100% subscribers to first plan, with 100$ (as they claim their latest users are contributing):
- daily payment: 3%
- daily payment to referrer: 30% of 3% = 0.9%
- daily total payments profit margin: 20% from 3.9% = 0.78%
- total daily income per principal: 4.68%
- total monthly required profit: 395% / month...
- how much 100$ would be worth in 1 year if they invested it themselves and not paid and wasted time making a website: 1 779 326 300$

Why do they have "miner" in their domain if they are claiming to be a investment.
How can they pay on top of their ludicrously high returns, referral rates for affiliates?
Why don't they just borrow some money or contact angel investors for funds for simpler profits?

All these to be answered soon... when they provide proof of identity and operational funds?

Hey I just deposited 20$, lets see how this goes. I will tell you how things happen after 1 day.

Thanks for posting. I welcome any users to post their experience here.

Also I have a question: what will you do when you double your money (23 days from now)?

First I'll see after 1 or 2 days.

Deposited to see how it goes.
These kind of "investment" will eventually scam, even if they're paying for the first few days.
And to be honest, i don't think it will last for a month :)

Their support is real, I just chatted with them and it was a real person, not a bot. Thats something good, if a company can afford to pay for live chat support they look like they are going far.

I expect more, because they can pay back completely initial depositors in 20-30 days and get new deposits based on that for a while. My suggestion is 2 months.

True.
But consider their expenses for promotion, like signature ads and Ref contest (4BTC prize on 21 Sept.). Do you think they really would pay the 4BTC? ::)

With the expenditure of initial payout, u need to count their payment to sig campaigners. Its difficult to sustain till 2 months if they try to payout old investors with new ones + the sig campaigners, unless they can achieve an exponential investment.

We can clearly see that is standard HYIP and 100% they will become a scam. Now they offering very high paying signature campaign so I can imagine how much they will collect and run.

They are playing in smart way, your income from signature campaign stay on HYIP site, so a lot a people will invest from that income, because its 4% daily!

OH god.. we all will see it, a lot of complains, a lot of red feedback in nice profiles because they advertising scamers for dusts.

I think this have to be stop it now.



O my goodness.. what a referrals contest..

We are offering you all to earn, if you don't want to join, then don't. Those who will participate, they will post here payments every day and will be happy. :) That's why it's posted in Gamble section. You always have a choice, joining or no.

I will be happy to answer all your doubts trough email or live support.

Thank you.

Updated OP with some more details, please consider your participation as calculated gambling as suggested by CryptcoMiner above.

Do not take anything I wrote so far as fact, the IPs, NSs and other details are very obfuscated and may be circumstantial and not indicative of specific identities.

There is no point in going by the WHOIS record. They are using WHOIS protection service. So address etc are guarded. Moreover, no one posts their real address in WHOIS now-a-days.

It's true, but you need to apply "fingerprinting" to link several activities by the same identity.

For example lazy or careless scammers will reuse the same hosting provider, domain hoster, ddos service, email service, website script, website frameworks, etc. Reverse-looking these details can link to other activities that may or may not provide more details about the investigated identity. We're not trying to figure out who they are in real life, but who they are on the internet.

It seems CryptcoMiner has not yet decided to escrow the funds for the signatures contents and this has raised some comments from participants. I would escrow the funds and defraud the contest to win them back :)

Its almost been 24 hours, I think I am going to withdraw after only 1 or 2 days just to keep it safe.

All HYIP are scams

I give up to join that campaign because I don't wanna be a part of SCAM group.

If you're part of the first wave of users, you have a high chance of getting your reward, isn't that what everyone else is thinking?

Profit withdraw worked and I got my daily 60 cents out yesterday. I'm taking it all out today which is 20 dollars plus another 60 cents. Get out before this crashes!

Is it true they are paying sig campaign everyday?

Yes, i can confirm it.

I can also confirm.
They pay every 24 hours. Exactly.

What's the fee per day?

The most striking feature is that they do not take any fees or taxes, what you will get is pure profit with pay no fees or taxes. Just read this in their FAQs. This means no fees.

http://www.cryptocoinsnews.com/sponsored-stories/cryptcominer-com-managing-alternative-investments/2014/09/03

https://i.imgur.com/iWKad22.jpg

I confirm that this is not a scam. I received both of my payouts very promptly and all of the site worked for me. Also I could daily withdraw my profits with no fees. I do have a little suspicion in me that this will eventually crash, but think of it this way. Trading a lot of money will make it a bit less volatile but the profits you make will be less than in short term investments. If cryptcominer can get more users funds, they can profit more and make it easier to pay back the 3% or whatever. They can make probably 5% or more per day if they work hard and are smart.

i am join Cryptcominer.com. Will update here

I see that you have no idea how hyip works :)

Ahh, well I'm trying to be a bit optimistic, but like I said I have a suspicion that this will crash. Sig campaign is WAY too good to be true, on top of their 5% payout investing. Its in gambling for a reason I guess.

This is why you can't confirm it's not a scam. The trust games work until they stop working completely, for everyone. There is no trading, you can't possibly make 4-5% a day from trading a variable lump of money. If you knew exactly how much money you held and had weeks to optimize your algorithm, it might be possible to get 2-3%. But to get 5% from day one on any sum? They are also paying users for promotion, and bought that CCN article (for probably 2 BTC or so).

GLBSE (and pass-thrus) paid out just fine too, until they didn't. Payouts today, are not confirmation that this isn't a scam.

=squeak=

no, no, no....  they are giving you a small part of your own and/or other future victims own money back.

If you believe this is real you have no understanding of how compounding works and why this cannot be anything other than a Ponzi scheme. 



Here's two very simple questions.   

1. If you had a way of infallibly making 4.5% per day, why would you ever need to take in money from outside victims investors? Borrow the money at 8% pa and turn yourself into a multimillionaire by this time next year. Retire to a tropical island.

2. Explain to me who is on the other side of the "investment".     Where is the money coming from??


It is not real. You will see small payouts until one day the website disappears and they run away with the rest of your BTCBTCBTCBTC.

the fact that they are taking fiat payments too for this tho, is just elevating their exposure to legal action. lots of places where the law is still fuzzy about bitcoin, but they're taking fiat, and denominating in fiat... so... whatever legal ambiguity they could have claimed for using bitcoin is out the window... they have a higher chance of earning real prison time... so I wouldn't expect them to stick around for very long before they pack up and disappear...

=squeak=

So 21st of September? I guess we know when they're shutting down then.

Remember to update your signature...

exactly, their currently running sig campaign and referral contests are just traps to attract more people to invest with them. When they think they have had enough money in their pocket, they will run away and disappear just before referral contest ends (20th - 22nd of sept will be the judgement day)

i don't think they will scam  :o

i got 3 payments

Lots of people didn't think pirateat40 would scam either... (I'm sure a few are still waiting to be paid back even now)

=squeak=

I'm glad we have an independent review of Cryptco's business on the forum. Couldn't he just be interested in getting funds to trade BTC for fiat, essentially forex (foreign currency exchange) trading, which he does advertise on his site?

i/ll let you all know how the sig plan goes.

we had an independent review?

link or it didn't happen...

=squeak=

Yes we know it's a scam.  ;)

To everyone reading this -== Beware ==- Cryptcominer is possibly a HYip or a Ponzi - Very High risk investment - Do not invest, what you cannot afford to loose.

It's not posted in the gambling section, because it's 100% above board, you are taking a huge risk, like in gambling.

Participants do this at own risk.

Ok... Disclaimer posted. ----> Show a beggar newbie some money!!!!! - I need to feed my kids.  :( and I am not welcome in any other signature campaign, so I am forced to whore out my signature for moolah *joking for the tight ass people out there.  ;)

awww, c'mon... they're just running a high stakes game of Bitcoin Hot Potatoe... :D

seriously tho, pirateat40's operation was screaming ponzi with their 7% weekly interest...

this amounts to 21%-31.5% weekly interest (not including "bonuses")...

C'mon, you guys masturbating yourselves while thinking of CryptcoMiner... don't you have any brains whatsoever?

Satoshi himself couldn't sustain this "investment"...

=squeak=

Just shows you how desperate and greedy people can be.  ;D

We know it's a scam and we still doing it. Unfortunately only a small % of people can be accommodated with the limited amount of legal signature campaigns on offer here.

Some people already made loads of money previously and now they taking the moral high ground, warning people away from something, everyone with a brain knows, is a ponzi / HYip.

This was posted in the gambling section people... So you taking a gamble.

Everyone is warning people against this, and I also tell people that this is a high risk gambling venture, but they still doing it.

Take PBMining {Everyone know what they are, but they still investing} Why? Simple human greed.

Do not invest, it's a choice, and nobody is forcing you with a gun. If you do, invest no more than you can afford to loose.

Why do people gamble / play the lottery? {All odds are stacked against you, to loose, but greed tells you.. maybe I am the one out of the 1 000 000 people, who would win}

Warn and educate people, by giving them information, and if they still decide to do it, help them reduce their risk.  :(

hey, I sent in $20 myself... figured if I lose it no big deal... I lose more once a month playing poker at the casino. XD

but I look at that list of people sending in money (and real money too, not just bitcoin), and jeez, I wish I had the kind of money where I could throw several thousand dollars in one shot at an obvious ponzi scheme with a high risk of losing.

As for my $20, I'm just kind of morbidly curious how long they're going to pull it off. I'm leaving all my earnings there, and as soon as it hits $20 (or what I calculate to be the equivalent BTC I sent in), I'll withdraw it, leaving my investment there... at that point, it'll be all profit.

I'm 80% sure I won't recover my full investment at all... 10% sure that if I recover the USD value, I won't recover the BTC value, so I still would have lost... and only 10% sure that it'll last long enough for me to be made whole again.

but hey... its only $20 that I would have given to a stripper for a lap dance, anyways. XD

=squeak=

The longer you leave your money there, the higher the risk.

But you can also be the unlucky bugger, who invest $1000 on the day they run, and then you loose. That is just how these schemes work.

So it stays a gamble.

What I liked about it was this :

1. Daily payouts {reduced risk} <Not like some of these signature campaigns, where you post for a month, and you get nothing, when they run>
2. Less spam on the forum. {You not asked to do 400 posts to be eligible for payment}
3. If you invest today, you can withdraw tomorrow. {No waiting for weeks}
4. They posted it, in the gambling section. {In a way, they tell you.. "Listen this is a gamble"}

I invest, get a quick return, withdraw. {Hopefully, I get to withdraw it, before they fold}

Do your homework. Read this.

http://en.wikipedia.org/wiki/High-yield_investment_program
http://en.wikipedia.org/wiki/Ponzi_scheme

...

Everyone is getting paid, for now. That's not the point. The point is that these are all long term investments, promising a return that would make anyone investing a relatively low sum multi millionaires within a year. It just aint realistic. Once they've obtained enough investments of 1000's of dollars they will shut down. Remember, each investment you make, they can finance their daily rates with your own payment for over a month, so don't be surprised if they're gone in 3 weeks, tops.

Yes, practically 100% sure it's a HYIP that will make payouts until ... it stops.

That is the definition of HYIPs. A more elaborate ponzi scheme under the disguise of "investment".

Just got my account closed, but I think it was an error. They said I had removed my sig on my other account, but I didn't. I contacted support about it, I will let you know what they say.

I think there is a HUGE difference between PBMining.com and Cryptcominer.com.

With PBMining.com, I've run some scenarios in a spreadsheet that show their business can be sustainable, i.e. it is not necessarily a ponzi.  I think what makes people suspicious is that they think there is no way that the current contract price can pay for 5 years of electricity.  I would say they are correct about that, however, the hardware gets replaced with more efficient hardware over time.  Then you probably ask where they get the money for the replacement hardware.  I think the contract price is high enough to cover that as well.  Many people can only visualize today's reality.  A year from now, the cost of purchasing and maintaining 1 GH will be significantly lower.  Nobody ever mentions that the expected return during the second year might be as little as 1% of the contract price.  With a 1TH contract, there may not be enough earnings to send a weekly payout after the second year.  If the difficulty rises too fast, then you might not break even.

With Cryptcominer.com, I just don't see how their business is sustainable in any way.  With this type of investment, there should be a prospectus to review.  The website is very vague, focusing on the high returns and the commissions that you can earn.  Whenever you invest in something that pays more than the risk-free interest rate, then there is risk.  If higher interest is paid, then the risk is higher.  20% a year is already high risk, so 21% a week could be 52 times more risky.  How long have they been in business?  It looks like one WEEK!  They say they guarantee the returns, but what is the real worthiness of a guarantee from a company in business for just a week?

In any case, PBMining.com and Cryptcominer.com both carry different investment risks.  If you're going to invest with either company, only invest what you're willing to lose.

Show me proof, that they mining all the blocks they claiming, and I would invest some there too.  ;D

At least with Cryptcominer you know what is going to happen. {Most likely end of this month or the next} So you plan for that. {Managed risk}

of course they are a SCAM , no one in this world can provide such returns daily !

I am in. Got first payment. Will see how it working.

got 3 payments today

https://i.imgur.com/B1agTvv.png

i don't think it will go to scam side

What? You seriously can't be this dumb?

Well, its your money. A fool and his money and all that.

The worst thing, they designed their promo campaign so well they are destroying any chance for other scams to make any money now...

well ... scammers are smart, and this is a proof, look how many greedy fools joined

How so? Is it because of their daily payouts into the accounts made on the site or something else?

Those payments that you have received are in your pocket or on the website?
If the later , how can you withdraw?

From what I can see, they are in his bitcoin wallet (his pocket).

Yet you are still happy to promote these crooks in your signature?

 ???

As long as there is an incentive (free bitcoins in this case) people on this forum will advertise anything in their signature space.

Signed up for sig.. Just to test how long before it breaks... One more redflag: they say "norton secured" but use a comodo cert.

ROFL .... just a typo :P

If it is just a type it's an important one which shows they aren't very professional if they don't correct it.

Of course, all hyip is scams. Let's see people crying especially in last deposit.  :D

Oh, you like how the article doesn't actually link to their Government (read: Official) registration? :P

This is a sponsored story by Cryptco Miner LTD.

Links to: http://www.companieshouse.gov.uk/

That's it...no direct link to the actual registration.

They are not scams per se, just unsustainable ponzis that crash after a short while.

Welcome to the ethics-free zone.

Exactly, as known as the services section inside bitcointalk.

Actually the entire of marketplace really :P

Not exactly free,they get paid for doing a job-advertising services.
Anyway when advertising services and gambling sites you never know who you advertise,it may be the ghost of Osama bin Laden or Satan himself :D

i was just being sarcastic  ::)

How long do you think they'll last?

My bet: less than 6 months

I've seeing some hyip monitors and I was shocked to see some of these things are running for more than 1000 days!! That's 3 years!

Seems they are paying for signature campaign, so I guess they are planning to stay more than one month or two.

Unless they have been created by some time traveler that knows all sports/finance/stock events that are about to happens, surely they can't afford to offer 4%/day of interests.

What does not means we can't take some profit of it, even if it ends being scam.

21st of Sept will be the judgement day. if they'll pay 4.5 BTC to the winners of referral contest (https://bitcointalk.org/index.php?topic=762942.20), then the chance are higher that they will stay at least for 2 months as they need to recover their campaign costs.

The only thing is (a hint he will not payout the 4.5BTC) is that he doesn't seem to want to use escrow :-\ which is a major no-no if you want advertisers.

4.5 is kind of crazy for a small long term invesment project. They don't have the kind of volume to make 4.5.

Either way, how would they make money from this?! (Assuming its a ponzi). No fees are taken whatsoever so those 4.5BTC will probabaly come from investor funds, which means less available to withdraw.

It's basically a ponzi with a sig campaign.

I just had their Live Support help me out. Very competent, they've earned my trust and I will be doing long term business with them.

Can confirm, I chatted with support regarding an uncredited deposit and a large withdrawal. However, this does not mean they can afford to pay for chat support (it could just be the owners doubling as support when they can).

If you can lose some $$ then invest. Otherwise put a signature. And EARN.

Take benefit as much as you can. I am withdrawing daily, my sig. pay.

So no lose here. When they stop paying, i'll just switch over to another campaign.

Simple enough.

But are you just ignoring the fact that they claim to pay out unrealistic rewards on your investments? Are you just gonna blindly believe they have a money making machine in their possession, and is distributing their profits to the bitcointalk users?

I'm sure they will dissappear soon just like the rest.

I don't know what to think really. Other than that right now its a great company with good support.

No, they don't have a money making machine, but no one spends so much on promotion only to disappear within weeks.

It will be good if they pay for a couple of months. Clearly it won't go on forever. In these cases two months is considered forever. Anything more than 4 weeks would be "good" in my opinion.

True this is ponzi. And they will end like all ponzi:D

Still getting daily withdraws and getting paid promptly daily. They also set up a twitter account.

A twitter account is by no means an indicator to the legitimacy of the company

Just telling people about this, if anyone wants to follow them for any reason.

Exactly, early investors will get some profit, but some unfortunate members will lose their money. I bet that they won't last longer than 21st of sept, so get out as soon as you can and only invest what you can afford to lose

Just realised that I was the first poster on this. Anyways, payments still coming in fine.

This website.. its to good to be true.... Obviously is a scam they will go away when they get a lot of money

I have a feeling you might be right..
They are just waiting for the big deposit and then they will run away.

Lets hope it never comes, and that they keep hoping for one then! Means people will keep getting paid for a long time.

You can always check the last 10 deposits, and if you see someone deposit 35k USD you better hurry up and withdraw haha.

everybody its in for the signature campaign, its free money, so enjoy it while it lasts ... everyone knows its a ponzi.

I keep seeing people posting about receiving their measly little referral satoshi... but has anybody successfully received any of their principal back?

I saw someone in another thread wonder about that too.

=squeak=

You should be a politician  ;D

But... You can literally break-even every month!
This is wayy to good to be true.
Just keep an eye on their address ;)

Not sure what you mean. You invest say 20 bucks into their site and you get 3% of 20 USD as profit each day. You can withdraw your earning AND your original investment at any time. With the 3% rate it'll take you a bit more than a month to double your investment.

Of course it's too good to be true, but that doesn't mean there won't be any winners. It'll just be an equal ( or greater ) amount of losers. :)

ALOT of winners :D

That's my point...

You can withdraw your earnings AND your original investment at any time... so the site claims...

So... has anyone done it successfully?

We keep seeing people getting their tiny withdrawals, that they post in the threads... while at the same time, a few people have been waiting a couple days now... and I've seen nobody say they successfully withdrew their principal.

Repeating what the site says you can do, doesn't mean that is what people have actually been able to do.

=squeak=

No winners, just 15 bucks crack-whore-level-cheap more-or-less-aware hired scammers.

So i guess they're already scam now. Reference: https://bitcointalk.org/index.php?topic=762934.1300


Not even lasts 3 weeks lol :D

that was quick

http://cryptoconspiracy.com/overnight-major-ponzi-scheme-cryptcominer-finally-absconds-with-over-70-btc/

https://blockchain.info/address/1BaqXw9tWkcQvjqeQTzk7beUfF4NZURZtv

Just 18 days...

30 000 $ form a ponzi scheme that lasted only for 18 days.
We're going to see a flood of clones in the coming month.

You guys are dumb. No one should have invested/risked more than 100$ on this, even thats pushing it. It was an obvious ponzi at the beginning, which is why I only stayed in for a couple of days. I actually made a cool free 0.02 btc, off of 20$. I have proven many times to myself that these things are indeed profitable if you get in and out at the right time.

wouldn't surprise me if he was the one running it, as wishy-washy as he was...

=squeak=

possible scam

check here
http://cryptoconspiracy.com/overnight-major-ponzi-scheme-cryptcominer-finally-absconds-with-over-70-btc/

I was expecting at least 3 weeks, so even if I wanted to game the game, I would have lost :)

Haha, I was saying from the beginning that its still fine FOR NOW, basically it hasn't collapsed yet, notice how I wrote "right now its a great company with good support".

Explanation

Just what, exactly, is that "Explanation" supposed to be an explanation of, in that context?

=squeak=

Nah! It took people from surprise.

Fool me once...

This actually made us a favor. People will not trust these things even for a few days.

What we need is a nice, long, 1% per month, ponzi for those times between the turbo ponzis...

... not ...

=squeak=

Sometimes, you're just too facetious

Guilty as charged. :D

=squeak=

As long as it pays some measly pennies for signatures it will have success here.

Fuck sakes, now all remaining campaings pay peanuts.

If you're finding a new investment option. click my sig below they have been around months now and didn't find any complaints about them and I'm not related to them just an investor receiving my payments

I GOT A PAYOUT!!! !!! !!!




(just kidding :P )

=squeak=

all hyip are same so dont be trust on them

ROFL .. good one  ;D ;D ;D

offline

The site has gone completely. It's the end of the road, and a new lesson learned.
Most HYIPs are ponzis, you can make money, but you have to get in early to do so. The trick is knowing when to get out.
With every HYIP program, it's only a matter of time before they disappear and runaway with investors money.

SCam site got paid atleast 12$ from signature champion

Woohoo, much riches, very profit, such fairness.

1. Find a good ponzi
2. Advertise it in your signature
3. ? ? ?
4. profit

Glad to see someone's caught on

1. Find a good ponzi
2. Advertise it in your signature
3. DON'T INVEST IN PONZI YOURSELF
4. profit

FIX'D!

LOL, looks like niothor took his own advice

https://bitcointalk.org/index.php?topic=824055.0

tmfp said it better !  :D :D :D

Let's bring the discussion back to CryptcoMiner, and not get distracted talking about niothor :P

What is there to discuss, it's a known scam and it's over.

What have we learned?! :)

This is what I have learned

Yes, good learning, that is indeed something to learn. I thought you would say it's important to get out before anyone else, but the way you put it, there is no risk...

"100% RISKY FREE"
~Ony Obo, the Nigerian Prince

I prefer

1. Find a good ponzi
2. Don't advertise it in your signature
3. Tell anyone who thinks it is real why it is an obvious ponzi.
4. Enjoy good karma.

More like, enjoy having your signature for your own private use

right.   your choice of course.   I see you have updated your signature to promote another obvious scam

"►►► TRADEFOCUS.NET - UP TO 3.5% Daily Profit By Cryptocurrencies...."


3.5% per day on their 31 day program = 1.035^31 = 333% guaranteed return. which is impossible.

I see they managed to beat even lunamine & cryptcominer's record and disappeared after only a few days.

 :(

Yes, this is a good way to make money on the forums

Ok, I followed the plan, where's my karma?

If you send me your karma, I'll double it for you in 14 days.

 :)

Ok, cryptominer confirm scam !

Let's change a topic about others HYIP

how about
TradeFocus,MajesticCoin,& BtcBaker ?

Chortle   :D :D

If someone offered you 20% of the proceeds of an armed bank raid would you drive the car?

No, why?

Now,(2018-5-16), Infinitecoin Community Develop IFC, It can be mine again
The infinitecoin has been updated to 1.8.8.4, which has repaired many bug, and the wallet is mainly maintained and updated.

IFC Chinese community, official website
https://www.infinitecoin.in/

In the official website, there is a list of QQ groups in China. You are welcome to join us.

Technical support station:
https://www.ifc123.net

price navigation:
https://www.ifc123.net/price/

Creation message
https://bitcointalk.org/index.php?Topic=356065.msg37363194#msg37363194

The IFC community needs more skilled investors to join.

This is an obvious scam. People, dont waste your hard earned money.