Bitcoin Forum

I have noticed a couple of people with a link to www.cryptcominer.com (https://www.cryptcominer.com/?ref=abc123) in their sig.  They are promising 4.5% DAILY RETURNS FOREVER.  

OK I know it obviously isn't true, it's just annoying me how they can try to trick people like this.  I am assuming it is some sort of pyramid scheme.

Look at what they are promising.
 
https://i.imgur.com/Y6VauT5.png
 (https://www.cryptcominer.com/?ref=abc123)
Are people really this stupid?

Yes people are this stupid. It is sad, but true. They don't understand what it takes for these levels of returns to be possible and that there is no way for them to be sustained over the long term.

Where do I sign up? :D

People are wearing the link as part of a Sig campaign.

U might like to check this thread => https://bitcointalk.org/index.php?topic=763051.0

probably you will lose all your money. 4,5 % is not possible in these days. stay away.

I hate it when a site does not even show anything but cryptic messages that I have to enable javascript.

In my opinion, anyone that includes the sig on their account should be just as liable as the site owners, deserving of a negative trust rating at a minimum ... After all, they will potentially be some of the only few who profit from this scam!

With "projects" like that, the early bird catch the worm. Sleep late, and you go hungry.  ;D

Invest early, when it starts, get some return of investment and get out, before it implode. {Lots of timing and luck involved}

No idiots, just people taking some risk. {Safe investments are boring}  ;D

Caveat emptor though isn't it?
The guys signing up should do their own research, folks carrying the sig will go with the guys that pay the best unless otherwise incentivised

How is this, in any way different from someone "gambling" his money. {They know, the house has the edge, and they still do it}

The guys playing on the stock exchange, play this game too....

Calculated risks are a choice and a rush, so labeling people, who take risks, with silly statements, just shows lack of ......Hmm let me not label too.  ;D

Drop some coins there, and live on the wild side.  ;)   And when you do, use my signature, I will give you 50% of the bonus I get. 

It's very different.

It's not a calculated risk. They advertise 4.5% return forever, no mention of risk, no mention of a 'game' or taking a chance like you mention above.

How can I calculate the risk if there isn't any mention of any?  Nor do I know when these guys are going to cut and run.

How I see it... By including the link in your sig, you are happy to accept potentially stolen funds from them, in exchange for advertising, you are assisting them in scamming more people.

Therefore you are JUST AS BAD as the scammers themselves.  

EDIT:  This should be reflected in your trust rating the moment it goes belly up.

Is it really that impossible? I cannot come close to calling myself an investor, matter of fact, this would be my first bitcoin investment. Can someone explain why it's stupid to invest a few bitcoins in this company?

Please explain why you think a company would freely give away such money?

If they had such a winning proposition, a bank would surely lend them the money at a much lower rate than 4.5% daily.

EDIT: Same applies to you, I will ensure to leave you a negative trust rating the moment this site runs away with peoples money, unless you removed the sig. Like i said previously, you are assisting with this scam, and from this point you can't say you weren't warned.

You taking a huge risk. It's a very high risk investment, some says it's a Ponzi type scheme. {So be very careful}

Do not invest, if you are not someone, who takes risks.

Davida - If I get a bad trust rating for taking part in this, they would have to give everyone a bad trust rating, who participate in that.

We love to take risks, and we know the dangers involved with it. If you cannot see a 4% daily ROI is impossible for any company to do, and the posts in that forum pointing to the HYIP link, you should not "play" here.

Edit : hyip (high yield investment program) - http://www.allhyipmonitors.com/details/cryptcominer.com.

Pirate offered a similar deal and I don't remember how it ended but I assume everyone was happy in the end.

Also, I notice that everyone in this thread defending it has a paid signature.  ::)

Wow it's confirmed. You are the idiot I was referring to in the initial post!! Nice to meet you.

Either that or you are just trying to convince people to use your referral link.

I don't know which is worse.

Either way, welcome to my ignore list.

Calm down...

I give people investing in this, a option to reduce their risk. {If they use my referral link, I get a 30% bonus and I am willing to give 50% of my bonus, back to the investor, for him to reduce his risk}

So how am I worst than other people taking the full 30% bonus.

I call it creativity.

If calling me a "idiot" makes you feel better, go for it. I am a big boy, and are not offended easily.  ;D

old boy, just sit down and watch the performance of scam

WTH are you acting like a cop every single person knows that Hyips are valid for sometime and let some people earn some money don't be jealous, WTH do you gamble then??? Its the same case as gambling, You can always lose all in the end. Stop being a smart ass. I will leave you a negative trust for blackmailing users to not use a specific signature campaign. Its the same what happened with a user here with 1100 BTC which were stolen. And BTW a Casino can run away too with BTC so then it that case you should also not advertise the casino's because there is always a risk involved.

The thing is, we know it, and we still taking the risk.  ;) It will not be my first time. If you have not been scammed once or twice, you have not lived on the edge.

Do you regard living on the edge some sort of badge of honour?

It's a hyip scheme...which will die in 1 month or will survive for 4-5 months.Or until they get enough big BTC deposits they will run away with the BTC.  :P

Just a thrill and it's gives color to a boring world.  ;D

Taking calculated risks, and managing your risk, has it's own reward.

No honor badge required, doing it for the fun of it.

I am no different than any other person, taking a risk on something like gambling / stock market etc.

I just discovered in a wood, not far from  my house, a magical field in which planting money trees grow the fruits of which are money of the same denomination of the ones you planed.

To be clear if you use 1$ coins fruits are 1$ coins as well...and so on.

But I need you to send me some coins to get it started, let me know if you are interested.


PS: I will take care of watering seeds an seedlings of course

That's a fair point.

Although, casino's are a sustainable model, ie it could continue to bring in a steady profit indefinitely so chance of the owner to cut and run within the time of your deposit to withdrawal is highly unlikely.

Exactly, this is how stupid this investment appears for people with any sense.

Sign me up for 20 trees - I just love them.  ;D

Someone linked my thread from here: https://bitcointalk.org/index.php?topic=763051.0

This is a "gambling" "investment" where cognitive dissonance (and not diminished mental capacity) creates polarized reactions.

Depositors know very well that they could lose the whole sum but they resolve the sentiment by thinking they are super smart and they can withdraw before the scheme collapses.

For anyone interested in planning and pushing future ponzi schemes, remember this: pull out and run away before you pay back 50% of the deposits, if you try too hard and hope for more depositors your fund will dry and you scam bitcents on the bitcoin.

The main issue here is not the original scam, but all these penny beggar newbie accounts promoting this scam, contributing to the greater harm.

Because of your signatures, the thieves get richer and the poor get poorer, just so you can get your tiny useless reward, you anti-Robin Hoods, you are the worst!

What is the problem here guys? I now more than 90% of this forum will know what is a hyip and they won't invest in it. Every one needs to research about what they are investing in etc. If they take the chance its their choice they can lose it all or gain. You know what 4.5% is nothing. If they invest in Paidverts they can get 155% back meaning 55% profit how is this than possible? Go figure! And if they do trading binary stuff then they are even more in profit. 175% Return per trade which is even more. The Industry of HYIPs is full of frauds i know that but there is always light in the dark!

From https://www.cryptcominer.com/


Future Trails SCAM : The biggest Short Term HYIP of 2011 ? http://hyip-blog-investment-monitor.com/2011/02/24/future-trails-scam-the-biggest-short-term-hyip-of-2011/

http://web.archive.org/web/20111015030955/http://www.futuretrails.com/

If it is too good to be true, then it probably is.

Bitcoinland is filled with promises of great riches but the remains of scams, failed companies, and bad people are everything.  Caution is key.

Pretty interesting stuff you're saying there...
So , only idiots are really living their life on the edge? Count me out of it ;).

Maybe they have some connection with banks, now banks are printing money like crazy, it can sustain such kind of return as long as the size is relatively small, you know how much money banks are printing every day???  ;D

It's not a reduction of risk, if the "collateral" is coming from the same source of "income".  Creative way to boost your earnings, indeed. :D

Obviously, cryptcominer is a blatant Ponzi-scam. Therefore it is guaranteed to be successful within this community... ;D

ya.ya.yo!

It could be possible if you mine a few of the new alts and then offload them quickly onto the market hehe.  This obviously takes skill to pick the correct ones.

Ok I reserved you 20 spots.
Keep in consideration the higher is the  nominal value of the coins you'll sendme, the higher will be the reward you will get

If you stay in on the beginning and know when to leave, it's easy profit.

That would work only in small investments.
I made a few btc profits by doing the exact method you mentioned but it won't work if you plan to make that with 100 btc or so.

If you try to drop 100 btc worth of coins  on the alt markets you're going to take the price to one satoshi and your profits to 0.

This is why I'm not switching to that signature campaign even though I'd make about 0.1 BTC a month extra. It's definitely a ponzi/pyramid scheme and the chance of a scam eventually is almost 100%. I refuse to assist in that scam.

To anyone who wonders if they could be legit, simply consider the math.  3% daily interest, if compounded (which I assume it would be if you keep reinvesting your returns) means that if you invest $1 now...

1*1.03^(3*365) = $113,962,259,727,591

you will own the world in about 3 years.

Many people will recognize this for what it is.  But some will get sucked in because they simply haven't come across this sort of thing before.  If someone is naive, they should be educated, not taken advantage of.

Time to start an anti-Cryptcominer sig campaign.

Why bother? If anybody actually believes this and then loses money they deserve to. I suspect everybody is aware its a ponzi scheme and are hoping to jump off before it unravels.

there are tons of fools .... they will fall for it

I am in will small amount $20. Got first payment. Will see how it working.

Seems like a scam to me. Has anyone did any research on them?

It still paying daily. But you cant know when it stop  ;)

The only way this could be more obvious, and justify that it is not a scam, is if they renamed it to ponziminer and add wording that they will pay... until they stop.

Keep in mind your don't own any funds until it has left their system and is back into your bitcoin wallet...  Numbers on their website are just that.

They can cut and run at any moment!

Let people put their money wherever they want. This is not a child forum, you know.

Or you should also police the altcoin forum because most coins will die pretty soon, the gambling section because people may lose, the food people eat because it might not be the healthiest option, etc

I see so much hate for the signatures.

Why don't you create a signature to warn people NOT to give btc to scammers?

I'd use that!

Exactly what kind research do you think can be done here?

I'm curious...

Would you trust a polish bank with physical branches?
Well, it appears they are scamming people https://bitcointalk.org/index.php?topic=746065.80

And nobody seems to care. Only the people who lost their hard earned.

Scam seems to be the word of the day.

 

Text on the website is poorly copied from an old scam, they didn't even took the time to make it a little believable.

I think this little "research" is more than enough for people to stay away from this website:

Wow... Never heard of futuretrails before.

At least now we know who is behind this and that they have the funds to back this thing for a couple of months.

From a quick read in your links futuretrails was hugely successful and lasted for 2 years.

You don't seem to understand how these scams operate, in a ponzi scheme there's going to be a point when there's a maximum of funds in the system and this is the point when the administrator runs off with all the money, it's not when there's no new money entering the system so he can't pay older "investments", it's when the new money slightly decreases.

Ofc they dont create these big scams for no profit :)

I agree with the line of your statement.
Only thing that may mislead people is the massive signature campaign going on that may induce in someone the idea of reliability.  

I mean ...someone may think: "if so many bitcointalk members are advertising it...then it should be ....."

Before they run off they want to maximize the funds and to do that they have to at least create an illusion.

The bigger the illusion (paid signatures, payouts...) the bigger payoff for the scammers.

And illusions cost money.

So if these particular scammers have more money they can create a bigger illusion ie make this thing last longer.

That's what I understood from his post so maybe he understands how a scam works.

Till now they are paying ok,let's see what happen in future

In the future they'll stop paying. That's as certain as death!

And as death you just don't know when it will happen but I bet it'll be a lot sooner for most of us.

My assumptions are that they will stop paying (but not scam, maybe?) in around 1 month. 3% a day is just too high for the investment to continue paying out.

Not scam, maybe?

LOL!  ;D You're really confident.

It will last more than a month. The sig campaign is huge.

You'll go out after a month but then you see they continue paying after 2 months and you'll come back with even more trying to catch your "losses" and then BAM! you're scammed.

Be wise! If you quit after a month never come back!

Anyone seriously invested in altcoins is a lost cause.

This is true. It is also true that crypto miner can be nothing more then a ponzi. There is nothing they could potentially be investing in that would allow them to earn anywhere near 4.5% per day. Anyone that believes this clearly does not have a clear understanding of how economics works.

I don't look like a fudster, but if you guys are slightly risk-adverse make a decision until next sunday.

And remember, only you can prolong or collapse this, it's in your power.

By definition a ponzi is a scam. There is just no way around this. A ponzi is something that takes your money while claiming to be investing it but in reality is actually using your money to pay back other people's money. Since they are lying about what they are doing with your money they are scamming

I would like a 4.5% daily return.  Seriously, who wouldn't  like it? However, it is not true and a scam.

Get real people.

4,5 is only for those with high investments(20k+, if I'm wrong). For the low tier it is only 3%


I think people will get it, the doubt is how long they will keep receiving

Do you honestly believe that there is actually an investment that pays you 3% per day?

90% of people are there for signature campaign  :P

Not really.

1- Recognizing legitimate coins before they become popular and pumping them.

OR

2- Pumping and dumping coins as one of the early investors.

A lot of money is to be made if you are among the original few to a decent altcoin, can help pump it and know when to dump it.

It doesn't make sense to invest in most coins if you come in late as they are bound to die soon.

This is true.  ;D

I'm not.

I really believe this investment opportunity.

Just checked my mailbox and found this email from cryptominer:

copypaste
"Hello xxxxxxxxx

We are only for quite some time now and we reached 2000 members. We want to celebrate it, by adding a new investment plan. It will be available for 5 days only. Plan pays you 130% after 24 hours. Invest 1000$ and receive $1300 in 24 hours.

Remember this plan is only to celebrate this milestone. It will be removed after 5 days.

www.cryptcominer.com

Best Regards"

/ copypaste



Wtf are you for serious ?!?!?!?!
30% rewards in 24 hours?!?!?!?!

You guys may be joking: any person with just a little bit common sense clearly understand your bad intentions.

This kind of behaviour makes me think "they are scraping the bottom of the barrel in my opinion" : i guess the end of this fantastic investment program is near they are trying to grab as much as possible and my personal opinion is they will run away soon.


My advice is everyone uses their brain and then decides

This site is scam.They have run away with the money.

It's a simple Ponzi game. Last in will get nothing. Only a few at start seem to have gotten some reward, enough to gain some credibility.

If they pay that 130% for the first 2-3 days they will make a shitload of money for the run.

I expected it to run for longer.

Many people are already reporting delayed withdrawals which may indicate the end.

But they can also try a never seen twist.

Old hyip stories...
Clearly scam

A second mail arrived today lmfao:

"Hello xxxxxx

We have extended VIP package for another 5 days. In order to invest you need to go to member area and choose New Investment, VIP plan will show up as first.

Instant withdrawals will be enabled soon as well.

www.cryptcominer.com

Best Regards"

My guess is:  soon to be the end.

Stay away people

It's already ended. Owner of the site logged onto Bitcointalk and locked all his threads about the site. No withdrawals have been processed since a few days ago, I think.

Just wasted an hour reading about all of these stupid HYIP sites. Really???

Well anyway, I hate the idea and hate the idea of participating in it even more. As a community we end up in a conflict of interest.... We are supposed to look out for one another on here yet our purpose for investing in these sites is to cash in and cash out quickly before the scheme collapses.... screwing the members who cashed in just a little too late.

You realize this behavior causes other people to lose money for your gain and it perpetuates the creation of more garbage alt coins to scam people?

It's really sad. This is not a community.

Instead of real investing opportunities with serious intentions people lose time with these obvious scams that they know will certainly hurt others and leave one scammer laughing.

It sickens me!

Please stop this on the forum!! Ban these obvious scams from the beginning! Don't accept signature money from scammers!

 >:(

I doubt that there will be any money paid by them in the future to begin with.

This was probably why people who joined the signature campaign were required to join the website with a valid email address.

I also think this should have thrown up a number of red flags to anyone considering to "invest" as there is no way that any company could reliably make this kind of returns in this time frame.

cryptcominer is 100% scam  ;D they will gone soon

I cant open the site, how much have you earned?

You're a little late.

Thank the gods for that!  ;D

I completely agree with you. Even if the scammer doesn't pay out too much in the beginning (although I know this is false as the last one I saw paid out $40,000 after taking in $80,000.... over a TWO WEEK period), we still shouldn't enable something so stupid. The aforementioned scammer made $40,000 in 2 weeks which is crazy.

Reading posts in this thread (from parasites with sig ad campaign ) sickens me.

This community is so bad.

It makes me sick how far we done fell  :'(

http://youtu.be/1wmgghlEagA?t=3m10s

Totally agreed!

Please stop spreading these things with paid signatures.

It doesn't help!

The reason this worked is because people are greedy. Period, end of discussion. They wanted to make unrealistic returns for the short time before they would run away with investors' money (but did not know when this would happen). Some people profited and some people got the short end of the straw

Now the site has gone, I'd like to hear from people who participated..   

Do you really think they made off with much money? I really don't think they would have got any sizeable investments probably the odd $20 here and there.

According to this article http://cryptoconspiracy.com/overnight-major-ponzi-scheme-cryptcominer-finally-absconds-with-over-70-btc/ they made off 70 BTC, pretty much money gathered in a short period

Some of that very well could have been their own money. They probably needed a little bit at first to pay out the early "investors" and would likely want to keep more in their known addresses to make people feel more safe about putting money in their "service"

I think they will back again with new identity , then run a new site and signature campaign ,and certainly there will still be someone who be cheated.

Just keep your eyes open and stay away from these stupid scams.

That's why you turn them into the SEC as soon as you see any problem.  The SEC shuts down
a Ponzi every few weeks. Sometimes they get the money back, too. Sometimes the scammers
go to jail.

100% bullshit

The difficult will increase & block reward will decrease
SO, the profit will down & someday you will get negative profit result


Becuase they promote really well, and they have good system
And they run signature-ad campaign too


Very soon  ;D

Hashprofit.com is now going to start advertising. Their rates are a bit less extreme but still 1.5 percent a day is large. No compounding.

Are they down!?

Yes,the website is down.

So this is officially end of this story?

They have been down for ages now, they're not coming back and investors will never see their investments
again. Sad but true, think twice before risking your money!

You seem surprised. I saw people advertising for them and I knew it was going to happen soon.

Of course not.

They'll be doing sequels until it stops being profitable ie. until there's no more stupid people falling for this.

It's the end of the CryptcoMiner story, not the end of scam
schemes on this forum, and stooopids investing into them each time.

Personally I wonder what goes through the mind of someone investing 1000 USD thinking he's gonna get a 35% profit within 24 hours.

People will never stop falling for this as they generally see that this is a ponzi however they do not know when it will collapse and will try to profit from it in the meantime

not all idiots. there are some pretty smart to take this opportunity to attend 1 or 2 times then go before the site becomes lost

Some said to me that trying to out guess a Ponzi's lifespan was like picking up dimes from in front of a steamroller.

The issue is that people get greedy when they do this. If it works 2 times, then they want to try it a 3rd, but this time with more money, then a 4th, and a 5th time. This cycle continues until the ponzi runs away with their money