Btcmine.io is a Scam

[Dudeperfect]

My friend recently tagged me in the facebook post regarding this website. They are claiming to give 100% returns within 24 hours for the deposits above $5K (This joke, made my day). Yet I gave them benefit of doubt and asked for the details.

Web Archive Link.




Hannah Scott: Hello, would you like to talk about our platform?

Me: 100% in 24 hours? What do you exactly do?

Hannah Scott: People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 25 bitcoins roughly every 10 minutes and this is what we do with your investment! We "mine" your bitcoins and then you receive part of the profit we make.

Me: And where are the mining farms located? What is your total hashing power?
Hannah Scott: Our Mining servers are located in the UK.

Me: What about hashing power?

Hannah Scott: Sorry i can't give you that information

Me: If I am investing in something then it is my right to know the details of the project.

Hannah Scott: We on the otherhand have terms and conditions

Me: Can I at least see the payment proof? (Don't give transaction ID of some random transaction please)


Hannah Scott: What payment proof do you need?

Me: Anything other than random transaction link. Read
If there is any

Hannah Scott: I dont know the exact payment proof you need sir.
Let me know so i know if we have it or not

Hannah Scott has closed the chat.

DO NOT INVEST IN ANY SITE WITHOUT DOING DEEP RESEARCH, IGNORE THIS WARNING AND LOSE YOUR MONEY.

[bL4nkcode]

WTF like seriously?
This must be the biggest joke I ever heard 100% returm in just 24 hours if you deposit with the minimum of $5k? its 1.5 BTC at current price. And I know many people are still crazy to believe this scheme and will continue to deposit ther and of course will cry later after they got scammed.

[player514]

This is a clear cut Ponzi scheme involving the classic "cloud mining" hook. Things started getting fishy when the person said that they could not tell you any information about the hashing power. Huge red flag and good thing you picked up on it.

[pinoycash]

Probably they are already in the lifesupport and this is their last effort to make more money from newbie investors that will take the bait of the 100% Promised return in 24 hours.

[SyGambler]

such sites don't need new topic in the scam accusations , cause there are literally thousands of them and all are obvious
when people join ponzis they should realize that all what these sites are saying is pure BS
so its all about people's brains , if they think such returns exist then they need to stop using bitcoin

[Dudeperfect]

such sites don't need new topic in the scam accusations , cause there are literally thousands of them and all are obvious
when people join ponzis they should realize that all what these sites are saying is pure BS
so its all about people's brains , if they think such returns exist then they need to stop using bitcoin

I wish that was the case but unfortunately, there are hundreds of new and greedy investors who fall for such scams without giving any second thought. I have searched with this domain on the internet, but I couldn't find any page/site that at least mentions this scam website so I thought I should create a topic about it and even if I could avoid 1 person from investing in this site, then it would be worth it in my opinion.

There is no practical solution rather than public awareness about such scams and yes, lust and greed are inner enemies which won't allow common sense to work in such conditions.

[Lauda]

Obvious scam/ponzi. Do you know if there are Bitcointalk accounts that are associated with it?

[Dudeperfect]

Obvious scam/ponzi. Do you know if there are Bitcointalk accounts that are associated with it

No, I haven't noticed anyone promoting this site on Bitcointalk. I have noticed that these sites heavily rely on Google AdWords and Facebook/Instagram ads. (Paid and organic both)

When I reported it to the Facebook, See what is Facebook's response.

And I do report suspicious things on Bitcointalk too, See what is Bitcointalk's response.

Why is it difficult for Facebook to prevent users from mass scam attempt? The page is live today and still has a link in the website section which claims 100% profit in 24 hours.