i wish to mine this coin

[eduplata]

hi, some friends are trying to sell me this coin https://bitcoinvault.global/, they send me referral links to mining city, they tell me to buy the 3500 dollar plan, my question is there is some way to mine the currency without paying that amount for cloud mining?, I'm able to buy mining machines or gpu

[adaseb]

hi, some friends are trying to sell me this coin https://bitcoinvault.global/, they send me referral links to mining city, they tell me to buy the 3500 dollar plan, my question is there is some way to mine the currency without paying that amount for cloud mining?, I'm able to buy mining machines or gpu

Never heard of this coin and have no idea why you would want to mine it.

In my opinion any type of cloud mining are all scams, most people never make back their investment unless the underlying coin has crazy gains and in that scenario you are better off just buying it directly.

A quick google search shows that BitcoinVault is listed on Coineal, some Chinese exchange so you can just make an account there, deposit some BTC, buy your BitcoinVault coins and they are yours.

[CucakRowo]

Cloud mining, mostly ended as scam. And i just have heard about this coin.
I'm suspicious about this project tbh. here's why :
1. If you click their whitepaper, and click Eyal Avramovich name on that whitepaper, link will point to legit person.
2. If you click their github name under Eyal Avramovich, it will link to legit project and active github activities.

But :
1. who.is show this result :

Code:

Updated Date: 2019-12-09T14:23:59Z
Creation Date: 2019-12-09T14:23:57Z
Registry Expiry Date: 2020-12-09T14:23:57Z

2. If you click github link that on the UI, it will shows different result (github link is under Go To menu)

right click image for zoom.

Be careful when you decide to invest your money on this coin.

Idk why you open 2 threads only for asking same basic questions.

For Archive : Website & WP

[joblo]

Anything involving referrals is a pyramid scheme.

[Herry Toms]

Don't fall for cloud mining mostly they are scam they have different ways to do this. $3500 are enough to invest in GPU's and they can work better than cloud mining.

[McMCrypto]

This is  a 100% dirty manipulated crypto (BTCV centralized by Minebest)  and price 100% manipulated in low reputable-exchange

@Eyal Avramovich

This is Fraud Pyramid System (clone for BitClub Network),  

https://behindmlm.com/mlm-reviews/mining-city-review-bitcoin-mining-securities-fraud-investment-scheme/


Proof  of Blockchain Manipulation:

https://www.youtube.com/watch?v=tsTOu0I0NFI


Low-reputable exchange in the industry manipulates the prices & volume market

https://www.theblockcrypto.com/genesis/24878/up-to-86-of-total-reported-cryptocurrency-trading-volume-is-likely-fake-according-to-analysis-of-exchange-website-visits

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They (Minebest) created recently World Digital Mining Organization, a ” legal support organization ” it seems, to make ” legal ” coverage in USA, for his Fraud Securities Scheme ( Mining City), trying to join other miners in order to mine his manipulated shitcoin (meanwhile they are the whales of his own shitcoin).

http://digitalmining.org/about-wdmo/


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Conclusion  its  a ......... PUMP & DUMP EXIT SCAM  scheme