StartMiner,is it trustworthy?

[malakas51]

Hello guys, I am pretty new to BTC and I am looking for ways to earn some bitcoins and I came across https://www.startminer.com/
Up to now I have earned about 0.00071905 BTC 
As I see, I will be able to withdraw only after mining 0.005 BTC but I am curious if I will have any problems with this, such as completing survey's, have to pay or in general make my life harder.
Have anyone tried that miner before? Did you have any problem with it? I am really looking forward to investing some money after my first earnings...
Thanks in advance

[1715094224]

1715094224

[1715094224]

1715094224

[1715094224]

1715094224

[Iranus]

This is a Ponzi scheme.

A Ponzi scheme is a system in which earlier investors are paid with the investments of later ones.  Therefore it relies on a constantly increasing stream of new investors until the admin feels that they can make a good profit, at which point they run off and steal the investors' money.

Actually, this kind of Ponzi scheme is a lot more like Bitminer.io in which they never paid in the first place and are most likely a straight up scam.  The way that Bitminer.io did it is that they offer a free service in which you can only actually withdraw at a high amount and when you try to do it it says to wait up to thirty days, and in the meantime to pay for instant withdrawals and a better service.  They never intended to pay you for the free service, but since you now think they're legit because of the balance it built up, you put in money, which they steal.

They might even selectively pay monitors of these sites and other people which they believe will get them good publicity in a ruse to scams thousands more naive investors into the system.

Don't put any money in, and get away from that site straight away.  No one is going to give you free money unless they're actually interested in you individually, so don't believe it until it happens.

[malakas51]

This is a Ponzi scheme.

A Ponzi scheme is a system in which earlier investors are paid with the investments of later ones.  Therefore it relies on a constantly increasing stream of new investors until the admin feels that they can make a good profit, at which point they run off and steal the investors' money.

Actually, this kind of Ponzi scheme is a lot more like Bitminer.io in which they never paid in the first place and are most likely a straight up scam.  The way that Bitminer.io did it is that they offer a free service in which you can only actually withdraw at a high amount and when you try to do it it says to wait up to thirty days, and in the meantime to pay for instant withdrawals and a better service.  They never intended to pay you for the free service, but since you now think they're legit because of the balance it built up, you put in money, which they steal.

They might even selectively pay monitors of these sites and other people which they believe will get them good publicity in a ruse to scams thousands more naive investors into the system.

Don't put any money in, and get away from that site straight away.  No one is going to give you free money unless they're actually interested in you individually, so don't believe it until it happens.

Hey,thanks for your answer,are there any other options to mine BTC without need to have special hardware?

[maydna]

i think its better to not make deposit into that site, if that site is offering for free then you can go with free. as long as you don't make any deposit, you are fine and save. because i see the other site that similar with that site, but the other site need us to download the software and many people has get scammed for this and the other part, the software is contain a virus that affect their computer. so i think, you need to wait until you can make your first withdrawal for your free account and then you can decide to make deposit or not but my advice is you don't need to deposit because its not good and not safe for you.

[Skarner21]

Hey,thanks for your answer,are there any other options to mine BTC without need to have special hardware?

I think there is no other way to earn bitcoin without hardware or you can earn bitcoin in other way not mining but you can earn bitcoins..
Like offering services here in forum or other places which are paying in bitcoin or you can claim free bitcoin in many faucet or a place where you can apply like affiliate marketer or publisher.
You can check this place to find your own task in sevices section
https://bitcointalk.org/index.php?board=52.0
or in small earnings like faucet here
https://bitcointalk.org/index.php?board=212.0
Or you can sell some digital stuff like coupons or license you can check it here
https://bitcointalk.org/index.php?board=93.0

[mrcash02]

Scam scheme on the same style of "newage-bank". There is a "free option", which you can earn up to 60000 satoshis daily. The problem is that at certain point they stop paying and you waste a lot of time claiming all day long and don't receive any penny.

With the "packs" they offer you can earn up to 100% referral comission, wow! This site won't survive for much time.

[lottery248]

do not buy those contracts if the site provides referral, which will not allow the legit mining site in case to gain anything. do not expect guaranteed return in case of investment.

[jhenfelipe]

This site seems to be the same as bitminer.io which ia not paying if you'll just use the free and not sure of being payed if you upgrade the version (see bitminer thread here ). The safest choice in my opinion is to just avoid investing in this kind of service. Try the free one if you like since you'll not be doing anything but to wait for the minimum withdraw amount. If you're looking for mining, Hashnest is the only one I could suggest. Take a look in their ANN Thread here and decide for yourself.

[Lionidas]

This site seems to be the same as bitminer.io which ia not paying if you'll just use the free and not sure of being payed if you upgrade the version (see bitminer thread here ). The safest choice in my opinion is to just avoid investing in this kind of service. Try the free one if you like since you'll not be doing anything but to wait for the minimum withdraw amount. If you're looking for mining, Hashnest is the only one I could suggest. Take a look in their ANN Thread here and decide for yourself.

Hashnet is the most reliable one the in cloud mining industry?
I have been looking further into these companies and have been trying to see which one would payout the fastest so to get what you actually end up putting into the site and walk away with at least a decent amount of profit and not just 10mbtc to risk your bitcoin while doing it for 3+ years. That in itself is just a silly thing to do.
So how long have they been in operation? And are they more reliable than Hashflare which is run by Hashcoins?
They do of course have the brand name of Bitmain backing their credtability and risking it if they indeed do fold one day.
Cause as we all know these type of companies can not last forever and most if not all of them fold and runaway eventually with only one or two of them left after an average of 2-3 years of operation.

[Humanxlemming]

~snip~

"Ponzi scheme", Don't be fall over it it will turned back at scam if they reached the bitcoin/money that they want, i think it is just a duplicate like bitminer.io so the best thing that you will is don't deposit and just try it for free and in that there's no loss for you.....

[bL4nkcode]

First I visited the faq page of this site an it says it is a bitcoin mining pool but upon reading it it foes like you have ti sign up ti generate bitcoin then I tried to visit the home page and now it looks familiar, the layout, the contracts you have to buy is the same. No doubt the owner of bitminer.io and this site is the same. So you have to avoid  this site if you dont want lossing your btc on them.

[crazyivan]

Big time scam, an obvious one.

As soon as alts have started going up, these ponzi assholes started emerging from their caves.

DO NOT GIVE YOU MONEY TO SCAMMERS!

[LittleBitFunny]

This site seems to be the same as bitminer.io which ia not paying if you'll just use the free and not sure of being payed if you upgrade the version (see bitminer thread here ). The safest choice in my opinion is to just avoid investing in this kind of service. Try the free one if you like since you'll not be doing anything but to wait for the minimum withdraw amount. If you're looking for mining, Hashnest is the only one I could suggest. Take a look in their ANN Thread here and decide for yourself.

They do of course have the brand name of Bitmain backing their credtability and risking it if they indeed do fold one day.
Cause as we all know these type of companies can not last forever and most if not all of them fold and runaway eventually with only one or two of them left after an average of 2-3 years of operation.

Bitmain isn't an example of a company that could just fold.  They've been around for a long time and have a lot of other services, and the amount of money that they earn is so high that they don't even have an incentive to scam people.  Not only that, but they have public figures like Jihan Wu, so if they scammed anyone he couldn't bet on staying alive for long.

I have been looking further into these companies and have been trying to see which one would payout the fastest so to get what you actually end up putting into the site and walk away with at least a decent amount of profit and not just 10mbtc to risk your bitcoin while doing it for 3+ years. That in itself is just a silly thing to do.
So how long have they been in operation? And are they more reliable than Hashflare which is run by Hashcoins?

That's a really bad way to look at cloud mining.  If you're looking for which service will pay out the fastest, you'll just find thousands upon thousands of scams which appear - and disappear - every day.  The only ones which I doubt are scams are HashNest, ViaBTC and probably Genesis Mining and Hashflare.  If you're concerned about leaving your Bitcoin at risk for years, well that's what cloud mining is - you can't expect guaranteed profits, ever, and mining is inherently unreliable.  Still, ROI in a couple of years, which you could (probably, if the difficulty doesn't change) get is possible on HashNest and that's unusual for most normal investments.

I wouldn't invest in HashNest if you have morals though, Bitmain are slowly centralising Bitcoin with their huge Antpool and all their miners through HashNest.

[malakas51]

Thanks for your replies guys, I appreciate it.
Well, as you told me I will just wait and see if I can withdraw that minimum amount of bitcoins.
Maybe I will insert more BTC addresses so I will win more, will see...

[bL4nkcode]

Thanks for your replies guys, I appreciate it.
Well, as you told me I will just wait and see if I can withdraw that minimum amount of bitcoins.
Maybe I will insert more BTC addresses so I will win more, will see...

Once you reach thei minimum amount of withdrawal on that site it will make an excuses that you have to upgrade your account so you can withdraw. Just like bitminer.io, when I reached the 0.005 minimum and I tried to withdraw (of course I'm not expecting that they will let me withdraw those amount as easy as that but I'm expecting opposite of that) and as what I'm expecting they made excuses and said that I have multiple accounts on their site so I cant withdraw(even I made one account), and to be able to withdraw they said that I have to upgrade my account and bla bla bla. and lmao. So just don't waste your time there you will get nothing.

[pinkflower]

Is this a new cloud mining service? The current state of difficulty of Bitcoin mining makes it an impediment for new miners to be profitable. Almost all of them will not be as efficient as the Chinese miners with their data center mining farms.

[x4]

Thanks for your replies guys, I appreciate it.
Well, as you told me I will just wait and see if I can withdraw that minimum amount of bitcoins.
Maybe I will insert more BTC addresses so I will win more, will see...

Maybe you can lock this thread as I see that almost reply here is to make people stay away from any kind of HYIP sites. And I guess you know already the risks of getting involve in any sites like this when you invest/deposit/give whatever they call it.

[lumeire]

Big time scam, an obvious one.

As soon as alts have started going up, these ponzi assholes started emerging from their caves.

DO NOT GIVE YOUR MONEY TO SCAMMERS!

Such a sad world we live in, obviously.

Anyway you should only transact in established sites/companies, like HashNest.

Is this a new cloud mining service? The current state of difficulty of Bitcoin mining makes it an impediment for new miners to be profitable. Almost all of them will not be as efficient as the Chinese miners with their data center mining farms.

It's just a rehashed scam scheme.

[Catmony]

are there any other options to mine BTC without need to have special hardware?

This site is complete shit and just another scam which can vanish overnight.

Talking about other cloud mining sites like genesis-mining, its better not to invest in them because you will not earn any profit for many months or even years with increasing mining difficult. Personally i suggest everybody to remain away from any cloud mining sites.

[varaha miner]

start miner gives btc when you fuck start mine wife hole,,,,,,it is scam