![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fbitminer.io%2Fs%2Flogo.png&t=665&c=Pu-yu4lMiczifw)
I can not see how this is not a Ponzi.
https://bitminer.io/1923749Yes it is a slick reff link.
But I am also researching how this is an efficient business model.
You give them an BTC address and then they just pump 'free' BTC into it. At 2 satoshi/minute. Free lunch?
Well there is the first obvious check point is that can not withdraw until you earn 0.005 BTC.
As far as I can tell that is about 10-12days.
This seems to be the bait. And the wait, the trick to spur the impatient. The dashboard has a clever graphic illustrating your cartoon avatar getting rich, how?
Just send more BTC to earn 'faster'!! If you send them 5btc for the super-elite-extra-deluxe membership they are promising 1 BTC per day return.
The claim is that they've been running for +1year.
BITMINER CLOUD EU LTD
20-22 Wenlock Road, London, England, N1 7GU
First accounts made up to 31 January 2017
Incorporated on 14 January 2016
CEO BUGINI, Giacomo
https://beta.companieshouse.gov.uk/company/09951039[very suspicious]
What's the business model here?
How's BITMINER CLOUD EU LTD generating profit?