Is bitminer.io a Ponzi?

[BitcoinNational]

I can not see how this is not a Ponzi.
https://bitminer.io/1923749

Yes 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?

[panaky]

Bitminer.io is a site that promises easy earnings but then does not pay! I do not know how to define it, surely it is not a serious site.
His CEO is also the CEO of:
btcprominer.life
startminer.com
Other very promising sites on paper.

However, all these sites are registered with company number 09951039.

On the website https://beta.companieshouse.gov.uk/company/09951039/filing-history you can find a link a document  whose text is.
 
The text is:
" Date 23/05/2017
  Ref: DEF6/09951039

  Companies Act 2006 (Section 1000(3))

 The registar of Companies give notice that, unless cause is show to the contrary, at expiration of 2 months from
 the above date the name of
 BITMINER CLOUD EU LTD
 will be stuck off register and the company will be dissolved.

 Upon dissolution all property and rights vested in, or held in trust for, the company are deemed to be bona vacantia, and accordingly will belong to be crown"


Mr. GIACOMO BUGINI is very active on the internet !!
see at :
https://bitcointalk.org/index.php?topic=699893.0
https://bitcointalk.org/index.php?topic=699893.135

Spread this information.

Destroy Fraud Affaires !!!

[shaw1]

lol. Yes, bitminer is a ponzi/scam.

They promise what, 40 satoshis a minute for free?
Let's do some math. 40* 60 * 24 = 57,600 satoshis free every day.

Now let's count the amount of work you do to receive said funds: 0.
There are no ads. (Not that a measly ad will earn almost 60K satoshis a day from one user).
There is no purchase required.

How can they afford to give away free money like that?
Simple answer, they can't/don't.

Remember: If it sounds too good to be true, it almost assuredly is.