Auroramine.com seems to be too good to true. What might happen in future?

[manhdn]

Aurora is a cloud mining service that offers 10% per day and cash back after ten days. It is crazy but it seems to run well at this time. Many people put a lot of money into that. It is clearly a ponzi scheme. It is 10 days old untill now But I want to know What might happen in next days? As im new to this so pls someone explain me what might happen to this kind of service? Thanks in advance

[davey76]

Like this: They will pay a few people and then stop paying. Next the site will be down. Then your money is gone.

[Chris314]

Clearly a Ponzi scheme, like many others with such ROI. Most probably you'll be able to request a withdrawal, but it will never be completed and the support won't answer your mails. Then after a while the website will be closed and you'll never see your money back.

[giveen]

I still can't believe people ask such stupid questions and people get fooled with these so called mining offerings. The question you asked about the site is a really old method when btc wasn't as famous as it is today people used to invest in these they are know as ponzi schemes. Nowadays the problem is many don't fall for it so even if 100 investors invest they don't repay they simply walk away with the money.

[kurian]

Eventually it'll turn to be a scam.

[Phash2k]

page is down... sooo

[warnerbunny]

This is the BTC address of auroramine: 38jMiiZs2C5n5MPkyc5pSA7wwW6H4p6hPa
Still has a balance of 67.60728997 BTC at the moment.

[mikaylskywalker]

page is down... sooo

yeah.. 403 Forbidden .. we'll see how it will be in hours.. i hope it's not a scam !!!

[mikaylskywalker]

Here is what they said:

Hello, we are aware of the current issues on our platform.
If you are experiencing any issues, simply clear your DNS cache or try to visit our page with a different device such as your smartphone.
Alternatively you can use the Google DNS Server (8.8.8. to enter our site.

Where i can read some their issues in future or something messages from them ? Thank you :-)

[Anony121]

Without a doubt that this is just another ponzi.
What you can try is to cash out when you have that opportunity but you shouldn't expect your money. And the golden tip that I will give you is not to invest in it.

[mikaylskywalker]

Without a doubt that this is just another ponzi.
What you can try is to cash out when you have that opportunity but you shouldn't expect your money. And the golden tip that I will give you is not to invest in it.

The website is now okay, they're running, so dont say these words, when you dont know nothing 'bout it.... i like these people.

[Anony121]

Without a doubt that this is just another ponzi.
What you can try is to cash out when you have that opportunity but you shouldn't expect your money. And the golden tip that I will give you is not to invest in it.

The website is now okay, they're running, so dont say these words, when you dont know nothing 'bout it.... i like these people.

Do you have any idea where you're talking about anyway?

[KwizatzHaderach]

If it is too good to be true, it surely is.

Be careful in investing.

[Fire Rabbit]

Its 100% a scam Ponzi site. Just imagine who will give you that much money for doing nothing. For first few days they will pay all the investors their profits. It will help the site to gain trust from the bitcoin community. After that investors invest hugh amounts of money thinking its a legit site. When the site admin gets enough deposits from investors, the site will go offline. This is what usually happens. I already have experience with 3 such sites.

[burky156]

It's a big scam guys. I tried to withdraw BTC but they say i have to invest first! I heard many people lose money with their lies. Please do not invest Auroramine

[linxroyal]

definitely a scam haha, wtf i waited a week for nothing.
good thing i did not invest.

first pay out is minimum worth $1
then when you reached $1, minimum $1.53
and so on and so forth, it will not let you withdraw your bitcoin haha! (it will show a popup that you have to invest $5 first)

[vph]

Somebody tell us which of today existing hardware is capable of 10 days ROI, let’s say at zero electricity cost.
This would answer many of the questions people have.

[N-D-A]

first pay out is minimum worth $1
then when you reached $1, minimum $1.53
and so on and so forth, it will not let you withdraw your bitcoin haha! (it will show a popup that you have to invest $5 first)

The fact that the withdraw function went up is because it's in BTC and the BTC price went up, so that has nothing to do with the possible scam they are running... I invested 0.10BTC in it 11 days ago, and at this time I've been able to withdraw the whole 0.11BTC I "earned" up until now by withdrawing every 24hours, meaning I'm up 0.01BTC atm... Tomorrow it will be 0.02...

So ponzi or not, I got my money back in 10 days and everything I get from now on is extra. (I'm planning to reinvest earnings every 3 days, while withdrawing the other 2, so no more actual money of mine will go in, and even if it goes offline right now, I would have only gained from it.) Don't get me wrong, though, I don't wish it upon anyone to be at the end of a ponzi scheme, but at least I'm glad if it was a ponzi, I was high enough in the pyramid to have gained from it this time.

The site shows how much it has payed out to date, but it also shows the total bought hashpower thus far. If you calculate the cost of the bought hashpower, it ends somewhere over 1000BTC, but as we speak it has only paid out ~205BTC. As long as people keep buying with externally sent BTC, the site will have more BTC incoming than outgoing, but once that diminishes and the number of people just cashing out rises over the new-bloods, the paid-out amount will grow bigger than the paid amount for hashpower. Somewhere before that happens, the site will probably go offline and disappear... If it ever doesn't stop and continues to work after that time, the site has to be legit at least to some degree, though, since otherwise it's just handing out free money... Nobody does that...

You could still risk riding along with the ponzi and hoping you still are high enough in the pyramid to make it past the 10 days, but it's a risk none-the-less. The site could be there for weeks to come, but can also magically evaporate tomorrow... That choice isn't anything different from any other gamble, though, so it's up to you what you can miss and if you can risk it.

Anyway, I'm just glad my 10 days of stress are over and all that remains for me is just waiting for the ship to go down, only to see if it does or not... :p

[shield132]

It even don't worths to post anything in such thread. OP are we all crazy and mentally ill who work hard to earn money? Are builders, footballers, businessmans crazies? Oh let's sell house and put on auroramine, our life will be better and we will be billionares soon, what a great idea. FORGET, you know what happens, website will close and run away with profit and everyone silly person will be withouy money. Yes silly because when someone promises you 10% daily for nothing and you agree.. What can I say more..

[denzkilim]

The return of investment is too good to be true, clearly this is a ponzi scheme. Like other ponzi schemes they'll pay you at the start maybe they'll keep doing it til 2 to 3 months until they gain huge popularity and people will be lured to invest to their ponzi scheme then after lots of people invested they will disappear.