Auroramine Website Has Shut Down!

[LogitechMouse]

I have registered on this website a month ago and when I reached the 30k satoshi mark I want to withdraw it but before they want me to withdraw it, they want me to deposit 115000 satoshi to get it. That's the time that I said its a scam and I stopped it. Lucky I didn't invest with it.

[mirzamuneeeb]

I just invested 500k satoshi today, after 2 hours it's offline!!! nothing to say

Ohhhh

[fanatic26]

Piece of advice buddy, there's no such thing as cloud based mining. The only legit mining site so far is Genesis Mining which provide details and actual screenshot of their mining farm and its actual location.

There are actually a few legit cloud mining companies.

Genesis Mining
Bitcoin.com
Hashnest

The only way to make money on these contracts is by the coin price rising so there is an opportunity to make a profit but the margins are very slim.

[pratik009]

I invest $50 in the auroramine before somedays.and it gives me interest for some days but after some days when I tried to signin my account;the site couldn't respond properly.and on the next day the site couldn't open.i try many times but I couldn't.i lost my $50.its scame.so I suggest you to never invest in such mining sites.

[Yuhee]

I invest $50 in the auroramine before somedays.and it gives me interest for some days but after some days when I tried to signin my account;the site couldn't respond properly.and on the next day the site couldn't open.i try many times but I couldn't.i lost my $50.its scame.so I suggest you to never invest in such mining sites.

So much for the biggest whatever mining services huh. Well i am not surprised if they shut down. But with no responses from any of the team means they really took money that was invested in them because i don't think they are just having maintenance. They even gave free GHZ so that users could mean, that is really to entice users to buy upgrade for the mining.

[pramila28]

I just registered here and I didn't invest in site, just watching, in one week site ends..

I didn't loose any money...

many such sites are fake.. lets be very alert 

[cryptoman8888]

i was hoping to withdraw free $3 btc.. lol its going.. they also had bitcoin doubler.. damn

[Sev18]

Some of my friends invested.. Was that a scam?

[razzbee]

check the domain whois
it seems the owner is from china

well its sad people fall for these sites..

[hynext]

I got sign up, check their site and check their cloud mining. I running their cloud mining a weeks a go but did not invest. To those who invest your money is gone. Sorry, Better luck next time!

[Za1n]

Piece of advice buddy, there's no such thing as cloud based mining. The only legit mining site so far is Genesis Mining which provide details and actual screenshot of their mining farm and its actual location.

There are actually a few legit cloud mining companies.

Genesis Mining
Bitcoin.com
Hashnest

The only way to make money on these contracts is by the coin price rising so there is an opportunity to make a profit but the margins are very slim.

Your last sentence is the only one that I agree with as I do not consider any cloud mining operation as legit. While they may not have blatantly closed down and ran off with everyone's money like Auroramine did, they are a far cry from a good investment.

For one, they got lucky that the coin prices have risen as much as they have in the past year, thus making it appear they are profitable. I suspect in many of those cases if people who would have instead invested that same amount directly into a coin would have came out much further ahead.

Another is that almost all of them have some clause in the cloud mining contract that states the moment a coins profits drop below production (mining) costs, they have the right to terminate the contract and consider it as having been fulfilled. This means that if the coins profits had went the other way instead, you would be at a net loss. Again the general increase of the market in the past year helped avoid this, but if you look back to the 2014 and 2015 years many people bought cloud mining contracts and never even ROI'd on their investment.

A lot of sins (crimes) can be effectively hidden from sight during an uptrend in the market, as the profits are not coming so much the cloud mining as they are from the general appreciation of the market. I expect the same is true for many exchanges and other investments such as ICOs. I believe if Bitcoin and Alts were to experience a violent and sustained downtrend, on the order of a 70-80% correction lasting a year plus similar to the 2014-2015 years, many of these fraudulent practices would be exposed for what they truly are. Think Mt Gox times 100 as such an event could very well spell the end of Crypocurrecnies as we know it.

[3ooCox]

I just invested 500k satoshi today, after 2 hours it's offline!!! nothing to say

same here i invested 0.35BTC yesterday and i saw this morning the website was offline so mad right now
and the same thing happened with stromhash.com
if you willing to invest money into this kind of websites please DON'T INVEST.

lost 50$ ( SCAM!!!

I invest $50 in the auroramine before somedays.and it gives me interest for some days but after some days when I tried to signin my account;the site couldn't respond properly.and on the next day the site couldn't open.i try many times but I couldn't.i lost my $50.its scame.so I suggest you to never invest in such mining sites.

Some of my friends invested.. Was that a scam?

I'm certain those might not be the most naive decisions you've all made. You'll make this world less corrupted if you send BTC to my wallet 1HJQJ2vpzWX5B5KJSRyLXfLkyRttod4EwZ instead.
Also, be aware of startminer.

For those who still don't understand - Do NOT invest.
For those who don't want to understand - well, nobody can help you.

[Cereberus]

First this belong to Service Discussion sector of the forum. Second, do people never learn ? Hashprofit, Hashocean were big scams and were much better disguised than Auroramine was. I guess people have to learn the hard way in order to stop making the same error again.

As Albert Einstein said:

"Insanity, doing the same thing over and over again and expecting different results"

A reminder for all of us, to not invest a single penny and not a single second of our precious time in these kind of known scams.

[jeswin]

It is really really difficult to filter such scam.

[3ooCox]

On the contrary, it's quite obvious :
1. Subscribe for free and start with a basic mining plan (Get BTC without investment)
2. High % return, even in a day (some scammers offer 800% in a very short time)
3. Refer members, more referrals you have, higher bonuses you get. (ponzi etc.)
4. Pay an amount (eg 0.01 BTC) to receive payments faster
OR sometimes you don't receive your withdrawal amount, so you open a ticket and their support demands you to make a first deposit to get your BTC.
...
5. Site is down, you loose.

Oh and since we"re there, bitconnect is a textbook ponzi http://ceesty.com/wwxGrN , even if it's listed on coinmarketcap

[esramarka]

only one day it worked for me than closed. I suppose it is because of my unluckiness. 

it was a real scam!

[CryptoWatcher420]

Don't expect that they will be online again, they ran and will never comeback. Your coins and funds there are completely lost.
So if I were you forget those money of yours, if there someone whos to blame then its you. Cloud minings are fake and made to scam people.

I wouldn't say outright scams, but at the very least pyramid schemes. I've seen a lot of people that swear by genesis mining, only to find out that they live out of the referral bonuses. Maybe it's not that bad if you consider the fact that there's a pretty high chance that your investment is returned due to the potentially exponential growth bitcoin will benefit from, but then again, why wouldn't you just buy bitcoin? I think for a lot of people it's about getting into something new and exciting and being...unable to just sit back and wait.

a pyramid scheme is a scam dude lol and genesis isn't quite the same, they actually do have physical hardware you can rent but its not profitable because of how much they charge for it

[btcjocan]

For those of you heard about auroramine.com, you probably heard about their cloud mining service that gives you profit when investing on their service. Just found out that the website is offline right now. Anyone experience the same as mine?

Yes, I experienced the same as yours. I was able to access it for only three days and the next day that I want to open it, it is not available already. There are so many information I have read on the internet that the auroramine.com has already shut down that's the reason why we cannot access it anymore. I thought I could earn from it but I was wrong because by the time that I almost got the minimum withdrawal amount, they just shutdown.