Is multimining.website is a legit mining website? Are they paying?

[JJira]

I've been mining for free on multimining.website for a few days now. Have crossed their minimum withdrawal limit of 0.005 BTC. However they will pay out once i pay 0.001 BTC. I'm wondering if they are paying others after they have deposited the withdrawal fee 0.001 BTC. Thanks in advance!

[Slow death]

Registrar Data Make Private

Registrant Contact Information:

Name: WhoisGuard Protected
Organization: WhoisGuard, Inc.
Address: P.O. Box 0823-03411
City: Panama
State/Province: Panama
Postal Code
Country: PA


The site is a ponzi scheme, they are not cloud mining ... They are a HYIP site that cheat and steal bitcoin from people.

I'm wondering if they are paying others after they have deposited the withdrawal fee 0.001 BTC. Thanks in advance!

they will not pay you after you deposit 0.001BTC... Do not invest in the ponzi sites

[socks435]

Its a big scam look at this https://www.trustpilot.com/review/multimining.website
Don't include the fake comments with full rating..And i already heard this site in other forum they are lots of investors are scam by that site..
So beware if you love your money better to buy bitcoins while the price is cheap..

[ConfusedPenguin]

This youtube video says it all.

https://www.youtube.com/watch?v=ggtn46Dt84I

[LTU_btc]

It's obvious scam, like all others so called "bitcoin generators. If you will deposit money to this website, you will not get payout and you will just feed scammers. It's good that you asked for advice before investing - you will not loose money. Leave this site, forget about it and try to use something what is really legit.

[Lanatsa]

Register an account, make investment, earn 2%-3%-4% every day and wait for the price to skyrocket again - as you may have seen Bitcoin is capable of breaking $15000 per coin and considering its amount is limited the price will likely rise again in the near future.

This line itself would really tell that they are just an another ponzi cloud mining site. Too good to be true returns would really be always treated as scam so stay away with this.

[mk4]

The domain itself should be an obvious indicator of shady business. Also, mining plans with 30-50% affiliate bonuses? Almost automatically a ponzi. The main page of their website is a huge huge redflag itself.

Also.. "Multimining is a completely risk-free Bitcoin investment company, all thanks to our overall ideology and company concept" hahahaha fuck off.

Good choice of asking first before going in though. It's always better to ask first if you're unsure of some stuff. Well done. 👍

[rphk]

mutlimining site looks like ponzi and scam site, do not trust any cloud mining sites , some may be like hlsha flare ,genisis looks legit , but cloud mining will turn scam any time. so it is better not to invest on unknown sites, instead of that if you have enough money you can buy best  mining hardware and join mining pools. or best is to buy few amount of bit coin and hold it for longer ,once bitcoin price increases that time you can sell it .

[legendster]

I've been mining for free on multimining.website for a few days now. Have crossed their minimum withdrawal limit of 0.005 BTC. However they will pay out once i pay 0.001 BTC. I'm wondering if they are paying others after they have deposited the withdrawal fee 0.001 BTC. Thanks in advance!

I landed on their website in December through their facebook ad. To my surprise, they were already giving me "free btc". Any clound mining campaign that gives you free btc is bound to be scam, no matter what anyone says.

[BitHodler]

I landed on their website in December through their facebook ad. To my surprise, they were already giving me "free btc". Any clound mining campaign that gives you free btc is bound to be scam, no matter what anyone says.

Strictly speaking, every cloud mining service (even those who are deemed to be 'legit') is more or less a scam. In reality, the only thing they are doing is paying you your initial investment amount back slowly.

If you're lucky and there are enough people constantly investing in that service, which means that fresh money is coming in and that service exists longer, you might end up getting close to a full 'refund' of your initial amount.

In most cases however they'll come up with something to terminate your contract before breaking even, due to how "unprofitable" the contracts became. There are too many shills promoting these services on this forum.......

[nniecan001]

Looks like another victim of scam in this thread. Be careful in every propaganda specially in this time, too many good words to use before you fall to their trap. Best to observe more and get some info to the high ranked bitcoiner. Hoping that the author will learn, thanks for useful thread.

[ajqjjj]

Looks like another victim of scam in this thread. Be careful in every propaganda specially in this time, too many good words to use before you fall to their trap. Best to observe more and get some info to the high ranked bitcoiner. Hoping that the author will learn, thanks for useful thread.

I think they should asks about the site here in the forum, so he will get clear information with the reviews of the analyzer who is doing it. Many people investing on the mining site like cloud mining, we know this not cloud mining  but still it is ponzi scheme.
Which is not at all a profitable on for the investors.

If want to mine the bitcoin to altcoins. Hardware usage is the mainly focused option to make money other cloud platform and all will not work.

[buwaytress]

You've signed up at a ponzi/hyip site, so yes scam. The free BTC is typical to lure people to put more in.

Even if it were legitimate, I wouldn't call it an outright scam, since most seem to be profitable for themselves and for a lot of users but I would definitely call them borderline rip-offs. Almost every condition outlined on legitimate cloudmining websites is intended to misrepresent potential profits, and are at best vague. If any cloudmining service were at least open and honest, they would publish historical data and stats.

Luckily, we don't really need those. Simple Google searches and your own rough calculations will show that hundreds of users have lost money from cloudmining contracts. Even those who profit only do so after many, many months, and realise fiat profits simply because of Bitcoin's favourable price. I daresay all of them would have been better off buying Bitcoin and holding. Plus, as I understand, you get daily payments that essentially become dust inputs in your wallet. Think about the fees you pay just to consolidate them.

That said, there seem to be two cloudmining projects (they're not called that but they're basically managed mining projects) that seem a little more transparent and have numbers backing some of their claims. HydroMiner and Gigawatts. You can check them out.

[Hamphser]

I've been mining for free on multimining.website for a few days now. Have crossed their minimum withdrawal limit of 0.005 BTC. However they will pay out once i pay 0.001 BTC. I'm wondering if they are paying others after they have deposited the withdrawal fee 0.001 BTC. Thanks in advance!

I don't know if you did follow their instructions or not. If not then you are lucky and you should not do such thing because most hyip or cloud mining sites do offer free money at first buy they totally intent to make you deposit later on and having alibis that you should deposit for you to withdraw.It isn't obvious? This is not a new issue already which there are lots of similar sites in the past which do offer this kind of thing which most greedy newbies are common victim on this one.

[Shunyo]

This domain name takes you to quickmining.io now, can someone check if this is ok or not ? 

[leowonderful]

This domain name takes you to quickmining.io now, can someone check if this is ok or not ?  

If you'd read just two posts above yours you'd find that multimining is a Ponzi, and the new redirect is still a Ponzi. The page claims you can "mine" 0.00288BTC/day by investing 0.01BTC, which is absolutely ludicrous, and they even have ads on the bottom of their page. No legitimate mining site would have earnings that high nor ads on their site, so no, this isn't "ok" unless you're fine with losing your money.

[LewisSabol]

Yeah, It is a legit website. I used this website for 3 months and I got paid every time. I would like to do another investment in this site.

[leowonderful]

Don’t trust the post above mine. The account has six posts, it’s brand-new, and even if this user happened to get paid, that doesn’t mean you’ll also get paid considering there are just so many fishy things about this mining site that it can’t possibly be legit. There’s no way to guarantee a return on your investment, and if you want to invest in a safer option, Bitmain’s Hashnest is always there.

[LewisSabol]

The new version of Multimining is the best. I got paid from them the new version is secure and fast. Some people are advertising their site in this multimining topic so, please don`t advertise your site please only talk about Multimining.