Virtual Miner: Another scam offer from Yobit.

[coupable]

Investbox, Cryptotalk, Yo-token, Now Virtual-Mining.

Yesterday i received this email from Yobit newsletter:

New: YoBit Virtual Mining!

Dear YoBit Users!

Buy Virtual Miner and get income in tokens every day!

When buying a miner, 90% of btc funds goes to buy support for the Minex (Virtual Mining Token) in Minex/BTC trade pair

With every purchase of a miner, the Minex/BTC support price increases by 0.1%

10% of the cost of the miner goes to the buyback of the Yo token (in the Yo/BTC pair)

Try it now: https://yobit.net/en/mining/


Sincerely yours,
Team of Yobit.Net

Honestly, i can't understand well how this may work as a mining opportunity. What to mine and for what purpose?
According to yobit.net/en/mining , Virtual miners costs between 0.1 btc and 5 btc !! I am really curious to know if there are people who believe in this shady offer and buy it for real.



For everybody reading this, Stay Away from this platform and never believe anything coming from Yoshit.

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[examplens]

Honestly, i can't understand well how this may work as a mining opportunity. What to mine and for what purpose?
According to yobit.net/en/mining , Virtual miners costs between 0.1 btc and 5 btc !! I am really curious to know if there are people who believe in this shady offer and buy it for real.

I got this offer on email also. it is obvious that their method succeeds because they have been doing business in this manner for a long time. Unfortunately, there are always gullible and greedy.
they raised cloud mining to the next level.
this is also interesting to me: "10% of the cost of the miner goes to the buyback of the Yo token (in the Yo/BTC pair)". They use every opportunity to cram users with his trash tokens.

[harizen]

Also received the same email too and as my usual approach to some Yobit's email, I just give it a good read then ignored it.

But checking messages at the trollbox, looks like some already invested in the scheme.

I hope these people will have a good run.

[coupable]

this is also interesting to me: "10% of the cost of the miner goes to the buyback of the Yo token (in the Yo/BTC pair)". They use every opportunity to cram users with his trash tokens.

This Yo token seems to be the most attractive shitcoin in the history. Can you believe that one Yo token costs about 0.06750000 btc according to https://yobit.net/en/trade/YO/BTC But if you look deeper in its trade history, it's clear how bots create fake trades.

Also received the same email too and as my usual approach to some Yobit's email, I just give it a good read then ignored it.

I ignored it too, but i think it's good to post a warning if someone will think to search before to invest in such a shady opportunity. And this is why i didn't suspend my account in Yobit even i don't use it since a long time ago.

[examplens]

But checking messages at the trollbox, looks like some already invested in the scheme.

Yeah, several trolls also live there. Users like placebo, easteregg and etc... they are there just to shill for Yobit and his shit tokens.

This Yo token seems to be the most attractive shitcoin in the history. Can you believe that one Yo token costs about 0.06750000 btc according to https://yobit.net/en/trade/YO/BTC But if you look deeper in its trade history, it's clear how bots create fake trades.

I don't follow it at all, but it is very possible that users are conditioned to hold YO, to get some profit from Investbox or something. nor would I be surprised if they deliberately provoked the pump, only to lead people to invest there.

Scammers, always stay scammers!

[The Sceptical Chymist]

This Yo token seems to be the most attractive shitcoin in the history. Can you believe that one Yo token costs about 0.06750000 btc according to https://yobit.net/en/trade/YO/BTC But if you look deeper in its trade history, it's clear how bots create fake trades.

Yep, and you know they're doing that for their own benefit, because they use (or have used) YO for some of their schemes, like the investbox function.

All of this shit basically comes down to Yobit wanting you to put your money into a black box and wait for a profit to come out the other end.  If anyone can explain how this virtual miner can legitimately make any investor money, I'd love to hear an explanation, because what I just read in the OP sounded like some magical voodoo witchcraft moneymaking process that was dreamed up by minds that would put Enron's executives to shame.

By the way, I asked this in another thread and I'm not sure if there was a reply.  Is Yobit still paying cryptotalk members to post?

[suchmoon]

On behalf of Yobit I'd like to thank you all for promoting their investments scams. This is probably working out better for them than the signature campaign. Well, at least it's free.

[pooya87]

This Yo token seems to be the most attractive shitcoin in the history. Can you believe that one Yo token costs about 0.06750000 btc according to https://yobit.net/en/trade/YO/BTC But if you look deeper in its trade history, it's clear how bots create fake trades.

that's why they keep gathering bitcoin (by these different so called "investment" schemes). they use those funds to pump and dump different shitcoins, not jut their own token, and make money doing so. there are coins there without any volume that suddenly jump up with clearly fake orders placed clearly by the exchange itself since nobody else can do it that way through their API.

[examplens]

By the way, I asked this in another thread and I'm not sure if there was a reply.  Is Yobit still paying cryptotalk members to post?

one can say that they still paying writers on Cryptotalk, but on Yobit way 
Of course, they made a special token just for forum posters, named TALK.

the initial announcement says (source Twitter):

We pay 10 Talk Tokens for each post (max limit: 20 / day) and 1 Talk Token for each rate (max limit: 50 / day).
Trade for Talk Token will be open on 1 September.

But something wrong is there. "Trade for Talk token is delayed until 15 October."

[o_e_l_e_o]

If anyone can explain how this virtual miner can legitimately make any investor money, I'd love to hear an explanation

It can't. It's a scam. Have a read of my post here: https://bitcointalk.org/index.php?topic=5217581.msg53650350#msg53650350. This is essentially exactly the same but instead of being shilled through the "InvestBox" it is being shilled through these "Virtual Miners".

This "token" sprang in to existence out of nothing 3 days ago. If you try to deposit or withdraw it, you are told the wallet is in "maintenance", which is the same error message you get on all these scam tokens. The X10 token from my post above has been in "maintenance" since January. These tokens do not exist. You cannot deposit or withdraw them. There is no blockchain or smart contract. They are a creation of Yobit and only exist on Yobit. They are not cryptocurrencies in any way.

You spend bitcoin, you earn a fake token, either from InvestBox or Virtual Miners - it doesn't matter. You can maybe dump some of your fake token on later suckers to get back a fraction of your BTC if you are lucky. More likely, you lose all your BTC and are left holding millions of a fake token that nobody will buy.

The X10 token from above currently has a 126 billion of these tokens stacked up for sale at 1 satoshi, with zero volume and zero buyers. MINEX will look exactly the same in a few months, but not before Yobit have managed to scam plenty more bitcoin out of idiots buying these non-existent "virtual miners".

[suchmoon]

Can we please stop promoting all that Yobit shit here. I mean this thread is not even in Scam Accusations where it most definitely belongs, and creating a new one every time Yobit sends out their scam e-mails sounds a bit counterproductive to me. Instead let's bump one of the existing threads maybe once in a while and make sure not to link to any of their scam tokens or their website at all.

[smyslov]

I also received one but just deleted the email this virtual miner is in fact an HYIP I never believe in any products or giveaways coming from Yobit since they fool thousands of their users from their millions of Dice giveaways, and this they called virtual miner is another stuff to fool their investors, believe me they will keep coming up with programs like this, scammers are good in hatching new plan to scam.

[notblox1]

Virtual miner 
Yobit scamarketing never sleeps.
Let me make one prediction what is next on Yobit menu, and that is anything with word defi.

[sujonali1819]

ha, ha. I also noticed it recently in my email box. wanted to post it here but lately decided to ignore it. It's another way of scamming like a cloud minings. But they named this as Virtual Miner. How intelligent they are!  I guess their head is full of scamming way plans and they are launching it one by one. Maybe we will see another new way in the near future. Just don't get into this trap guys.

[coupable]

What shocked me the most is when i came accross a discussion in a local facebook group about the profit that would anyone get from buying this virtual bullshit. Someone was trying to convince others to try it by total ignorance. All what i could do is to report the discussion to the group mods.

Hhhhh .. Yesterday, i received another Yobit email describing the daily/monthly profit for each mining level, without describing anything about the mining process itself.

YoBit Virtual Mining!

Dear YoBit Users!

Buy Virtual Miner and get income in tokens every day!


- Micro Miner:
Est Daily Btc: 0.00012330 , USD: $1.43, Monthly Btc: 0.00382230, USD: $44.33

- Light Miner:
Est Daily Btc: 0.00137000 , USD: $15.95, Monthly Btc: 0.0424700, USD: $494.45

- Standart Miner:
Est Daily Btc: 0.00753500 , USD: $87.74, Monthly Btc: 0.233585, USD: $2719.94

- Pro Miner:
Est Daily Btc: 0.01644000 , USD: $191.45, Monthly Btc: 0.50964, USD: $5934.95

- Vip Miner:
Est Daily Btc: 0.10275000 , USD: $1196.57, Monthly Btc: 3.1852, USD: $37093.67


When buying a miner, 90% of btc funds goes to buy support for the Minex (Virtual Mining Token) in Minex/BTC trade pair

With every purchase of a miner, the Minex/BTC support price increases by 0.1%

10% of the cost of the miner goes to the buyback of the Yo token (in the Yo/BTC pair)

Try it now: https://**************


Sincerely yours,
Team of Yobit.Net

So if you purchase the VIP-miner which costs 5 btc, you will get 3.1 btc per month.  
That's terribly insane !

[aioc]

So if you purchase the VIP-miner which costs 5 btc, you will get 3.1 btc per month.  
That's terribly insane !

They are doing massive marketing now, I just saw their banners rotating on top market aggregators and it's a big buzz also on their forum, Yobit projects offers some of the most insane profit in the industry they easily make their HYIP looks good but if you don't know their tricks you are going to lose a lot here, there's really mining process here it is plain and simple Ponzi Scheme.

[o_e_l_e_o]

Someone was trying to convince others to try it by total ignorance.

Someone was trying to convince others to buy it so they could dump their worthless bags of a fake token. FTFY.

The value of MINEX is dropping fast. When I first looked a few days ago, the "Micro miner" said 18k sats a day. On that email it's down to 12k. Looking right now, it's at 11k. Obviously that won't happen since there won't be enough idiots to buys your useless token, but I assume they'll bump up the number of fake tokens you get with each package to compensate for the falling value, so they can continue to advertise their fake returns.

[The Cryptovator]

Can we please stop promoting all that Yobit shit here. I mean this thread is not even in Scam Accusations where it most definitely belongs, and creating a new one every time Yobit sends out their scam e-mails sounds a bit counterproductive to me. Instead let's bump one of the existing threads maybe once in a while and make sure not to link to any of their scam tokens or their website at all.

Second that, creating new threads means drawing attention from Ponzi lovers. I am pretty sure still some users are investing in Ponzi schemes. I have been receiving mail from them as well regarding their scam tokens. I am assuming they just create a token by themselves and making us fool. So Even I am not bothering to click on their links.

[Salmen]

Although Yobit strongly promotes Virtual Mining by making videos, contest etc..., this is simply doomed to fail in a couple of months.

This will happen later:



If you want to get to know more, just read the full post: https://coinpensation.com/this-is-why-you-shouldnt-use-yobit-virtual-mining/

[johnshearing]

LOL.

You can now use Minex to buy a Virtual Miner.  Use a worthless token to buy a worthless product and receive more of the worthless token.

What can possilby go wrong! 

[The Sceptical Chymist]

We pay 10 Talk Tokens for each post (max limit: 20 / day) and 1 Talk Token for each rate (max limit: 50 / day).
Trade for Talk Token will be open on 1 September.

But something wrong is there. "Trade for Talk token is delayed until 15 October."

LOL.  I hadn't visited this thread since I last posted, so I missed this response.  So the Talk token should be able to be traded by now, correct?  I'll have to check out what it's going for.  I can't imagine anybody actually wanting to buy it, so I'm guessing those cryptotalk participants are getting screwed pretty hard.

This "token" sprang in to existence out of nothing 3 days ago. If you try to deposit or withdraw it, you are told the wallet is in "maintenance", which is the same error message you get on all these scam tokens. The X10 token from my post above has been in "maintenance" since January. These tokens do not exist. You cannot deposit or withdraw them. There is no blockchain or smart contract. They are a creation of Yobit and only exist on Yobit. They are not cryptocurrencies in any way.

Yes, I've been following Yobit for at least 5 years now, so I'm familiar with their coins/tokens constantly being in maintenance mode, whether they're scam ones or not.  They list RDD and (I think) PIVX, but even though you can trade them, you can't withdraw them.  That's just bogus shit IMO.

Has anybody here done an actual "experiment" and tried this virtual miner?  I know some members tried the Investbox thing when it was being hyped.

[pilosopotasyo]

it's one scam over another the only project that they did not scam is when they launch a signature campaign here where all bounty hunters got paid but unfortunately those members of their forums and those airdrops participants are not lucky, I wonder what keep them alive they've launched so many scam coins and program and this is one of them.

[examplens]

We pay 10 Talk Tokens for each post (max limit: 20 / day) and 1 Talk Token for each rate (max limit: 50 / day).
Trade for Talk Token will be open on 1 September.

But something wrong is there. "Trade for Talk token is delayed until 15 October."

LOL.  I hadn't visited this thread since I last posted, so I missed this response.  So the Talk token should be able to be traded by now, correct?  I'll have to check out what it's going for.  I can't imagine anybody actually wanting to buy it, so I'm guessing those cryptotalk participants are getting screwed pretty hard.

Hah, do you remember his signature campaign, after a lot of pressure here, they had to change the text in the signature where promote InvestBox? then they made new signature where promote huge airdrop 700 $Yodollars or something like that. His new currency #YODA. Of course, Yoda started with 300 satoshi's price (now is 2).
the name itself made are misleading that they will pay giveaway $700 to each participant. Yes, they distributed 700 Yoda to all accounts but locked in Investbox. If you want to get some staking from this parking, you need to play dice (in BTC) xx times per day. Risk 20x more money to take daily 7 Yoda profit. 

[o_e_l_e_o]

So the Talk token should be able to be traded by now, correct?  I'll have to check out what it's going for.  I can't imagine anybody actually wanting to buy it, so I'm guesing those cryptotalk participants are getting screwed pretty hard.

Hahaha, nope. Yet another delay for no good reason whatsoever. Who would have guessed it! It's almost like this is a scam!

Good evening! unfortunately, trading on the TALK token will be postponed to November 2. this is due to the airdrop(dlrs) hype, so as not to mix several events at once.

Has anybody here done an actual "experiment" and tried this virtual miner?

We shouldn't encourage them. No one feels compelled to try out every cloud miner promising 1 BTC per week, or every investment site promising risk free 5% daily ROI, or every bitcoin doubler which pops up. It doesn't need a senior or trusted user here to experiment on them to say that they are categorically and definitively scams.

The same is true for YoBit. They are scammers, their InvestBox is a scam, their Virtual Miners are a scam, all their tokens are scams. We should not lend them any credibility by "testing" their obvious scams.

[johnshearing]

There are some videos on YouTube showing the VirtualMiner and all put a positive spin on it.  

Yes you will of course receive your Minex tokens.  Good luck with selling them though.  If you can't sell them you can use them to buy another Virtual Miner!

[coupable]

There are some videos on YouTube showing the VirtualMiner and all put a positive spin on it.  

Yes you will of course receive your Minex tokens.  Good luck with selling them though.  If you can't sell them you can use them to buy another Virtual Miner!

So it's an endless circle of shit token as a reward and virtaul miner as the only available shop for that token to receive more of the same shitcoin. Honestly, yobit ammazes me with its genuis methods and how people fall into them, they even create videos to promote it !
I noticed some of those videos too. I doubt that Yobit hire youtubers to promote the scam as seems to be that all of those videos have been created by newbies who didn't even get profit from what called #yobit-miner .

[Salmen]

They have doubled their mining payouts in MINEX. Through this promotion, the price may go up slightly at first. But in the longterm, this enhances the mining payouts by adding much more tokens to the circulating supply amongst users, putting heavy pressure on the MINEX price as a consequence.



And, soon, it's vanished  

[johnshearing]

I see Yobit have changed the terms for the Virtual Miner yet again.

From the website:

- YoPower: you need to buy power for miners (YO) for every miner, cost: 10% from current miner cost in Yo Tokens

This applies retrospectively to existing users.

What will they come up with next to keep the Ponzi scheme going? 

It's entertaining to watch just as long as you don't participate.

[notblox1]

I didn't want to create a new topic about this, but I had to say that new scam is coming from Yobit factory, and after fake mining they now created fake defi. 

[Salmen]

I didn't want to create a new topic about this, but I had to say that new scam is coming from Yobit factory, and after fake mining they now created fake defi. 

After they realized Virtual Miners was a big fail. They decided to look for another scheme to lure in users

Anyway, the MINEX price is heading to one satoshi very soon.
I also updated the post about the current situations of Minex and Virtual Mining here.

[stompix]

I didn't want to create a new topic about this, but I had to say that new scam is coming from Yobit factory, and after fake mining they now created fake defi. 

They create one of the other each month when the last is not profitable anymore as people are not throwing real money t stupid schemes they publish a new scheme.

The unfortunate part is these things which are clearly Ponzi schemes is that a group of people has understood that the first ones to get in are getting a bit of reward, just as a Ponzi scheme pays at first other way nobody would join it, so there are a few who will jump on the bandwagon at first, giving it (in the case of coins) a price bump, drawing in more people who think they are also early investors and they can profit and so on, the first will get a few $, the lat will lose almost everything and yobit will make some $ overall, risen a repeat, it has become more like a casino than an exchange.

I've been reading their TALK topics this morning and everyone is crying for the dump at the price, what do you people expect from "money" that is being printed out of thin air?

[Ammar123a]

Every thing coming foromyobit is scam my friends
Starting from liza to yoda
After this Dice
And then free dlrs
After that yochat
And talk token
And now defi
We must remember
((You cannot trust in 🇷🇺 any russian company))