[Scam] Coinshares cloud mining

[notblox1]

What Happened: Fake Cloud mining mining coinshares website telling people will earn up to 25% daily and forever!
Stay away from this scam and any other cloud mining

Code:

website: https://coinshares.io/
Archived: https://web.archive.org/save/https://coinshares.io/
Bitcointalk topic: not found

Domain Name: COINSHARES.IO
Registry Domain ID: D503300001185851510-LRMS
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: www.namecheap.com
Updated Date: 2020-08-28T20:37:23Z
Creation Date: 2020-06-28T21:51:12Z
Registry Expiry Date: 2021-06-28T21:51:12Z
Registrar Registration Expiration Date:
Registrar: NameCheap, Inc

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[aioc]

I noticed that so many scam programs like this are using name cheap domain registrar and web hosting to set up their program I think it's about time that Namecheap start restricting people from using their service to launch programs that are obviously meant to scam people, it's so easy to buy domain from Namecheap you can even buy a domain for $2 they also offer very cheap hosting, making them a perfect choice.

[notblox1]

It is funny they ask minimum of 3 bitcoins for fake 25% daily profit and all that is forever as they say...

[Jating]

I noticed that so many scam programs like this are using name cheap domain registrar and web hosting to set up their program I think it's about time that Namecheap start restricting people from using their service to launch programs that are obviously meant to scam people, it's so easy to buy domain from Namecheap you can even buy a domain for $2 they also offer very cheap hosting, making them a perfect choice.

It's business sad to say, that's why what we can do is to report this kind of websites to Google and to Namecheap themselves so that it will be taken down right away. But then again scammers will register a new domain name, so it's going to be cyclical and a long battle for us crypto enthusiast.

Good catch by the OP, and I do hope that noobs are not going to fall for it because that is a too good to be true offer, so it doesn't really looks logical.

[pilosopotasyo]

It is funny they ask minimum of 3 bitcoins for fake 25% daily profit and all that is forever as they say...

If people will only use common sense they will not get scam by this kind of Ponzi schemes, when there is still no internet it was very easy to catch people who runs a Ponzi scheme because you can see their face, who they are dealing with, it's very much different here on the internet, you are dealing with fake people, people you never met you just assume they are good people.

[stompix]

I noticed that so many scam programs like this are using name cheap domain registrar and web hosting to set up their program I think it's about time that Namecheap start restricting people from using their service to launch programs that are obviously meant to scam people, it's so easy to buy domain from Namecheap you can even buy a domain for $2 they also offer very cheap hosting, making them a perfect choice.

Do you know why people use namecheap?
Not because the prices are lower, it's not about 1$ or 2$ discount to other domain registrars, the main reason is that they accept bitcoin payments, you can order the domain and hosting without linking to any card or bank account.
You can't have privacy and not have people who would abuse it

It is funny they ask minimum of 3 bitcoins for fake 25% daily profit and all that is forever as they say...

There is something even funnier:
https://coinshares.io/?a=rules

Don't post bad vote on Public Forums and at Gold Rating Site without contacting the administrator of our program FIRST. Maybe there was a technical problem with your transaction, so please always CLEAR the thing with the administrator.

[MFahad]

It is funny they ask minimum of 3 bitcoins for fake 25% daily profit and all that is forever as they say...

If people will only use common sense they will not get scam by this kind of Ponzi schemes, when there is still no internet it was very easy to catch people who runs a Ponzi scheme because you can see their face, who they are dealing with, it's very much different here on the internet, you are dealing with fake people, people you never met you just assume they are good people.

If people had common sense, they would never got scammed. 99% of the cloud mining are scams and should be avoided. cloud mining sites just takes your money from your pocket, pay you for few months until they keep getting customers and finally scam everyone who invested.

[FIFA worldcup]

I noticed that so many scam programs like this are using name cheap domain registrar and web hosting to set up their program I think it's about time that Namecheap start restricting people from using their service to launch programs that are obviously meant to scam people, it's so easy to buy domain from Namecheap you can even buy a domain for $2 they also offer very cheap hosting, making them a perfect choice.

It's business sad to say, that's why what we can do is to report this kind of websites to Google and to Namecheap themselves so that it will be taken down right away. But then again scammers will register a new domain name, so it's going to be cyclical and a long battle for us crypto enthusiast.

Good catch by the OP, and I do hope that noobs are not going to fall for it because that is a too good to be true offer, so it doesn't really looks logical.

It won't help much as Namecheap only sell domain names and are not responsible for what is being hosted on the site. Google won't care too as we already know scam sites are shown even in google ads. Its only on us not to believe on sites which offer unrealistic offer. Also we need to control our greed for money.

[TalkStar]

Do you know why people use namecheap?
Not because the prices are lower, it's not about 1$ or 2$ discount to other domain registrars, the main reason is that they accept bitcoin payments, you can order the domain and hosting without linking to any card or bank account.
You can't have privacy and not have people who would abuse it

Yeah you are right. Due to bitcoin payment facility people love to purchase domain and hosting from namecheap. Even their support system is quite faster than other providers which can be another reason. Usually website owners wants faster solution from domain/hosting providers when they face any issue and from my personal experience i can say namecheap support system is enough responsive in this field.          

Scammers always wants to keep their real identity hidden and if i am not wrong then they can easily do this by purchasing domain through bitcoin from namecheap.       

[CucakRowo]

And the funny thing is when you check their payment proof page. They did update every time they make payment. But there's no TX id mentioned at there  what a joke.

https://coinshares.io/?a=paidout

[ScamViruS]

And the funny thing is when you check their payment proof page. They did update every time they make payment. But there's no TX id mentioned at there  what a joke.

https://coinshares.io/?a=paidout

Because they think everyone else is stupid except them. In order to scam, they constantly come up with one idea after another so that people believe them. And it's a system widely used by scammers to fool newbies. Everyone knows this way now so I think they will not be able to take much advantage with this fake payment proof. The market is going up now so now a lot of players will come to the market for the purpose of scam. So everyone has to be a little extra careful now.

[TalkStar]

And the funny thing is when you check their payment proof page. They did update every time they make payment. But there's no TX id mentioned at there   what a joke.

Its nothing new for this kinda projects where actually their real intention is to steal people's money by providing false information about team, partnership, transactions etc. I don’t think without some fools anyone gonna put their foot on this trap.

Just by showing transaction links on frontend they are trying to make us believe that people are crazy about their ponzi and investing blindly,,,huh. In some cases scammers make some transactions by their own and provide transaction links as payment proof but this guys are not that kinda intelligent.                    

Everyone knows this way now so I think they will not be able to take much advantage with this fake payment proof.

Its quite hard to give guarantee about new crypto user who don't know how to check transactions on blockchain.