TRX Mining [Scam]

[wtsimis]

One thing has been going on for some time now. Trx Mining site, offers interest over 6% per day for different periods. Such sites have been seen for a long time, but lately, it seems that their functionality is increasing. I have seen many videos or posts and even sponsored ads to invest in these scam sites. (A friend of mine even invested in a site like this suggested me to invest in such sites)
The functionality of these sites is that they will ask you to invest some amount, and they will pay 5/6/8/10% interest every day till the specified time. Many people invest because it seems like a lucrative offer, even if the mining sites pay out a lot, but at some point, the site is gone, or your account is blocked.
Let's think deeply,
Trx was never a mining coin. Tron blockchain runs on the POS (Proof of Stake) method, which means that mining TRX is never possible in this blockchain. Mining is only possible in the POW (Proof of Work) blockchain, i.e., in coins like Bitcoin or Ethereum, the rest of the altcoins are mostly POS. Now a website running on a whole lie, there is no guarantee of how many days it will pay you out.
To make it more clear, if someone stakes up on the Tron platform, he gets 7/8% per year; how can a site offer 7% per day.
It is often seen that such a site has been paying for a long time, which means that they are waiting for a significant investment; if a user makes a big investment, then you will see that the site has been scammed.
Many people think, hey, let's invest a little bit, and it'll bring some profits. But believe me, these sites are still scamming people even after 2022 for this kind of thinking and investment.
I want to give a beautiful example:
Many people may know MLM's business spark; the more you refer, the more profit you make, or if your referral makes another referral, you will get a bonus. Some of these schemes were well spread in our area, and I saw many people investing a good 20/30 thousand BDT; fortunately, after scamming the site or scheme, many of them somehow managed to withdraw investment money. But the thing to think about here is that one of my friends refers to 10/12 more people, and they all lose. My friend was happy because he didn't face the losses, but he never thought the company would disappear with so much money, with 10/12 people losing for him alone.
This is something to think about; I hope everyone understands. Our one suggestion about a scammy project would become a loss for others. If you search for Trx Mining on YouTube, you will understand how useless these videos are. Like me, these YouTubers should probably do a bit of distant maintenance because they are sharing an investment plan that has no future or no fundamental analysis. Maybe they will say in videos that these sites will scam at any time but think, why would you invest in these sites, why we should encourage these kinds of works?

The post translate form: https://bitcointalk.org/index.php?topic=631891.msg59508636#msg59508636

[1714868928]

1714868928

[Marvelman]

Mining is only possible in the POW (Proof of Work) blockchain, i.e., in coins like Bitcoin or Ethereum, the rest of the altcoins are mostly POS.
/snip/

The process of mining is essentially validating transactions and contributing to the blockchain. Depending on the coin, mining can be done with either Proof of Work (PoW) or Proof of Stake (PoS). While PoW mining may involve specialized hardware to mine, PoS mining uses the nodes in the network to contribute to mining for a given block. This process is also called "staking". The benefit of PoS is that it is far more efficient than PoW, resulting in less energy and computation required to participate in mining, but it has certain drawbacks as well.

OP, if this is related to a specific website, it is better to open the topic in the Scam Accusations board.

[pakhitheboss]

First of all what you wrote would be easy for the eyes if you use paragraphs in your post. Such way if writing is called the The great wall. There are certain things to know before you write a post here. If you are not aware of it then please read this post - https://bitcointalk.org/index.php?topic=4667594.0

[rat03gopoh]

A very long thread to read, but doesn't point to anywhere as a specific example of what a scam scheme refers to at least one scam site. The fact is that not all TRX staking pool services (or it can be called POS coin mining method) are scams, they actually pay.
Some youtube influencers deliberately use the word mining for some general knowledge reasons, especially beginners who are more familiar with the word.

[StormHawk]

Looks like cloud mining, the thing is almost all cloud mining are scams because they don't even have any mining equipments and mining farms to begin with, if you want to mine coins you need the right equipments like ASIC and GPUs, anything beside this is scam.

[wtsimis]

OP, if this is related to a specific website, it is better to open the topic in the Scam Accusations board.

I saw many websites
Trxtrx.vip
trx.style
tronmining.ac
All of these sites work like same.

First of all what you wrote would be easy for the eyes if you use paragraphs in your post. Such way if writing is called the The great wall. There are certain things to know before you write a post here. If you are not aware of it then please read this post - https://bitcointalk.org/index.php?topic=4667594.0

Thanks. Actually translating the article from another post, I forgot about the paragraph. I'll keep it in mind next time.

[Marvelman]

OP, if this is related to a specific website, it is better to open the topic in the Scam Accusations board.

I saw many websites
Trxtrx.vip
trx.style
tronmining.ac
All of these sites work like same.

I cannot access any of these sites because they require registration via a cell phone number, which I don't want to do. But if they really claim to be mining TRX then no doubt they are all scam, like mostly all other cloud "mining" platforms. The best thing to do is to avoid them and just forget about them altogether.

[Cookdata]

 know what? We contribute to these scams and prefer the quick way of making money without learning otherwise these scams I learned has existed for a long time, it has been built by many and has collapsed multiple times and it surprised me that people are still hanging up on these rubbish schemes
There's also this new thing I learned about why people participate in this, it's not that they don't know it's a scam, they're well aware of how the scheme will end, but they believe that by being early users, they'll have made some money before it crashes. You know, scammers are always two steps ahead of those who refuse to learn from their mistakes.

Please report any scams you come across outside Bitcointalk to the scam accusation board, this helps to maintain user's safety.

[libert19]

Each and every single cloud mining site is scam, regarding ads anyone can purchase the slots. Also, paragraphs would make post easier to read.

[worle1bm]

Each and every single cloud mining site is scam, regarding ads anyone can purchase the slots. Also, paragraphs would make post easier to read.

This is past example where people who have participated in these cloud mining schemes but later on turned out to be scam and you don't mine even a penny while they use your hardware and make you fool.The fourm members have always guided to stay away from them but still many who wants to earn in easy way became victims of such scams.But be wise and aware about them.

[TheNineClub]

If there is any indication of a scam, please report it in the Scams and Accusations thread of this forum as there is where everyone checks from time to time to see who else is on the list. There are a lot of scams going around and we all need to do everything we can to report this, and with that, we can elevate crypto to the next level. Scams are definitely something that needs to be addressed if we want to see a future for crypto. 

[stomachgrowls]

Each and every single cloud mining site is scam, regarding ads anyone can purchase the slots. Also, paragraphs would make post easier to read.

This is past example where people who have participated in these cloud mining schemes but later on turned out to be scam and you don't mine even a penny while they use your hardware and make you fool.The fourm members have always guided to stay away from them but still many who wants to earn in easy way became victims of such scams.But be wise and aware about them.

For those greedy people then they are easily get hooked on this one which is just really a rampant situation which they do believe that easy money exist without doing something that hard.

One of the reasons on why they do get easily fooled to believe that it is something sustainable and even thinking for themselves that they would become rich or sustain this matter.

We do have tons of mining scams online and its true that we do keep on warning out everyone but still there are people who do really believe on.

[Bitcoin_Arena]

I have a friend who almost feel for one of those TRX cloud mining scams. Luckily, about a month ago, he consulted me about the site (it was trx.ms) and I advised him to stay away, a couple of weeks later. The site went offline.

Looking at how many victims fell for this cheap scam. It makes me feel so irritated 

https://www.trustpilot.com/review/trx.ms

They are Scammer and scammed me more than 650 trx and they shut it down , however they asked for more money when they closed be ware of Cloud Minning

They take the war as an excuse to steal our investment and they think no one can blame them

It's scamed, I loss my many, why no one take action against him, catch those people who provide the sever for fake peoples

I only invested only 3 days ago get 1st payment after that app not working now asking 30percent again friends we all going to lost our money this is a scam

[ninis45]

TRX cloud mining scams have been published on several sites, it's just that the OP wrote so long just to tell about cloud mining or is it an accusation that is not equipped with one of the links that refers to an explanation what is real

[24Kt]

TRX cloud mining scams have been published on several sites, it's just that the OP wrote so long just to tell about cloud mining or is it an accusation that is not equipped with one of the links that refers to an explanation what is real

Even me, I encountered a TRX mining site via ads. But mostly, those newbies in crypto are being victimized by these sites because they thought they are earning passive income but they are not. We know that cloud mining sites fall into scam sites one way or another. Very few are now venturing this type of activity because a lot already done their share of losing from this type of investment.

Also, the OP needs to post the site link so we know what he's talking about. And be warned potential investors.

[ultrloa]

TRX cloud mining scams have been published on several sites, it's just that the OP wrote so long just to tell about cloud mining or is it an accusation that is not equipped with one of the links that refers to an explanation what is real

Even me, I encountered a TRX mining site via ads. But mostly, those newbies in crypto are being victimized by these sites because they thought they are earning passive income but they are not. We know that cloud mining sites fall into scam sites one way or another. Very few are now venturing this type of activity because a lot already done their share of losing from this type of investment.

Also, the OP needs to post the site link so we know what he's talking about. And be warned potential investors.

Mostly they target newbies and make them believe that there's something legit like this then they can earn with it passively, this is the same tactics made by old time scammers and people especially those new crypto users who want to try different type of investments here. Hopefully newbies should research first to know how bad the idea for thinking on investing at that type of schemes.

[Dervish doff]

Actually, there are many ways that we can do before falling into the embrace of a tempting mining investment, the main thing to do is communicate first, when will they (the TRX tron ​​mining site was launched, then check on the stat show, is it according to what they say,  mining is not clear, our money is gone with various conditions 1,2,3 and there are others, which are determined, they make one or two people successful, as the main route to get the next target, I'm not telling anyone else, I myself have experienced  experience mining platform scam, venice mining first, I ran out of money I bought GHS, in the end it was a scam, the site is no longer available, it's better to learn first for mining, if you need to make your own mining tool, you will become a smart person in the mining world, profit will be on your side.

[S3300]

This days I have been seeing TRX miner ads on Twitter and other platforms too I was like what the heck is going on? From isn't a proof of work coin why are these people releasing a Trx miner? It's definitely a scam but newbies that hate doing research will surely fall for it, the only thing that looks closer to been real is a Tron faucet and I doubt they still exists.