Newbies promoting mining on the forum that is potentially scam.

[The Cryptovator]

I noticed a post in the Beginners & Help section; in the first post, he is inviting people to his Telegram channel, where he has been promoting mining that looks like a scam to me. His posts are in Arabic, so I will ask if you know Arabic; please let us know more details about this scam.

Bitcointalk post: https://archive.is/1obml
Scammer profile: https://bitcointalk.org/index.php?action=profile;u=3704267
Website: https://miningrace.com
Telegram channel: @CryptoGoldMinee

He just joined today to make his promo post on the forum. He chose the Beginners & Help section, likely to attract newbies. From Google Translation I realised you have to buy a subscription and invest to get a good return from their so-called mining. As previously seen, all of the online miners are just Ponzi schemes. I think this would scam well.

Just avoid contacting this user.

[Nwada001]

How they even come up with this mining stuff as a name is what I really don't understand, and those who believe you can just mine online by dashing scammers' money are just dreaming. This is just an entire scam scheme, which anyone who is vigilant enough should be able to get.

You are more experienced than me, but since this link is a flagged scam link, it could have been safer if you had just added it as code so that the link isn't easily clickable.

[BitMaxz]

It looks like I've seen his post 5 hours ago, which talks about investment and mining.
I checked his thread again. I never tried to access the Telegram group he provided because I know newbies like him who are trying to invite someone from this forum, I believe they wanted something that benefits them, plus they use Telegram to immediately run away once they get what they wanted.

I don't know if there are still many newbies here on the forum who will fall into this, but we already know the majority of cloud mining sites are scams.

Why not give him a neutral or negative trust to warn others?

[illanz]

omg really every forum i enter all is related scam, really whats going on here.

please stop using this forum for scam activity. this place is better than this.

[The Cryptovator]

Why not give him a neutral or negative trust to warn others?

Done, tagged from my end. Actually, I was waiting for someone from Arabia to reply here to understand more clearly. I have translated it on Google, and it seems they have a scheme like Ponzi. Since I always try to welcome newbies, I didn't tag him immediately, but it seems he isn't active yet after creating the thread. It does really indicate he just joined the forum to promote these scams. We should avoid hearing newbies and not be greedy anyway.

[CryptSafe]

Sometimes I wonder how newbies would just bump into the platform and start promoting scam mining sites here, what are they thinking We are here, so they would just register, and the first thing they would post is for us to send them pm via telegram for their scam stuff and they think we would be in the rush to contact them, do they think we are novice or what? Anyway, the scammer mining thread has already been nuked, with his account being tagged for anybody dealing with him to see and proceed with caution so they do not get scammed.

[Potato Chips]

omg really every forum i enter all is related scam, really whats going on here.

please stop using this forum for scam activity. this place is better than this.

Sadly, its the typical thing in online communities, and most especially with anything that has focus on money like crypto. Scammers are everywhere. If it's any consolation though, the situation is so much better here than in other crypto communities I've been like crypto twitter and some popular crypto subreddit. Here is much less annoying IMO.

Sometimes I wonder how newbies would just bump into the platform and start promoting scam mining sites here, what are they thinking We are here, so they would just register, and the first thing they would post is for us to send them pm via telegram for their scam stuff and they think we would be in the rush to contact them, do they think we are novice or what?

I'm not sure they're familiar with the forum dynamics. My guess is, they're probably taking as many opportunities as they can for the chance that someone gullible might be reading and take the bait. Like the botters who spams their scam in as many online communities as possible.

[BitMaxz]

Done, tagged from my end. Actually, I was waiting for someone from Arabia to reply here to understand more clearly. I have translated it on Google, and it seems they have a scheme like Ponzi. Since I always try to welcome newbies, I didn't tag him immediately, but it seems he isn't active yet after creating the thread. It does really indicate he just joined the forum to promote these scams. We should avoid hearing newbies and not be greedy anyway.

This isn't new, I see this kind of strategy every day on Telegram, here, and on other forums, that is how they increase visibility in a legit way without posting the scam site.
And I believe they are using the GSA tool, that usually used for SEO, to automate everything from account creation, and then post there is a 1-hour gap between account creation and his post. Which indicates that his account and post are made by a GSA tool or a bot. I believe he is going to use a paraphrase to post this automatically to other forums or blogs that accept comments and submissions.

That's why I always want to warn newbies here and there to avoid any investment or cloud mining sites. I mostly save people from Telegram to avoid these kinds of tactics.

[DYING_S0UL]

It looks like they have been in this market for 2 years now. I looked up their dns and it was indeed registered in 2023. They even have support for both Android and iOS. Lol, if mining were that easy and affortable then everyone would have done that. So basically you are investing 10700$ to get 30 cards which generates 12500$? Nope thats a big red flag. With that amount I could get my own cards own rig. Why would anyone waste their time and money on these so called cloud mininers?!

[CryptSafe]

Sometimes I wonder how newbies would just bump into the platform and start promoting scam mining sites here, what are they thinking We are here, so they would just register, and the first thing they would post is for us to send them pm via telegram for their scam stuff and they think we would be in the rush to contact them, do they think we are novice or what?

I'm not sure they're familiar with the forum dynamics. My guess is, they're probably taking as many opportunities as they can for the chance that someone gullible might be reading and take the bait. Like the botters who spams their scam in as many online communities as possible.

I believe they do because for them to have been able to know where to create such thread then they have idea how the forum works but are just bent on doing their dirty job so they could get at someone who could fall victim of their scam but unfortunately they got nuked for good and nobody here would fall such victim again as members are now wiser and smarter even the newbies these days too now ask question as it bothers the platform and activities so they do not make any mistakes.

[Zwei]

where he has been promoting mining that looks like a scam to me. His posts are in Arabic, so I will ask if you know Arabic; please let us know more details about this scam.

i checked the posts and it's the same marketing bullshit you would see in english with this type of MLM scams, and from the looks of it he is trying to promote his referral code.

So basically you are investing 10700$ to get 30 cards which generates 12500$? Nope thats a big red flag. With that amount I could get my own cards own rig. Why would anyone waste their time and money on these so called cloud mininers?!

you know what's a biger red flag? they are saying they can mine bitcoin using graphics cards.
anyone who know even a little bit about mining would lough at that.



and they offer mining cards with 100 TH/s, lol.
they would need a million GPU to hit that kind of hash rate. stupid scammers.

[albon]

Thank you for sharing this warning, well done, OP, keep it up, everyone appreciates your efforts.

I also checked their official Telegram channel posts, most of which are in Arabic, and it’s clearly a scam.

The rate was previously 30% ^[SOURCE], and now that they’ve reduced it to 18%, even these high returns over 90 days are unbelievable.

You can also check out this article that proves the scam: IconX Review: Mining Race Dubai crypto Ponzi.

I have reported his post and tagged his account.