btcminingnetwork.com Review Is BTC Mining Network Scam or Legit

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btcminingnetwork.com Review: Is BTC Mining Network Scam or Legit?

BTCMining Network Review: Scam or legit? btcminingnetwork.com claims it could make you high profits from your investment in cloud mining. How true is this? Is Btc Mining Network Paying? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Btc Mining Network Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

btcminingnetwork.com is not a legit investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Btcminingnetwork Reviews

10 • Average

Write a review

Write a review

Reviews 10

I think the are definitely a scam I…

I think the are definitely a scam I just lost $2400:

the same thing happened to me, after I was introduced to btcminingnetwork via Facebook by Vincent Perkins, and I see he is here denying what other people are saying about his company.

I invested, initially $350, and after the end of mining period my profits was $5380, and when I wanted to withdraw they told me I need to 20% upfront which in total was $1080 in order to withdraw without any problem. I complained that they were supposed to tell me that in advanced before I could invest.
we reached an agreement that i do not have the money but if I could pay 10% and pay the remaining after and when I receive the money, They agreed, but just when I pay the 10%, they told me that my withdraw could not be complete because I did not pay the full 20% commission, unless I pay the remaining 10%.
I was so desalinated because they broke the agreement and trust,
again after I paid the remaining 10%, I was told that they could not transfer my profit to my bitcoin address unless I sent them my banking details. after I sent my banking details the send me a supposed to be proof of funds transferred, but I need to $1600 for final activation of funds and some tax documentations.
can you imagine the disappointment again.
Vincent Perkins said he could add for a $600, and I only need to pay $1000 and I can get the profit immediately.
but when I again paid the $1000 i was expecting for the funds to be trans fared
they sent me an email, with attachment, where my documents for final activation are, but the funny things this this attachment have a password protected and I need again to pay $700 in order to get the password.
at this point I decided am not going to loose any more money, in total I already lost over $2400.
they do not respond to my emails anymore when I ask them to refund my deposts.
Vincent Perkins, who gave his number here does also not responds to my whats-app messages anymore. I have asked both the admin via email and Vincent, who is the account manager to solve this amicably, since I can not loose money which I do not have already, but they are ignoring.
if they are not scammers, they must proof it and release all my profits or refund my all my initial deposits back..
______________________________________________

I KNEW THEY WILL DENIE BECAUSE THEY ARE NOT HONEST COMPANY.

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HOW CAN YOU SAY AM NOT A VERIFIED ACCOUNT MEMBER? DID YOU ASK FOR MY DETAILS TO MAKE AN HONEST VERIFICATION?

WHY DONT YOU ASK VINCENT IF HE DOES NOT IGNORE MY WHATS-APP AND YOUR YOUR EMAIL ADDRESS OF admin also ignores my emails;
PLEASE GO VERIFY NOW.

I got my funds back. stay away

After depositing $22k my account manager told me I needed to pay again $1500 for final documentation and activation’s of my withdraw.I have been communicating with the supposed account manager who is Vincent Perkins on whatsapp and with Admin. Since they refused to give me my money a colleague referred me to Eric who made sure my funds was processed.

This is a total scam

This is a total scam. Be aware of anything that this company says is a lie and they will say and do anything to get your money except give you your profits. I invested 2k and everything was looking good until they said I need to upgrade my wallet to collect. $3500 would upgrade it and I can withdraw the 36K i supposedly made. With hesitation I paid the fee and still to this day nothing. I cannot withdraw any funds still and now they want an upgrade fee of 10500 to update the hashrate. Total bull again. DO NOT INVEST WITH THESE SCAMMERS. Total waste of money.

I invested some money on Bitcoin with Mr Gray Neo ,now I’m earning everyday with the company all thanks to him.

Yes This robot is legit and 100% payout Guaranteed

Yes This robot is legit and I have used Bitcoin Profit many times to make a profit large enough that you can’t expect.

Very secure

Very secure. I got a new payment today, and when I referred someone, I got a bonus. Btcminingnetwork works flawlessly every time and is very fast when it’s time to cash out. They just updated things and it’s even better.

I thought it was as scam at first

I thought it was as scam at first, until I cashed out twice. 100% legit.

They are the best ��

Been working using this platform for…

Been working using this platform for years and it has been great all through. Thank you btcminingnetwork. I’m forever grateful.

BitClub Network Review – Legit Mining or SCAM?

The BitClub Network (bitclub.network / bitclubnetwork.com / bitclubpool.com) is a mining pool service which allows people to invest into Bitcoin and altcoins mining by renting mining power from a physical operation allegedly located in Iceland and running off 100% renewable, green energy. There are several problems with BitClub though. First of all, it belongs to a crypto industry category which is frankly very disreputable. The vast majority of services offering similar “opportunities” to investors turn out to be Ponzi schemes and end up kicking the bucket, taking the monies of their investors with them.

On top of that, the BitClub network’s promises are just way to good to be true. A few red flags are indeed raised in regards to this operation, even at first glance. If it is the scam we believe it is though, it has to be granted that it is a professionally set up one indeed. It has quite a few aggressive pushers on various forums (like bitcointalk, where proper wars of words have been fought over the legitimacy of the service). These promoters are much better prepared than most of their ilk, and they are quite skilled at addressing the concerns of those who know what Bitcoin is and how it works, but are less versed in the ways of mining service-based Ponzi-schemes. Fortunately, the same forums host quite a few people knowledgeable enough in this regard too, some of whom did indeed take the time to dig deep and come up with what can indeed be accepted as proper proof to the fraud claims they have made.

Actually proving that BitClub is a Ponzi setup is nearly impossible in technical terms, as it would involve proving that it has no revenue-generating mechanism. While definitive proof in this regard cannot be produced, there are indeed several signs (like the steadfast refusal of delivering a public mining address) that seem to point in this direction.

At a truly close look, such red flags begin to pile up though. Let us start with the claims: the BitClub network claims to control some 1% of the total Bitcoin mining power (or at least, that used to be the case at one point. Nowadays they say they mostly mine altcoins and use them to buy bitcoins). They promise a 1000% increase in the value of their memberships within 6 months and they are promising networked Bitcoin ATMs and debit cards.

All that is fine and dandy, if a bit too good to be true for our taste. Problems begin popping up left and right soon though. There’s the membership fee, the 1,000-day ROI, the “referral based pay plan” – which is indeed an element found at the core of every Ponzi scheme ever invented – and the presence of ClubCoin, the crypto coin which experts see as a way out for the perpetrators, once the scheme inevitably expires. This is what they might use to “pay out” their investors.

The website itself used to be (and still is) riddled with scammy elements. Their testimonials section is quite cringe-worthy in fact. For Amy Albescu, from Romania, they used a picture lifted off a jericko.net profile. The picture has been removed now. There’s an empty spot left, probably for whatever picture they will find next for this “person.” Mike Jones’ picture is a stolen and faked one as well, and for a while there, they even had the picture of a convicted Indian rapist up – which they have also removed some time ago.

Who is Behind BitClub Network?

We were not surprised that no contact information, such as an address and a telephone number, can be found on the BitClub Network website. According to whois.com, the domain bitclub.network was registered in December 2020 by BitClub Network from 13 Banul Andronache St Sector 1, Bucharest, Romania 011663. Their telephone number is +40.212319481 and email [email protected]

Support is said to be available 24/7 via email ([email protected]) and live chat in English or Chinese.

Popularity

The BitClub Network service apparently is not available in the United States, including the minor outlying islands, Guam, Puerto Rico and American Samoa.

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Recover Money from Scams

At the time of posting this review, bitclub.network had a global Alexa rank of 110,967. BitClubPool.com’s was 183,142. But their most popular domain seems to be bitclubnetwork.com with an amazing rank of 10,556, a score which indicates this is a highly popular website. Most of the visitors to these sites are from Japan, Germany, US and South Africa. Almost 40% of this site’s traffic arrives via a referral from bitclub.network mostly.

Bitclub.network is most visited by people from the United States, Russia, South Africa, Turkey and Spain. Almost 25% of the traffic here comes from referrals, apparently at least some of these come from porn sites.

Bitclubpool.com gets most of its traffic from Germany, South Africa and the US. Almost 70% of the visits are referrals made mostly by BitClubNetwork.com.

BitClub Network Review Conclusion

While it does seem to be backed up by blockchain records, the BitClub Network is little more than a classic MLM scam. As long as the new money keeps flowing through the pyramid, they will probably be around. Expect them to fold like a lawn chair though, as soon as enough people learn about their crooked ways.

Review Verdict: BitClub Network is a SCAM!

Blacklisted Sites: bitclubnetwork.com, bitclub.network & bitclubpool.com

For legitimate alternatives, feel free to visit our Cryptocurrencies Day Trading Center.

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