Fairymine.com Review Is Fairy Mine Cloud Mining Scam or Legit

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Fairymine.com Review: Is Fairy Mine Cloud Mining Scam or Legit?

FairyMine Review: Scam or legit mining platform? fairymine.com is offering enticing mining plans. How true is this? 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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FAIRYMINE SCAM REVIEW: DISTURBING THINGS FOUND

Most of this 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.

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..

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Eobot.com Review

General information about Eobot

Eobot has been providing the cloud services on the Internet for a very long time. Сryptocurrency mining for SHA256 and Scrypt algorithms that is running on the miner rigs of the Antminer S series is offered here. No need to worry about the electricity costs or the hardware cooling, if you are one of their 590 000 users. It is possible to enjoy all benefits of mining just like that.

Eobot was founded in Los Angeles, California in 2020. As those who own this cloud mining service don’t want to share any information about the company background, they keep their identity securely, and that is exactly why there is no “About us” section on the company website.

Unfortunately no information about the owners or founders is available online, although they have been providing their cloud mining services in the market for many years already. Its founders, owners and CEO also are not linked in their Linkedin profile.

One is able to find an address linked to Eobot in Walnut, California as their headquarters, but if you consult Google Maps, you will find out it is just a storage facility.

But what if they run those mining rigs in the warehose?

No one knows for sure, but this is just another factor the users should pay attention to.

Company info:

Address – Eobot Inc., 340 S. Lemon Ave #2282, Walnut, CA 91789

FinCEN
We are licensed with Financial Crimes Enforcement Network (FinCEN), an agency within the US Treasury Department (license number 31000082669749). You can search for Eobot Inc on the MSB Registrant Search Web Page here. Alternatively, you can download the PDF listing of our registration.

Company Information
Launched in April 2020, Eobot operates out of and is incorporated in Los Angeles, California. Corporation information can be found by searching for “Eobot Inc.” at the California Secretary of State Business Search.

AML/KYC
Eobot is fully committed to preventing fraud and adherence to all AML (anti-money laundering), KYC (know your customer), and MSB (money service business) regulations and requirements. We work hard to identify our customers. We reserve the right: To retain user identity information; To require users to scan and upload photo ID and other documents; To verify information via third party client APIs.

In addition, we will perform the following to prevent criminal activity with policies and procedures: the development of internal policies, procedures and controls; designation of a compliance officer; an ongoing employee training program; and an independent audit function to test programs.

Coins:

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” style=”color:#4d4d4d”> Ethereum Classic
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” style=”color:#4d4d4d”> Litecoin
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” style=”color:#4d4d4d”> Bitcoin Cash
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” style=”color:#4d4d4d”> Dogecoin
You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Dash
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7d 24h 1h
” style=”color:#4d4d4d”> Cardano
You have double ID
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” style=”color:#4d4d4d”> NEM
You have double ID
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” style=”color:#4d4d4d”> Monero
You have double ID
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” style=”color:#4d4d4d”> Zcash
You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Factom
You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Bytecoin
You have double ID
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” style=”color:#4d4d4d”> Steem
You have double ID
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” style=”color:#4d4d4d”> Lisk
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” style=”color:#4d4d4d”> MaidSafeCoin

Services Provided

In fact, Eobot has been among the first providers of the cloud mining services in the market. They can offer rental contracts for a period of time from 24 hours to up to 5 years. New technology trends help Eobot remain up to date, and their equipment is upgraded regularly as well as new features are added from time to time.

The Eobot Company provides cloud mining facilities for SHA256 and Scrypt algorithms, and they both follow the difficulty of Litecoin and Bitcoin. There is an opportunity to choose mining services for 21 cryptocurrencies, and also clients can also decide which currency of payout from this list to choose. Miners from Antimer S series are the components of the mining rigs, and nowadays Antminer S7 and S9 machines are used for the process of mining.

Client is able to see the block of coins on the account right after this block is mined. The results of mining are always available, and you don’t have to wait for payout periods. There is a possibility to invest only in fractions of the cloud instances, so you can go without the hashpower of a complete mining rig. Though one is able to save the direct electricity costs, hardware cooling and replacement cost by cloud mining, maintenance fee is charged by Eobot anyway, for their own costs to be covered too.

Using MyPool application the rented Eobot hardware can mine directly to the client’s pool. Such feature allows reducing the maintenance fee to 0%, and due to this fact you can mine the coins that are not supported in Eobot. 24 hour rentals are available, the cost of 1 TH/s for SHA256 algorithm is 0.0030 BTC (2.63 USD) and 1 GH/s for Scrypt algorithms costs 0.2BTC (175.58 USD).

There are several other projects run by Eobot except for cloud mining. If you are the one who wants to search for aliens in space, there is a possibility to rent hardware capacity thanks to the Cloud Seti project that Eobot offers. But this is a charitable activity mostly. Cloud Folding is another non-profit activity, where the clients can use the machines for medical research.

Eobot also remember about the users of mobile phones. They can download the applications that are available in Apple Store and Play Market to serve iOS and Android users.

�� Fees and Pricing Schedule

Hashpower of the equipment is the basis of the cloud mining price rates at Eobot. For the 4GS/s Antminer S9 miner rig you are charged $0.00021 GH/s daily. There is also a maintenance fee of 34% that is applied, and it is the fraction of the mining fee. Usually they add it to the charge for calculation purposes. When the client receives the final payout, all fees are deducted right away.

The mining fee at Eobot Company is a variable thing, and the maintenance fee usually depends on it. As a rule, it comes from the monthly cloud mining charge divided by the earnings based on Alloscope calculator.

The information provided on the company website tells us that when a fee reaches 100% on a cryptocurrency and mining rig, the mining of that coin is stopped. But when the fees reach 99%, the cloud mining is turned on again. It is claimed that if the fees to each customer reached 100%, their activity would be stopped and all contracts will be terminated completely.

When the bitcoin halving took place in summer of 2020, a portion of such closure already happened. Due to the falling of bitcoin price and rising bicoin difficulty, Eobot stopped providing cloud mining for 2 GH/s and 3GH/s contracts as well. What they do now is shipping the mining equipment to those who want to buy the Antminer hardware in exchange for GH/s paid before.

If they do not upgrade the hardware system with appropriate pace, one day the changing difficulty and bitcoin halving can be the reasons why Eobot will cease to exist.

Bitcoin is not the only payment method that Eobot accepts. You can also pay with VISA, Mastercard, American Express, Discover and JCB cards.

Eobot.com User Experience

Eobot.com is very easy to navigate. There are no fancy images or buttons here as well as animations. Information is the only thing that the creators of this website concentrated on. The platform is available in English only, but you can translate it through Google Translate.

Eobot offers its customers as much support as possible. If you visit the FAQ section, you will be surprised by its friendly, somewhat sarcastic tone. Should you have any questions there is a possibility to send emails directly to Support team or use the contact form right away. User queries can also be answered through a free hotline number.

It is explained in the FAQ section that one should go cloudmining just to have some fun, and not for generating income. Although the break even points for those altcoins mined are shown in the table on the landing page, the difficulty is not tuned into the calculation.

The purpose of this website is not to mislead its clients, but to show that this cloud mining company still represents less fraud risk than the others even considering the fact that not much information about them is available online.

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✔️ Advantages:

Side projects Cloud SETI and medical research that can be interesting for clients.

Applications for Android and iOS operating systems.

❌ Disadvantages:

Information about the owners is not available.

Overall Conclusion:

It is well known that Eobot has been running this cloud mining business from the very beginning, due to the high maintenance fees its service is more expensive that the services of other companies. But its future clients should note that the lack of information about its owners could a bit suspicious.

And also remember about the side projects of Cloud Folding and Cloud Seti, because it is an interesting example of charitable use of the mining activity.

Payneshop.com Review: Is PayneShop Scam or Legit Online Store

Payne Shop Review: genuine or fraud? payneshop.com is offering discounts on goods. Is payneshop legit? 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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What Is PayneShop

payneshop is an online fashion store that is offering discounts on its goods. This discounts seems too good to be true. This leaves many asking ‘Is payneshop.com genuine?’ is payneshop online store trustworthy or just a scam? How do I know if an online store is scam or legit?

PayneShop Online Store Review: Disturbing Things Found

Though this website might appear legit, the designed platform and mouth watering offers is just a facade. It simply take after other online store scams, the difference just being the domain name. After a thorough investigation, we discovered red flags which gave us more reasons to mark payneshop.com as scam

  • We could not find out the owner of the platform. This is quite disturbing, and an indication that the people behind this platform don’t have genuine intentions. Also, the website was registered just a week ago.
  • No contact address, no way you can reach them if anything happens. Just a form on their contact us page, that takes ages before response.
  • Discount on every product. This is the common trap put by the scammers to get the attention of the people.

How Does Payneshop Really Work

Forget the lies they are feeding the public, payneshop store is just a make believe store. They don’t have any of those products. The discount rate is quite alarming and actually show they are not into any business. What the people behind payneshop.com do is abscond with your money once you have made a deposit. There is no way you can reach them. Not even a provision on how to track the goods when you buy from them.

OUR VERDICT: payneshop.com is a scam . Don’t be deceived by their promises

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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 or getting a huge discount on purchases.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.

If you are Interested in Investing Online Profitably….See 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.

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