BTCGROWER

BTCGROWER is a bitcoin mining pool that claims to be the world’s fastest growing bitcoin mining pool. Find out how this Iceland-based pool works today in our review.

What is BTCGROWER?

BTCGROWER is a bitcoin mining pool that promises to offer “huge ROI with no risk”. That’s the word-for-word description on BTCGROWER.com – so right away, we have a huge red flag about the validity of BTCGROWER.

The company claims to be giving investors “a unique opportunity to earn a certain percentage of profit on a daily basis”. Thanks to the company’s “professionals with years of experience on bitcoin mining”, the company can “guarantee you huge return on your initial investment.”

Obviously, when a company promises huge returns on your initial investment guaranteed and with 0% risk, then that’s a huge warning sign. The bitcoin industry has been filled with scams, pyramid schemes, and fraudulent activity in recent months, and BTCGROWER appears to make unrealistic promises to investors.

With that in mind, let’s take a closer look at how the company promises to make you rich overnight.

How Does BTCGROWER Work?

BTCGROWER is based in Reykjavik, Iceland. The company’s mining equipment was chosen based on the fact that Iceland’s climate is cool year round and runs entirely off 100% renewable green energy “which makes our operation sustainable”.

Of course, just because a company uses green energy doesn’t automatically mean that its business model is “sustainable”. It might reduce the environmental impact of the company, but it doesn’t mean their energy is cheaper or their mining is more efficient.

Nevertheless, BTCGROWER promises investors “guaranteed” daily returns. The more you give the company today, the more you’ll earn back every day. Your funds are purportedly paid direct into your bitcoin wallet.

The pool is a verified pool on the bitcoin blockchain. The company also offers live statistics and reporting. There are multiple mining locations worldwide. The company only lists Iceland as one of its mining locations, so it’s unclear where the other mining farms are located.

BTCGROWER Pricing

The more you spend, the more you earn. Plans come with a guaranteed rate of 1% to 5% daily profit, which means you’re earning between 365% and 1825% over the entire year. What a great investment! Better yet, BTCGROWER claims to guarantee your returns. You can also earn additional commissions by referring other people to BTCGROWER.

In any case, here’s how pricing works for investors:

Apprentice

  • Minimum Bitcoin Investment: 0.01 BTC
  • Maximum Bitcoin Investment: 0.1 BTC
  • Guaranteed Profits: 1% Per Day
  • Referral Commissions: 5%
  • Withdrawals: Anytime
  • “Investment Validity Period”: 30 Days

Master

  • Minimum Bitcoin Investment: 0.10 BTC
  • Maximum Bitcoin Investment: 1.0 BTC
  • Guaranteed Profits: 3% Per Day
  • Referral Commissions: 7.5%
  • Withdrawals: Anytime
  • “Investment Validity Period”: 30 Days

Expert

  • Minimum Bitcoin Investment: 1.0 BTC
  • Maximum Bitcoin Investment: 10.0 BTC
  • Guaranteed Profits: 5% Per Day
  • Referral Commissions: 10%
  • Withdrawals: Anytime
  • “Investment Validity Period”: 30 Days

So far, BTCGROWER claims to have attracted 1944 clients with a total of 1268 BTC invested and 1596 BTC withdrawn.

About BTCGROWER

BTCGROWER lists its headquarters as the following address in Iceland:

Laugavegur 86-92
Reykjavik, Iceland

That address appears to be associated with an apartment building and a tourist travel agency. It’s unclear if this is the location of the mining server, although it seems unlikely.

You can contact the company by email today at info@btcgrower.com.

There are already plenty of red flags involving BTCGROWER. However, one of the biggest red flags is that we know nothing about who’s behind the company. No information is listed on the official website. We don’t know what their background is, or how they’re qualified to make investment decisions. All we have is an online contact form and an address in Iceland. When a company is asking for thousands of dollars, you expect better transparency about the company and its executive team.

Complicating matters further is that the BTCGROWER website is filled with fake testimonials. A reverse image search for the people showed in the testimonials indicates that they’ve been taken from different websites across the internet. BTCGROWER has changed the names of these people, then used their images to claim they’re happy investors. That’s not good.

Thanks to a WHOIS lookup, we know that BTCGROWER.com was registered on May 18, 2017 through Namecheap. No further information is available. The registrant of the site chose to hide his identity through a Panama-based organization.

Should You Invest in BTCGROWER?

If someone tells you about an investment opportunity with huge, guaranteed ROI and zero risk, you should immediately run away. That’s a huge red flag, and it’s the difference between a legitimate investment opportunity and a scam. Sure, there’s a possibility that BTCGROWER could grow your bitcoins.

However, there doesn’t appear to be any formal guarantee or contract between users and the company. There’s nothing stopping BTCGROWER from running away with your bitcoins. Worse, BTCGROWER doesn’t appear to have any real business plan in place. Despite appearing on the internet just two weeks ago, the company claims to have attracted nearly 2,000 clients.

Ultimately, BTCGROWER suffers from many of the same problems as other bitcoin investment services: a lack of transparency, unrealistic investing promises, and a website filled with fake testimonials. For all of these reasons, we have to assume BTCGROWER is a scam – at least until the company provides more information about itself or its business model.