The advent of cryptocurrency has brought with it profitable ways through which people all over the world can make huge returns on their investments. In these virtual assets, one of the sectors through which investors can rake in huge profits is through mining. However, an innumerable number of scammers have infested the industry.
What Is Coinmining.me?
CoinMining.me is a platform that claims to be one of the most innovative bitcoin miners in the industry. The company claims to be a cloud mining company, but has all the characteristics of a Ponzi scheme. This is because even though it claims to offer good returns, its business model is illegal and lacks sustainability.
CoinMining.me Bitcoin Cloud Mining Hardware Leasing Service Features
CoinMining.me offers a high rate of return than many other similar sites. It offers 500GH/s free trial, guaranteeing investors an unsustainable annual rate of return of 200% ROI. This is unrealistic. Another red flag about the platform is due to the fact that even though it offers secure mining, its own website has not been secured within even the most basic security, which is SSL. There is no investment platform that can dare operate without SSL security.
Another key feature in the site is the fact that it lacks any terms and conditions. Any online investment program must always indicate all the terms and conditions. This is an indication that the owner seems not to be serious.
The fact that the owner’s name and address of the company are not indicated is enough proof that this is another scam. As a result, it is advisable to be cognizant of the fact that Coinmining.me is a Ponzi scheme whose objective is to fleece investors of their hard earned money.