TheBitGoldMine

The Bit Gold Mine is an industry top Bitcoin cloud mining pool. Mining on autopilot with their intelligent algorithms allows you to make as much Bitcoin as possible. They aim to supply users with the simplest possible way to generate money without having to do some of the hard stuff.

It should be noted that the potential returns from the Bit Gold Mine have not been verified and should not be taken at face value.

With data centers in Asia, using dedicated Up-Links and 99% uptime they claim to have decided to keep bills down and mining energy high, meaning you could make more in a shorter amount of time than what it would take to mine from your home for example.

Cloud mining is greatly suited for novice miners who would like to try out mining and earning cryptocurrency as well as seasoned miners who don't want the hassle or risks of hosted or home-based mining.

The Bit Gold Mine Plans

TheBitGoldMine v1.0 Free

  • Earning Rate: 10 Satoshi/min
  • Profit per day: 0.00015 BTC

Basic Version 1.1

  • Earning rate: 110 Satoshi/min
  • 0.0016 BTC per day
  • Affiliate bonus 30%

Standard Version 1.2

  • Earning rate: 690 Satoshi/min
  • 0.01 BTC per day
  • Affiliate bonus 40%

Standard Version 1.3

  • Earning rate: 3500 Satoshi/min
  • 0.05 BTC per day
  • Affiliate bonus 50%

Premium Version 1.4

  • Earning rate: 17360 Satoshi/min
  • 0.25 BTC per day
  • Affiliate bonus 60%

The Bit Gold Mine Results

  • The Average Profit Per Day: +0.74%
  • The Average Profit Per Month: +15.98%
  • The Average Profit Per Year: +191.93%

What Is Bitcoin Mining?

Bitcoin mining is intentionally designed to be resource-intensive and hard so that the amount of blocks found each day by miners stays steady. Individual cubes must contain a proof of work to be considered legitimate. This proof of work is confirmed by other Bitcoin nodes every time they get a block. Bitcoin uses the hashcash proof-of-work function.

The main purpose of mining is to permit Bitcoin nodes to reach a protected, tamper-resistant consensus. Mining is also the mechanism used to present Bitcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins.

This both serves the role of disseminating new coins in a decentralized manner as well as motivating individuals to give safety for the system.

Bitcoin mining is so called because it looks like the mining of different commodities: it takes exertion and it gradually makes new currency available at a rate that looks the pace at which commodities such as gold are mined from the ground.

What Is Proof Of Work?

A proof of work is a bit of data which was difficult (expensive, time-consuming) to produce so as to satisfy certain requirements. It must be trivial to assess whether data satisfies said requirements.

Producing a evidence of work can be a random process with low likelihood, so that a lot of trial and error is expected on average before a valid evidence of work is created. Bitcoin uses the Hashcash evidence of work.

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16 COMMENTS

  1. I have been waiting 20 hours for my order of the 1.3v to go through and it still hasn’t gone through. I paid .126 bitcoin which is over $1000. I have sent in many support tickets over 24hours and nothing! It is looking like a scam to me…

    • Hello Bryce, how did this ever turn out for you? I have never upgraded ANYTHING from thebitgoldmine.net and I have never had anything get paid and have Payments “Pending” since 12-6-17 and it is now 1-11-18. Not a word, not a penny, and certainly not any Bitcoin! Definitely a SCAM!
      Thank you,
      Shaun

  2. They paid all my withdrawal requests at 1.1 so they gave me the illusion that they were legit. I upgraded to 1.4. Now they completely stopped paying. Lost $4000. Don’t make the same mistake, don’t invest!

  3. Thanks to all your information that I discover, now I have a lot of follower from this site to advice not to invest. Me I rcvb the first free payout and waiting my second payout. So better not to wait anymore….

  4. The picture that they have on their “Contacts” section says “Mike Finley” and has his picture. https://www.thebitgoldmine.net/contact/

    The problem is that the picture is of Marco Streng (AKA CEO of Genesis Mining) from 2015!

    https://cryptocurrencytalk.com/topic/17604-genesis-mining-support-the-x11-and-x13-algorithms-soon/

    They just cropped the picture to remove the sign posted above his head that says “Genesis Mining”.

  5. Thought I was being smart and started small. Received one pay out which convinced me they were legit, Still waiting on any additional withdrawal. Set up two accounts version 1.1 and 1.3 so far it’s a bust. By comparison, Got into Genesis about 6 months ago who never misses a daily deposit. Enough said.

  6. do not invest – they don’t even pay out their free coins you would for signing up!
    still waiting on these:

    2017-11-23 13:34:03 28953 0.00050000 BTC WITHDRAW PENDING
    2017-11-29 20:55:05 36252 0.00100000 BTC WITHDRAW PENDING
    2017-12-04 21:00:34 43908 0.00050000 BTC WITHDRAW PENDING
    2017-12-06 21:20:59 47689 0.00050000 BTC WITHDRAW PENDING
    2017-12-11 20:40:04 55471 0.00080000 BTC WITHDRAW PENDING

  7. This is the biggest scam out there. I wrote a letter to the contact person just laughing while writing it. I have for pending right now have not been paid out on any. My friend was paid out on his first 2 right away then invested and wouldn’t you know it nothing after that. WOW not surprised at all! I tell anybody that I talk to about this site and tell them to stay away!

  8. 2017-12-04 00:30:56 42537 0.00200000 BTC WITHDRAW PENDING
    2017-12-08 18:24:09 50890 0.00804000 BTC WITHDRAW PENDING
    2017-12-11 19:51:10 55412 0.00400000 BTC WITHDRAW PENDING

    This is a scam site, pyramid scheme, ponzi scheme. I wouldnt be surprised if a madoff is behind this site.

  9. 1 officer / 0 resignations
    BUGINI, Giacomo

    Correspondence address
    20-22, Wenlock Road, London, England, N1 7GU

    Role Active
    Director

    Date of birth
    October 1976

    Appointed on
    14 January 2016

    Nationality
    Italian

    Country of residence
    Italy

    Occupation
    Ceo

  10. My experience – use your best judgement!

    2017-12-02 08:58:54 40085 0.00050000 BTC WITHDRAW PENDING
    2017-12-05 16:00:57 45218 0.00050000 BTC WITHDRAW PENDING
    2017-12-08 22:58:58 51215 0.00050000 BTC WITHDRAW PENDING
    2017-12-12 06:27:14 56347 0.00050000 BTC WITHDRAW PENDING
    2017-12-15 13:07:41 60564 0.00050000 BTC WITHDRAW PENDING
    2017-12-18 20:18:03 64570 0.00050000 BTC WITHDRAW PENDING
    2017-12-22 04:14:32 68374 0.00050000 BTC WITHDRAW PENDING
    2017-12-25 10:35:01 71549 0.00050000 BTC WITHDRAW PENDING
    2017-12-28 17:21:15 74832 0.00050000 BTC WITHDRAW PENDING
    2018-01-01 04:26:21 77692 0.00050000 BTC WITHDRAW PENDING

  11. This site is a scam!!! Still waiting for a payout which will probably never happen. Glad I was just trying it out before I sink money into the POS site!!
    You have been warned!!!

    Date ID Amount Type Status
    2017-12-10 20:07:31 53645 0.00130000 BTC WITHDRAW PENDING
    2017-12-26 02:04:11 72192 0.00235000 BTC WITHDRAW PENDING
    2018-01-07 01:04:40 82834 0.00180000 BTC WITHDRAW PENDING

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