The launch of bitcoin in 2009 has led to the digital currency revolution that we are experiencing today. There’s a lot of emerging digital currencies in the e-market today including Bitcoin, Ethereum, Litecoin, Dogecoin, sky coin and more. Some are even in development phase waiting to be launched. The technology underlying these technologies – blockchain technology – is the thing to watch out for as it is continuously transforming digital transactions by allowing secure direct transfers. By getting improved every day, block chain technology will continue to transform online transactions almost all industries.
As a result, more and more companies have embarked on Crypto mining operations. However, some of them are scams. They are HYIPs based on Ponzi schemes. If you don’t know how a Ponzi scheme works, it follows an investment program that delivers promises including high return on investment (ROI) – the deal is often too good.
Take the example of Zoxtel.
What Is Zoxtel Mining Service?
From their website, Zoxtel delivers mining cloud services and claims to provide mining benefits to investors in a less complicated manner.
As such, the company allows investors to mine Cryptocurrencies including Bitcoin, Litecoin, Dogecoin, and Ethereum. To be able to do that, they need to make minimal investment amounts including 1USD, 0.001 BTC, 0.1 LTC and 20 DOGE. Deposits in USD, Dogecoin and, Litecoin, are credited to an investor account within 1 hour. Investors can make payment using several methods such as Payeer, Bitcoin, Perfect money Litecoin and Dogecoin. According to the company, they may increase the number of the payment methods in the near future.
Investors receive their earning on a monthly basis – this means that within a period of 3 or 5 months investors receive profits and can withdraw them or reinvest them in the platform again.
Zoxtel Cloud Mining Investment Conclusion
Knowing the complexities involved with crypto mining including a lot of computing requirements, then what they are offering raises a lot of questions – it is a service too easy and good. Zoxtel is relatively new as operations started in 2017. They claim to have been a local enterprise that now extended their operations to partners and new investors. Some Ponzi schemes want to reach as many people as possible. Listen to this, the company has a referral system where users earn 10 percent discount for each invited partner. What does this tell you? Their hidden is to get as many people as possible to register.
Profit returns are as high as two percent daily which leaves a lot of questions. The highest probability is that Zoxtel is just another HYIP.