Estimated reading time: 5 minutes
This review concerns c7finance.com, a website that claims to generate ROIs by mining Bitcoin and other Cryptocurrencies. Our question is this – why waste all that web design work when you are just presenting a scam? C7 Finance is unable to convince us that their absurd ROI is as a result of Crypto currency mining. We have been mining altcoins for a very long time now, and one of the things we have observed is that it is not possible for people to make overnight riches by just mining Crypto currencies. It takes some time to make wealth in mining Cryptos, plus the return on investment will depend on how much you are willing to invest. But definitely C7 Finance is presenting far fetched ROIs which no financial expert can believe. It simply shows that C7 Finance is a deliberate ponzi scam. Here’s why.
C7 Finance claims that they can generate 20% hourly returns on their basic plan and 7,777% in 57 days. 20% in hourly returns would make us 480% in 24 hours. In a couple of months, all investors who signed up for C7 Finance would be millionaires. Do you see how unrealistic this is?
How about 7,777% in 57 days? That’s the weirdest thing we have ever encountered on the internet. Rest assured that this is something different and is not mining of altcoins as claimed by this website.
We are currently mining with the most legitimate and popular cloud mining operations on the internet. We have never seen explosive profits ever since we begun mining with them more than a year ago.
These ROIs don’t make sense even if we wanted to believe in them. Instead, they suggest that C7 Finance is only looking to persuade internet users to send them money so they can launder it on the back-end. Since these promises are too good to be true, we can be sure that anyone who funds this scam will eventually lose everything.
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Note: If your language is not English, you should use the language dropdown menu at the top right hand side of their page to select your language.
In mining of Cryptos, there is no absurd ROI. Otherwise, all of us would be wealthy in this planet. The reason why the economy works the way it does is because people cannot make free money for doing nothing. Mining of Cryptocurrencies isn’t some pot of gold where individuals can collect as many coins as possible overnight. It depends on mining difficulty. The more miners we have, the more difficult it gets. Only cloud mining platforms with the latest technology can try to yield fairly good returns. However, this is not something close to 20% per hour.
C7 Finance is backed by a legal corporation known as C7 Limited. Company status says ”Active proposal to strike off”. That means the company is about to be resolved any time from now. Furthermore, this company is registered under the category of ”Take-away food shops and mobile food stands” yet what they are offering is very different from the category of service in which they have registered the company.
This suggests that C7 Finance is actually misleading the company registrar in he UK by making them believe that they are trading food when in the actual sense, they are hustling funds from internet randoms and claiming to invest them in Bitcoin mining. Actually, this is the biggest red flag here.
There is no way C7 Finance can convince us that they are legit and are not planning to rob internet users. By the way, nothing is known about this site as it fails to disclose identifying information. It fails to render itself as a genuine Crypto currency mining operation simply because it is ambiguous in its presentation and also very basic in the way they describe their alleged services.
The site claims that they own the best data centers in countries like the US, UK and so on. We are not about to believe this nonsense because this site is very discrete with its operation. Lack of transparency is the biggest concern here.
If the owner or the person running this site is 100% anonymous, we don’t believe that they would have the resources to invest in data centers.
Moreover, these data centers are mentioned in the passing. The site does not give us any proof of the existence of these facilities. As an investor, a visitor is forced to use blind faith to believe that C7 Finance will yield what it says it does. But for the wise investor, caution must be exercised. Having observed the red flags, the chances of losing funds here is 100%.
We are absolutely 100% sure that C7 Finance is a ponzi scam where ROIs are based on deposits made by recruits. There is no mining of Crypto currencies here, and definitely the site does not prove that they have an external source of revenue for the alleged ridiculous returns.
Since these ROIs are unsustainable and no legitimate business can ever afford to pay 480% per day for any length of time, our belief is that C7 Finance is only using such promises to lure investors into their trap. Once an investor has sent a small test deposit, the site might decide to pay or not to pay. If the site chooses to pay some return on investment, they will be doing to to win the trust of a victim. When this victims deposits more money in the second round, they might decide to steal it.
If not, they will be paying some returns in the early stages. However, when their reserves start to dry out because they will at some point, then it means that the anonymous owner will have no other option apart from to run away with whatever funds they have accumulated.
C7 Finance is a blatant scam that will run away with your money in the next couple of weeks. Given the company status and the deceptive presentation, we strongly believe that this platform is a high risk business venture that will drain your Bitcoin wallet. If you want to mine Cryptocurrencies, consider these companies instead.
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