Bitzo is a very simple website claiming to mine Bitcoins for its users. However, Bitzo fails to give a satisfactory explanation of where their mining farms are located, what payouts they are offering among other critical details like ownership info. The site claims that we can purchase hash power from them. But what is surprising is that they are not upfront with pricing. The cost of purchasing hash power from these guys is not directly shown on the website. One has to actually sign up in order to explore more.
This is a funny approach because every online business needs to sell to as many customers as possible, and one way of doing so is to put everything that a potential customer may need in one place.
The second method through which Bitzo claims to generate revenue is through their Bitcoin mining software. There is no information anywhere on this sales page with regards to how the software works. Even if we wanted to download it, it would be impossible because there is no download link anywhere on the site expect a get started button which sends us to their sign up page.
This is a very disorganized website indeed, and we can only wonder why they are targeting users on the internet when a number of things are not right with their presentation.
To mine Bitcoin and other Crypto currencies, you have to make use of a serious website. We have done our research and collected some very profitable ones here.
What we can tell you is that in the real sense, Bitcoin mining does not look like this. They tell us that they are keeping their fees as low as possible and daily payouts being issued at 12 GMT every day. The site claims that they are based at 427 SE 1st Ave, Florida City, FL 33034. The accuracy of this address cannot be verified either.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
Besides this, ownership details for the site is not clear. The domain is registered anonymously, and there is a sense of insecurity the moment you think of sending these guys your precious coins. With so little information to sell their services to the masses, one is prompted to sign up in order to explore more of what could be lying ahead. This is a very poor marketing approach and we wonder whether this is working for them.
Any real company that mines Bitcoin will present all the necessary information that investors need to have on the sales page. Unfortunately, Bitzo website only has a few pictures of their alleged mining facility but no location or further details were revealed. These pictures could have been sourced from the internet to support the claim that Bitzo has mining rigs and they can sell hash power. We think this claim is false, and you should never trust such a website.
At this moment in time, we are 100% convinced that this site does not operate mining rigs. Secondly, we are convinced that the physical address which they are giving us is also fake. If they were real and didn’t mind people visiting their offices, they wouldn’t hide ownership details for this site. There would be no need to do so.
The first thing we look at when we come across such a website is their reviews and customer feedback. For this website, these things are entirely missing and so we don’t know whether or not the site has handled a few individuals. But from the look of things, Bitzo has all the qualities of a scam website and even a ponzi scheme. It may still be new to this industry. We are therefore expecting reviews to start showing up when the site manages to attract the attention of the Crypto currency cloud mining industry.
But this is not the only concern we are having. The site Bitzo does not tell us about the daily payout expectations and the amount of hash power we can purchase from them. Usually when a site has equipped itself with mining facilities, it will advertise itself and even tel us how much they are selling hash power for. They will leave us with no doubts at all that they are genuine. But most of these scams (which operate similar to Bitzo) think that consumers do not have the right to be treated to this information.
Bitzo is also covered in mystery. Other than leaving us guessing about their services, they also do not reveal ownership info for this domain. The management (if at all one exists) is a top secret as well. Why would a site fail to reveal this critical information when customers need it to build confidence?
And of course one very obvious problem that we cannot afford to forget is the mention of Cypto currency cloud mining software. Bitzo tells us that they can let us download this software into our PC but where exactly is the download link?
This is quite suspicious. We believe that if indeed Bitzo wants us to do business with them, they should treat us with some dignity.
But as you can see, the site is generic and vague. It’s like they just lifted a mining themed script and set up a website for the purpose of scamming naive internet users who know nothing about Bitcoin mining.
If you take a look at the sites which we recommend for mining Bitcoin and other Crypto currencies, you will see that there is a very big difference in how they present themselves to their customers. It almost paints a clear cut picture in one’s mind that Bitzo is doing the wrong thing.
As we conclude this Bitzo review, we are tempted to believe that this is a site still under construction or the anonymous owner deliberately failed to take matters seriously. No one can ever trust a site that looks like Bitzo. But of course there is a very good reason why people trust these sites instead.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More