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Blockmine Review Update: Another scam failing to release payouts.
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Welcome to our review of the Blockmine, which can be found at blockmine.org.uk. This site claims to mine Crypto currencies and also pays weekly ROI to the tune of 15%. In addition to that, Blockmine claims to generate revenue through their adspack program which is a second way of boosting one’s income through the site. In this program, users are forced to click ads on a daily basis in order to earn money.
And of course the third most ridiculous way through which the scam is spreading like wild fire on the web is through their referral program where they promise investors 30% per referral. Altogether, Blockmine claims that they can guarantee 150% returns in a very short time because daily returns are slightly over 1% in Bitcoin mining alone. If this is boosted with other revenue sources, you can easily become a millionaire. We are working these numbers based on what the site is telling its audience. So, where is the truth? Is this site only taking us for a ride? Definitely.
Note: Our readers are mining Bitcoins with these legit sites. You can join them here this is something that you are interested in.
When something is too good to be true, your common sense will always be your best friend to warn you in advance. 15% weekly returns in mining is not possible. That has never been the way the economy works and if this site had discovered a secret to extracting this much from Bitcoin mining, they would never share it with you. It would be better for the anonymous site operator to do his thing secretly without letting the world know it. It would even be more profitable because the more the number of people who are joining the mining pools, the more the level of mining difficulty is increasing. So if these scammers can keep it to themselves, it would be advantageous in the long.
So forget it when a site like Blockmine lies to you that you can make 15% weekly returns in mining. You can’t. The site in question has also combined this business model with adspack program where investors are forced to view up to 8 ads per day in order to earn money according to their investment plan.
Ads pack programs have a long history with ponzi scams. In fact, you cannot separate an ads pack program from a ponzi scheme because 99% of the time, people who run these programs are never selling genuine traffic. They are hoping to swindle investors by cheating them of their money through something that might look genuine at first when it is in fact a scam.
We don’t believe in these ads pack scams, and neither should you. If you ever come across a site that claims to mine Bitcoin and is also providing a supposed second income opportunity through selling of ads, you must question them a second time.
Well, this is self explanatory. The site Blockmine does not produce any kind of evidence to suggest that they are a serious business with mining farms across the globe. We are not so naive to believe claims because currently there are so many rogue websites which are operating in a similar fashion to Blockmine and are claiming to own Crypto currency cloud mining facilities around the world. Those claims are often lies and this is the same thing that is happening with Blockmine too.
This is a very peculiar website indeed. The owner of the site does not have any identifying information to help us trace him or even learn about them. We don’t know what kind of background experience they have in Crypto currency investing, although they claim on the site that they started Bitcoin mining in 2016. This prompted us to analyze the date of registration for the domain. Surprisingly, even the date of registration is hidden with only the expiry date being visible to the general public.
On top of that, the site is anonymously registered and hosted, which makes it very difficult for us to know its owner. But all in all, this discovery is sending a strong message regarding the credibility of the site in question. Blockmine is giving us a UK physical address but this seems to be a virtual address as opposed to a real visiting address. They also claim that the site’s activities are overseen by a company that is registered in the UK. What kind of a company does not have proof of generating income through legit means?
The more we dig deeper, the more we have questions to ask these crooks.
The minimum investment required in order to get started with Blockmine is $100. The act of depositing this money will always result in disappointments. But of course we ate expecting that you will have done your research thoroughly by the time you are making a deposit with such a rogue website.
The fact of the matter is that no mining of Crypto currencies is taking place here. You cannot mine Crypto currencies when you don’t have the facility to do so. The site’s marketing material is misleading and is aimed at luring innocent investors to hand over their hard earned money to this scam.
The site’s operators will take your money and decide whether or not they will pay you a small amount of profit. Chances are that they won’t even pay a penny. But if they do, it would be an act of testing you to see if you will deposit a larger amount. We have seen many of these sites before and we are not surprised when we discover that Blockmine is operating in a similar fashion.
Blockmine misses the point and does not seem to be a viable opportunity for making any money on the internet. The best advice we can give is to stick to these sites because they are genuine and have built trust ratings for some time. Don’t be scammed by Blockmine.
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it is not pay for old ID member… this is answer from Blockmind “You are an old member because you are joined before 12 OCT 2018 so you should transfer your account balance to
your friends account and then upgrade any program using 50% account balance and 50% with fresh fund
if you do this so in that account withdraw will be approve with in 3 – 5 days.
You do not have any other way for clear your all withdraw.”
How can make this company CLOSE DOWN!!!!
ดีมากๆ ข้อมูล
I join block mine first time 19 Jan, 2019 i much worried about my investment because from 14th April to on world no weekly mining revenue yet received. please tell me how to process .
F**k blockmine i lose my more than 5M in this scam
It is really a SCAM. I was a member and invited some of my friends to join. At first I can say that we are being paid but then, there was new rule and one more and so on. Only to bring out more money from members. Because I’d you dont follow those steps of rules you can’t able to withdraw your earnings.