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99 Mining Cloud Review Update 2023: The platform went under with investors losing every penny deposited.
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In this review of the 99 mining cloud, we are revealing the truth by exposing the happenings behind the curtain. The truth is that this site isn’t mining any Bitcoins in the cloud. If you thought otherwise, you seriously need to read this review and make up your mind.
The paying status of 99mining cannot be confirmed or verified. 99mining.cloud does not disclose ownership information on their site. The admin is totally anonymous.
The domain was updated in 2017 where it changed hands and assumed new ownership. Expiry date is supposed to be in 2019.
The reason we are reviewing 99mining.cloud is because it seems to be a very popular website.
With an Alexa ranking of half a million and with most traffic coming from the United States, we can only imagine the number of people losing Bitcoins here every hour.
The site is offering 4 investment plans. The first plan V 1.0 is offered for free where investors can earn 0.0000576 every day. In just one month, this would be 0.001728 Bitcoins.
The second investment plans is dubbed V1.1. Investors could earn 0.001728 of Bitcoin per day.
The third package is called V1.2. This package gives the same daily returns as V1.1. This is also the same as V1.3 ad V1.4.
The difference between these 4 plans is in the affiliate bonuses and the minimum deposits needed to purchase a plan.
To this end, 99mining looks very lucrative especially with the free plan. The question you should ask yourself is whether the site is really paying out the funds.
If you don’t have an answer, then this 99mining will provide you with insights.
The site is boldly claiming on their sales page that they are the best bitcoin mining pool on the internet. That is a self-proclaimed statement which no one can confirm because the most popular cloud mining sites for Bitcoins, Ethereum, Dash, Litcoin are well-known. 99mining is not one of them.
To earn more from this site, all you are required to do is upgrade to a premium plan.
Affiliate bonuses start at 30% all the way to 100%. This begs the question of why this site is giving 100% affiliate bonuses.
Common logic should make us question that if affiliates are rewarded 100% for each referral in the V 1.4 package, how exactly is 99 mining cloud making money from the referral?
It is not possible to give 100% of member deposit. The reason this site is making such a claim is because they know that they won’t pay. It costs them nothing to make such claims since they don’t feel obligated to be responsible for their promises.
From the word go, we said this is a scam. There are more concrete evidence yet to come.
These data centers do not exist. Plain simple. If they did, 99mining would have known that mining Bitcoins for free is not possible. They would never ask you to sign up for a ”free plan”.
There are claims that this website is keeping the cost of mining down while increasing efficiency.
The data centers are allegedly located in Europe, USA and China. That is not true at all. And if there is some truth in this statement, we demand to see proof.
In short, we are dealing with a site whose operation model is similar to that of a typical Bitcoin ponzi scheme.
At this point, you must be wondering how 99mining is intending to scam. The game plan is so simple. It is as follows:
A greedy and financially inexperienced internet user lands on the site, sees a free investment plan and imagines that they can earn 0.001 BTC for free at the end of the month.
Obviously he signs up and when he does so, ‘mining’ starts immediately. After 30 days, they will have accumulated the promised amount.
But to speed up the production of Bitcoins, the gullible investor will upgrade by paying 0.01 BTC to purchase any of the premium plans touted on the 99mining.cloud website.
This will be inspired by the fact that they are seeing ”proof” of payment which is in form of a page showing alleged payouts which are updated every day. This is a script which is programmed to update the page regularly. The investor will be oblivious of this fact.
Soon they will reach withdrawal threshold which is 0.005 BTC. When they request a payout, the site will religiously follow the time-honored style of scamming individuals. They will ignore any emails that this investor will send them demanding to know why their Bitcoins have not been deposited to their wallet.
It’s interesting to note that the owner of this site is anonymous, and they are stealthily enjoying the anonymity that the internet is affording them.
They claim that 99 Mining Cloud has data centers in the aforementioned parts of the world. That is not the case.
With the rising cost of mining, nobody in their right minds will ever give a free cloud mining plan for Bitcoins. Who pays the cost?
These claims are simply too good to be true. The scam is most likely targeting the financially naive.
Of late, the price of Cryptocurrencies have been on a down trend for weeks or months. Price is currently range-bound, meaning that there is minimal climb or decent.
For example, Bitcoin has been playing around the $6,000 to $7,000 mark for weeks now. This applies to all other Cryptocurrencies in the market which have not shown any significant rise or drop in price.
When price is down like this, it means that we can’t generate any significant profits from mining of BTC. Anything that we make out of mining will be minuscule.
As we have said it before, 99 mining is a scam. Don’t waste your money or time participating in something that won’t yield any returns. You should definitely try trading crypto to see how it will go. Our readers have reported massive returns from trading of Cryptocurrencies.
Valforex.com will not be 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. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, 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. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
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as soon as you get in the position to receive the first earnings they told you that you have to buy the lowest item and then they will pay you…. a scan it is…
This a total scam. They DO NOT PAY. They say they’ll pay you when you update. Not true. A real scam.
So crazy site, I have 25btc in my account n I want to withdawal but they ask me to paid 0.001 btc. I don’t wanna do that. In the text type “pending 24 hours” but it already 4days n I’m not receive the paid. Sorry for the grammar, F**kin’ grammar. Lol
Its a scam i tried withdrawing after paying the maintenance fee but to no avial. Avoid at all costs
Eu fiz a transferencia conforme eles pediram, mas ja fazem 48hs e até agora não recebi nada $$$$$, isso é uma farça, pena que eu não havia pesquisado antes…fica a dica meus amigos, não entrem nessa..
99mining e fraude sim eu mesmo deixei para ver quando chegou no valor para retirada paguei á taxa de manutenção que pede só para ver e hoje dia 11/06/19 faz 14 dias que estou esperando e sempre que mando email eles mandam a mesma resposta , se caso eles pagarem um dia retiro o que falei.. mas não caiam nessa e fraude mesmo..
I just got paid for my free account first time, any one here who got paid ??
shoud I invest in this site?
Te pagaram? Serio ? Como e quanto?
keith are you serioyd that you Got paid bro coz i got lots of bitcoins there and its a pending withdrawal
mentiroso, estafador, falso …
Bom gente, no mês de agosto do site realizou alguns pagamentos, na conta free e versão 1.1, mesmo que eu tenha ouvido falar mal, vou esperar o 0.005 BTC e darei um retorno neste post, as vezes as coisas mudam! Fiquem sempre alerta a isso!
I nostri contatti
Numero azienda : 09951039
Posta azienda :[email protected]
Indirizzo sede legale : 20-22 Wenlock Road, Londra, Inghilterra, N1 7GU
buongiorno come copia e incolla sopra io sono 2 giorni che mi sono imbattuto qui ,ho trovato la sede legale telefono e indirizzo ,,,sto facendo gratis,,qualcuno sa dire se paga???? non intendo buttare via soldi voglio solo arrivare alla cifra minima di prelievo per vedere se danno questo 0,05 bitcoin grazie
This site is not scam. It’s 100% legit. This site is actually pay.
Você recebeu seu pagamento no free?
Gente o Google tem uma plataforma de denúncia de site é só entrar em ajuda e buscar por denunciar site.