Well, we are so used to the experience of getting disappointed with free things to the point that we can no longer trust anyone. Bitbase.club is a site that claims to offer a free mining plan for Bitcoin. They explain that this is to built trust with new members so that they can get to upgrade their plans. Whether or not Bitbase offers attractive returns for the free plan is something that is unknown. Bitbase also advertises itself as a free mining website for Crypto currencies. The site has 4 investment plans for their members. They seem to have scrapped off another plan which they used to call Nano. That plan no longer exists although this is still appearing on some texts on the website.
The amounts that you can earn per day on this site ranges between 0.002 BTC to 1.8 BTC. As you can see, these amounts are abnormal. We are not quite sure if these amounts can be realized through mining of Crypto currencies at the present difficulty rate and also considering that many factors are coming into play before we can ever realize any daily ROI.
Having said that, we have discovered that the site Bitbase is also using a theme that is quite common in many scam sites claiming to mine BTC in the cloud. It could either mean that we are dealing with a copy cat site or a site that is owned by the same operator of sites that look similar to Bitbase. We are not really sure about this because the owner of this site is anonymous. By now, you should understand that anonymity is the order of the day in the Crypto currency market place. However, for sites that want to build their credibility and trust ratings, revealing the people behind their operations is usually not an uphill task. So we already know who are the scammers and who are the real mining operators offering real deals. Take a look at these sites to discover the places where you can legitimately mine Crypto currencies without ever worrying of getting scammed at some point.
Bitbase claims that their site was created in 2017. This is a claim that we have already verified as true. So that means the site is potentially here to stay for a while. They claim that they are based out of London, and are using latest cutting edge mining technology for Crypto currencies. They also claim to have employed a team of professionals who understand Crypto currencies and will be able to help you any time you need their assistance in any matter.
One thing that sets this website apart from other scam websites is that at least they have a contact form which can be used to reach out to the owner of the site. We haven’t tested response rate yet, so we do not know how fast they respond to inquires. On the other hand, this should not be used to built any credibility with the site as there are lots of factors that come into play whenever evaluating the success of a site and whether or not they are credible.
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And of course they are also offering a referral program which users can utilize to boost their income from those who join under them. The problem that we have with the site is that it has 3 red flags which we will discuss below. If they can address those red flags, we may give them the benefit of doubt. However, if those red flags are not addressed as soon as they read this review, then that will mean black listing the site just the same way we have always done with sites like Hashbyte.
Returns that are promised through the Bitbase investment program are too good to be true. If mining through the site could make us close to 2 BTC per day in returns, everybody would be mining with this site because it is apparently so profitable to work with them. The kind of returns that the site is promising cannot be trusted. The site cannot lie that they are paying and sustaining those ROIs. Otherwise, they would make headlines by now. So this is a serious issue because people don’t become wealthy overnight with Crypto currency cloud mining. This site is definitely lying about the kind of returns they claim to give.
Who is the owner of this site? What’s the name of the company behind their website? Yes, there is a London address on the site. We do not know whether this is a visiting address and whether we will find a company called Bitbase.
The information that this site has presented is not sufficient for us to conclude that they are legit. First, we need to know why they are concealing the identity of the person behind it. Once we know this, it becomes easier to deal with the rest. It is simply a matter of investing the owner to see whether they have a dirty record of ever involving themselves in any kind of scam. Most of the time these people will have ran an MLM before.
The site does not say whether or not they own mining equipment. We do not know whether they will use our PCs to split profits. There is just no information about this part of mining Crypto currencies. Can we assume that Bitbase has mining hardware which they can use to generate Bitcoins for us? No we can’t. They must state it and provide verified proof that they are truly mining Crypto currencies. Otherwise, we will assume that no Crypto mining is happening here.
We conclude by saying that Bitbase is a suspicious operation, and you should be careful before you go head on into the matter. Perhaps you could start with the free mining plan. See whether you will be asked to make a deposit before withdrawal. Otherwise, just stick to these mining sites.
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