In this review, we’ve zeroed down on a website whose domain can be found at bitzfree.com. Bitz Free claims to offer free Bitcoin cloud mining to its users, yet we know that there is nothing in the world lie ”free Bitcoin mining”. The cost of mining is rising while prices are dropping. It is for this reason that we are encouraging trading of Bitcoin because it’s the most lucrative option of all. You will make profits regardless of whether prices is rising or falling.
After going through Bitz website, we did not find anything substantial that could persuade us to try them. The site has even integrated a coin known as BTG. BTG is a worthless altcoin which the site is selling for $32 per coin. The mining process is actually very weird as Bitz has introduced what they call a Bitcoin cloud mining simulator. In this setup, Bitcoin fans can choose their strategy and even hack Bitcoins belonging to other users. The site is claiming to be the revolution against the capitalists in the financial system.
The site is also claiming that making Bitcoins with them does not necessary require any form of investment as you can start mining with 20 GH/s for free. If this site gives free 20 Gh/s of hashing power for free to 1000 users, who will meet the cost?
On top of that, Bitz free is claiming that they are giving bonuses for every login. These bonus points are supposed to increase your mining rate by 10%. In addition to that, the bonus can be used to ”hack Bitcoins in the black market”.
So, the question is this, can you earn free Bitcoins with this site? The answer is very disappointing. There is no free Bitcoins anywhere in the word. If that was so, everyone would be rich today. One BTC is worth 6K right now. So if you happen to mine them for free, you will make a lot of money in a short time.
The site is even giving users the opportunity to choose a variety of mining strategies to increase their income. These strategies were not revealed upfront though. The idea is that this BTC mining simulator will give users an unlimited amount of BTC if they perform some action. Users can determine mining policy and hacking as well in order to achieve a threshold for payouts.This sounds like an illegal financial game where people are lured into gambling so that they can massively lose their money in the vice.
BitzFree is also claiming that unlike other scams operating in this niche, their website is not scam because their revenue is generated from advertising, trading and alt coin mining. The question is, where is the evidence? If the site claims that they are taking part in these activities to generate revenue, they should be able to prove it. But so far, there is no proof to support their ”revolutionist” concept. It is just empty talk that will result in people losing money.
👉 ***Do you want to earn a side income with a stable crypto investment platform that generates sustainable monthly yields? Get this: You can now make a steady profit margins thanks to a new innovative way of investing in crypto. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment whether you are a beginner or professional in the crypto space. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It is not TRADING. It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding. With just a minimum deposit of €500, you are good to go! With a minimum contract duration of four months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month. If you are still wondering whether this is a safe option, you can cancel the contract at any given time. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.
Click Here To Sign up with Yieldnodes Today
PS: YieldNodes is 100% Verified and Recommended by Valforex.com.
The reason why Bitz Free is an illegal scam is because it says users will be able to hack other users’ production in order to gain an unfair advantage over them. Again, we do have a question. If every user has the ability to hack, how exactly is this going to work in terms of supply and demand? It could mean that all users will hack one another and in the end, no one will benefit from the system. This part is actually not making sense at all. It is not a feasible business idea. Also, since money will be involved at some point, this makes it an illegal operation. Hacking has never been ethical if the purpose is selfish.
The other reason as to why we treat Bitz Free as a suspicious website is because they are claiming that users can even double their BTC. How exactly does that happen? If every user has been given the chance to double their BTC, how exactly will money circulate in this ecosystem? Based on pure common sense, any investor will see that this is not possible. Actually, it is not making any sense for the simple reason that BTC Free is a lie.
If you have opened the Bitz free website, chances are that you are wondering whether free Bitcoins can ever be generated. You have a straight forward answer based on the issues we have raised above. No one can generate free Bitcoins because BTC is money and money is never generated out of thin air.
The site claims to be engaging in trading and mining of altcoins. But this is a big lie. The site is just making money by talking users into buying a worthless coin known as BTG. The cost of this coin is $32. It seems that users will need to purchase a few coins in order to play this alleged game. Once you purchase the coins and start playing the game, you will notice that you have been scammed because you won’t be able to recover any of your initial investment.
The concept is flawed an definitely not making sense from the financial standpoint. So definitely you are going to lose money if you play this game. How you are going to lose it is something we have already described.
To cut a long story short, we are dealing with a business model that is aimed at aligning the pockets of the anonymous scammer behind Bitz free website. This business will never generate money for you because nothing is being sold. Mining of BTC is not happening and definitely trading is not part of the equation.
Bitz Free is clearly a scam. Bitz Free lacks a clear definition of what they are doing, plus they are not proving how they are able to generate the alleged free Bitcoins. So definitely this is total hogwash. If you want to make money as a Bitcoin investor, trade them with these automated BTC trading robots.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
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.