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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.
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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.
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.
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