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Blaze Cloud Mining Update 2023: The platform ceased operations and failed to release funds owned by investors.
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Blazecloudmining.com is a site that allegedly mines Bitcoins in the cloud. They have a range of plans with minimum investment starting at $75. The site claims that their team has cooperated with industry leaders and now they are able to access advanced mining technology. Blaze Cloud Mining also claims that they are the world’s leading cloud mining service. We do not concur with these statements because already there are a couple of reputable Cryptocurrency cloud mining sites which came into the picture long ago even before Blaze Cloud Mining was discovered.
Blaze Cloud Mining also claims that they are granting loans to SMEs. However, it is not clear how this is done because the site doesn’t give us much information concerning how it works and how individuals must go about it to obtain the loans. Immediately after this promise, we see Blaze Cloud Mining urging users who have Bitcoins lying somewhere on their wallets to invest them in Blaze Cloud Mining’s pool so they can earn guaranteed daily returns.
Now, this does not make sense. Initially they claimed that they were granting loans to small medium enterprises. Along the way, they start hustling investors for Bitcoins which they allegedly say will be pooled together with other members’ funds.
We do not believe that this is true. In fact, the issue of giving SME loans is totally out of place in the context of a Ponzi scheme that masquerades as a cloud mining operation.
You want to find out more about Blaze Cloud Mining? Please read the next sections of this review.
We start with who they are and what they do. According to the site, Blaze Cloud Mining was created by professionals to allow equal access to industry quality mining resources. They are also mining Bitcoins on behalf of their investors, meaning that you can allegedly purchase hashing power from them.
The site goes on to mention that their data centers are located in Georgia and Iceland. But in as much as this information is given to us, it cannot be verified one bit. These days most scam Bitcoin cloud mining sites will claim that they have data centers in Iceland and Georgia. But when asked for proof, they will not respond with a substantial amount of information. In fact, they won’t give you proof at all. Blaze Cloud Mining is one of those sites where claims cannot be supported by any facts.
As it currently stands, we cannot verify all claims that have been made by this shady website, starting from their cooperation with industry leaders to the alleged use of advanced and cutting edge cloud mining technology. Nothing can be proved.
You can be sure that this is yet another financial fairy tale where people are promised stable and guaranteed returns. In fact, the site claims that returns are generated fast due to their advanced and dedicated mining technology. We are not about to believe this cheap lie.
They are also claiming that Blaze Cloud Mining uses green energy. As you probably know by now, this site makes one claim after the other. With this one too, we cannot verify whether or not they use green energy. However, it would be foolhardy to believe them on this one especially now that we’ve found a bunch of lies on this site.
Blaze Cloud Mining has a section of their site that is allegedly dedicated towards news streaming. The problem is that this section of the site is not functional. It cannot be clicked to read the news and it certainly does not get updated. It is instead filled up with dummy text. Perhaps this would reinforce their unprofessional nature given that scams do not have much time to present a convincing website. They are here today and gone by tomorrow.
Also, when looking at their testimonial section, we can’t help but think that this is fake information. As the slider scrolls from right to left, we can only see pictures of alleged users that look like stock photos. These are accompanied by generic statements that seem to praise Blaze Cloud Mining user experience and the way they pay out profits. It’s all fabricated. We cannot trust unverified user feedback.
There are 2 plans in total. The first one promises 114% and the second one promises a whooping 300% return.
If you use ‘’accumulations plus savings’’ which is another way of saying ‘’reinvest into a scam’’, Blaze Cloud Mining will promise you 114% in 24 hours. In the real world, this is not possible. But of course it’s only possible in the world of scammers.
300% in 5 days is utterly ridiculous. Even their referral commissions are equally ridiculous. There is no way a scam of this nature can reward you with 35% of deposit. That is too high and unrealistic.
If you think this website will make money for you, be sorry for yourself. They don’t certainly make any money for anyone who decided to send Bitcoins to them.
Blaze Cloud Mining does not seem to mine any Bitcoins. In fact, there is zero economic activity. But they are collecting funds from members of the public anyway.
It therefore means that Blaze Cloud Mining is a Ponzi scheme that is doomed to collapse. Ponzi schemes have a difficult time proving that they mine Bitcoins and are paying their members as promised on their site. They have a difficult time answering certain questions like where their data centers are.
No matter how attractive the scam might look like, we are 100% convinced that the operators of Blaze Cloud Mining are a special breed of lazy scammers who are definitely hoping to get funded by gullible investors chasing wind. This site is highly untrustworthy. If you choose to ignore this piece of advice, you should do it at your own risk. As far as we know, these sites are the only legit Cryptocurrency cloud mining websites.
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