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Coinpoolmining.com is allegedly mining Cryptocurrency and also trading for their clients. Coin Pool Mining also claims that they are the most trusted trading and mining platform that uses S.M.A.T programs to make your money work for you. The website does not definite what S.M.A.T programs are, and so we have no idea what they are trying to talk about here.
There are up to 5 different investment programs on the Coin Pool Mining website. Of course returns do vary. However, one of the plans here is promising guaranteed profits from mining of a Cryptocurrency called B2G. We will get to this later on in this review.
Mining of this strange Cryptocurrency is 100%, meaning that the plan does not include trading into the equation. The other plans seems to be promising 70% mining and 30% trading.
Coin Pool Mining also says that they are guaranteeing profits after an investment duration of 3 months. In the same way, they are guaranteeing profits out of trading which is supposed to be 25% minimum. Please note that this is beginning to sound like a ponzi scheme already because no legitimate Cryptocurrency investment platform can ever guarantee fixed returns in mining of Cryptos. Besides, no fake trust fund should ever lie that they can guarantee fixed returns from their trading activities after a certain duration.
So this clearly shows that Coin Pool Mining is not a legitimate trading and mining platform. At the very least, we would need to consider more evidence that depict their activities in these areas. So far, that evidence is missing.
The question is, even if this platform was legitimately mining and combining it with trading of Cryptocurrencies, do you honestly believe that they can generate 65% per month and that this figure is always fixed at that ROI? Is it realistic and sustainable? For us, this is quite suspicious. These plans make Coin Pool Mining sound like a ponzi scam. For us to prove that, we need to highlight certain facts about the program. But definitely it sounds like a place where people can lose their Bitcoins.
Note: mine genuine Cryptos here.
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We have reviewed hundreds of similar operations before. We have never encountered one platform that gives 40% ROI out of trading or even with mining combined.
In the 5 investment plans, we see that this website is promising to supplement revenue generated from their alleged activities by taking up to 15 trades in the duration of the investment program.
The ”Speed” program promises 3 trades which are supposed to yield up to 35% per month while only risking 5% of your initial investment per trade.
Generally, the higher the risk, the higher the returns and also potential to lose your entire investment. 5% risk isn’t a big risk. And that means if they are risking 5% per trade, they should be able to win most of the trades in order to achieve 35% monthly returns.
So far, we have no evidence that Coin Pool Mining is trading with their clients’ money. We cannot guarantee that these folks will even trade with your money.
The Winner’s program is the most expensive as it demands a minimum investment of $100,000 and above. In this plan, Coin Pool mining is allegedly going to take 15 trades and yield up to 65% per month.
Again, we see that if this platform is really trading, then they will have to win at least 11 out of 15 trades in order to generate 65% ROI. And they are also going to maintain that win rate in order to sustain the alleged ROI, which is the impossible thing in this promise.
In all plans, clients are promised that limited risk will be taken per trade, which is set at 5% of the capital. You don’t want to be fooled on this. As explained earlier, these returns that are being promised by Coin Pool Mining are only possible if they are going to take a huge risk per trade. But it only takes one trade gone bad to lose a large chunk of your investments. It doesn’t matter which trade. The only one trade that will go wrong should make it impossible to even achieve 30% per month. Therefore,40%, 50%, 65% and so on are pure lies.
There is one important point we should be discussing here. Coin Pool Mining is forcing users to purchase a coin known as B2G. To purchase this coin, one would be required to head to an exchange known as Thorex.net (we do not know anything about their credibility and reputation) and buy B2G for real dollars.
Now, investors are supposed to be mining more B2G in this platform. B2G is a product of another scam called bitcoiin.com. They are selling it as a token and claiming that it’s the world’s first self-sufficient Cryptocurrency ecosystem.
The reason B2G is a scam token not worth purchasing is that the coin isn’t backed by any product or idea behind it. Instead, the website only gives ambiguous airy promises around it. Never purchase a coin that has no value to back it up.
B2G is one type of coin that has nothing to back it up, and that means it won’t have any real value behind it now and in the future. If anything, the current value will deteriorate and leave those holding the coins with nothing in relation to what they had spent to acquire the coin.
Basically, Coin Pool Mining is in collaboration with bitcoiin.com to make money while you lose it because you trusted in their ”next big thing” idea. You cannot mine a useless coin at Coin Pool Mining. And you definitely can’t be rich with this program because it isn’t paying.
Scams promise fixed returns in mining of Cryptocurrencies. Furthermore, this one has introduced a stranger coin and expecting the public to mine it. To add more problems into the equation, the scam website is not even registered with the regulators. They have no license for conducting investment operations on behalf of their clients. We can definitely say that Coin Pool Mining is a scam.
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