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Howellbit Scam Review: 745% in 5 Days is a Myth

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Howellbit Scam Review: 745% in 5 Days is a Myth

Howellbit Review Update 2023: Another Ponzi scheme that managed to blow investors’ money away within months of opening shop

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In this review, we will explain why we think HowellBit has nothing to do with Bitcoin mining but has everything to do with a ponzi scheme project. The first thing we are seeing is that HowellBit is pretending to have designed their own ASIC miners and are able to generate more profits than any other mining company in the world. They are supposed to generate more than 100% returns per day, something that we cannot agree with because these returns are unreasonable to start with.

If HowellBit was really making these profits for their members, everyone would be rich now. We would be coming across their feedback on forums like BitcoinTalk. The problem is that HowellBit is yet another ponzi scam that has nothing to do with Bitcoin mining. They are even using a very basic hyip script which is popular with scams of this nature.

So one thing that people who are doubting want to know is whether the supposed Cryptocurrency mining company actually has modern ASIC devices and are truly mining more Bitcoins than anyone else. That is the question we will be addressing below.

HowellBit Review

The reason we say they are pretending is because there is no evidence to suggest that HowellBit owns any ASIC devices and are actively mining BTC. What we are seeing on the homepage of this website is promotion and nothing else. This promotion is backed by countless claims which cannot be confirmed.

At some point, they even tell their audience that HowellBit yields 3.5% per hour and the minimum investment is $10. 3.5% per hour is unbelievable and unsustainable. There is no legit Bitcoin mining company on the internet that is giving such returns. We have been participating in BTC mining for some time now, and we can assure you that even the best Cryptocurrency mining platforms out there have not given us 3.5% per hour.

Currently, BTC is stack at around $8000 price. Most miners still mine because they believe prices will skyrocket some time in the future. Based on what we have seen Bitcoin doing in the past, this line of thinking could make a lot of sense. So yes, Bitcoin mining can still be profitable and there is a great potential to make more money if investors decide to trade it as well.

But anybody who says that they can make 745% in 5 days is definitely a scammer. You see, this kind of return has never been achieved even with the most efficient Cryptocurrency mining hardware. This figure is too high. We never saw it when the price of Bitcoin was so high last year towards December. So we do not believe that HowellBit can achieve something that people have never achieved. To us, this looks like a money grabbing scheme since they have failed to give us a satisfactory explanation of how they are able to generate quick wealth in such a short duration of time. It doesn’t make sense.

howellbit

How reliable can this site get?

If you continue to browse through this unsafe site, you will come across promises that say HowellBit is the source of passive online investment and that the site is extremely safe as it meets modern security standards. The question is, who is the thief in this case? An outside hacker or the admin himself?

Well, most of us know the answer. The outsider can never steal your coins in this case. The person stealing your coins is the owner of the website. Despite all the promises about how safe this site is, we do not believe that these features will ever contribute in any way to safeguard your funds.

There are also claims that HowellBit is here for the long term, and so they need your corporation for the long term as well. You must be aware that this site is a cheap ponzi scheme and there is no guarantee that it will exist tomorrow or even the day after that. We have seen hundreds of similar sites before. They never last more than 6 months. We don’t believe that HowellBit is about to become an exception.

A registered but illegal company

They have given us their England registration number to show us that they are registered as a company. Nearly all ponzi schemes are registered in the UK. But this never stops them from scamming internet users. This is therefore something that cannot guarantee your safety no matter what.

What could potentially guarantee your safety is the presence of a regulator’s license. This website does not have one. All ponzi scams can never qualify for one as well.

They say that they will mine for us. Their profits are super crazy. In other words, HowellBit is operating like a hedge fund where people pool funds together so that the money can be invested into something.

Anyone wanting your Bitcoin in pretext that they will make a lot of profits on your behalf is a scammer. We can see that HowellBit is fitting this description very well. They cannot be trusted when it comes to funds going through their hands in form of Bitcoins.

The truth

There is one truth that HowellBit probably doesn’t want you to know. The truth is that they are not mining any BTC. They do not own mining farms, and definitely the ownership of modern ASIC miners is a myth.

What they do is to collect as much as they can so that they can enrich their pockets and disappear. Even if you get a payout from this website, it won’t be in the amount that you agreed on.

However, rest assured that these sites never pay 99.999% of the time. It is not in the interest of a scammer to pay you anything. They want your money and that’s it.

Our best advice for you

HowellBit  is an obvious Cryptocurrency scam based on what we have seen and analyzed. There is no exception. You send them Bitcoins and you lose the fund. You don’t want to come back here crying or complaining that you lost whatever amount to this site.

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