Litecoin Brothers is supposedly a cloud mining platform for Litcoin. In addition to that, it claims to operate like an online Litcoin wallet. Before you consider mining LTC on this platform or even store your precious coins with them, you need to know what the community is saying regarding this investment opportunity.
While still at it, many people prefer mining Bitcoins since they believe that it is the most preferred Crypto currency. However, there is a trend coming up these days where some investors choose to mine less popular Cryptocurrencies and then converting them into Bitcoin. This strategy works because there is less mining difficulty in Litecoin compared to when you mine Bitcoin. So at the end of the day, you should be able to earn more.
Litecoin Brothers might appeal to investors because of this concept. But it does not mean that it is legit. In fact, when we analyze this website carefully, we fail to find satisfactory explanation on why we should trust them. There is zero customer feedback on this service. This will be the first review ever done by a blog about this service. Even if we wanted to endorse this service, we are afraid that this action would mislead many of you who are reading this post now.
All in all, we will try and approach it in a professional manner while addressing the most important things concerning the website Litecoin Brothers.
Note: Please pick these Crypto currency cloud mining sites because they are legit. You can even mine coins with less mining difficulty before converting them into Bitcoins if you like.
Litecoinbrothers claims to be a new and innovative project dedicated to working on investments in environmental renewal. This explanation does not make a lot of sense. But we will use our best judgement in order to figure out what the site is trying to say. They are essentially suggesting that Litecoin Brothers is using renewable sources of energy to mine Crypto currencies. This is supposed to enable them mine Crypto currencies without inflicting damages to the environment.
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The question then becomes: where exactly are these data centers? It is important that this website should show pictures of their data centers because most people want some sort of evidence that the site they are trying to purchase hash power from has data centers. Although pictures cannot be considered valid proof that the site owns data centers, it is generally an acceptable thing to include pictures and even videos showing data centers or mining facility.
So far, Litecoin Brothers has just made claims which we cannot confirm as truth. Our recommendation is that they should work towards building trust and confidence among the clients whom they target. As it currently stands, their claims are unverified, and many people who approach them do so with some doubts.
When we look at the stats on this site, we find some numbers where the site depicts that they have some 700 users who have invested into the system and received payouts. It’s one thing to list down such numbers but it’s quite another to prove that these numbers are real.
We have reviewed a number of similar sites before. Their owners usually use such numbers to fool victims that their service is popular even when its not. The other indicator would be whether there are reviews or people talking about the site on investment forums.
There is a link to their Telegram channel on the homepage. This Telegram channel has 59 members only. This gives us some good clue that Litecoin Brothers does not have the alleged numbers. This is in agreement with the observation which we made while trying to find out if people were talking about this site elsewhere on the internet.
This is one of the things we are looking for when disqualifying these sites. The less popular it is, the higher the chances that people do not trust the site and it is a scam. Perhaps we could give it some time to see whether things will change so that people will begin to warm up to the idea of mining LTC with this site. But it is not likely.
There are seven of them. These investment plans pay 2% for 200 days and up to 60% in 30 days. The basic plan is free to get started with as it does not require any upfront payment for investors to start mining. However, the rest of the plan costs some money in order to get started.
The idea is that when you try Litecoin Brothers using this basic plan, you will be enticed to upgrade into one of the premium plans in order to earn more. Again, this is a trend that is very common with scam Crypto currency cloud mining sites where they tell victims to upgrade so that they can receive a payout. But when these victims send money in anticipation that they will receive their funds, the scammers ignore them afterwards.
We hope this will not happen to you because this seems to be the route that Litecoin Brothers is taking. Also, there is some mystery which surrounds this service with regards to ownership, their location and their ability to mine Ltc. You see, ownership info has not been revealed. They don’t even say whether they are a company or not. Even if they were a company, they would still introduce their members or the technical team that is in charge of the operations of Litecoin Brothers website.
This has not been done so far. The same thing applies to their location. The site is anonymously operating on the web because nobody knows where the owner is located at.
Litecoin Brothers might just be another ploy to steal funds from naive internet users. Before you think of mining Ltc with this site, you should ask yourself whether they are a real mining website. Otherwise, just sign up with these highly recommended ones.
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