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Mega Mining is yet another notorious bitcoin cloud mining scam. The platform has insufficient information that cannot be used to ascertain there is mining taking place in their site.
The company claims that with the increasing price of BTC, they can make vast returns for their clients.
However, keep in mind that the crypto world has changed tremendously, especially the mining sector, and achieving huge returns is no longer possible mainly for the small scale investors.
The pyramid scheme accepts investors from all over the world. They promise users that they will earn a stable income if they choose to invest in their site. The platform has a section on its website that shows their false latest withdrawals.
The company state that miners can withdraw as little as 0.07 Bitcoin. Additionally, you can cash out your returns daily right into your wallet.
They allegedly have 99.9% uptime in the market and the best time. The pyramid scheme offers users a chance to mine cryptos with the top exchange rate and make the best returns.
The platform offers various mining contracts that users can afford. Megamining.website states that they have the best mining hardware. You only need to register with your BTC address and start receiving Bitcoins.
They allegedly have fresh Bitcoins that have been mined from the block reward. The company assures miners that the only thing they require from them is to select their target hashrate or how much they want to invest and wait for their profits.
Mega Mining states that they are a leading bitcoin mining pool in the market. Nonetheless, they are not featured in the top mining companies in the world.
The platform mining power is allegedly backed up by physical miners. The company assures its clients they will not encounter any hard task when utilizing their services.
You can have as numerous accounts as you please, but you can only have one free account.
Mega Mining claims that they have data centers around the globe. The data centers are allegedly located in China, USA, and Europe, and has an uptime of 99%.
The pyramid scheme guarantees users that their goal is to reduce the bills and increase the mining power; if you have background knowledge in how crypto mining works, you will notice the red flags of Mega Mining at first glance.
Crypto mining associate hefty electricity bills and cooling is also required. The company has not stated how they plan to reduce the incurred expenses. Invest only with trustworthy mining companies in the industry.
Mega Mining claims they are located in the UK, yet the FCA does not authorize their financial operations. They are operating illegally, and their system may collapse anytime, which you will end up losing all your money.
The platform states on their website their office location is at 73537 Ludgate Hill, London, UK, EC4M 7JN. They do not have a telephone number that you can reach them through in case you have any queries.
The support of Mage Mining can be contacted through their email, [email protected]. The company is operating anonymously as the founder, and their team is unknown to the public.
Stay away from anonymous platforms; the only reason they observe this level of anonymity is to ensure the law does not catch them.
Mega Mining urges miners to upgrade to premium to increase their affiliate commission and mining speed. The minimal amount that they accept for you to upgrade is 0.01 BTC. The platform has four mining contracts ready for those that fall for their financial narrative.
The Crab plan offers users 0.009 Bitcoins, a 30% referral bonus. The returns per minute are 0.00000200 BTC, which amounts to 0.00288 BTC daily.
The second plan, which is the fish, promises miners a total of 0.09 BTC. It has an affiliate bonus of 40%, they guarantee you will get 0.00002100 Satoshi per minute, and 0.03024 daily.
The total returns that you will get from the Shark plan are 0.35 BTC. Per-minute, they promise you will attain 0.00021000 BTC and has a 50% affiliate commission.
The Whale plan offers a 100% referral bonus, 0.00126000 Satoshi per minute, and 1.8144 BTC per day. If you logically examine the returns that they promise users, they are way too high and do not make sense.
Be wary of mining companies that promise users ridiculous returns. Mining platforms use the nativity of traders to exploit and steal their funds.
Mega Mining urges its already existing investors to invite relatives, friends, or any other community to increase their earning chance.
They state that your deposit doesn’t need to fund in their system to start earning from the referral. The Ponzi scheme has two affiliate membership.
For the standard membership, you only need to share your referral link with those that you would love to invite. Once they deposit money in the platform, you will automatically receive a 10% commission.
On the other hand, the only difference between standard and premium membership is that the commission is higher. In premium, they promise investors a 20% bonus.
Pyramid scheme thrives by ensuring they have a top-notch marketing strategy; this is why you will encounter so many false reviews and marketing content online.
Usually, they use videos, adverts, and written content to advertise their fraudulent activities. However, you will notice that they do not have proof of payment. They want you to invest blindly into their system, which you should question.
Megamining.website, just like many Ponzi schemes they have a testimonial section which its main aim is to confuse traders and appear to be a transparent platform.
Unfortunately, the reviews are fake, and if you fall for this marketing strategy, you will lose your funds. If you are keen enough, you will realize that the testimonials are cherry-picked, and there is not even a single negative review.
Mega Mining use stock images and fake investors’ praise on the site for their services. We did note a significant red flag, there is one review of two different clients, yet they are using the same profile.
This should tell you how far the Megamining.website will go to try to convince you to deposit funds in their site.
You will notice that there is no proof of payment attached to the testimonials; neither are there links to any social media profile.
Megamining.website is a pyramid scheme that targets novice investors, no expert miner would engage with this company. Keep off this platform as nothing great will come out of it.
The platform has a high Alexa ranking of 102,777. The majority of its traffic is derived from its affiliate marketers. The registered domain name of the company is Megamining.website; the registration took place in January 2018, in and will expire on January 2021.
Megamining.website is a Ponzi scheme that claims to offer investors simple, trustworthy, and affordable cloud mining services.
Sadly, all their claims are bogus and misleading. The company states that its main focus is to offer its services to as many investors as they can in the globe.
You should do thorough research before you invest with any company. There are legit mining companies in the industry that won’t compromise your funds.
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