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Mine Bank Review Update 2023: Another platform that promised cloud mining investment solutions that never materialized.
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When we talk about mining of Bitcoins, we mean purchasing hashing power from a platform that actually owns data centers and rents their resources to those who would like to mine Bitcoin. Therefore, when a basic scam site like MineBank claims that they are mining Bitcoin, the next question we would ask them is where is their data centers and what other evidence can they provide with regards to those claims? Mine Bank is actually a different thing. We are 100% convinced that Mine Bank is far from mining any Bitcoins. They are a ponzi scam which is why the website doesn’t even require you to register in order to ”earn”. How weird?
We do not want to believe that Mine Bank is mining any Bitcoins. The reason is because it is quite evident that the main activity here is that of collecting Bitcoins from members of the public and pocketing them. There is no mining at all.
The biggest problem with a website like Mine Bank is that it is not transparent and definitely won’t give you the information you are looking for such as how hashing power you can get for a particular sum of money. Instead, they will quote the daily ROI and the minimum deposit which they are accepting. Truth is that scams like Mine Bank accept any amount of money sent to them. Even if you sent Bitcoins worth $0.001, they would accept it without a refund later on.
The plans which we are seeing on this website are suggesting that Mine Bank is a ponzi scheme. They resemble those of a ponzi scheme because ROIs are too good to be true. We could become rich overnight with this website only if it was real. The problem is that it can’t be real. The admin of the site is actually the one looking to enrich themselves with your coins. You have to watch out for these criminals. Perhaps these accusations sound like mere accusations and nothing serious. We want to discuss the site in details below. Here we go.
With a very basic mining script that has deposit and fake withdrawal function, Minebank hopes to make things simple enough for the newest person in this industry to deposit. With copy-pasted FAQ section that literally adds zero value to the website, the admin hopes to answer some basic questions to get you started into their ponzi scam. You are not part of them. You are just a victim as we will elaborate later.
There is no terms and conditions page, meaning that the admin of this site is trying to avoid all forms of accountability. There is no agreement you are making with this website. In fact, since the scam doesn’t even require you to sign up with your name, email or phone number, purchasing the so-called investment plans from them will not be considered a contract. By doing so, you will be putting your money at great risk because these guys are scammers who have no intentions of making any refunds.
This mining script is offering a fake free mining plan that is already counting coins for you despite not having an account with this website. The question is, what mechanism is this scam using to identify who owns how many coins etc.
Since this question has no answer, Mine Bank proves that the coins which they are trying to count for their internet users are fake and cannot be withdrawn. The basic ponzi script does not consider this a dead giveaway. There is no free mining of Bitcoins. Mining resources are scarce. No legit company can offer free mining to anyone.
They claim that Mine Bank is offering instant deposit and withdrawals. This is half the truth. You can deposit Bitcoins instantly. But you cannot get it out of their system because this is an anonymous bitcoin wallet owned by anonymous internet scammers. Is that really simple to understand? Definitely.
At this point in time, you should deduce that Mine Bank is a blatant scam. Apart from returns being so high and unrealistic, the site does exhibit many red flags that are hard to ignore.
100% anonymity suggests that MineBank is not transparent. Since they are asking for your funds, it means they have a second agenda which will always result in you losing the funds.
Even if we were confident, MineBank would still not convince us about their operation since they do not have a contract in place. There won’t be any evidence that you sent Bitcoins to them. This is clearly a way of evading responsibility.
Basically, this site is the front office of a scam operation. The main job of this script is to collect as much Bitcoins as possible. There is no information about the site. The owners are anonymous. Their operations are equally anonymous. Even details such as location are missing as well.
Will you trust a site like this? It’s hard to do so. Even if we wanted to trust them, those red flags would be too obvious. The risk would be too big to ignore. Since Mine Bank has made it clear that they are not mining or trading, we should never proceed to fund them. If we ignore these signs, then it would mean that we are donating our hard earned Bitcoins to strangers on the web. It would seriously jeopardize our pursuit to seek financial freedom. Please avoid this website like the plague if you want to spare yourself from disappointments.
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