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Payboxsol.com Review: Is Payboxsol Scam or Safe?

Payboxsol.com Review: Is Payboxsol Scam or Safe?

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Payboxsol.com is a Crypto currency cloud mining site which is accepting deposits as low as $20. The site was registered in October 2010 anonymously and has been claiming to mine Crypto currencies for its users without charging maintenance and withdrawal fees. Promises such as these makes us ask a lot of questions. At this moment, we are wondering how mining of Crypto currencies is possible if the investor is not going to pay any maintenance fees. It is just too good to be true, and therefore we have to look at this site critically because their promises are not making any sense.

To start with, Payboxsol is a very weird name for a site that claims to mine Crypto currencies. That name immediately screams the word scam. Besides this, the site is littered with red flags all over. Most of the promises that you find on this site are lies. The site claims that its activities are overseen by Pay Box Solutions Limited. The company is allegedly operating from the address 62 Edgecoombe, South Croydon England, CR2 8AB and they are also providing a phone number for contacting their support as well as email. The company is allegedly registered in the UK.

Pay Box Solutions Limited Cryptocurrency Mining

However, this does not guarantee the safety of using this site at all. Even their user stats which they provide on this website is not making sense or appears to be out of date. For instance, they claim that the site is 3 days old and has generated a profit of $397. It also claims to have acquired over 100 customers. This data has not been updated for a while, which is a trend followed by many scammers who set up multiple websites hoping that people will send money to them and they will make returns on auto pilot. The site is definitely a couple of months old. However, what you need to know is that an admin who does not notice problems with their site is definitely going to provide poor quality support. If you contact them, you are likely to get a delayed response or a thick wall of silence for that matter. Moreover, this site is promising guaranteed stable profits to their miners. This is something that marketers have mastered but one thing you should know is that nobody can promise stable returns in a world where price fluctuations are common in the Crypto currency market.

In Crypto currency mining, you cannot generate stable returns in the long run because mining difficulty also rises. You either make your returns now and think of mining with a company that has invested in more hash power which they can sell to users who want to generate more Bitcoin. In this case, Payboxsol is not even mining Crypto currencies. The site does not convince us. However, they have produced enough proof to suggest that users who send money to them will either lose it or recover part of it because this is clearly a ponzi scheme or a scam altogether. For you to make returns in Crypto currency mining, you should invest with companies that have invested in modern technology with regards to data centers. You should put your money where there is up to date data centers which are well maintained and are situated in a low temperature environment. Some of those Crypto currency cloud mining sites have been covered here. 

Payboxsol review

You don’t have to scratch your head very hard to know that Payboxsol is a scam or worse still a ponzi scheme. They are promising hourly returns which is typically not a common thing to find in genuine Crypto currency cloud mining websites. Hourly returns are mostly found in ponzi sites which only accept money for the purposes of paying a small portion to members who joined earlier and keeping the rest to sustain the scam until they exit the market. The site does not specify how much hash power we can buy with the minimum investment of $20. A genuine Crypto currency cloud mining site should provide the specific details that are related to their mining plans instead of providing vague information which does not let an investor know how much hash power they are buying for the amount invested.

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Also, this site is promising high returns which are typically not realized in legit Crypto currency mining. 16% hourly returns is not possible in genuine Crypto currency cloud mining due to rising difficulty of mining and also fluctuating prices in the Crypto currency markets. There is also the cost of maintenance and that of electricity to factor into the equation. These abnormal profits cannot be realized in this scenario. This is a red flag and an indication that this site does not mine Crypto currencies but is collecting funds for the purposes of scamming internet users.

Why you should not subscribe to Payboxsol

You should not subscribe for the obvious reasons that these guys are not mining. You should not subscribe because the background of the site and its owners is not known. This is a supposed Crypto currency cloud mining sites that is operating 100% anonymously. In this case, nobody can trust them with their funds. Whatever they tell you is almost always a lie. The site does not talk about owning data centers and the exact location of those data centers. Mining of Crypto currencies uses hardware which must be maintained. So if the site claims that they are not charging any maintenance fees, they are definitely lying about their business.

Our best advice for you

We don’t know about you but in our opinion, this is far from real Crypto currency cloud mining. It is something else which is similar to a ponzi scheme. A ponzi scheme is not a legit investment and anybody who takes part as a member will end up losing their money. Only the owner walks away with profits. Stay away from a scam and start mining with a reliable Crypto mining platform. They can be found on this page in case you have no idea where to find them.

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