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Profit Miner is an anonymous Bitcoin cloud mining service whose promises are unrealistic. Therefore, this is one of the reasons you shouldn’t trust them. Of course there are many other reasons. We will be highlighting them in this Profit Miner review.
Profit Miner alleges that they have invested in a special cloud mining algorithm for Bitcoin, and this gives them more profit than most cloud mining companies on the internet right now.
This is quite vague considering that Profit Miner does not go into details to describe what this ”special mining algorithm” is and how it works.
So far, we know that Bitcoin mining depends on SHA-256 algorithm. As it currently stands, there is no other algorithm that can be used to mine this Cryptocurrency.
Therefore, the use of generic phrases to sell a product or service is clearly not acceptable in this case.
Also, Profit Miner is promising an average monthly return of 15%. This is where we should be asking questions. Is this real? And if it’s real, why is it that they are opening their doors to everyone who wants to join them on the internet?
You see, if people are truly earning 15% monthly returns, everyone should be mining Bitcoins with this platform. Competition should be so high that earning 15% monthly returns from their alleged mining pools would be an impossibility. That’s common logic.
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Clearly something must be wrong with this website as we have discovered several other problems. These can’t be ignored unless we are acting on blind faith by throwing our money at something that doesn’t have any form of credibility.
First, let’s dwell on the unrealistic numbers. We feel that this website is taking its audience for a ride. There’s definitely a motive behind this.
As we have mentioned before, it is not possible to earn 15% ROI out of Bitcoin mining. Those profits are quite exaggerated.
There are lots of things that are happening in the Cryptocurrency world at the moment. Several external factors are affecting Bitcoin mining at the moment. That is why attaining 15% per month is just not realistic.
Also, mining Bitcoin is something that does not depend on ”special algorithm”. To mine this coin, you need special hardware or machines that will be capable of finding new blocks within the blockchain every second. There is no special algorithm for mining Bitcoin or any other Cryptocurrency.
We see that Profit Miner is offering an additional 12% profit from their referral program which is up to 5 levels deep. Clearly if you add the 15% monthly ROI to what you will supposedly make with their referral system, that earning potential blows out of proportion. It suddenly looks like a pipe dream. Such get-rich quick scams don’t take you anywhere. They instead eat your money and leave you broker.
There are 4 plans that are being peddled across this platform. To help you see just how much ”profit” you can make with each one of these plans, a profitability calculator has been added.
The minimum investment for purchasing a basic contract here is 0.1BTC. The profitability calculator says that you will double this amount in 24 hours so that you will receive 0.2 Bitcoins the next day. They are also calculating based on a profitability factor of 15%.
As you can see, this website is even contradicting itself when it comes to explaining what profits their investors will earn.
What the profitability calculator is saying is quite different from what they are preaching in the entire website. Clearly something is not right here. We have to treat this problem as a red flag and an indicator that the anonymous operators of this site are scammers.
As usual, scammers must remain anonymous, and that’s a fact that Profit Miner operators have fully admitted on their website.
They claim that Bitcoin is decentralized and anonymous. And for that reason, they should embrace anonymity to protect your assets. That’s the lamest excuse that a scammer has ever given to defend their reason for hiding their face from the people they claim to serve.
You should never invest any Bitcoin or money with an anonymous entity on the web. Of course those who take risks with the desire to lose money should go ahead and ignore this advice. But for the risk-conscious investor, it is stupid taking this risk with someone who does not want to reveal their identity, yet they are in need of your money.
They are renting hardware power by selling contracts here. This amounts to giving investment advice, something that is highly regulated in developed countries.
The reason why this platform is operating illegally is that they are totally anonymous and unlicensed. Regulators would never license their anonymous operations because this is clearly meant to scam investors.
Mining Bitcoins in the cloud is just a story line, and we cannot prove it whether or not this site is really mining Cryptocurrencies.
But we can definitely sense that this platform is a ponzi scheme and nothing else. Cheap ponzi schemes hide behind Bitcoin mining, and will never go an extra mile to reveal their operations to anyone.
Now, one thing is for sure. When you send your Bitcoins to this anonymous entity, it will enter the pockets of a scammer who will then use it to distribute small payouts to individuals. This is to gain their trust. But payouts will eventually stop. The 15% ROI is highly unsustainable. So don’t expect to earn this amount. You will be served with peanuts if you are lucky to get something in return. But do not expect a return from these guys in the first place.
There is no reason why investors should mine Bitcoins with Profit Miner scam when there are legit Cryptocurrency mining platforms that are reputable and really efficient in terms of hardware power. You might want to explore those options here because they have been proven to work.
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4 Replies to “Profit Miner Scam Review: Zero Mining Activities, Beware”
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They never say that they have a new Algo for mining.
They have bot which rent hashrate to the best times in mining of Altcoins…
Ich bekomme seit 2 Monaten täglich die zugesagte Auszahlung i.H. von 0,5%. Die Kritikpunkte in diesem Artikel beruhen auf unbelegte Vermutungen!
Profit Miner is legit, i become daily 0.5% from my BTC investment. Bad research
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