Red River Review: A Brand-new BTC Mining Scam

Red River Review: A Brand-new BTC Mining Scam

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Red River is a Bitcoin mining scam that wants to rob you in broad daylight. The site, which is hosted on this domain is claiming that they are giving away free 250 GH/s of hashing power to their investors. Red River also claims that they are utilizing an ”innovative” investment strategy which allows them to generate the most Bitcoins out of their mining efforts. The site actually claims that they will generate 12% per day out of mining.

After studying it for a while, we have objections. The first question that we should ask is whether 12% per day is possible in any kind of mining contract. Beside, how come that Red River is offering free 250 Gh/s of mining capacity? These things don’t make sense for the simple reason that even the most popular Crypto currency cloud mining companies are not generating anything close to 12% per day. And they are certainly not giving away any free hash power. So this definitely has to be a too good to be true promise.

We do not trust Red River and any of its investment plans. To learn more, continue reading this review of the Red River website.

Red River Review

This website is the property of a company known as Red River Investments Ltd. This UK company was incorporated on the 29th of December 2017, and is registered under the category of Information Technology Consultancy. First of all, we see that this platform is claiming to offer virtual mining of Bitcoins. The company behind it should have been registered under the category of investment activities. It is actually not clear why they chose that category.

However, that is not all. You see, a company status means nothing about your investments with the site. Anyone can start a company in the UK because it’s cheap and it’s never regulated. A registered entity only makes it possible for the operators to submit their tax returns and does not in any way guarantee that the company is taking part in legit business activities.

So Red River is just trying to build its credibility by taking advantage of a company status. This is not any useful. There are several ponzi scams which are operating as companies in the UK. Once you know that fact, you won’t feel secure just because this site is backed by a company.

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Unrealistic returns

In real mining of Crypto currencies, even a 1% daily return is never possible. Returns are so minimal these days. Those who choose to trade Crypto currencies may benefit the most because in trading, there is more profit.

red river review

The thing is, 12% per day is a nonsensical ROI which has never been achieved in mining of Bitcoin before. This site is not going to be the first especially after seeing that it has a dubious reputation. If anyone says that they will generate 12% per day out of mining, you better stop thinking that you can do business with them. Unless you want to get scammed, don’t trust such a person or entity.

Red River is actually misleading visitors with false returns and promises. And we can guarantee you that no such returns have ever been realized in Bitcoin mining. No need to give them the benefit of doubt.

The site is also lying that investors will get 100% of their investments in 10 days. That sounds like a big lie especially when we consider the fact that 12% per day is not possible. There is no legit business that is offering 100% returns in 10 days more so when you think of mining. This is a big fat lie and you should never believe in similar promises. They are misleading.

An illegal company

As we have said before, Red River is an illegal company because it is operating in the UK, targeting UK residents and operating without the authorization of the FCA. The FCA needs to be notified about the existence of Red River because the company is offering investment advice, a service that is regulated in the UK. Anyone who wants to provide investment advice in the UK must be registered with the FCA. There is no shortcuts.

So that means Red River Ltd is not a genuine company. The motive is crystal clear. The website is now popular but that will not last more than 6 months from now. The anonymous owner will do a runner with people’s funds. We are a testimony of what will happen a few months from now.

The truth

The truth is that nothing can be trusted about Red River. The company is registered in the wrong category and their projected daily ROI does not make any sense. This is called a high yield investment program, and they are never fruitful at all. All of them are scams, and there is no exception. These returns are not supposed to be generated at all because neither mining nor trading is taking place in the background.

In the example of this website, we can confidently say that they are not mining Bitcoins. For that reason, they can tell their investors anything. Without proof of mining, one can never be so sure that a high yield investment program is mining.

This leaves us with the last option – ponzi scheming. The site does not show that ROIs are generated anyway. They also don’t give us proof of ROIs being generated externally. When you come across a site that does not give this kind of proof, it means that the website is not transparent and honest. It means that you are looking at a dubious Crypto currency operation.

What is more, the owner is anonymous, and that confirms that Red River is simply an exit ponzi cam. You can never trust an anonymous person to mine Bitcoins for you. That would be foolish.

Our best advice for you

It is clear from the above discussion that RedRiver is a no go zone for serious investors. If you truly want to make money, follow the links we gave above which will take you to the respective pages where real trading and mining is happening.

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