Those “cloud mining firms” are Ponzi Schemes and investing in them has most likely nothing to do with really investing in cloud mining. So you invest in nothing sustainable but in a scam that just lives as long as people keep investing. There is a certain name for such websites, which is called Bitcoin High Yield Investment Programs (HYIP). Something very obvious which separates those programs from real cloud mining companies, are the extreme high profits they promise, like a couple of percentages daily. Sometimes they even state high hourly profits.
Founded in 2o11, Bitfury has mostly remained the seller of crypto mining equipment regardless of its venture into the blockchain technology businesses. The London and Amsterdam-based firm earned a promising $450 million annual revenue as of March, during the crypto boom period which saw thesales of ASIC and GPU mining gears rocketing up. After an extensive bubble correction in the crypto market this year, the revenues declined hugely.
Operators generally set up a website offering an "investment program" which promises very high returns, such as 1% per day (3678% APY when returns are compounded every day), disclosing little or no detail about the underlying management, location, or other aspects of how money is to be invested. The U.S. Securities and Exchange Commission (SEC) has said that "these fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' (HYIP's) The fraud artists … seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs."[1] In 2010, the Financial Industry Regulatory Authority (FINRA) warned that "[t]he con artists behind HYIPs are experts at using social media — including YouTube, Twitter and Facebook — to lure investors and create the illusion of social consensus that these investments are legitimate."[2]
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Tiger Forex Limited is a virtual currency and foreign exchange trading company.company is registered in United Kingdom.we pass tireless analytical work, highly qualified specialists of different profiles: traders, analysts, experts on the global economy, managers, developers, programmers etc. well-coordinated work of the whole team of employees, based on the interaction and responsiveness to the ...
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Splitt.co is a new cryptocurrency cloud mining investment site. Affiliate reward is 3 levels deep, paying you 4%, 2%, and 1%. Minimum deposit is 0.001 BTC. Each plan is valid for 35 to 60 days. Check your dashboard for balance every 24 hours to 6 hours based on plans. See the plans for details. Our cryptocurrency mining locations are spread throughout the world, like in Russia, Malaysia, Singapor...
10 DAYS PROFIT LTD. Is a private online investment company that has been legally registered in the UK. (Company No.10733106) Our company provides its website as a service to its present and prospective clients to make investments online and gain daily stable profit. Its aim is to provide a secure and stimulating investing environment for all its users. We wish to build a mutually beneficial and long lasting business relationship with all our clients. We work in the field of Bitcoin trading, Cryptocurrency, forex, and real estate investment. We have realized many of the profits in these areas and we want to expand our investment in Partnership with our members from all over the world. We have a team at the highest level and professional in the previous fields also our company has a reserve capital to manage all risks well.
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Yeah. I checked it through Wikipedia. Here, I realized HYIP is one type of High risk program. But, I found the exact solution to reduce the risk. Nowadays, you can accept as true who run a HYIP site with the bitcoin HYIP script. Also, this site must have a bitcoin gateway to transfer your money. Accordingly, the bitcoin is supportive to save you from scam.
A SAFE INVESTMENT? WITH US, IT IS A REALITY! BTC Finance Ltd is a powerful conglomerate of high technology digital currency trading and professionally trained Bitcoin traders, which is able to create a new reality in the world of exchange transactions and investments.investment project is a product of careful preparation and fruitful work of experts in the field of Bitcoin mining, highly profitable trade in cryptocurrencies and online marketing. Using modern methods of doing business and a personal approach to each client.
HOUR LTC LTD is a London based international Crypto trading consulting agency that specializes primarily in Stock trading, Crypto mining, debt and anti-crisis management, investment brokerage and real estate management services to private and institutional investors, individuals and businesses in distress. The agency operates through a vast network of freelance financial consultants, investment managers, individual traders, venture financiers, microfinance institutions, and other independent contractors.
WELCOME TO THE REDWOOD SUPPLIER (UK) LIMITED The Redwood Supplier (UK) LTD is one of the largest Wood processing companies, delivering the wood from Finland to Europe. We have been servicing our clients since 1995 and we are expanding our market share to this day. Our exclusive location brings us an opportunity to work with clients anywhere from the coast of the Norwegian Sea to the shores of We...
10 DAYS PROFIT LTD. Is a private online investment company that has been legally registered in the UK. (Company No.10733106) Our company provides its website as a service to its present and prospective clients to make investments online and gain daily stable profit. Its aim is to provide a secure and stimulating investing environment for all its users. We wish to build a mutually beneficial and long lasting business relationship with all our clients. We work in the field of Bitcoin trading, Cryptocurrency, forex, and real estate investment. We have realized many of the profits in these areas and we want to expand our investment in Partnership with our members from all over the world. We have a team at the highest level and professional in the previous fields also our company has a reserve capital to manage all risks well.
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