…only if you put money in…
So my investment in Bitminer has paid back about 40% of the initial capital but now I’m trapped by IPV – Instant Payout Value which is never fully explained on the website, so they are saying 10 days till payout at least, so every day I’m now just withdrawing what it makes and I’ll update you in 10 days or more if I don’t receive payments.
If no payment comes by 20 days they will be reported to trading standards as they are a UK based business. Although the owner seems to be a Spanish resident. Although they have a payout list I can’t see one large payment to anyone which makes me think they have no top level investors.
My verdict at the moment is it’s probably a scam of misinformation, where they give you enough information to get hooked, but not enough to actually work out what is going on, I expect they have thousands of free users and hardly any paid users – I’m at 1.2. So at the moment, do the free thing, yes, get some BTC for nothing but I would keep away from putting more than the basic amount of money in, at least until I’ve confirmed there are regular payments out.
Bitminer you have 20 days, after that it’s going to UK trading standards and if you are in Europe (we’ve not quite left yet), I’m sure they’ll be VERY interested in seeing just how much money you are fleecing!
What’s clear is I am pretty sure no mining is going on, there are quite a few mining calculators on the web and none of them based on my investment would return that amount of money. When I’ve built up financially enough rewards to make it worthwhile I’ll go visit their offices in London and see if we can track anyone down.
So new things in testing NewWorld-Bank with it’s smart CTO who seems pretty friendly and another site which was really quite boring has already paid out on my investment but I want to see it through for a few days before I report it on here.
Note that I actually put money into these sites (not a lot!) to see if they reward people who pay!
Here are my pending payments, basically whenever I hit 0.0050000 their base level I withdraw.
Here’s the current queue so I’m expecting payment after the 26th but remembering I’m continuing to add to this list every day it could get quite long!!!!
There’s nothing a Bitcoin person hates more than the word PENDING
Yeah, it’s got the scam award