Bitsohugeminers Review – Mining Scam
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Bitsohugeminers poses as a new high tech cryptocurrency investment firm. Their website is a clone of high yield investment programs and the narratives clearly highlight that. Owners are obviously maintaining a low profile and there isn’t a single explanation about their legality.
Even Australian authorities have issued warnings against them which tells us in a nutshell everything we need to know. There are other aspects of their narratives which we will expose later in this post.
If you want to know why you need to stay away from crypto scams like this one, we encourage you to continue reading.
How does Bitsohugeminers Work?
This is a billion dollar question. According to their narrative, they are involved with crypto mining and trading popular asset classes. However, apart from a few stock photos, they haven’t published anything to back up their claims.
Technical things like average win rate, drawdowns, liquidity are not discussed. Moreover, there are no third party audits. Also, they are operating illegally and do not have any authority to raise money from the retail crowd. The above sentence means, there is no such thing as security of funds. Once these scammers have access to your money, it is game over.
Support Team and Feedback
There are few contact details on their platform. Sadly, addresses cannot be verified and there is no structure for support. User reviews are scarce and the number of mentions is not significant to re-instill their image in any way.
Lack of clarity along with no social proof is a deadly combination and the wise decision is to walk away whenever you spot them.
Bitsohugeminers: Scam or Legit?
Bitsohugeminers is a scam. They promise returns ranging from 2% daily to over 50% within 3 days. Clearly, the kind of returns advertised is ridiculous and there is no way anyone can achieve it consistently. Think about it, if their approach was so good, why are they offering it to the public instead of making billions of dollars for themselves?
Isn’t the plot too easy to see? This platform appears to be a type of MLM scheme, wherein they may pay few early investors.
However, as time goes on, they will flee away and the damage to investors will be significant.
Conclusion
MLM and ponzi schemes have always been successful in attracting the new unsuspecting crowd. While the temptation of making easy money is powerful, analyse the facts or else it will burn a hole in your pocket.
After all, if anything is too easy, wouldn’t everyone be in on it?