The mining calculator is basically just a joke. This is as abvious a ponzi as we have ever seen.
Smart, also means sting. This scam is the sting interpretation. Just fake mining.
Depositing funds to a scammer is the only good bit. It's all downhill from there.
Another genius title from this 'challenged' hyip fraudster. They think you are stupid.
Where this site was authored, probably is a Hash-hub, or dealer as we like to call them. Don't send this scammer your bitcoin eh.
If you thought this was real mining, think again. Just another shyster.
Anybody can create a website offering stupid returns on Investment, and anybody does. These are not real.
As a rule, if the author of a Cryptocurrency Site, calls them 'Criptocoins', then you are safe to conclude that the halfwit behind the site, is most certainly trying to scam you.
This hyip scam is just as obvious a fraud as you may have already guessed from its crappy title.
The title seems to have been chosen to suit the hyip template. Beyond that, this hyip fraud makes no sense whatsoever.
Bitcoin doublers are really simple things. You send bitcoin to the anonymous site owner, and then wait, and keep waiting. Doh.
This is no 'Business System' this is pure ponzi, run by people who want to retire from your losses. Don't get sucked into any ponzi, they are all shite. Just do the maths, and run away.
The 'M' must be for Mug! You aren't an Investor in this hyip scam, you are just a Mug, sorry.
If there were a prize for the worst named scam, this would be in the shortlist. Has the World got so short of words, that someone thinks Denarlion is a good word?
Bitmex The biggest place to trade.
Tip of the Week - Get Involved!
Run a Full "RaspiBolt" Lightning Node with Pride!
If you can spare around $100 for the Hardware, and a few dollars more of bitcoin to fund it, then why not really get involved, and at the same time, really improve your understanding of not only bitcoin, but so much more.
The Lightning Network is growing fast, currently in excess of 1000 Btc capacity. Lightning enables micro transactions of bitcoin, for say buying a Coffee from Starblocks, or some cool Stickers from Blockstream, without bloating the bitcoin blockchain with this unneccessary data.
It works very very well, but we all need you to become a part of it. Bitcoin is YOUR Means of Exchange, help it grow
You need a Raspberry Pi single board computer, and an external HDD 500GB or more, an always on Internet Connection, and a desire to learn. Everything else is in this setup guide from @Stadicus.
RaspiBolt Setup Guide by Stadicus
Check out our own node on 1ml.com Badbitcoin.org.
What is a Ponzi or HYIP?
Ponzi is any scheme which pays interest to "Investors" from Bitcoin coming in from new Investors. A
HYIP (high yield investment program) is just a Ponzi. All Ponzi/Hyips will fail. The later Investors will lose everything when the scheme folds and leaves with the Bitcoin.
Most HYIPS and doublers etc, just steal it immediately. You send it and they keep it.
Due diligence is your own responsibility.
There are plenty of good sites out there where your Bitcoin and your work are safe. You just need to do your homework, including checking here. If it isn't in our Badlist, email us, and we'll check it and get back to you.
psychology behind the typical ponzi’s & HYIP's run by the
“professional” scammers. They know most people will do this.
You deposit a small amount, you want to be cautious, you can’t quite figure out how they do this – but they sometimes double it (or pay promised interest) and pay you.
You think – Ah that’s great, so you either redeposit the entire amount, or just your profit. You get that back and think wow, it works, so then you deposit a much larger amount and in the worst case, even get your friends and family involved in this wonderful money making scheme.
Then one day, after not long it just doesn’t get returned – there is some issue with your account, or your withdrawal is stuck or something similar, so you keep emailing the site and gradually it dawns on you that you’ve been scammed. Commonly the scammer will even show you the transaction, but it just isn't real.
Even if you just put your initial profits back in, the conman hasn’t lost anything – and the depositors who think they are ‘playing’ the ponzi, by getting in early, do try that, and most of them don’t get it back either. People who run Ponzi's are thieves.
Some people empty their life savings into these scams, and they are the ones the scammers are really after. Once they get that big depositor, they move on and create a new ponzi, just leaving the old one alive for a while to mop up any new ‘mugs’ Some even return after a 3 or 6 month absence to catch a fresh load of hits, they will never run out of victims. It’s what they do, and they are expert at it.
The Badbitcoin Project
Exposing bitcoin and cryptocurrency frauds since Feb 2014
If you have never read it, then a great place to begin your bitcoin adventure is by reading the very short original White Paper, from Satoshi Nakamoto. This
explains the concept of bitcoin, and why so many of us work so hard to progress this disruptive technology.
When you understand the potential of bitcoin, you will also understand why so many people want to steal it from you. The future value is much debated, but with consensus saying that it has a very long way to go, before becoming any kind of bubble.
Bitcoin is not a ponzi, and is not a scam. It's value is derived from it's raw cost of production, and it's value as a functioning token of trade, and store of value. The blockchain is supported by the transaction fees (or at least it will be when all the bitcoin has been mined) You can help propogate the network, and have a local wallet by running the bitcoin core software, available from Bitcoin.org. This will run a Bitcoin Full Node on your computer - don't worry, it's safe!
There are some legitimate investments out there, and some great casino's, places to earn and spend, and a lot to explore, but be careful, and if in doubt, don't send your bitcoin.
We aim to expose the sites that deliberately set out to defraud you, and list them before they can do too much harm, however, there will always be some of you who choose to ignore our advice, and there is nothing we can do for you beyond warning you. If it is in our badlist, it is an intentional fraud. You have been warned.
This project is 100% dedicated to Cryptocurrency. All our revenue and spend is now sourced entirely within this Industry, and we aren't just about Bitcoin, we cover all the main Coins. Bitcoin (BTC or XBT), Litecoin (LTC) etc. We no longer investigate faucets as these would need their own site.
Bitcoin donate 3GPcm7BcqT938ftPws37yyFQpd7W4pfmix
Litecoin donate MLjRjB5DkA56dTfN7UAbvxypogrY4wmFhb
No BCH PLZ lol.
You will no doubt come across negative comments about this project, but understand that this is the scammers only route to fight back, and a great
many of these scammers are the same people who are Senior, and Gold members of forums.
Forums relating to bitcoin are the best source of conflicting information ever, which is why we keep it plain and simple, we tell you it's a badsite (albeit sarcastically - we have to stay sane) and that's really all you need to know to stay safe.
When we started this project, we didn't expect that it would still be needed years later, but the interest in bitcoin is driving every web fraudster to try their hand after bitcoin. The bitcoin Industry on the whole is clean, these fraudsters generally do not come from the inside, but often from the world of fiat, and a great many from developing countries and Eastern Europe.
It can be really easy to misunderstand the bitcoin environment when it's all new to you, and it will take you some time to grasp some of the rules, concepts, and limitations. This leaves you vulnerable to the swathes of scams and ponzis that try to lure you into their promises of easy money, and doubling or even 100 times multiplying your new 'Magic Internet Money'
It doesn't work like that. It isn't magic, it's just very efficient, very secure, and much sought after by thieves the world over.
If you have bitcoin, you need to learn to look after it, or these crooks will soon take it from you.
Don't make it easy for them. Contribute by reporting suspect sites to us when you find them, and we'll do the rest.