CloudMiner claims that its an autopilot bitcoin cloud mining pool. This review tells you all you need to know about this HYIP (high yield investment programme) known as CloudMiner.biz, with the information provided here, you can now decide if it is worth investing in or it is a scam that pays.
HYIP is a type of ponzi scheme. What this means is that initial investors only get paid when new investors makes a deposit, that is to say; the scheme only runs provided there are new investors added continuously. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Its a type of Ponzi scheme. The people that benefits from it are those that signed up at the early stage when the site was newly opened.
Therefore, in making decision whether or not to invest in any HYIP, an important factors to consider is the duration. That is, how long they have been online. This enables you to know if they are paying.
Table of Contents
Cloud Miner – details
CloudMiner is not a legit bitcoin mining company, in the sense that there is no actual mining process going on. It is just a pool of people investing into a Ponzi scheme or rather a Pyramid scheme. You are to refer investors into the scheme for a referral bonus to keep it running. As soon as the amount of new investors drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Nobody knows when its going to collapse. Deposits or withdrawal can be made using bitcoins.
On a final note.
Many investors fall prey to these HYIPs mainly because of the high returns they are promised. Knowing this fact, a lot of HYIP keeps springing forth as the days goes by, exploiting investors who are too quick to sign up for schemes that promises quick money. We have made it a duty to inform you about these HYIP scams. It is now left for you to decide whether to go for it or not.
P.S We don’t endorse HYIPs and we advice our readers to go for sustainable legit ways of making money.
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A few friends and I decided to test this site recently and this was the result
2018-01-14 14:20:36 89588 0.00050000 BTC WITHDRAW CONFIRMED
2018-01-16 23:45:26 93221 0.00150000 BTC REFERRAL CONFIRMED
2018-01-17 20:51:49 94875 0.00490000 BTC WITHDRAW CONFIRMED
2018-01-18 20:58:04 96851 0.00050000 BTC WITHDRAW CONFIRMED
2018-01-18 21:32:21 96888 0.00130000 BTC WITHDRAW CONFIRMED
2018-01-19 21:43:58 98912 0.00200000 BTC REFERRAL CONFIRMED
2018-01-19 21:49:01 98940 0.00450000 BTC WITHDRAW PENDING
2018-01-20 09:57:42 116078 0.00560000 BTC WITHDRAW PENDING
2018-01-20 14:02:11 116340 0.00200000 BTC WITHDRAW PENDING
2018-01-20 14:08:19 116353 0.00050000 BTC WITHDRAW CONFIRMED
2018-01-20 15:01:56 116444 0.00200000 BTC REFERRAL CONFIRMED
2018-01-20 15:34:15 116498 0.00340000 BTC WITHDRAW PENDING
2018-01-20 17:24:18 116677 0.00120000 BTC WITHDRAW PENDING
2018-01-20 18:52:29 116937 0.00100000 BTC WITHDRAW PENDING
2018-01-20 18:53:50 116940 0.00050000 BTC WITHDRAW PENDING
2018-01-21 07:55:50 119643 0.00580000 BTC WITHDRAW PENDING
2018-01-21 13:20:59 119923 0.00270000 BTC WITHDRAW PENDING
As you will notice they did pay out initially but the payments soon stopped once the amount we where “earning” went up
Thats the trend of most of these Ponzi schemes, its not a legit mining company. They pay initially and later they stop paying, close the site and do away with investors’ money. We seriously advice against them because they will surely collapse.
Hi
been working with this for a few weeks, none of my withdraw requests has been actioned and all are still pending,
I have used the support system but no one answers.