KitMine claims its a crytocurrency cloud mining platform for bitcoin, litecoin, dogecoin, dash, reddcoin and paccoin. This review tells you all you need to know about this HYIP (high yield investment programme) known as Kit Mine, 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.
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Kitmine.com – details
KitMine is not a legit cryptocurrency 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, litecoin, dogecoin, dash, reddcoin and paccoin
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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