Let us just begin this review by stating the obvious: BTCProMiner.life is a scam, or rather, a sort of cloud-mining Ponzi scheme, the whole premise of which is unreal.
Why are we so certain that this is the case? Let’s elaborate.
This is a cloud mining site.
Let that sink in.
What that means is that its chances of being legitimate aren’t stellar from the get-go. This online vertical is plagued by massive scamming, prompting some experts to declare that almost all cloud mining operators are scammers.
The still worse news is that even if it were to be legitimate, it would still not be worth anyone’s time. Legitimate cloud-mining services seldom ever make ROI for their investors.
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In btcprominer’s case though, there is no “threat” of legitimacy. The site is a genuine Ponzi scheme indeed.
What is the proposition/promise here?
Is it too good to be true?
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It is indeed the very definition of that.
BTCProMiner clients can create free accounts at the site, and begin “mining” BTC for free…they can of course upgrade their accounts for a small (or large) fee, to secure additional benefits.
The free version of the setup comes with profits of 40 Satoshi per minute and 0.0006 BTC per day.
Yes, you read that right: you are essentially getting all this for free.
The most basic upgraded version costs 0.01 BTC, it raises the daily profit rate to 0.0012 BTC and it introduces the affiliate scheme. This program is essentially the heart and soul of the Ponzi scheme, because this is what it relies on to bring new customers into the fold.
The affiliate revenue rate is 20% of the upgrade money that referred clients spend at the site.
Further upgrade packages raise this rate to 30%, 40% and 50% respectively.
What’s more, there’s a Limited Version upgrade package, which costs a massive 7 BTCs, and offers affiliate cuts of 105%.
If you happen to have 7 BTCs though, just hold on to them and wait for the price to rise.
Don’t even think about “investing” them with these guys.
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By taking a closer look at this limited upgrade package, the unlikely nature of the offer becomes obvious in a heartbeat: if offers a daily revenue rate of 2BTCs, which means that in 3.5 days, you would have your investment recovered, after which in a couple of weeks’ time, you’d be well on your way to putting these guys out of business.
The math doesn’t add up with the other upgrade packages either.
Thus far, two of two scam red flags are triggered: the site deals in cloud mining and its sales pitch is based on a too-good-to-be-true offer.
About BTCProMiner
Who exactly is behind this operation though?
While the site does not have a proper About Us section, there’s some information available on the Contact page.
The company behind the site is apparently BTCProMiner Cloud EU LTD.
A search on the company name will reveal that it does indeed exist and that it’s registered under company number: 09951039, with offices in London, at 20-22 Wenlock Road.
The only CEO of the operation is an Italian gentleman named Giacomo Bugini, who is pictured standing in front of a few racks full of ASICS.
What exactly is wrong with this whole corporate profile though?
It seems like BTCProMiner Cloud EU LTD was founded by Mr. Bugini electronically, by 1 GBP share capital.
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Bugini has apparently been associated with a number of other unsavory operations too, like ADVgeneration, which turned out to be a Ponzi scheme (no surprises there), eurobitmarket, a defunct exchange, bitcoinbay.co (also apparently defunct) and others.
Bugini is apparently also responsible for Bitminer – another cloud-mining scam.
He apparently founds companies left and right and uses them to set up various online Ponzi schemes and scams.
To call this corporate background suspicious would probably be the understatement of the year.
If knowing all this, you still decide to trust your money to this Bugini character, you probably do indeed deserve what’s coming to you.
The website itself, btcprominer.life, is not particularly trust-inspiring either.
While it’s light on sales copy, it features a very dubious “proof” page, which offers information on some transactions as well as bitaps verification.
It is important to remember though that Ponzi schemes may in fact pay some of their victims during their early stages, and all signs seem to point to the fact that btcprominer.life is indeed in the early stages of what’s likely to be a brief existence.
Certainly, for all its reach and popularity, bitcointalk.org failed to produce a single confirmed btcprominer.life user who actually picked up BTCs from the operation. The chatter on there is very negative about BTCProMiner, with most posters convinced that this is indeed a scam.
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Several bitcointalk forum members have created accounts at BTCProMiner, but none of them got paid anything.
One of them reached the payout threshold of BTC 0.005 in about 8 days, after which he requested a withdrawal. He was then told to increase his IPV to secure access to instant withdrawals, or to wait 30 days for the manual processing of the withdrawal.
Others have chimed in, stating that instant withdrawals weren’t granted to those who had already upgraded their accounts, either.
Some even went as far as to wait out the 30 days allegedly required for manual processing – to no avail.
Reddit users haven’t really addressed the operation yet. There are a few promotional posts looking to get some BTC enthusiasts hooked, but no one has yet pulled the curtains back on the scam.
Testimonials
Well only just found your page about BTCprominer I love your review thanks for the heads up thought it was fishy when I wanted to upgrade with the balance accumulated 0.5 and didn’t want to pay saying I have 2 accounts on my IP I have been using for months and no auto payout. Never received anything and they have never replied to any of my messages, I have visited the address in London the owned of the site does not live there it is just an apartment the woman that does live there told me she has a postal block for the amount of hate mail she was receiving to that company this was last month.
BTCProMiner Review Conclusion
Having read the above, no one should find it surprising that no registrant information is available on the btcprominer.life domain. These scammers are obviously ready to pack up shop at a moment’s notice and to move on when the time is right.
Taking advantage of the “affiliate program” they’re pushing, they’re getting people to refer their friends in the hopes of convincing some of their victims to “upgrade” and thus to hand them BTCs. btcprominer.life is the definition of a pyramid scheme.
According to Alexa.com, by the way, btcprominer.life is a highly popular website with a global rank of 15,919 at the time of writing.
A significant amount of this website’s visitors come from Brazil, India, Spain, Thailand and Venezuela.
Review Verdit: BTCProMiner (also known as BitMiner and BTCMiner) is a SCAM!
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Blacklisted sites: btcprominer.life, btcminer.me, bitminer.io, btcminer.services, btcminer.website & bitminer.world
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Btcprominer is totally scam .there is no withdrawl no answer for any ticket no mail I’d nothing it’s totally time a waste.
Stop begging and go to work recovering what you lost…be smarter about where you invest
hi friends , i am from india in btc mining i have lose near about 2 btc = 960967 which is to big amount in india now we are under very trouble we need to sell our house if we dont pay the amount to the borrower
if any concuss and social aware people willing to help me then it will be very helpfull to me i will be thankfull to all life ..
my btc id is 18yR1zM6tfPTajkoTXCGqobN6JW9z4By4Y
I’m from Philippines, I’m unemployed due to age I’ve been doing faucet claiming for 8 months and I only got a ten thousand of btc and im losing my severance pay. I have one 2yrs old son my wife left me due to debt if someone could donate some btc, I only needed 1btc in total for me to start small eatery business in order for me and my son to survive… Here’s my btc address
32LZXgnG1UsCGLfk4RucV5UWLSPMZtUZL1
Thank you in advance for those who are willing to help me and my son.
Better eat your shit when you selected this shit earning business
hi guys , my name is farid , im live in IRAN , im educated in hardware engineering but in my country there is not enough job right now, sorry my english is bad , i have a sick mother who need heart surgery , im not lie and crying right now, i was depressed and i spend all of my money in one of SCAM mining sites and right now i dont have any choice else i never do this, i dont care some people what think about me i just want to save my mother , she need 3000$ , any one here want to help any much — my wallet address : 15FEFWQStZURwJ4KpzAJuG54hzTWHocz1J
i hope no one ever be in my position. thanks all.
this site like vegaminer.co all is scam . never trust to them
Here`s our vegaminer.co review.
Im a single dad with 2 kids and kinda too late reading this blog. I made a lot of debts just to upgrade to v3 and now i dont know where to live right now, now i live on a rented house and in the next 3 months we have to move from this house into street perhaps. I m desperate right now and hoping some kind person to send me btc to help us to survive. My btc walet is 3AwdEfv1kCveVaDMxe195kMTcqbBaPEkgY. Thank u and God bless u
You can get bitcoin earning
Hello family. I got scammed on a couple of mining sites and I’m broke as I’m here right now. Ineed money urgently to pay for me school fees. Please any good samaritan here can send me some via this address 1Go9t9sjWep5yHrLYemufgqevRq4ZTtBSo thank you thank you ……….
Hola señores, perdí dinero pensando que podría obtener ganancias en esta pagina, saber que mi familia vive pulseando el pan cada día y con la esperanza y confianza que me tienen esperan que me valla bien en este mundo de Cryptodivisas , y con la estafa que me han aplicado con que cara les voy a contar, no suelo hacer esto pero algunas veces hay que dejar el orgullo atrás, cualquier donacion de btc 1Faa8XYxaYogrkjV73r8B7NxJsTY61H3y
Dios los tendrá en cuenta y los bendecirá en grande.