Hosted at LTCMiner.us (previously: LTCMiner.io), LTC Miner is another shining example of an elementary-designed Ponzi scheme that has successfully nested its way into the cryptocurrency domain. Operating as a Litecoin mining operation, Litcoin Miner looks like it could be a safe and trustworthy investment opportunity for those with Litecoin to spare. Showcasing an immaculate site interface, this one-stop mining operation could deceive even the most experienced of investors.
As you will unravel for yourself throughout the duration of our unbiased review, Litecoin Miner promotes desirable returns that allure crypto investors of all experience levels. While LTCMiner may appear to be a reliable investment solution, the facts bestowed to you in this review will convince you otherwise.
What is Litecoin Miner?
Litecoin Miner is an online platform that allegedly mines Litecoin for investors who deposit through their site. The volume of litecoins an investor departs with will dictate which mining package an investor gets enrolled with. As with most illicit mining operations, LTCMiner claims to host a variety of cryptocurrency miners, yet we aren’t provided with any transparent evidence to confirm these operational guarantees.
How Does LTCMiner Work?
LTCMiner.io takes the deposits of investors to enroll them in 1 of 4 separate mining packages. According to the site, Litecoin miners will then harvest and mine Litecoins for you to fulfill your mining package minimum daily return for all eternity. As with most operations that promise far-fetched returns, like Litecoin Miner, all of them seem to function off the unsustainable business model of a Ponzi scheme.
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Basic Version 1.0
Deposit: 1 LTC
LTC/Min: 0.00014 LTC
LTC/Day: 0.2 LTC
Affiliate Bonus: 30%
Standard Version 2.0
Deposit: 5 LTC
LTC/Min: 0.0007 LTC
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LTC/Day: 1 LTC
Affiliate Bonus: 40%
Standard Version 3.0
Deposit: 15 LTC
LTC/Min: 0.00021 LTC
LTC/Day: 3 LTC
Affiliate Bonus: 50%
Premium Version 4.0
Deposit: 40 LTC
LTC/Min: 0.0105 LTC
LTC/Day: 15 LTC
Affiliate Bonus: 60%
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LitecoinMiner Scam Test
Does the website promise unbelievably high returns?
Yes! The returns promised through Litecoin Miner are beyond the scope of possible. The business model employed through this operation is unsustainable without question, and it is evident that LTCMiner.us is just another Ponzi scheme. Relying upon the deposits of new victims to acknowledge the first couple of withdrawal requests authorized by new users is how this scam will function.
Is there any information regarding the owners of the site?
The same corporate entity allegedly operates Litecoin Miner as BitMiner and StartMiner, both of which we exposed as malicious investment scams! The company, supposedly operating Litecoin Miner, is known as BitMiner Cloud Eu Ltd and can be researched further in a CompaniesHouse report by searching company number 09951039. As the report will verify, the company status reflects an “Active proposal to strike off” status, which means that unless the company pays its dues, it will be disbanded and struck off the business register.
How old is the website?
A whois.com search will reveal that LTCMiner.io is a semi-new operation that was created on July 15th, 2017. Unfortunately, the domain was privately registered, which means we cannot find any information regarding the creators behind this Ponzi scheme.
Does the site have a physical address?
While the site provides a physical address of 20-22 Wenlock Road, London, England, N1 7GU, we believe it highly unlikely that this operation is headquartered from that location due to their company status and known corrupt nature.
Are any legitimate sites affiliated with Litecoin Miner?
No legitimate sites are affiliated with LTCMiner. Only bonafide scam sites such as StartMiner.com and BitMiner.io have shown a connection with Litecoin Miner.
How popular is the website?
LTCMiner.io had a SimiliarWeb global rank of 32,679 as of December 2017. The site is popular in Brazil and Venezuela. People reach the site also from the United States, Russia and Ukraine. Over 80% of the referral traffic the visits the site originates from traffic exchange sites where users get paid to browse various sites in order to give the misconception that the site is more popular than it organically is.
Complaints We Received
On November 30, 2023, we received the following complaint from a person who reported being scammed for $100:
I invested in the site ltcminer.com, believing it to be a reliable investment platform. For two weeks, I encountered no issues and received €1.92 daily. However, starting on November 30 (today), they informed me that my ‘IPV’ is empty and that I must wait indefinitely.
On May 13, 2024, we received the following complaint:
I purchased the 1.4 pack at https://ltcminer.com/account with the promise of unlimited withdrawals, yet I have still not received anything, even though I paid 230 euros.
Litecoin Miner Review Conclusion
Litecoin Miner is a variation of the StartMiner and BitMiner Ponzi schemes that we have previously exposed as scams. It goes without question that Litecoin Miner is not a trustworthy or legitimate Litecoin mining platform, not to mention that the returns promised reside within the realm of being too good to be true. Avoid this bogus cryptocurrency rip off and all sites shown to be affiliated or endorsing this scam.
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Review Verdict: Litecoin Miner is a SCAM!
Blacklisted Site: LTCMiner.io & LTCMiner.us
Have you lost litecoins to Litecoin Miner? Please share any feedback you possess by leaving a comment below!
Looking for a dependable cryptocurrency mining operations to invest with? Learn about the best mining operations by reading our Cryptocurrency Mining Guide!
site seems to be now closed and is not opening up. Yesterday also I had worked and it opened and was functioning but from today about an hour before when I woke up and first attempted to open to check the balance, the site is not opening.
So has anyone been able to receive the a payout from mining for Free? You know once you reach .01 as it says you can.
Your given an instant pay out value when u start and it increases as u upgrade versions but ipv is so small it doesn’t really do much anyway I was able to take out 60$ worth of litecoin and than I was out of ipv and I had 48 litecoin in total on my website and was never able to cash it out cuz I was out of ipv so I was waiting over a month for Manual cash out and still never got it…I also invited referrals and never got any ipv points for that
This is a scam, it’s been over 26 days and I got no pay out. This company took my money and now I have to find someone and rip there fucking head off!! Yes this is a threat to ALL employees of litecoin.io!!!
Glad i saved my time after reading and experimenting so much about the ltcminer, i get to know from one of my friend. He taken basic model and all coin gone company didn’t paid at all.
So ” mine the minimum ” and then abandon. do not buy any upgrade…. got it. Thanks.
me too like that xD
We too tested the upgraded miner. Fortunately we upgraded when the price of litecoin was < 1/3rd what it is now. After having mined a decent amount of coin and after exhausting the instant 0.15 LTC payouts, we made a withdrawal request for a small amount, which said it would take 10+ days for alleged "manual processing.". We are 15 days out and have yet to receive any kind of payout. DEFINITELY A SCAM! STAY AWAY!
I joined today and withdrew 0.015 LTC and it happened almost instantly to my coinbase wallet
pagaste ipv o como hiciste
So before reading this, I did buy the v1.1 for 1 LTC. So far I have been able to withdraw my “IPV”. Of .15, hoping to at least get my money back after reading this. Was going to mine for 25 days to accumulate the 5 LTC to buy the next step. Probably won’t be doing that now.
I Paid 1TC up upgrade to their V1.1 Miner. I’m not 25 days in and not had a payment, the contact form does not get you a reply also. This is without a doubt a SCAM please stay away!!!!!!
I fell into the same honey trap. But with me withdrawing works instantly but only up to a limit. Then they say it takes longer. I hope it will work so I get my money back at least (0.5 LTC).
i’m the same way. i happened to see the ad on one BTC faucet site, so i clicked on it. all i had to do was go to the site and i already have an account. it seems to be giving me LTC, and I didn’t even have to register. if my first withdrawal is successful ( to a LTC address that I don’t have anything in) then I’ll continue getting free LTC til it dies. steal from the thieves and sleep better at night.
Not yet but I will take all the free coins and not give them any of my lite coins!!!
Glad I read this before I sent them any of my lite coins cause they are very valuable now!!!