Bitminer.io Review | LEGIT or SCAM! | A Case Study for Evaluation of Bitcoin Mining Scams
Channel: Millionaire by 25
Date: 03/09/2020

EXPOSING BITCOIN MINING SCAMS: USING BITMINER.IO AS A CASE STUDY
From all I have observed so far, the two most common lies Ponzi companies tell are 
1. That they are a form of bitcoin cloud mining platform. Or a platform that mines other cryptocurrencies and
2. They are a sort of trading firm that trades stocks or cryptocurrencies.
I myself invested $500 dollars into one of such firms back in 2018. It was called bitworldcenter, and of course, it was a scam, and I was unfortunate to have invested just prior to when it crashed. so I lost the money.

Both these types of companies I have stated promise greater returns for higher investments. 
So when I saw bitmine.io which claimed to be a sort of bitcoin cloud mining company that gave periodic payouts commensurate with the amount of money invested, it was reminiscent of the story the lady I described told me about. As of today, 31st august 2020, the bitmine.io website is down, but I would be analyzing the website anyways, but this time, with the aim of using it as a case study so that you never fall into any such scams in the future. Make sure you watch this video all the way to the end because this video may very well be the only video you need to watch in order to instinctively tell if a cloudmining website is legit or not.

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