Oh wow what site was this?
I have heard there is many ponzi schemes like this.
Although a ponzi scheme works by taking money from one person.. paying the next.
Eventually you run out of people to get money from and it fails.
Here if they invest the money into miners.. new funds will be CREATED.
So its a little bit different. Although that's if this company actually puts the money into mining.
That's what i planned to do.. it's profitable ;)
I forgot the name but it started with bit something, Your site is a ponzi scheme I think because how are you going to make your profit back in 12 days, If people have only deposited 5 btc. They would need to be mining on a pool with great hardware but I don't think they have it, they are just paying you out another persons btc.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Profit earning and withdraw works as promised, but it is too good to be true. Certainly a Ponzi scheme.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah you could totally be right.
What my plan was, is to buy mining contracts automatically with the bitcoin.
So i just deposited $150 bucks.. that will generate $300 or so over 2 years in mining, with genesys mining.
Although im sure the ROI could be much better if you bought the hardware.
How long was the site up for btw?
Just a few days.. they grabbed some BTC and ran quick huh?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
well it was 47 or so days but I put money in late
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah you know what.. i have now found like 50 of these sites lol.
Not exactly the same but very similar.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit