Learning Time: 3 minutes
- A brand contemporary cloud mining scam has been pushing its wares on an unsuspecting public
- BlockchainCloudMining.com claims to provide mining of XRP, SOL, ETH, USDT, and USDC
- None of these coins are mineable, while the marketed returns of “up to $9,777 per day” are clearly fatuous
A newly marketed cloud mining platform, BlockchainCloudMining.com, has proven that crypto mining scams are some distance from over, promoting returns of nearly $10,000 per day through the mining of XRP, among other cryptocurrencies. Needless to bid, these with info of the blockchain design will acknowledge two slightly large purple flags relating to such claims, but this scam is clearly geared in the direction of these contemporary to the design. The firm place aside out a press start yesterday promoting their ‘services and products,’ promising that “Passive profits is just not a dream for XRP holders” as effectively as promoting the mining of loads of alternative coins that can not be mined.
Consideration-Grabbing Claims
In its press start, published on Sunday, BlockchainCloudMining.com marketed between 100% and 800% annual returns, supposedly generated through “automated, lovely mining contracts.” This, understand that, throws up the important thing purple flag: XRP isn’t a mineable cryptocurrency. Unlike Bitcoin or Ethereum, all XRP tokens had been pre-mined at start, which manner there’s no technique to generate contemporary XRP through mining, even even supposing newbies to the design can also just, understand that, be ignorant of that fact.
Then there’s the unheard of incomes doable (and the grandiose language):
In a groundbreaking update that is shaking up the digital asset design, XRP holders now occupy the chance to derive as extra special as $9,777 per day.
Such sky-excessive prices are clearly nonsense, but the inclusion of “as extra special as” apparently lets within the firm to derive away with paying out a pittance, if anything else gets paid out the least bit. The firm promises “High earnings level and day by day dividends” as effectively as “McAfee security” and “Cloudflare security,” which is about as obscure as you can derive, provided that these two companies will occupy nothing to originate with preserving the mining route of.
Speaking of the mining route of, with the exception of for XRP, the firm says it mines eight cryptocurrencies, along side ETH, SOL, USDC, and USDT; ETH and SOL are proof-of-stake and not proof-of-work, while USDT and USDC are issued by Tether and Circle, respectively, giving a colossal entire of five coins the mining outfit provides that can’t be mined.
Trustpilot Abuse Provides to Legitimate Air
BlockchainCloudMining.com has issued loads of press releases promoting its enterprise on a long-established basis within the previous two weeks, with one carrying the headline “Ancient Trader Earns $9,777 a Day with Blockchain Cloud Mining,” with out as soon as referencing such a trader within the article.
Digging into the firm, we earn more points. In April 2024, the firm filed ‘accounts for a dormant firm’, suggesting that it is some distance not in enterprise. Your total operation is hotfoot by one particular person, Sharon Henley, with no other workers registered, while the firm address listed on its web space is that of a firm formation agent.
BlockchainCloudMining.com also appears to occupy long gone on a PR binge, with Trustpilot displaying a derive of 4.8/5 from 77 critiques. This appears wonderful on the ground, but they’ve all advance between April and the previous few days, despite the firm having supposedly been in enterprise since 2018. What has it been doing for the previous seven years? Barely a day has handed by since the important thing evaluate in April with out somebody leaving a 5-star evaluate of the firm, generally with two or three such critiques left per day. Four had been left on July 11 on my own.
Any person with any info of the crypto design can explore that BlockchainCloudMining.com is a scam, and we provide the same advice to any individual brooding about investing in any cloud mining platform: don’t.
