Archive | cloud mining

Indian Police Arrest Leaders of Major Bitcoin Mining Scam

India has proven to be a major region for Bitcoin activity. Not all of the ventures in this country are completely legitimate, unfortunately. Two leaders of a notorious cryptocurrency scam were arrested earlier this week. Amit and Vivek Bhardwaj are the individuals responsible for creating some of the Bitcoin MLM schemes active in India. Ending… […]

Atlas Cloud Prepares to Bring 1,000 Bitcoin Miners Online

Multiple major entities around the globe show an interest in Bitcoin mining. That in itself is pretty interesting to keep an eye on. When players like Atlas Cloud Enterprises decide to get involved, things can change very quickly. The company has acquired a total of 1,000 Bitcoin miners. All of these devices are based on […]

Coinomia Cloud Mining Service Slashes Payouts by 30% due to “Decline in Cryptocurrency Market Cap”

Finding a legitimate cryptocurrency cloud mining service has proven to be difficult. The number of legitimate companies can be counted on one hand. Some people feel Coinomia is one of those legitimate companies, although one user reached out to us to tell a different story. This is a second-hand report, and we will continue to […]

Viabtc Launching Bitcoin Cash Token and Mining Pool for Bitcoin ABC

Major mining pool and bitcoin exchange Viabtc has announced the launch of their new mining pool designed for “Bitcoin Cash” (BCC). These tokens are the result of plans to hard fork Bitcoin and run the Bitcoin ABC client. Also read: Segwit2x Beta Released and New UAHF Code Proposal `ABC´ Removes 1MB-Limit Viabtc Introduces the Bitcoin […]

Person behind Bitcoin Mining Scam Faces $12 Million Fine

The promoter of GAW Miners and Zen Miner cloud cryptocurrency mining service platform has been slapped with a hefty fine and charged for running a fake mining operation. Mining cryptocurrencies is not just an exciting hobby, but a lucrative business opportunity as well. The use of computing power to crack cryptographic algorithms and get rewarded […]

Bitcoin Scam Site Warning – HashRev

Cloud mining companies are very easy to come by in the world of Bitcoin and cryptocurrency. Nearly all of these companies turn out to be complete scams, which is only to be expected. HashRev is one of the companies which will eventually disappear and take a lot of money with them. There are plenty of […]

Bitcoin Scam Site Warning – Hashingroot

It has been a while since we last took a look at one of the many Bitcoin cloud mining scams in the world of cryptocurrency. There is no shortage of these Ponzi schemes, though. Hashingroot is another company that claims to offer investors Bitcoin cloud mining, even though there is no credible evidence of their […]

Bitcoin Scam Site Warning – Micro-BTC

The Summer is almost upon us and it appears the number of bitcoin cloud mining scams is increasing exponentially. Micro-BTC is another platform – quite similar to Micro Mining – that claims to provide cloud mining services to bitcoin investors. No one should invest their money in this platform by any means, as it offers […]