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Submissions cryptominingfarm are mostly about some other cryptocurrency belong elsewhere. Pictures of Mining Equipment Cloud Mining companies should be able to provide some pictures reddit the products they are selling besides any textual descriptions. Be aware reddit Twitter, etc. The equations solved during Bitcoin cryptominingfarm are reddit hashing functionscryptominingfarm are usually referred to as hashes. Not even generic terms like "data center" are mentioned.
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The cost of electricity far exceeds 1 cent per day when mining Bitcoin with a GPU. It is possible to mine Bitcoin on any computer using the central processing unit CPU. Guaranteed Return All investments carry some degree of risk, so a guaranteed profit is a clear red flag. Currently the only way to profitably mine Bitcoin is to use an application-specific integrated circuit ASIC , which is a machine built specifically for mining Bitcoin. Check out his other work here.
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Payments Options Cryptominingfarm Bitcoin is accepted in order reddit provide reddit owner with sufficient anonymity. Only Bitcoin is accepted cryptominingfarm order to provide the owner with sufficient anonymity. You can choose reporting category and send message to website administrator. Cryptominingfarm Audits None Note that items with a warning instead of a reddit indicate that these could occur at a legitimate company. Eventually the computer will find the correct hash, and this is called finding a block.
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Payments Options Only Bitcoin is accepted in order to provide the owner with sufficient anonymity. Contact Information Contact information is provided, but lacks consistency see Verified Address.
Business Verified Address Cryptominingfarm provides the following official address: Muang Chiang Mai Thailand Lastly, the official business registration includes the address: Phimongkon Thaophiban appears to be operating a number of different services, at various locations, of which several have already been suspended.
This may indicate a serial scammer. Phimongkon Thaophiban" is the official owner, but any other information on this person cannot be found. Business Registration The website features a certificate number , but the details don't match with the company website see Verified Address.
Note that items with a warning instead of a flag indicate that these could occur at a legitimate company. For example, legitimate companies will normally try to persuade you into buying their products. Multiple warnings will, however, still trigger a flag. A description for the listed items is provided below. This list is meant to assist with identifying obvious scams, and therefore does not provide any guarantees that a company is truly legitimate.
Source Credibility Persuasion is more likely when the source presents itself as being credible, expert and trustworthy. Common tactics used by scammers to make themselves look legitimate include using fake websites or hacked emails and pretending to be someone they are not. This automatically triggers something in the head that says: Reciprocity A business is likely to receive far more of our trust when it provides a lot of free value, because of the rule of reciprocity which causes us to tend to feel obligated to return favors after people do favors for us.
Guaranteed Return All investments carry some degree of risk, so a guaranteed profit is a clear red flag. A valid question would be why an organization would try to sell such a scheme instead of using it to get rich themselves. The best advice is an old one: Overly Consistent, Positive Returns Cryptocurrency markets are among the most volatile markets, hence the performance of any related product or service is also expected to fluctuate.
External Risk Insurance The fraudster may present some external risk insurance for the investment in order to add to its credibility. In reality, insurance is only seldom acquired and guarantees typically lack substance.
Dummy companies are often used to act as the guarantor or insurer. Public Mining Address A cloud mining company must have a public cryptocurrency address in order to participate in the mining process. There is no reason for a legitimate company not to disclose this. Pictures of Mining Equipment Cloud Mining companies should be able to provide some pictures of the products they are selling besides any textual descriptions.
Too often only the positive elements are accentuated. Website Registration Details Very few scam websites survive longer than one year, so domains are generally registered for just one year unless otherwise required for the specific domain.
For the same reason, websites created less than one year ago should be considered suspicious. Website Design Amateurish, cluttered and disorganized websites can point to a scam as many scam sites use text and images from legit websites and other sources which may not work together very well. Grammar on Website Many scammers have limited English proficiency. Payments Options Even though cryptocurrency payment options are logical for a cryptocurrency company, it is also very convenient for scammers as the recipient essentially remains anonymous.
As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. You can also explore the Bitcoin Wiki:.
Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet. Check out his other work here. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended.
As of now, If you have ideas for the remaining BTC, see here for more info. Does anyone here perhaps have some experience with this website? Stay away from anything that needs your money to get some back in return. Haven't visited that site but probably a scam if they want you to pay to get paid. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Bitcoin comments other discussions 1. Log in or sign up in seconds. Submit link NOT about price.
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