99 Mining Review is 99mining.cloud a Scam or Should I Invest

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99 Mining Review: is 99mining.cloud a Scam or Should I Invest?

99mining.cloud Review: Scam or Paying? 99 Mining Cloud claims it could make you good profits from bitcoin mining. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of 99mining.cloud, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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99mining.cloud Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

99 mining.cloud is not a legit cryptocurrency investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

99Mining.cloud Review

99Mining.cloud is a Bitcoin mining pool which promises to provide an easy way for anyone to get started with mining. Recently there is a huge misconception about the legitimacy of this firm and many forums are somewhat neutral about this aspect.

This service has been active for more than a year as of September 2020 and the amount of complaints against them clearly show what type of reputation they have. Join us in this detailed review where we will be going over certain facts which proves that they are a fraudulent service and the reasons to stay away regardless of what type of returns they claim to provide you.

License and Contact Details

99Mining.cloud is an ICO wherein they issue contracts based on the investment amount promising the clients certain amount of profits and use the funds to expand the mining operation. As the operational model of their business is a type of financial service means that they have to be regulated failing which all the people running this firm will have to face criminal prosecution.

We thoroughly checked the FCA website for any details about this firm but we were unsuccessful in our attempt which proves the fact that they are operating in an illegal manner. Do not get confused seeing the registration details they have put up on their website as it is done deliberately to intrigue simpletons and appear reliable to the masses.

A registration certificate by no means can justify the kind of activities they are conducting. The contact details provided by them in case if you have any queries for them are:-

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Address – 20-22 Wenlock Road, London, England, N1 7GU

How does 99Mining.cloud work?

This company is a typical cloud mining service. They own mining farms and scale up their operation gradually over time in order to maintain a healthy profit margin. Our main concerns about this platform is that they have not revealed enough details to instill confidence.

They have completely skipped over providing the detailed list of equipments they use, the maintenance fees they incur, exact margin of profits and the location of their farms. Without knowing the above discussed basic details, how on earth can anyone access this service?

Further more the returns they promise are on the higher side but we believe that high return claims are just being used as a bait to captivate the attention of the visitors and robbing them eventually.

Mining Plans

The major center of attraction about this company is that they provide a free plan for mining and once the payout threshold are reached, any person can withdraw them but just know that many platforms offer free plan but they take a awful amount of time to see any results. Apart from the free plan there are 4 paid mining plans which are

99 Mining Review – LEGIT BTC MINER?

OFFICIAL SCAM URL: 99mining.cloud

The 99 Mining HYIP, found at 99mining.cloud, claims to provide you with up to $1,000 per day through Bitcoin mining. Yeah, of course this would be fantastic, but it is also highly unrealistic. This is our 99 Mining scam review and we are here to find out what is going on with this Bitcoin miner.

99 Mining Miner – The Company & People Behind It

The first thing that came to our attention in regards to this 99 Mining software is that it lacks transparency. Nowhere on the 99minin.cloud website is there a single mention of who owns or leads this BTC miner, not a single thing. How could we possibly trust these guys with our hard earned cash when they refuse to tell us who they are?

Moreover, the company behind this 99 Mining app is totally bogus too. We are provided with a company address in London. We Googled this address, and of course, there is something off about it. According to Google results, the address provided here is a phony address which any business can use to register with. Yeah, the address does exist, but it also belongs to dozens of other scams.

It is an easy to way to claim to have an address, while actually not existing at all. The point here is that 99 Mining is not registered with the UK Companies House, nor is it licensed with any of the necessary trading and investment authorities. This is a completely illegal scam and it has no legal authority to accept investments from you.

How Does 99mining.cloud Work?

One of the more suspicious aspects of this 99 Mining miner is that it really never tells us how it works. The website is very minimal and contains literally no useful information about it. Sure, we are told that this system is supposed to mine for Bitcoin to provide us with nice profits, but other than that, there is no information present.

We want to know what the hash rate is. We want to know where the mining facilities are located. We want to know how well the mining software functions. These are all question that remain unanswered here. Folks, whenever you come across a crypto scam like this, which has very limited information, or a total lack of it, you cannot trust it. This 99 Mining system is very vague, provides no useful information, and this simply does not sit right with us in the least.

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99 Mining Bitcoin Miner & Ridiculous Profits

Yet another red flag that popped up here has to do with the insane level of ROI which this 99 Mining software promises investors. We are told that this BTC miner can provide users with up to 0.1728 Bitcoin per day, every single day, for the rest of your life. If you do the calculations here, this would equal about $1,000 in pure profits per day.

Folks, based on everything else we have already talked about here, do you really think that these crooks are going to provide you with $1K per day in profits? There is literally no evidence to support this claim. Moreover, BTC mining just is not that profitable at this time, which is true whether or not this 99 Mining HYIP is legit.

99 Mining Payouts – Falsified!

What we need to say here is that the 99mining.cloud website has a bunch of sections with supposed customer payouts and a leaderboard section too. Folks, these numbers and sections are totally falsified. We have talked to close to 50 victims of this cryptocurrency scam.

Nobody has ever been able to make a profit here, break even, or even get any money back. Whatever you see on the 99 Mining website, in terms of supposed payouts, is totally false. It just is not true at all.

99 Mining BTC Miner – GIVE US YOUR BTC WALLET ADDRESS

One of the most dangerous aspects of this 99 Mining application is that it wants your Bitcoin wallet address. The claim here is that these guys need your Bitcoin wallet address so that they can send you the profits on a daily basis.

Sure, to newbie investors and people who do not know much about cryptocurrencies, this might seem normal. However, we assure you that this is not normal and it is a big trick. You should never have to provide anybody with your BTC wallet address, especially before you even make an investment. You might think that your BTC wallet is 100% secure, but you are mistaken. Yeah, Bitcoin wallets are pretty secure, but there are people out there who can hack into them.

We have it on good authority that several people who have given this 99 Mining HYIP their BTC wallet address, have had their wallets totally cleaned out. Folks, this 99 Mining BTC miner wants your BTC wallet address so the people behind it can hack into it and clean it out. It’s highway robbery at its finest.

99 Mining Investment App – A Bogus Affiliate Program

Something else which came to our attention about the 99 Mining scam is that it features a bogus affiliate program. Apparently, if you get others to invest through your referral code, you will get a compounding 5% bonus from each investment. Yes, this sounds like a great deal, but it is also not true.

For one, this is just an easy way for this Ponzi scheme to increase its reach and widen its net. It’s an easy way for these crooks to lure in more unsuspecting victims to get them to fork over their hard earned money, so they can steal it. Make no mistake about it, because this 99 Mining system will never pay out any kind of affiliate bonuses. It is nothing more than a massive lie. It’s an unsustainable Ponzi scheme which needs massive amounts of cash from lots of new investors so it doesn’t implode.

99 Mining Scam Review – Conclusion

The bottom line is that the 99 Mining app is a scam. This is a Bitcoin mining scam that is hell bent on stealing as much cash from you as possible.

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IMPORTANT: If you have any questions, issues or you experience any problems please email us and we will be glad to assist you. Our contact customer support email is: [email protected] . If you register with this service from our website then you will always have our full free support in case you run into any issues or problems. Remember that you are not alone, with us you will always be safe!

To date, we have settled close to 2,000 trading disputes and we will not stop until we put every last scam out of business! If you have been cheated out of money or scammed by any fraudulent trading service, we encourage you to reach out to our complaint center for free help. If you need help, we will provide it for you!

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Thank you very much for reading this detailed review. Subscribe to our blog in order to be fully protected and to be up to date with all binary options services out there. Additionally please share and follow us on Facebook, Twitter, Google+ and Pinterest . See you next time!

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