Are you bumped into the CryptoMiningFarm.io and now you want to read a Crypto Mining Farm review about it. Look no further! Because I’ve got you and your money covered before indulging into another cryptocurrency scam brought about Crypto Mining Farm with which I’ve invested into but did not get what was promised by the company due to its hidden agenda—the Ponzi scheme.
As we all know, mining farms usually uses the ponzi scheme. However, the Crypto Mining Farm System applies the pyramiding scheme structure with 20 levels! Yes, you read that right–you can earn commissions from 20 levels of affiliates. Currently, this mining farm has the largest pyramiding structure.
Scams in the cryptocurrency industry is very popular due to its mysterious quality. Legal miners are even hazy in describing how their operations work and because of that only a few will understand how the blockchain technology and the bitcoin works.
So, if you’re a part of the population that would want to know its legitimacy in the cryptocurrency market, hence, this review will unleash why is Crypto Mining Farm a Scam. And how it is gradually infiltrating the cryptocurrency mining market.
Crypto Mining Farm: Just Like Any Other Mining Farm Scam
The Crypto Mining Farm Company is a cryptocurrency website for the purpose of mining the leading cryptocurrency in the world, Bitcoin. It was launched in September 2009.
However, the Crypto Mining Farm Review website didn’t even provide the physical location of their mining farm in Thailand. Only provided a Thailand business registration number, even so, it still cannot justify its legitimacy since the registration is under Lifetime Technology. .
According to CryptoMiningFarm.io, it is run by the technology company called, ‘Lifetime Technology’. When I visited the Lifetime Technology website, it didn’t even mention such mining farm or even any cryptocurrency business that they are connected with.
Do you see what’s wrong with this mining farm? The “About Us” section doesn’t look trustworthy at all. First, would you dare to trust a website with your hard-earned money with only a ONE PARAGRAPH description? And if they are legit, why didn’t they put their physical mining farm address on their website? Besides, one of the main purpose of cryptocurrency is to aim for transparency, right?
Additionally, the Crypto Mining Farm website states that it was launched in the year 2009. However, on its Facebook page, it claims to have started in November 2008. How is this even possible when the blockchain operation began in the year 2014?
Second, it promises GUARANTEED PROFITS. Of course, who wouldn’t want a guaranteed profit? But knowing Bitcoin’s attribute, it is volatile or unstable. It may go down for today and be exceedingly high tomorrow. Yet, no one knows it’s value per se for 15 years.
Based on their ‘About’ section page, it states that it’s the newest company that offers Bitcoin cloud mining which offers an investment opportunity for people who will get guaranteed profits.
Seems promising huh? Let’s have a closer look.
Promising Contracts – Crypto Mining Farm Contracts
Just like any other investment opportunities, the Crypto Mining Farm Cloud Mining contracts are very promising that is too good to be true. Members can choose from 6 different investment duration period, these are 3, 6, 1 year, 3 years, 15 years. Members can even avail of a lifetime access. The Crypto Mining Farm Platform guarantees members of an estimate investment increase of 0.0009USD per 1GHS everyday
Based on the cloud mining service comparison chart on their website which is at 1000 GH/s promises 28 at a 1 month contract compared to other cloud mining with only 51.
When a member signs for 3 months contract, he/she will have 28 units compared to other cloud mining website which has 42 units. Similarly, at a 6 month contract with Crypto Mining Farm, the member mines at 28 units while with crypto mining, it’s only 27 units.
When a member signs for one year contract, he/she will have 30 units compared to other cloud mining that only has 13 units. When a user signed for 3 years contract, he/she will have 32 units while other cloud mining offers only 1 unit.
Lastly, when a member signs for a 15 years contract with Crypto Mining Farm review website, he/she will have 49 units while other cloud mining has only 0.0001 unit.
The cloud mining platform has claimed that it has been paying members ever since September 2014. It guarantees members that it never increases the level of difficulty of its mining operation. With this statement, it contradicts to what the bitcoin network does–difficulty level is chosen by the network.
Does Crypto Mining Farm really pay?
The Crypto Mining Farm cloud mining program admits that there is no real cryptocurrency being mined on the operation and they use GHS as their unit of measurement which is a virtual mining hashrate.
On the profit side, the Crypto Mining Farm ROI can be seen in their profit calculator page that is influenced by bitcoin with GHS. Undoubtedly, bitcoin and GHS aren’t connected in whatever way.
Also, they don’t own any real bitcoin ASIC hardware. The tokens used in this platform are genuine blockchain-based token that’s being mined, which has no real value outside the Crypto Mining Farm website. Since it isn’t mining on a real secured ledger.
Hence, this Crypto Mining Farm cloud mining program isn’t really mining a real cryptocurrency! It is only mining their own private blockchain which is not connected with bitcoin. They can offer payouts but it’s based on the pyramid scheme structure that will surely collapse in the future. Ponzi and pyramid schemes can deliver high rate of return in the early years of the investing period. However, no program can last long with members recruiting forever.
Fake Crypto Mining Farm Website Reviews & Testimonials
The CryptoMiningFarm.io reviews are very popular due to the fake positive reviews all over the internet.
Based on a study on the Crypto Mining Farm, reports show that the “referral scheme” is what contributes to its popularity across the world wide web. It comes from forum websites such as munobtc.com and adbtc.top. Wherein web surfers get paid indirectly to visit & browse such website to make it more popular.
Shocking isn’t it?! Getting surfers paid for it to appear more popular!
Now after I’ve named a few red flags, let’s talk about why this platform is truly a SCAM?
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Conclusion :- CryptoMiningFarm.io is a Scam.
As per the Crypto Mining Farm they promote 15% income commission from affiliate bonuses, no maintenance fee, level of difficulty never increases, free 50 GHS and investment bonuses.
First, real mining can’t make money with 15 years contract or by paying 15% referral commission.
Second, compared to real cloud mining companies need maintenance fees to keep the business going. So, their claims are said to be false.
Also, since it is a pyramid scheme, the fastest and easiest way to earn money is through referrals. This platform is said to be the largest pyramid scheme in the cryptocurrency scams since members can earn commissions from 20 levels of affiliates. Since this cloud mining platform has been vocal that they aren’t mining bitcoins it contradicts to the fact that they only accept bitcoin deposits.
So, it is clear that this Crypto Mining Farm review website is a scam. It has been planted on sinking sand and will one day crumble.