Beware the scams
There seems to be more and more scams/get-rich-schemes appearing, but when I check I cannot actually confirm or deny that they are mining, but due diligence is key. Be Careful People!!
How can you tell if your mining is a scam or not?
There are no hard and fast rules but Bitcoin is traced, tracked and created by miners mining the Blockchain, and supporting the technology which is Blockchain.
Mining bitcoin is made up the following criteria
- Hashing Power
- Luck
- Difficulty
- Competition
- Chinese dominance in the Blockchain
- You cannot guarantee Bitcoin reward pay-out size
The top mine BTC.com has a hashing power of 9.3 EH (This is a heck of a lot of 0000s)
The bottom rated mine on BTC.com is KanoPool and they have 112PH – these guys are battling to win the competition to win the hash problem and earn bitcoin.
So, if your mine is guaranteeing 5BTC a week, they better be mining with BTC.com.
Check your mine on 3rd party sites before investing with them.
https://btc.com/stats/pool
https://www.blockchain.com/pools
If you want to chat send me a PM or hit the link https://bitclub.bz/cirrambitcoin
https://cirrambitcoin.wixsite.com/cirrambitcoin
IF YOUR MINE CANNOT PROVE WHERE THEY ARE MINING, OR HOW MUCH THEY ARE MINING, OR YOU CANNOT FIND THEM THEN RUN AWAY – REMEMBER, THE BLOCKCHAIN TRACKS EVERYTHIGN SO IF YOUR “MINE” IS MINING YOU MUST BE ABLE TO FIND THEM ON THE BLOCKCHAIN