If you are looking for the shortcut answers of the queries like “What is StartMiner?” or “Is StartMiner legit or scam?”, then let’s tell you the truth, well Start Miner is in fact a Ponzi scheme, an illegal company that falls under our “Scams” category.
Now let’s get into the detail StartMiner.com review:
Why we say so? It’s because there are lots of factors which we have found not apparent about this site like the issues of business registration as well as its sustainability and existence, the history and details of the owner or operator, big question on their testimonials and claims and lots of complaints about the company around the internet.
What is StartMiner.com?
It is registered in UK Companies House. It is a bitcoin mining pool which claims to have physical miners. But the details of the owner or operator of the website is not revealed in their website and completely hidden within WHOIS. The address they have provided as their contact address is also completely fake and has been used by thousands of other scam companies. Actually that address is a rental address from virtual office address providing companies.
Their registration with UK Companies House also creates a big doubt as anyone can easily register their company in there paying 20 GBP without giving real owner details and company’s actual address. Another interesting part is that another company Bitminer.eu is not only using the same address, but the same registration no. 09951039 and registration documents as it is using. Besides that, there is no evidence that it is mining in some physical locations as it has not provided any physical location of its company as well. They even don’t reveal the public cryptocurrency address to participate in the mining process. So, there is a big question why they are hiding all these information which are very necessary for any legit mining company if it’s really a mining pool?
What StartMiner offers?
They claim that if you invest 5 BTC, they will return you 1 BTC per day. And to take out money from you as an investment, they have designed a business modality in which you can earn 0.0006 BTC per day without investing any money. And in order to earn more BTC, you will invest money in their program getting attracted with their scheme. And until they are in profit with your investment, they will make payments, but when the withdrawal money seems lowering their profit, they will eventually stop paying you and run with your money. Actually, you can find lots of claims from many members for only paying them 1-2 times at starting and then not paying later.
It’s a big question that how this company can sustain for long run paying so much money to you? Why they pay so much to you when they have other sources to borrow money to make an investment and earn, such as banking loan? Why they are intentionally hiding their identity if they are legit? All these queries simply indicate that StartMiner is a scam company. So stay away from such companies and better choose other legit companies to make long term sustainable online income.
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