Cryptomine.ltd is apparently a Dubai based crypto mining platform that generates upto 30% returns on a monthly basis. According to their narrative, there is no risk associated with their investment packages.
In case you are wondering, know that they are unregulated and the real owners of this firm are unknown. Obviously, most of their claims are fake and their only goal is to loot investors in the name of crypto mining.
We did a thorough study about this platform and found boatloads of flaws. The kind of things they are engaged in ranges from borderline illegal to outright cruel.
If you want to know their real nature and understand the way their operational model works, stick with us till the end. Also, if you have any experience with them, leave a comment below and voice your opinion via our website.
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Is Cryptomine.ltd Trustworthy?
Not at all. First and foremost, this firm is unregulated and they offer high risk investment opportunities to the public. Secondly, the contact details put up by them does not involve a phone number which means they are trying to stay below the radar.
Lastly, the way they sell investment packages is also unethical and we have nothing but bad things to say about them. Lack of regulation along with shady traits means you need to stay away from them or else financial ruin is almost guaranteed.
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Ask yourself, if the opportunity they represented was really risk free, why aren’t they billionaires yet? Once you start thinking logically, you can easily spot all the lies present in their explanation.
How does it work?
Cryptomine.ltd apparently makes money by employing several mining algorithms that are highly efficient. They talk about the electricity price in Dubai and according to the data put up on their site, the electricity cost is said to be low.
We did a few quick calculations and guess what? Crooks running this circus have bluffed about the operational model. It is impossible to sustain double digit returns in the mining space.
Also, the cost for energy is not that cheap in Dubai and it is next to impossible to gain an edge over the other giants in the sector.
Simply put, they are following a ponzi type business model, but are projecting themselves as a legit investment firm.
This platform is said to generate returns ranging from 25% to around 30% on a monthly basis with no risk involved. We do agree that their claims sound amazing. Nonetheless, it will never unfold in reality.
As the mining sector is too competitive, it is not possible to achieve double digit returns even on an annual basis unless you have access to electricity at bargain prices.
Also, the amount required to hedge oneself against price swings of cryptocurrencies are huge. Simply put, do not rely on their calculator because it is just a gimmick used to lure people in.
Cryptomine.ltd claims to be associated with a lot of big firms in the crypto space. However, the reality suggests otherwise. There is no connection between them and the legit crypto exchanges.
As expected, they have not put up any verifiable documents to say otherwise and their motives are too obvious to ignore. Think about it for a moment, why would they lie about themselves unless they had something to hide?
Isn’t the fact that they are pretending too easy to spot?
Is Cryptomine.ltd Scam or Legit?
We can confidently say that this firm is nothing more than a hustle. They talk about crypto mining, but the kind of vague explanation put up by them tells us everything we need to know.
Apart from selling people get rich quick offers, the creators do not specialise in anything that can be categorised as a skill. If anyone proceeds with them, then he or she will lose their money sooner or later.
As the entire plot is predictable, we suggest our readers to avoid interacting with them in any way. After all, isn’t putting our best interest the right thing to do?
Cryptomine.ltd Review Conclusion
Before summarizing our Cryptomine.ltd review, here’s a report one of our partners received regarding the site:
This is the website and after making my first buy on “Bitmain Antminer T17″($1000), I was able to withdraw $40 after 4 days. So it seemed trustable and I bought two “Bitmain Antminer E9″($10000 each) and when I tried to withdraw $1115, the process kept on “waiting” for 5 days now, when the declared time was 24h. I already sent several email to email@example.com, but got no reply.
Cryptomine.ltd is just a ponzi scheme that relies on new investor’s money to keep themselves afloat. In the near future, their momentum will be lost and they will crumble to pieces.
Sadly, only the investors will be at risk at the end of the day.
If you have lost your funds to the Cryptomine.ltd Scam, reach out to us. We will help you recover your money.
Update (March 28, 2023): We received a report from a person who invested $200 with Cryptomine Ltd and successfully withdrew $10 but has not received a withdrawal of $93. They are currently unable to access the website or their account and have emailed Cryptomine Ltd without receiving a response.
4 replies on “Cryptomine.ltd Review – Dubai Scam”
I invested a $1000 package in cryptomine.ltd and got scammed by this platform in less than a month. I did not get the 30% return and I could not withdraw my money. This morning, 14 March 2023, I got kicked out and they blocked my access to my account. This also happened to at least 30 people I know.
Me and 30 of my freinds invest in a company named cryptomine.ltd. for one month everything wasok but after that non of us can withdraw our money and then do not even resopnse us. I am here to confirm your report that this company is really a cyber scam and warn everyone not to invest in this company.
I and my freinds have lost our money in this company. It is 3 days since we put an order to withdraw bitcoin but it has not yet been in our wallet. Would you please help us?
Sorry to hear your were scammed. Please schedule a free consultation with us to see if and how we can help you: https://cncintel.com/recover-assets-csr/