Luxmine.biz: Understanding the Fraudulent Scheme

Welcome to our Luxmine.biz review, where we guide victims of this scam.

Did they scam you? Please let us know by commenting below.

Luxmine.biz Review - Screenshot of Luxmine.biz
Luxmine.biz

On October 30, 2023, one of our partners received the following complaint from someone who reported being scammed for $2,400,000:

Luxmine.biz, a pyramid scheme, defrauded users of over 2 million Dogecoin.

So, what exactly was Luxmine.biz?

Luxmine.biz Review

Luxmine.biz was registered on April 7, 2020, last updated on April 10, 2023, and is set to expire on April 7, 2024. The registrar is Dynadot Inc., while the host is LeaseWeb.

It has a SEMrush Authority Score of 2% with 434 backlinks from 58 referring domains.

The site is no longer online, so we can only learn of it through existing Luxmine reviews.

Luxmine.biz Reviews

Based on the Google search results for “luxmine.biz,” it appears that Luxmine.biz has been widely reported as a scam. For example, users on BeerMoneyForum have labeled it as a scam, citing issues with withdrawals and lack of payment.

Here’s a brief summary of the relevant information:

  1. Customer Service Reviews on Trustpilot: Luxmine.biz has customer service reviews on Trustpilot.
  2. User Discussions on Forums and Social Media: Various online forums, including BeerMoneyForum, and social media platforms have discussions and reviews about Luxmine.biz.
  3. YouTube Content: There are YouTube videos that report Luxmine.biz as a scam, providing their own reviews and experiences.
  4. Additional Online Mentions and Discussions: The website is mentioned in various contexts across different platforms, including Pinterest, crypto forums, and blogs.

Trustpilot

The Trustpilot reviews of Luxmine.biz provide a varied perspective on the website’s services and reliability:

Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.

    1. Overall TrustScore: Luxmine.biz has a TrustScore of 2.5 out of 5, with an average rating of 2.3 across 12 reviews. This score indicates mixed feedback from users.
    2. Positive Reviews: A small percentage of reviewers (17%) gave Luxmine.biz a 5-star rating, with some users like Elisabeth Swoboda and Agush Baba mentioning that the site was fast, and free mining was working, leading to successful payouts.
    3. Negative Reviews: A significant majority of users (83%) rated Luxmine.biz with 1 star, indicating a largely negative experience. Common complaints included non-payment of dues, difficulty in withdrawals, and lack of contact or response from the site. For instance, Wiolka Wojtczak mentioned issues with the site being offline and no possibility of contact, while Gabriel Savin noted that the site only paid 50% of the deposit and no more.
    4. Varied Experiences: Some users reported initial success with the platform, followed by problems. Bhaskar Chakraborty, for example, mentioned the site worked for a few weeks before blocking his device and login.
    5. Scam Allegations: Several users, including Viral Videos, shareef, and Roger Wójcicki, explicitly labeled Luxmine.biz as a scam, citing issues like non-payment and disabled payouts.
    6. Company Profile Unclaimed: The Trustpilot profile of Luxmine.biz is unclaimed, meaning the company hasn’t actively engaged with the platform to manage or respond to reviews.
    7. Contact Information: The page lists contact information for Luxmine, with an address in London, United Kingdom. (Snow Hill 6, EC1A 2AY, London, United Kingdom.)

    This mixture of reviews suggests that while some users had positive experiences initially, a predominant number of users faced issues, particularly regarding payouts and communication, leading to widespread allegations of the site being a scam.

    BeerMoneyForum.com

    The discussion on BeerMoneyForum.com regarding Luxmine.biz provides varied insights into the website’s functionality and legitimacy. Here’s a summary of the relevant points:

    1. Description of Luxmine.biz: Introduced as a new cryptocurrency cloud mining platform, Luxmine.biz offered a bonus of 1500 GHS (GigaHash per Second) with additional bonuses every hour. The site also featured a referral program and claimed to offer daily profits ranging from 1% to 7.5%.
    2. User Experiences: Members of the forum shared their personal experiences with Luxmine.biz. Some users, like coinprincess, reported receiving bonuses and seemed initially satisfied with the platform. Other users, like kingrazu0085, mentioned making small investments and planning to share the payout results.
    3. Withdrawal Experiences: The thread includes mentions of successful withdrawals. For example, kingrazu0085 posted about a successful first withdrawal, including a transaction ID as proof. Similarly, Aadii reported successful transactions using the Payeer system.
    4. Allegations of Scam: However, alongside positive reports, there were significant scam allegations. Members like Boom_UA and Aep_Rief labeled Luxmine.biz as a scam, citing issues with withdrawals that never materialized and payments not being received in wallets.
    5. Questions of Legitimacy: Some members, such as Oregairu, inquired about the site’s legitimacy and payment consistency, reflecting the community’s mixed perceptions and experiences.
    6. Discussions on Investment and Payouts: There was a discussion about the nature of cloud mining sites in general, with users expressing skepticism about their long-term reliability. Aadii, for instance, pointed out that while the site was paying at the moment, the longevity and legitimacy of cloud mining sites are often questionable.

    This discussion on BeerMoneyForum.com suggests a mixture of experiences and opinions about Luxmine.biz. While some users reported positive experiences and successful withdrawals, others strongly cautioned against the platform, labeling it as a scam. This indicates a need for potential users to approach Luxmine.biz with caution and conduct thorough research before investing.

    Guide for Victims of Luxmine.biz

    If you’ve fallen victim to the Luxmine.biz scam, here’s a guide to help you:

    1. Consult a Cryptocurrency Tracing Service: For substantial losses (over $5,000 in cryptocurrency), it’s advisable to consult with specialized services such as CNC Intelligence. These firms have expertise in tracking digital assets and may assist in tracing your lost funds.
    2. Document Everything: Keep all records of your transactions and communications with Luxmine.biz. This includes emails, transaction IDs, screenshots, and any other relevant documentation.
    3. Contact Financial Institutions: If any transactions were made through banks or credit cards, inform these institutions immediately. They might have mechanisms to dispute the transactions and offer fraud protection.
    4. File a Report with Law Enforcement: Report the scam to your local police. Providing them with detailed information can aid in investigations and might help in the broader fight against such scams.
    5. Report to Cybercrime Agencies: Many countries have dedicated agencies for handling online fraud and cybercrime. Reporting your case to these agencies can be crucial for investigation purposes.
    6. Notify Cryptocurrency Platforms: If the scam involved transactions through specific cryptocurrency platforms, inform them immediately. They might have some protocols to address fraudulent transactions.
    7. Seek Legal Advice: Consult a legal expert specializing in fraud or cybercrime. They can offer guidance on possible legal actions and rights.
    8. Warn Others: Share your experience on social media, cryptocurrency forums, and review websites to alert and protect others from similar scams.
    9. Stay Informed About Scams: Educate yourself about common online scams to safeguard against future incidents.
    10. Consider Identity Protection Services: If you’ve shared personal information, think about using identity theft protection services.
    11. Emotional Support: Don’t underestimate the emotional impact of being scammed. Seek support from friends, family, or professional counselors as needed.

    Taking these steps can help in mitigating further damage and contribute to the broader effort of combating online scams. Remember, acting promptly and methodically is crucial in such situations.

    Conclusion

    Our review of Luxmine.biz, based on various sources, presents a complex picture of the platform. The allegations of scam and varied user experiences necessitate a cautious approach for anyone considering involvement with Luxmine.biz.

    Trustpilot Reviews:

    • TrustScore of 2.5 out of 5 from 12 reviews indicates mixed feedback.
    • Positive experiences (17%) were overshadowed by a majority (83%) of negative reviews.
    • Common complaints: Non-payment, difficulty in withdrawals, lack of contact or response.
    • Some users reported initial success, followed by issues like account blocking.

    BeerMoneyForum.com Discussion:

    • Described as a new cryptocurrency cloud mining platform with bonuses and referral programs.
    • Mixed user experiences: Some reported receiving bonuses and successful withdrawals.
    • Significant scam allegations: Users mentioned issues with non-existent withdrawals and non-receipt of payments.
    • Discussions on the site’s legitimacy varied, with skepticism about the reliability of cloud mining sites in general.

    Given these findings, it’s evident that while Luxmine.biz may have offered appealing features and benefits initially, a substantial number of users encountered serious issues, leading to widespread allegations of the site being a scam. The lack of consistent positive feedback, coupled with unresolved complaints and allegations of fraudulent activities, highlights the risks involved.

    For those who have been affected or scammed by Luxmine.biz, it’s crucial to share your experiences and report to relevant authorities. This not only aids in personal recourse but also helps in warning and protecting others from similar predicaments.

    Bottom Line

    In conclusion, considering the mixed reviews, allegations of scam, and the nature of cloud mining platforms, potential users and investors should approach Luxmine.biz with utmost caution. Thorough research, due diligence, and skepticism are advisable before making any investment decision in platforms with similar profiles.

    If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!

    Want to be kept updated regarding similar scams?

    Get instant emails when we publish new scam warnings!


    When you comment, your name, comment, and the timestamp will be public. We also store this data, which may be used for research or content creation in accordance with our Privacy Policy. By commenting, you consent to these terms.

    2 thoughts on “Luxmine.biz: Understanding the Fraudulent Scheme”

    1. I’ve not had any experience with this this scam. However, I recommend you look into SpreadExforex. I was scammed by them. Please warn others.

      1. Dear Robert,

        Thank you for reaching out and sharing your concerns about SpreadExforex. We want to let you know that we have already published a detailed review of SpreadExforex on our website. You can read it here: https://cyberscamreview.com/spreadexfx/

        We understand that being a victim of a scam can be a distressing experience. To help others and to better understand the tactics used by SpreadExforex, could you please share more about your experience? Knowing how you were scammed and the amount you lost can be incredibly valuable information for our readers and can assist in raising awareness about the methods used by such fraudulent schemes.

        Your story can be a powerful tool in helping others avoid similar scams. Please feel free to share as much or as little as you’re comfortable with.

        Thank you for contributing to our community’s fight against online scams.

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    Never lose money to a scam again!

    Get instant emails when we publish new scam warnings!

    Discover more from Cyber Scam Review

    Subscribe now to keep reading and get access to the full archive.

    Continue reading