Bits Mining Review – Is It a Scam or a Legitimate HYIP?
What is Bits Mining? Should you trust Bits Mining and invest your money in this investment program? Read this Bits Mining review and find out if it is worth investing in this HYIP program.
Bits Mining Review
What is the Bits Mining?
Name: Bits Mining
Website address: bitsmining.org
Price: $5 (minimum), $500,000 (maximum)
Referral commission: 5%
Overall Rank: 10 out of 100
From the official site, it is mentioned that the team of Bits Mining Investments is professionally engaged in trading activities since 2014. Bits Mining involves in cryptocurrency on popular international crypto exchanges such as OKCoin, Bitfinex, EXMO and Cex.io.
In addition, Bits Mining is also engaged in private crypto exchange and collaborating with online points of exchanging of electronic currencies in dozens of directions.
Bits Mining has a minimalist website design, that is now all the rage. The HYIP website is highly commendable: clear and uncluttered site layout provides a full information you need for investing.
Bits Mining is a classical example of Ponzi Scheme which actually is employed by the most of HYIPs. According to the website, Bits Mining is an interactive robot, which distributes the funds, received from the earlier investors, among the new ones. The margin of the excess profits are distributed among the creators of the system, and is also used for further development and promotion of Bits Mining services.
Bits Mining offers tariff plans with the yield 160% daily – 2000% every 12 days. Having invested once, your income is streaming at your wallet daily without time limitations.
Deposits & Withdrawals
Bits Mining is a Bitcoin-operated HYIP. Minimum investment amount is $5. Instant withdrawal is possible every day without limitation of amount. To receive profits to your wallet you have to make withdrawal request. All requests are processed automatically and instantly. On weekends or if any problems with e-currencies websites, manual withdrawal time is up to 48 hours.
Bits Mining allows you not only to earn on investment but to make money on its affiliate program with 5% referral reward. Affiliate commission can be requested to withdraw instantly after its accrual.
Bitcoin investment bot Bits Mining may be a good choice for investors, as this HYIP offers high return investment plan combined with a generous affiliate reward.
Should You Trust Bits Mining?
The Bits Mining is a high-yield investment program (HYIP). If you have read the definition of HYIP on Wikipedia, It is s a type of Ponzi scheme, an investment scam that promises unsustainably high returns on investments (ROI) by paying previous investors with the money invested by new investors.
Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.
Why do people keep joining HYIPs knowing that they are Ponzi schemes?
All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.
Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.
However, most of the people end up losing their savings and hard-earned money.
I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.
I don’t like the reliance on Ponzi scheme in order to make bad money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.
If you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.