Investment opportunity of earning returns of 5% Daily. Genuine or Fraud?

QueenVera

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Quote from: Magicalking on June 25, 2021, 07:40:36 AM

I have been introduced to a group on Telegram named ‘Elite-Hashmining.com ‘ which promises fixed returns of 5% Daily with minimum investment of $100 and can be easily withdrawn after 3 days.

Just as others have said, this is a scam but let assume it was real for a second, you'll be doing yourself more harm than good participating in this service. There's no benefits in giving your money to others to trade for you when you can learn and acquired that skills and make money for yourself and probably charge others to learn from you.

At first it might be very difficult to learn but do understand that anything worth doing isn't always easy but when you dedicate your time and resources to any course you become good at it. Don't go after quick money and you'll be just fine in this industry instead focus on investing your time and money into valuable project like bitcoin and some are projects wanting to add to the value of the industry and not copycats.

Masplanc

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Quote from: Magicalking on June 25, 2021, 07:40:36 AM

I have been introduced to a group on Telegram named ‘Elite-Hashmining.com ‘ which promises fixed returns of 5% Daily with minimum investment of $100 and can be easily withdrawn after 3 days.
Now first of all 5% daily seems too good to be true.
Secondly, ever since I was added to the group, at least 4-5 people have messaged me to register my account asap as it is very huge opportunity I shouldn’t delay it. On their website they have also mentioned referral bonus so I am assuming those people who messaged me are trying to be pushy because of Referral bonus greed. But they could all be the same person trying to convince me.
Third, after casually scrolling through this group I found different people have quoted exact same thing about how good and genuine this company is. I find this highly suspicious, they could be bots or a scammer using multiple accounts.
Fourth, It does not have positive reviews by website’s like Scam advisors and scam queries.
Well but on positive note I haven’t seen even a single complaint of being a fraud in the group or anywhere else on the Internet. But
The company does not have presence in any other social media like Facebook or Instagram.
I need your opinion whether its Genuine or some Scam.

[Elite-hashmining](https://elite-hashmining.com/?a=home)

[Telegram link ](https://t.me/joinchat/uDJo_dFr5vQwNzQ0)

[Scam advisor review ](https://www.scamadviser.com/check-website/elite-hashmining.com)

[Scam query review](https://www.scamquery.com/review/elite-hashmining.com/)

The 5% giving as a bonus daily too hard to believe. It shows it is not really and for it not to have account on Facebook or Instagram it is something you need to question.

I'll advise you not to go into it since you are not too sure if it is real and there is no evidence if it is real

UserU

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Quote from: ?? on ??

Namecheap accept domain used for fraudulent activity, but i'm not sure 5%/day promise is good enough as proof.

Well, anything that sounds too good to be true is definitely one to watch out for.

I've come across these kind of sites from ads. Especially one from TRX that promise astronomical returns. No way the business model would be able to sustain itself without bringing in more victims/ suckers. Like the Ponzi scheme.

Last time there was a famous forex Ponzi (FX United), similar modus operandi. In the end, it collapsed.

boyptc

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TL;DR

If someone gives you an investment with 5% daily, it's a scam. If such offers are legit, no one's going to be poor.

TheNineClub

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5% a day is unrealistic (unless it's a direct investment in BTC or one of the bigger alts and you buy the dip and then sell on the high, but that's a completely different thing). However, I am surprised they went with a modest 5% return Cheesy

Most scams I come across and report on this forum offer over 100% weekly returns. I just don't understand who comes up with that shit.

Fortify

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Quote from: Magicalking on June 25, 2021, 07:40:36 AM

I have been introduced to a group on Telegram named ‘Elite-Hashmining.com ‘ which promises fixed returns of 5% Daily with minimum investment of $100 and can be easily withdrawn after 3 days.
Now first of all 5% daily seems too good to be true.
Secondly, ever since I was added to the group, at least 4-5 people have messaged me to register my account asap as it is very huge opportunity I shouldn’t delay it. On their website they have also mentioned referral bonus so I am assuming those people who messaged me are trying to be pushy because of Referral bonus greed. But they could all be the same person trying to convince me.
Third, after casually scrolling through this group I found different people have quoted exact same thing about how good and genuine this company is. I find this highly suspicious, they could be bots or a scammer using multiple accounts.
Fourth, It does not have positive reviews by website’s like Scam advisors and scam queries.
Well but on positive note I haven’t seen even a single complaint of being a fraud in the group or anywhere else on the Internet. But
The company does not have presence in any other social media like Facebook or Instagram.
I need your opinion whether its Genuine or some Scam.

[Elite-hashmining](https://elite-hashmining.com/?a=home)

[Telegram link ](https://t.me/joinchat/uDJo_dFr5vQwNzQ0)

[Scam advisor review ](https://www.scamadviser.com/check-website/elite-hashmining.com)

[Scam query review](https://www.scamquery.com/review/elite-hashmining.com/)

These HYIP investment programs have been going on since the dawn of time (or the internet?). If you were to deposit $100 and leave it to compound there at a 5% interest rate daily for one year, you would end up with a balance of $5,421,184,157.78 by the end of the year. A cool $5.4 billion dollars. Now why on earth, if this was a legitimate scheme and not a downright fraud, would anyone bother sharing such a seemingly magnificent mechanism of making money if that were possible? Answer: They wouldn't. They wouldn't need your money or anyone elses if they were able to make such a return and that is the simple truth. They make come up with all sorts of ways to try and convince you otherwise, but if you always take a step back and say "why?" then you will protect your money better than being greedy.

UserU

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I guess the answer's pretty obvious... lots of red flags.

LTU_btc

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If something sounds too good to be true, then most likely it's scam. And in this case, scam is more than obvious. First off all, it's cloud mining website. 99% of cloud mining websites (or maybe even more) is just primitive ponzi scheme which turn into scam sooner or later. Second, their return rates, do you really think that 5% daily is possible? Sorry to say, but mining can't give such returns.
And it's not always worth to check reviews about such websites on ScamAdviser or similar platforms. Often these ponzi schemes is recently opened new websites, so often there is no reviews about it.

qwertyup23

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Meh, there are lots of investment platforms that offer the same rates with their outrageous interest rates in hopes of attracting people in the project. Once you invested into them, they will slowly run away and the proceeds that you should be receiving would be in an endless loop of errors and bugs.

Ponzi-schemes are so rampant nowadays that they try to conceal themselves as a legitimate/genuine business investment. They may present themselves with attractive rates and promising business framework but almost all of their end-goal is to profit then to run away.

To be safe, please try to avoid these businesses that offer daily rates that are so good to be true.

VRExpress

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5% a day might look very possible to new crypto investors but look at the big picture mate, that's 150% returns every months so you have your clean answer and the choice is yours to make, to me this reveals that the project is a HYIP (High Yield Investment Plan) or scam project that won't hesitate to exit on you some day while you least expected.

Victorycoin

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5% profit per day This is by no means easy because if you see when you invest that the protein is going to make a profit without doing any work then there is a problem OP already said this is Scam. We see many telegram groups scamming the general public and using the logos and nearby names of many popular sites. I think it's better to stay away from these sites and not invest in anything.

Lafu

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Offer an profit of 5% daily is huge thing and as others already have written no Project or Company will doing this normaly .
Its just an way of catching people and Users so that they invest in it , maybe you will get a few cents out the first time but for the long term you lose.
I would advice to not invest in some kind of projects or cloud mining , i have done that misstake a few years back also with genessis mining.
Its Scam.

traderethereum

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One word: scam.
That is cloud mining.
If you have been inviting to invest in the cloud, then forget it because cloud mining will not give you a profit of 5% daily.
It is better you buy bitcoin and hold it and see the price is up and down. Then, if the price is up, you can sell it and make a profit.
That is your profit for sure and you will have more chances to make the next profit.

GeorgeJohn

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Quote from: Magicalking on June 25, 2021, 07:40:36 AM

I have been introduced to a group on Telegram named ‘Elite-Hashmining.com ‘ which promises fixed returns of 5% Daily with minimum investment of $100 and can be easily withdrawn after 3 days.
Now first of all 5% daily seems too good to be true.

See many platforms are out there for investment and when looking at them it seems like true but observe them very well, you will notice its a scam platform, i Know vividly that what interest you to join them is daily 5% of the interest and after three day you will retrieve your finance or withdraw your money, mate it's capital fraud, that's avenue scammers use to drag the attention of client, please be conscious of scammers.

Quote from: Magicalking on June 25, 2021, 07:40:36 AM

Secondly, ever since I was added to the group, at least 4-5 people have messaged me to register my account asap as it is very huge I shouldn’t delay it.

That's their agents that is helping them to get clients, just try to isolate any of them, if possible you can block those of then that is chatting up and remove yourself from the group because if mistakenly place your hundred dollars $100 automatically you will Lost your money.

DdmrDdmr

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Quote from: Magicalking on June 25, 2021, 07:40:36 AM

<...>

If you want to see exactly the same scam, with very minor layout changes and slightly daily profit offers proposed by the Piper of Scamelin, take a look at this site:

Code:

https[colon]//www[dot]upbitmining[dot]com

This one is probably spread through the same type of channels, in an attempt to diversify and still have the scam running, were one of the sites taken down.

Magicalking

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Quote from: SquirrelJulietGarden on June 25, 2021, 08:10:39 AM

What service can provide such profitable investment for all customers?

It is a scam.

I don't think it is sustainable anyway. They might pay for a while just to draw people in and then go in for the kill. Either ways I'm not falling for the scam. Thank you all for your contributions. I will heed to your advice

Lucius

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Telegram + mining = 100% SCAM

@Magicalking, if you want to avoid things like this, you better delete Telegram and don't use anything like that until you know how to protect yourself from any tempting offers. Social networks combined with cryptocurrencies are ideal for scam, and some people have turned it into a real business worth hundreds of millions of dollars - and for all that they don't even have to leave their home.

Cryptocurrencies are not magic money, and no one will give you 5% a day, it is realistic to get that much per year on some services - with the risk of losing everything you have at any time - exit scams are very popular lately.

Oshosondy

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...gambling responsibly. Do not be addicted.

If 5% daily profit is true, that means it is a ponzi scheme and will ended to be scam and you can be part of the victims that are scammed, but this will likely more to be an exit scam ilwhich you will be scammed directly. If you invest in such, you will be easily scammed. Like bitmover and SquirrelJulietGarden said, it is purely a ponzi scheme. I will also advice you to be careful of telegram, even if the return is 1% or less, so far it is a stranger that is introducing you to such business, it is fake and it is scam, avoid such if you do not want to be scammed.

SquirrelJulietGarden

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Quote from: Magicalking on June 25, 2021, 07:40:36 AM

I have been introduced to a group on Telegram named ‘Elite-Hashmining.com ‘ which promises fixed returns of 5% Daily with minimum investment of $100 and can be easily withdrawn after 3 days.
Now first of all 5% daily seems too good to be true.

Too good to be true -- Bad actually.
5% daily ~ 150% monthly (30 days) ~ 1825% yearly. If you reinvest your 5% daily profit, and the service works as said, you will get more than 1825% yealy.

What service can provide such profitable investment for all customers?

It is a scam.

bitmover

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Of course it is a scam.

You may even make a few bucks for a while, but sooner or latter you will lose everything you have sent them.

There are many DeFi protocolos, such as this one https://coinmarketcap.com/pt-br/currencies/iron-titanium-token/

This token was paying some crazy values per year as well, and just lost 99,99% value in a few hours.
you can read about it here:

Quote

See that highlighted APR of 1,651% in the upper right corner? Divide that by 365 and get the daily percentage rate of 4.52%. Apply that against the amount invested, and she’s getting a little over $471.
Per day!
https://medium.com/cryptozoa/how-to-make-over-1-000-day-with-25-000-invested-in-crypto-on-polygon-4e0490303a8

But some people made some money out of it while it lasted... But most of the people lost it all.

Personally, i prefer to stay away from every ponzi scheme

Topic: Investment opportunity of earning returns of 5% Daily. Genuine or Fraud? (Read 167 times)