Is there a benefit to joining miner pools in their early stages?

Kelward

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Quote from: husencoe on March 05, 2024, 07:46:21 AM

I am really surprised how you can find a website that is only 5 days old and post it here. I'm sure even Google hasn't crawled this website. If you are a developer, just make an announcement here to support you and it will be much appreciated. If you are not a developer or promotion team, stay away from this website immediately. They are really suspicious. A project that offers unreasonable and excessive profits is suspect. Their Twitter is also only 5 days old. Their first post was on Feb 29 2024, and it was the same as their domain registration. I see to be able to mine, you have to connect to your wallet. This is something unnatural. I've heard about websites that can make people lose their assets after connecting to the website. May be this is one of them. I think joining this project is no longer a risk, but suicide. Because the reality has can see with our eyes, this is a fraud.

Everything about this project indicates that it's a scam, and as you said if the OP is not a part of their team and trying to come to this forum to entice us with their unrealistic ROI, then it's best for him not to hop on their scam wagon. Aside from Bitcoin and top altcoins that have proven their reputations in the crypto market, every new projects must be thoroughly researched, so that potential investors will not be scammed of their hard earned money. I wish that there were some sort of regulatory framework in the crypto space that'll signal red flags on scam projects, to protect newbie investors, because most of them will get scammed and label the whole cryptos as scam.

arjunmujay

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Quote from: Kristiyana on March 06, 2024, 05:02:47 PM

Quote from: GreenStox on March 06, 2024, 07:24:04 AM

The profits obtained will not last long if people continue to join, because the number of people there increases while the stock remains so, there will be a reduction in the prize portion.
especially if suddenly the results drop because the number of people continues to increase.

Well in my own opinion I think there is a benefit to join mining pool in their early stage, reason is because if you start from the day one I think before people will think of joining the mining pool I'm pretty sure you must have make alot of profit either.

Indeed, that way you can get more benefits than others. because the earlier, the prizes are still bigger than if many people had joined as miners.
but because this is a new coin, don't hold it for too long. because the longer it takes, and the more miners there are, the more prices will fall. unless the coin has a solid community or token holders.

jrrsparkles

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Yes, but since you are mentioning a project and APR value as 4000% then just shut everything and back off because that's not even realistic value at all. Yes Bitcoin grown from nothing to 60K but it didn't promised miners any guaranteed returns and asked investors to take risk with their money that's the difference between Bitcoin and any shit coin.

Kristiyana

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Quote from: GreenStox on March 06, 2024, 07:24:04 AM

The profits obtained will not last long if people continue to join, because the number of people there increases while the stock remains so, there will be a reduction in the prize portion.
especially if suddenly the results drop because the number of people continues to increase.

Well in my own opinion I think there is a benefit to join mining pool in their early stage, reason is because if you start from the day one I think before people will think of joining the mining pool I'm pretty sure you must have make alot of profit either.

Belarge

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Quote from: GreenStox on March 06, 2024, 07:24:04 AM

The profits obtained will not last long if people continue to join, because the number of people there increases while the stock remains so, there will be a reduction in the prize portion.
especially if suddenly the results drop because the number of people continues to increase.

The heavy drops in number only means the reduce ratio have surpassed the increase percentage which have turn to become a regular activity. The space is unpredictable but to be on the safer side, always advisable to do what we think is appropriate. It's never a good decision to only belong on one losing end, instead focused on the big winning in the system and grab solid ground for the purpose to be among the winning team. People only engaged in what they think is important to themselves. It's usually activity currently, putting yourself first in every activity anticipated.

GreenStox

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The profits obtained will not last long if people continue to join, because the number of people there increases while the stock remains so, there will be a reduction in the prize portion.
especially if suddenly the results drop because the number of people continues to increase.

Volimack

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As far as I am concerned it is better to avoid these projects as these projects will never give high returns. Since it says that investors can get initial benefits, investors can fall under the scam if they invest because it is good. Schemes that promise to get more are scams. The wisest thing to do is not to dive into them these projects do not look good.

Sophokles

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The earlier you join, the more rewards you will get. Especially in any mining contract where you can stake your token for a lucrative APR. Most of the time this high APR doesn't last for too long because as soon as more people come in, the APR goes down and eventually bottoms out at a lower APR so it doesn't remain profitable anymore. But there is high risk as well because a high APR is a common strategy used by scammers to trap investors. Even some meme project offer insane APR to attract farmers but as soon as investors get in, the team drops the price to trap those investors.

batang_bitcoin

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Quote from: strunberg on March 05, 2024, 12:09:38 PM

Quote from: batang_bitcoin on March 04, 2024, 12:26:24 PM

OK, I have to stop here. Any project that promises this type of gain daily is likely a scam and having that much APR is because there are no investors yet. But I'd advise others to avoid any project that promises this much percentage as their ROI on a daily basis.
If everyone invests on that then we're all rich already but there's no way that everyone will be rich this way as it's too good to be true kind of ROI.

They promise unreasonable profits. I would never spend my time studying a project like that. If they can provide profits of that size then of course when the project already has an exchange the initial miners will immediately take advantage and make the project rugpull and end. I prefer projects that make reasonable promises such as clear goals and a reasonable vision and mission.

That's for sure, these high rates are making them interesting in the eyes of those investors that won't do their research. And when they're done, that's the time that they're going to rug pull and take everyone's money. That's why don't be too gullible with such rates because if they're too good to be true, they're likely a scam and they just want your money. Otherwise, just don't give them your attention and only focused on the pools that you know more and are familiar to you.

strunberg

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Quote from: batang_bitcoin on March 04, 2024, 12:26:24 PM

OK, I have to stop here. Any project that promises this type of gain daily is likely a scam and having that much APR is because there are no investors yet. But I'd advise others to avoid any project that promises this much percentage as their ROI on a daily basis.
If everyone invests on that then we're all rich already but there's no way that everyone will be rich this way as it's too good to be true kind of ROI.

They promise unreasonable profits. I would never spend my time studying a project like that. If they can provide profits of that size then of course when the project already has an exchange the initial miners will immediately take advantage and make the project rugpull and end. I prefer projects that make reasonable promises such as clear goals and a reasonable vision and mission.

btc78

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Quote from: Cryptostyle05502 on March 04, 2024, 09:51:24 AM

boasting a 12% daily ROI and an APR of 4380%.

Do you understand how crazy these numbers are? This much of a promise from an early project seems too good to be true. Like you said they are only offering these advantages or benefits to early investors so most likely they are just trying to attract as much investors they can at an early time.

God bless u

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Miner pools do give you profits but what you've listed here I am very much distracted from what actually happens. If these projects can give that much of profits then what else should we need. It seems to be a scam or over claiming project.

Genuine projects actually don't claim such things because they know that the users are well educated so they'll get deeper and We will be exposed. It's better to ignore these kinds of projects to be on the safer side as you mentioned that it's very new so it's not the perfect time to invest in it.Some projects have given good profits so you might be a little greedy but it's very far from reality to what it is claiming.

coin-investor

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Quote from: Cryptostyle05502 on March 04, 2024, 09:51:24 AM

I recently stumbled upon a project called "Minu," gaining attention for its impressive returns for early investors, with a current market cap of $5.52 million. Further exploration led me to another project named Mpepe, offering miner pools in BNB, Cake, and Mpepe, boasting a 12% daily ROI and an APR of 4380%. However, the catch is that you must be an early miner to enjoy these high returns, as joining later may result in a reduced APR. So, what are your thoughts? Is it wise to dive in, or does it carry potential risks?

Website: https://minerpepe.com/

It is more like a Ponzi scheme and a high-risk investment rolled into one checking the website saw this

Quote

Discover The Opportunity To Earn Daily Rewards Of Up To 12% For Life Time.

This is the kind of slogan or enticement HYIP and Ponzi schemes are using to encourage people to invest, the reward is not realistic, and it thrives on referring people to invest and mine too, they offer 15% referral earnings of what they are going to mine.

The trouble with this kind of scheme is sustainability they thrive on people continuously investing which is why they offer very high referral rewards, when people stop coming in to invest the platform will be taken down leaving all investment to their wallet, their objective is very similar to a Ponzi scheme, be the early bird and reap the reward, those who are late coming in here are the ones that are going to suffer.

Quote

the objective is to hire more miners sooner and more frequently than other players. This strategy allows you to earn BNB faster. By hiring more miners using your daily BNB earnings, you can 3x your miner count within 30 days or less.

husencoe

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I am really surprised how you can find a website that is only 5 days old and post it here. I'm sure even Google hasn't crawled this website. If you are a developer, just make an announcement here to support you and it will be much appreciated. If you are not a developer or promotion team, stay away from this website immediately. They are really suspicious. A project that offers unreasonable and excessive profits is suspect. Their Twitter is also only 5 days old. Their first post was on Feb 29 2024, and it was the same as their domain registration. I see to be able to mine, you have to connect to your wallet. This is something unnatural. I've heard about websites that can make people lose their assets after connecting to the website. May be this is one of them. I think joining this project is no longer a risk, but suicide. Because the reality has can see with our eyes, this is a fraud.

wheelz1200

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Cmon you can't really believe this. This along with anything else in life that promises these types of returns are scams. Not maybe but full on scams. So either you are one of the scammers or you haven't come across these types of scams. Either way don't ever deal with these types of things. Blow right past them you will be glad you did.

batang_bitcoin

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Quote from: Cryptostyle05502 on March 04, 2024, 09:51:24 AM

boasting a 12% daily ROI and an APR of 4380%.

OK, I have to stop here. Any project that promises this type of gain daily is likely a scam and having that much APR is because there are no investors yet. But I'd advise others to avoid any project that promises this much percentage as their ROI on a daily basis.
If everyone invests on that then we're all rich already but there's no way that everyone will be rich this way as it's too good to be true kind of ROI.

Cryptostyle05502

newbie

Activity: 2

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I recently stumbled upon a project called "Minu," gaining attention for its impressive returns for early investors, with a current market cap of $5.52 million. Further exploration led me to another project named Mpepe, offering miner pools in BNB, Cake, and Mpepe, boasting a 12% daily ROI and an APR of 4380%. However, the catch is that you must be an early miner to enjoy these high returns, as joining later may result in a reduced APR. So, what are your thoughts? Is it wise to dive in, or does it carry potential risks?

Website: https://minerpepe.com/

Topic: Is there a benefit to joining miner pools in their early stages? (Read 142 times)