Minexcoin was the first coin I got from a bounty hunter, some of me sold it directly after getting and some of it I developed at their bank, but because I saw a bad development finally I sold it all.
I did not expect that minexcoin is now a scam, because I did not invest there anymore so I did not know its progress, I was also concerned to see that someone was deceived by minexcoin. can it be completed later?
Topic: SCAM: MinexPay crypto debit card by minexpay.com / Minexcoin - page 8. (Read 30700 times)
The Minexcoin team try to get cards from start and there are only problems with it. They are obvious scammers and lied from the very beginning.
They sold Minexcoin as a project which has a special algorithm, which will make the price of MNX to go to 70K $, taking into comparison 10 best coins on the market and magically adjust the price to grow on steady 5% per month until 70K $ is reached.
I was very skeptic with this algorithm and asked my friend mathematician who is teaching on Universiteit to take a look at this. He responded that this is nothing new and this will never work. Of course, I shared this news in Minexcoin thread and Telegram group but they banned me instantly. In the thread here on Bitcointalk, my post was very fast hidden between spammy answers and I got few PM's from supporters in which they were treating me to stop spread the FUD.
I found plenty of additional proves that the Minexcoin campaign was full of lies and posted a detailed video review about the algorithm, Minexcoin team, etc., but this was the beginning and the price spiked, so nobody wants to listen. They had so many blind to facts supporters that I had no chance to convince them.
After some time Minexcoin team admitted that the algorithm doesn't work at all. Additionally, they changed everything from the roadmap and never fulfilled any promise from ICO. Even Minexbank which was the only product they provided, finally changed the parking rates so drastically that there is no sense to keep MNX there especially in the bear market when the price is constantly falling.
You cannot sell an ICO to investors and after some time, say that the campaign was fake and all the reasons why people invested in MNX are just fake. Of course, they sold to investors a made up story on why is this happened but the truth is: everything was fake from start.
Only this is enough to prove that they are total scammers.
They sold Minexcoin as a project which has a special algorithm, which will make the price of MNX to go to 70K $, taking into comparison 10 best coins on the market and magically adjust the price to grow on steady 5% per month until 70K $ is reached.
I was very skeptic with this algorithm and asked my friend mathematician who is teaching on Universiteit to take a look at this. He responded that this is nothing new and this will never work. Of course, I shared this news in Minexcoin thread and Telegram group but they banned me instantly. In the thread here on Bitcointalk, my post was very fast hidden between spammy answers and I got few PM's from supporters in which they were treating me to stop spread the FUD.
I found plenty of additional proves that the Minexcoin campaign was full of lies and posted a detailed video review about the algorithm, Minexcoin team, etc., but this was the beginning and the price spiked, so nobody wants to listen. They had so many blind to facts supporters that I had no chance to convince them.
After some time Minexcoin team admitted that the algorithm doesn't work at all. Additionally, they changed everything from the roadmap and never fulfilled any promise from ICO. Even Minexbank which was the only product they provided, finally changed the parking rates so drastically that there is no sense to keep MNX there especially in the bear market when the price is constantly falling.
You cannot sell an ICO to investors and after some time, say that the campaign was fake and all the reasons why people invested in MNX are just fake. Of course, they sold to investors a made up story on why is this happened but the truth is: everything was fake from start.
Only this is enough to prove that they are total scammers.
Add to that the rates they were offering for "parking" MNX was a pathetic miscalculation because there simply were never going to be enough coins going around to fulfil those promises and interest rates.
As pointed out by thunderjet, this Minex project was set up by demolition man Boris because it was a front for him to get hold of money to pump in to his AI and VR dreams of conquering the gaming world but the fool was never ever going to even make a small dent in that business.
The Minexcoin team try to get cards from start and there are only problems with it. They are obvious scammers and lied from the very beginning.
They sold Minexcoin as a project which has a special algorithm, which will make the price of MNX to go to 70K $, taking into comparison 10 best coins on the market and magically adjust the price to grow on steady 5% per month until 70K $ is reached.
I was very skeptic with this algorithm and asked my friend mathematician who is teaching on Universiteit to take a look at this. He responded that this is nothing new and this will never work. Of course, I shared this news in Minexcoin thread and Telegram group but they banned me instantly. In the thread here on Bitcointalk, my post was very fast hidden between spammy answers and I got few PM's from supporters in which they were treating me to stop spread the FUD.
I found plenty of additional proves that the Minexcoin campaign was full of lies and posted a detailed video review about the algorithm, Minexcoin team, etc., but this was the beginning and the price spiked, so nobody wants to listen. They had so many blind to facts supporters that I had no chance to convince them.
After some time Minexcoin team admitted that the algorithm doesn't work at all. Additionally, they changed everything from the roadmap and never fulfilled any promise from ICO. Even Minexbank which was the only product they provided, finally changed the parking rates so drastically that there is no sense to keep MNX there especially in the bear market when the price is constantly falling.
You cannot sell an ICO to investors and after some time, say that the campaign was fake and all the reasons why people invested in MNX are just fake. Of course, they sold to investors a made up story on why is this happened but the truth is: everything was fake from start.
Only this is enough to prove that they are total scammers.
They sold Minexcoin as a project which has a special algorithm, which will make the price of MNX to go to 70K $, taking into comparison 10 best coins on the market and magically adjust the price to grow on steady 5% per month until 70K $ is reached.
I was very skeptic with this algorithm and asked my friend mathematician who is teaching on Universiteit to take a look at this. He responded that this is nothing new and this will never work. Of course, I shared this news in Minexcoin thread and Telegram group but they banned me instantly. In the thread here on Bitcointalk, my post was very fast hidden between spammy answers and I got few PM's from supporters in which they were treating me to stop spread the FUD.
I found plenty of additional proves that the Minexcoin campaign was full of lies and posted a detailed video review about the algorithm, Minexcoin team, etc., but this was the beginning and the price spiked, so nobody wants to listen. They had so many blind to facts supporters that I had no chance to convince them.
After some time Minexcoin team admitted that the algorithm doesn't work at all. Additionally, they changed everything from the roadmap and never fulfilled any promise from ICO. Even Minexbank which was the only product they provided, finally changed the parking rates so drastically that there is no sense to keep MNX there especially in the bear market when the price is constantly falling.
You cannot sell an ICO to investors and after some time, say that the campaign was fake and all the reasons why people invested in MNX are just fake. Of course, they sold to investors a made up story on why is this happened but the truth is: everything was fake from start.
Only this is enough to prove that they are total scammers.
Upaycard blocked permanently UAB KRISTOLINIS DUGNAS account due to massive violations of user agreement,Mastercard regulations and suspicous of money laundering because they were hiding who is true beneficial owner of UAB KRISTOLINS DUGNAS account on Upaycard.
Upaycard let users to withdraw funds they have already on cards but blocked card top-ups,turning cards into unusable zombie cards .They wanted to get rid of Minexsystems/Chian2pay/Minexpay scammers quietly,without making big fuss about it.
Now we know that all Minex hard core supporters(some of them had multiple troll accounts) you are mentioned in post, were actually on Boris paylist and when he stopped paying them they left project literally overnight.
Minexsystems self-moderated topic deleted posts number grew to - 157 posts by 28 users with 2 merit deleted.
Upaycard let users to withdraw funds they have already on cards but blocked card top-ups,turning cards into unusable zombie cards .They wanted to get rid of Minexsystems/Chian2pay/Minexpay scammers quietly,without making big fuss about it.
Now we know that all Minex hard core supporters(some of them had multiple troll accounts) you are mentioned in post, were actually on Boris paylist and when he stopped paying them they left project literally overnight.
Minexsystems self-moderated topic deleted posts number grew to - 157 posts by 28 users with 2 merit deleted.
Thank you for the explanation about the Upaycards being permanently blocked. It was kind of them to allow users to withdraw funds before completely locking their accounts in to zombie mode.
I think that whole Stylopay intermediary story was something demolition man Boris cooked up because he really wanted to keep the scam going for as long as possible while there was a chance for gullible investors to keep buying MNX coins.
Hopefully Stylopay will refuse any collaboration with these Minex and Republia scammers
They will try to sell rest of premined coins,but due to huge lose of confidence in theirs project, it is unlikely they will succeed to find enough gullable people.
They allegedly signed a contract with Stylopay as intermediary for issuing chinese Union Pay cards. Stylopay site is 2 days offline due to expiration of security certificate.It is very interesting that payment processor Stylopay has certificate with only 3 months period of validity plus they are not aware about security certificate expiration.Most payment processors are using certificates with at least 1 year of validity. They dont look reliable at all.It seems that Boris found new Novarise Secrecy.
They allegedly signed a contract with Stylopay as intermediary for issuing chinese Union Pay cards. Stylopay site is 2 days offline due to expiration of security certificate.It is very interesting that payment processor Stylopay has certificate with only 3 months period of validity plus they are not aware about security certificate expiration.Most payment processors are using certificates with at least 1 year of validity. They dont look reliable at all.It seems that Boris found new Novarise Secrecy.
Well it seems demolition man Boris cannot do anything right. The new version of "Novarise Secrecy" will bring the same results as the original one... it will be a complete failure.
So what is the latest with the actual Upaycards that Minexpay claim are "their" cards but really belong to Lithuanian company UAB KRISTOLINIS DUGNAS? Can Minex users still top-up, transfer and purchase in-store or online?
Are those cards completely dead? If so, what happened to the users that had balance on them?
Also, do you remember when the inner circle scammer alliance consisting of Temhuk and Racquemis1 along with paid trolls such as Jedgar, Yurii Pohrebniak / yurez83, akira128 and several others were heavily promoting their and others "unwrapping" of the Upaycards as though it was the best thing in the world? What happened to those pushing the fake news?
Upaycard blocked permanently UAB KRISTOLINIS DUGNAS account due to massive violations of user agreement,Mastercard regulations and suspicous of money laundering because they were hiding who is true beneficial owner of UAB KRISTOLINS DUGNAS account on Upaycard.
Upaycard let users to withdraw funds they have already on cards but blocked card top-ups,turning cards into unusable zombie cards .They wanted to get rid of Minexsystems/Chian2pay/Minexpay scammers quietly,without making big fuss about it.
Now we know that all Minex hard core supporters(some of them had multiple troll accounts) you are mentioned in post, were actually on Boris paylist and when he stopped paying them they left project literally overnight.
Minexsystems self-moderated topic deleted posts number grew to - 157 posts by 28 users with 2 merit deleted.
Oh my God. Price now 0.16$ 
Something went wrong.
I mined this coin in 2017 and sold for $20.
Something went wrong.I mined this coin in 2017 and sold for $20.
All things going wrong here. We have only promises from the team, and nothing more. Now we were waiting two months to run a new card provider and if there something going wrong this will be just another worthless coin.
They gave empty promises one after another,buying time to stay afloat enough to sell all premined coins. Their contract with Stylopay as intermediary for issuing chinese Union Pay cards is a big unknown. They claimed how they will be able to get cards for 2 months ,but I think it is not possible.
UPAY and AdvCash signed contracts with Union Pay in January and February as MSPs (Master Service Provider),but they didnt succeed to issue Union Pay card for 4 months after contract signing.So it is unlikely that Minex which is using quite unknown intermediary Stylopay will do it faster.If things continue to go in present direction,MNX value for 2 months will be about $0.05 and by mine opinion there are 50% chances that MNX would not exist at all for 2 months.
Really very bad to know the situation of this coin because they have given very good promises to the community and many people have invested huge amounts into this project. Really these guys don't have any vision to deliver the things what they mentioned in the roadmap. If this really continues we are going to loose more value for the MNX coin.
They made "promises" so you muppets would buy their scamcoin.
Had to post this here before it go deleted from the scam censored thread
They will try to sell rest of premined coins,but due to huge lose of confidence in theirs project, it is unlikely they will succeed to find enough gullable people.
They allegedly signed a contract with Stylopay as intermediary for issuing chinese Union Pay cards. Stylopay site is 2 days offline due to expiration of security certificate.It is very interesting that payment processor Stylopay has certificate with only 3 months period of validity plus they are not aware about security certificate expiration.Most payment processors are using certificates with at least 1 year of validity. They dont look reliable at all.It seems that Boris found new Novarise Secrecy.
They allegedly signed a contract with Stylopay as intermediary for issuing chinese Union Pay cards. Stylopay site is 2 days offline due to expiration of security certificate.It is very interesting that payment processor Stylopay has certificate with only 3 months period of validity plus they are not aware about security certificate expiration.Most payment processors are using certificates with at least 1 year of validity. They dont look reliable at all.It seems that Boris found new Novarise Secrecy.
Well it seems demolition man Boris cannot do anything right. The new version of "Novarise Secrecy" will bring the same results as the original one... it will be a complete failure.
So what is the latest with the actual Upaycards that Minexpay claim are "their" cards but really belong to Lithuanian company UAB KRISTOLINIS DUGNAS? Can Minex users still top-up, transfer and purchase in-store or online?
Are those cards completely dead? If so, what happened to the users that had balance on them?
Also, do you remember when the inner circle scammer alliance consisting of Temhuk and Racquemis1 along with paid trolls such as Jedgar, Yurii Pohrebniak / yurez83, akira128 and several others were heavily promoting their and others "unwrapping" of the Upaycards as though it was the best thing in the world? What happened to those pushing the fake news?
This is what the censored Minex thread is showing at the moment:
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (154 posts by 27 users with 2 merit deleted.)
They are trying hard to silence critics of their scam but they have failed and Minex has failed. I hope they will not be in a position to scam more people then exit as the end draws close to this scam.
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (154 posts by 27 users with 2 merit deleted.)
They are trying hard to silence critics of their scam but they have failed and Minex has failed. I hope they will not be in a position to scam more people then exit as the end draws close to this scam.
They will try to sell rest of premined coins,but due to huge lose of confidence in theirs project, it is unlikely they will succeed to find enough gullable people.
They allegedly signed a contract with Stylopay as intermediary for issuing chinese Union Pay cards. Stylopay site is 2 days offline due to expiration of security certificate.It is very interesting that payment processor Stylopay has certificate with only 3 months period of validity plus they are not aware about security certificate expiration.Most payment processors are using certificates with at least 1 year of validity. They dont look reliable at all.It seems that Boris found new Novarise Secrecy.
This is what the censored Minex thread is showing at the moment:
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (154 posts by 27 users with 2 merit deleted.)
They are trying hard to silence critics of their scam but they have failed and Minex has failed. I hope they will not be in a position to scam more people then exit as the end draws close to this scam.
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (154 posts by 27 users with 2 merit deleted.)
They are trying hard to silence critics of their scam but they have failed and Minex has failed. I hope they will not be in a position to scam more people then exit as the end draws close to this scam.
hi
i was away again. minexcoin is still there. but i hope that it is obvious for all that this is a scam.
what should be posted in the OP? what is still missing there?
i was away again. minexcoin is still there. but i hope that it is obvious for all that this is a scam.
what should be posted in the OP? what is still missing there?
Nothing special.Everything is clear.
In his last interview to Cryptorich,Boris was talking about getting chinese Union Pay payment cards ,using Stylopay as intermediary,but he was very confusing about it and I got impression that it is just another murky deal.
hi
i was away again. minexcoin is still there. but i hope that it is obvious for all that this is a scam.
what should be posted in the OP? what is still missing there?
i was away again. minexcoin is still there. but i hope that it is obvious for all that this is a scam.
what should be posted in the OP? what is still missing there?
It seems to be heading towards the $0.10 mark now.
Where are the trolls defending this scam? They have all but vanished.
Where is demolition man Boris and where are his inner circle scammer alliance consisting of Temhuk and pool operator Racquemis1 along with paid trolls such as Jedgar, Yurii Pohrebniak / yurez83, akira128 and several others that were defending this scam?
Where are the trolls defending the Minex sister company Republia scam? No bounty participants received their bounty on 15th April 2019 even though they were promised.
Shame on the scammers.
Operating Minex mining pool is far from profitable for a long time.
Racquemis pool has now about 73% dominance, which is about 700 coins mined daily. Pool fee is 0.5%,which brings him 3.5 coins per day or $0.55 daily at today prices.Even when price was $1 and with 50% dominance ,pool income was just $2.4 daily.
Boris had to give him additional money to keep pool operating and for playing such active role in Minexsystems promotion or he would abandoned project months ago.Pool income is so low for months that keeping it and promoting-defending more than obvious Boris scam schemes was not profitable for him.
With Instabuy closure,there is no more income sources for Minexsystems,Boris has to return some money to keep it working and he hates to do that. Boris made serious expenses cut off and support to Racquemis was on the list too.No money,no support as we saw when he recently cut off support for Temhuk troll team.
And price of MNX continue to falling today,closing to $0.15 support level:
Racquemis pool has now about 73% dominance, which is about 700 coins mined daily. Pool fee is 0.5%,which brings him 3.5 coins per day or $0.55 daily at today prices.Even when price was $1 and with 50% dominance ,pool income was just $2.4 daily.
Boris had to give him additional money to keep pool operating and for playing such active role in Minexsystems promotion or he would abandoned project months ago.Pool income is so low for months that keeping it and promoting-defending more than obvious Boris scam schemes was not profitable for him.
With Instabuy closure,there is no more income sources for Minexsystems,Boris has to return some money to keep it working and he hates to do that. Boris made serious expenses cut off and support to Racquemis was on the list too.No money,no support as we saw when he recently cut off support for Temhuk troll team.
And price of MNX continue to falling today,closing to $0.15 support level:
Minex price is heading exactly where you thought it would be heading, towards the $0.15 mark.
Thank you for the additional information about the pools and the amounts scammer Racquemis1 is making per day. It is peanuts and that makes me happy because the scammer deserves even less.
I think all trolls have abandoned this project and demolition man Boris is working out the best way to scam as many people as possible before jumping ship.
Yes,MNX coin is keep sinking. Price now is $0,164972.
One more interesting thing is that theirs support members and hard core supporters Racquemis and Cryptorich completely disappeared from Minexcoin Telegram chat.
Also,few remaining miners are threating to leave MNX mining if theirs incentive is not getting substantial bigger than it is now,so 51% attack looks more and more possible.
It looks that Minexcoin is falling apart faster and faster every day.
One more interesting thing is that theirs support members and hard core supporters Racquemis and Cryptorich completely disappeared from Minexcoin Telegram chat.
Also,few remaining miners are threating to leave MNX mining if theirs incentive is not getting substantial bigger than it is now,so 51% attack looks more and more possible.
It looks that Minexcoin is falling apart faster and faster every day.
The pools operated by scammer Racquemis1 are still operating so I wonder what the reason is he operates useless and worthless pools but now no longer promotes them.
The inner circle scammer alliance consisting of Temhuk and pool operator Racquemis1 along with paid trolls such as Jedgar, Yurii Pohrebniak / yurez83, akira128 and several others have almost fully abandoned this scam but made no apology to the investors that they fooled in to parting with their crypto and cash.
Operating Minex mining pool is far from profitable for a long time.
Racquemis pool has now about 73% dominance, which is about 700 coins mined daily. Pool fee is 0.5%,which brings him 3.5 coins per day or $0.55 daily at today prices.Even when price was $1 and with 50% dominance ,pool income was just $2.4 daily.
Boris had to give him additional money to keep pool operating and for playing such active role in Minexsystems promotion or he would abandoned project months ago.Pool income is so low for months that keeping it and promoting-defending more than obvious Boris scam schemes was not profitable for him.
With Instabuy closure,there is no more income sources for Minexsystems,Boris has to return some money to keep it working and he hates to do that. Boris made serious expenses cut off and support to Racquemis was on the list too.No money,no support as we saw when he recently cut off support for Temhuk troll team.
And price of MNX continue to falling today,closing to $0.15 support level:
Yes,MNX coin is keep sinking. Price now is $0,164972.
One more interesting thing is that theirs support members and hard core supporters Racquemis and Cryptorich completely disappeared from Minexcoin Telegram chat.
Also,few remaining miners are threating to leave MNX mining if theirs incentive is not getting substantial bigger than it is now,so 51% attack looks more and more possible.
It looks that Minexcoin is falling apart faster and faster every day.
One more interesting thing is that theirs support members and hard core supporters Racquemis and Cryptorich completely disappeared from Minexcoin Telegram chat.
Also,few remaining miners are threating to leave MNX mining if theirs incentive is not getting substantial bigger than it is now,so 51% attack looks more and more possible.
It looks that Minexcoin is falling apart faster and faster every day.
The pools operated by scammer Racquemis1 are still operating so I wonder what the reason is he operates useless and worthless pools but now no longer promotes them.
The inner circle scammer alliance consisting of Temhuk and pool operator Racquemis1 along with paid trolls such as Jedgar, Yurii Pohrebniak / yurez83, akira128 and several others have almost fully abandoned this scam but made no apology to the investors that they fooled in to parting with their crypto and cash.
The decline for MNX continues
It is at another new all-time-low is $0.165288
Yes,MNX coin is keep sinking. Price now is $0,164972.
One more interesting thing is that theirs support members and hard core supporters Racquemis and Cryptorich completely disappeared from Minexcoin Telegram chat.
Also,few remaining miners are threating to leave MNX mining if theirs incentive is not getting substantial bigger than it is now,so 51% attack looks more and more possible.
It looks that Minexcoin is falling apart faster and faster every day.
The decline for MNX continues
It is at another new all-time-low is $0.165288
So here we are again....
MNX is heading towards the $0.15 mark very soon
The previous all-time-low was $0.168985 but during the time of this post the new all-time-low is $0.167567
MNX is heading towards the $0.15 mark very soon
The previous all-time-low was $0.168985 but during the time of this post the new all-time-low is $0.167567
This post has been copied here because it will be deleted from the official censored Minex thread
Does MNX have a bottom? will it be 10 or 5 cents? I think they are exiting this scam. Get rid of it while you can.
Today MNX hit new All Time Low at $0,168985 or 334.5x lower from all time high price.
It is going toward $0.15,but if BTC breaks down again, we can see $0.10 very quickly.
Mining difficulty is on very low level,so 51% attack needs low hashing power and it can occurs any time.
Yes it seems $0.15 is the next landmark in the inevitable decline of Minex.
All mouthpieces for both Republia and Minex have gone quiet. The end of both these scams is much closer than we anticipated.
Boris did some Q&A sesion and used the opportunity to lie again. I think that community deserves to get truthful answers on few the most important questions,so lets see what is real truth behind some questions:
3- The monthly operating expense is it 270K USD?
Boris answer: Sources of funding: we have exhausted the resource ICO long ago (about a year ago). The monthly project expenses were more than 260 k. Since November 2018, we have halved the costs and at the moment the project is financed only by my own funds and investors in the card project (chain2pay ou)
---
One man show cost 270k USD monthly?? which drug he uses?
They have only a website and i think I see cafe machine in some garage. Financed by his own fund?
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