Dogecoin Cloud Mining Scheme Cointellect Freezes Payment Withdrawal Process: Users Smell Scam
The latest broadcasts from various social media circuits are reporting a halt in Cointellect's payment withdrawal process, further solidifying the company's "Ponzi scheme" tag. The Dogecoin-based cloud mining company have always been grilled by its users and onlookers for a series of issues, ranging from exaggerated service claims to hosting malicious entities on its website. And over the last months, customers have constantly been complaining regarding deliberate transaction delays. The latest reports of frozen funds however are ten-steps ahead - probably a final nail in the coffin - that....
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Several members of the community are accusing CoIntellect.com of being a scam, based on a series of evidences that should attest so. CoIntellect.com is a cloud mining service with a special emphasis on Dogecoin, allegedly based in Tallinn, Estonia, and incorporated under a company called Sonera Corporative OU. Starting from August 27, stories and articles have been published all over the Internet arguing on the legitimacy of the service. "... And it looks fancy, way fancier than any other miner software out there. It has gimmicky graphics which no other miner software has, which leads me....
Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, "I suspect many [cloud mining companies] will turn out to be Ponzi schemes."There have been a few cloud mining scams uncovered over the past year or two, and it appears that another one could unravel in the near future. An anonymous source has provided information to Bitcoin Magazine regarding the possibility of a Bitcoin cloud mining ponzi scheme involving Bitcoin Cloud Services (BCS), which is currently one of the largest cloud-mining providers on....
In the world of cloud-based bitcoin mining, you never know what you are going to get. Most operators should be scrutinized and researched thoroughly before signing up as there are definitely some legitimate operations. However, there are quite a bit of shady practices as well in the cloud mining space. Recently, a lot of discussions have been aimed at....
Turkish police have launched an investigation into a dogecoin investment scheme that has allegedly duped 350 million dogecoins from about 1,500 investors. Dogecoin Scheme Dupes Investors in Turkey The chief public prosecutor’s office of Küçükçekmece, a suburb of Istanbul, is conducting a large-scale investigation into a cryptocurrency scam, Turkish news television channel TV100 reported this week. The scheme claims to be a cryptocurrency system operating under the name “Dogecoin mining.” It promised users a 100% profit in 40 days. The scam’s....
GAW & Zenminer Cloud mining operations have been 'indefinitely put on hold' [sic]. That is the message that greets the Zenminer cloud users while logging into their portal. Zenminer cloud informs the logged in users that this is a move to protect the user's value and to reduce risk. The reasons given are these two, as shown in the image on the right: Continued mining places customer's value at risk. Customers mining efforts at risk. Thanks to all of the factors mentioned below: Bitcoin Roller Coaster Price fluctuations. Unstable Market Conditions. Diminishing Bitcoin Value. Unbalanced Cost....