Satominer Scam Review – SCAM WARNING!
OFFICIAL SCAM SITE: satominer.io
The Satominer cloud miner is a relatively new cryptocurrency mining system to hit the public. It claims to mine for this weird altcoin known as Satoshi, one that suspiciously enough is not listed on major or minor exchanges. Either way, the Satominer app claims to provide you with profits of up to 10% daily through mining.
Sure, it definitely sounds like a good deal, especially seeing as there is supposedly no work involved on your side. Yeah, apparently you can earn free money for doing nothing at all. Sounds great right? Well, things that sound too good to be true are most often totally bogus. This is what we expect to be the case here with this Satominer system.
For one, they provide absolutely no evidence that this whole crypto mining operation is legit in any way. They make a whole lot of bold claims, but there is no proof to corroborate them. Moreover, we have found quite a few scam factors which indicate that there is something less than legal going on here. At any rate, this is our Satominer scam review and we are here to help keep your money from being thieved from you.
Satominer App – The Company & Ownership
So, first and foremost, this is a cryptocurrency cloud mining app, but who does it belong to? Who owns the company? Who runs it? These are very important questions that we absolutely want the answers to. They are questions that remain totally unanswered. These crooks have purposely gone out of their way to ensure that we never find out who they are. It’s definitely a red flag. Unless there is something illegal going on with this Satominer miner, why would the owners choose to remain hidden from sight? It’s a surefire way to tell that something less than legal is going on here. You just cannot ever trust any kind of anonymous crypto mining system like this.
Moreover, we also have no information about the company itself. Yes, the website claims that this Satominer company is based in Cyprus. However, the address, info, and certifiates provided are totally bogus. They are super easy to fake, and in this case, they have been forged by somebody who does not even know what they are doing. Folks, this Satominer system, the company behind it, has no legal standing. It’s not a legal business entity and it is not officially allowed to accept investments from people! It’s one giant exercise in highway robbery.
Satominer App Profitability
One of the most ludicrous aspects of this Satominer system is how it claims to provide up to 10% ROI per day. Yeah, sure, this would be totally awesome, but it also does not seem realistic at all. For one, altcoin mining is just not that profitable, not nearly as it is made out to be here. Yeah, maybe 1% per day would be possible, but already that is pushing the boundaries of possibility. A 10% ROI per day certainly does not seem doable. Heck, even a real Bitcoin mining app could not pull that off.
Moreover, we are just never shown any evidence that such profits exist. What is also super suspicious here is how this app claims to be a Bitcoin mining app. However, this just is not true at all. Lower down on the site, it is made clear that the Satoshi altcoin is what is being mined for. So, to say the very least, this whole thing is quite confusing. There is also the point that we have received a number of complaints about this Satominer system. Mainly, people are complaining that their investments have disappeared and that profits never materialized.
Other Satominer Scam Factors
There are a few other Satominer scam factors worth noting here. Yes, we did already cover some of the most important points, but there are still more to cover.
- For one, the Satominer app requires your Bitcoin wallet address and even the PIN to your wallet. Folks, any crypto mining app that asks for your wallet address and your PIN is a scam. There is no good reason why they would require your BTC wallet address, let alone the password or PIN to get into it. The claim is that they need it to send you the profits, but this is something you should have to do on your own, withdrawing them we mean. Folks, you should never, not under any circumstances, provide your BTC wallet address, and especially not the PIN, to anybody but yourself. If you do, you are just asking for your money to get robbed from you.
- The other red flag we noticed here is that the Satominer app is quite clearly a Ponzi scheme and a pyramid scheme. We say that it is a Ponzi scheme because it guarantees massive profits to people, yet never delivers them. Furthermore, it is also a pyramid scheme due to the bogus affiliate commission plan that is set up. Supposedly, you can gain more than 30% in total affiliate commissions. All you have to do is to get other family members and friends to invest their money. Folks, this is just a way for the crooks behind the Satominer system to get even more victims. They won’t pay you any kind of commissions, but they certainly will steal money from your friends.
Satominer Review – Conclusion
At the end of the day, the only reasonable thing that we can say about the Satominer system is that it is a total rip off. The owner chose to remain anonymous, plus the company itself is clearly phony. It’s a massive Ponzi scheme that wants access to your BTC wallet, and it certainly never pays out profits or commissions as promised. If you invest your money with this Satominer system, you aren’t going to be happy with the results.
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