Satominer claims to be an industry leading Bitcoin mining pool. It is supposed to be a cloud mining pool, because you don’t have to run software on your computer, this is done by Satominer miners.
You just have to deposit money and earn up to 9.61% per day. Really?
Satominer couldn’t be a more obvious scam. Just make a quick search for bitcoin mining and you will find plenty of articles about how it is no longer profitable, how companies are shutting down because of this etc.
The reality is that the bitcoin price is low and mining costs high, so mining is no longer profitable. This means that any service promising you almost 10% per day on your investment is a scam.
In fact, 10% was not possible in bitcoin mining even when the price was at the all-time high!
The truth is that Satominer is a scam that obviously operates as a Ponzi scheme. This means that deposits are used to pay some of the profits and grow the system.
But because no mining or any other real business activity is going on, there are no real profits generated and Satominer is doomed to collapse very soon. Ponzi schemes always collapse in the end.
Satominer is a scam, not a mining pool. There is no bitcoin mining going on, just an illegal financial game, stay away from it.
For normal people it is impossible to make money in crypto mining nowadays, but if you are interested in cryptocurrencies, you can try trading them. There is a free demo that you can try.
Remember that trading is risky, so if you later decide to invest real money, be sure to be well-prepared and understand the risks.