Profit Miner is a project focused on bitcoin mining. It allegedly is using special algorithms and cloud mining to make mining more profitable.
Profit Miner is offering investment plans with up to 15% return on investment per month.
Is it a genuine opportunity to make money?
Beware of Profit Miner
We made a research about Profit Miner and we found several serious problems, let’ have a look at them.
With the falling price of Bitcoin, mining has become barely profitable, depending on your electricity costs you could even be losing. See this article on CNBC.
Add to this the fact that they wouldn’t be doing it for free, so the real return for them would have to be at least 30% per month. And this is totally impossible in Bitcoin mining nowadays.
Illegal investment service
And providing investment services is a regulated activity that requires a license. But Profit Miner is totally anonymous and unregulated.
Based on what we mentioned above, we believe that Profit Miner is just a Ponzi scam that will collect money and pay some profits with new deposits until the systems collapses because of the lack of new deposits.
So, it might pay some time, but sooner or later it will collapse.
Profit Miner is promising returns that are impossible in Bitcoin mining, therefore we recommend staying away from it.
Mining is barely profitable, you can try bitcoin trading instead, you can test it on a free demo account with a regulated broker.
However, you should know that in trading you can not only make, but also lose money, so act responsibly.