Welcome to our MiningOneBitcoin review. Are you wondering if you should invest in Mining One Bitcoin? Make sure you read this first!
On February 3, 2023, one of our partners received the following message from a person who claims being scammed by miningonebitcoin.com for $865:
I invested 800 EUR in a site called miningonebitcoin.com one year ago. Now, my balance is pending withdrawal of ₿0.03693694 and they won’t release it unless I pay the exact same amount. I’ve told them that it feels like a scam because I already invested 800 EUR, and I don’t understand why I should have to invest more to get my original investment back. This is a large sum of money for me.
So is MiningOneBitcoin legit, or is it a SCAM?
MiningOneBitcoin Review
The domain miningonebitcoin.com was registered through eNom, LLC on July 28, 2021, for 6 years. It is hosted by Geniusx Ltd.
It is ranked 18,064 globally and 5,404 in Russia, and it is the 25th most popular site in the Gambling > Lottery category in Russia.
Also, according to SimilarWeb, it received more than 4 million visits in December 2022, mostly from Russia, Ukraine, Kazakhstan, Brazil, Belarus, Pakistan, the USA, France, and India, as well as many other countries.
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At Semrush, they have a 16% Authority Score with more than 12K backlinks, mostly affiliate links, and none from any trustworthy websites.
Contact options include a contact form, live chat, and an email address: admin@MiningOneBitcoin.com.
They also provide an address:
6 Bevis Marks,
London, United Kingdom,
EC3A 7BA
This is Lockton House, according to Google Maps, a building that houses many companies, including MiningOneBitcoin. It is ranked 2 stars based on 11 reviews, most of which seem to be negative and warn others not to invest in the website, as they have experienced either no response to their inquiries or no withdrawals of their investments.
Red Flags
Some claim the site is a scam and their money has been lost. However, there is one positive review that says the site is amazing.
For example, one reviewer writes:
This website is a scam. I invested nearly 1000 euros in contracts with them, and initially, it appeared to be going well. However, I later received an email claiming that I had changed my IP address, which was not true. The website is now asking me to pay a fee equal to 40% of my deposits to reactivate my account.
On their Log in page, they warn: “Please don’t create multi-account, it may cause banned [sic].”
We wonder if they ban everyone who logs in with a different IP, which can happen for most people who use a dynamic IP address that may change every time the modem is restarted.
MiningOneBitcoin has a YouTube channel that was created on April 25, 2022, and currently has 397 subscribers.
Alarmingly, they have disabled comments on their “How to Withdraw” video, and the only other video they have has a majority of negative reviews, with users claiming that it is a scam.
Several users have experienced problems with depositing and withdrawing funds, and have mentioned that the support team is unresponsive. Additionally, some users have reported that their mining activity becomes inactive after making a deposit, and others have reported losing money. Though there are a small number of positive reviews, the majority of feedback has been negative.
What is MiningOneBitcoin?
The website “MiningOneBitcoin.com” offers easy bitcoin and altcoin mining with a free 100 GH/s start.
They boast a successful mining history since 2012 and claim to have over 500 million dollars in assets with over 100,000 investors.
The company also offers a referral program, where referrals receive 100gh/s for free, and referrers earn a 5% commission from their referral’s daily profit.
Mining Contracts
They offer various mining contracts, which provide a certain amount of mining power measured in GH/s (Giga hash per second) for a specified contract time period of 30 days.
The contracts offer various amounts of mining power, with
- Starter offering 500+ GH/s
- Light offering 1,500+ GH/s
- Golden offering 15,000+ GH/s
- Soros offering 30,000+ GH/s
- Buffett offering 60,000+ GH/s
- Musk offering 100,000+ GH/s
- ATM offering 1,000,000+ GH/s
- Satoshi offering the most with 10,000,000+ GH/s.
The minimum and maximum deposits required for each contract vary, with Starter requiring a minimum deposit of 0.0005 BTC and a maximum deposit of 0.001 BTC. In comparison, Satoshi requires a minimum deposit of 10 BTC and a maximum deposit of 20 BTC.
The daily and monthly profits for each contract also vary, with Starter offering a daily profit of 0.00003 to 0.00006 BTC and a monthly profit of 0.0006 to 0.0012 BTC. In comparison, Satoshi offers a daily profit of 1 to 2 BTC and a monthly profit of 30 to 60 BTC.
There are no withdrawal or electricity fees for any of the contracts, meaning that all profits earned from mining will be available for withdrawal without any additional fees.
Who is Behind MiningOneBitcoin?
They are officially registered in the UK (company number 13868356), which is true, according to the UK Companies House.
MINING ONE BITCOIN LIMITED is a private limited company incorporated on 24 January 2022 as a business involved in fund management activities by Solomon Ross, the director, and financial controller, from Flat 14, 140 Minories, London, England, EC3N 1NT.
They claim they started mining in 2012 and made the first $1 million in 2014.
Until 2021 they doubled our capital by 500 times and have assets of more than 500 million dollars.
However, according to their Filing history, their statement of capital on January 24, 2022, included only GBP 120,000, which is about $150K.
Allegedly, they currently have more than 10 mining farms in Russia, Iceland, and the United States and more than 200 employees, and 100,000 investors, including individuals, enterprises, and institutions.
On their About page, we learn that MiningOneBitcoin claims to provide Bitcoin mining services in 200 countries worldwide and believes in the future price of Bitcoin being $500,000 to $1,000,000.
The company promises daily credit to users’ account balances for bitcoins mined and fast payment processing within 24 hours of a request.
In addition to Bitcoin, the company offers mining services for various other altcoins such as Ethereum, Litecoin, Dogecoin, Dash, Bitcoin Cash, Binance Coin, and TRON.
The company also offers a refund guarantee for dissatisfied customers.
However, no information is provided regarding the team behind MiningOneBitcoin or the validity of their claims.
The FAQ
The FAQ section of MiningOneBitcoin provides answers common questions about the company and its services.
According to their website, the company was established in 2012 and has since grown to have more than 10 mining farms in multiple countries, with over 200 employees and serving over 100,000 investors.
The process of getting started with MiningOneBitcoin requires a simple and free registration, and no verification or identification documents are required.
The minimum investment and withdrawal amount is 0.0005 BTC, with no withdrawal fees.
Withdrawals can only be made to the payment system used for the deposit, and payments are made in manual mode within 24 hours of the request.
MiningOneBitcoin Reviews
Looking at TrustPilot, we find a 4.1 out of 5 score based on 2,567 reviews, which seems pretty good, but when we look at the negative reviews, we discover that many users have reported issues with accessing their accounts, and some claim that their money has been lost.
Several users believe the company is a scam; some have even threatened the company or its employees.
There are some positive reviews, but these are largely considered to be fake by other users.
Complaints We Received
On August 8, 2023, we received the following complaint:
I received a promotional referral code for the site and signed up, subsequently earning a bonus of 0.26BTC. To withdraw this bonus, I was told to deposit 0.004BTC to activate and verify my account. I completed this deposit on August 4, 2023, at 2:45 pm. The transaction ID is 7d9540e3d55a377a84d7be5713b883fa88d4817396f494e808d1ee45a041f3d9.
Although the deposit was successful, and I initiated a withdrawal for the entire 0.26BTC, the transaction was unexpectedly canceled. Afterward, I received a notification from pay4me.pw instructing me to deposit an additional $84 in bitcoins to access my funds. They stated I should have a total deposit of $200 worth of cryptocurrency. I have not made the additional $84 deposit, as I am now out of funds. I need assistance with this issue.
Bottom Line – Is MiningOneBitcoin a Scam?
In conclusion, our review of MiningOneBitcoin has uncovered several red flags, including reports of scams, unresponsive support teams, inactive miners, and issues with deposits and withdrawals.
With a majority of negative reviews from users and a warning about creating multiple accounts, it raises questions about the legitimacy of this platform.
The company’s mining history and its claimed assets of over 500 million dollars with over 100,000 investors is not supported by any reliable sources.
While they offer attractive mining contracts, a referral program, and a bounty program, these features should not be the sole basis for making an investment decision.
We advise investors to thoroughly research and exercise caution before investing with MiningOneBitcoin.
If you have been scammed by MiningOneBitcoin, or if you have any information about them, please let us know by commenting below this MiningOneBitcoin review.
And if you have lost a significant amount of money to online scams, do not lose hope. We can help you recover your funds!
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Lost my deposited 2000$ in miningonebitcoin.com this site scam 100%