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HOW TO IDENTIFY CLOUD MINING SCAM

Jun 22,2018 at 10:22 pm

As a coin has two sides so too is every situation with its pros and cons. This also applies to Bitcoin and cryptocurrencies in general. As more and more people are turning to cryptocurrency, the risk factor involved in the industry rises as well.



Be it Bitcoin, Ethereum or any other cryptocurrency, all of it comes with a vast number of fraudulent activities. Staying one step ahead of the common people, scam artists set such ingenious traps and the naïve easily become their victims.




Therefore, it is important to do proper research before stepping into the world of cryptocurrencies. The fraudulent activities commonly experienced by amateurs on cryptocurrency sites are many; some of them involve the use of scam coins, contracts, and mining rigs. It doesn’t end here though; the fraudsters are evolving day by day as technology evolves. Thus you should be very alert while indulging in any crypto trade or business. Moreover, figuring out the authenticity of any Bitcoin cloud mining contract can be a difficult task; many websites can write fake reviews for a particular contract firm in exchange for a certain sum of money.


Thus, it is best not to invest in Bitcoin, Ethereum or even Litecoin on the basis of surface knowledge. Proper research from genuine sites and complete analysis before taking any decision must be key points to stay out of any scam and end up losing hard-earned money.


What Drives the cloud Mining scam?

Statistics suggest that from 2014 to 2015, there has been a gradual shift in the type of people indulging in mining rigs. Earlier, individuals used these rigs without giving any second thought because they were very inexpensive. But lately, the prices have increased to a level where a single individual cannot afford it. Also, 80% of the Bitcoin has been mined till date, suggesting that the cryptocurrency market is in a boom; hence, making it easier for the scam artists to easily dupe people by offering multiple contracts for Ethereum, Bitcoin, and other Altcoins as well. 



The main reason behind this is the vast network of the cryptocurrency that spreads across the globe; not falling into a trap can be difficult, however, not completely impossible. Staying alert and following a few guidelines can ensure easy identification and prevention of any scams.


How can you Prevent cloud Mining scam?

Some of the traits which scamsters use nowadays include:

  • They never register the domain name in the name of any real user; also, they never reveal the domain name.
  • In order to provide an illusion of prestige and authenticity, they register a company whose directors are foreigners instead of local citizens as forging the documents is easy abroad.
  • When asked about proof for verification, fraud sites usually provide vague answers.
  • To provide an illusion of honesty and confidentiality, the initial funds that the client invests, are used to make payments, keeping aside the funds received.
  • The fraudsters show a verifiable Bitcoin address from where they make the payments which eventually will stop paying someday.
  • They focus more on promotion instead of quality substance which is usually baseless and vague.
  • The websites to whom the verification of the company is not a priority make the advertisement; also those websites write favourable reviews in exchange for a large sum of money.


Keeping the above points in mind and staying alert over the internet investment in Bitcoin, Ethereum or any other cryptocurrency, cloud mining scam can be prevented.


QUIT AND START EARNING

Jun 20,2018 at 11:18 pm



Based on research, financial independence and/or freedom is an issue that does not exclude anyone living on this planet earth. We can all be financially free but hard truth we can't all be financially free.

According to Robert Kiyosaki,  “Financial freedom is a MENTAL, EMOTIONAL, And EDUCATIONAL Process”. The first part of the process is EDUCATION which is exactly what we are here for. The MENTAL and EMOTIONAL parts belong to you.


In case you didn't know, one day you'll die. and i want to tell you that your job that you hate is a waste of your life.

Most of us usually get a job right around the age of 20 years old and retire at 65 years old. and if we're lucky we live all the way to 80 years old.




But if we take a good look at this, the majority of our life will be spent at work. a recent Gallup poll found that 85% of people in America don't enjoy their jobs. and in China and Japan that number is almost 94%. I know its a crazy statistic.

Most people hate what they do but spend most of their lives doing it anyway.

The question is, do you want to spend the majority of your life doing something that you hate doing ?
and just so you know, If you're slaving away for retirement down at 65 years old, you're missing the point because only 82% of people in the world will actually live to the age of 65, and if you get to 65, on average you only have 15 more years left to live after you retire. and also so you know only 65% of people actually live until the age of 80.

So don't stay at a job where you dread Mondays and live for the weekends, if you don't like your job "QUIT IT"  find another way to make money.


It's ok to wake up tomorrow and completely reinvent yourself and become the person that you've always wanted to be, It's never too late to start.

To ensure our financial breakthrough, we must change our thinking, yes, we need a mindset change. Old ways do not open new doors, so we all MUST learn new ways of earning and investing money.

Now you may be thinking "Well that's unrealistic because i have a family to feed and all that..." what i want you to think is this, If your children grow up to be just like you and you work a job that you hate. Guess what they will do when they get older?, The same thing!

Do you want that life for them? wouldn't you rather have your children watch you live a fulfilled life, doing what you love? So that they can grow up and do the same because no matter how you make your money, whether you're the CEO of a billion dollar company or a janitor we all end up as dust.



So it's with really great love and respect that i want to challenge you to rethink your life and create a second source of income. If you're not happy with your job or your purpose or your meaning in life, Change it!

It's OK to create a trans-generational wealth for yourself and family doing something you love. Don't be so busy making a living that you forget to actually make a life.
 

Do something that you love and be proud of it, Join the fastest growing family accruing wealth through Arkonix Crypto-Currency Mining platform today.

Click ROI to see Arkonix Mining profitability.

THE ONLY CLASSIC COIN TO MINE

Jun 20,2018 at 11:18 am



Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.


Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions.


Transaction Finality

We believe the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law.


This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code.


By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs. Transactions are final; applications are unstoppable.



Decentralized Governance

There are many problems that fester due to centralization and opaqueness; corruption, unaccountability, nepotism, inefficiency and stagnation. Ultimately, centralization leads to fragility; only decentralized systems can stand the test of time.