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❌SCAM Freemining.club Reviews: SCAM or LEGIT?

myfaucethero

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Freemining.club -Bitcoin Mining Pool
  • Claim your free hashing power every hour with mining rate of 0.00000120BTC
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  • Upgrade & enjoy the benefits of unlimited coin collection.
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Sign-up Link: Freemining.club
 
If I get it right it looks like the upgrade plans have some auto collect.
So you don't need to claim every hour?
Also it looks like a lifetime plan?
Maybe this is more like a HYIP.
Anyway it is free.
Join with the ref link if you want:
https://www.freemining.club/signup?referral=6441
Cloud mining sites are HYIPS. 99% of them are Ponzi schemes that use money from old investors to repay new ones. They'll stop paying or shutdown after some time. The key is to cashout your money before this happens.
 
Good to know. I'm new to this so thank you for the info. I'll try to get what I can then .
P.s. I'm sorry but what does HYIPS stand for? I've seen that around and I'm curious.
HYIP stands for "high yield investment programs". They are a type of Ponzi scheme that uses absurd investment returns, like 10% interest per day, to attract people to deposit. After paying their members for some time, they'll stop operating and run away with the money.
 
Joined lately and requested for payout and paid the transaction fees yet have not received the payout after waited for 10 days now. So it is a ponzi scheme!
 
I have reached the minimum limit to withdraw but not it is asking for 0.001 BTC for Maintenance Fee ...

----------------------------

Please Upgrade or Pay maintenance fees of 0.001 BTC to 1PyiYB1xkd9XBvTb92EgovPKjSfsSpNj
and to process withdrawals. (Maintenance fees are only applicable to free Users)

----------------------------

Don't Bother with this, it is a scam.

Cheers
 
I believe we need to update this post to clarify that they are scam,one thing with cloud minning site is they hardly pay for any free services especially when you reach the threshold.
 

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