Sophisticated scam but still a scam. Just because they use the same name as the legit website here
minergate.com doesn't mean they are legit at all. I wonder why people still ask about cloud mining websites which offer free gigahash to lure people in at first. It is an absolute scam.
Just keep this in mind next time you want to see if a cloud mining website is real or not
Their bitcoin mining address, videos of them showing a tour of their hardware, place where this hardware is put at. If any of these 3 is not met then it is a big red flag the website is a scam.
Thanks. That's what I thought, wanted to hear if it looks suspicious for other people too. Their long time of activity confused me.
Nowadays cloud mining companies are fully transparent with their hardware etc or shady, hiding it's incopentence as it's in this case.
Unfortunately cloud mining Ponzis can go on for a really long time and still be scams - for example there was HashOcean, which paid over 1% a day and still managed to pay for a year and a half before disappearing. If this one has lasted for that long, it might be a selective scam - meaning that it scams you if you put in a large amount of money, but in small amounts it pays to make you put in more later. These scams are very clever and might even pay some reviewers and commenters to throw you off.