Don’t invest in Bitmain.farm without reading this first!!

There’s a new service that is claiming to do cloud mining under the name “Bitmain.farm” and I just saw their ad on one of the crypto websites I visit regularly, so I decided to research more about it.

What raised my interest (and suspicion) was the unusually high return rate that they advertised, so I will lay down my finding here for you.

First, let’s see what exactly is being advertised:

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At first glance, the words that stand out: Bitmain, 8% per day and “secure” (scammers really love to boast about how safe and risk-free their offers are…)

Why do I think this is a scam? Well, keep reading (or watch my video below if you’re not keen on reading much).

The first red flag for me was the 8% return. I’ve been in the crypto and online money making business since 2014 and I can tell you that there is NO legitimate business opportunity that has ever been able to offer anything close to that. It’s only hyips that do this kind of claims and these are ponzi-type of schemes that only rotate money for a short period of time and then disappear, usually leaving hundreds or thousands of people in the red.

This is going to be the case with Bitmain.farm too, mark my words. I’ve reviewed loads of similar schemes and I used to post videos to warn people about them back in 2016 but I haven’t done it in a while and I feel it’s time to spread the word again. There are so many newbies that came in this space since then, offering an easy prey for the scammers and it’s our duty to stop them or at least make it harder for the bad actors to scam us.

Let’s continue with my research so you don’t get the impression that I’m writing only on personal conviction or without anything to back up my claims.

Bitmain.farm’s website doesn’t reveal any information about the people who are behind it, nor its location (more red flags) and on top of that it was registered in August 2019 while Bitmain – the actual company and their official website (bitmain.com) has been around since 2007.

In this case, I am convinced that the person who is running Bitmain.farm is fraudulently using the name of the biggest mining and chip producing companies (Bitmain) because their brand is really well-known around the world. For many years Bitmain has been the leading company in mining, responsible for more than 80% of the market share in ASIC producing chips and controlling one of the biggest mining farms Antpool. You can see all of this on their official website and please note that there’s absolutely NO information there about this cloud mining service that Bitmain.farm is claiming to do.
Weird, right?
If you operate such service, wouldn’t you have a link or some type of promo about it on your own official webpage?
Damn right you would.
Except, if you’re not at all running such service and not even aware of it.
Which is the case here. I can say that with great conviction too since it was noted by a user on trustpilot – one of the respected websites for reviews and feedback from users.

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After a quick browse through the comments here it becomes clear that Bitmain.farm is nothing but a scam website and like many others before it, it runs the all-too-familiar ponzi scheme that pays for the first few withdrawals, just enough to make people feel easy and to encourage them to promote it to their friends and followers. Like with many other hyips, users are able to withdraw in the first days/weeks because it is known that the more-cautious members will put in small amounts, then try the withdraws before they deposit the bigger chunks of their capital. This is the strategy that makes people feel confident that the website is “real” and that it pays, so they go bold and start putting in more money and getting their close circle involved too.

There is a 8% affiliate commission offered to members, which is enough to make those early “investors” share it with many others and thus, the scam grows fast, the money keeps coming in, alas, not much of it is ever going out. Here are a more comments from Trustpilot supporting this very scenario:

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In addition to this I also browsed through one of the oldest forums: bitcointalk and the lesser-known “beermoneyforum” where I found more comments and reviews that confirmed everything I laid out above.

Annotation 2020-01-06 180523

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All in all, these reports and comments should be enough to make you keep away from the Bitmain.farm website and avoid loosing money in their ponzi scheme but if you aren’t convinced yet, I hope you will use my research and take it a step further and conduct your own due diligence. At least, I hope this post will help you make an informed decision and will challenge you to do more research.

As far as cloud mining goes, there are really not many opportunities that are legit or profitable for the end user, which is also why I have not been involved with these for quite some time. Out of 30 or more offers I reviewed over the past year, I only picked one that I trust and this is only because I know the people who run the mining. I’d like to note here that I used to be a big proponent of Genesis Mining – one of the first cloud mining companies (which is still running today) and I do have a couple of Zcash and Dash contracts with them since 2016 but I am very disappointed with them since 2018 when they abruptly ended my Bitcoin mining contracts when the mining difficulty rate jumped a lot and the mining became un-profitable for a period of a few months. My contracts were “open-plan” which meant they should run for at least 5 years or more, but they were shut down after just 2.5 years, so in the end, I cannot recommend them either.


For more great crypto content (market analysis, news and more) sign up for my Crypto Newsletter from this link.

All the crypto headlines in one place

I started my own paperly online Newspaper where I collect all the top Crypto reports and articles that shape up the current market so make sure you subscribe to it and receive your daily doze of all things Crypto directly into your inbox.

Check it out here: https://paper.li/e-1517017825#/

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🔑A MUST HAVE !!!

Ledger Nano S – Safest Hardware Wallet

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Bitcoin Bigger than McDonald’s

Yes, this week Bitcoin surpassed the market cap of one of the biggest US exports, that of McDonald’s – the fast food chain in the world.

In other news, there is a new, obscure and very dubious looking hard fork coming in December called Super Bitcoin.

These and other news in my latest Bitcoin Simplified Webisode here:




Further reading:

crypto calendar
news
news article
Lightning wekipedia
https://lightning.network/
http://supersmartbitcoin.com/
https://bitcoin2x.org/
http://bitcoin-2x.org/
https://bitcoin2m.org/

If you are new to Bitcoin, you will find it hard to get your hands on some at first so here is a list of the most popular websites to buy Bitcoin.

🚩 Get $10 worth of Bitcoin on your first $100 purchase from Coinbase with this link:
http://bit.ly/2meNAEf

🚩 Mining Bitcoin : My preferred service is provided by Genesis, whom I have been mining with for the past 2 years. Use the code 28Xwzx and get a discount every time you purchase hashpower to mine Bitcoin or Ethereum, Monero, Lite, Dash and more at:
https://www.genesis-mining.com/
🚩🚩Discount code : 28Xwzx (apply at purchase)

🏆 Best quick exchanger : http://bit.ly/2wB4g1D

🌐To Buy Bitcoin (also Ethereum, Lite, Dash) try these:

►BitPanda (BTC, ETH, DASH) http://bit.ly/2qIwK2N

►Coinbase (BTC, ETH, LITE) http://bit.ly/2meNAEf

►Luno (BTC) https://www.luno.com

►💎Useful wallets with internal exchange features:

►Coinomi : https://coinomi.com (android mobile app)

►Exodus : https://www.exodus.io/ (desktop app)

►Jaxx : https://jaxx.io/ (chrome ext; desktop app; mobile app)

💎other popular choices:
Payeer: http://bit.ly/2gcFD2H
Xapo: https://xapo.com/
Blockchain: http://bit.ly/PrkfpF
BitPanda: http://bit.ly/2qIwK2N

Customers in UK and Europe – Bitpanda : http://bit.ly/2qIwK2N
https://www.coincorner.com/
Most preferred with cheapest rates: localbitcoins.com
Italy seems to like this website: http://www.coinbravo.com/
Asia: https://www.coinhako.com/
Indonesia: https://www.bitcoin.co.id/
India: https://www.unocoin.com/
Zebpay : https://www.zebpay.com
for more, please post a comment so I can add it to this list, thank you!

💻Find me on social media:
►Facebook : https://goo.gl/7fRuDH
►Twitter: https://twitter.com/busyjordy

🔑 A MUST HAVE !!!
Ledger Nano S – Safest Hardware Wallet

click here to grab yours

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1 year anniversary in Video Marketing…

74b5530ce391564995cb338c55688334.jpgThis month [April] marks the first year anniversary since I started running my Youtube channel and I would like to take the time to reflect on my progress and share with you my journey.

I first tapped into network marketing some 10 years ago but at the time I was focused on my photography career and did not follow through with it. Fast forward to 2014, I had just found myself with a little bit of spare cash in my pocket and I decided to look for ways to invest my savings and grow my capital online. Somewhere late that year I found a website that offered pretty much what I was looking for: 120% return on investment (ROI) and a growing memberbase, I learned about Alexa rankings, compounding your earnings, becoming an affiliate, earning commissions, little by little I realised I have gotten myself into another network marketing business although I viewed it as an investment. For a long time I did not want to promote and refer people into it because my network was predominantly art creatives, fashion and design professionals who are in a completely different frequency to the world of network marketing. It took me about 9 months until I decided to take the first step and I started a blog. It was just a diary of my progress with that program, kind of a record of my progress and what I learned. Soon I was hooked into courses and webinars and live events, all the elements of the network marketing industry that set up the road which you’re taking. I tried a bit of affiliate marketing, quickly realised direct sales was not my thing, then I joined more revshares, some hyips, tried binary options, spread betting, looked into forex, didn’t think it’s for me tried product based MLMs, digital-based MLM, more revshares, then came the matrices, the cyclers, I even helped design a matrix-style peer-to-peer program back in October 2016 when my friends Lubos Hollan and Tousif Parvez reached out to me for advice while I was holidaying in the South Of France ( I was already making a very decent online passive income and I had my first major hack attack on my accounts during that trip so it will not be easily forgotten. I lost a few thousand dollars because of being naive and using the same password for everything. Big mistake). I was grateful that this happened when I was already making money online and not earlier when I was still loosing… I have to mention here that I started my online journey with an initial investment of $5000 and by the end of my first year I had lost all of it, so then I had to start afresh.

All in all, I went through a lot in just one year. I seemed to had it all figured out when the first business I was invested in came crumbling down, a month after that the second followed suit, another few weeks went by and the third also disappeared from the online space. I just kept looking for new opportunities. With each loss I learned a new lesson, I got better equipped for the next challenge and I started playing it safe, working with smaller amounts of seed money to minimise and spread out the risks. I also started being more selective and used my experience to warn others about the dangers and the obvious scams out there. At this point my marketing profile was growing and my audience too. I had achieved one of my goals. Having an audience and the real difference came just after that April when I started my videos. That happened last April, exactly a year ago when I joined a video challenge for a business that I had just added to my portfolio called Ford Ad Pays. We were a group of enthusiastic marketers learning to use the power of videos in online marketing. Each day we had a topic that we had to discuss in our videos and one day we had to talk about our goals and this is a video that I am referring to here in my post below. I was in London last week to meet with the directors of a company that I just added to my business portfolio and I took the time to visit my old street, where I was living at the time when I started this online journey and I am proud to say that the tasks I laid out in my video exactly 1 year ago have now been achieved and mainly my re-location plan. I had just decided to try and move to Spain when I recorded this video and at the time it seemed like a distant thought, nothing too serious, just something I would like to be able to do. Well, I am really happy to say, I am writing this post from my new home, in Barcelona, Spain, I moved here just three months ago and it’s the place I asked for exactly one year ago. Target achieved. I am living the laptop lifestyle, making 100% of my income online, no more physical work, I am my own boss. Dreams do come true. If you work hard and keep believing in yourself you can achieve your goals but you need to be consistent and have a plan. Establish some discipline and routine and stick to your targets. Here’s my video message, keep working hard and don’t give up, no matter how hard it gets. Persistence will prevail.

Bitcoin or Gold?

February 24th 2017 will be remembered as the day when Bitcoin finally reached that pivotal point of beating its own record price that was set back in 2014. With this came the inevitable question : Is Bitcoin better than Gold? A touch question if we talk about value in the long run, but I do have a very clear idea about its short term performance…

If you are looking to get your hands on some Bitcoin, my top choice for a beginner is dfinitely Coinbase – the biggest Bitcoin wallet and exchange. Here is my review and tutorial about Coinbase:

Bitcoin – the revolution

bitcoin-perfecthue
2016 will go down as the year when we [the marketing world] embraced Bitcoin.
We started 2016 with some knowledge of the digital currency that has been growing since 2009 [it took us a while, I admit] but once we added Bitcoin in the game things took of and it was really a no-brainer. For a community that earns their income online it makes perfect sense to use this online currency. Surprisingly, it appears that Bitcoin makes things easier rather than complex, but most importantly, the fees are minuscule and that means you get more from your earnings to yourself. 
I bought my first Bitcoin in late Spring for about $425 and I still remember how disappointed I was with myself for an earlier rejection to the idea, at a time when Bitcoin was a mere $130 some years back. Nevertheless, a firm believer in the digital coin, I am happy to see Bitcoin reaching for the $1000 mark. It is something that many early investors are waiting for and it’s happening already.
Well, we are closing the year with a rough price of $950 and up.
What is he future of Bitcoin in 2017? More ups or downs? That is the question on everyone’s lips. Those who came in late and bought it in the past month are going to watch it with trepidation, stress about every little dip in the chart of course but one thing is for sure: Bitcoin will keep rising, it is still the only real crypto on the market that offers usability aside from the general investment outlook which will keep its rising popularity. And there is even a chance that it may hit the mainstream public. And if that happens, we might see it shoot straight up.
A few factors are needed if this is going to happen and the first one is : Promotion.
If we are to see the general public going mad for the coin it has to be marketed correctly. Through the mainstream media. And this is already happening. Financial outlets like newspapers and magazines have been banging on about it for years. It’s time for something more attractive and it’s coming in the shape of a full feature movie. Yes, in 2017 we are to have the first major movie about the revolution of the digital currency and it’s opening really soon.
“Banking on Bitcoin” is a feature film on Bitcoin, its history and future.
Set to be released on January 6, 2017. Produced by Gravitas Ventures, the film will be launched at select theatres and will also be made available on VOD.

The  film covers the most disruptive digital invention since the Internet. It follows the ideological battle underway between fringe utopists and mainstream capitalism. An in-depth coverage of key players in the space including Charlie Shrem, Cameron and Tyler Winklevoss, Barry Silbert, Erik Voorhees, Nathanial Popper, Alex Winter and more gives an insight into how they think this revolutionary cryptocurrency technology will shape our lives.

Could that be the next big push that is needed to carry on the ever growing popularity of Bitcoin into the mainstream and will that help the price reach the long awaited $2000 price value of the currency is yet to be seen but one thing is for sure. Bitcoin is here to stay and 2017 will be crucial year for its development and growth. Many governments are looking at utilising the Bitcoin and if successful they will do more damage to the currency than we would have expected but will they succeed is still questionable.

2017 will be a really interesting year for Bitcoin and we are all eager to find out what is coming.

Happy New Year everyone!

Security must come first…

Online hacking is a big risk for everyone making an income on the internet and it’s not only the big earners and businesses that are targeted. Many recent hacking attacks were directed toward the online marketing community and even those with little experience and new to this marketplace were under threat.
online-security-padlock

Since we are working in the internet space, all our data: accounts, profiles, transactions and so on, is exposed and could be violated if there is enough intent and effort involved. But even if you are not tech-savvy, there is still a chance of reducing that risk by taking some extra precautions.

Here are the most common mistakes we make and how to avoid them:

1 – The most common mistake and quoted as the biggest threat by most security experts is basically our own careless attitude to the issue of hacking. Most of us think that we aren’t important enough to be a target thus being complacent about the passwords we use and how difficult they are.

Tip: With the popularity of Facebook and random messaging, literally everyone is a target, even those of us who are hardly making ends meet. Better be safe than sorry, so make sure your passwords are strong, complicated and incomprehensible. A mixture of numbers and letters, capitals and small and a few special characters are all needed to make your password stronger. The best tip someone gave me recently is to use any unique characters or signs that might only be available in your country region. For instance here in UK we use the pound sign £ and many other keyboards don’t have it, so that’s an idea. 🙂

2 – Using the same password for multiple accounts is possibly the biggest mistake by far, but it stems from the above mentioned negligent take on security, hence why it is coming second in my opinion. This is not an official statistic, it is my take on the facts and based on a combination of research and personal experience.

Tip: Use a different password for each account or profile you have, this way if one account is compromised, your other accounts might be safe (depending on the nature of the hack).
The only time I had a hack on my accounts, I allowed the intruder to steal my money from both Payza and Payeer, two finance related services, both with the same password…and to make things worse, the email linked to these two accounts had the same password. Ideal scenario for an easy hack. The emails that were supposed to alert me of these fraudulent transactions were being deleted in real time so I wasn’t able to find out about the fraud until it was too late and my money was gone.

spam

3 – Another common mistake is using public wifi hotspots when on the go or on vacation. Public wifi is never secure enough and is not to be trusted.

Tip: while it’s okay to use that for social media and other non-paying websites, try not to login in your payment processors from a public hotspot if you are not in an urgency

4 – Opening links from messages on social media. Many of us who work in the network marketing domain are exposed to threats simply due to the fact that we communicate with strangers a lot. Learn to spot suspicious accounts early on, check the profiles of the people you are chatting with. 90% of the personal hacks depend heavily on the interaction with the user. A common trick is to send a virus file in a message, that could range from a exe file, to rar or zip or even just a link that is cookied to a different URL which does the damage. It is sometimes very hard to spot the danger immediately, so you must avoid opening any such files and always make sure that the person sending any links is the real person you’re speaking with and that you know them enough to trust that what they’re sending isn’t affected.

Tip : Make sure that they have enough history and a lot of real photos, just look out for any signs of fake activity, whether it be fake profile pics or lack of pics, lack of posts from previous years or months, lack of personal identity in the profile,

5 – Email hacking is still a very high risk factor. You should have a high level spam filtering in place but for us marketers the spam folder is the new inbox, right? So we ought to be very careful with those newsletters and offers we receive from the numerous programs or networks we sign up for. And of course the payment processors. Not a day goes by without receiving a fake email in my spam folder, asking me to verify my PayPal details or something of the sort.

Tip: If unsure about the authenticity of the email, first check the sender details, sometimes it’s obviously a different email address, but it can even be masked as the original sender, so you should always be suspicious of any email asking for confirmation of any details that directs you to a link. Reach out to the sender’s facebook page or website to inquire about the authenticity first. This is a must.

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6 – Using anti-virus and anti-malware software is an obvious step you’d think but more importantly, you need to have an updated version (or two) of these . There are free ones like  AVG  or paid ones like Norton or Kasperski. I also use  Malwarebytes  to scan for things that anti-virus programs miss. Get one and update it automatically.

Tip : The same goes for your Internet browser. Always have the latest Chrome, Firefox, Microsoft Edge or Safari versions. Don’t just ignore that update request from your browser, do it right away. Some of those updates are security ones. In fact, keep up to date as to which is  the most secure browser  and just use that. Chrome, I’m looking at you buddy.

7 – Username matching your emails or other accounts. I am still guilty of this since I only found out recently that this was an issue.

Tip : You should make your usernames as complex as your passwords. Special characters and all that jazz. It should be unpredictable and not a real word.

8 – Being lazy when it comes to back ups is a bad habit. Why risk loosing important data?

Back up everything. You should constantly be backing up your hard drive, emails and  blog contents  to an external hard drive. If the worst happens and someone deletes your blog content you can get it back up without too much trouble. Imagine if you were relying on a website for your income and it all got deleted?

9 – Not using extra verification is a big setback. Always enable 2-step Authentication on all websites that have this option, especially for financial sites and emails. Whether it be via Google Authenticator or a different one or a text message with the code sent to your mobile, this is a really good feature and is also a must. Do not miss that.

10 – Back to the subject of passwords, here is what Candid Wuest, Threat Analyst at  Symantec has to advise about them:

“Two of the most common and basic mistakes consumers make when it comes to protecting their online assets is not to use strong passwords on all their devices and not applying patches or software updates, leaving people exposed to exploits cybercriminals actively leverage. The most common password of all is simply the word ‘password’. People think they are being clever – but it is one of the first words cyber-thieves try. Other passwords to avoid include children and pet names as well as favourite football teams and dates of birth – all commonly used. A hacker can find such details easily on social media such as Facebook and Twitter.

A better idea to create strong passwords is to remember a phrase – for example, “An Apple a Day Keeps the Doctor Away!”. The sentence as a whole, including spaces, would be the best password to use. If the system is older and only allows for short passwords, then use the first letters and you have a password “AAaDKtDA!”. If you also want numbers in it, then change a letter to a number that reminds you of the letter or replace words. For example, 1AaDKtD1!.

Use a password manager, such as Norton Identity Safe, to help remember multiple strong passwords across all your online accounts. Where possible, enable additional security features such as two factor strong authentication.

So these are all the tips I could think of today. Hopefully this post will make you revise your security and will improve your awareness on the subject.

And before I go, here is a list of the 25 most commonly used passwords according to a survey published by the Daily Telegraph

123456

password

12345678

qwerty

12345

123456789

football

1234

1234567

baseball

welcome

1234567890

abc123

111111

1qaz2wsx

dragon

master

monkey

letmein

login

princess

qwertyuiop

solo

passw0rd

starwars

 

If yours is one of these you might want to take action TODAY.

To find out how secure is your current password, go HERE:

To find out another 500 of the most used passwords [not the latest statistic] go HERE

**************

s2

Reference and further reading:

http://www.whatsmypass.com/the-top-500-worst-passwords-of-all-time

https://heimdalsecurity.com/blog/most-common-mistakes-27-cyber-security-experts/

http://www.telegraph.co.uk/technology/2016/01/26/most-common-passwords-revealed—and-theyre-ridiculously-easy-to/

https://howsecureismypassword.net/

http://www.passwordmeter.com/

https://codex.wordpress.org/WordPress_Backups  [back up your blog content]

https://www.mywot.com/en/mobile   [This  can help you  identify if anyone is trying to run a phishing scam on you by showing you what is safe.]