Ethmine xyz is a scam crypto mining platform that claims to be linked to Bitmain, but is in no way affiliated with the Chinese company that supplies ASIC Bitcoin mining hardware.
There’s an immediate red flag when you visit this site – before any kind of sign-up process has taken place you’re prompted to connect your crypto wallet to the platform. This is something legitimate sites don’t do.
The blatant attempt to con users into thinking the platform is connected to Bitmain is another huge issue, and one which cements Ethmine xyz’s place as a fake platform designed to scam users.
Other Ethmine xyz red flags
Aside from the issues above, there are a few other things that reveal Ethmine xyz to be a scam.
They include:
- A very new domain name – a sure sign the platform is a scam.
- No information about the business or registered address.
- No information about how the platform works or how profits are achieved.
- A generic, cookie-cutter website that will no doubt be shut down in the coming months once enough people have been scammed.
- Content that alternates between claiming the platform offers liquidity mining to claiming it offers cloud Bitcoin mining. These are two entirely separate functions.
- Poor use of English and grammatically incorrect text.
- No social media presence or companion apps.
- Claims of audit reports and partnerships with legitimate companies but the links are dead and do not lead anywhere.
Can I get my cash or crypto back from Ethmine xyz
The Ethmine xyz site won’t be around for long – a new site will appear in its place, probably one of hundreds.
If you’ve lost money to this scam it’s highly likely that you’ll have to write it off as securing the return of funds from scammers is very difficult.
There are private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.