Bitcoin mining scam


Edward Searles asked 5 months ago

Hello I mined with a company called Bitcoin miner robot for months 24 hours a day 7 days a week and had mined a total of 2.3 BTC when I wanted to withdraw it seems the company vanished what can be done to recover funds if anything?

1 Answers
Steven Hay answered 5 months ago

Hi Edward,
 
Well, I see Bitcoin miner robot is an Android app… It may make you feel better to know that there’s no way you could have mined 2.3 BTC on a phone even if you left it running for 1000s of years. Bitcoin mining is today only done on specialised hardware which is many orders of magnitude faster than a phone. So you really didn’t lose anything, except some time and imaginary coins. I’m afraid there’s nothing which can be done, apart from reporting the app as a scam and downrating it. I’ve seen a lot of these “Bitcoin miners” in the Google store and they’re all necessarily scams, as phone mining is not possible for Bitcoin. I dunno what Google are doing allowing all this junk…
 
Anyway, check out Electroneum.com – it simulates mining on a phone and is legit in the sense that it will pay you out in Electroneum tokens (which aren’t worth much as far as I know, but may increase in value if it gets popular). That’s the closest to phone mining which currently exists.

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.