TX Mine: Earn Cryptocurrency From Cloud Mining Investment?

While for many investors new to the world of crypto, opportunities within the world of mining may sound extremely appealing. However, the reality of things is quite different. Today, there are more fraudulent ventures and scammy investment schemes in the market than ever before.

Thus, when choosing an investment source, it is of utmost importance that we select a project that has been backed by the crypto community at large, and has been verified by other customers.

About TX Mine

TX Mine is being advertised as a unique platform for cloud mining, that provides its customers with the ability to simultaneously mine some of the most sought-after crypto-coins in the market today. However, one quick look at the website, and things start to fall apart for this service.

To start off with, the overall interface of the website is quite poor, and there are many grammatical errors strewn all across the home page. In addition to this, there are many errors within the design of the web page itself. For example, when we clicked on the “Multiple Account Option” within the FAQ section, a random search query code came up.

Similarly, under one of the other questions, the answer was written in Portuguese. All of these signs aim at poor interface quality, as well as the product being a potential scam.

Other Things To Be Vary Of

(i) Unrealistic Returns:

According to the official website, TX Mine “guarantees its users a stable investment income of 40% per month’. This figure is simply not sustainable in the currency economic climate, and has not been backed by any factual evidence. In Fact, the frequent use of the world “guarantee” throughout the website is a sign that the entire operation is trying to fleece people of their money.

(ii) No Founder Information:

As we have mentioned time and time earlier, when investing in an upcoming crypto venture, customers should be in full knowledge of the people who are running the show. TX Mine does not provide details of any of its founding members, or even provide us with a single contact address throughout their website. This is extremely fishy, and points to something that reeks of a fraud.

(iii) Affiliate Program:

In addition to the existing unrealistic returns being promised by the company, they go on to claim that by using their affiliate program, customers can earn an additional 10% on their investments. Again, none of these numbers are backed by any qualitative research or data.

(iv) Strange Domain Details:

Upon conducting a quick search on ‘who.is’ regarding the people behind TX Mine, we found that the website has been registered by a third party online developer called Enom Inc. As a result of this, it is virtually impossible to trace this website to any one person.

Also, while the company claims to have been in the crypto domain for over 4 years, the website was registered only recently on the 5th of June, 2017.

TX Mine Conclusion

From all of the data that we have just presented, it is quite obvious that TX Mine is a quick cash grab scheme. Not only is the website quite shady, but the lack of any contact details lead us to believe that this operation is not to be trusted. Hence, in closing, we would like to say that interested customers should back away from this service, and look to invest their money elsewhere.

To find other quality investment ventures, users can go visit forums like BitCoinTalk etc, to source out opportunities that are legitimate, and have been verified by other crypto users.