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Hck H.

USA

Contributor Level

Total Points
100

1 Review by Hck

  • IQ Mining

1/8/24

Bought lifetime contracts in BTC and BCH in early 2021. For a couple months was able to transfer "profits" back to my bank. Suddenly "maintenance" fees increased to consume all payouts, where they remain 2.5 years later even though BTC and BCH are back in ranges where IQ Mining was making me profits in early 2021. Energy and hardware costs have not increased. I should be making money but am not. This is classic behavior of a Ponzi scheme: use new money to pay back a little to foster belief the scheme is real venture, then suddenly profits dry up and excuses start.

If it walks like a Ponzi scheme and talks like a Ponzi scheme, what could it be?

Tip for consumers:
Run away, screaming!

Products used:
Coinbase

Service
Value
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