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Richard O.

Lagos, Nigeria

Contributor Level

Total Points
83

1 Review by Richard

  • Litecoin (LTC) Mining Pool

7/2/22
Verified purchase

I am Richard Okwudilichukwu, a lover of cryptocurrency cloud mining investment.
This is my honest personal experience and review of the website LTC Miner.com

LTC Miner has its opening slogan that its process is fully automatic.

It is possible that the owners are no longer maintaining it so it is malfunctioning.
But, I'm not here to make excuses for them, except to say my experience on the website.

Three days ago, on the 30th of June 2022, I decided to upgrade my about one week to two weeks free subscription on the website.
I upgraded to the Premium Version 1.1 for 0.25 Litecoins, but before I did that I tested the withdrawal process on my free plan and it was successful.
I processed the upgrade successfully and because I had funds already accumulated from the free plan, I decided to make my daily withdrawal on the upgraded plan.

This version of the upgraded plan has three withdrawals daily, it earns 0.5 Litecoin everyday and it allows three times of 0.01 LTC withdrawal. So, I was going to make my 3 withdrawals for the day.

I processed the first and second withdrawal and they were granted.

But, when I requesed the third withdrawal in the 24 hour time band, it was rejected.
A system report said that I had exceeded my 3 withdrawals for the day, that I should come back tomorrow or I should upgrade to the 1.4 version which had unlimited withdrawal capacity.

Unfortunately that tomorrow has not come yet as the website is still giving the same message three days after.

So I went browsing to find out if my experience was peculiar, and I was sad to discover that it has actually become the trend for most of the upgraded users of ltcminer.com

I read about a person, reported on Trustpilot, who had upgraded to the version 1.3 which was close to the 1.4 and still was getting the same experience of refusal to withdraw.

The issue here is that investors on the website's Litecoin cloud mining process are being systematically cut off from access to their income.
They can see the income growing daily, but are denied ability to withdraw even the portion of it they are allowed.
These daily withdrawal ration once missed can't be accumulated. Another high-handed strategy to force money to remain with them.

The owner of this website is not published, but I copied the litecoin wallet address which I transferred my upgrade coins into.
As they say, if we followed the money we would find the person who runs or owns the website.
Here is the wallet address:

M8U7oybgt4W3nRFxxsXiYHfKLAAFrp326G

The ltcminer.com has been running since 2015 and is said to expire in 2023, so it's not just a flash in the pan.
The owners may have either not been doing the necessary repairs and maintenance causing it to defraud paying users, or they have just turned rogue.
If they are apprehended they would tell which it is.
Thank you for being updated.

NB:
It appears that nothing is wrong with the website afterall.
It's looking though that they're differentiating the subscriber's they are paying.
From my just conducted check on the Payout list, they seem to be paying free members, (possibly as they want them to tell everyone they are paying, and to lure them to upgrade) and V1.4 members.
The stray V1.2 and V1.3 showing on the list are probably new upgrades who may soon be blocked.
There's no V1.1 being paid at all.

So, why does ltcminer.com offer some subscription upgrade levels then segregate against them in honouring their withdrawal requests.

Tip for consumers:
Even if you're using your smart phone, always use your computer to do a security check on any website you want to invest in.
The search engines will always tell you the site is not secure.
Always click on the padlock if it has a warning. If it says the owner of the website is unknown, don't even do any free thing there.

Richard Has Earned 3 Votes

Richard O.'s review of Litecoin (LTC) Mining Pool earned 3 Very Helpful votes

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