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Caution Investors CRYPTOSCREEK MINING – Regarding Emerging Digital Threats including ICOs and crypto-assets
Cryptoscreek Mining is a company that claims to offer cryptocurrency mining services and investment opportunities. However, there are several red flags that suggest that this company is not trustworthy and may be a scam. In this review, we will examine the regulation and compliance, customer reviews, products and services, location, and customer service of Cryptoscreek Mining.
Regulation and Compliance:
One of the most important aspects of any financial service provider is the regulation and compliance with the relevant authorities. Cryptocurrency mining is a highly regulated activity that requires licenses and permits from various agencies. However, Cryptoscreek Mining does not provide any evidence of being registered or authorized by any regulator in any jurisdiction. Moreover, the company’s address is in Bradford, UK, which is a high-risk area for financial fraud and money laundering. The company also uses a generic email address and a UK mobile phone number, which are not reliable means of communication.
Another way to assess the credibility of a company is to look at the customer reviews and feedback. Unfortunately, Cryptoscreek Mining does not have any positive reviews or testimonials from its clients. On the contrary, there are many complaints and warnings from people who have been scammed or lost money by investing with this company. Some of the common issues reported by the victims are:
– The company does not pay out the promised returns or profits.
– The company charges hidden fees and commissions without disclosing them upfront.
– The company does not allow withdrawals or refunds of the invested funds.
– The company blocks or ignores the customers’ calls and emails when they ask for their money back.
– The company uses fake or stolen identities and documents to lure the customers.
Products and Services:
Cryptoscreek Mining claims to offer various products and services related to cryptocurrency mining, such as:
– Cloud mining contracts that allow the customers to rent mining hardware and earn passive income from mining cryptocurrencies.
– Mining pools that allow the customers to join a group of miners and share the rewards and costs of mining.
– Mining software that allows the customers to mine cryptocurrencies using their own devices.
– Mining rigs that allow the customers to buy or rent specialized equipment for mining cryptocurrencies.
However, these products and services are either fake or overpriced. The company does not provide any proof or verification of its mining operations, such as hash rate, mining difficulty, electricity consumption, or mining rewards. The company also does not disclose the terms and conditions of its contracts, such as the duration, fees, risks, or guarantees. The company also sells or rents outdated or defective mining rigs that do not generate any profits.
Cryptoscreek Mining claims to be located in Hamilton House, 2nd Floor, Duncombe Road, Bradford, UK. However, this address is not valid or registered with any official entity. A simple Google search reveals that this address is used by several other suspicious or fraudulent companies that have nothing to do with cryptocurrency mining. Moreover, the company does not have a physical presence or office in Bradford or anywhere else in the world. The company operates online only and uses fake or stolen identities to hide its true location and identity.
Cryptoscreek Mining claims to have a professional and responsive customer service team that is available 24/7 via phone, email, or live chat. However, this is not true. The company’s customer service is poor and unreliable. Many customers have reported that they could not reach the company’s representatives or get any answers or solutions to their problems. The company’s phone number is often busy or disconnected, and its email address is either ignored or bounced back. The company’s live chat feature is also non-functional or automated.
Based on our research and analysis, we conclude that Cryptoscreek Mining is a scam and a high-risk investment option. The company does not have any legitimacy or credibility in the cryptocurrency mining industry. The company does not comply with any regulations or laws, does not provide any proof or verification of its mining activities, does not have any positive reviews or feedback from its customers, does not have any real products or services, does not have any physical location or office, and does not have any professional or reliable customer service. We advise our readers to avoid this company at all costs and report it to the relevant authorities if they encounter it.