Category Archives: Scam Fraud Activities

Cointellect appears to be similar to Coingeneration in many ways

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Just to name one reason why Cointellect appears to be similar to Coingeneration day by day. Take the latest news for example. This news was published on the Dashboard when user click on Collect earning and Clicked on Cryptopay, the message appears as follow: “Please note that CryptoPay withdrawals will temporarily be disabled while the developers make some upgrades to their API. Withdrawals will be re-enabled within the next 2-3 days.” 

The message above was published on January 13th, and also appears in the official news area of cointellect news website. However today is January 17th, and that message is still there and Cryptopay don’t work. Way passed 3 days and Cointellect don’t care about not meeting deadline nor care about updating the members what going on. Appears to be a one man show, appears to be Coingeneration.com style.

Most likely, the Cryptopay problem was caused by Cointellect not having money to send to Cryptopay, so therefore withdrawal earning cannot be done. It is most likely not an API problem or anything like that, it was simply Cointellect have no funding to send to Cryptopay, and there is no way Cointellect can catch up with the funding payout for all the backlog of earning they need to pay. This is exactly what happened when Payza frozen Coingeneration.com account but released later but Coingeneration didn’t pay the members instead they kept it and ran away.

Part of the reason Cointellect no longer have money is because Bitcoin price dropped dramatically, and if they have real data center mining cryptocoins they would be in trouble not have money to pay for maintenance rent and electricity. If cointellect profit by the continue flow of new investment then they’re also in trouble, because people are investing much as this time due to Bitcoin crash. I will not be surprise if indeed Cointellect will come out being transparent and said due to bitcoin crashed they no longer have funding to pay for investors. Or Cointellect will simply stay low and continue on what they do best, most likely making up stories to delay payout, cannot pay, but will fulfill all payout at a later time which most likely will never happen.

Cointellect hasn’t been making payments for days and counting

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The news published by Cointellect are misleading, not to the point on reason why Payout cannot be made. Like many people know, at the beginning of any HYIP project, payout are fast and consistent. As time goes by, trouble emerges, this is the time to stop investing and pull out.

Many people hope that Cointellect is not the coingeneration.com. Coingeneration.com had done similar project which claimed itself as not HYIP, it is same as Cointellect today. However not within 6 months coingeneration.com fall apart and uses whatever advantage it can take to make up stories and delay payout for them to withdraw all the money to cash and ran away. That’s exactly what happened with coingeneration.com, and they started dgstock.com scam again, then started btc-o-matic.com also another scam again by coingeneration.com. Now cointellect, many people also speculated from the same scammers that ran coingernation.com, we don’t have proof, although the similarities are there.

People still have hope that cointellect is not another coingeneration.com scam, it appears to be at the moment because it cannot make payout. Most think because of the Bitcoin value dropped and cointellection are not making any profit to payout. Cointellect not being transparent about this financial difficulties on making payout, some speculate that cointellect are hoping for cryptocoins such as BTC to rise so they can make payout. If these assumption are true then cointellect is another HYIP similar to coingeneration.com except with real mining pool, although manipulated earning.

Don’t expect cointellect to live long, it will fall apart fast if Bitcoin price don’t go up to at least $320 anytime soon. Expect more stories to be published by cointellect given reasons why they cannot make payout. It’s becoming like coingeneration.com

 

Hashprofit is gone and so is your money

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As many people have already known, back in late December Hashprofit having problems with its websites and became transparent that their HYIP didn’t last long, and officially gone as of today since late December. This is before Bitcoin price today crashed to $100.

This is no surprise, since the price of Bitcoin just crashed to way below the time when it started rising back in 2013. There will be more business related to Cryptocoins in general, not just Bitcoin, will be closing. Some just disappear without a trace since they’re using anonymous or stolen identity to operate, and these are the ponzi scheme scam if someone really fall for it. Some larger business such as Exchange will give a reason and warning, asking users members to withdraw all their Bitcoin before closing down with specific date.

Hashprofit was among one ponzi scam that I talked about previously that don’t show much sign of straight ponzi scam, but it will be, and it did as we already known. Cointellect have similar business model to hashprofit, so the question is how long can Cointellect survive before they disappear? don’t know, just have to wait and see.

I highly recommend everyone to stop investing into any cryptocoins related investments as business might close suddenly or taking advantage of the crash of Bitcoin to pack up and disappear.

 

Many Cointellect members did not get paid doesn’t matter mining or contract mining

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This has been confirmed by many members of Cointellect. Whether you’re mining on Cointellect mining pool with CPU, ASIC, GPU, your own computer, or purchased a mining contract, you will noticed that you’re not getting paid. Your requested paying has been pending for 2 days and continue to stay on pending.

Cointellect published a news sort of explaining what happened, but it is no surprise that any business into cryptocurrencies are falling apart. Whether it’s a legitimate business or simply doing something extraordinary similar to HYIP, small or big, all get impacted by the crashed of Bitcoin down to $100s soon.

Let be fair. Let not just pick on Cointellect as example having difficulty running their business, although it’s probably not legit, HYIP to be exact, but other business a little bit more legit such as CEX.io Cloud mining had to shut down it’s operation, well brought it to a halt to be exact.

Cointellect.com hasn’t been making 100% payment, payment were selective, and relationship with cryptopay appears to be falling apart, payout via Paypal also got cancelled. Dogecoin payout pending for days and continuing. Most likely Cointellect will not be able to make any payout soon when Bitcoin hit $100s in a couple of days. Sad but this is reality now.

So what now? Everyone should be going out and get a real job! whether it’s working at mcDonald or Movie theater, it’s better than online. Although I’m sure many of us learned a lot from this experience of trying to make some money or make a living online, apparently it’s not working isn’t it? 🙂 Well that just my 2 cents. Will keep on blogging. Stay tuned.

[SCAM] cryptodouble.com fake payout proof

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DO NOT INVEST on cryptodouble.com, it is a scam since last week. However there are quiet a few people didn’t do their homework or research got tricked and sent cryptodouble.com large amount of cryptocoins. These are the people didn’t take the time to look at the payout in detail. There isn’t any payout for Bitcoin, for Dogecoin, XPY etc. in large amount. However the Investment kept on flowing in with Dogecoin, XPY, Bitcoin, Litecoin in large quantity. You are basically given cryptodouble.com free money, and nothing you can do about it they’re not paying you.

The website was created by anonymous person, or someone that uses fake identity, or stolen identity. Stolen identity can purchase domain name, web hosting, including Cloudflare, and many others. Stolen identity can use to create online virtual bank account adding fund and start spending under someone else identity. The owner in this case is behind thick layer of proxies always changing to create these types of websites to scam people. Chances are the scam owner will never get caught because of short duration online and using fake stolen identity to operate these scam. None ISP can trace, very hard to trace.

The authority most likely will not get involve because of virtual currencies and not in excess of $1million can be proven. Tough luck for the victims of cryptodouble.com your money is gone. You and many thousands others got fooled by cryptodouble.com

If you’re thinking of investing on these types of ponzi scheme scam like cryptodouble, it’s better to invest in cointellect.com as they appears to be alive for a longer time can be traces just in case of scam.

https://cryptodouble.com/ does not pay to certain investments

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Although from many blogs and forums, from people that had investment with https://cryptodouble.com/ indicated that they had not been paid for days and safe to say this HYIP ponzi scheme scam no longer paid.

Checking at https://cryptodouble.com/ under Payout link, we can see that all the paid out done to pennies cryptocoins, but never Dogecoin, Bitcoin or any cryptocoins that value high. So whoever invested on Cryptodouble with Dogecoin or Bitcoin including XPY can say good bye to their investment forever and nothing you can do about it.

Members that got scammed talks about reporting to the domain registrars and hosting company including cloudflare to shut down the website, but to be honest if you have money invested in that site would you do it? Probably not, because you like many others loss money on cryptodouble afraid that if you report to close down the site, you will for sure to loose all your money, you still have hope that they will pay you. Well folks? just coingeneration.com did the same thing, people never really reported to the authority or website hosting or anyone because the fear and the hope still lingering.

The bottom line, is do your homework before putting your money into these types of ponzi scheme scam, also known as HYIP. Cryptodouble appears to the first of its kind taking full advantage of cryptocoins and being straight forward operating as a ponzi scheme scam, that showed proof of payout but the payout are all pennies amount, not with large investments such as Bitcoin Dogecoin XPY. It’s sad to see people keeps on investing if you checked the All investment links you shall will see money are keep on pouring in, but payout are in the pennies, big investors to cryptocoin double can say good bye to their cryptocoins. In fact I have just seen one investors given 4 BTC to cryptodouble, yeah he or she will loose it all.

Please spread the word, cryptodouble no longer paid to large investors, only payout to pennies investors as proof.

cryptodouble.com hoax fake ponzi scheme scam stealing your cryptocoins

cryptodouble.com hoax fake ponzi scheme scam stealing your cryptocoins

Cointellect Mining Pool performance back to normal?

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Some users are reporting Cointellect Mining Pool performance are getting better than the last three weeks today. Users are saying they don’t see much Not Responding, Waiting For Work, Pool Interupted, Disconnection and so on.

The bottom line is after three weeks of Cointellect Mining Pool problems, it appears that at least today it’s back to almost normal, just today that is, who knows about tomorrow, or the next day or the day after that. Only Cointellect owner would know when they will manipulate the Mining Pool again.

The reason for Cointellect manipulated the Mining Pool or manually interrupted the pool, or causing problem so members cannot connect to it or mine on it, resulting in very little to no earning at all for miners. The reason for for manipulating low earning to mining so members can look for alternative at Cointellect offers, which is the mining contract, as cointellect already stated mining contract not affected by Cointellect Mining Pool, which is strange and questionable, this only lead to members knowing what cointellect really want you to do is to buy mining contract.

Mining contract at cointellect it had became transparent to many people as sort of a ponzi scam or HYIP. Let face it, Cointellect do not want you to mine with your own equipment at cointellect mining pool, even though Cointellect don’t admit it, don’t want to say it, but for sure they don’t want you to mine, they want your to spend on mining contract, as that is how they make money off of you. I will be surprise if Cointellect Mining Pool will stay consistent in the next month or two, most likely there will be trouble and issues off and on continuing just like the past three weeks, cointellect will repeat this problem to force members have no choice but give up mining and purchase mining contract.

Prove me wrong Cointellect! can your mining pool operate without issue like the past three weeks for these next few weeks? Prove that your Mining Done Right slogan is true.

Some information about Cointellect

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Thanks to an anonymous tips. I did some research to confirm also.

Cointellect official facebook page is https://www.facebook.com/JoinCointellect

Cointellect official twitter page is https://twitter.com/cointellecthelp

Any other websites or social media websites you come across might be just another affiliates page just want to make money off you by referring you to cointellect, so most likely these affiliate website will always talks positive a way to get you to invest under their referral code.

There is some connection with CryptoPay and Cointellect, as I’ve checked and that 10EUR is the key amount. Although I cannot confirm at this point on what kind of relationship does the two have, but for sure it’s an exchange partnership and perhaps a contract as well.

As many people already aware of the Cointellect Mining Pool problems, it has became transparent that Cointellect are causing the mining pool problems on purpose to deter people from mining with their own equipment or miners. Cointellect want you to buy mining contract instead. Indeed behind the scene of Cointellect might be HYIP project but could survive a bit longer than others.

Thanks again from the Anonymous tips in regard to Cointellect. 🙂

Cointellect Facebook Name isn’t an official cointellect support person FAKE

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I was reviewing one of the forums that talks about cointellect and notice a post link to facebook Cointellect.Mining.Pool with this comment posted by Cointellect FB name.

I would like to know from you dear shibes, do you think i am doing a good job by being an unofficial Cointellect supporter, write you opinion in the comments and just maybe CoIntellect COO will consider hiring me!

It turns out this person with name Cointellect is simply affiliates person, or so we thought, we don’t really know. Cointellect really getting suspicious. The official website of cointellect is cointellect.com What are all those others social media websites, blogs, and domains? Are all those other websites that talks about cointellect pretending to be official cointellect are now all FAKE? So in the end the official cointellect website can say they’re not holding accountable with what others sites say since it’s not officially cointellect website?

Cointellect Mining Pool continue to have problems heading for third week

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Anyone whom mined at Cointellect Mining Pool over the month, would likely to know this pool isn’t working, there’s all kind of issues with it. Cointellect Mining Pool started working properly then boom, it’s up and down, then getting worst disconnecting miners, not responding. For those that lucky enough to maintain the consistent connection will simply sat there and waiting for work from pools for hours and hours and sometime 12 hours and 24 hours and sometime just freeze.

Bottom line, Cointellect Mining Pool isn’t working, it’s better to point your miners elsewhere. Cointellect official website given no updates on what happen to mining pool ever since the problem started. The only news update were from FAKE cointellect support person name Cointellect facebook whom had been trolling and pretending to be Cointellect Support know it all Cointellect person. Well it turns out he’s a fake, not an official Cointellect support person.

In regarding to Cointellect Mining pool, the official website isn’t publishing any news or updates on when mining pool problem will be rectified. Only affiliates members published news are simply a generic news email probably copy and paste or modified with no detail, saying “we’re aware of the problem and working to resolve” Yeah for 3 weeks? not resolve, not improve.

For close to 3 weeks already, there isn’t any fix, if not worst performance from Cointellect Mining Pool. This is an enhancement version of running HYIP, making, forcing members to have no choice but either drop of mining pool go elsewhere, or join cointellect by sending them money and hope to get it back, chances are you will get back a little bit so that you can see it work but chances are also you will reinvest all, and eventually you will loose it all.

If Cointellect Mining Pool don’t fix this pool issue, it is clearly Cointellect is HYIP, manipulating members into investing money buying contract, because members have no choice, since cannot make money from mining.