Warning Against Investing in Cloud Mining —

Between Fraud, Money Theft, and Platform Breaches: Shamining.com

In what I consider the worst period by far for cloud mining and the instability of cryptocurrencies,

due to the tension in the global economic situation and the ongoing inflation that has driven up prices in many countries,

if not all of them around the world, and as a means of investment, cloud mining is one available path,

or, in clearer terms, cloud-based mining or renting mining workers,

or mining machines equipped with graphics cards and specific specifications to carry out this task on your behalf,

in exchange for paying money as an annual rental fee in return for a yield

on this investment. Among the companies that offer this service

is the aptly named Shamining.com

which gained considerable fame over the last three years, and it has now become clear that most if not all of its operations are fraudulent.

Here is the matter in plain terms:

This company, which claims to be based in the United Kingdom, and when introducing its team — which it claims is highly technically proficient and committed to liability in the event of any harm — Shamining.com gained wide recognition in this field since 2018

and built this reputation by distributing initial profits on a regular basis.

But the disaster does not lie there. After withdrawing your profits for the first time, everything seems fine,

then after that — whether they approve a second withdrawal or not — your account will be suspended,

with the claim that there is abnormal security activity on the account.

Up to this point it seems reasonable, my friend — it appears to be a standard security measure taken to enhance account safety,

but what if I told you that after confirming the account

and proving that everything is fine, you will face one of two outcomes: either the account is closed

and you can no longer reach them,

or the account will be frozen indefinitely under a false pretext on their part

that they have the right to freeze the account for 6 months

to verify your data — which is of course unreasonable.

Strangely, after I thoroughly researched this fake company on both foreign and Arabic websites, I found the situation to be catastrophic

and even worse than that. Let me share some of the facts with you, dear reader — and please bear with me, because my mission here

is to clarify these matters for you so that you do not fall into this trap. I also urge you to share this article with your family and acquaintances

to spread this critical security warning.

Also:

This wretched website was renting out certain individuals whose job was to spread fake news on social media platforms,

for example posting fabricated testimonials claiming it is the best investment and cloud mining company,

and for trading cryptocurrencies or Bitcoin in particular, if that is the right term.

As a major part of misleading the public, deceiving people, and luring victims

and reaching the largest possible number as part of their primary objective,

and after obtaining the largest number of victims and thus getting a great deal of money under their control,

Shamining claims to have been operating since 2018 and that its clients, after closing a one-year contract,

want to reinvest all their money again,

without closing the contract — as a form of re-scamming (excuse me, re-investing) — which makes no logical sense,

since all a miner needs is to withdraw the profit,

which is essentially the return or yield from this investment.

As you can see in this image, this is the current rating of the site on Trustpilot

which is a website for hosting reviews of various businesses online,

a review website established on August 1, 2007, headquartered in Denmark.

The site offers freemium services to businesses. The company relies on users, software,

and a compliance team to report reviews that violate content guidelines and remove them from the platform.

The site now warns of fraudulent rating manipulation and suspicious operations being conducted on this disgrace — which is what I mentioned just moments ago.

These fraudsters had a recruited team tasked with misleading the public in order to trap the largest number of victims possible, and unfortunately,

we all know that this type of investment carries a very high level of risk as it is fundamentally based on decentralization,

and is inherently a high-risk investment from the outset.

Furthermore:

Through personal effort and self-acquired knowledge — not based on any reference, reflecting only my personal opinion —

after tracking the alleged website of these fraudsters, Shamining, I arrived at several surprising findings:

These scammers have returned once again, but this time under the name of a new company

with the same scam method but a different logo and a different website name.

They want to keep getting more and more — they came back under the name G-miners,

and after entering the website, I found many traces left behind from the old domain

or the new website, some of which you can spot yourself as a non-technical person — it's actually quite laughable.

When they came back, they came back with the same words, the same style — and I swear even the same support chat interface

of the so-called technical support, which of course goes unanswered as usual.

Same support staff names — only the name changed and the website color shifted from blue to black, so they gained nothing.

Be wary, dear reader, of falling into any trap of systematic and well-planned marketing fraud. Here are some tips to keep yourself safe:

1- You must thoroughly search for the "About Us" page, examine it carefully, review it in detail, and scrutinize it closely.

2- You must research the website or company's team and look up each member individually.

3- Verify that the domain (platform or network domain) is secure and that there are no attempts to harvest information or breach it.

4- Verify the company's or platform's data before investing, obtaining information, or taking any action online (such as the company name, team, address, and policies).

5- Research the support team's condition and confirm that proper support is available on the website.