Genesis Mining
**The ONLY Cloudmining Operator recommended by this project**



Latest Alerts

  • Chipsandprofit.com
    To be fair, this hyip has a pretty good disclaimer explaining 'normal' risk, but these sites are set up to steal, so there is no normal. 12/5/16
  • Spsincome.com
    Another well worn hyip/fraud appearing on a fresh domain. 12/5/16
  • Coinfast.net
    More of the old 'double your bitcoins for you 'guvnor?' It is just a cheap thief. 12/4/16
  • Bitcoin-24online.com
    A rather unimaginative domain change from this ponzi fraudster. 12/4/16
  • Best4invest.biz
    They could easily rename it to Best2avoidthis.fraud but they might not steal as much. 12/4/16
  • Bitcoinworld.biz
    It's like google has translated swahili into urdu into english. So hopefully that is enough to warn you away from this fraud.
  • Nanoreturn.com
    Nano, is not quite as small as your returns from this hyip/fraud. 12/4/16
  • Btcguarantee.gq
    100% guaranteed to lose it. 12/4/16
  • Btc-instantly.weebly.com
    Another coin multiplier fishing attempt. Don't be daft. 12/3/16
  • 1hashmining.com
    It isn't real mining, just a front. 12/3/16
  • Cryptotrader.tech
    Of course it's a scam. There are a few of these 'bot' themed frauds right now. 12/3/16
  • Technocrypto.biz
    Another barely altered Wordpress theme. You will see this theme used a lot by these lazy scammers. 12/3/16
  • Upmcoins.com
    This is dire. If you understand it, you may have other issues besides losing bitcoin to this fraud. 12/1/16
  • Bitnetcoin.com
    Any site offering to make you rich quickly is just a lying thief. This is classic. 12/1/16
  • Smart-dollars.com
    A rash of frauds from this same origin. Don't get suckered by these prolific slime. 12/1/16

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  • Bitomine.com
    It isn't mining, it is ponzi scam. You'll just lose all or most of your deposit. 12/1/16
  • Coinmegabucks.com
    The only mining going on, is them, mining your wallet. There are loads of faked mining sites just like this. 12/1/16
  • Sumfinance.com
    These hyips can only make these ridiculous offers, because they never intend to honour them. Your deposit will get spent on ads to draw in bigger fools. 12/1/16
  • Profitbank.org
    A Hyip/fraud just out to steal bitcoin. All hyips work the same way, they steal as much as they can. 12/1/16
  • Money-click.org
    So, you bid to buy 'promises of profit' how exciting. Wait until you try to withdraw, that's when it is likely to be a lot less fun. 12/1/16
  • Bitassetslimited.com
    Bitofalongdomainname from this crypto scammer. 12/1/16
  • Onelife.eu
    Connected to the Onecoin Ponzi. A massive ponzi scheme that is going to hurt a great many people. 11/30/16
  • Cyrptoshare.co
    No it isn't misspelt. It's the Cryptoshare fraud on a similar domain. 11/30/16
  • Coinshourly.com
    Not much variation from the usual coin multiplier scams. 11/30/16
  • Doublebitcoin.club
    Just because a lying thief has a website, it doesn't mean you have to behave like like a lunatic. Bitcoin cannot double. No ambiguity. 11/30/16
  • Axtrades.com
    Shame that this domain is being used for a fraud, it would make a great Guitar-Exchange site. 11/29/16
  • Superminers.biz
    No it isn't super, and it isn't mining - it's merely a website making fraudulent claims, a scam in other words.
  • Stablepower.biz
    It's true - the site runs completely on Horseshit. 11/29/16
  • We found a Fraud nest
    All hyip/frauds
    Palmills.com, Magnuml.biz, Bpetroleum.biz, Edelweiss5.com, Softmeetbit.com, Truebit.biz, Stablepower.biz. 11/29/16

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  • Bitcofarm.com
    You have to look closely at this kind of fraud. These have a boxful of similar 'Bux' sites, but this ponzi is after bitcoin. 11/29/16
  • Doublecoin.in
    The 'bitatt' scam pops up on yet another domain. 11/28/16
  • 2x24btc.xyz
    The classic coindoubler fraud. The logs are faked - nobody really gains from these common scams. 11/28/16
  • Tophash.biz
    Not dissimilar to the earlier tophash.net fake mining fraud. This is just a hyip/fraud. 11/28/16
  • Sidcash.cc
    Just on the wrong side of funny. Please don't get involved in this fake mining fraud. 11/28/16
  • Bitcoinstep.com
    Best advice is to step over this one, and just keep going. 11/28/16
  • Coindouble.me
    So how do you think they double your bitcoin then? and if they can double bitcoin, why would they need your bitcoin? Come on people - Wake Up! 11/27/16
  • Bitcoin-miners.cf
    There's no such thing as a bitcoin hack. This is a double bad-edged sword. 11/27/16
  • Btc-funds.com
    They don't have any btc and so they want YOUR btc so that they do have some. They won't give it back - why would they? 11/27/16
  • Bitjewel.biz
    At least it is a different theme than gold and oil - still just a fraud though. 11/27/16
  • Dolphindivetrade.com
    I'll bet that Dolphin won't dive deep enough to find any bitcoin you sent. 11/27/16
  • Harvestbtc.com
    This is one of those far too common sites, that have been put together by illiterate idiots. Shame on you if you fall for this. 11/26/16
  • Fedocoin.com
    This Ponzi/Fraud is after just about every coin that is worth anything. Don't get robbed by this thief and his lies. 11/26/16
  • Easybtc.co
    High risk doesn't begin to describe this operator. Stick with the main vendors, some can be found in our safelist. 11/26/16
  • Twobitcoin.com
    This site sets off looking fairly convincing, then they blow it with a blatant Ponzi/Fraud. 11/26/16
  • Minerco.net
    Wtf are 'Virtual Exchanges?' and even the contact email is a non-existent address. 11/26/16

 These are just the most recent badsites. Click below for these and more Cryptocurrency badsites In alphabetical order.
2732 Badsites as at Nov 18th 2016

The complete Badlist


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The Badbitcoin Project
Exposing bitcoin and cryptocurrency frauds since Feb 2014

We want to see Bitcoin & The Blockchain become a successful evolution in the way we trade, bank and exchange contracts, and so we aren't going to let a load of scammers and cheap thieves endanger this movement. Bitcoin, simply put, is a store of value, however, the blockchain it is carried on changes everything.

This project is 100% dedicated to Cryptocurrency. All our revenue and spend is now sourced entirely within this Industry, and we aren't just about Bitcoin, we cover all the main Coins. Bitcoin (BTC or XBT), Litecoin (LTC), Ethereum (ETH) etc. We no longer investigate faucets as these would need their own site.

Start learning about Cryptocurrency safely - visit our Safety Tips page.

We've all looked down the back of our sofas, but we are still short of funds. Any donation, no matter how small will help us keep going. Thanks
1PeFAx7uhZzkuB8QhYdShwrzfCueNBXEVK


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Tip of the Month
Ponzi's Hyip's or schemes promising silly profits

Why there is no point trying to "Play" a Ponzi/Hyip

Ponzi Schemes are named after Charles Ponzi arguably the founder of modern financial fraud, or indeed the Global Financial System.

Some of you, seeing the number of these Hyips and Ponzi's must be thinking about having a go, and maybe trying to beat them. Ask yourself, how much of a sucker do I look? Put yourself in the position of seeing your Mother, sending sending money to some stranger who is promising to double it, and see these sites for what they are - Frauds!

Most reports we receive from people caught up in these sites are from people just like you, who were a bit mystified about these amazing new opportunities to double your 'Magic Internet Money', but Bitcoin is not magic. It can only be created by mining, and traders don't share their profits with you - why would they?

You can't 'Play' a Ponzi. All Ponzi's are frauds, and all Ponzi admins are thieves, and they steal from anybody naive enough to send them money or bitcoin.


'Whatever can go wrong - Will go wrong'   - Murphy


To report Internet Fraud to IC3  - Click Here
To report Internet Fraud to the FBI anonymously - Click Here
To report Internet Fraud to the UK Police - Click Here


 

What is a Ponzi or HYIP?

A Ponzi is any scheme which pays interest to "Investors" from Bitcoin coming in from new Investors. A HYIP (high yield investment program) is just a Ponzi. All Ponzi/Hyips will fail. The later Investors will lose everything when the scheme folds and leaves with the Bitcoin. Most HYIPS and doublers etc, just steal it immediately. You send it and they keep it.
Due diligence is your own responsibility.
There are plenty of good sites out there where your Bitcoin and your work are safe. You just need to do your homework, including checking here. If it isn't in our Badlist, email us, and we'll check it and get back to you.

Here’s the psychology behind the typical ponzi’s & HYIP's run by the “professional” scammers. They know most people will do this.

You deposit a small amount, you want to be cautious, you can’t quite figure out how they do this – but they sometimes double it (or pay promised interest) and pay you.
You think – Ah that’s great, so you either redeposit the entire amount, or just your profit. You get that back and think wow, it works, so then you deposit a much larger amount and in the worst case, even get your friends and family involved in this wonderful money making scheme.

Then one day, after not long it just doesn’t get returned – there is some issue with your account, or your withdrawal is stuck or something similar, so you keep emailing the site and gradually it dawns on you that you’ve been scammed. Commonly the scammer will even show you the transaction, but it just isn't real.

Even if you just put your initial profits back in, the conman hasn’t lost anything – and the depositors who think they are ‘playing’ the ponzi, by getting in early, do try that, and most of them don’t get it back either. People who run Ponzi's are thieves.

Some people empty their life savings into these scams, and they are the ones the scammers are really after. Once they get that big depositor, they move on and create a new ponzi, just leaving the old one alive for a while to mop up any new ‘mugs’ Some even return after a 3 or 6 month absence to catch a fresh load of hits, they will never run out of victims. It’s what they do, and they are expert at it.

The very common bitatt bitcoin multiplier scam


Our Team is made up of volunteers worldwide, and we welcome new contributors.

You will no doubt come across negative comments about this project, but understand that this is the scammers only route to fight back, and a great many of these scammers are the same people who are Senior, and Gold members of forums.
Forums relating to bitcoin are the best source of conflicting information ever, which is why we keep it plain and simple, we tell you it's a badsite (albeit sarcastically - we have to stay sane) and that's really all you need to know to stay safe.

When we started this project, we didn't expect that it would still be needed years later, but the interest in bitcoin is driving every web fraudster to try their hand after bitcoin. The bitcoin Industry on the whole is clean, these fraudsters generally do not come from the inside, but often from the world of fiat, and a great many from developing countries and Eastern Europe.

It can be really easy to misunderstand the bitcoin environment when it's all new to you, and it will take you some time to grasp some of the rules, concepts, and limitations. This leaves you vulnerable to the swathes of scams and ponzis that try to lure you into their promises of easy money, and doubling or even 100 times multiplying your new 'Magic Internet Money'
It doesn't work like that. It isn't magic, it's just very efficient, very secure, and much sought after by thieves the world over.
If you have bitcoin, you need to learn to look after it, or these crooks will soon take it from you.

Don't make it easy for them. Contribute by reporting suspect sites to us when you find them, and we'll do the rest.
As we approach 2800 sites listed since Feb 2014, our track record is one of getting it wrong on only 2 occassions. On both of these occassions, we erred on the side of the Scheme Operator. However, one of these errors, the GAW Miners and Paycoin debacle is yet to be fully heard and ruled on by the SEC, and at this time is still a matter of debate.


Declaration of Interests. We currently have project investments in Ethereum mining shares at Genesis Mining. We would not invest in anything we considered to be a Ponzi or Scam. As a project, we are not directly funded by any organisation and depend on ad revenue, our own, and other donations, and our external investments. We also provide links including referral links to trusted 3rd party sites, not including External Advertisers beyond our control. Updated October 2016
PS - As a friendly tip, we probably aren't the people to generally ask about good bitcoin investments. We are pretty good at what we do, but so far, like yourselves no doubt, we aren't really that succesful when it comes to our own investments.


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Irony disclaimer, and Caution

The high costs of running this site are helped by adverts. We also have to advertise in the same places as the scamsites. We have little control over the content, and consequently we do not directly endorse any advert. Some adverts will even appear in our Badlist. But at least the Bitcoin they spend on ads is coming back into the Bitcoin Industry.

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Footnote. The evolution of society beyond the demise of the failed capitalist neo-liberal (Neo-con) experiment, first needs the evolution of it's means of trade and exchange. The current financial system, and system of fiat currency, is not fit for present or future purpose, and for all intents and purposes is already obsolete. Bitcoin is our first financial step towards a fairer, more benefecial society for all. Bitcoin is incorruptible, decentralised, concensus led, and above the influence of conventional politics and economics. A parallel currency with which you can begin to trade, and no middleman to take their slice or to gamble with your asset. When you deposit money to a Bank, it becomes the Banks property to do with what they choose, bitcoin is different, and you are your own Bank. It is up to you to take care of your bitcoin, and also to use it, not hoard it, and to be an important part of helping to build this fair and open global society. Bitcoin is worth what somebody is prepared to exchange it for, be that USD, Yuan, PC-hardware, Webhosting or anything that 'money' might buy. You can even get a bitcoin Debit Card. However, the bitcoin Blockchain, and it's potential is a much much bigger subject.




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