Website Review : SCAM or LEGIT?

Bugamining.com Review SCAM or Legit?

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Bugamining.com Review SCAM or Legit?

Summary

User management: Web only
Company transparency/support: Not Legit
Payment options: BTC, Doge, Eth, Payeer, Bitcoin Cash, LTC
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): N/A
Contract price per Th/year (btc): N/A
Earning return: 1% – 3%

Sending
User Review
0 (0 votes)

Status: SCAM
(classified as HYIP)

pros

  • Offers multiple mining plans
  • Provides a startup bonus of 200 GH/s
  • Offers bounty task rewards ranging from $5 to $800
  • High referral commissions up to 20%.

cons

  • No videos or images of their mining centers
  • A few investors have reported their withdrawals getting blocked
  • Limited information about the company and its owners
  • Only offers bitcoin mining

Disclaimer: This site is a category HYIP (high-yield investment program) and will pay only for a certain time. As for all HYIP websites, this can change any moment and we need to stress to you that deposit to such sites is not recommended unless you like to gamble with your money at your own risk.

Company Information:

The registered name of Buga Mining is Buga Traders Limited with company number 11915816 as provided by the government of the United Kingdom. The company was incorporated on 30th March 2019. The name of the currently acting director of the company is Muhammad Umar Hasmat, who is a citizen of Pakistan. The company claims to have more than 26,000 investors to date.

Head Office Address: 

823 High Road 

North Finchley 

London 

United Kingdom 

N12 8PR

The company provides bitcoin mining services.

Product Information

Bugamining.com has adopted a theme that is pretty common among cloud mining sites. It is quite okay in terms of user-friendliness. There’s nothing much on their websites which separates it from the crowd of cloud mining websites. It’s the same old theme. 

They have provided their company registration number and company certificate on the landing page itself. The company has also received more than 220 reviews and feedback from its users on the platform Trustpilot. 

There are four plans to sign up for Buga Traders’ bitcoin mining contract. Each plan has a declared rate for return ranging from 1% on a daily basis to 3% on a daily basis.

These four plans are as follows:

#1. Starter (1% return) 

  • Minimum purchase Requirements:

500GH/s

  • Minimum Investment: $5

#2. Business (1.4% return)

  •  Minimum purchase of 5000GH/s 
  • Minimum Investment: $50

#3. Premium (1.6% return)

  •  Minimum purchase of 24,999GH/s 
  • Minimum Investment: $250

#4. Gold(3% return)

  •  Minimum purchase of 249,999GH/s 
  • Minimum Investment: $2500

All the four contracts are to be done for a period of 12 months with a minimum payout of 0.0005 BTC.

The company claims to provide fast and secured payouts on a daily basis. There are several levels of referral commissions starting from an initial rate of 5% to the highest possible rate of 20%. The maximum purchase allowed by Buga mining is 500,000 GH/s.

Conclusion

Buga Mining claims to be a bitcoin mining company with its registered location in London. What makes them doubtful is that they have not disclosed much when it comes to their ownership or the company itself.

They don’t even have any kind of images or videos to prove that they are a credible cloud mining company. 

Moreover, they claim to have 26k+ members yet they get almost all their traffic from traffic networks only. And worse, they use fake votes on Trustpilot and finally many reports getting scammed by them have already bee received.

There are way too many red flags for us to believe that they are credible. Due to the lack of information about them and the many red flags and reports from people getting scammed our final verdict is that Buga Mining is a SCAM.

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.
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