User management: Web
Company transparency/support: Not Legit
Payment options: BTC
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): N/A
Contract price per Th (btc): Starts from 0.001
Earning return: 2.4% to 3.5% daily for lifetime
User Review( votes)
(classified as HYIP)
A pretend to be a cloud-mining service when you are just yet another HYIP site.
- No computing power displayed
- Only Bitcoin payment option
- Unrealistic plan
- No images or videos mining rigs
- No real business model
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.
There is almost no information about Coinbit in the public domain. The company, too, has provided very limited information about themselves on the website. They have not even said who owns them, where are they located, where are their mining data centers, etc. Coinbit only claims to be into the cryptocurrency mining business. They did not give any proof to back their claims though. The following information is available on their website:
“CoinBit is a team of professionals, entrepreneurs, network marketers, and geeks of programming. The company’s mission is to launch a very simple business around a very complex industry.
CoinBit suggests starting to earn passively, taking advantage of the company’s experience in mining Bitcoin and other crypto-currencies. CoinBit is a community of people who have come together to support Bitcoin and other digital currencies, which have their differences and advantages, their complexity of mining, their price and services.
By investing in the development of software and hardware, CoinBit contributes to solving problems with unconfirmed transactions and increasing the hash of the Bitcoin network. Investing in Bitcoin differs from any other type of investment since Bitcoin is able to behave both as a resource and as a currency. This, like a completely digital entity, makes it something completely new in the financial world.”
Coinbit has only one plan for investors.
- Minimum Deposit: 0.01 BTC
- Interest Rate: 2.4%-3.5%
- Investment Period: Lifetime
- Min-Max Deposit: 0.001 – 1 BTC
It’s the norm among cryptocurrency mining service providers to show the computing power along with their plans. Yet, Coinbit.cash did not even mention anything about computing power. This is odd and a major red flag.