ED Magedson – Founder
Mining4u: BitCoin mining Ripoff scam Mining4u took my money, then never mined any bitcoins for me Internet
First let me say that Bitcoin mining makes me money every day from my personal mining gear. But it requires advanced hardware to do it, so I thought I'd explore buying mining time from a mining company before upgrading my hardware.
That led me to the discovery of a new ripoff scam on the internet created by a company called Unicorn Belt Mining LLC. They run a website called mining4u.com.
Mining4u.com sells bitcoin mining on their servers by the day. I decided to try it out for 2 days to see how well they do. So I rented two days of 1800 GH mining for $358 in bitcoins, but never received anything from it!
When I contacted their support (online contact form only) it took them days to respond. When they did respond they told me my mining pool rejected their connection. Mining4u customer support told me that they were unable to contact my mining pool and so mining stopped, without earning me anything.
I contacted my mining pool who said that mining4u.com never contacted them. Mining4u lied to me.
I requested a refund from mining4u on 3/22/2014, and there has been no response from them since then.
Paypal refuses to do business with mining4u, probably because of too many complaints and excessive refunds. I had to use bitcoins in order to place an order.
STAY AWAY from mining4u.com! They will rip you off.
Bitcoin mining is so competitive, you need to use a mining pool for several days before you make any money. Mining4u is selling mining by the day, so if you think you can mine for just 1 day and make some money - you will lose your money!
Bitcoin mining works when done right! Mining4u is the wrong way to do bitcoin mining, they will take your money and never provide you any bitcoins! Mining4u is committing fraud! Don't me their next victim.
This report was posted on Ripoff Report on 04/05/2014 09:15 AM and is a permanent record located here: http://www.ripoffreport.com/reports/mining4u/internet/mining4u-bitcoin-mining-ripoff-scam-mining4u-took-my-money-then-never-mined-any-bitcoin-1136529. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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