A new cryptocurrency mining platform known as BitHarvest has generated attention lately in the market due to its claims that one can even expect up to 30% daily returns on investment.
In this post, we are going to review BitHarvest and let you know if it is legit or not.
What is BitHarvest?
BitHarvest is a bitcoin mining platform that claims you can mine bitcoin without paying a high price for an ASIC machine and with lower electricity bills.
Logan Lee is the CEO of BitHarvest and there is no information available about its headquarters.
According to SimilarWeb, the total visits on its website Bitharvest.io as of April 2024 are 80K+ with the top countries reaching Taiwan (82%), Norway (6%), and Kenya (4%). Moreover, its domain was last updated on January 2024, as per WHOIS.
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Organization Profile
| Website | Bitharvest.io |
| Known as | BitHarvest |
| Services Offered | Cryptocurrency Mining |
| Domain Registration date | 14 December 2023 |
| Address | Not known |
| Contact email | Support@bitharvest.io |
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BitHarvest Review
After investigating the organization profile and the business model of BitHarvest on the internet, we found several red flags in it. Let’s take a look at it:
False Information About Operators
The details BitHarvest has on its operators on its website are erroneous. It appears that the Logan Lee CEO they listed on their website is a fake; rumors have it that his real name is Steve Ng. who is a Singaporean resident.
Because of this, the details of the other executives also get hazy.
Recently Established Business
Deceptive platforms often quickly disappear after defrauding people, indicating a significant red flag for newly established companies, as they undermine trust and the market’s reputation as well.
Possible Ponzi Scheme
Because BitHarvest lacks any significant services or retailable items, its business model suggests that it could eventually turn out to be a Ponzi scheme. It looks like the affiliate is the only source of income.
Negative Reviews on the Internet
Despite having less business reach, we found negative reviews on the internet regarding its services which also lessens the trust among its target audience.
Unrealistic Claims
Another big red flag in BitHarvest is the unrealistic returns on investment, considering its major services are a little dubious and with limited business reach, these kinds of returns seem irrational.
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Conclusion
It is possible that BitHarvest would collapse at some moment, leaving participants without any money, as is the case with most Ponzi schemes. Utilizing BitHarvest’s services carries risk, along with other dubious aspects of the industry.
You are free to use the BitHarvest platform, but you do so at your own risk. We strongly advise you to proceed with extreme caution.
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Anurag is a passionate writer who holds extensive information about all aspects of the internet, guiding normies to avoid falling victim to con artists.