A well-known mining machine project exposed issues during its operation in 2021 — not only profiting through reselling mining machines but also targeting Chinese users for fixed-point "harvesting" of profits, frequently adjusting hash rate allocations to suppress returns. From an initial promise of breaking even in 3 days, it was artificially extended to 30 days, then 300 days, and eventually became a joke claiming it would take 3000 days to break even. This process clearly illustrates some project teams' tactics: attracting early investors with enticing returns, then gradually eroding profits by changing the rules of the game. Looking back at the mining boom in the crypto space over the years, similar "harvesting" schemes are not isolated cases; they are the tuition fees paid by many investors. When choosing a mining machine project, it is especially important to scrutinize factors such as hash rate adjustment permissions, transparency of returns, and the credibility of the project team.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
NotSatoshivip
· 01-06 10:19
Getting your investment back in 3 days versus 3000 days, this is just ridiculous hahaha
View OriginalReply0
GasFeeLadyvip
· 01-05 23:26
3 days to ROI... then suddenly it's 3000 days lmao, classic gas price pump before the rug pull honestly
Reply0
FOMOrektGuyvip
· 01-03 12:48
3 days to break even, 3000 days to recover, this is basically going from heaven to hell.
View OriginalReply0
ProveMyZKvip
· 01-03 12:47
3 days to break even, 3000 days to recover, this is ridiculously funny.
View OriginalReply0
MiningDisasterSurvivorvip
· 01-03 12:43
From 3 days to 3000 days, this is called "adjusting expectations." Listen how gentle it sounds. Another Ponzi mining scheme. I saw this setup back in 2018; they just changed the shell and are still scamming. Contract permissions are in the hands of the project team. To put it plainly, they can change the rules at any time. What do you have to fight back with? Remember one thing, everyone — projects with extremely high APY are often the beginning of extremely high risk. The China region is being specifically taken care of, which shows how well they understand retail investors' psychology. This isn't the first time they've done this.
View OriginalReply0
SerumSquirrelvip
· 01-03 12:38
3000 days to break even, buddy, are you joking😅
View OriginalReply0
SignatureCollectorvip
· 01-03 12:37
Breaking even in 3000 days haha, isn't this just a disguised exit?
View OriginalReply0
  • Pin