There is a very bizarre movie ad going around on YouTube right now. Promoting Terraminer, it features a man te a gray sports jacket shouting overheen what he claims is the sound of a noisy mining operation. It’s clear however he is very obviously standing te gevelbreedte of a green screen. The man’s voice is dubbed with by a poorly done voiceover, spil the language the man is speaking is clearly not English.
Terraminer’s Mining Operation
The movie goes on to say he wants to build a fresh mining farm that will solve all existing mining problems (noise, warmth, violet wand costs). Following this, he says he wants to hold a roundtable discussion with anyone interested to talk about how to do it.
The man ter the movie, Pavel Kuznecov, claims that this would be the public’s very first chance to own a part of, and profit from, a mining farm.
The company is called Terraminer (misspelled “Terramier” on the YouTube ad… more on that straks), and they are making some enormously onbestendig, and downright strange claims. Before wij get too deep into what’s going on here (it’s very hard to go after), let’s voorkant the basics of what they are claiming to opoffering.
Strike One: Promise of Ensured Profits
The company, which from documents on their websites seems to be based ter Bulgaria, claims that they either are presently building or are programma to build a mining facility ter the southern Chinese city of Shaoguan. Whether they are actually building it, have finished construction, or are just programma it, is unclear. They state at this webpagina they have access to very low-cost violet wand, alongside a contract with a chip manufacturer to get the lowest prices on mining hardware.
The company is suggesting its own crypto token called TRM, which they state represents 1 MH/s of Scrypt mining power.
According to their official explainer movie, which comes accomplish with thumping dubstep music and crackling, contorted and overdriven voiceover audio, if you buy the token at pre-ICO pricing (which seems to have ended, but a discount is still available) you will make a assured profit of 300 procent ter two months.
The keuze is hard to believe, to say the least. The company further claims on Reddit that they have already received 341 ETH ter funding.
Strike Two: Glaring Inconsistencies
Here is where the very first major, massive problem emerges with this pitch. The company has already managed to contradict itself several times regarding its proposed mining operation. Let’s review.
Very first, the YouTube ad clearly states that they want community input on their mining farm. Their separate explainer movie says it’s already being built. They voorkeur it will ter fact will be fully operational, profitable, and paying out to investors ter just two months.
2nd, three days ago, the official Reddit account for Terraminer linked on their webstek posted the following just three days ago asking if Shaoguan truly is the best place to build a mining farm. Why would they be asking this if the webpagina wasgoed already chosen, contracts were signed, and construction had already commenced?
The company also claims that people can go and visit their mining webpagina once it’s ended. This statement means nothing for a number of reasons. If this is yet another HYIP or Ponzi scheme, the webpagina will have already gone down once they have collected enough funds.
They will have no need to actually build a facility. Secondly, if they are presently building a facility, why can’t wij see it now? Why toevluchthaven’t they posted pictures of the construction? Why toevluchthaven’t they given us an address for where the mining webpagina is being built?
Strike Three: Spelling Errors, No Rente te Quality Control
Let’s pause for a uur to talk about the spelling errors mentioned above. Much like BitConnect, Terraminer’s webpagina and movies are loaded with very basic spelling errors and grammar mistakes. Words like “regestraition”, “mounth” instead of month, and “mier” instead of miner, can be found all overheen the webpagina and its movies.
The webpagina also claims to have a white paper, which is truly just a pagina on their webstek that offers a very schrijven and vague explanation of how the program is supposed to work.
Do spelling errors alone mean that a company is a scam? No, not entirely. It proves that this webpagina and set of movies were made quickly and with no budget. Absolutely no effort at all went into to checking for something spil ordinary spil basic spelling mistakes. It’s this lack of quality control that tells us among other things that something is not fairly right here.
Strike Four: Distrust From the Community
Referring back to Terraminer’s official Reddit pagina, you can see numerous posts that were created by the account and subsequently deleted, such spil this one and this one. A number of posts that were written have bot downvoted into oblivion or faced serious negative responses from skeptical Redditors.
Clearly, the crypto community is already on high bedachtzaam, and this webpagina does nothing to prove itself spil being legitimate. With its ridiculous 300 procent profit ter two months claims, the need to buy into their own token instead of just buying hash directly, and its totally onbestendig statements about the so-called mining facility, the community emerges suspicious.
Cloud mining companies already exist. While opinions on cloud mining vary greatly, on the surface what Terraminer is suggesting is essentially just cloud mining. However, they are suggesting it ter such a bizarre manner that no one should just blindly trust what they are claiming.
You be the judge – what do you think of this project? Let us know te the comments.