In the cryptocurrency world, there’s one service that’s picking up some solid pace right now: Aurora Mine, available at their website at auroramine.com. This is a cloud mining website where you get power to mine BTC together with other users and generate some money. The interesting part about it and the reason why hundreds of thousands of people are joining is the fact that you start with 100 GH/second of free power simply from signing up.
And, according to their terms of service, that amount of power is yours for lifetime meaning that as long as the service stays active, you will make money.
So basically, you get free money no matter what. This seems to good to be true, but it appears that, just like most things in the crypto world, it is real and you can indeed make some money out of it. Which is pretty awesome! Here is a screenshot of my balance less than a day after signing up, based on the free power only (kept a record of screenshots just to make sure that everything looks normal):
Of course, you can also spend real money (BTC) in order to buy more power and generate even more income. And this is the part where most people are starting to feel worried: it wouldn’t be the first time a company is promising to take us to the moon only to end up stealing their users’ money.
For now, though, Aurora Mine seems to be working and it’s not a scam. I have deposited and withdrawn small amounts of money and it worked without a problem. Here are my two test withdrawals:
This is highly risky business. There is evidence that Aurora Mine is actually a scam and by all means looks like an elaborated Ponzi scheme. For now, it works. But don’t throw into it more money than you are willing to risk losing as I believe chances are, as time goes by, that you WILL lose the money you have invested.
However, this doesn’t mean that you won’t be able to make some money in the short run. Aurora Mine promises returns of at least 10% per day. You need a minimum of 0.0003 BTC (around $1.70 at the current rates) in order to be able to withdraw, though and it will take a couple of weeks to reach that amount with the free GHz offered when registering.
But you can rush things by sending over some of your money. And this is what can prove to be profitable in the short term if you don’t get too greedy.
If you send $10 worth of Bitcoin, you will get $1 per day in profits. This means that after 10 days on the platform, you can withdraw your initial investment of $10 – after you do this, you no longer run the risk of losing your money.
Of course, there is still a risk during the 10 days. Aurora Mine is running for 22 days at the moment of writing this article, but it might completely shut down in the next 3-4 days. It might disappear tomorrow. It might last for years, but I really doubt that. This kind of schemes offering that much in terms of profits is unsustainable, no matter what.
Further proof that Aurora Mine is a scam
The biggest concerns regarding this scheme/service is that the staff information seems to be fake.
First of all, the “About us” section lists photos of people and their job within the company, but no links to offer trust (no linkedin or anything else).
Let’s take that deeper and look at the CEO – Harvey Brown. Here’s his photo on Aurora Mine:
If we do a quick Google search, we find out easily that this is a photo used by multiple sources in various locations. Most likely a stock photo as people with different names appear to have this same face:
But if we dig even further, we have uncontestable proof that this Harvey Brown could not be the company’s CEO. I say that because you can dig up some extra info on the company running the website (AuroraMine LTD, which is registered in London and was incorporated on September 11, 2017). There, the Harvey Brown listed as CEO is 20 years old:
And no matter how mature the new generation looks today, we can all agree that the photo of Harvey Brown on Aurora Mine doesn’t look like that of a 20 years old.
Finally, extra proof that I won’t use photos for: the company states that they’re in the industry for 3 years, but the AuroraMine LTD company was only established in September. (We could give them the benefit of doubt here as they might have a parent company under a different name though)
Also, performing a Google image search on the other members gives us interesting info. Nicole Whitehouse, the CTO of the company, also has her face on other websites and on one it’s clear that it’s a stock photo as the watermark is still there:
Judging from the evidence and the huge promises, I would say that AuroraMine won’t be here for so long and it looks like an extremely high risk company. However, it is working at the moment of writing this – but it could stop working at any second.
Therefore, because of the huge risk rating, I wouldn’t recommend anybody to invest more money than they are willing to lose if things go wrong. Most likely, things will go wrong eventually. But some early adopters will still make profits out of this, as strange as this might sound.