BitHarvest’s newest ruse is its USB “BitBooster” gadgets are being utilized in Texas cryptocurrency mining farms.
Which mining farms in Texas BitHarvest’s gadgets are purportedly being utilized in can’t be disclosed for verification as a result of… properly y’know, causes.
An August ninth advertising video from UK-based promoter Marcos Caleb reveals BitHarvest admins presenting aerial photographs of purported cryptocurrency mining farms in Texas.
The footage is purportedly from a July 2024 BitHarvest advertising occasion held in Malaysia.
Notably, not one of the mining machines within the footage seem to have BitHarvest’s gigantic USB gadgets in them.
Naturally viewers of Marcos Caleb’s advertising video needed to know the place BitHarvests’ purported accomplice’s operations have been.
Right here’s the excuse Caleb (proper) got here up with;
It won’t and can’t be disclosed. There are powers that be that may like to blow these mines up and destroy them. Or then they’d need to put up with tons of tourists asking questions.
They’re out in the midst of nowhere, and go by the pseudonym of “Texas Mining Farms.”
A fast Google search reveals a number of Texas-based bitcoin mining farms brazenly disclosing their location (not one of the public photographs actually matched what BitHarvest confirmed).
Whereas Texas residents definitely could be tempted, to the most effective of my data no one has ever “blown up” a cryptocurrency mining operation in Texas.
As for individuals asking questions as a part of their due-diligence into BitHarvest, can’t have that now can we.
Footage of purported Texas cryptocurrency mining services was introduced by a gents who solely launched himself as “JB”.
JB claimed he represented the cryptocurrency mining agency in Texas that BitHarvest had partnered with.
To that finish JB and BitHarvest CEO “Logan Lee”, performed by Singaporean nationwide Steve Ng, signed a meaningless “memorandum or understanding”.
We haven’t seen one shortly however these signing ceremonies have been typical advertising for Asian MLM Ponzi schemes a few decade in the past (e.g. uFun Membership).
In the end whoever BitHarvest has dug as much as signal a doc on stage in Malaysia doesn’t matter. We now have an MLM firm representing it’s producing passive returns income from inside Texas.
Whereas we all know BitHarvest isn’t registered with the SEC, one other firm working in Texas would possibly now be connected to BitHarvest’s securities fraud.
This goes for each the SEC on the federal stage and the Texas State Securities Board on the state stage.
Pending any additional developments there, we’ll maintain you posted. Within the meantime, BitHarvest’s web site visitors plunged 78% between June and July 2024.
As tracked by SimilarWeb, high sources of BitHarvest web site visitors for July 2024 have been
- Russia – 30% (down 33% month on month)
- India – 26% (up 154% month on month
- the US – 22% (down 61% month on month)
- Thailand – 17% and
- Malaysia – 6% (down 96% month on month)
Outdoors of gullible saps in India, BitHarvest’s Malaysia launch occasion doesn’t seem to have executed something for the corporate anyplace else.
