QoinPro, Free BitCoin? Or a SCAM?

internet-stranger on 02/05/2015 - 14:19
Last edited 02/05/2015 - 16:21 by 1 other user

Not sure if this the correct place for this,

I found a site called QoinPro that says it gives away from BitCoins and other crytpo-currency.
I have signed up, and it seems like it may be some sort of Pyramid scheme given the referral system.

I just can't seem to figure out the catch. Hoping someone can help me out here.

I signed up in September last year, and today actually withdrew some bitcoins ( 0.05c worth ). So they do actually seem to be giving the money away, as little as it may be.

Main site: http://qoinpro.com/

Computing

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Comments

  • Shwayne on 02/05/2015 - 15:30
    +1

    No affiliate Links. (https://www.ozbargain.com.au/wiki/help:rules_guidelines)

    • internet-stranger on 02/05/2015 - 16:21

      Thanks, I see the mods removed it, question still stands.

      • Shwayne on 04/05/2015 - 10:57
        +1

        You know it's a scam, they're paying you a fraction of a cent to spam people with referral links.

  • Davo1111 on 02/05/2015 - 22:57

    The fact that you asked the question with a referral, and all you get is referral links when you google it - suggests it's bullshit.

  • Bokoshi on 03/05/2015 - 06:51

    Signed up out of curiosity.

    To send any BTC to your wallet the minimum transaction is 0.00015500 BTC
    from that they remove 0.00010000 BTC as a transaction fee!

    You get from signing up 0.00000250 BTC
    daily payment is 0.00000002630 BTC

    So.. Without getting referral bonus earnings

    (0.000155 - 0.00000250) / 0.00000002630 = 5798 days before i can make a transaction of 0.00005500 BTC (0.012 USD)

    Bonus structure is too confusing(waste of my time) to post…

    As Davo said, its pretty much BS unless you can get a massive amount of referrals or my math is just that bad..

    Just wondering how many referrals you have got already to withdraw 5c worth of BTC.

    • internet-stranger on 03/05/2015 - 20:46

      I have no referrals, took 6 months to get 5c. You get bonus per day your a member.

      • Davo1111 on 03/05/2015 - 21:43

        so unless people are buying in, it seems completely pointless. It sounds like you've got constant inflation at a rate of 10c/year. Considering your signup "bonus" was 1% of that, inflation is massive.

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