Finally, stable daily BTC thanks to XRP? Or is it another crypto illusion glinting in the dfin swamp of defisummers? ETHRANSACTION is turning heads with its claims of automatic Bitcoin profits through XRP exchange and cloud mining. But before you get all excited, let’s pump the brakes a bit and do homework and ask the hard questions. Are we looking at the future of inclusive crypto mining? Or is this a Ponzi scheme in nice blockchain clothing?

Stable BTC Daily? Really?

ETHRANSACTION is crypto Twitter’s friendly neighbourhood stable daily BTC yield shouter from the rooftops. Number we’re discussing maybe $19,494 a day, they claim. But easy passive income is calling like a siren song in the crypto ecosystem. ETHRANSACTION is handsomely matched to this request, offering both ease and lucrativeness. They’re touting that you can exchange XRP with them, cloud mine BTC and earn a fortune! Sounds fantastic, right? Too fantastic, perhaps?

Let's be real, folks. Nothing in crypto is ever as “stable” as it is made out to be, particularly when it comes to crypto mining. Mining profitability depends heavily on the network difficulty, the cost of electricity, and the value of Bitcoin which all vary dramatically. So, how does ETHRANSACTION ensure a reliable daily return, particularly when cashing out from a volatile asset such as XRP? That’s like saying you’ll deliver blue skies all the time in Seattle!

They are claiming to have more than 100 active mining farms established as well as having 800,000 pieces of equipment at their disposal. Now, they’re claiming that it’s all running on renewable energy which is just wonderful for mother earth. How realistic is it to actually power that much?

Southeast Asia: A Cautionary Tale

As a native of Southeast Asia, I have seen many crypto scams promising the world. Unfortunately too often, they pay out our only reward with empty checkbooks. The area is the national hotbed for these schemes, which prey on Americans’ fantasies of financial independence. Remember the OneCoin craze? Promising riches, delivering ruin. Or the myriad other MLM-crypto hybrids that disappeared overnight with investor money?

ETHRANSACTION’s model incorporates a very appealing affiliate program. Up to 4% + 2% in referral rewards, bonuses up to $1 million. It’s just a matter of incentivizing recruitment, which is the first and most notorious red flag of a pyramid scheme. The greater the number of people you get in the door, the greater your reward. What if that stream of new recruits suddenly shuts off? The entire structure crumples, with latecomers left holding the bag.

The promise of a $19 registration bonus? Sure sounds like a magic bullet, huh? It's like the free appetizer that gets you in the door, only to find out the main course costs a fortune and tastes like regret.

  • Past Scams
    • OneCoin
    • BitConnect
    • PlusToken

Be extra, extra cautious when something sounds too good to be true. The crypto world is replete with these types of wolves in sheep’s clothing, just waiting to prey on the most gullible and unsuspecting investors.

Renewable Energy or Greenwashing?

ETHRANSACTION is trying to make its use of renewable energy one of its biggest selling points. All their mining operations are reportedly powered by renewable energy. That's fantastic if true. Crypto mining’s environmental footprint is staggering, so any step to mitigate it deserves praise.

Let’s not kid ourselves—doing so while powering 800,000 pieces of mining equipment exclusively with renewables? That's a massive undertaking. Where are these renewable energy sources located? And what types of power purchase agreements do they have established? How do they deliver reliable power 24/7, including when the sun doesn’t shine and the wind doesn’t blow?

Their opacity around how they plan to source their energy should be a huge red flag. It’s one thing to tell people you’re green, but another altogether to back it up with proof. At worst, this might merely be greenwashing, meant to attract the interest of eco-minded investors.

Now, to be clear, I’m absolutely not saying ETHRANSACTION is a Ponzi scheme. Well, they may have figured the whole thing out! Instead they argue that they should be raking in predictable BTC yields through on-chain fXRP link conversion and the deployment of advanced cloud/mining protocols. Perhaps they really are sincere about their desire for renewable energy and clear, upfront pricing.

  • Where are the renewable energy sources located?
  • What percentage of mining operations is actually powered by renewables?
  • Is there any third-party verification of their claims?

The Verdict? Proceed With Extreme Caution

The onus is now on them to prove it. Until they gain your trust with clear, verifiable evidence to prove their claims, I advise you to tread carefully. Make sure you don’t allow the promise of quick cash to cause you to overlook the investments you could be making.

Do your own research. Only invest what you are comfortable losing. And if something doesn’t seem right, listen to your instincts.

The crypto environment is rife with criminal opportunity, as well as criminal enterprise. Don't become another victim.

What do you think? Is ETHRANSACTION a stroke of brilliance or a crypto-crypto Ponzi? We’d love to hear what you’re thinking and what you’ve experienced in the comments section below.

What do you think? Is ETHRANSACTION a genius move or a crypto Ponzi? Share your thoughts and experiences in the comments below.