BitcoFarm is a rather unusual site that claims you can earn free bitcoin through them. They actually say that you can earn 1.35 BTC in an a month. This is an insanely high amount now that the price of bitcoin is as high as it is. Its no wonder you are suspicious of this place as I was when I first came across it.
That is why I decided to write this BitcoFarm review to tell you the truth of the matter. The truth is that this place isn’t nearly as great as it seems. There is an old saying that when something seems too good to be true then it probably is. This old saying fits this situation perfectly and you will see what I mean.
At BitcoFarm you can rent chickens and buy cows to earn bitcoin. I know this sounds really weird but this is how the site works. Of course you aren’t really renting and buying animals… these animals are really just investment packages that you can buy to earn bitcoin.
It may sound confusing right now but its really now. You will understand it more in this next section.
How It Works
There are several different sections to this site. They have a lottery that you can enter to win bitcoins. Here they claim to give out a heck of a lot and to show you this here is a screenshot of the current lottery that is going on as I write this. As you can see the grand prize is 19.25 BTC…
They also have a PTC section of the site where you can get paid to click on ads. Advertisers pay for BitcoFarm to advertise and they then pay you a small amount to click on the ads. Most of the ads that you will see here have to do with making money online, such as other similar bitcoin sites.
The main part of this site are the animals…. the chickens, sheep, and cows.
The point of buying these animals is to earn bitcoin. Each one is an investment package that claims to provide a fixed ROI. For example if you buy the cheapest one, which is the Blue Chicken for 0.0025 BTC, you will earn 23% profit every month. And if you buy the most expensive one, which is the cow for 0.110 BTC, you will earn 400% + every month.
They also have package deals where you can buy more than one animal at once as you can see here.
Ponzi Scheme Possibly?
The fact that this could be a Ponzi scheme is very real. There are many reasons why I am led to believe that it is indeed a Ponzi scheme and that you should proceed at caution.
First of all, there is no information about this place on the website. You won’t know who is behind it, what individual or group of individuals are running it… anything. They don’t tell you a thing about the site and this is something that doesn’t prove it to be a scam but it is something that is very characteristic of scams.
Another major reason why this seems like a Ponzi is because they don’t tell you how any of it works. How are you able to make such high profits on your investments when you buy chickens, cows and sheeps? Are they mining bitcoin and you are earning profit through that? Are they trading cryptocurrencies? What are they really doing?
Because they do not tell you what they are doing it leads me to believe that they are just paying off older members from the investments of newer members when they buy these animal investment packages. And this would make it a ponzi scheme.
The PTC (paid to click) part of the site seems legitimate and all, but this isn’t the main part of this. The investment packages are definitely the focus here.
As expected, there are plenty of complaints about this site and there are even others out there claiming that this is nothing more than a Ponzi scheme just as I am. I like to first form my own opinion of different opportunities that I review but its also important to see what other people are saying, or at least I think so.
When it comes to bitcoin opportunities, BitcoinTalk.org is always a good site to do some research on. This is a forum that anyone can go and ask questions and speak their mind on anything related to bitcoin. I found plenty of complaints on BitcoFarm at this forum.
People talk about not being able to withdrawal their bitcoin, having their accounts suspended for no reason, and more.
Final Thoughts & What I Recommend
Do you see what I mean now how this sounds too good to be true and that it probably is? There are no legitimate places out there were you can just invest and earn tons of money like this. And believe me… I’m not just saying this to say it. If I thought this were a good investment opportunity I would be all over it. I would buy a cow right now and earn over 300% ROI per month…. who wouldn’t?
Of course there really is no way for me to fully determine whether or not this is a Ponzi without actually seeing inside the business and taking a look at where all their money is coming from…. but from the many other ponzi’s I’ve seen on the internet this sure seems like another.
When it comes to making money online there are a lot more scam programs that just waste your time and drain your bank account than legit good opportunities that I can actually recommend. However there are legitimate ones out there but finding them is the hard part. If I was in a situation with a gun to my head and asked: what is the best program out there? This is it. I have been a member since 2015 and it took me from nothing at all to making a living online.
Questions or comments? Leave them below and I’ll get back to you ?