In today’s post, I exposed BTCs Mining or Satoshi Chain, a scam project that poses as a crypto mining app.
This app promises to reward users with BTCs which they can later exchange for Bitcoin (BTC).
Considering that Bitcoin remains the highest-ranking cryptocurrency, it is tempting to jump on any chance to get it for free.
Little wonder why it went viral on WhatsApp:
Already, it has recorded over one million downloads on Google Playstore.
But is the BTCs mining app worth the stress? Or, is it another Pi that will burn your data for nothing?
Keep reading to find out!
Post Summary
- What Is BTCs Mining?
- How Does BTCs Mining Work?
- Why The BTCs Mining App Is A Scam
- Conclusion
Update On BTCs Mining App Scam
Click on any item above to read its details immediately.
1. What Is BTCs Mining?
This is a mining app that supposedly rewards users with bitcoin when they mine BTCs.
It was released in February 2022 by an unknown team.
According to its white paper, BTCs is the native token of the Satoshi public chain that is used for transaction fees.
BTCs was coined from the combination of Bitcoin’s ticker – BTC and the “S” in Satoshi.
Also, it claims to have a community that is committed to the growth of the Satoshi public chain.
Additionally, the total supply of BTCs is 2.1 billion coins.
The plan is to release them first, via mobile mining; and later, via on-chain decentralized node mining.
Interestingly, it intends to launch its mainnet in the third quarter of 2022.
Let’s talk about how this platform works in the next section.
Keep reading!
2. How Does BTCs Mining Work?
BTCs mining operates like the mobile mining apps we discussed in the past.
First, interested users download the app and then log in daily to mine the coin.
To register on the app, you’re required to provide an email address and set up a password.
For BTCs, users are required to tap on the mining button twice daily to earn the coin.
Unfortunately, I didn’t find any information on how many BTCs users can earn daily or how they can receive their bitcoin rewards.
However, it is stated on the whitepaper that there will be two types of validator nodes on the mainnet: Bitcoin computing power nodes and BTCs pledged spare nodes.
Also, the spare nodes are only needed when the computing power nodes are insufficient.
And this is supposed to convince us that the system will be supplying mainly Bitcoin? Very ridiculous!
Moreover, the team has plans of giving away free 525.6 million BTCs by December 2022 when the app mining will end.
Let’s discuss what makes this app a scam in the next section.
Tag along!
3. Why The BTCs Mining App Is A Scam
Let’s start with the anonymous team, they describe themselves as “loyal fans of Satoshi Nakamoto” and they claim that naming the public chain “Satoshi” is the perfect way to pay tribute to Satoshi Nakamoto.
Now, if we don’t know them, how do we know that they have what it takes to scale the platform?
Secondly, BTCs Mining claims to reward users with bitcoin but we all know that new bitcoins are only released when miners are rewarded for processing transactions.
And as such, tapping a button on a stray app cannot deliver bitcoin to you.
Besides, there is no proof of how bitcoin will be distributed to users.
All we find is a white paper full of jargon and diagrams that try to mimic a decentralized network.
There’s nothing we’re doing with that. 😠
[You may also like: Bitcoin Mining in Everyday Language – A Complete Guide (2021)]
Furthermore, I downloaded the app myself to see how it works and surprisingly I didn’t see where to mine the BTCs.
All I saw was information on moving cryptocurrency prices and trending coins. It beats me, really.
Obviously, these guys are just using bitcoin to lure people to download and register on their yeye app. Mtcheew!
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4. Conclusion
This is not the first time we’re learning about a crypto mining app and I’m pretty sure it will not be the last.
We’re always disappointed at the end because it remains a circle of tapping the app every day and updating the app regularly to keep mining.
All the while, you’re burning internet data, and watching annoying ads, only to receive coins that are worth nothing (if at all you receive any).
BTCs Mining wants the public to believe that users of the app are rewarded with bitcoin yet they didn’t show us how.
Sadly, it appears to be bait to get people to download, use the app, and amass wealth for themselves.
I mean, it has 1M+ downloads already. ☹️
Please, don’t waste your time on this app.
Let’s draw the drapes here and I hope this article was worth the read.
I’d like to know if you downloaded this app too and what you think of it.
Tell me in the comments section right away!
Also, share this post with your friends, thank you!
5. Update On BTCs Mining App Scam
A few weeks after this post was published on the 6th of July 2022, I have been receiving messages from the users of this app that the information in this post is misleading.
So, I decided to go back to the app and see what has changed.
Guess what I found? A mining button that was not there initially.
To start mining, I was required to do a selfie verification.
Now, as the mining button is rotating, I’m earning CORE coins (no longer BTCs).
Moreover, when I click the “MyAssets” button, I see some BTC rewards too but all the coins are frozen.
I guess when the mainnet is launched, I’ll see if I can cash out these earnings.
If you are wondering whether this has changed my mind about BTCs Mining App being a scam, the answer is “NO“
Looking at the mining page on the app, all I find are figures and words put together to convince users.
However, because “hash”, “block”, “mining”, “miners”, are mentioned here doesn’t make this app legit.
And neither does the sugar-coated tweets or outrageous following on Twitter.
Nothing in the crypto space is 100% guarantee, and that’s the vibe I’m getting from the platform’s tweets and reviews on TrustPilot.
Besides, I saw some Tweets by worried users and something about mining on the app for 80+ years.
Again, who is waiting around for 81 years for rewards? Are these people jokers?
Then I follow a link on their pined tweet to see that users can increase their earning by tapping a code on the white paper for 100 times. 100 times! Really!
Did I mention the tweet that suggest that users can refer more people to increase their rewards?
Final thoughts…
For an app that promises users free bitcoin, BTCs Mining is asking for a lot.
Aslo, I see 100% guarantee of returns (with no risk warning), insistance of referrals, and inconsistency with features/reward type as red flags.
Nevertheless, if anything changes whether positive or negative, I’ll come back here and let you know.
Stay tuned!
I just updated the app today and my phone keeps telling me app isn’t installed. I rebooted and tried again and it was the same thing. I uninstalled it and installed it again and it keeps telling me app isn’t installed. I think Chiamaka have been telling us the truth.
I now got the old app from a friend and transferred via xender, now I was able to login and back to where the app stopped mining.
I think this app is a SCAM. They are trying to run away from the play store.
Starting to think the mining was a scam mainnet was supposed to launch on 12th but delayed cause of audit. Ok but audit finished late on 12th. But kept the delay to the 15th. Then 15th comes around and nope need 3 day cool down for people to get their minted coin. Now it’s the 18th and launch isn’t until the 26th. What is the bs excuse this time. The 3 day cool down needs a 8 day cool down. Then come the 26th there will be another bs delay. And when it does finally launch I won’t be surprised if the price ends up being $1 that would really be the cherry on top.
This lady is among the doubting thomas in this generation who will mislead everyone into poverty believing everything is scam.
I’m a core miner and I have received 600$ worth of btc through referrals.
Call my line and I’ll chat you up to show you withdrawal evidence 0817140513.
You’re very misleading and you’ll remain where you are because your brain tells you that everything is a scam.
I’m sure you’re mining core also but telling others not to mine because it’s scam
Hello Paul,
Thank you for reading through the post.
I don’t need to call or chat you up before you show the evidence.
You can actually post it here so all can see it.
Look forward to seeing that.
I don’t see the reason as to why you should be misleading people..stay in your own lane and beliefs.
You created this webpage just to post negative reviews on the beneficial things because you can’t afford ’em.
Hello there,
Thank you for taking the time to read through the ‘negative reviews’.
However, it will really help a lot if you can point out the ‘misleading’ parts here.
I will be glad to take corrections.
Hope to hear from you soon.
Some of your post are correct and some are not.. People like you are oversmart.. You remind me of movie.. Fast and Furious.. You are just like Roman …😂😂😂
Hello there,
Thank you for taking the time to read through to identify the correct and incorrect parts.
We will be most glad if you can point out the incorrect parts so we can fix them.
Thank you.
You only want to mislead people and I bet you’re also mining this coin too, so why the stupid writeup. I’m just happy that no one will follow ur lead
Hello Christian,
Thank you for taking the time to read through the post.
If you will be kind enough to point out the parts that are ‘misleading’ and ‘stupid’, it will be greatly appreciated.
Thank you.
Check the app screen shot you posted, by the right hand side under btc you see 0.00000176 when you refer and get up to 0002 you can make withdrawal
Hey Sam, evidence for this will be appreciated too.
Thank you.
It’s obvious you don’t know anything about the project, do your research very well before you mislead people, some persons are using clone app and the btcs/core team do banned such clone app for cheating, real btcs/core app give bitcoin give away and rewards for referral
Hello Sam, will you help to explain better for us?
And if you can help with the correct link to use for downloading the app, it will be appreciated.
Thank you.
It is important you acquire adequate understanding of a subject before writing a review. Your perspective is far different from what Satoshi core is. You can do yourself well to apologize to the general public for this misconception.
Hello Isaac, will you be gracious enough to do the educating?
Please can you educate me, cos am on it already. And everything seems like movie to me
How somebody can be minning for free without investing any funds.
Fingers crossed 🤔🤔🤔
Hello Stanley,
We already shared our view with this post.
Hello Norbert, you can go ahead and make the payment. The naira equivalent will be deducted in euros.
Most of your writing are not same as it is,plz study more n know more about the app mining
Hello Nehlun,
Will you be kind enough to point out the parts that ‘are not the same’?
I can’t find this on App Store
This post is kind of getting me confused but no withstanding I’m already on it! Let’s wait and see their shew forth and I also hope the poster of this post doesn’t miss out when it’s time
Hello Vicky,
Thank you for reading through.
Kindly revert with the results you encounter.
You are misinformed about this project and you are misleading people. Your write up is very poor.
If you need information about this project let me educate you.
Stop misleading people please
Hello David,
Please, go ahead and educate us.
We will be glad to learn from you.
The App you have is a clone. The real BTCs Satoshi App do give out bitcoin when you reach the minimum payout of 0.00020000. Your shoddy journalism is very misleading. Critiquing your investigation will help you offer better advice.
Hello Tega, will you be kind enough to:
– share evidence of withdrawal
– share the link to the main app
– point out the part(s) of the ‘journalism’ that are shoddy
That will help my critique better.
My best friend transferred his bitcoin from the app to his trust wallet.
It might be real or not.
But I’m not taking any chance. I’m doing it!
Scam or legit,Your research is too poor according to what u wrote
Can you kindly point out the parts that are poor?
The latest News on core could be helpful please
We are working on that.
Please give me the lagit mining site let me start my trading
Hi Paul, nothing is certain in this crypto space.
Do your own research before setting out to use any platform.
I received 20 dollars of Bitcoin my friend receive 100 dollars in Bitcoin but don’t know about btcs price in future test net shows 1 btcs price is 800 dollar but I’m also confused it will happen or not 😔
Please I need more expansion on this issue and more identification over the app
How do you mean?