First Thoughts on BtcRush.
We just began a “Silver” listing for BtcRush on the EmilyNews monitor.
As the name of the company might imply, they are involved with cryptocurrency mining. Specifically, they specialize in mining altcoins other than Bitcoin. They then trade the altcoins that they mine for Bitcoin. The website states:
The matter is that we are engaged in the extraction not only of bitcoin, but also of the most promising cryptocurrencies as soon as they appear. It was extremely simple to mine such currencies as ETH, LTC, DOGE and others in the first days of mining. Using many years of experience in the cryptocurrency market, we can easily track new prospect players, be the first ones to start mining them and then sell them for bitcoins, thus ensuring a stable profit for our customers.
This solves the main problem of modern mining: mining bitcoin is incredibly difficult now. The mining of altcoins requires much greater efforts in the field of analytics of modern blockchain technology, but it gives several-fold higher profits. Judge for yourself, the graphs speak for themselves.
BtcRush claims to have an undisclosed number of large mining farms. The website provides extremely brief looks at three of them, the excuse being made that closer looks might reveal some of the secrets of the special technologies employed at these farms. If these mining farms truly exist, BtcRush is a multi-million dollar operation as the purchase of the sites and then the acquisition and setup of such hardware requires a monumental investment. And they claim to have done this at not just one or two or even the three sites shown on the website. There are still more!
Here is what the website says about these mining farms:
And here are our best mining farms. For security reasons we cannot demonstrate all our farms because the safety of customers’ funds is the highest priority for the company. The cameras are set up so that the disclosure of any sensitive information is impossible, but we have an excellent opportunity to show you our powerful data centers.
Maverik Farm
This is our most powerful farm Maverick. A secluded place in the mountains hiding incredible computing power. The farm was specially built in such a way that the flow of the cold mountain river would cool our servers. Thus, we save a significant amount of funds for ventilation. Day and night our giant farm consumes megawatts of electricity and mines Bitcoin according to the SHA-256 algorithms industry standard.
Hephaestus Farm
Our most reliable and secretive farm is located in a bunker of the Second World War times. Once the authorities put the object to the commercial real estate market, it immediately attracted our attention: what can be more reliable than a bombproof shelter?
RebelPower Farm
Our mining center is located at the former power station. Fortunately, the architects thought well of cooling this huge space; we just had to change the rotors. A gust of wind cooling the farm may be so powerful that can easily knock down a man. There was no better place to put our GPU graphic processors and provide them with the most powerful cooling equipment.
According to documents that can be viewed on the website, BtcRush was incorporated in England in May of 2017. At that time, the corporation only had a single Director, a Mr. Jaylon Cross, who is also the sole shareholder. This type of organization, that we refer to as a “One Man Show,” is typical of many HYIPs. We wrote an article about this is HYIP Insights #17. There is some inconsistency concerning the history of BtcRush as the “Our Team” tab in the website lists a Mr. Bruce Rodgerson as the founder of the company. What happened to Mr. Cross?
BtcRush only has a single investment plan. It pays 4.1% interest daily and is what we refer to as a “perpetual” plan in that it will continue to pay you this return forever or until the program closes its doors. We will say a bit more about this investment plan when we review the program a few days from now. Please stand by…
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