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Crypto Mining Scams are one of the most common type of Investment Scam. There are thousands of fake websites that claim to generate profits by mining cryptocurrencies. They promise absurdly returns such as 1% per day and ask users to 'invest' by purchasing packages for varying 'hash power'. However, these websites are not real companies at all and do not possess any mining equipment. The websites are either running Advance Fee Scams or Ponzi/Pyramid Schemes.
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