The delisted apps that fraudulently sold mining services include, BitFunds, Bitcoin Miner, Daily Bitcoin Rewards, Crypto Holic, MineBit Pro, Bitcoin 2021, Ethereum — Pool Mining Cloud, and a crypto wallet service named Bitcoin — Pool Mining Cloud Wallet.
The report further claims to have found over 120 fake crypto-based apps in Google Play Store with over 100,000 downloads. This highlights the growing attention cryptocurrencies have managed to garner over time.
Crypto fans keen to explore mining must be mindful of the fake apps and use only trustworthy mining platforms.
Here’s a simple process you can go through to identify if a crypto mining app is fake or worth exploring:
If you are a beginner, you will be surprised at the number of mining apps when you search for them in any app marketplace. But as is true with anything in the crypto space, do your own research (DYOR), engage with the community on telegram and message boards, and pick the one that works for you.
Of course, we are biased, but an option to explore is Cudo Miner. Our full suite automates 95% of the mining process.
Cudo Miner is easy to install and user-friendly for professional miners or newcomers. Packed with features, it helps you earn as much as possible from your device and supports higher profitability without compromising the lifespan of your hardware.
Learn more: Cudo Miner Software Review (independent)
To install Cudo Miner, visit Cudo Miner and download the app. Cudo Miner supports Windows 7 or later (x64), macOS 10.9+, Ubuntu 18.04, CudoOS and ASIC.
Sign up for a Cudo Account by entering your email address and password or by using one of the alternative methods listed. Follow instructions from the starter kit to verify your account, connect your device, and configure your settings.
Once you are all set and start mining, head to the transactions tab in the web console to withdraw funds by choosing your payout coin option.
The Cudo Miner platform includes an easy-to-use desktop application and a dedicated Web Console for monitoring, remote management and optimisation. The advantages of the platform include:
A growing number of apps make crypto-mining accessible, lowering barriers to entry. Unfortunately, some of them are simply attempting to get your money without creating any value. By following the simple steps outlined above, you can pre-scan them and avoid fraudulent ones. Although we are biased in favour of our product, we think you too would love it if you try it.
So, go and download the Cudo Miner now and see for yourself how great it is!
The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network designed to ensure decentralised, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.