KanoCKPool is a cloud-mining service. And as our title suggest, it’s not really a legitimate one. In fact, nothing about Kanockpool do Com is authentic and their refusal to execute withdrawals for their investors has resulted in the exposure of their unethical business practices. Do yourself a favor by extracting the facts about this shady cloud mining site from our unbiased and factual review before you unknowingly suffer the consequences.
What is KanoCKPool?
KanoCKPool.com is a cloud mining site that claims to be free of charge and achieves high returns of 1.4% daily. Bear in mind that most legitimate cloud mining sites, on average, generate an annual percentage yield of 20%, not 511% as KanoCKPool is leading us to believe. Add that to the fact that almost all cryptocurrency mining platform appears to be shady at best, and one can quickly begin to realize how illegitimate of a business venture this is.
According to the site, the KanoCKPool was founded in 2014 as a Bitcoin mining startup. Having developed overtime to become the “world’s top Bitcoin mining pool” is perhaps the most ill-founded assertion made upon the website. They have also claimed to host the most advanced deployment technology along with release various cloud mining products that they have created.
How does the KanoCKPool program work?
Just like most HYIP programs that turn out to be Ponzi schemes, KanoCKPool operates with staggering similarity to other Bitcoin related scams we have exposed. To start using the operation you need to fund your account. These deposits are used for payment of new investors and the margins go to the owners. This questionable practice seemingly creates the illusion that their program is legitimate when in actuality the scammers behind this system are just bidding their time.
It isn’t until the quantity of new investors are so low that the creators behind this scam are unable to pay their initial investors. During moments like these, which happen quite often, do the founders behind this system decide to tuck tail and run.
In a similar way to other scam websites we expose, this one as well hides behind VPN servers to keep their anonymity. That way, when they decide to disappear with your money, you’ll find it hard to trace them.
Many users reported about not being able to take out their invested funds. Although it appears that they were following this Ponzi scheme format by paying their customers early on it is evident that their list of newly depositing investors was getting smaller and smaller, while the site announced that they are not allowing new withdrawal ordered for their investors.
KanoCKPool Scam Test
Does the website promise unrealistic returns?
Without question! It doesn’t take a mathematician to figure out that the return yields allegedly accrued by KanoCKPool are suspicious and unbelievable. Promising a daily return yield of 1.4% which equates to an annual percentage yield of 511% is much greater than the annual percentage yield of 20% achieved by proven and legitimate cloud mining sites.
Is there information regarding the owners of the site?
There is no date about who own the firm behind KanoCKPool. Moreover, a quick check on the WHOIS website shows us that just as similar scam crypto services, this one hides the identity of the creators. Not a good sign.
How old is the website?
As we mentioned earlier, kanockpool.com claims to have been founded in 2014. However, what a WHOIS query did reveal to us would be how the website was only founded on June 30th, 2017. This type of misinformation raises questions.
Does the site have a physical address?
There is no information about their physical location or any phone number, only an email address. In addition, the founders behind this scam relied on WHO.IS, an anonymous hosting service which makes finding out information about the owners of this scam virtually impossible. They use several different IP addresses in order to make it even harder to locate them. What it means for you, is that in case something goes wrong, you will not have any way to recover your invested capital.
Are any legitimate sites associated with the website?
Most the sites linked with kanockpool . com are claiming that the cloud mining program is nothing but another Ponzi scheme. A Google query will reveal how many investors who put their faith and money with this program has been unable to receive their withdrawal requests even after a period of over 30 days. Other sites associated with KanoCKPool would be YouTube channels that are currently endorsing this cloud mining program with affiliate links, and as you can imagine are receiving a good chunk of change for your sign up.
How popular is the website?
During the time of writing this review, kanockpool.com had a global ranking of 66,206 on Alexa.com. According to Alexa, most of the visitors seem to come from India, Brazil, Russia, Indonesia, and Italy.
KanoCKPool Review Conclusion
With the evidence we have provided on this website we believe it goes without question that we are dealing with a classic cloud mining scam. If you need more evidence, just check out the KanoCKPool thread on BitcoinTalk.org. Deceiving investors to get started with their program only to refuse their withdrawal requests is an illegal business practice and proof enough that we are dealing with a fraudulent investment operation. Don’t waste your income and saved money, and don’t spend your time in considering joining such scam cryptocurrency services.