Note from 8th March 2021: BitShark turned into a scam. Please avoid using them!
Today, I found a high-paying faucet, BitShark, that has been online for a few days. BitShark is a mining faucet where users have to dig coins firstly and receive a reward afterwards. Moreover, it offers a Dice and a Crash Game where users can multiply their Satoshis.
Since the rewards are pretty high and they’ve been online for a few days, I consider it as a high-paying faucet and examine it in the following.
Details
- Name: BitShark
- Website: https://bitshark.io/
- Rewards: 5 Satoshi to 0.1 BTC (check below for more info)
- Cryptocurrency: Bitcoin
- Withdrawal Method: Direct to the Bitcoin Address
- Withdrawal Threshold: 0.0003 BTC
What is BitShark?
As mentioned above, BitShark is a mining faucet where users have to mine (click) stones to receive a reward in Satoshis. Users can also use the integrated Dice and Crash game to multiply their earnings manually or on autopilot. If that’s not enough, you have the choice to deposit Bitcoin to make the most out of the Dice and Crash game.
Get Started With BitShark
Firstly, you need to sign up on BitShark if you haven’t done so yet. After that, please login onto BitShark. You will be redirected to your dashboard where you can mine the stone and receive a reward. As a newbie, you’ll receive free 5 mining turns.
Although on the site is stated that you can win up to 0.1 BTC, I received on my own rewards in the range from 1 to 25 Satoshi (updated 30nd May, 2020).
In the June update, BitShark introduced a new level system which limits how often you can claim. The lowest level starts at claiming every 60 minutes. However, with the highest level, you can claim every minute from the faucet which is about 1,440 claims a day. Your level depends on your wagered amount on the Dice game, Crash game and King Kong game. So, the more you wager, the higher is your level.
After you mined 5 times, you can choose to multiply your earnings using the Dice or Crash Game or just wait for your next claim.
Multiply your Earnings with Dice or Crash Game
If you want to make the most out of BitShark, you can also deposit some Bitcoin into your BitSharks account and play the Dice or Crash game. To do so, please click on the green-highlighted balance and click on Deposit, there you’ll receive a deposit address. After that, you can make a deposit.
Dice Game
The faucet has a Dice game-integrated where players can roll and win BTC. The Dice game is rich of options, e.g. setting your profit, auto-bet with stop loss or amount cap. Last but not least, the Dice game is provably fair and you can verify your bets at any time.
Crash Game
Besides that, you will also find a neat Crash Game on the faucet. The Crash game is the same as you know from other sites, e.g. Bustabit. But here is the instruction for newbies: you place a bet and wait until the game starts (countdown). Upon start, the line in the graph starts rising first slowly and then exponentially. At some point, the line will stop to rise and crash – whether at 1.07 or 200x. Nobody knows it and that’s why the addiction factor is high.
KingKong Game
In the recent update, BitShark introduced a KingKong game which is well-known amongst crypto gambling players. The concept is based on the original site BitKong. The point of the game is to choose one of the four cells. Upon clicking on a cell, the whole row will be revealed and you’ll get to know if the clicked cell is a fruit or shit. If it’s a fruit, the row above will be unlocked and you can decide to continue playing or withdraw your profits. If it’s shit, you lose the game.
Cloud Mining Game
In the June update, BitShark launched Cloud Mining on the platform. They offer four different plans that differ in the duration, interest and profitability. The lowest plan starts at 0.001 BTC with a duration of seven days and 36% interest a year. The highest plan starts at 0.10 BTC with a duration of 360 days and 72% interest a year.
So how do you profit from the Cloud Mining? It’s really simple. You just choose a plan and slide to the desired amount you want to invest. After that, you click on Buy. For now, you’ll start receiving profits every day for the plan duration. Once the plan expires, you’ll receive the full invested amount back in your balance. After that, you can decide if you want to re-invest or cash out the profits.
Note: Personally, I don’t recommend investing in cloud mining since, in many cases, the website shutdowns before you even reach the profit. The launched Cloud Mining on BitSharks simply shows that they won’t last enough. And make sure to invest only what you can afford to lose.
Referral Program
The faucet offers a referral program with generous commissions on most features of the website. These are as follow:
- At Mining Faucet: 50% of the base prize
- At “Multiply BTC”-Game: 0.25% of wager/bet
- Cloud Mining: 8% to 12% interest of users (depends on the chosen plan)
- For every referred user: 5 turns for mining
The commissions of the “Multiply BTC” – Game will be paid out for every 500 Satoshi that your referred wagers. Any amount below that will be saved for the future and credit once it reaches 500 Satoshi.
Moreover, it’s worth noting that you won’t receive the commissions every hour as stated on the website, however, you’ll receive the commission four times a day. So don’t be bothered if you receive no commissions hourly.
Payment Proofs
BitShark is paying its users. Below, you’ll find payment proofs of forum users and a successful withdrawal request made by CoinPensation. Moreover, what users and I like about BitShark is the swift and uncomplicated withdrawal process.
Withdrawal of BitShark by CoinPensation
Update of 8th March, 2021: They stopped paying their users. Please avoid using BitShark!
Is it Legit?
According to my research, I found out that the admin of BitShark is hiding behind WhoisGuard and I couldn’t find any information about the owner somewhere else. Concerning the financing, it remains unclear with which funds the faucet pays its users. My theory is that both games, Multiply BTC and Crash game, is a source of income for the faucet. Moreover, the high withdrawal threshold excludes in the first place newbies from withdrawing easily which indicates that the faucet can keep running for a long time. But that doesn’t mean they’ll run forever.
Final Thoughts Of BitShark
All in all, BitShark is a newly-launched mining faucet whose rewards is truly immense compared to other faucets. The faucet offers plenty of features to multiply the earnings, e.g. Dice Game, Crash Game and deposit feature to maximize profits. Also, the referral commissions are pretty attractive and can be profitable if you refer to lots of users. Despite these facts, it’s unknown how the faucet is financed and I deem they’ll close down in a couple of months.
Personally, I already earned bucks of Satoshis at BitShark by referring plenty of users and the commissions are flooding in my wallet like a fountain. Overall, I like the concept of digging stones and the Crash game, which is really scarce to find.
If you are up to find other profitable faucets, you can find the highest paying faucets here.
Here is a big team of fraudsters that can go to extent of posting positive news online to trap innocent investors, many things about them show that they are not real, people posting good news on them , must be their partners. They can go offline at will and come back with new promising stories . As I am writing this now, they are offline and how can u trace them or recover ur money if u are not within their reach, they are too fake to invest in their project or whatever.
At press time, they’re online and their service is running flawlessly. I know that there was an HYIP running on the domain a couple of years ago but it seems they’re not related with the current owner. Also, I monitor BitShark for any suspicious activities and I understand that users accused them of unauthorized withdrawal but these are common, that’s why it’s strongly recommended setting up 2FA. Finally, if you’re afraid of losing your money or feel unsecured, simply don’t deposit any Bitcoin there.
You will notice that when playing the crash game, if choose auto…it will only bet on the lower running numbers…seems 2 “miss” betting when runs up high😒so over all the scams
Nevertheless, the Crash game is still provably fair.
FULL FAKE. I REQUESTED MY MONEY ON MAY 1ST DAY . THAT TIME IT SHOWS WITHDRAWL HAS BEEN PROCESSED LIKE THAT , BUT TODAY I SAW THAT IT’S SHOWS NO TRANSCTION HISTORY . FULLY FUCK OFF……….I AM REALLY DISAPPOINTED
Have you written a support ticket to them? Perhaps, you haven’t confirmed the withdrawal confirmation per email.
Just over 24 hours ago, Bitshark.io started acting very strangely. I invested about $2000.00 worth of Bitcoin into their Cloud mining service. It was paying reliably for several months and I would simply reinvest the amounts that I received. Now the website has some strange invalid date time stamp error and is unreachable. I’m hoping this is a temporary glitch and I haven’t gotten screwed out of $2000.00 worth of my Bitcoin. What is your evaluation?
Basically, the site is reachable by following this step
Nevertheless, it could be a server issue since the SSL certificate got expired and the owner didn’t look out for his site, yet.
Moreover, I would exercise caution when dealing with BitShark.io especially when you invest such large amounts into their cloud mining. The best is to request a withdrawal once your plan expires.
Thank you for your help.
Hi Edward, is it still working for you? I am thinking of investing some Bitcoin, but I just lost 2 ETH to Miny.cc scam so I am cautious, It worries me that Bitshark has no info, no twitter, no telegram, no Discord, nothing, and no official names on whos owning it..
I have heard that Bitshark stopped paying over a month ago. So, just today I put in a withdrawal request. I will know in about 12 hours or so. I used a wallet search tool on my address attached to it. It says 0 balance. Disturbing, I’m hoping it’s only due to all my funds being tied up in the cloud mining and not that I have been ripped off.
Ok. Here’s an update. I should have been paid Sunday morning. Still pending. I’m going to proceed with some amount of grace. I don’t think they are being malicious, perhaps everything that’s been going on for the past year. They may be victims of the current global circumstances. Hopefully they will make good soon.
I will make a withdrawal on Sunday to check whether they still pay or they turned completely to a scam.
Their games are 100% rigged and this is very easy to prove, last couple of weeks the crash game would reach differnt multipliers now it crashes almost everytime before 2x mostly it dosent go past 1.5 I used to see 10x, 20x, 30x 50x 100x even 2000x multis times a day this last week And a half I’ve been watching. Lot And it dosent go over 4x also the history of what it has done has been taken down so you can not check And see what it has done over the last day to week. Sounds like to me they are about to lose up shop and ate trying to take whatever money they can get before they do go. King ko g game on the easy level you will pick the wrong spot first or second pick and thats supposed to be a 1 I in 4 chance, so those odds don’t add up either, their keno game used to be hot now 30, spots on the board you pick let’s say in u pick 6 and usually one or 2 numbers hit. I’m guessing they won’t be in another couple weeks at the most then poof that’s a wrap folks.
I can only confirm what you have written, the Crash Game algorithm has been definitely altered, the multiplier hardly gets over 2 since march, mostly crashes before, also the history to verify the latest bets is no longer available
So, for anyone out there: don’t invest a single penny in there.
Hi Salmen. I’m not sure if Daniel got my attempt to answer their question. Thank you.
Ok. One whole week and another big goose egg for payment status. I will give them one more, before starting the process of finding out who these people are. Salmen, what info do you have about them? Or do you know of anyone I could contact for assistance? If they continue in their current conduct, they are guilty of a Felony, locally. Thank you for any help you are able offer Salmen.
Week 2 and another goose egg. Still pending. All the info I have thus far is, they are based somewhere in Vietnam. I will ad more as I learn more details.
Some transparency on my part. I invested about 10 grand worh of Bitcoin at it’s current price in the cloud mining function of the website. So I have a justifiable interest in what’s going on with Bitshark.io and it’s practices.
Did I understand you invested 10 Bitcoin into BitShark? I also received no payment from them, so they obviously turned into a scam.
Hi Salmen. It wasn’t 10 whole Bitcoin, thankfully. However, At the current price $10’000.00. It’s now 2 weeks and still pending. Below is my public wallet key so you can use a tool and see my full transaction history. 32c1mBeVxztDUjMxiPuBpXztLoBMfch1WD.
This is the wallet address for Bitshark.io. Thank you.
Yes, this is obviously a large amount. You could have invested this elsewhere in a safe haven, e.g. in crypto lending. When did you invest in BitShark?
I started somewhat early last year. I had my funds in other high yielding accounts and moved them because I was enticed be the Cloud mining system in the website. What gets me, is the high level of detail in Bitshark.io. it totally looks legit. They keep meticulous track of every detail. Perhaps it’s to bolster their image. If you use a wallet search tool. You can see every transaction I had with them. Omitting the period at the end of key string. I think I found them maybe a few weeks after they started. They were advertised in website promoting crypto fountains.
It was advertised on Bitlist. He removed them and recently placed a warning that they were no longer paying. Bitlist is a good faucet tool. He does his research and keeps good track of the status of the faucets.
Fortunately this wasn’t the totality of my crypto portfolio, it was however a big destructive hit. Salmen, you can email directly in the future. So I’m not displaying all my tails of woe on a public forum. Thank you.
Yup. 3 whole weeks now, and I’m still looking at the pending goose egg. I guess I have to surender to the reality that they ripped me off. I’m sure I’m not the only one. This is outright grand theft. I’m going to work on my end to figure out who these characters are. If anyone has any investigative resources to offer. Please let me know. These sneaky clowns at Bitshark.io need to be exposed and held accountable. Not only for my sake, but anyone else that they have stolen from. Thank you.
I deposited 1$ for this site lasy year, and I placed a withdrawal coz I’d reached the minimum withdrawal but until now my request for withdrawal is at PENDING status.. is this site a scam already?
Yes, it is.