Tesla Mining Review is TeslaMining.net a Scam or Should I Invest

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TeslaMining: Is TeslaMining.net Bitcoin Mining A Legit Service?

Ever since the cryptocurrency market expanded, mining has become more and more common. Because of this, mining companies that people pay to mine for them are becoming more common too. Today we will review a company called Tesla Mining.

What Is Tesla Mining?

This is not a new company. The team of Tesla Mining has started to work with Bitcoin in 2020, which was considerably before this technology was known to most people. The technology of the company is based on “mining with rigs installed on Tesla cars that work with electric energy”.

Basically, you pay for hash power and then the company will mine cryptocurrencies for you and you will only get the profits. You can withdraw your money at any time that you wish. After you have paid once, you do not need to keep paying to profit from the investment that you have made.

How To Invest In Tesla Mining?

To invest in this company, all that you have to do is to create an account. If you do it right now, you will be able to get 200 GH/s for free plus the hash rates that you will buy from the company.

The company states that you will receive your money back in around 7 to 10 days and that will still get money after that forever. It sounds really good, almost too good to be true, actually, if you think about it.

The company states that it already has more than 3,500 users and that the number keeps going up. You will be able to get 10-15% daily from your investment if the company is really as profitable as it says it is. The site has a hash power calculator that you can use to know exactly how much you are going to get before you start to use the company’s services.

The activation is immediate. After you purchase the hash power, your mining contract will start to be used and you can withdraw whenever you want to.

You can also earn from referrals. A level 1 referral with make you earn 7% of the hash power, while a level 2 will be 2% and level 3, 1%.

Tesla Mining Conclusion

While the company offers what could be considered a good investment, we are somewhat skeptical about Tesla Mining at this moment. The company is offering something that could be considered too good to be true, so we have our doubts about its efficacy. Many mining companies are not very trustworthy and this might be one of them, so invest with caution.

Tesla Mining Review: is TeslaMining.net a Scam or Should I Invest?

Tesla Mining claims it could make you good profits from bitcoin mining. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of TeslaMining, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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TeslaMining.net Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

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Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Teslamining.net is not a legit bitcoin mining company, and it is NO way related to Tesla cars. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

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Valuing Tesla [TSLA] — Or Any Company — In The Coronavirus Era

March 24th, 2020 by Frugal Moogal

In my regular job, I’ve been tracking the progress of the coronavirus very carefully for approximately the past month. It was one of the fastest changing situations that I have ever been in some way part of. I was communicating directly with health officials about the situation. March 10, only two weeks ago as I write this, I was told that they expected that the spread had begun, but that it was containable and would not affect any operations until the end of April, if ever.

On the next day, March 11, I was told that it appeared the date for how quickly it affected things would be moved up to early April. That same day, I spoke with a friend who was organizing an event in our area Sunday, March 15, to see if he had heard anything differently and if it was affecting him. He told me that they assured him everything was safe and good to go, just as they had with me.

By March 13, my friend was told his show was being canceled by the state, schools were shuttered, and the entire world was seemingly turned upside down.

During this time, I hadn’t thought about pulling any money out of my stock portfolio. Upon reflection, it seems silly that on March 11 I should have seen huge red flags and dumped a significant portion of my portfolio. Shutting down huge parts of the economy is never good for the value of companies, and my stock portfolio in total is down about 50% since that date. In fact, I haven’t sold any shares in any companies that I own, and at this point I don’t intend to.

There is a lot of fear, uncertainty, and doubt out there right now — and, honestly, much of it for a really good reason. That reason is that it seems that countries with outbreaks right now are not following any sort of playbook, and instead we have politicians trying to figure out how to respond to an unseen enemy with a complete patchwork of regulations based on who they are talking to. At the same time, politicians everywhere don’t quite know what they will do to overcome the economic hardship the shutdowns will cause.

When I sat down to write this article, I thought about what sort of value I could add to anyone at this time. In this case, I’m wholly unqualified to offer insight into the spread of the virus, or when restrictions should end. I don’t have any idea about when to time the bottom of the market — and, quite frankly, I don’t think that moment is right now.

What I can try to offer is my thoughts on how I value companies I hold, and how that thought has made it so that I remain comfortable with my portfolio in these times. In fact, had I sold my shares back on March 11, I probably would have re-purchased the same companies by this point in time, just more of them all.

Frugal Moogal’s Guide To Valuing Companies

Truth is, this is what I use for figuring out if it’s worth investing in a company at any time, not just during the coronavirus age. I feel compelled to add this isn’t all that I look at, but I think it’s a good starting point. In no particular order:

  • Company Leadership — Great company leadership is the first thing that I look at for any company. This can be the CEO position, but it usually goes deeper than that. Is the company’s leadership responsive to customer needs. Do they have background in similar industries? Do they have leadership that their employees both see and feel like they can talk with?
  • Executive Pay — For this, I look at something specific, and that is base pay and bonuses. I like to see these numbers to be as small as possible for a simple reason: Oversight. Even if they deserve it, a CEO appearing to grant themselves significant pay or bonuses is never good optically. It makes me question how the company is being run. Stock benefits that are clearly spelled out, take time to vest, and must be held for a period of time are my favorite. They encourage solid long-term growth, whereas Wall Street often seems focused only on 90 days at a time. As you can imagine, Elon Musk’s package with Tesla is perfect to me.
  • No Stock Buybacks — As politicians debate if we are going to bail out airlines who bought back billions of dollars worth of shares, I hope that we start to put a bigger value on companies that plan for the long haul. I keep the rule that if a company is buying back its shares, I have no interest in owning it.
  • Long-Term Planning — Along with the above, I need to know what the plans are for a company in the future. I have worked for a lot of companies that look at just what a single quarter looks like, and there is far too much emphasis on this in investing. Goosing your profits in every way possible is unmaintainable, and companies end up trying to follow what they are told instead of doing what is best for them.
  • Is The Business Future-Proof — I don’t invest in businesses I think might be in an industry that is ripe for disruption, unless I believe I’m investing in the disruptors. Oil might be critical at this moment, but putting aside the environmental damage it causes for a moment, it would be an investment I would never consider because I anticipate that in the next 5–50 years, it will go away as an industry, and I don’t like trying to time things.
  • Do I Understand What They Do? — This is really simple, but often overlooked. If you don’t know what a company really does to make money, don’t invest in them. This shouldn’t just be top level though — dig into their financials and figure out what you’re looking at. For Tesla, for instance, I felt like I needed to understand regulatory credits, warranty repair accounting, and solar leasing agreements before I felt confident in the company. If someone asks you, can you explain the way your companies make money in a couple of sentences? If you can’t, then it probably isn’t for you.
  • Am I Too Close To Them? — While I believe you should invest in what you know, you should not invest in companies just because you love them. Walt Disney World is your favorite thing? That’s not a reason to invest in Disney. Go to every WWE event in your town (when we’re not in quarantine) and follow all the WWE news? That’s not a reason to invest in WWE. Heck, think your Tesla is the greatest car ever? That’s not a reason to invest in Tesla. It may be a starting point to invest in these companies, but if your decision-making process will be clouded by how much you love the product, you won’t make prudent decisions. That’s bad.
  • Invest For The Long Haul — I had originally titled this “don’t try to time the market,” but I think the real lesson is that you should never invest in a company that you don’t intend to hold for at least three years.

While we are in an economic downturn, none of the above has changed for any of the companies that I own. I’ve used this method for my investments for over 10 years, and while my share prices have taken a hit, I have confidence in them recovering over the long term. In fact, right now, I wish I had extra money because I’d love to invest more in the companies that I own.

Hope this helps in these crazy times.

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About the Author

Frugal Moogal A businessman first, the Frugal Moogal looks at EVs from the perspective of a business. Having worked in multiple industries and in roles that managed significant money, he believes that the way to convince people that the EV revolution is here is by looking at the vehicles like a business would.

Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns

Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he’s not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token.

“I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago,” Musk confessed. Using today’s bitcoin price of about $10,000 a coin, that translates to $2,500.

The serial entrepreneur – whose net worth tops $20 billion – made the revelation in response to a question about an online scam where random users pose as celebrities (like Musk) in a bid to steal people’s cryptocurrencies. (See also: IRS Wants to Tax Your Bitcoin Gains: Orders Coinbase to Turn Over User Data.)

Musk’s indifference to bitcoin probably wasn’t a shock to his fans, since he recently revealed that “a friend sent me part of a BTC a few years, but I don’t know where it is.” (See also: Elon Musk: Education, Success Story and Net Worth.)

Is Elon Musk Satoshi Nakamoto?

In November 2020, Musk denied rumors that he was Satoshi Nakamoto, the mysterious inventor of bitcoin. The brouhaha erupted after a former SpaceX intern, Sahil Gupta, in a blog post on Medium, wrote “Satoshi is probably Elon.”

Gupta reasoned: “Elon is a self-taught polymath. He’s repeatedly innovated across fields by reading books on a subject and applying the knowledge. It’s how he built rockets, invented the Hyperloop (which he released to the world as a paper), and could have invented Bitcoin.”

The true identity of Nakamoto has never been confirmed, but there has been a steady stream of speculation about who he is ever since bitcoin quietly launched in 2009. (See also: Tesla CEO Elon Musk Denies Being Bitcoin Creator.)

Meanwhile, Musk isn’t the only billionaire who’s skeptical of bitcoin and the crypto phenomenon. Bitcoin cynics are put off by the virtual currency’s erratic price movements, lack of regulation, and absence of a valuation guarantee because it’s not backed by a central bank.

Billionaire Charlie Munger, the second-in-command at Berkshire Hathaway, slammed bitcoin as a “noxious poison” and called the media hype surrounding digital currencies “totally asinine.”

Similarly, Munger’s boss, mega-billionaire Warren Buffett, predicted that cryptocurrencies will almost certainly “come to a bad ending.” (See more: Bitcoin Is ‘Poison,’ Says Berkshire Billionaire Charlie Munger.)

And in its latest letter to clients, the Paul Singer-led Elliott Management, which oversees $34 billion in assets, excoriated cryptocurrencies as a bubble, a scam and a fraud. “This is not just a bubble,” Elliott wrote. “It is not just a fraud. It is perhaps the outer limit, the ultimate expression, of the ability of humans to seize upon ether and hope to ride it to the stars.”

Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns no cryptocurrencies.

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