Despite collapsing in April, USI-Tech has kept up the crypto mining charade in their affiliate backoffice.

Unfortunately for desperate investors still bothering to check their backoffice, on October 23rd they were informed the charade has been dropped.

USI-Tech launched their
BTC Package Ponzi scheme
on the premise of investing funds in cryptocurrency mining.

When US regulators came knocking and demanded proof, instead of providing it USI-Tech shut down.

In contrast to their investors collectively losing millions, USI-Tech owners are apparently 
driving around in Lamborghinis
.

Citing a “rising hashrate”, USI-Tech claims it is ‘
currently not profitable to keep the mining machines running.
‘

The electricity and maintenance costs have become too high, with the bitcoin price currently too low to afford the costs of the required computing power.

Accordingly the company has “temporarily stopped” its non-existent mining activities.

We will inform you once the situation improves and mining becomes profitable again.

Best Regards

USI-TECH

Electricity costs being brought up is kind of ironic in light of Horst Jicha
blowing $1.5 million chasing magical free energy
.

USI-Tech’s purported mining difficulties meanwhile comes hot on the heels of
BitClub Network
and
Kuvera Global
making similar announcements.

Looks like “Hi there, we’re turning off our equipment…” is the mining Ponzi exit-scam of choice.

🤖 Quick Answer

What was USI-Tech's original business model?
USI-Tech launched a BTC Package scheme based on cryptocurrency mining investments. The company claimed to invest customer funds in mining operations, positioning itself as a legitimate cryptocurrency venture before regulatory scrutiny led to its collapse in April.

Why did USI-Tech cease mining operations?
According to USI-Tech's October 23rd announcement, rising operational costs made mining unprofitable. The company cited elevated electricity and maintenance expenses combined with declining bitcoin prices as reasons for discontinuing mining machine operations.

What regulatory action triggered USI-Tech's shutdown?
US regulators demanded proof of legitimate cryptocurrency mining activities. Rather than providing documentation, USI-Tech ceased operations, leading to substantial financial losses for investors while company principals reportedly retained personal assets.

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