Categories: Cloud MiningReviews

Crypto-Mine Review

The time has come to look at another cloud mining company called Crypto-Mine. Similar to a lot of other platforms in this particular industry, this site is looking to attract investors from all over the world, by offering them high ROI rates and an affiliate program. Bitcoin, Litecoin, and Dogecoin are all supported, although it is very doubtful anyone will ever see their money returned to them.

Also read: BDMiner24 Review

The layout of Crypto-mine is slightly different from most other websites, although that on its own is not a reason to invest any money in this platform. Cloud mining relies on trust, and this company is not instilling any trust when taking a closer look at what they claim to offer.

By offering customers easy access to Bitcoin cloud mining, Crypto-mine wants to make a name for itself. So far, they are doing a good job, but not in a positive way. The company claims investors will earn up to 40% ROI per month, which is absolutely impossible in the world of Bitcoin mining.

That is, unless Crypto-mine would control close to 50% of the total Bitcoin hashpower, which they do not. There is zero transparency regarding which mining hardware the company is using, let alone how they would be able to make good on their ROI promises.

Related Post

Signing up for the Crypto-Mine website will reward users with a bonus of 1,000 Dogecoin – similar to what other cloud mining scams offer – as well as a daily gift of five DOGE. Neither of these rewards are even remotely enticing, and definitely not a way to establish a legitimate relationship with potential investors.

On top of that, Crypto-Mine runs an affiliate program, paying out 15% for every referral investors bring on board. Fifteen percent is a rather high amount to pay out to investors, as affiliates would earn 0.15 BTC from every Bitcoin invested by their referrals.

Last but not last, there is no company information to be found on the website whatsoever. The WHOIS records are not that helpful either, as all of the information is protected by PrivacyProtect. No company information combined with no proof of mining and the lack of transparency make Crypto-Mine a company to avoid at all costs.

Website: http://crypto-mine.com

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

The Calculated Collapse of $TG: How a “Utility” Token Was Engineered for a Rug Pull

In the unpredictable world of cryptocurrency, new tokens launch daily, each one a shining beacon…

1 day ago

Staked Ethereum Hits Record High as Whale Accumulation Signals Bullish Long-Term Sentiment

Once more, Ethereum is commanding the spotlight as fresh figures indicate that the amount of…

1 day ago

Arbitrum Sees Surge in Protocol Revenue and EIP-7702 Adoption Following ArbOS 40 Upgrade

The ecosystem on Arbitrum keeps flaunting its robust foundations, with a steady incline in the…

1 day ago

Ethereum Whale Accumulation Surges as Long-Term Confidence Outweighs Short-Term Volatility

Once again, major market players are focusing on Ethereum. The whale activity surrounding the second-largest…

4 days ago

Week in AI: Fartcoin Steals the Spotlight Amid Market Turmoil

It has been a tumultuous week for the artificial intelligence sector in crypto. Sharp valuation…

5 days ago

BSC Foundation Resumes Strategic Accumulation: VIXBT, CAKE, LISTA, and MOOLAH Under Spotlight

Following a brief stint of dormancy, the BSC Foundation is back in action, reestablishing its strategic…

7 days ago