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Crypterra Review: A Decent Crypto Mining Service or Scam?

Crypterra Review: A Decent Crypto Mining Service or Scam?

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Estimated reading time: 6 minutes

Crypterra is a new Crypto-currencies mining company set up in May 2017. The company believes that they have the most ambitious employees around. They claim on various crypto mining forums that they are very professional, plus they own the latest, most efficient cutting-edge mining equipment in the planet.

Crypterra.net targets both individuals and business owners who want to invest in Crypto-currency mining without necessarily undergoing the hustles that come with operating hardware and paying huge electricity bills.

When we look at the background details of this cloud mining company, we realize that it’s based out of Hong Kong, China. This is supposedly an advantage because China has the lowest cost of electricity in the world. This would automatically translate to bigger profit margins because the cost of electricity is the major impediment among those looking to mine Bitcoin profitably. And if data centers are located in a country like China, it cuts costs significantly.

So when we made further inquiries to learn about Crypterra and their offers, we received very convincing sales pitches which depict how great this company is and how they are determined to help investors of all levels make money.

Can you make money with Crypterra? Definitely you can? Is it the best Crypto currency cloud mining company on the web right now? Not really. There are dozens of competitors out there, and we are sure that no matter how good Crypterra sounds like, it cannot beat them in this game.

Crypterra review

This is a very promising company cloud mining company in terms of their offering, customer support and other benefits which they tout on their site.

Crypterra claims that they are always struggling to create the best customer support environment. They also believe that they are the only crypto currency cloud mining service with unique suite of products. And when they combine these advantages with their cutting-edge mining hardware technology, they can deliver a level of service that is far beyond what other competitors are offering.

Crypterra also alleges that they have clients of all levels who are making real profits with their platform. Apparently, this assertion cannot be verified, although people are already talking about them in forums like Bitcointalk.org.

Crypterra seems to be very confident when it comes to the category of clients which they are targeting. As you can see, they have plans for individuals, businesses and organizations too. We’d love to hear what these organizations are saying about their experience with this site.

Their data centers are described as ”world class”. Decent up time is always guaranteed in addition to fast connections.

The company has invested in GalxC Cooling system, and that means clients shouldn’t be disappointed with hardware failure due to heavy workload or unforeseen technical breakdown.

Since Crypterra believes that they are sufficiently equipped, the company is also very confident that every investor who joins their platform will make profits quickly. Is this true?

Too good to be true promises

”The price you see is the price you’ll pay.” That’s their slogan. But when asked how they are able to run their mining rigs so efficiently while keeping costs down, they claim that their mining rigs are operated from a place where electricity costs are insignificant. In fact, their website states that mining rigs run on 300% Clean Renewable Energy, a factor which has made it possible to keep electricity costs in check while also maintaining a greener planet.

And when they combine this factor with their industrial-grade hardware (GalxC Data Centre Cooling systems), they are able to achieve their objectives while making the operation as affordable as it can get.

Of course everyone would be rushing to open an account with them if it was this easy. Crypterra makes it sound like a walk in the park. But the truth is that so many factors affect mining operations. These factors also determine the level of efficiency that a company will operate at. If this efficiency is high, then more coins will be made as their systems finds and solves more blockchains. But also remember that it is always easier said than done.

Crypterra mining pools

We appreciate the fact that Crypterra works with some of the most established Bitcoin mining pools around. These include bestxmrpool, minero, dwarfpool and many more. Unfortunately, you customers cannot choose their own preferred mining pool.

Types of Crypto-currencies that Crypterra is mining

Crypterra mines a variety of coins for their investors. These include Bitcoin, Ethereum, Zcash, Litecoin, and Monera. The minimum investment for each one of the coins also varies. For example, when you want to invest in Bitcoin cloud mining through this company, the cheapest plan will cost $35 only. This will get you 250 GH/s of Bitcoin mining hash power.

crypterra plans

Business and enterprise plans attract a minimum investment of $384 and $1920 respectively. These are open-ended mining contracts, meaning that investors will continue to make profits for as long as the contract is able to pay for its running costs and still yield some profits.

Are their data centers real?

There is an increasing concern about websites that claim to have state-of-the-art data centers when they don’t even have a data center in the first place.

These sites will also go a long way into convincing naive investors through fake pictures that don’t represent data centers which they own.

However, with Crypterra, we see that indeed they own real data centers from where their mining operations are based out of.

Although there is no sure way to confirm whether or not this company owns the mining facilities which we are seeing in the pictures below, it would be difficult to believe that this company is not a legitimate cloud mining company.

crypterra data centers

So far, their records are in order. We’ve come across a few threads on the internet discussing this company in details. These threads are mostly started by people who are curious to learn about this company and whether or not they can invest their coins here. We also see their representatives actively participating in those forums, which is a good sign.

How does Crypterra compare to its competitors?

The difference isn’t big. The reason why this company hasn’t appeared in our list of best crypto currency mining companies is because we haven’t used it yet.

We don’t like recommending companies just because they look professional. This would be far more misleading. So hopefully when we get involved by testing one of their plans, we will update this review accordingly.

Does this mean that Crypterra is a scam?

We don’t believe that this company is a scam. Can we confirm if payments have been issued to members? Again, this is quite difficult to find out.

It takes us back to scouting Bitcoin forums where this company is being discussed. In those testimonials, we didn’t come across anything that raised an alarm.

But at the same time, there is lack of concrete evidence of people who have been using this service and are making profits out of it.

Our best advice for you

If you don’t want to gamble your coins to a company whose services we have not used, just stick to the safer alternatives here –our recommendations Crypto-currency cloud mining services. This will give you the best chance of succeeding since we’ve tested them before.

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