Power-miner claims that it is the most secure Crypto currency cloud mining service on the internet. The service was created in November 2018 and is being promoted using Google ads to try reaching customers and getting the attention of the cloud mining community in general. Is Power-miner legit or a scam? This is the question that majority of people out there want to know.
Since Power-miner is a brand new operation and there are no user reviews yet, we can confidently say that nobody has used their service and if we are looking to analyze it, we must take the risk by testing the service. While most of the time we go an extra mile to take the risk for the sake of writing this review, there has been an increasing number of similar websites claiming to mine Crypto currencies for their customers. Testing all of them would be hectic, but if they resemble each other in the way the presentation is made, we can always make accurate judgement concerning the site most of the time.
Since this is a relatively new site and its reputation is unknown, we advice that you sign up with these mining platforms until Power-miner can prove its worth. We hope they’ll do it soon now that they have already embarked on an aggressive marketing campaign which will see many clients knocking their doors in the next couple of months.
They claim that mining rigs have already been set up and are running. When we sign up for any plan, we instantly gain access to these plans and so mining can start immediately. We can’t verify how safe the site is at this time because even the best Crypto currency sites still get hacked. This is no exception.
The site also claims that they have the fastest mining hardware and are even encouraging us to utilize their service rather than resting with noisy miners at home. While there is some sense in what they are saying, they don’t really elaborate on the specifics behind this operation such as which type of miners they are running, location of these mining hardware and the owners of the operation.
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This can only mean that Power-miner is either not telling us this information because they are secretive or they do not actually have any mining facilities. Their about us section comes across as too generic to boost our trust on this service. They are also listing down some 6 supposed advantages of using Power-miner. These include Instant account opening, instant withdrawal, detailed statistics,investment planning, coverage by insurance and fast and efficient Crypto transactions. What caught our attention was the mention of coverage by insurance. This is unheard of in the Crypto currency investment industry due to the high risks that are associated with this form of investing. This feature is therefore a big fat lie because the site cannot truly insure your investments with them.
There are 4 investment plans in total. These include Beginner, Intermediate, Advance and Superior. For a minimum investment of 0.005 BTC, we can purchase beginner plan where we access 0.25 TH/s of hash power and a daily return of between 0.3-0.8%. Average annual return is estimated to be 200%. This means that the service is claiming to have the ability to double your investments in one year. While the daily profits look real, they still appear to be on the higher side and the estimated 200% annual return does not look real.
For 0.05 BTC, we get enrolled into the Intermediate plan and we get 2.5 TH/s of hash power. ROIs are the same as in the first plan.
And for 0.2 BTC, we get enrolled in the advanced investment plan. We get 25 TH/s of hash power and returns remain the same. Lastly, there is the ultimate mining plan which costs 0.5 BTC and is giving 250 TH/s of mining power. Despite investing in this amount of hash power, Power-miner still wants us to believe that we will make the same returns as the basic plans. This is quite confusing because the more we invest with the project, the higher the returns. But with Power-miner, they are giving the same returns regardless of whether you invest a lot or a small amount of money. The math behind it is not understood.
Power-miner was privately registered in November 2018 and they can be reached on [email protected] The details of the company behind Power-miner can be found on this directory. However, it does appear as if the people whom they list on their site as the operators of the mining firm are not real. At least their names can’t be verified in the link which we have just give you.
There is lack of transparency here, which makes the site even more suspicious when you consider the fact that it is a brand new site.
It’s hard to trust new sites when they are created anonymously. Even if we wanted to, we would still find it hard because there are certain red flags which we are not willing to ignore. Ownership info pertaining to this site cannot be established and secondly, there are no user feedback or reviews concerning the site. It is therefore not clear whether or not the site is paying.
This means that we will have to wait until at an appropriate time when reviews will start to come in. We can find out what customers are saying when the site appears on hyip monitors.
You need to take precautions because not every new site that claims to mine altcoins is actually participating in mining. This site has not talked about their mining rigs, plus they are a very new site, and care should be taken when approaching them with the intention of sending money. Power-miner has not established their reputation yet. That’s why you need a lot of patience here. In the meantime, we are encouraging Crypto currency mining enthusiasts to mine with these sites. They are the best you can find on the internet.
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