Сrypto Mining LTD is a Crypto currency cloud mining company which claims to have rented their servers in Ireland. Their data centers are allegedly situated in Dublin and are guaranteeing economic and legal protection to their clients. Miners can also choose the speed and power with which mining of Crypto currencies can happen. In addition to this, the company also promises stable financial profits to their members. Their data center allegedly has an output of 32 PH/s. The website is currently popular in the country Venezuela. However, details of this company are not in the companies house website, which means that it is not registered in the UK as claimed on their website.
The other alternative which they are offering is the option to install a mining program on the user’s browser. With this option, users can mine Crypto currencies without renting servers, thanks to this mining software which was created by their ‘expert’ programmers. On top of this, the company is offering a reward of 10% of their recruits production. Their website also looks like a professionally designed site meaning that whoever created this site is not by any means an amateur. The question is whether or not this site can be trusted. On one hand, it looks like a ponzi scheme and on the other, it looks like a genuine cloud mining site.
Having said this, it is best to point out certain things about this site which users should consider before they ever consider mining with this site. The first consideration is that Crypto Mining does not have a company that oversees its activities and yet they claim that their company is registered in the UK. This appears to be a lie which the owner of the site crafted to try making the most out of their traffic. Our investigations reveal that no such company exists in the UK.
If you want to establish the credibility of a site that claims to mine Bitcoin and other Crypto currencies, just go through the forums and what people are see what people are saying concerning that site. You will eventually get a feel of what people think about the site and whether or not their service is trustworthy. On the same note, we have listed sites that we have been mining with and recommending for a long time. Those of you who want to mine major Crypto currencies like Bitcoin, Ethereum, Litecoin, Dash and so on should definitely sign up on one of those sites.
Obviously the first thing that we will start with in this review is the alleged monthly returns of 46%. The mining calculator gives this estimate when we input various hash power and in our experience, we know that mining of Crypto currencies cannot generate this kind of return no matter what. Any site that makes these claims is definitely lying to you about the projected income. In fact, if you look at genuine cloud mining operations on the internet, one thing is common. These sites don’t make any outrageous earning claims. They only show us their mining plans and their prices and that’s it.
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But for a site like Сrypto Mining, things get suspicious as we investigate it further and realize that not only are their returns inflated, but the site is also not transparent when it comes to details of ownership, their mining resources, their employees and so on. There is a video on their site which portrays what looks like the inside of a data center. However, this video cannot be treated as proof that Crypto Mining actually runs a data center in Dublin. The reason for this logic is that nothing in that video shows that the data center which they are touting on their website belongs to them. We therefore can’t take this as proof that the site has any data centers from which income is generated through mining.
Сrypto Mining LTD claims to provide the option of mining using their special program which can be downloaded and used on your PC. This is a common tactic on the internet today which we have also warned our readers against for the simple reason that mining software will use your CPU resources and even shorten the lifespan of your device. The best way to generate Crypto currency through mining is to actually invest with a site that has real data centers for generating Crypto currencies. Just in case you missed our link above, click here and explore what those sites do. You will see that none of them are offering shady software for mining on the user’s PC. These apps could even collect your personal information and use it for their own gains. So besides wrecking your PC, you stand a risk of this site stealing your personal information.
The ranking of this site is amazing. However, this ranking does not agree with the fact that despite this traffic going into the website, the site still fails to create a buzz on the Crypto currency forums. What could be the reason? This simply means that the traffic could be fake as it is generated using bots and not real humans but alexa.com sees it as human traffic. That is the logic behind the site not having any customer feedback for the kind of service which they provide.
Having said that, it would be disastrous to recommend a site that does not have any feedback yet. We are looking at a site that claims to have started business in 2013 when there is zero evidence that miners are actively using its services.
Сrypto Mining LTD could be a scam because all evidence points to the possibility that the people behind this site are only lying about their service. While the site is aesthetically pleasing, it is not providing us with verifiable information which can be trusted and taken as credible. For that reason, we are only sticking to the popular Crypto currency cloud mining operations here.
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