There are literally hundreds of sites out there claiming to offer Cryptocurrency cloud mining services. Since 90% of them are run by scammers, it can be difficult to identify the legit ones. We have been covering them in our reviews to ensure that our readers are not falling in the wrong hands of scammers. Dualmine is today the center of attention, It is a new site that claims to offer mining in two Cryptocurrencies – Bitcoin and Ethereum. We have looked at it in details and are ready to discuss it at length. If you have used this site before,don’t be afraid to comment about your experience with them.
It is hard to answer this question in the early stages of this site’s operation. You realize that this site is quite new in the market. So this post is going to be inspired by what people are saying about them out there.
But first, we are going to talk about the specifics. The site is offering cloud mining returns of up to 15%. We feel that this estimate is just too high for any form of mining operation. With such a high target, the site is setting itself up for ridicule because we can’t help but wonder whether these returns can be achieved in mining.
Perhaps they will need to prove that their customers are truly earning these returns. If they did, we would consider changing our mind concerning this review. But as it currently stands, this is not the economic reality of Crypto currency cloud mining. The reality is totally different. Even 5% can be considered a far-fetched goal.
The site is listing someone called Lukasz Borzeszkowski and claiming that he is the CEO of the site. The site’s activities are overseen by a company called CRYPTONITS LTD. This company was incorporated sometimes in February 2018. So everything is new about this company. This CEO is not know at all. We have researched his background and nothing seems to come up. It is very weird that a new site like this one can list down someone who cannot be found elsewhere in other domains of the internet.
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We have also checked the company’s social profiles and discovered that their Facebook page has at least 2k followers who are actively discussing the progress of this website as well as their mining operations. However, what surprises me is that there is no tangible evidence of these people ever earning from this company. Dualmine is simply operating in a weird way. These 2k followers are not endorsing them anywhere, which is a very bad sign considering that when you have followers or fans for that matter, they should be able to stand by you even when people go outside the social media domain.
The good thing, however, is that Dualmine has listed a genuine physical address on their site as 0-22 Wenlock Rd, Hoxton, London N1 7GU, UK. A phone number was also provided. That is a good thing and we are applauding the site owner for this because many Crypto cloud mining sites have simply refused to become transparent. But with Dualmine, there seems to be a shift in how the industry will work.
That said, we are not claiming that this website is the best place to mine your Bitcoins or ethereum from. Things can change. Most of these sites start out pretty well. Then somewhere along the way, they change and start scamming people.
Knowing the truth is therefore difficult. One cannot establish the reality of what they will find when they purchase the alleged hash power from Dualmine.
The site is currently offering Bitcoin and Ethereum mining contracts lasting 1 year. For Bitcoin mining contact purchases, users are supposed to part with at least 0.002 BTC to get started. For Ethereum mining contract, the amount is 0.002 Eth. The contract is supposed to yield 180% returns after one year of mining.
We are not so sure if these returns are achievable with Dualmine. The fact of the matter is that mining is currently not so profitable compared to last year in 2017. Yes, people still mine. But they have to invest a lot into the contracts in order to earn some significant returns. And this investment has to be done on a legit Crypto currency mining site, not a scam website.
What we need to do is watch this site for at least one year to be able to make some conclusion. Since it is very new, one cannot say whether or not it’s a scam.
There are a few people talking about Dualmine here and there. What these people are not doing is giving us evidence of what they have earned with the site so far. We would have appreciated some evidence of earnings. If the site is offering 15% monthly returns, it should have no problem attracting the masses because people are only looking for sites that can given them 5% a month, let alone 15%.
So far, there has not been any complaints on the internet with regards to how this site is treating its clients. We are therefore assuming that people have not encountered any bad experience in the hands of the admin.
But as we have said, nothing is guaranteed in the future. Maybe Dualmine will start out well and somewhere along the way, they will change their operational procedures and do start treating their customers badly.
Even if we were to endorse Dualmine, it would be extremely difficult to tell whether or not they are paying because users have not produced evidence of such a thing ever happening from this site. On the other hand, the same users have not complained of having been scammed by the site. So Dualmine is right on the fence. We are not so sure about them.
It is generally a good thing to consider utilizing known services rather than mining services which are still finding reputation. We have already given you links to legit Bitcoin mining sites.
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