Welcome to the Elgomine review. This is one of the newest Bitcoin mining websites on the internet right now. Having launched last month, the site promises up to 5% ROI, a handsome referral commission and user-friendliness for their customers.
On the Elgomine website, it is stated that they have eliminated the complex functions of the process and replaced it with simple to understand processes. We do not understand what they mean by this statement because even if they were to leave it as is, it would still involve the simple act of purchasing hash power from one of their 3 plans so that mining of BTC can commence automatically.
Therefore, in this review, we will tell you whether the site is safe to invest in or not. It’s still new, and definitely we need to analyze lots of stuff here.
Elgomine offers 3 types of investment plans, with one of the plans being fully customizable depending with the needs of the investor. The site is still new because according to who.is, they opened their doors to the public in September 2018. This is considered new compared to more established Crypto currency cloud mining sites which have been around for a long time now.
Since it is new and people tend to believe that for one to make the most out of high yield investment sites, they must sign up in the early stages, we believe that this is the time to test them with a very small deposit just to see how far it would go. Most of these sites will only pay in their first week of existence. As time goes by, rates become poor and they may even stop paying altogether.
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Elgomine is new but the people behind it have been working in the BTC mining industry for some time. We have also learned that they’ve been testing strategies for different Crypto mining programs until they put together their own mining program in form of Elgomine.
The site also promises its clients that they are working round on the clock on a daily basis in order to issue returns on a daily basis. In addition to this, they claim that they have made the process as safe and efficient as possible. That explains why they claim to pay up to 5% daily returns, which is quite high considering that BTC mining has a lot of factors that influence the operation.
We actually do not know the type of technology and mining hardware which they’ve invested in in the past to make this process more efficient than it currently is in the industry. But we can still give them the benefit of doubt to see how efficient their operation can get.
We of course appreciate the fact that Elgomine is also offering a fully customizable investment plan for those who cannot find their ideal choice among the plans offered by this Crypto currency mining site.
The other concern that people are having with BTC mining is whether it is still profitable in 2018. The thing is that this business can still be extremely profitable with the current low price where Bitcoin is sitting. One factor might lead to the explosion of pricing such as the one that we saw in December 2017. If this happens (because it can happen anytime from now), those who get into mining the coin at the moment will reap bigger profits for cheap.
But of course there is no telling when that effect will start rolling again. You can only mine now and wait for prices to increase. This way, you can earn easy profits. You should only make sure that you are mining Crypto currencies with reputable platforms. This is the only way to avoid losing money to scammers who pose as genuine Crypto currency cloud mining operators when they do not even have mining equipment.
the Starter plan takes 33 days in order to come to full maturation. This is the longest of duration among the 3 investment plans. It offers up to 3% daily returns and a 21% weekly ROI.
The Mega Plan is the second most popular, and Elgomine even claims that we can earn up to 4% daily. The plan takes 24 hours to come to full maturation. Weekly ROI is said to be at 29% which makes it about 125% a month. This ideally means that Elgomine is telling us that we can double our investments with this plan in just one month. It is of course hard to believe. But just like we have said before, sometimes these sites will issue payouts in the first few weeks before rates can go down or before they can stop issuing payouts. We are not so sure whether this will most likely be the fate of Elgomine.
The Freedom plan is the plan that offers the ability to customize based on one’s personal financial goals and capacity. If your needs can’t be met by the first two plans, this plan will be the most suitable of the 3.
The benefit is that we are being offered a low buy in rate and we can literally get started in BTC mining without having to worry of paying a high deposit just to test whether the service can issue payouts as stated on their site.
So, which of these plans can you safely invest in? First of all, never invest carelessly or use your Grocery money to invest on the internet. Just like any other site, Elgomine has its own potential cons.
Elgomine is still very new, and the kind of returns which they promise are not in the norm. These things worry us in as much as they keep insisting that the site will issue these payouts. We know that in BTC mining, we can’t generate 5% daily returns.
Our hope is that you will invest wisely. Never invest money that you cannot afford to lose because in the event that you lose it, you will suffer a big financial setback which you may never know how to recover from. If you want to mine, do so with these companies.
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