Fastmining.io is the domain where a supposed Crypto currency cloud mining operation is run from. They were established in 2018 and claim to have set up mining hardware in data centers located around the world, specifically in Europe, USA and China. However, Fast Mining claims that their offices are based in London. But none of this info can actually be verified as true. If you decided to invest in this company’s services, you’d be making a decision based on blind faith and not evidence that what you are paying for is what you will get. So before you can think about investing in this company, it is important to read this Fast Mining review to get a glimpse of what it can be like to try this company.
Please note: we don’t recommend investing in Fast Mining. If you want to make money with Crypto currency cloud mining, these legit companies are providing the best solution for that. Having said that, we will need to analyze this site and see whether they have negative reviews and tainted past. We have already seen signs that Fast Mining is a scam.
They claim to be the leading coin mining pool. But the problem with this statement is that it is too bold to provide without having some form of proof to back it up. So we cannot verify yet that Fast Mining is offering access to the leading coin mining pool. We don’t want to believe claims like this because they can be very misleading.
Fast Mining claims to mine Bitcoin, Etherum and Litecoin. They also state on their site that they’ve teamed up with professionals in the engineering and computer fields to make this service a reality. So today they are able to provide cost effective cloud mining for cheap.
As you can see, none of these claims can be verified. We just have to trust them that they are speaking the truth. But the problem is that you should never always rely on people who make promises when it comes to the kind of returns you can earn.
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By the way, they claim that FastMining is offering above average industry returns. But again there is zero evidence that people are getting payouts from this industry, let alone above average industry returns. They also claim to have invested in modern infrastructure for mining. The company is just lying because this too cannot be verified. The locations of those mining facilities have not been exposed. Yes, they may say that due to security reasons, they are not exposing the exact location. Fine, but what about providing a live camera view of the data centers without revealing location? Is this going to work or at least give us some clue with regards to whether or not this system works as claimed on the sales page?
FastMining also has the shortest contracts around. Unlike most industry sites that have contracts running for 1 year, this site claims that contracts can only run for 4 months duration.
There is also the ”free mining plan” which they consider as their basic investment plan. The site actually markets itself as a free Crypto currency cloud mining site. The free hash power that investors should get is 30 Ghs. This is to run for a lifetime as long as the user continues to invest in the site.
One thing you should remember is that the free mining plan is quite useless because it can’t generate a substantial amount of money to withdraw and use. And even if it does, there is always a catch which will see that you are restricted from cashing out your money. After all, you are entitled to the free hash power for a lifetime because the site says so. However, when it comes to withdrawal, Fast Mining will require you to upgrade in order to access your returns. This can be a risky thing because most of the time, the site owner is just playing with you. They want you to send your funds so that they can steal them. You won’t see any money coming into your wallet after sending them funds in order to upgrade and access your returns.
There are many precautions to take. You can only mind those precautions when you see the kind of risk you will be taking when you trust the site with your money.
The first thing you have to take note of is that the site is owned and operated anonymously. This is a big red flag and a point of concern too. And secondly, their data centers existence cannot be confirmed. So we cannot be sure whether or not this site is mining coins at all.
Thirdly, there is the issue of free mining on the site. The question should be: what is the purpose for offering free mining when mining of Crypto currencies is very expensive and legit companies are in fact looking to cut costs in order to optimize the process?
The site needs to be realistic about this. There is a catch which they do not want to reveal. This is a very serious issue.
Finally, we have seen a few reviews about Fast Mining, and they don’t seem real. There are mixed opinions concerning the site. It also follows patterns similar to that of scam Crypto mining operations on the web. We cannot deny this at all because the risk is real.
Having said this, we need people to think long and hard. Don’t just go into a site because it promises free revenue with a free mining plan. This is mostly dishonest.
So here’s the deal. Go to these sites and start serious mining of coins in the cloud. These are the only legit sites we have worked with so far. As for Fast Mining, the risks are too high to ignore. Unless the site owner embraces some transparency and logic, we cannot trust them at this or any other moment.
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