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Miner Farm claims that it is a cloud mining system for Bitcoins. However, their operational procedures are quite different from the usual cloud mining operations which we all know about. There are currently mixed opinions regarding this mining operation since it is a very controversial site so to speak. In order to find out whether or not Minerfarm is a scam or legit site, you have to read this review to the end.
The site invites us to experience Bitcoin mining and even withdraw the coins earned into our wallets. To maximize earnings, it appears that Minerfarm has decided to put the ball in the courts of people who undertake mining operations in their hands. It appears that mining is something that has been delegated to the user so that clients have some control over the process since the site insinuates that people have the ability to increase or decrease their capacities depending on factors which they can influence themselves.
The Bitcoins generated from Minerfarm can either be used to increase productivity or purchase new miners. The Bitcoins can also be withdrawn at any time of the day or not. These are statements that the site is making. With regards to how true they are, we can say that nothing is certain concerning most of these Crypto currency cloud mining operations. In addition to this, the site refutes claims that it is a ponzi scheme by claiming that it provides valid Crypto currency cloud mining opportunity. With regards to whether people really earn money with this site, we can say that nobody has ever presented evidence that they indeed earned from Minerfarm.
To know more about the details on the site and whether or not it is a good opportunity for you, keep reading.
The site offers free registration and claims to welcome all new members with 100GH/s of free hash power. This is something that is very common in the industry. Most Crypto currency cloud mining operations that claim to be engaging in legit Crypto currency mining are now giving away at least 100GH/s of free hash power. But it is never clear whether this free hash power can generate enough returns for withdrawals. Most of them also prompt their users later to upgrade plans in order to be able to cash out their earned Bitcoins from the free hash power bonus.
The site where Miner Farm is hosted at has a clean design where clutter is eliminated and user experience put on the fore-fronted of every other design element. They even have a support center which appears to be well designed too. From the support center page, one can open a support ticket or view an existing one as well. This is something that many Crypto currency cloud mining operations don’t have. Most dubious operations just want to operate anonymously by making it impossible for internet users to contact them.
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With regards to response time, this is something that we cannot talk about because we do not know how long the site admin typical takes to respond to emails. In addition to that, we do not know whether they even respond at all. So whereas this can be a good feature to integrate into a cloud mining website, it does not mean that Minerfarm is a legit cloud mining operation based on the existence of a support ticket page.
To mine Crypto currencies affordably and within a reasonable budget, this site should endeavor to invest in equipment and maintain them as well. This is in addition to meeting the cost of electricity and other logistics which ensure smooth running of the mining processes.
Now, the way it works is that when you sign up, you will be rewarded with a free 100 Gh/s of hash power. This is a starter pack which does not seem to be enough. So you will automatically be prompted to purchase additional hash power so as to make reasonable amounts of money.
This means purchasing miners and devices. The site has a shopping section from where miners can be purchased either from the site or players involved in the operation.In addition to incurring the cost of purchasing miners, Miner Farm wants you to purchase coolers as well. These devices keep temperatures low so that your miners can operate optimally. In addition to this, maintenance cost is on you and not the company in question.
There seems to be many costs along the way. The site does not look viable at all even if there was proof that it is legit.
Customers have also claimed that the site charges a fee for deposits and withdrawals. This is a little bit weird because most legit Crypto currency cloud mining operations don’t have withdrawal fees. They may have deposit fees but no withdrawal fees ever. The fact that Minerfarm lets you handle the entire process means that it cannot be a good fit for everyone who wants to generate some Bitcoins.
There is no straight forward answer to this question given that most similar opportunities are scams. They will either force you to download a malicious software on your PC in order to ”start mining Bitcoin with them” or rob you outright by not giving you the hash power which you purchased.
This happens because the scammers don’t own any data centers anywhere. So the best they can do is to take your money and disappear. Others claim to operate like Miner Farm but are ponzi schemes.
We have checked a few user reviews on Minerfarm and discovered that there are varied opinions concerning their operations. Those who claim the site is paying have been unable to prove their claims with verified income sources – that is, they can’t prove that they were paid by Miner farm.
If you want to be safe, you must avoid any controversial cloud mining operation. Only stick with our recommended Crypto currency cloud mining services.
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