Northmine is a brand new Bitcoin mining site that was launched a few days ago (as at the time of writing this review. The reason as to why the site is already gaining popularity is that various HYIP monitors have already picked it up, and it’s in our best interest to analyze it carefully and let you know whether this is something that would be safe to get involved with. Before we published this Northmine review, we engaged the creators of this site in a conversation just to see what they had to say about the new site. So what we have here are real answers.
The first question that many of you are asking is whether 11% daily returns out of Bitcoin mining is real. The other concern is whether these returns are real since NorthMine claims that contracts will be running for a lifetime. When we discovered that the site was announcing up to 11% in daily returns, we hesitated a little bit because most Crypto currency cloud mining operations simply don’t cut this mark. This is the highest return we have seen in the Bitcoin mining industry, and if Northmine can do it on a consistent basis, they’d probably be the most reliable Crypto currency cloud mining on the web today.
North Mine boasts of having implemented a number of features on their site which they believe users will love very much. For example, it is possible to fully customize the packages which are offered on the site depending on what budget an investor has. Secondly, the site claims that they are offering hustle free deposit and withdrawal operations, although we are not sure about whether they are accepting Credit card payments. Most Crypto currency cloud mining operations only support Cryptocurrency payments and any other form of payment that is synonymous with shady operations on the internet.
Thirdly, Northmine is promising their audience solid security by offering what they term as the most secure online wallet. The site has some basic security features in place and so the most basic things are covered like encryption and so on. However, we should all be aware of the fact that this is technology, and nothing is impossible with technology. While the basic security measures do offer the much needed piece of mind because they act as the first line of defense between an intruder and the resources that this site keeps, there is no 100% guarantee that this will be the case in the near future.
At the moment, users should be interested in how much hashpower they can purchase from this site and whether they can earn good returns in the long run. Like most new mining platforms on the internet today, Northmine is offering 250 GH/s of free hash power upon sign up. This is a good thing because most users simply want to test how things work before they can commit.
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For mining of Crypto currencies to take place, we need a mining facility and in fact a very efficient mining facility. But Northmine does not tell us about their data centers. They are only telling us about the total number of active hash power, running miners and total hash power told to investors. These numbers are only possible if mining facilities are present. Perhaps the site operators assumed that we didn’t need this information but that is not a really good assumption because in this day and era where Crypto currency fraud is common, users generally need more proof in order to trust a site.
Hopefully as time goes by, Northmine will consider adding some evidence to prove that they have data centers and that all returns are generated through mining of Crypto currencies.
11% per day is quit high and if you consider that you will earn this amount for a month, this will translate to 330% monthly returns, which is just too good to be true. But maybe we could give them a chance to see whether they are truly paying the alleged returns. Already the site is creating a buzz around the internet, and if things go well, we will update this review with a really positive report.
With regards to whether or not Northmine is truly paying these returns, we decided to visit the forums where active conversations have been going on for some time. Most users are not confirming with solid evidence that they were able to get returns from the site. However, majority are posting screenshots of their alleged payment proof. This is a good starting point.
Northmine is still a new site and we fear that it might behave like any other Bitcoin mining scam. For that reason, we only need to give them some time to see if strong evidence will start to crop up with regards to whether or not they are paying. At the moment, we can only use the wait and see approach.
As always, any investment is a risky venture, and miners should be ready for anything. Northmine might pay in the first few weeks and then stop paying altogether. At that point, we will know that it is a ponzi scheme. However, if that does not happen, then they might pay consistently in the long term. When that time comes, we believe this will be talk of the internet because earning 11% a day is not a joke.
We’ve seen a lot of sites claiming to mine Bitcoin and other altcoins come and go. For Northmine, there is a lot of room for improvement because we don’t believe they are a scam in its entirety. We don’t want to make rush conclusions when opinions are widely varied out there. You need to keep coming here to see whether there’s an update.. At the moment, we are recommending these Bitcoin mining platforms because we have verified them after thoroughly investigating their conduct and operations. You can’t go wrong with those Crypto currency cloud mining sites.
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