publish2018-03-11 3:23 pm

Risk Warning: Your capital may be at risk

backBack to the list of Articles

What Is Cryptomining.farm and How It Works

Cryptomining.farm is a pyramid scheme that can be found online. It offers one of the biggest pyramid-based commission structures that we have ever seen. You can earn up to 20 levels of commissions by referring other people to join this network.

Just like many other bitcoin scams that are working on the internet today, it has also based its scheme around cryptocurrency mining. This has been a famous target for the MLM industry because cryptocurrency mining is a little confusing thing to start with. However, the legitimate miners are also confused about their operations. Only few people fully understand the technology of bitcoin or blockchain.

CryptoMining Farm homepage

This network is offering 3 month, 6 month, 1 year, 3 year and 15 years contracts for mining. However, you can also purchase a lifetime contract.

The company guarantees profits and it also claims that it’s been paying its customers since 2014. One more thing is that the company also guarantees that it will never increase the mining operation difficulty. However, the fact is that the difficulty can only be chosen by the bitcoin network itself and not by the company.

Obviously, we already have seen a few red flags about Cryptomining.farm. So, let’s take a closer look at how the platform is claiming to make money for you.

How Does CryptoMiningFarm Work?

This platform clearly describes the fact that there is no authentic cryptocurrency being mined in its process. The website of this company clearly mentions “GHS” as a unit for measurement. It is clear on the FAQs page, the company answers the question, “What is GHS on Cryptomining.farm?” and they answer the questions with the following:

“GHS is a virtual mining hashrate and we don’t own any real bitcoin ASIC hardware.”

In other words, this network is mining its own private blockchain that got nothing to do with the bitcoin network. The tokens that are used on this platform are genuine blockchain-based tokens that can be mined but they have no fundamental value outside of the platform.

Ultimately all of these make this platform a pyramid scheme that is based on a blockchain and that the blockchain may or may not even exist. You can buy into the company and the company devotes “hashrate” towards the blockchain and you can earn profits. Actually, just like most of pyramid schemes, the ideal way to earn money with Cryptominig.farm is to get new members into the scheme and you can earn commission from up to 20 levels of affiliates.

Cyptomining.farm Features

Here are few features that are advertised by the company:

  • Free 50 GHS whereas GHS is a measurement of the mining farm’s virtual hashrate and it has nothing to do with hashrates on the bitcoin network.
  • Investment bonus
  • The difficulty will never increase
  • There are no maintenance fees
  • 15% affiliate bonuses
  • This company claims to be based in Chiang Mai, Thailand. This operations is offered by a company named as Lifetime Technology.
  • The only information that we have gathered online comes from its Facebook page. The official page of the company lists a phone number and an address in Chiang Mai. The page also claims that the company was founded back in November 2008. However, the blockchain mining operation started in 2014.
  • The Facebook page shows the official website of company at lifetime-technology.com/. The websites shows the core products of the company, including ICT solutions, telecommunication infrastructure, and data centers.

Review

It is a new cloud mining company as well as an investment chance that is offering to give people a way to make use of high quality cryptocurrency mining with guaranteed profits.

It is an important aspect for investing in such kind of digital currency. Mining is a process by which all transactions of currency sales can be monitored and verified. However, it is also a method by which any new or available currency can be created and distributed.

The major problem for majority of people is that mining needs very specific hardware or software and particular kinds of important algorithms which not everyone wants to deal with even if they are having an interest in making this of investment.

This is a place where Cryptomining.farm comes in. This platform offers the customers a “no Difficult increase” 15 years mining contract. It means that they are offering their customers a guaranteed profit of 0.9USD/1000GHS per day, and it increases 5% for 15 years.

The company claims that they are offering customers with the guarantee because they backup by 25% of the profit from Photovoltaic power station project and 25% of profit from the Telecommunication.

Cost/Price Plans

The company actually does not give enough information to their customers about minimums or maximums for both deposits and withdrawals. So, customers will actually need to be willing to sign up for this program before receiving a complete set of guidelines and instructions.

However, the company doesn’t publish a legal Terms & Conditions on the website and the only information offered to their customers about refunds is to say that all service purchases are final and they need full payment. However, the customers need to be extremely careful before purchasing any services here or making any investments because there is no way to get a refund. In addition, the website of this platform provides no information on minimum or maximum withdrawals and customers don’t have an exact idea about when they will be able to withdraw the money or how much they will be able to withdraw.

Customers who are looking to contact the Customer Service team regarding their questions, complaints, or concerns can do so by contacting them through email at Support@Cryptomining.farm.

CryptoMining Farm buy hashrate

Reputation

This platform has nearly no online reviews at all, but it is possible to make independent assessments of this company and their claims. First of all, this website provides almost no information about their services, security, capability or any other area of information that should be very important for any investor.

Secondly, one of the only pieces of information offered by the company to their investors is that their profits are guaranteed. There are two issues regarding this claim, first of all is that if a product or service offers a guarantee, they have to offer you some kind of a bonus or incentive if the will fail to comply their guarantee. Cryptominig.farm doesn’t even attempt to do this. They just have stated their guarantee and then move on. However, the second issue is an investment opportunity that claims to have guaranteed profits is nearly a scam. There are chances that you can lose your money on an honest and fair investment.

An investment opportunity that only offers grand and clear promises of profits and no other information is nearly always a chance that you should avoid at all costs.

Competitors and Alternatives?

Everyone knows that cryptocurrency has grown in its popularity all over the world and the need for cloud mining programs has also grown. However, the customers should be able to find an ideal alternative for their needs as long as they look into the companies that are famous when it comes to cryptocurrency.

There are various companies that are working online and offering their services to millions of users.

Pricing

Cryptomining.farm is a platform that makes Bitcoin possession a possibility for individuals who don’t have any idea about Bitcoin mining. Every person who is looking to work on cryptomining is to contribute some cash to prepare the group of diggers and gain profits. With this alternative, there no convincing reasons to buy the required tools and programming or even take in the calculations for the mining firms.

Cryptomining.farm is a type of site that is ideal for students and stay at home mums. It makes it easy for the individuals who want to earn money while staying at home. Beginning up is also simple as it needs providing only a couple of snippets of data and a small start-up capital.

CryptoMining Farm hashrate

The first step to take in consideration these immense advantages is to join this website. You just need an email address and after that you will have to buy an extra 20 GHS to add to the free 50 GHS that was given to you while joining. Getting this additional 20GHS is essential for you to pick up from the free 50 GHS. However, the more extra units you buy, the more remarkable your odds of winning more benefits. There is a help area on the website to help you with the procedures and answer some other queries you may have.

Contracts Period

Cryptomining.farm offers all of the following plans available, but the prices are not listed here. This platform is offering various contracts period for the customers:

  • 3 Months
  • 6 Months
  • 1 Year
  • 3 Years
  • 15 Years
  • Lifetime

It depends on how much you are spending on the platform. The longer your mining contract will last, you will get access to more “GHS”.

The main benefit of this platform is that it offers a huge amount of profit for individuals for as long as 15 years. However, they are also offering an expansion of 5% that is done frequently for a long time.

Imagine getting 0.9 USD everyday with the help of only 1000GHS. Once you are agree to terms of the platform, you are given a free amount of 50 GHS. The purpose of giving out this free mining ability is to make individuals understand that the business is real and it is ready to convey much more that what was guaranteed by the site. From what Cryptomining has on ground, the media transmission and photovoltaic power ventures where they get no less than 25% profit, it is feasible that they can satisfy their guarantees.

You are also eligible for more profits by referring the program to your companies. In case your friend buys the vicinity of 10 and 1000 GHS, you will also get 15% of what they will buy. The all the more rewards come when your friends buys more than 1000 GHS while registering on the platform with your referral.

Buying mining power on this platform comes with different alternatives as you can do it with UNITCOIN or bitcoins. Both of these payment options suit global customers and they can be handled on the internet without the need of a middleman.

Contracts

Cryptominig.farm is a platform that is paying to its customers since 2014 and this platform is offering various short term and long term contracts. You can earn profit daily with guaranteed profit.

This site is offering various contracts for the users:

  • 3 Months
  • 6 Months
  • 1 Year
  • 3 Years
  • 15 Years
  • Lifetime

However, this platform is also offering other benefits for its customers like free 50 GHS for lifetime, investment bonus, no difficulty increase and stable service.

Deposit

Cryptomining.farm is offering various mining contracts that are ranging from 3 months to 15 years for the investors. This platform is working since 2014, this platform is rated 100% on the online trust site. This platform promises great prospect with the creation of a Solar Farm and Photovoltaic power plant in Thailand. It is a major project and guarantees a profit of $0.9 per day on 1000GHs for a contract period of 15 years.

You will have the choice between BTC mining or USDT (tether) <1USDT = 1USD>. However, the interference is every to use with the bonus of 50 GHs free registration but the withdrawal will be possible with a minimum of 20 GHS buy. The terms and conditions of this platform are very clear and simple. They have stated it on the site clearly that there will be no refund offered by the company but the profit is guaranteed by the website. This site pays all day but with a minimum withdrawal of 0.01 BTC or 10 USDT and this entire process is manual.

Withdrawal

Cryptomining.farm was launched back in 2014 and it is a leading cloud mining platform that will enable you to easily earn cryptocurrency without buying and setting up special hardware. You will have to invest some money with the seasoned team of miners to gain profits. However, you can buy the hashrate power for one month, three months, six months, one year, three years, and fifteen years. The platform is offering 50 GHS hashpower for every new user. However, in order to withdraw you will have to deposit some cash first. As the site clearly states, you can earn almost 0.9 USD per day. There is also a demo mining account which will expire in 30 days after signing up. So it is a great starting point.

However, the cryptomining.farm offers the following:

  • Cryptocurrency: BTC (Bitcoin), USDT (Tether)
  • Different plans to choose from
  • Various payment options are possible. The minimal withdrawal limit is 0.01 BTC
  • No difficulty increase
  • No maintenance fees
  • A good referral system
  • The service supports four different languages and you can easily choose a language that you can understand.

Payout

It is a bitcoin mining company and a chance of investing that is offering people a way to use high quality cryptocurrency mining with guaranteed profits. It will give investors a chance to get 130% ROI within 3 months.

It is a website that makes Bitcoin ownership a possibility for people who don’t have any idea about Bitcoin mining. All a person really needs to do on this platform is to invest some money with the seasoned team of miners and generate profits. With the help of this option, there is no need to buy the essential hardware and software or even learn the algorithms for the process of mining. This website helps to ease the burden even as you keep gathering huge profits.

It is a kind of site for students and stay at home mums. It makes it possible for people who want to earn some money while sitting at the comfort of home. Starting up with this platform isn’t difficult at all as you will need a little investment to start working and generating profits.

The unique benefit of this platform is that it keeps rewarding its customers for up to 15 years. There is no need to get some extra knowledge before you can actually start mining on this website. All you really need to do is to invest a little money before getting a payout. This site will be helpful for you to generate some major profits with the help of referral programs. You can invite your friends to join this platform and generate profits on the other hand.

You can start earning 0.9 USD everyday with the help of just 1000 GHS. Once you have successfully signed up for a new account, you will get a free amount of 50 GHS. The purpose of giving out this free mining power is to make people understand that the business is genuine and it is able to deliver even more than what was promised. You can trust this site on the basis of the photovoltaic power and the telecommunication projects where they get at least 25% of profit from each. It is possible to trust that site that they will fulfill their promises. You are also eligible to get profits with the help of referral programs offered by the platform. Once your friend will buy between 10 and 1000 GHS, you will get 15% of what they will purchase on the site.

Login

Cryptominig.farm is online mining platform that will allow you to generate profits which is dependent on the hash power you have. It is really easy to sign up on this website. You will only need to have a registered email address to join this platform. However, this platform is secure as you will need 2FA method to login on the platform. You will just need an email address while signing up for this platform and once you are done with the registration, you will easily login to the website with the help of credentials that you have provided while signing up. Earning on this site is simple with the help of referral program offered by this site. You can invite your friends to join this platform and earn 15% of what your referrals will deposit to the website.

CryptoMining Farm sign up

Hashrate

A Hash is a mathematical problem that the miner’s computer will need to solve. The Hash Rate is the rate at which these problems can be solved. The more miners that will join the Bitcoin network, the higher the Hash Rate will be. The Hash Rate can also refer to the performance of a miner. Nowadays, Bitcoin miners that are the powerful computers that are designed for mining come with different Hash Rates. However, the performance of miners can be measured in MHS known as “Mega Hash Per Second”, GHS known as “Giga Hash Per Second”, THS known as “Terra Hash Per Second” and also in PHS known as “Peta Hash Per Second”.

Each time a mathematical problem is solved, a constant number of Bitcoins are generated. However, the number of Bitcoins that are generated per block starts at 50 and is halved every 210,000 block which is about four years. The current number of Bitcoins that are awarded per block is 12.5. The last block halving occurred on July 2016 and the next one will occur in 2020.

Since the Bitcoin network is specifically designed to generate a constant amount of Bitcoins every 10 minutes, the difficulty of solving the mathematical problems has to increase in order to amend the Hash Rate Increase of the network. Basically, this means that the more miners that will join the network, the harder it will get to actually mine Bitcoins.

Operating a Bitcoin miner uses a lot of electricity. In order to calculate the profitability, you will need to find out your electricity rate. Usually, this can be found on your monthly electricity bill.

Each miner consumes a different amount of energy. However, you will need to find the exact power usage of your miner before calculation the profitability. It is really easy to find it with a quick search on the Internet. Power consumption can be measured in Watts. You will need to join a mining pool in order to mine. A mining pool is a group of miners that join together in order the mine more efficiently. The platform that brings them at a place is known as a mining pool and it deducts a little amount of fee in order to maintain its operations. Once a pool handles to mine Bitcoins, the profit will be divided among the pool members. It is dependent on how much work each miner has done which is known as the miner’s hash rate.

You will have to define a time frame while calculating if a Bitcoin mining is profitable or not. However, earning the bitcoins is dependent upon how much time you mine. Profitability decline per year is possibly the most important and intangible variable of them all. The idea is that no one can really calculate the rate of miners joining the network and no one can predict that how much hard it will be to mine within 6 weeks, 6 months or 6 years from now. This is one of the two reasons that no one will ever be able to answer you once and for all that if a Bitcoin mining is profitable or not? The second reason is the conversion rate of a Bitcoin.

No one knows what the BTC/USD exchange rate will be in the near future and it is really hard to predict if Bitcoin mining will be profitable. If you are working into Bitcoin mining in order accumulate Bitcoins only then this will not bother you. However, if you are looking forward to convert these Bitcoins in the near future to any other currency then this factor will have a major effect of course.

Cloud Mining

Cryptomining.farm is a pyramid scheme that be found online on this site. This scheme offers one of the largest pyramid-based commission structures that you have ever seen. However, you can earn commission for up to 20 levels by referring this platform to other people in your network.

Cloud mining takes the concept of mining further and offers miners the ability to rent mining hardware from different data centers. Nowadays, these solutions are extremely common when it comes to the cryptocurrency mining ecosystem. However, they are typically provided by platforms that are located in regions that are having low cost of electricity to make them optionally feasible, such as China.

However, it can be difficult to identify a good investment when it comes to choosing a cloud mining platform. There are many scam platforms that claim to offer cloud mining services but in return they only offer Ponzi schemes, high yield investment programs or a simple fraud.

Cryptomining.farm is relatively a long-term player when it comes to the cloud mining environment of cryptocurrency and it has been offering a large range of cloud mining services since 2014. When it comes to choosing a platform for cloud mining, you will need to go for this platform as it is ideal for those who are looking for a simple and straightforward platform for cloud mining. The contracts offered by this platform are also ideal to start mining with it.

App

It doesn’t really matter if you are an Android user or Iphone user because you will easily find the Cryptomining farm application in the Play Store of your Android phone or App Store of your Iphone. You can make use of the credentials that you have provided on the website to login on this application for your phone. You can easily make use of this app to start mining with the help of your phone.

Coins That Can Be Mine

Cryptomining.farm is an online platform for mining and it supports various coins that are as follows:

  • Bitcoin
  • Moero
  • Fantomcoin
  • Quazarcoin
  • DigitalNote
  • MonetaVerde
  • Dashcoin
  • Aeon
  • Infinium-8
  • ZCash
  • Bitcoin Gold
  • Ethereum
  • Ethereum Classic
  • Litecoin

However, this platform offers no difficulty increase and no maintenance fee will be charged by this platform. However, automine system always mines the most profitable coin.

Bitcoin Mining

Bitcoin mining is possibly similar to a giant lottery in which you can compete with your mining hardware with everyone else on the network to earn bitcoins. A fast Bitcoin mining hardware is capable to attempt more tries every second to win this lottery while the Bitcoin network automatically adjusts itself after every two week to keep the rate of finding a winning block hash to every 10 minutes. If we consider the big picture, Bitcoin mining secures the transactions that are recorded on the public ledger of Bitcoin, the block chain.

Earnings

It is a bitcoin mining company as well as an opportunity for investing that is offering people a way to use high quality cryptocurrency mining with guaranteed profits. It will give investors a chance to get 130% ROI within 3 months.

It is a website that makes Bitcoin ownership a possibility for people who don’t have any idea about Bitcoin mining. All a person really needs to do on this platform is to invest some money with the seasoned team of miners and generate profits. With the help of this option, there is no need to buy the essential hardware and software or even learn the algorithms for the process of mining. This website helps to ease the burden even as you keep gathering huge profits.

You will have the choice between BTC mining or USDT (tether) <1USDT = 1USD>. However, the interference is every to use with the bonus of 50 GHs free registration but the withdrawal will be possible with a minimum of 20 GHS buy. The terms and conditions of this platform are very clear and simple. They have stated it on the site clearly that there will be no refund offered by the company but the profit is guaranteed by the website. This site pays all day but with a minimum withdrawal of 0.01 BTC or 10 USDT and this entire process is manual.

Fees

When it comes to fees regarding the Cryptomining.farm platform, there is no need to worry about paying the maintenance fees on this platform. This site is open about the fact that none of the cryptocurrency can be mined on this platform. You won’t have to pay any maintenance fees to the site but you can earn with the help of referral programs offered by the website as well as you can also generate profits like 0.9 USD per day with the help of 1000 GHS.

The website of this company clearly mentions “GHS” as a unit for measurement. It is clear on the FAQs page, the company answers the question, “What is GHS on Cryptomining.farm?” and they answer the questions with the following:

“GHS is a virtual mining hashrate and we don’t own any real bitcoin ASIC hardware.”

In other words, this network is mining its own private blockchain that got nothing to do with the bitcoin network. The tokens that are used on this platform are genuine blockchain-based tokens that can be mined but they have no fundamental value outside of the platform.

Ultimately all of these make this platform a pyramid scheme that is based on a blockchain and that the blockchain may or may not even exist. You can buy into the company and the company devotes “hashrate” towards the blockchain and you can earn profits. Actually, just like most of pyramid schemes, the ideal way to earn money with Cryptominig.farm is to get new members into the scheme and you can earn commission from up to 20 levels of affiliates.

What People Say On Reddit?

There are various reviews provided by different users on Reddit. Some of the users say that it is fake platform while others are happy with the services offered by this platform. According to the rating provided by different users it is clear that the site is paying to all the users and withdrawals offered by this platform are legitimate and people are generating 0.9 USD per day.
This platform has more than 600,000+ users and almost 80% people are satisfied and happy with the services that are offered by this platform. So, it is clear that if you are looking forward to investing in this platform then you have a green signal to move forward with your investment.

One thing that we are clear about after reading all these reviews is that people are getting attracted to this platform more and more and no one is reporting issues regarding the withdrawals. However, this site is offering referral programs for the users to earn more and more GHS with the help of referral program. We can’t deny the fact the many users have reported red flags regarding this platform and on the other hand many people are happy with the payouts offered by this platform. All in all, this is a legit platform to start earning GHS and once you have earned 1000 GHS, you will be able to generate 0.9 USD every day.

Is It Safe?

We have read different websites and blogs to investigate about the safety of this platform and we have discovered a large number of complaints and red flags regarding this platform. However, a large number of complaints are controversial at best, you can also find some questionable investor feedback regarding this platform or by simply entering “Crypto Mining Farm Scam” into any search engine online.

“None of the crypto mining is good but it is a total scam”.

It is a scam not only because what is offered by this platform is outrageous and not in any way linked with Bitcoin mining, but also all the information provided on the website like the comodo certificate that is on the bottom right is a plain png image. This platform claims to be linked with the Lifetime Technology Thailand Co. Ltd exists, but it is not linked to Bitcoin or cryptocurrency in any form or shape.

Is It Legal?

Cryptomining.farm has given us no information or guideline to give a clue it it’s a legitimate bitcoin mining operation. However, the FAQs page of this website seems to admit that there is no real bitcoin mining taking place on this platform. However, the company privately mines its own private blockchain. It means that you are buying into a private blockchain based token that has no value outside of this platform. In spite of the fact, the company lists your “Profit Calculator” profits in bitcoin and making you think that you make a large amount of money from your monthly or yearly mining contracts.

Eventually, the world of cloud mining is filled with scams and frauds. Cryptomining.farm seems to be honest about the fact that it is a pyramid scheme, and that they are not mining real bitcoin. However, this platform seems to be a complete scam and it is not legitimate investment opportunity.

Is It Scam?

Cryptomining.farm is a platform that is offering very appealing cloud mining option for those who are looking to contribute in the rise of cryptocurrencies. This site offers up to 130% ROI within three months and offers no difficulty increase. If you invite your friends to join this network and they buy between 10 and 1000 GHS, you will get 15% of what they have purchased on the platform which is indeed a high commission rate for the referrals. However, this platform does not provide direct bitcoin payouts and you can only buy virtual mining facility on the site. A number of users are already complanining about the missing payout and you need to be careful before signing up to the services of Cryptomining.farm even if the offers on this platform are very promising.

All in all, the platform itself clears the fact that there is no mining offered by the website but you can hire a virtual mining facility. It is a pyramid scheme that will help you to earn more and more GHS with the help of referral programs offered by the platform.

Relates Brokers...

publish2018-04-23 11:50 am

LocalBitcoins Review

Localbitcoins is fundamentally a peer-to-peer marketplace. The site gives a forum where BTC purchasers and dealers meet to lead to offer or purchase bitcoin. Localbitcoins is situated in Helsinki, Finland. The site started activities in June 2012.

Read more...

publish2018-03-26 12:07 pm

AirBitz Wallet Review

The Airbitz Wallet is a decentralized bitcoin wallet which enables the users to store their bitcoins and perform transactions by making use of bitcoins. The Airbitz wallet offers the BLE (Bluetooth Low Energy) for transactions in bitcoins and the one touch 2 factor authentication methods. However, it is the first wallet to perform bitcoin transaction in Cuba.

Read more...

publish2018-03-24 12:37 pm

Enjin Wallet Review

Enjin Wallet is a high quality and high security based wallet which is available on IOS and Android mobile for Ethereum based token, Litecoin, Bitcoin and Enjin Coins. It is basically designed for coin ERC-20 based cryptocurrencies.

Read more...

1 User Reviews

  1. At the moment it is the only reliable and paying cloud mining for over 3 years with a fixed daily yield based on the power purchased. I withdraw every week in USDT for over three months and the payments have always been impeccable.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Economic Calendar

Powered by Myfxbook.com

The information contained in this website is for general information purposes only. This information is not an alternative to investment advice. Financial instrument and investment options are highly complex instruments, any potential client needs to study and fully understand the risk and financial implication before he engages or stars using any of those. We encourage searching for private and expert financial advice and getting sufficient knowledge before you start trading and every time you consider any financial instrument. Statrader.com is not licensed nor authorized to provide investment advice or investment services. Statrader.com does not promote, advice, or make any personal recommendation to clients to trade binary options nor to hire or work with any binary trade broker. This website is independent of binary broker featured on it. Before any client star trading or use any broker service, he must do his own investigation about broker legal license, registration and government authorization to ensure his suitability, and client must completely understand all the risks involve with any financial instrument and/or trading options or opportunities before he even considers start trading. The information is provided by Statrader.com, we make no representations of warranties of any kind, express or implied about the accuracy, reliability, suitability with respect to the website. Any reliance you place on such information is therefore strictly at your own risk. This Statrader.com has financial has financial relationships with some of the product you see on this website. Strader.com may be compensated every time a potential client click any of those links and/or open an account of hiring any of the services offered by third parties. Binary options trading entail a high risk for all potential clients to lose all of their invested money.

Copyright © 2017 · statader.com

Recommended Crypto Exchange for Beginners
buy btc with credit card
Popup