Miningwork.io Review Is Mining Work Scam or Legit Platform

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IQ Mining Review

About IQ Mining

IQ Mining service started its work in the end of 2020. It has been functioning not for a long period of time, but there is a quite good customers’ feedback describing the project nowadays. The service offers remoted equipment – so users are able to rent it and join process of Cloud Mining.

IQ Mining Bonus!

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

IQ Mining Bonus!

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

IQ Mining Promo Code

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

IQ Mining Promo Code

Summer has come to an end, it’s time to get back to work! All mining contracts are 25% off until the end of September. Prices have been already reduced, this offer works without a promo code.

If you are new to the market or had a negative experience before, names in the service will always come first. Unfortunately, when reading different reviews and getting familiar with official papers, we couldn’t find any particular names apart from two: George Versky, the engineer, and Brad, the support member.

On one hand, it is a good sign that means that IQ Mining work as a Team and don’t distinguish any participant. In this review we won’t be able to familiarize you with CEOs and founders but will surely give enough important information.

At the moment, IQ Mining has more than 50 000 active users, who rent around 860.000 MH/s of total power and have a payout of almost $5 million within two years. When mining on this platform you can get familiar with more than a hundred cryptocurrencies.

Project follows conception, including next aspects:

  • Minimization of energy consumption purchasing. IQ Mining co-works with TOP suppliers of electricity.
  • Rent of excess capacity in large data centers. That allows to make Cloud Mining 2-3 times cheaper than other services offer.
  • Data and money security. Service uses smart-contracts to protect transaction, provide payments and stabilize prices.
  • Converting Altcoins into Bitcoins searching for better prices. Though Altcoin Mining is very profitable, there are too many risks. IQ Mining solves the problem in this way by using special limiting orders which are installed on crypto-exchanges with low spreads.

According to the statistics, IQ Mining has more than 7000 miners and nearly 981000 capacities.

Users are able to know more about the service and join the process of Mining on project official page: iqmining.promo

Crypto Mining: Great Opportunity to Earn Money

Market participants or people, who at least know something about the world of cryptocurrencies, know that there are two main ways of making impressive money: mining coins or starting a new cryptocurrency. As you understand, the first option is much simpler.

If you refer to the term ‘mining’, you will probably think that the process is quite simple and doesn’t require any specific skills. All you need is to buy hardware and install software, set them up and then just relax, watching how your coins are being mined. It seems that people, who are familiar with creating viable systems, are also able to create their own mining farms.

However, everything is a bit different in reality. You not only need hardware but you also need it to be really good. Moreover, when any problems arise, you should be able to have enough experience and skills to handle all of them.

On top of it, you need to take into account regulations of your country and bills for electricity. If you sum everything up, you will see that it is impossible to mine cryptocurrencies without huge investments of time and energy.

Website Interface

Interface of IQMining online resource is very understandable and convenient. User is able to read main information about Cloud mining and know more about principles of service functionality there.

Different pages such as ‘Offers’, ‘Pricing’, ‘FAQ ‘and ‘About Us’ make the information sorted and it’s easier to find topic user is interested in.

Client can easily see the ‘Sign in’ button and join the Mining process by clicking on it and fulfilling next steps:

  • User is to input data into fields: Name and Surname, mobile number, email, choose password and agree with the rules.
  • Open Online cabinet. Client can find information about current capacity, balance and purchasing process there.
  • User should choose capacity after looking through the cabinet functionality and decide how much of it he or she is going to buy, what crypto currency to mine.
  • There is a special page where capacity may be purchased. So after paying IQ Mining will start to work on user. The system will start the process automatically and one hour latter first profit will be added to the balance.
  • Client can withdraw currency once a day without any limitation. Profit on balance will appear every hour. User can fund his or her account through MasterCard or VISA cards, BTC, ETH, LTC and other digital currencies.

How to Profit With IQ Mining?

There are different ways to get profit with help of IQ Mining service. User may choose special account during the process of registration. There are three types of profiles:

  • Provides each hour profit. Withdrawals are allowed once a week. 0.01 BTC is minimal payment.
  • Adds bonus of 10% to every payout. Provides each hour profit. Withdrawals are allowed once a day. 0.1 BTC is minimal payment.
  • Adds bonus of 20% to every payout. Provides each hour profit. Withdrawals are allowed once a day. 1 BTC is minimal payment.

Prices are quite available:

  • Service offers 300MH/s of Scrypt for 840 USD.
  • User can buy 3000GH/s of SHA-256 for 240 USD.
  • Ethereum costs 540 USD for 30000KH/s.
  • Price for 2CASH is 480 USD for 300H/s.
  • To purchase DASH user must pay 840 USD for 300 MH/s.

What Coins to Mine?

There are different digital currencies which user can chose for Cloud Mining:

  • LiteCoin, abbreviation – LTC;
  • Ethereum, abbreviation – ETH;
  • Scrypt;
  • Monero;
  • DASH;
  • Zcash, abbreviation – ZEC.

Unfortunately, Bitcoin capacities may be unavailable. If you are interested in mining of this currency, firstly check if there is a possibility to purchase capacity.

Altcoins Pool of IQ Mining

When you enter the IQ platform, you get access to instruments that help to mine a variety of coins or tokens. At the moment, IQ Mining offers around 150 Altcoins based on the selected plan.

For now, the most popular coins include Ethereum, Litecoin, Zcash, Monero and Dash. They are the most reliable and profitable coins, so are definitely a great choice for experienced miners.

When the altcoins are 100% mined, the platform assists in exchanging them on bitcoins and sending to the indicated wallet.

How the Mining Processes Look

  1. IQ Mining owns multiple data centers and a variety of mining instruments, which the company rents out and exchanges on hash power;
  2. IQ Mining power is now used for mining the most profitable coins on the market;
  3. When you have mined altcoins, you can trade them for bitcoins that will be sent to your wallet address.

All you need is to buy one of the plans and IQ Mining will do the rest for you!

IQ Mining Pricing

To choose the best option for work, you can give preference to one of the three cooperation packages, depending on your possible investments and wishes:

  • Bronze package – your basic opportunity to invest in cryptocurrency without bonuses, but at the same time without a minimum deposit. In order to start cooperation on the “bronze” conditions. To obtain it, an investment of 0.01 BC is enough.
  • The silver package is an opportunity to receive a bonus with an investment of 10% with an investment of 0.1 BC.
  • Gold package is given to those who invest from 1 Bitcoin in recalculation at a time. And the bonus, in this case, reaches 1/5 of the deposit.

If in general, depending on your investment, on our platform you can set up mining from 100 to 150 altcoins (we listed the list of available currencies above). In addition, you can choose among the most popular cryptocurrencies, including Etherium, Litecoin, Zcash and others.

Regardless of the chosen cryptocurrency, after its mining, you can automatically exchange it for Bitcoins at the exchange rate of the platform and get into the account specified during registration an already accepted version of cryptocurrency.

To reduce the risks on our platform, small smart contracts are used. In addition, we are actively using cooperation with the capacity of large data centers – they help our customers with the provision of physical resources, so you can mine without the hassle and earn three times more of your investment simply by using our platform without enhancing your own resources.

SHA – 256 (mining strategy – 10 majors)
– $0,0014 for 10 GH/s maintenance fee;
– Everyday payout;
– Price of the contract: starting with $50 for 1000 GH/s
– Historical earnings: 73% for year.

SHA – 256 PRO (mining strategy – 100 altcoins)
– $0,0014 for 10 GH/s maintenance fee;
– Everyday payout;
– Price of the contract: starting with $120 for 2400 GH/s;
– Historical earnings: 128% for year.

Ethereum Mining (mining strategy – ETH)
– Nill maintenance fee;
– Everyday payout (in ETH);
– Price of the contract: starting with $40 for 4 MH/s;
– Historical earnings: 60% for year.

You can pay using BTC, Zcash, LTC, Webmoney, PayPal, Credit and Debit cards, wire transfers, kiwi and so on.

IQ Mining Innovations

With the help of smart contracts IQMining managed to reduce costs and to protect investments, income and profits. In addition, they always use huge data centers and never rent hardware, always working on their own.

Also, time frames of delivery and consumption of power are also secured by smart contracts. As a result, you can be sure that with IQ Mining your investments will be safe and will return three times bigger compared with other cloud mining platforms.

Pros and Cons

IQ Mining has lots of advantages. Thanks to its unique features, it stands out among other similar projects.User can start Cloud Mining process purchasing only 0,01 BTC or other equivalent digital or real currency. Minimal withdrawal sum is 0,001 BTC. To get payout user should only leave an application in the Online cabinet and wait within 24 hours until the payment falls on the wallet or account. There is a possibility to win bonus of 20%. Service offers reinvestment option which allows to increase the profit client gets. There is no subscription fee and registration is free. Disadvantages are too short period of existing time and wide variation in reviews, both good and bad. Though there are articles describing IQ Mining as a Scam, no real facts of false are registered. Anyway clients should use the service at their own risk. Unfortunately, fake projects are everywhere nowadays and not only IQMining is risky.

Why to Choose Cloud Mining?

However, you shouldn’t think that everything is useless and there is always a way for those, who really want to achieve something. If you are familiar with web hostings and their work, you probably know something about cloud hosting.

Basically, instead of being attached to a certain location with physical servers, cloud hosting offers a variety of connected servers, which make up a single system without any particular location.

Now you can try and transfer this idea on mining. With the help of CPU/GPU you will be able to mine a variety of coins. Considering that cloud mining can offer additional power, when servers are connected, the chances of mining a proper block become higher and you will certainly earn more money.

This means that a cloud is a connection of several mining instruments and multiple different locations. To be brief, when you are turning to cloud mining this means that you will rent a certain space in a variety of networks that are interconnected.

We have analyzed, researched and tried out a variety of cloud miners for the past years and IQ mining remains one of the best in the field. Reviews are truly amazing, so we decided to tell users about the service, its offers and algorithms.

Bitcoin Cloud Mining

Want to find the best Bitcoin cloud mining contracts? This post has you covered.

Most Bitcoin Cloud Mining Companies are Scams

Like the heading says, most cloud mining contracts are scams. Why?

Because it’s easy for companies to take peoples’ money, and then not pay out. A company can claim to be a cloud mining company without any proof of actually owning any hardware.

So remember: 99% of cloud mining companies are scams.

Quick Tip

Mining is not the fastest way to buy bitcoins.

Which Companies Are Not Scams?

We can’t recommend any cloud mining companies at this time.

Note: If you do find one, you’ll need a wallet to receive payouts to. A secure hardware wallet like the Ledger Nano X is a good option.

Is Cloud Mining Profitable?

It depends what your goals are with cloud mining. If your goal is to obtain bitcoins, then there is really no reason to cloud mine or even mine at all.

You will get more bitcoins for your buck if you just buy bitcoins!

If you think mining is cool and want to try, then cloud mining still is not a good option. Grab a cheap USB miner and run it at home.

VPNs for Mining

As a Bitcoin miner, you may also want to look into getting a VPN.

You can never have enough security when it comes to bitcoin. Using a VPN adds an extra layer of security.

Bitcoin Cloud Mining Comparison

There is not much to compare, because we personally do not recommend buying any cloud mining contracts so we will not spend the time to compare the two companies above.

But check back in to see if we find any new, legit cloud mining companies.

Bitcoin Cloud Mining Scams History

The reason there are so many cloud mining scams is because it is very easy for anyone in the world to setup a website.

Once the website is setup it can claim that the company has a large mining facility.

The company can act legit by sending initial payments to its customers. But after that it can just keep the already received payments for hash power and then make no further payments.

In just the last few months, two cloud mining scams were uncovered: HashOcean and Bitcoin Cloud Services.

What Payment Methods do Cloud Mining Companies Accept?

Most cloud mining companies accept Bitcoin, PayPal, and credit cards. If a cloud mining company accepts bitcoins then there is a good chance it is a scam.

This is because Bitcoin payments cannot be reversed. Once the scam company receives your bitcoin payment you have no way to get your coins back.

Are there Free Cloud Mining Trials?

No company would give away free cloud mining; this is basically giving away free money.

Any company offering free trials, especially if they require payment information, is most likely a scam.

Quick Tip

Mining or buying bitcoins? You can’t do either without a Bitcoin wallet.

Our guide on the best bitcoin wallets will help you pick one. Read it here!

How does Bitcoin Cloud Mining Work?

Cloud mining means a host company owns Bitcoin mining hardware and runs it at a warehouse.

You pay the company and rent out some of the hardware. Based on the amount of hash power you rent, you will earn a share of payments from the cloud mining company for any revenue generated by the hash power you purchased.

Cloud Mining Viruses

There have been viruses that land on computers and then use the computers’ power to mine bitcoins.

Run a malware detector on your computer if you think you may have come under attack.

Is Mining Software the Same as Cloud Mining?

Mining software is something you download on your computer. It is required when you OWN mining hardware. Software connects your hardware to the internet so that it can make hashes and communicate with the network.

Just buy Bitcoins!

If you just want bitcoins, don’t bother with cloud mining. Just find an exchange in your country and buy some bitcoins.

Learn More

Best Bitcoin Mining Software

Best Bitcoin Mining Hardware

Best Bitcoin Mining Pools

Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.

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cloud mining site scam or legit please help

Тему создал/а btcjack1, Sunday at 07:18 in Mining

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