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Cryptocurrency

Published on September 11th, 2020 | by Sara Kane

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Cash Mining Review: Should You Keep Your Hopes High?

Cash mining is a cloud-based mining platform that mines Bitcoin and other cryptocurrencies. They claim to have the best mining hardware that is integrated into a single system and operates in various countries. The mining farm is based in Asia and Europe, although they do not specify any particular country. With Cash Mining, you can allegedly earn profit in the form of bitcoin every 30 minutes. It is a one-time investment site, so once you invest in their cloud mining plans, you can carry on earning returns every 30 minutes. They do not specify what mining tools they are using, but you can supposedly make up to 0.001 BTC every day. You do not need to know anything about bitcoin mining as they claim that they will handle it with their external mining rig. All you need to do is invest in one of the plans and wait for your returns. The site also offers quite a lot of bonuses for referrals and you can supposedly double your income through a referral. While there are a lot of different cloud mining platforms that offer a consistent return, you should look at all the aspects of this site before deciding whether it’s worth investing in or not.

As far as the company’s history goes, there is not much information available. Cash mining was registered in early 2020 and has only been operational for a short while. They claim to have their hardware base in Asia and Europe, although they do not specify any country. In addition to this, they have provided registration details that show that they are registered in the UK. However, they are not regulated and are operating against the law in many countries. You can contact then via phone at : +447577921391 or you can send them an email at : Service@cash-mining.com . The site can be reached at http://cashmining.com/.

Cash Mining Review

When you see the cash mining website for the first time, you will notice that they place a lot of emphasis on their different investment plans. These are all auto-generated profits, but the difference is in the minimum investment. They do not disclose their exact strategy or where their physical mining rigs really are. You can supposedly invest in this site and expect to get constant returns every 30 min. However, the catch is that you cannot withdraw you initial investment for a certain time period, so there is no guarantee of payment. Before you decide to invest in this site, its better to check whether their strategy is actually profitable or not.

Strategy

The strategy of Cash mining is not clear. They claim to have external mining equipment that can be used to mine Bitcoins. If you invest in their site, you will get a share in the cloud mining server and you can make a consistent profit. However, Bitcoin mining is not profitable nowadays and it cannot generate the number of returns that they claim to offer. Their referral strategy is also unclear. Any referral program that offers 100% referral bonus is unsustainable and will not last for long. In short, they are not clear about exactly how their site works or how they plan to sustain it in the long run.

Analysis

  • Company: Cash Mining
  • Product: Cloud mining platform
  • Minimum investment: $20
  • Strategy: unclear
  • Mining results: Not verified
  • Customer Feedback: Negative

You may be interested in looking into other similar platforms…Coinsource InvestmentBitcoin Fast ProfitInvExpert, and Crypto Omega.

Trading Results

When it comes to actual performance, then there is a lot of ambiguity surrounding the Cash Mining website. They do not provide actual mining results as proof of their operations, but they do provide a list of payment proofs. However, these have not been verified either. They do not even provide any banking information that one can use to verify whether these payments actually took place. As you will see, the customers who have used this site give a different story.

Client Feedback

The customer feedback on Cash Mining seems to be primarily negative. Even though it is a relatively new website, they are already facing complaints from customers who claim that they have not received any actual payment, whether it be their original amount invested or any profit over that. There is no explanation for this as cloud mining does not carry any risk like with trading, so there should be no losses. This shows that this site is not actually what they advertise. According to some customers, “they return nothing”.

Conclusion

Cloud mining has becomes quite popular due to the low risks associated with it. However, companies like Cash Mining are not really providing any cloud mining services. They are not registered, do not provide an accurate description of their strategy and have extremely poor customer feedback. If you want to keep you hard earned money safe, then you should avoid investing in this site.

If you have had any experience with this company, we would love to hear from you. So, share with us in the comments section below.

Cash Mining

$20 (minimum investment)

1.9

Price


4.0/10

Strategy


2.0/10

Trading Results


1.5/10

Client Feedback


1.0/10

Customer Support


1.0/10

Pros

  • They promise a profit every 30 minutes!
  • They welcome newbies
  • They are also offering several bonuses for referrals

Cons

  • There's no specification of mining tools they would use
  • There is limited background information about this company
  • They seem to be unregulated
  • Their trading results are quite questionnable


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