- Entry on: 2014
- Type of mining: Cloud
- Equipment market:
- Supported coins: BTC, ETH, Others
- For users: Beginners
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Cryptominingfarm is a very well known cloud mining platform, born in 2014 in Thailand has allowed users around the world to mine mainly BTC.
Why do we say “allowed”? Because since the end of 2018 the platform has had many problems, especially in payments.
The platform still offers hashrate sales contracts to mine BTC and more, it does not offer other mining services at the moment.
Honestly, we never liked this platform and we invested some money in it in 2017.
On the site and searching online there is very little information about this company, we are pretty sure that we are facing a HYIP that had presented itself as a cloud mining, not surprisingly there was never any concrete evidence of the Farm.
We increasingly think we are facing the usual HYIP that has exploited the success of cloud mining to attract investors and pay them until there are new entrants.
The interface is very intuitive, it allows you to pay only with cryptocurrency and credit cards and bank transfer are not accepted.
Payments at the moment are fairly regular but we expect that this situation may change soon, it may surprise us for a year or even longer but we must be aware that we are facing a company that is proposing contracts with unrealistic conditions at the moment.
The contracts have always been with duration up to 15 years and with fees included in the price as well as having an almost fixed difficulty, excellent until it paid but obviously unsustainable in the long run.
The platform is only paying new customers, for a short period, and has no longer paid the many customers who have invested in Cryptominingfarm in the past.
Avoid throwing money on platforms of this type, for us it is a scam even if it still pays someone. Too many people have lost the capital invested in this company.
- High ROI.
- Maintenance fees included.
- Excellent pack costs.
- Intuitive interface.
- He doesn’t pay old customers.
- They don’t offer hosted miners.
- Few information about the company.
- ROI impossible for mining.
- They only accept crypto for payments.
Cryptominingfarm is definitely one of the cloud mining platforms that has had many customers worldwide in recent years. We have always considered it a HYIP since there was little information about the company and zero information about the Farm.
In our opinion it was just a Ponzi scheme that worked until major investments came in, as soon as customers started to stop trusting the company they immediately stopped paying.
The first customers who invested in this company had considerable benefits for several years while those who came in later recovered virtually nothing of what they invested.
Avoid this company and we advise everyone not to invest in this type of company, only do so if you are aware that you are at risk of losing all the capital invested and that the risk of not getting paid is very high from day one.