Today in TodoIcos we have decided to evaluate one of the most discussed aspects in the market, the investment options in Criptomonedas and not, we are not talking about the simple process of buying cryptomedas to expect these price rise in the Fiat-Crypt price relationship, we are actually referring to sites for mining bitcoin and other cryptomedas or investment platforms.
However, in the relevant research for this article, we realized that there are many “offers” in the web space that end up being simply scams, which makes real investment opportunities in crypto currencies are very scarce.
AWS MINING is a company that offers digital mining services in the cloud, offering people to invest to “acquire” Hz capacity that can be used in Mining Pool. According to the company itself, mining equipment is located in Australia, Paraguay, China and Russia, with Australia being the company’s headquarters.
As we have explained before when we refer to the mining of coins, we are talking about an intrinsic process of the cryptomedas that allow the sustainability of the market. Coin mining is also a highly volatile business since it depends on factors that go beyond the price of coins.
Specifically, AWS MINING offers a series of contracts for the purchase of power for mining or Hz. The contracts have a price ranging from 40 to 4000 dollars, payable in BTC, ETH, BCC and LTC. As promised by the owners of AWS MINING, there is a return on investment of 200% on the value invested. To ensure this ROI, they are said to choose the mining pools with the best profits in the market and to mine the most profitable currencies.
They also have different Affiliate Programs in which profits can be obtained from the recommendation of users to the platform. In the first place they have the Indication Bonus in which they earn 10% of what is invested by each user who registers under the link provided at the time of registering on the platform.
For each user registered in this manner you also get 1% of the mining power that the person acquires. Finally, they also provide a Team Bonus in which the referral obtains 10% of all monetary earnings their referrals receive from their Mining Contracts.
This is another option for cloud mining and allows investors to buy mining power for terms of 3 months, 6 months, 1 year, 3 years and 15 years. How payment methods accept BTC, ETH, USDT (Tether) and UNIT. Investors can withdraw a minimum of 0.005 BTC. Withdrawals are made on the platform within 72 hours after the request has been issued, although that time does not include the time it may take BTC’s Blockchain network to make the transaction.
As stated, this is a company legally registered in Thailand under the name of “Lifetime Technology Co., Ltd” and has been operating since 2014. In addition to the website, this company has a Mobile Billera called Unit Pay that is available only for Android. You can download it from here.
The web site discusses that this is still one of the few options left in the market that are paying for cloud mining. However, we must mention that for the team of TodoIcos is suspicious the existence of a contract for 15 years for an issue as volatile and as new as mining in the cloud.
Ethtrade is not a site where a company officially registered in Hong Kong mines and presents itself as an expert in trading the Ether cryptomone. By trading ETH/BTC and ETH/USD pairs, the developers of this company ensure that they can obtain up to 25% of monthly profit for the investor.
To provide guarantees to investors, developers explain that they use Smart Contracts from the Ethereum network. The money is not stored by Ethtrade staff but is inside the Intelligent Contract which allows the person to track their money on Ethereum’s Blockchain network.
To enter to invest a minimum of 0.05 ETH is required and the minimum that can be withdrawn is 0.01 ETH. The developers remember that the costs related to transfer commissions within the Ethereum network have to be applied to these amounts.
The club also offers a referral system where profits are made for each recommended member. However, earnings percentages vary depending on the amount of money you have invested, the more money you have, the greater the earnings.
An important point to mention about Ethtrade is that it had legal problems a few years ago and this led the Hong Kong government to issue an Ethtrade alert. The banning of this company and its original website (ethtrade.org) led to the closure of the page and the opening of the one we have today. There are still strong suspicions in the Hong Kong government about the functioning of this club and its resemblance to a Ponzi or Piramidal scheme.
Other less recommended bitcoin mining sites
In addition to the 3 options that we have presented, from TodoIcos we have analyzed other options that are also within the market as “options” of investment but that, according to what we have observed, raise many suspicions to consider them safe options. We leave you some here to share our doubts with our readers.
The first is Bit2U, a company registered as a Closed Corporation in the jurisdiction of Peru. Today they offer a cloud mining service and are offering an ICO for the future, the PeruCoin. The funds obtained from this ICO will be implemented to create a mining farm in Peru and the currency will be used within it.
Previously it was a PTC page (Pay-to-Click) that paid its users in BTC but, after a report of abuse by some users, no longer contemplate this option. This is a point that generates some uncertainty.
Also dubious are the 200% earnings that are insured within a year. If we investigate how mining has been behaving in recent months, we will realise that there is no possibility of ensuring such an excessively high percentage of profit. In addition, the site redirects a lot of money earned not to be withdrawn but reinvested in the mining of the cloud, another very notorious alarm signal.
Another option that we studied but did not give us much confidence and for which we ask caution when investing is AirBit Club. This company has the whole scheme to be a Piramidal or Ponzi scam and today it is presenting thousands of problems for people who want to withdraw their money from the platform.
In order to join this “select club” a modest sum of $1,000 is required and members are assured that they will make a 1% daily profit through mining, currency trading and other investments. The most alarming thing (among all the incongruities of the website) is that the referral system of the site distributes 50% of the investment between people who have referred people and the other 50% to the “investment ecosystem” of AirBit Club.
The options for investing in crypto currencies are really excessively unlimited, which means that this part of the market is a very sensitive issue. In case you wish to invest in any of the options presented here or in any other that you find on the website, from TodoIcos we recommend that you do an exhaustive research before giving your money. We also remind you that any investment you make is your sole responsibility.