Summary
User management: Web
Company transparency/support: Not Legit
Payment options: BTC
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): 0.03 USD
Contract price per Th/year (btc): 0.0104347824 BTC / TH/s / Year
Earning return: 767% on Yearly Basis
User Review
( votes)Status: SCAM
pros
- Free 500 GH/s
- Multiple mining plans available
cons
- Almost no ownership information available in public
- No online calculator available
- Payments can only be made in Bitcoins
- Only offers Bitcoin mining
- No information about commissions offered under their affiliate program
Company:
The China-based company known as Bit Mine Farm is behind Bitmine.farm website. They claim to be a private company that is formed by passionate Bitcoin mining specialists and they know how to use physical hardware miners efficiently.
Product:
Bitmine.farm is one of the most poorly designed websites in the cloud mining space. They require you to register on their website to even provide some basic details about their plans like what payment methods do they allow while accepting payments from their customers. The website loading speed needs some work too as it takes a pretty long time to load compared to its peer cloud mining companies.
They are a cloud mining company and currently only offer Bitcoin mining. They have categorized their plans as per the mining equipment that they use for mining bitcoins.
#1. Antminer S9K
Their initial plan offers 11.5 TH/s (shared) and its plan duration 30 days. It is priced at 0.001 BTC. The plan mentions that a user can mine around 0.00003833 BTC per day if they opt for this plan. Bitmine Farm’s second plan offers 60 TH/s (private) and the plan duration is 30 days. It is priced at 0.005 BTC and the plan advertises that a user can mine 0.00020833 BTC per day under the second plan. Both the first and second plan offers Antminer S9K for mining bitcoins.
#2. Antminer T17
Next two mining plans use Antminer T17 for mining bitcoins. The first of these mining plans offer 125 TH/s (shared) and its plan duration is 30 days. It is priced at 0.01 BTC. The plan mentions that a user can mine around 0.00045 BTC per day if they opt for this plan. The second plan offers 630 TH/s (private) and the plan duration is 30 days. It is priced at 0.05 BTC and the plan advertises that a user can mine 0.0025 BTC per day under the second plan.
#3. Antminer S17 Pro
This plan offers 1270 TH/s (shared) and its plan duration is 30 days. It is priced at 0.1 BTC. The plan mentions that a user can mine around 0.00566667 BTC per day if they opt for this plan. The second plan offers 6350 TH/s (private) and the plan duration is 30 days. It is priced at 0.5 BTC and the plan advertises that a user can mine 0.03166667 BTC per day under the second plan.
#4. Antminer S17 E-Series
This plan offers 13800 TH/s (private) and its plan duration is 30 days. It is priced at 1 BTC. The plan mentions that a user can mine around 0.07166667 BTC per day if they opt for this plan.
#5. Antminer S17 Pro+
This plan offers 28000 TH/s (private) and its plan duration is 30 days. It is priced at 2 BTC. The plan mentions that a user can mine around 0.16333333 BTC per day if they opt for this plan.
Conclusion
There is very limited information about the company in public domain. The company has also not disclosed any information about them on their website or through press releases. Their promise of returns also seem to good to be true. Bitmine Farm has also been rated very poorly on Trustpilot.
There are way too many red flags about them and thus, there’s no doubt that Bitmine Farm is a scam. We suggest staying away from them.
