Status: WAITING
(classified as Cloud-mining)

The projects seem incomplete and out of business. It is very doubtful they can deliver any orders you make.

Red-Flag Score

• Company registration: Y
• Address: Y
• People identity: Y
• Script/code: N
• Design: N
• Profit return: N
• Onsite statistic process: N
• Payment processors: N
• Video/Images of facilities: N
• Registered on HYIP Monitors: N

SCAM SCORE = 3/10

STATUS: Waiting 

Company

Bitmonkey is a company that is based in Airdrie, Alberta. The company claims to have a smart mining farm in Airdrie. Their mission is to offer a cost-effective option to mine cryptocurrencies for professionals, crypto mining enthusiasts & hobbyists. As per the company website, Doug Waters is CTO & Founder, Claude Bella is COO & Founder, and Francisco Rojas is CFO & Founder. 

Basically, they build ETH mining rigs as per specifications given by you. You can just order them and they will deliver at an address given by you or you can subscribe to their mining facility and leave it there. 

The following information is available on their website:

“Our primary focus is to offer cost effective solutions to cryptocurrency mining hobbyists and professionals. We have the conviction our enterprise can follow in the adventure of cryptocurrency.”

Mining Plans

The company Bitmonkey.ca offers mining rigs under two segments:

#1. AMD

#2. NVIDIA

#1. AMD

AMD Bronze

• Expected Ethash Hashrate: 80 MH/s
• Equipment: Radeon RX 570 (x3)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

AMD Silver

• Expected Ethash Hashrate: 160 MH/s
• Equipment: Radeon RX 570 (x6)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

AMD Gold

• Expected Ethash Hashrate: 102 MH/s
• Equipment: Radeon Vega56 (x3)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

AMD Platinum

• Expected Ethash Hashrate: 204 MH/s
• Equipment: Radeon Vega56 (x6)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

#2. NVIDIA

NVIDIA Bronze

• Expected Ethash Hashrate: 60 MH/s
• Equipment: GeForce GTX 1060 (x3)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

NVIDIA Silver

• Expected Ethash Hashrate: 120 MH/s
• Equipment: GeForce GTX 1060 (x6)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

NVIDIA Gold

• Expected Ethash Hashrate: 96 MH/s
• Equipment: GeForce GTX 1070 (x3)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

NVIDIA Platinum

• Expected Ethash Hashrate: 192 MH/s
• Equipment: GeForce GTX 1070 (x6)
• Mining Fee*: 7.50% coin / Month
• Operational Cost: CAD 0.1300 / kWh

Conclusion 

Bitmonkey claims to be a mining rig provider. They have also said that they have smart mining farms in Airdrie, AB, Canada. Yet, they did not provide any proof about it. There is no video and images that prove that they actually own a smart mining farm. They also don’t have any formal company registration per se. This is one major red flag. 

The company has provided names of their founders, who also act as C-Suite personnel of the company. They have also added their LinkedIn profiles. But none of them have mentioned anything about Bitmonkey.ca on their LinkedIn profiles. That’s strange. 

The website is also quite average at best and doesn’t stand out even though it is a custom-made website. A lot of text is missing on the site, then there are broken links to socials, one can only order by sending a contact, among many other issues. So many manual processes mean that the system is not built to handle all this stuff. This indicates that the founders are not serious about the business or don’t know how to do business.

It’s doubtful if they can deliver what they intend to. Their setup seems like a half job done. It seems that their site is dead, with no traffic whatsoever. Their domain registration happened in 2018. Yet, there are no other reviews about them on the web. It looks as if they gave up already.

During our research for Bitmonkey review, we also checked their website thoroughly. We found that their registration page also doesn’t seem to work as intended. They are directing their website visitors to the contact page instead. As they score 3/10 in our red flag rating, we put them in the waiting category. We will keep tabs on them and will change their ratings if they improve. Our rating for Bitmonkey.ca is 0.6 out of 5.0.