Summary
User management: Web
Company transparency/support: Not Legit
Payment options: BTC/ BCH / DASH / LTC
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): 0.04 BTC ($363.36) per 1 TH /s per year
Contract price per Th/year (btc): $19.69 USD per TH/s for 1-year
Earning return: 164.25% on Yearly Basis
User Review
( votes)Status: SCAM
pros
- Offers multiple cryptocurrencies for mining
- Referral commission available (2.5% – 10%)
cons
- Company details hidden
- No images & videos about their data centers
Company:
There’s not much information about the company. They have also not written anything about them in the “About Us” section of their website. The only available information is that they are based in Norway.
They have mentioned in their website that they will only provide information about the company registration if a user specifically requests it from them. That’s fishy as they should have provided it upfront.
The company mentions their address on the website but that’s most likely some random address just as fake and scammy as their phony website.
Address: 125, Myrsaetervegen 9, NORWAY – 3522
Product:
Cryptonoras’ website seems like a copy-paste version of many other scammy looking cloud mining companies. It is good but there’s nothing impressive about it.
The company offers multiple cryptocurrencies for mining and these are BTC, BCH, DASH, and LTC. They have categorized their plans into four types: Beginner, Intermediate, Advanced, and Superior.
#1. Beginner Plan
Cryptonoras’ beginner plan is priced at 0.01 BTC / BCH. The plan validity is 365 days and offers a computed power hash rate of 0.25 TH/s. The daily fixed return is 0.45%, fixed annual return is 0.0164 BTC / BCH, fixed annual profit is 0.0064 BTC / BCH.
#2. Intermediate Plan
The intermediate plan is priced at 0.1 BTC / BCH / DASH / LTC. The plan validity is 365 days and offers a computed power hash rate of 2.5 TH/s. The daily fixed return is 0.45%, fixed annual return is 0.1642 BTC / BCH / DASH / LTC, fixed annual profit is 0.0642 BTC / BCH / DASH / LTC.
#3. Advanced Plan
The advanced plan is priced at 1 BTC / BCH. The plan validity is 365 days and offers a computed power hash rate of 25 TH/s. The daily fixed return is 0.45%, fixed annual return is 1.642 BTC / BCH / DASH / LTC, fixed annual profit is 0.642 BTC / BCH / DASH / LTC.
#4. Superior
The superior plan is priced at 100 BTC / BCH. The plan validity is 365 days and offers a computed power hash rate of 25 TH/s. The daily fixed return is 0.45%, fixed annual return is 16.42 BTC / BCH / DASH / LTC, fixed annual profit is 6.42 BTC / BCH / DASH / LTC.
Conclusion
Cryptonoras is a scam. It will be clear to anyone who has been in the cloud mining industry or knows some basics about it. The biggest red flag here is their mining plans.
They have not distinguished between the types of coins offered for mining. They have grouped BTC, BCH, DASH, and LTC under one plan. On top of that, they are offering the same computed power hash rate regardless of which coin the user opts for mining. That’s just hogwash as each of these coins have different levels of mining difficulty and thus requires different rates of computing power to mine.
Cryptonoras also offer equal percentage of returns and profits regardless of what coin the user chooses to mine. The company ownership details and data center locations are also not available in public. There’s just too many red flags about them.
Our verdict is that Cryptonoras is a scam. Don’t sign up for any of their plans.
