Website Review : SCAM or LEGIT?

Cryptouniverse.io Review SCAM or Legit?

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Cryptouniverse.io Review SCAM or Legit?

Summary

User management: Web
Company transparency/support: Owner details available in public
Payment options: BTC, LTC, Visa as well as Mastercard Debit & credit cards
Reward type/share/pool: NA
Cost electric power per TH/day (btc): 0.05 USD
Contract price per Th/year (btc): $8.9 USD per TH/s for 1-year
Earning return: NA

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User Review
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Status: SCAM

Pros

  • Owner details are available in public
  • They have two of Europe’s largest data centers (42 MW)
  • Live streams their mining center operations
  • Affiliate program 10%

Cons

  • Only offer BTC & LTC for mining
  • Limited payment options
  • Small number of contacts to select

Company

CryptoUniverse is a cloud mining company based out of one of Europe’s largest 20 MW mining centers. It was commissioned on 14th February 2017. As per their website, the company was launched by true crypto enthusiasts. They have two of the largest data centers in Europe with a combined capacity of 42 MW. The company was founded by Stefan Warecka and Thomas Fleckl. 

Product Information 

The company website looks authentic and exudes credibility. Their website offers smooth functionality and ensures that the website visitor will have a great user experience. The website color combination of blue and white looks professional and goes well with their logo. 

CryptoUniverse offers four preset plans along with a custom option. The preset plans are categorized as Promo, Beginner, Professional, and Exclusive. 

The Promo plan offers 15 TH/s and its price is $50. It comes with a daily maintenance fee of $0.75 and a rent duration of 90 days. It projects a daily revenue of $1.31. The Beginner plan offers 50 TH/s and its price is $180. It comes with a daily maintenance fee of $2.5 and a rent duration of 140 days. It projects a daily revenue of $4.38. 

The Professional plan offers 75 TH/s and its price is $488. It comes with a daily maintenance fee of $3.75 and a rent duration of 270 days. It projects a daily revenue of $6.57. Their top-most preset plan is titled “Exclusive” and it offers 100 TH/s and its price is $890. It comes with a daily maintenance fee of $5.00 and a rent duration of 360 days. It projects a daily revenue of $8.76. 

They have not disclosed individual charges for electricity. Instead, they have grouped it along with other costs like hosting services, equipment cooling, maintenance, and 24×7 miners control into a single fee and termed it as “maintenance fee.” 

Conclusion 

Superficially speaking, CryptoUniverse may look like a credible cloud mining company. However, we found a few red flags when we dived in to check more details about the company. 

The first and foremost thing is that the charges in terms of TH/s are pretty low when we compare it to other credible cloud mining companies. However, the payouts offered by CryptoUniverse are similar to that of the cloud mining companies charging 4-5 times the amount charged by CryptoUniverse. They do not have any innovative technologies to back their claim.

The second red flag is the multitude of negative reviews about the company on the web. Many of CryptoUniverse’s users have complained about not receiving payouts from the company. Hence, CryptoUniverse is a scammy project. Stay away from it!

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.

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