Status: SCAM

Company:

The UK-based Excel Mining Ltd aims to make cryptocurrency mining available to everyone around the world. It was founded in 2020 and they are a private company. They use some of the top-most mining rigs of companies such as Bitfury, Bitmain, and Sapphire. Ian Sutherland is the founder of Excel Mining and the company registration number is SC6T8092. 

Address: 59 Charles St, Glasgow G21 2PR, United Kingdom

Product:

Excel Mining Ltd has a catchy website. They have used a color combination of violet and white on their website, which is not commonly seen on the websites of cloud mining companies. Two points for them for this reason. We really like how cool their website looks. It is also pretty user-friendly. 

The company currently offers BTC, BCH, LTC, ETH, and XMR mining to its customers around the world. The pricing are as follows:

#1. Bitcoin

• Duration: 1 Year
• Hardware: GPU Rigs & Antminer S17+
• Algorithm: SHA-256
• Maintenance Fee: $0.001 / 100 GH/s / 24H
• Price: $1.79 per 100 MH/s

#2. Ethereum 

• Duration: 1 Year
• Hardware: GPU Rigs 
• Algorithm: Ethash
• Maintenance Fee: Zero
• Price: $3.95 per 1 MH/s

#3. Monero

• Duration: 1 Year
• Hardware: GPU Rigs 
• Algorithm: CryptoNight
• Maintenance Fee: Zero
• Price: $10.95 per 1 KH/s

#4. Litecoin

• Duration: 1 Year
• Hardware: Antminer L3 & L5
• Algorithm: Scrypt 
• Maintenance Fee: $0.002 / 10 MH/s / 24H
• Price: $2.5 per 10 MH/s

#5. Dash

• Duration: 1 Year
• Hardware: GPU Rigs & Antminer D3
• Algorithm: X11
• Maintenance Fee: $0.0013 / 1 GH/s / 24H
• Price: $1.25 per 1 GH/s

#6. Zcash

• Duration: 1 Year
• Hardware: GPU Rigs & Antminer D3
• Algorithm: Equihash
• Maintenance Fee: $0.0013 / 1 GH/s / 24H
• Price: $0.0013 / 100 Sols/s / 24H

Conclusion 

Excel Mining is a new kid on the block of cloud mining service providers. It was launched in March 2020 and so far has got many good reviews on some of the top review sites like Trustpilot. However, there are a few red flags that have become a cause of concern for us. 

1. The company’s About us page shows 4 people, one witch is the Director Mr. Ian Vincent Sutherland, Born in Feb 1995. Unfortunately for the Excel Minings developer, he seems to miss out on the fact of his age and put a staged image of a 40+-year-old on their website. Therefore we must conclude that all 4 images are not real.
2. The fact that a UK registered company is setup does not make a website trustworthy. Anyone can register a UK company for 20£.
3. Another huge mistake from the developer is the fabricated video shoving their mining facility stated to be in Qubeck Canada or Scotland. Unfortunately, the video shows a desert-like mountain area and a building more alike to be Northern Asia mountain. If you are not familiar with the nature of Quebec and Scotland, then they are both a beautiful lush green vegetated nature as shown below.

The company maintains a LinkedIn presence. However, none of the key personnel that is mentioned on their website has a LinkedIn profile.

With all the above evidence it seems clear that Excel Mining has put a great effort to disguise their true nature. Excel Mining is nothing but a great setup scam.

Do not invest here unless you like to gamble with your money.