Website Review : SCAM or LEGIT?

Excel-Mining.io Review SCAM or Legit?

Scam
problem

-

- Advertisement -

Excel-Mining.io Review SCAM or Legit?

Summary

User management: Web
Company transparency/support: Not legit
Payment options: BTC, BCH, LTC, ETH, and XMR
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): N/A
Contract price per Th/year (btc): $17.19 USD per TH/s for 1-year
Earning return: 200%-450%

Sending
User Review
1 (1 vote)

Status: SCAM

Excel-Mining.io Review SCAM or Legit?

pros

  • Multiple cryptocurrencies are available for mining.
  • Provides free signup rewards
  • Has an Affiliate Program (5%-15%)

cons

  • Only one plan available for each of the coins available for mining.

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.
Excel-Mining.io Review SCAM or Legit?
Quebec Canada

Excel-Mining.io Review SCAM or Legit?
Scotland

Excel-Mining.io Review SCAM or Legit?
Excel Mining claimed to be Quebec or Scotland

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.

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.

3 COMMENTS

Subscribe
Notify of
guest
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
79,692FansLike
67,967FollowersFollow
11,229FollowersFollow

Recent Comments

Amazon Integrates Ethereum and DeFi on their own Blockchain

Ethereum's wild bull run is imminent after Amazon integrates Ethereum and DeFi on its blockchain service. To the moon...

Its official, Elon Musk has chosen Dogecoin as the peoples’ money

Everyone is holding onto their breaths waiting for confirmation from Elon Musk about which cryptocurrency he supports as people's...
- Advertisement -

You might also likeRELATED
Recommended to you

3
0
Would love your thoughts, please comment.x