Website Review : SCAM or LEGIT?

IQMining.com Review SCAM or Legit?

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IQMining.com Review SCAM or Legit?

Summary

User management: Web
Company transparency/support: Owner details not available in public
Payment options: BTC, ETH, LTC, DASH, CASH, USDC, TUSD, Tether, Wire Transfer, Web Money, Perfect Money, Qiwi, Visa as well as Mastercard Debit & credit cards

Reward type/share/pool: NA
Cost electric power per TH/day (btc): 0.1 USD
Contract price per Th/year (btc): $13 USD per TH/s for a 1-year contract
Earning return: NA

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User Review
0 (0 votes)

Status: SCAM

Pros

  • Offers multiple cryptocurrencies (100+) for mining
  • Offers reinvestment option
  • Many plans to choose from

Cons

  • Ownership details not available in public
  • Not available for the US residents
  • No proof of IQ Mining’s data centers

The Company

As per the company, IQ mining claims it was started in 2016 by a team of blockchain programming experts and IT engineers. They claim to have data centers in Algeria, Canada, Georgia, Russia, Iceland, and China however no prof are provided nor any valid Company date or persons behind. 

The Product

IQ mining’s website is easy to use and offers lots of information to visitors without scrolling to different pages. They have an aesthetic and professionally designed website. 

IQ Mining offers cloud mining as well as crypto trading services. Their mining plans come with a 1 year, 2 years, 5 years, and lifetime contract. 

The 1-year mining contract offers plans titled USDT, SHA-256, SHA-256 PRO, SHA-256 BCH, and Ethereum. You can mine 10-150 cryptocurrencies and 10 major coins at a minimum hash rate of 10 GH/s depending upon which of the first four plans you choose. The Ethereum plan allows only the mining of Ethereum at a minimum hash rate of 0.1 MH/s.

The USDT plan offers the least price of $0.098 per 1 GH/s. Ethereum plan is their highest cost plan under the 1-year mining contract. It costs $0.435 per GH/s. 

IQ mining’s 2-year contract offers 4 plans. You can mine 100-150 altcoins and 10 major coins in this contract. The least costing plan is $0.2 per GH/s and the highest costing plan is $0.783 per GH/s.

Their 5-year mining contract also offers four plans and the least costing plan is $0.36 per TH/s and their highest costing plan is charged at $1.41 per GH/s. All of IQ Mining’s contracts offer daily payouts. 

They have also categorized their mining plans into four other categories and these categories are Bronze, Silver, Gold, and Diamond. The only difference between all four plans is the cost per 10 GH/s and minimum contract. 

The bronze plan offers 10 GH/s at $0.131 and the minimum contract is of 1200 GH/s. The silver plan offers 10 GH/s at $0.124 and the minimum contract is of 5000 GH/s, the Gold plan offers 10 GH/s at $0.116 and the minimum contract is 30000 GH/s. 

The diamond plan offers features similar to the Gold plan. However, it comes with some added benefits like extra hash rate, the latest iPhone as a gift, among a few others. All four plans come with a maintenance fee of $0.001 per 10 GH/s for 24 hours. 

There is no mention of having an affiliate program on their website or their social media pages. Likely, they don’t have any affiliate programs. 

Conclusion

Overall, IQ mining is a scam and their contracts are less than half of what other reputed cloud mining companies are charging. However, they offer a payout similar to other cloud mining companies. It doesn’t seem feasible for a cloud mining company without any groundbreaking mining technology. They don’t seem to have any new technology that other cloud mining companies don’t have so this raises lots of questions upfront. 

The company has not provided any images or videos of their mining facilities on its website. They have also not disclosed their company ownership information there.

On top of this, almost all user reviews are negative. It’s better to stay clear of IQ mining. 

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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