Website Review : SCAM or LEGIT?

Miningcompany.ltd Review SCAM or Legit?

Scam
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Miningcompany.ltd Review SCAM or Legit?

Summary

User management: Web std. HYIP script/design 
Company transparency/support: Not Legit
Payment options: Bitcoin, Bitcoin Cash, Bitcoin SV, Digibyte, Litecoin, Syscoin, Verge, Dogecoin, Ethereum, Ethereum Classic, Payeer, Perfect Money
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): N/A  
Contract price per Th (btc):  $25 for 1 TH/s 
Earning return: N/A

Sending
User Review
3 (2 votes)

Status: SCAM
(classified as HYIP)

Miningcompany.ltd Review SCAM or Legit?

Update 2nd December 2020: We have multiply reports of people not getting paid meaning payments are selective. Also we now have confirmation Trust pilot positive votes are fake and bought service.

pros

  • Multiple payment methods available
  • Multiple cryptocurrencies available for mining

cons

  • No bank cards accepted
  • Limited information about the company

Disclaimer: This site is a category HYIP (high-yield investment program) and will pay only for a certain time. As for all HYIP websites, this can change any moment and we need to stress to you that deposit to such sites is not recommended unless you like to gamble with your money at your own risk.

Company

MiningCompany is a UK-based company and they have also provided a UK address. There is no information to verify who owns the company and the address is more a dummy for registration purposes only. They are into cloud mining and claim to own mining farms with added images to back their claim though. 

Address: 43 Henrietta Street, Birmingham, West Midlands, United Kingdom, B19 3PS

+61 2 9221 6111

The only available information about the company is what the company itself has mentioned on their website:

“The company has built a large mining farm and uses the latest equipment and new technologies, which makes mining very profitable in any situation in the cryptocurrency trading market. You can forget about the bad mining experience and make money on cryptocurrency mining without problems and worries.

MiningCompany produces only the most profitable cryptocurrencies. In addition, MiningCompany uses new technologies to optimize the energy consumption of equipment, provides a wide selection of mining through 9 cryptocurrencies, SHA-256, SCRYPT and ETHASH. It’s time to start working with real professionals.

Cooperating with us, you independently distribute the percentage ratio of forces between cryptocurrencies in accordance with the selected mining algorithm. You can control the operation of your equipment at any time convenient for you. MININGCOMPANY company – makes mining truly profitable.”

Plans

Mining company allows following coins for cloud mining:

  • Bitcoin
  • Bitcoin Cash
  • Bitcoin SV
  • Digibyte
  • Litecoin
  • Syscoin
  • Verge
  • Dogecoin
  • Ethereum
  • Ethereum Classic

There are three plans for the customers to choose from:

Plan-1:

  • Rig: Scrypt
  • Mineable coins: Litecoin, Dogecoin, Verge, and Digibyte
  • Price for 1 GH/s: 0.085 USD

Plan-2:

  • Rig: SHA-256
  • Mineable coins: Bitcoin, Bitcoin Cash, Bitcoin SY, Syscoin
  • Price for 1 GH/s: 0.025 USD

Plan-3:

  • Rig: Ethash 
  • Mineable coins: Ethereum & Ethereum Classic 
  • Price for 1 GH/s: 0.08 USD

Conclusion 

Mining Company claims to be a cloud mining company. They have also claimed on their site that they have multiple mining farms. These are likely just claims and has no substance since they do not provide any fact or proof to back the claims up – They have added images to prove it but are very likely fake. There is also pretty limited information about the company. No information about who owns the company. Their plans make sense but without any concrete proof to back their claims, it’s hard to trust their claims. 

Their website is also basic at best. No advanced features. During our research for writing Miningcompany.ltd review, we found that they are rated positively on Trustpilot. But this is not enough as we have found that Trustpilot can be gamed if one has resources. We will monitor Mining Company regularly if anything changes but until then, we will consider them a risky investment. There are just way too many red flags. Our rating for Miningcompany.ltd is 0.7 out of 5.0.

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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